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Alfa Capital Calendar

August 26, 2010
Ukrnafta EGM


	Press-release Aug. 20.09 Sergey Grigorian was appointed Director General of Alfa Capital Ukraine on July 30, 2009.


	Market comment Sep. 01.10 Market sentiment slightly improved The fourth tranche of the VAT bond issued by the Ukrainian government yesterday and rising property prices in the US inspired markets for a little while.


	Today's Highlights Aug. 06.10 Ferrexpo reports strong 1H10 results, but little progress with development projects; POSITIVE Aug. 04.10 Ferrexpo 1H10 results preview; NEUTRAL Aug. 03.10 July steel output continues to decline; NEUTRAL Aug. 03.10 Workers at Ferrexpo’s PGOK go on strike; NEGATIVE Jul. 30.10 Motor Sich continues to post record earnings; POSITIVE

Leading Indexes

Symbol	Last	Change	%
KAC 20	4,805.27	9.00	0.19
PFTS	794.27	1.45	0.18
UX	1,995.19	15.66	0.79

Recent Research

24.06.2010
Ukrainian Metals and Mining. Transfer Pricing, Output Growth and Costs Will Determine Upside

21.04.2010
Ukrainian Metals and Mining. Ferrous Metals Looking Beyond the Cycle

17.03.2010
Ukrainian Engineering. Motor Sich AGM Stable Orders Growth, but Watch Margins.

11.02.2010
Ukrainian Politics. New President Same Economic Challenges.

18.01.2010
Ukrainian Politics. On to the Next Round.

13.01.2010
Ukrainian Politics. The Presidential Election: A Primer.