From: Institutional Investor Daily <[email protected]> Sent: Wednesday, October 17, 2012 3:16 PM To: [email protected] Subject: Will Sberbank's Public Offering Spark a New Russian State Sell-off? <http://projectsline.com/iimag/images=x.gif> <http://ems.euromoney.com/ems/r.asp?clndex=730862&=Index=1300847205&hurl=http%3A//www.institution alinvestor.com> =!-- Newsletter Title -->Institutional Investor Daily Wednesda=, October 17, 2012 <http:/=projectsline.com/iimag/images/x.gif> </=R> On Institutionallnyestor.com today: <http://projectsline.com/iimag/images/x.gif> =A style="PADDING-BOTTOM: Opx; MARGIN: Opx; PADDING-LEFT: 0px; PADDING-RIG=T: Opx; FONT-FAMILY: Georgia, 'Times New Roman', Arial; COLOR: #030303; FON=-SIZE: 18px; TEXT-DECORATION: none; PADDING-TOP: Opx" href="http://ems.=uromoney.com/ems/r.asp?clndex=730862&mlndex=1300847205&hurl=htt=%3A//www.institutionali nvestor.com/Article/3103896/Will-Sberbanks-Publi=-Offering-Spark-a-New-Russian-State-Sel I -off.html">Wil I Sberbank's Pu=lic Offering Spark a New Russian State Sell-off? Investors flocked to s=ate-owned Sberbank of Russia's recent $5.3 billion secondary share sale=2E But it remains to be seen whether this success will kick-start the count=y's long-awaited second wave of privatization. Read the full story at institutionalinvestor=2Ecom. <http://ems.euromoney.com/ems/r.=sp?clndex=73086281mIndex=1300847205&hurl=http%3A//www.institutiona=inves tor.com/Article/3103896/Will-Sberbanks-Public-Offering-Spark-a-New-R=ssian-State-Sell-off.html> <http://projectsline.com/iimag/images=x.gif> =/TR> <http://projectsline.com/iimag/images/x.gif> <http://projectsline.com/iimag/images/x.gif> =A style="PADDING-BOTTOM: 0px; MARGIN: 0px; PADDING-LEFT: 0px; PADDING-RIG=T: 0px; FONT-FAMILY: Georgia, 'Times New Roman', Arial; COLOR: #030303; FON=-SIZE: 18px; TEXT-DECORATION: none; PADDING-TOP: Opx" href="http://ems.=uromoney.com/ems/r.asp?clndex=730862 &m I ndex=1300847205