From: Jes Staley To: [email protected] <[email protected]> Subject: Fw: Peter Mandelson Date: Wed, 27 Oct 2010 14:48:58 +0000 I sent this to Peter From: Jes Staley To: Sent: Wed Oct 27 07:36:13 2010 Subject: Fw: Peter Mendelson A good description of where we stand in Russia and the bank deal. Best Jes From: Jes Staley To: Jeffrey R Costello Cc: Emilio R Saracho; Yan L Tavrovsky Sent: Wed Oct 27 07:35:25 2010 Subject: Re: Peter Mandelson Thanks Jeff. Very helpful. When Lord Mendelson can help, please let me know. Best Jes From: Jeffrey R Costello To: Jes Staley Cc: Emilio R Saracho; Yan L Tavrovsky Sent: Wed Oct 27 05:20:44 2010 Subject: Peter Mandelson Jes: Emilio mentioned that Lord Mandelson had informally offered to assist with discussions around Russian privatizations. I thought it would be useful to give you some color on the situation. We have been meeting regularly over the past year and a half with the Ministry of Economic Development, which is charged with planning and executing the privatization program, and have recently been appointed as one of 10 banks that are authorized by the Russian Government to advise on privatization transactions. Yan and I met yesterday with the Deputy Minister of Economic Development who told us that MinEconDev expects to submit its comprehensive privatization plan -- including the final list of assets -- to the Prime Minister in early November. Once the list and plan have been approved by the Government, we and the other authorized advisers will be invited to bid for the projects we are interested in. EFTA00753506