Dragon Capital Sells Minority Stake to Goldman Sachs

KYIV, Ukraine--(Business Wire)--Dragon Capital is pleased to announce that it has sold a small
minority stake to Goldman Sachs, which acquired it as a financial
portfolio investment.

Goldman Sachs has invested in Dragon Capital via a share capital
increase. The deal, which is not subject to regulatory approvals in
Ukraine and other jurisdictions, closed today. Dragon Capital's
management continues to control the firm and run its day-to-day
operations following the entry of the new minority shareholder.

Tomas Fiala, Dragon Capital's Managing Director and controlling
shareholder, commented: "This development is recognition of the
professionalism and success of our 120-strong multi-national team and
of our track record of triple-digit returns on equity. It underscores
our progress over the past seven years, which saw Dragon Capital grow
from a brokerage operation into Ukraine's largest full-service
investment bank and one of the top 10 financial institutions in the
country by market value."

ABOUT DRAGON CAPITAL

Dragon Capital (www.dragon-capital.ua) is Ukraine's largest
securities brokerage, investment banking, private equity and asset
management firm offering a full range of services to institutional,
corporate and private clients. Established in 2000, the company is an
independent partnership controlled by management, with a small
minority stake held by Goldman Sachs. Dragon Capital is the largest
broker on the Ukrainian stock market, with a 34% market share in 2007.
The firm has completed 20 IPOs and private placements for Ukrainian
companies since 2005, raising $1.5bn. Dragon's asset management arm
has nearly $1bn under management. Financial magazine Euromoney has
recognized Dragon Capital as the Best Equity House in Ukraine in 2002
and 2004-2007.

ABOUT GOLDMAN SACHS

Goldman Sachs is a global investment banking, securities and
investment management firm. It provides a wide range of services to a
substantial and diversified client base that includes corporations,
institutional investors, governments, non-profit organisations and
high-net-worth individuals. Its headquarters is in New York and it
maintains significant offices in London, Frankfurt, Tokyo, Hong Kong
and other financial centres around the world.

Dragon Capital
Viktor Luhovyk, Communications Director,
Tel: (+380 44) 490 7120

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