Batum ranked eighth in 3point shooting 36

Payment collection, grid losses problems no more We stop discriminating against poor-performing Oblenergos Grid losses Payment collection Cash flow distribution 4. Tariff policy: Regulated profits are growing CapEx growth/profit increase link EBITDA forecasts for 2008 Tariff reform: lots of uncertainties 5. Valuation Valuation methods EV/Sales and EV/Electricity EV/EBITDA EV/RAB and P/B EV/Transformer capacity Target price estimation Top picks selection 7. Appendix: Company profiles 7.1 Cherkasyoblenergo BUSINESS OVERVIEW INVESTMENT CASE SHARE PRICE PERFORMANCE - chart MONTHLY TRADING VOLUMES - chart MARKET INFORMATION - table STOCK OWNERSHIP - table MARKET MULTIPLES - table KEY RATIOS - table Electricity data, TWh - chart Area of operation - chart 7.2 Chernihivoblenergo BUSINESS OVERVIEW INVESTMENT CASE SHARE PRICE PERFORMANCE - chart MONTHLY TRADING VOLUMES - chart MARKET INFORMATION - table STOCK OWNERSHIP - table MARKET MULTIPLES - table KEY RATIOS - table Electricity data, TWh - chart Area of operation - chart 7.3 Chernivtsioblenergo BUSINESS OVERVIEW INVESTMENT CASE SHARE PRICE PERFORMANCE - chart MONTHLY TRADING VOLUMES - chart MARKET INFORMATION - table STOCK OWNERSHIP - table MARKET MULTIPLES - table KEY RATIOS - table Electricity data, TWh - chart Area of operation - chart 7.4 Dniprooblenergo BUSINESS OVERVIEW INVESTMENT CASE SHARE PRICE PERFORMANCE - chart MONTHLY TRADING VOLUMES - chart MARKET INFORMATION - table STOCK OWNERSHIP - table MARKET MULTIPLES - table KEY RATIOS - table Electricity data, TWh - chart Area of operation - chart 7.5 Donetskoblenergo BUSINESS OVERVIEW INVESTMENT CASE SHARE PRICE PERFORMANCE - chart MONTHLY TRADING VOLUMES - chart MARKET INFORMATION - table STOCK OWNERSHIP - table MARKET MULTIPLES - table KEY RATIOS - table Electricity data, TWh - chart Area of operation - chart 7.6 Energougol BUSINESS OVERVIEW INVESTMENT CASE SHARE PRICE PERFORMANCE - chart MONTHLY TRADING VOLUMES - chart MARKET INFORMATION - table STOCK OWNERSHIP - table MARKET MULTIPLES - table KEY RATIOS - table Electricity data, TWh - chart Area of operation - chart 7.7 Kharkivoblenergo BUSINESS OVERVIEW INVESTMENT CASE SHARE PRICE PERFORMANCE - chart MONTHLY TRADING VOLUMES - chart MARKET INFORMATION - table STOCK OWNERSHIP - table MARKET MULTIPLES - table KEY RATIOS - table Electricity data, TWh - chart Area of operation - chart 7.8 Khersonoblenergo BUSINESS OVERVIEW INVESTMENT CASE SHARE PRICE PERFORMANCE - chart MONTHLY TRADING VOLUMES - chart MARKET INFORMATION - table STOCK OWNERSHIP - table MARKET MULTIPLES - table KEY RATIOS - table Electricity data, TWh - chart Area of operation - chart 7.9 Khmelnitskoblenergo BUSINESS OVERVIEW INVESTMENT CASE SHARE PRICE PERFORMANCE - chart MONTHLY TRADING VOLUMES - chart MARKET INFORMATION - table STOCK OWNERSHIP - table MARKET MULTIPLES - table KEY RATIOS - table Electricity data, TWh - chart Area of operation - chart 7.10 Kirovohradoblenergo BUSINESS OVERVIEW INVESTMENT CASE SHARE PRICE PERFORMANCE - chart MONTHLY TRADING VOLUMES - chart MARKET INFORMATION - table STOCK OWNERSHIP - table MARKET MULTIPLES - table KEY RATIOS - table Electricity data, TWh - chart Area of operation - chart 7.11 Krymenergo BUSINESS OVERVIEW INVESTMENT CASE SHARE PRICE PERFORMANCE - chart MONTHLY TRADING VOLUMES - chart MARKET INFORMATION - table STOCK OWNERSHIP - table MARKET MULTIPLES - table KEY RATIOS - table Electricity data, TWh - chart Area of operation - chart 7.12 Lvivoblenergo BUSINESS OVERVIEW