PRESS RELEASE 8 May 2008

HEDMAN OSBORNE CLARKE WILL CHANGE ITS NAME TO HEDMAN PARTNERS

Osborne Clarke Alliance and Hedman Osborne Clarke announced today that Hedman Osborne Clarke will move away from formal Alliance membership and change its name to Hedman Partners. At the same time, the firm will move to the status of preferred partner of the Osborne Clarke Alliance in the Baltic Sea area. Both parties will pursue their separate growth strategies in the CIS market.

Harry Hedman, Senior Partner at Hedman Partners, said:

"We are proud to have been part of the growth of the Osborne Clarke Alliance and look forward to continuing the good working relationship with the Alliance."

"Our move to a less formal, relationship with the Osborne Clarke Alliance in the Baltic Sea area allows us to move forward with our plans to grow our St Petersburg office. We aim to build further contacts and business in Central and Eastern Europe."

Hedman Partners is a full-service law firm specialised in corporate and commercial law. It has offices in Helsinki, Tallinn and St Petersburg. Through its Baltic Partnership offices, the firm is also strongly positioned in the Latvian and Lithuanian markets. With its vast international network, Hedman Partners provides access to the best legal services also elsewhere in Europe.

Contacts:

Esa Halmari, Managing Partner, tel. +358 9 177 060
esa.halmari@hedman-attorneys.com

Harry Hedman, Senior Partner, tel. +358 9 177 060
harry.hedman@hedman-attorneys.com

Hedman Partners’ logo as of 1 June 2008: