White & Case in London ECM Treble
LSE Continues to Attract International Businesses

London, May 16, 2007 ... White & Case has closed three London equity capital markets deals in the space of two days, including the move by one company from AIM to the London Stock Exchange's Main Market.

"At present, the equity capital markets are in a period of sustained growth, driven in particular by the continuing strengthening of economic fundamentals in the emerging markets. The trend of companies based in or focused on emerging markets listing in London is well established, and it is something that we will continue to see more of," commented Allan Taylor, a principal partner in White & Case's Equity Capital Markets practice.

White & Case's equity capital markets treble involved the following transactions:

• Advising Merrill Lynch International and Hoare Govett Limited as joint sponsors on the move by Imperial Energy Corporation plc., a Russian oil and gas business, from AIM to the Main Market. The White & Case team advising on the deal was co-led by partners Philip Broke and Allan Taylor, working closely with associate David Dobbie;
• Advising Tau Capital plc., an Isle of Man investment company focused on Kazakhstan, on its $250 million AIM IPO. Allan Taylor also led this deal, working alongside associates Deborah Grim, Victoria Henrion and Josephine Last; and
• Advising BMO Nesbitt Burns as placing agent in Titanium Resources Group Limited's $35.2 million secondary placement of shares on AIM. This deal was also led by Allan Taylor, who was assisted by associate Elizabeth Palmer.

Taylor added: "AIM has been a huge success story in recent years and a significant driver of growth in the London market. As it has matured, AIM has attracted larger and more international-based companies, and we are expecting to see more companies at the top end move up to the Main Market. AIM has lots of advantages for many companies, but the Main Market offers exposure to larger amounts of capital and has even more liquidity, which is clearly desirable for larger businesses."

The White & Case London-based ECM practice has had a formidable start to the year and recently recruited partners Andrew Croxford and Andrew Caunt to help meet growing client demand and a rapidly increasing pipeline of work.

About White & Case
White & Case LLP is a leading global law firm with more than 2,000 lawyers in 35 offices in 23 countries. Our clients value the breadth and depth of our US, English and local law capabilities and rely on us for their complex cross-border commercial and financial transactions and for international arbitration and litigation. Whether in established or emerging markets, the hallmark of White & Case is our complete dedication to the business priorities and legal needs of our clients.

Contact:
James Martin
Media Relations Mgr EMEA, White & Case
44 0 20 7532 2853/ 44 0 7939 012 011


Alexandra Henderson
Media Relations Executive, White & Case
44 0 20 7532 2848