INVESTMENT CASE SHARE PRICE PERFORMANCE - chart MONTHLY TRADING VOLUMES - chart MARKET INFORMATION - table STOCK OWNERSHIP - table MARKET MULTIPLES - table KEY RATIOS - table Electricity data, TWh - chart Area of operation - chart 7.13 Mykolaivoblenergo BUSINESS OVERVIEW INVESTMENT CASE SHARE PRICE PERFORMANCE - chart MONTHLY TRADING VOLUMES - chart MARKET INFORMATION - table STOCK OWNERSHIP - table MARKET MULTIPLES - table KEY RATIOS - table Electricity data, TWh - chart Area of operation - chart 7.14 Odessaoblenergo BUSINESS OVERVIEW INVESTMENT CASE SHARE PRICE PERFORMANCE - chart MONTHLY TRADING VOLUMES - chart MARKET INFORMATION - table STOCK OWNERSHIP - table MARKET MULTIPLES - table KEY RATIOS - table Electricity data, TWh - chart Area of operation - chart 7.15 Poltavaoblenergo BUSINESS OVERVIEW INVESTMENT CASE SHARE PRICE PERFORMANCE - chart MONTHLY TRADING VOLUMES - chart MARKET INFORMATION - table STOCK OWNERSHIP - table MARKET MULTIPLES - table KEY RATIOS - table Electricity data, TWh - chart Area of operation - chart 7.16 Prykarpatoblenergo BUSINESS OVERVIEW INVESTMENT CASE SHARE PRICE PERFORMANCE - chart MONTHLY TRADING VOLUMES - chart MARKET INFORMATION - table STOCK OWNERSHIP - table MARKET MULTIPLES - table KEY RATIOS - table Electricity data, TWh - chart Area of operation - chart 7.17 Sevastopolenergo BUSINESS OVERVIEW INVESTMENT CASE SHARE PRICE PERFORMANCE - chart MONTHLY TRADING VOLUMES - chart MARKET INFORMATION - table STOCK OWNERSHIP - table MARKET MULTIPLES - table KEY RATIOS - table Electricity data, TWh - chart Area of operation - chart 7.18 Sumyoblenergo BUSINESS OVERVIEW INVESTMENT CASE SHARE PRICE PERFORMANCE - chart MONTHLY TRADING VOLUMES - chart MARKET INFORMATION - table STOCK OWNERSHIP - table MARKET MULTIPLES - table KEY RATIOS - table Electricity data, TWh - chart Area of operation - chart 7.19 Ternopiloblenergo BUSINESS OVERVIEW INVESTMENT CASE SHARE PRICE PERFORMANCE - chart MONTHLY TRADING VOLUMES - chart MARKET INFORMATION - table STOCK OWNERSHIP - table MARKET MULTIPLES - table KEY RATIOS - table Electricity data, TWh - chart Area of operation - chart 7.20 Vinnitsyaoblenergo BUSINESS OVERVIEW INVESTMENT CASE SHARE PRICE PERFORMANCE - chart MONTHLY TRADING VOLUMES - chart MARKET INFORMATION - table STOCK OWNERSHIP - table MARKET MULTIPLES - table KEY RATIOS - table Electricity data, TWh - chart Area of operation - chart 7.21 Volynoblenergo BUSINESS OVERVIEW INVESTMENT CASE SHARE PRICE PERFORMANCE - chart MONTHLY TRADING VOLUMES - chart MARKET INFORMATION - table STOCK OWNERSHIP - table MARKET MULTIPLES - table KEY RATIOS - table Electricity data, TWh - chart Area of operation - chart 7.22 Zakarpatoblenergo BUSINESS OVERVIEW INVESTMENT CASE SHARE PRICE PERFORMANCE - chart MONTHLY TRADING VOLUMES - chart MARKET INFORMATION - table STOCK OWNERSHIP - table MARKET MULTIPLES - table KEY RATIOS - table Electricity data, TWh - chart Area of operation - chart 7.23 Zaporizhyaoblenergo BUSINESS OVERVIEW INVESTMENT CASE SHARE PRICE PERFORMANCE - chart MONTHLY TRADING VOLUMES - chart MARKET INFORMATION - table STOCK OWNERSHIP - table MARKET MULTIPLES - table KEY RATIOS - table Electricity data, TWh - chart Area of operation - chart 7.24 Zhytomyroblenergo BUSINESS OVERVIEW INVESTMENT CASE SHARE PRICE PERFORMANCE - chart MONTHLY TRADING VOLUMES - chart MARKET INFORMATION - table STOCK OWNERSHIP - table MARKET MULTIPLES - table KEY RATIOS - table Electricity data, TWh - chart Area of operation - chart 8 Analyst certification 9 Target Price History 10.

