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Newsroom / Press Releases Dragon Capital Largest Ukrainian Stock Broker in 2005 KYIV, UKRAINE, January 18, 2006 – Investment bank Dragon Capital became the largest Ukrainian stock broker by turnover in 2005, the country’s primary securities exchange, PFTS, announced today. Dragon Capital beat 86 other banks and brokerage houses that traded shares on the PFTS last year. Concorde Capital ranked second and Renaissance Capital Ukraine was third. Dragon Capital, which also claimed the top spot in the PFTS rankings in 2003 and was third in 2004, consistently featured among leading domestic brokers throughout 2005 as the market experienced a surge in foreign investor demand for Ukrainian equities, triggered by the victory of a pro-West leader in presidential elections in December 2004. The PFTS reported total stock trading volume of UAH 3.4 bil. (USD 0.7 bil.) for 2005, up an impressive 311% compared with 2004. Dragon Capital’s KP-Dragon index, which tracks the performance of ten leading Ukrainian stocks, rose by 42% during the year, its capitalization reaching USD 7.9 bil. Both the long-established blue chips, such as Ukrnafta and Ukrtelecom, and second tier equities from a broad spectrum of industries spearheaded the market’s advance. The actual turnover in Ukrainian stocks, however, was much higher as the PFTS statistics do not account for transactions with Ukrainian ADRs/GDRs and domestic deals not reported in the trading system. Established in 2000, Dragon Capital is a leading Ukrainian investment house providing a full range of brokerage and corporate finance services to foreign and domestic institutional and strategic investors. Dragon Capital won the Best Equities House in Ukraine award from international financial magazine Euromoney in 2002, 2004 and 2005, each of the three times the respected publication selected nominees from Ukraine for this accolade. In December 2005, Dragon Capital completed the largest IPO on the Ukrainian market, selling a 10% stake in Velyka Kyshenya, a leading domestic retail chain, for USD 27.5 mil. on the PFTS. |
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