SQUIRE,  SANDERS & DEMPSEY L.L.P. JOINS
U.S.-UKRAINE BUSINESS COUNCIL (USUBC),
Expands Presence in Ukraine, Central & Eastern Europe's (CEE)
Newest Economic Powerhouse
U.S.-Ukraine Business Council (USUBC)
Washington, D.C., Wednesday, May 14, 2008

WASHINGTON, D.C. - The executive committee of the U.S.-Ukraine
Business Council (USUBC) is pleased to announce, on behalf of the entire
membership, that Squire, Sanders & Dempsey L.L.P. has been approved
for membership in USUBC.

Squire, Sanders & Dempsey L.L.P. has more than 850 lawyers in 32 offices
and 15 countries around the world. With one of the strongest integrated
global platforms and a longstanding one-firm philosophy, Squire Sanders
provides sophisticated seamless legal counsel worldwide.

EXPANDING IN UKRAINE -----

Building on more than 15 years of experience in Ukraine, Squire, Sanders &
Dempsey L.L.P. has just announced it is expanding its Kyiv presence to
meet the needs of clients investing in Ukraine's booming economy.

The firm's Kyiv office was founded in 1992 by Helen Z. Kryshtalowych, one
of Ukraine's best known international lawyers. Kryshtalowych and Peter Z.
Teluk, the newly appointed managing partner of the Kyiv office, are the team that will continue the growth of the practice in Ukraine.

Teluk and seven associates recently joined Squire Sanders from The Silecky
Firm, with which Squire Sanders had an affiliation. Teluk has worked with a
number of international law firms, including Baker & McKenzie and Covington & Burling, and has worked in Ukraine for more than 10 years.

WASHINGTON, D.C. LEGAL TEAM -----

Squire, Sanders & Dempsey also has a team in their Washington, D.C. office
that works on Ukraine matters.  Partner Sarah Carey leads the firm’s CIS
practice. She specializes in corporate and mergers and acquisitions and has 
been very active on Ukrainian legal issues since the early 1990's. She has
served for many years as Chairman of the Board of the Eurasia Foundation.

Shanker Singham, Partner, also works in this region and focuses his practice
on the areas of antitrust and international trade law including WTO and market access issues.  He recently made a presentation at a USUBC Legal Affairs Workshop.

CENTRAL & EASTERN EUROPE (CEE) PRACTICE -----

Squire Sanders launched its Central and Eastern Europe (CEE) practice in
1990, rapidly becoming a leader in the region with six offices and more than
100 legal professionals.

The firm has continued its steady growth in CEE, opening an office in Poland
in 2005 and, in 2006 and 2007, expanding its offices in Hungary, Poland and
Russia.

"We have broad perspective and deep experience throughout Central and
Eastern Europe," said Chairman R. Thomas Stanton. "Our clients have an
increasing investment interest in Ukraine and our office expansion is in
response to their needs."

Mark A. Cusick, the firm's European practice coordinator, said Squire
Sanders' extensive experience in Ukraine-based telecommunications, energy
and infrastructure transactions provides global investors with essential
insight about the country.

"These sectors are essential to this dynamic economy and we believe we
are extremely well qualified to assist clients in evaluating and closing
deals in this market," Cusick said.

PRACTICE IN UKRAINE

The firm's CEE telecommunications practice has been rated by Legal 500
EMEA as one of the top legal industry advisers. Squire Sanders has
counseled on privatizations, establishing regulatory regimes, structuring
mergers and acquisitions, and negotiating non-Ukraine investment in
Ukraine telecommunications companies.

The firm also represents several of the largest oil, gas and power companies
operating in Ukraine and has counseled the Ukrainian government on the
country's energy law.

The firm's recent experience in Ukraine includes advising longtime client
Vimpel-Communications in its bid for Golden Telecom, one of the top
Europe-based transactions.

"USUBC is very pleased to have Squire, Sanders & Dempsey, L.L.P.
join our rapidly expanding membership," said Morgan Williams,
SigmaBleyzer, who serves as President of USUBC.  "USUBC looks
forward to working with the Squire, Sanders & Dempsey law firm.