Investment ratings CHARTS Performance, YTD Sectors commercial losses, of power input Share of Oblenergos with commercial losses Commercial electricity losses, 1Q08, of power input Settlements with Energorynok Share of disciplined payers in group Oblenergos with below 100 settlements Share of Oblenergos that receive 100 cash flow from customers Sectors aggregate investment program, USD mln Growth in investments approved by regulator in 2008, yoy "Rule of thumb" link between EBITDA and investment program Investment program growth vs. EBITDA growth, USD mln Retail electricity tariffs by consumer groups, June 2008, USD/MWh Growth in aggregate bottom line, USD mln Aggregate EBITDA, USD mln Aggregate EBITDA margins Case study: Cherkasyoblenergo quarterly EBITDA margins, 2007 EBITDA margins by groups: 1Q05 vs. ) Should have known this picture would come back to haunt us.Update 2: Joe Freeman tweeted that Batum is looking at three to five months of recovery.Update 1: Coup at Rip City Project reminds me that Jameer Nelson had a similar injury last year with a timetable of four to six months. At best, I'd say late March or early April.According to a source and 95.5 The Game, Batum's lingering shoulder injury has become more serious. He'll have surgery to repair a torn labrum which has been a problem for a while now.

There's no timetable for a return yet, but I worry that it's the whole season.This is one of the main reasons the current Blazer team has so much depth Just in case someone gets injured. It's a blow to the starting lineup and definitely changes things for the team. Batum was coming into the season with a ton of confidence and he's now been completely derailed.Now the team will be back to relying on Martell Webster (who's coming off a missed 08/09 season) and Travis Outlaw who has struggled in the preseason. Outlaw really needs to step it up and contribute in any way possible.As far as outlooks for the season it shouldn't change too much Webster should do many of the things Batum would do Play defense, hit threes, and be active. Neal ElAttrache on Friday in Los Angeles at the Kerlan-Jobe Orthopaedic Clinic.

A timeline for Batum's return will be determined following surgery.As a rookie last season, Batum appeared in 79 games (76 starts), averaging 5.4 points (44.6 FT), 2.8 rebounds, 0.9 assists and 18.4 minutes.Batum ranked eighth in 3-point shooting (36.9) and 10th in blocked shots (0.51) among rookie leaders a season ago. He scored in double figures on 13 occasions.A leader on the French National Team that finished fifth in the 2009 European Championships, Batum ranked second on the team with 9.6 points and 4.9 rebounds to go with 1.8 assists, 1.00 block and 28.6 minutes in nine games. This article is also featured on Bust a Bucket - A Portland Trail Blazers Blog. SAUSALITO, Calif.(Business Wire)HumanConcepts today announced that its OrgPlus Enterprise solution has receivedintegration validation with Oracles PeopleSoft Enterprise Human CapitalManagement 9.0. Through the Oracle Application Integration Architecture forPartners initiative, OrgPlus Enterprise completed rigorous testing demonstratingintegration and use of best practices and Oracle standards with PeopleSoftEnterprise. OrgPlus Enterprise, named Top HR Product of 2008 by Human Resource Executivemagazine, helps PeopleSoft users reduce the time and money they spend managingand distributing accurate human resources information across the enterprise.With OrgPlus Enterprise, PeopleSoft users can access critical employeeinformation on-demand to make more informed business decisions and proactivelymanage organizational change.