DAY ONE: Tuesday 10th October 2006

Deal Structures and Markets

8.45 Registration and Refreshments

9.15 Chairman’s opening remarks

Keith Mullin, Editor, IFR

9.30 Opening address

Michael Mauer, Citigroup

10.10 PANEL: Liquidity - how consistent is the deal flow?

• Who is driving the deal-flow for the Asian LBO market?
• Responses to the volatility in deal flow
• Is deal flow restricted by local businesses nervous about “selling out”?
• How will LBOs fare in the midst of Asia's predominantly family-owned capitalism? In other words, where will the deals come from?
• Finding value and generating yield

Max Blandon, Managing Director, Morgan Stanley

Clarence T’ao, Managing Director, Regional Head of _Acquisition Finance, Loan Structuring & Syndication, Asia Pacific, BNP Paribas

Michael Tierney, Managing Director and Head of Leveraged Finance, Asia Pacific, Credit Suisse, Melbourne

Ajay Sawhney, Managing Director and Head of Asia Leveraged Finance Origination, Merrill Lynch

Eberhard von dem Bussche, Global Head of Structured Finance, HSH Nordbank AG

11.10 Refreshments

11.30 PANEL: LBOs in China and India

• Can we overcome the regulatory hurdles to doing LBOs in China and India?
• Main challenges and threats
• Opportunities and rewards
• Current size and scale
• Future prospects for the market

Peter Chan, Managing Director and Head of Corporate and Investment Banking, Greater China and Syndicated Finance, DBS Bank

Farhan Faruqui, Managing Director, Head of Global Loans Asia Pacific, Citigroup

Siew Huey Loong, Director, Asia-Pacific Corporates team, Fitch Ratings

Juhi Prasad, Senior Vice President, Head of Leverage Finance, Asia Pacific, Lehman Brothers

12.20 The Australasian LBO market - where have we come from and where are we going to? Development of the market:

• Market size
• Investors - senior, subordinated, mezzanine _and equity
• Purchase price and debt multiples
• Structures
• Notable deals
• Public to privates
• Market outlook & trends

David Chapman, Director, Corporate & Structured Finance, BOS International (Australia) Ltd.

12.55 Welcome address

Robert Morse, Managing Director, Chief Executive Officer, Asia Pacific, Corporate and Investment Banking, Citigroup

13.00 Lunch

14.00 What can Asia learn from the US leveraged finance markets?

• Overview of US leveraged finance markets
  • Leveraged loans
  • HY bonds
  • Second lien financings
  • Volumes/pricing and terms
  • Default rates
• Financial sponsor activity and corporate M&A
• Financial sponsor and leveraged finance activity - EMEA
• Leveraged finance and financial sponsor activity in Asia
  • Impact of US markets
  • Financing sources; regional vs. global

Mike Meyer, Global Head of Leveraged Finance and Head of GCP EMEA and Asia, Banc of America Securities

Michael Mauer, Co-Head of Global Loans and Leveraged Finance, Citigroup

14.50 Mature market deals: Japan

• Overview of deals and key sectors
• Challenges and opportunities of lending in Japan
• Will the market open up?

Kazuaki Kitabatake, General Manager, Leveraged Finance (Japan), Mizuho Corporate Bank

15.30 Refreshments

16.00 Understanding deal structures in the mature markets of Korea, Japan and China

• Survey of major deals in Korea - Hanraotelecom, Haitai, Mando, Fila, CCC / DC Chem / OEP, By the Way
• Key considerations for LBO in Korea
• Comparison of LBOs in Japan (DDI Pocket, Japan Telecom, Kanebo) and China (TBD)

Eric Mason, Managing Director, Head of Leveraged Finance Asia Pacific, JPMorgan

16.40 Structured loans in Indonesia

Amit Khattar, Director, Emerging Markets Loan Syndication Group, Credit Suisse

17.20 Chairman’s closing remarks

17.30 End of day one followed by drinks reception

DAY TWO: Wednesday 11th October 2006

THE PLAYERS & EMERGING TRENDS

8.45 Registration and refreshments

9.15 Chairman’s opening remarks

Keith Mullin, Editor, IFR

9.30 How can Asian issuers consistently tap into the deep pockets of HY and mezzanine capital in the US and Europe?

• Comparative depth of markets
• Track record for ‘globally distributed deals’
• What issues do US and Euro investors see as unique to the Asian market?
• Will risk premium cure these shortcomings?
• Other potential solutions

Tim Donahue, Managing Director, JPMorgan

10.10 PANEL: What is the role of Institutional Investors in the development of LBO financing in Asia?

• What are they looking for? High Yield Bonds/Loans?

Aaron Chow, Executive Director, Global Leveraged Finance and Head of Syndicated Finance, non-Japan Asia, UBS AG

John Corrin, Regional Head of Loan Syndication, Asia Pacific, Calyon

Greg Lapham, Head of Leveraged and Acquisition, National Australia Bank

Neal Schweitzer, Senior Vice President, Moody's Investors Service

11.00 Refreshments

11.20 PANEL: What is the sponsor perspective?

• Will attitudes to LBOs in Asia change if sponsors are running local money?
• Can you gain exclusivity for transactions?
• Will purchase price multiples keep increasing?
• Is a lack of private equity funds constraining the Australian market?

Raaj Shah, Co-Head of Asia-Pacific, Och-Ziff Capital Management

Tak Chun Chung, Vice President, TPC Newbridge

12.00 What is the appetite of Asian banks for _senior debt?

Chris Gammons, Head, Leveraged Finance Group, Deutsche Bank

12.40 Legal structuring issues

• Outline of legal structuring issues in the Asian LBO market
• Maximising the lenders' security package in China, India and Korea
• Can second lien debt work in Asia?

Brett King, Partner, Leveraged Finance, Paul, Hastings, Janofsky & Walker LLP

Alex Regan, Partner, Leveraged Finance, Paul, Hastings, Janofsky & Walker LLP

13.15 Chairman's closing remarks

13.25 Lunch followed by close of Conference