Seoul, May 11, 2010 – Macquarie Securities Korea Limited ("Macquarie") and emerging markets investment bank Renaissance Capital today announced they have entered into an agreement to jointly explore M&A advisory and financing opportunities for Korean corporate clients in the former Soviet Union. This partnership combines Macquarie’s advisory expertise and experience in Korea with Renaissance Capital's unrivaled expertise in the emerging markets of Russia, Kazakhstan and other former Soviet states.

As a result of this strategic alliance, Macquarie and Renaissance Capital will be able to provide a broader array of expertise and financial services to both CIS and Korean corporate clients seeking expansion into each market, particularly in the resources and financial services sectors.

"We are delighted to have Macquarie as a partner. Macquarie is a global provider of banking, financial, advisory, investment and funds management services with a track record of providing quality financial and advisory services to its clients and is a market leader in Korea", said Adel Kambar, CEO, Renaissance Capital Central Asia. “As trade and financial flows between Korea and the CIS continue to increase, this alliance is ideally positioned to offer clients tailored cross-border advisory services.”

"This business alliance allows us to expand our already extensive global client service capabilities and facilitate the continued successful drive by Korean corporations into emerging markets, particularly in the search for business building acquisitions in areas such as the industrial and resources sectors ", said John Walker, Chairman of the Macquarie Group of Companies, Korea.

About Macquarie Securities Korea
Macquarie Securities Korea has grown into a leading provider of investment banking services in the Korean market with more than 150 employees and provides services covering corporate advisory, equity underwriting, capital markets and fundraising, derivatives sales and trading, equity sales and research.

Macquarie Securities has led major transactions in Korea, for which it has been recognised with top ranks on Financial Advisory league tables Including No.1 on the Thomson Reuters Korea financial advisory league table in 2008.

Macquarie’s strong network of local executives deliver a high standard of tailored advice in relation to mergers and acquisitions, divestments, takeovers, debt, equity and hybrid financing, capital management, structuring and project financing, restructuring and other strategic and financial matters.

About Renaissance Capital
Renaissance Capital is a leading emerging markets investment bank with operations in Russia, Central Asia, Eastern Europe and Africa. Renaissance Capital has market-leading positions in each of its core businesses - M&A, equity and debt capital markets, securities sales and trading, research, and derivatives. Renaissance Capital is part of the Renaissance Group (www.renaissancegroup.com).

Renaissance Capital won the 2009 FT/Mergermarket award for Financial Advisor of the Year in Russia. The firm tops the M&A league tables in Russia and the CIS for 1998-2009 by number of deals (Source: Mergermarket). The Firm consistently tops the ECM league tables in Russia and the CIS. Renaissance Capital's Research team is ranked #1 in Emerging EMEA in Institutional Investor's 2009 survey.

More information is available at www.rencap.com