White & Case LLP - News - IPO Pipeline Continues

Services	Sectors
Antitrust Asset Finance Banking Canada Capital Markets Climate Change Commercial Litigation Data Privacy Employment & Benefits Financial Restructuring and Insolvency India Indonesia Intellectual Property International Arbitration International Trade Israel Korea Latin America Mergers & Acquisitions Private Clients Pro Bono Project Finance Sovereign Wealth Funds Sovereigns Spain Taiwan Tax White Collar	Communications and Media Construction Environmental Funds Islamic Finance Mining and Metals Oil & Gas Pharmaceuticals and Healthcare Power Real Estate Sourcing & Technology Transactions

North America	Latin America	Europe		Asia	Middle East/Africa
Los Angeles Miami New York Silicon Valley Washington, DC	Mexico City Monterrey São Paulo	Almaty Ankara Berlin Bratislava Brussels Bucharest Budapest Düsseldorf Frankfurt Geneva Hamburg	Helsinki Istanbul London Milan Moscow Munich Paris Prague Stockholm Warsaw	Beijing Hong Kong Shanghai Singapore Tokyo	Abu Dhabi Doha Johannesburg Riyadh

IPO Pipeline Continues
IPO in London for Sunkar Resources PLC

London / Almaty July 8, 2008 ... Global law firm White & Case LLP advised Canaccord Adams Limited, as nominated adviser and joint broker, on the admission of Sunkar Resources PLC ("Sunkar") to trading on AIM in London. GMP Securities Europe LLP also acted as joint broker. Admission was by way of a placing which was priced at 120p per share, resulting in a market capitalisation of almost £200 million and total proceeds of £33.6 million before expenses.

Sunkar is a UK registered company with operations in North West Kazakhstan which plans to be an integrated phosphate fertiliser manufacturer.

"In spite of the current challenging market conditions, we are still busy on a number of IPOs. While emerging markets have driven most of the activity we have seen, we have also had success this year in the more established markets. One prime example has been the IPO of Visa Inc., the largest IPO in US history," commented White & Case partner Greg Hammond. "Of those IPOs currently coming to market, we are seeing particular interest from issuers with operations in the CIS. London has developed an unparalleled record for issuers originating from this region and Sunkar's successful IPO confirms that London remains the preferred exchange for many of these companies."

The White & Case team advising on the deal was led by London-based partner Greg Hammond, working alongside partner Walter Daniel in Almaty and US securities partner Francis Fitzherbert-Brockholes in London. The lead associates were Kevin Connolly and Elizabeth Palmer in London; and Marat Ibragimov and Yelena Makarenko in Almaty.

White & Case regularly advises on equity capital markets transactions in both the established and emerging markets. Recent examples of such work include:

advising Deutsche Bank and Garanti Securities, as joint global coordinators, and Merrill Lynch International and ING Bank N.V., London Branch, as joint lead managers, in the IPO and listing on the Istanbul Stock Exchange of shares of Türk Telekomünikasyon A.Ş., the leading integrated telecommunications operator in Turkey. The flotation, which raised approximately $1.9 billion, is the largest-ever Turkish IPO to date and the first IPO to close in Turkey in 2008;
advising Alinma Bank (under incorporation), in connection with its SAR10.5 billion (approximately $2.8 billion) IPO. The flotation was the largest-ever in Saudi stock market history;
advising Zhaikmunai L.P., an independent oil and gas exploration and production business operating in northwest Kazakhstan, on its $100 million offering of global depositary receipts (GDRs) to institutional investors. The GDRs are listed on the Official List of the UK Financial Services Authority and will be traded on the London Stock Exchange (LSE). The offering is the first-ever GDR listing in London by a limited partnership; and
advising Visa Inc., operator of the world's largest retail electronic payment network, in its $19.7 billion IPO, the largest in US history. The first major IPO to occur in the first quarter, the deal was closely watched by Wall Street as a measure of investor confidence to put new money into equities and a barometer of the overall health of the US economy.

About White & Case
White & Case LLP is a leading global law firm with more than 2,300 lawyers in 37 offices in 25 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:
Sara McIlroy
European Media Relations Mgr, White & Case
44 0 20 7532 2946

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

	Press Releases
Expertise Capital Markets Lawyers Francis Fitzherbert-Brockholes Marat Ibragimov Lena Makarenko Elizabeth Palmer Locations London Almaty	IPO Pipeline Continues IPO in London for Sunkar Resources PLC London / Almaty July 8, 2008 ... Global law firm White & Case LLP advised Canaccord Adams Limited, as nominated adviser and joint broker, on the admission of Sunkar Resources PLC ("Sunkar") to trading on AIM in London. GMP Securities Europe LLP also acted as joint broker. Admission was by way of a placing which was priced at 120p per share, resulting in a market capitalisation of almost £200 million and total proceeds of £33.6 million before expenses. Sunkar is a UK registered company with operations in North West Kazakhstan which plans to be an integrated phosphate fertiliser manufacturer. "In spite of the current challenging market conditions, we are still busy on a number of IPOs. While emerging markets have driven most of the activity we have seen, we have also had success this year in the more established markets. One prime example has been the IPO of Visa Inc., the largest IPO in US history," commented White & Case partner Greg Hammond. "Of those IPOs currently coming to market, we are seeing particular interest from issuers with operations in the CIS. London has developed an unparalleled record for issuers originating from this region and Sunkar's successful IPO confirms that London remains the preferred exchange for many of these companies." The White & Case team advising on the deal was led by London-based partner Greg Hammond, working alongside partner Walter Daniel in Almaty and US securities partner Francis Fitzherbert-Brockholes in London. The lead associates were Kevin Connolly and Elizabeth Palmer in London; and Marat Ibragimov and Yelena Makarenko in Almaty. White & Case regularly advises on equity capital markets transactions in both the established and emerging markets. Recent examples of such work include: advising Deutsche Bank and Garanti Securities, as joint global coordinators, and Merrill Lynch International and ING Bank N.V., London Branch, as joint lead managers, in the IPO and listing on the Istanbul Stock Exchange of shares of Türk Telekomünikasyon A.Ş., the leading integrated telecommunications operator in Turkey. The flotation, which raised approximately $1.9 billion, is the largest-ever Turkish IPO to date and the first IPO to close in Turkey in 2008; advising Alinma Bank (under incorporation), in connection with its SAR10.5 billion (approximately $2.8 billion) IPO. The flotation was the largest-ever in Saudi stock market history; advising Zhaikmunai L.P., an independent oil and gas exploration and production business operating in northwest Kazakhstan, on its $100 million offering of global depositary receipts (GDRs) to institutional investors. The GDRs are listed on the Official List of the UK Financial Services Authority and will be traded on the London Stock Exchange (LSE). The offering is the first-ever GDR listing in London by a limited partnership; and advising Visa Inc., operator of the world's largest retail electronic payment network, in its $19.7 billion IPO, the largest in US history. The first major IPO to occur in the first quarter, the deal was closely watched by Wall Street as a measure of investor confidence to put new money into equities and a barometer of the overall health of the US economy. About White & Case White & Case LLP is a leading global law firm with more than 2,300 lawyers in 37 offices in 25 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: Sara McIlroy European Media Relations Mgr, White & Case 44 0 20 7532 2946 Alexandra Henderson Media Relations Executive, White & Case 44 0 20 7532 2848