PricewaterhouseCoopers was created in 1998 through the merger of two firms - Price Waterhouse and Coopers & Lybrand - each with its historical roots going back some 150 years. PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance, tax and advisory services for public and private clients. More than 120, 000 people in 144 countries connect their thinking, experience and solutions to build public trust and enhance value for clients and their stakeholders. In Central Asia, we operate as a global organization capitalizing on our breadth and depth of knowledge fully shared. With the aid of modern technology, we are able to draw upon the combined world-wide knowledge and experience from our offices all over the globe for the benefit of our clients. It is essential that we have the right resources committed to you, so we deliver a consistent, coordinated, high-quality service on even the most complex international engagement. We do this through PricewaterhouseCoopers's integrated worldwide network of country firms, which are collectively managed to global quality standards by our leadership team.

The PricewaterhouseCoopers office in Tashkent is headed by Authorized representative, Altai" Tapia. The office has more than 35 professional staff all of whom are resident in Tashkent and experienced in the complexities and challenges that make Uzbekistan a unique business environment for most foreign companies. The office personnel include expatriate and national experts in assurance and advisory services, corporate finance, IT as well as tax and legal services. The PricewaterhouseCoopers office in Tashkent also benefits from the strong regional and global resources that the worldwide firm has available. What does that mean to the client? It means that we can source an expert within our firm that can solve virtually any problematic business situation that a client may have. The services offered by our office are described in detail below.

ASSURANCE AND ADVISORY SERVICES
Audits of financial statements prepared in accordance with IAS,
US GAAP and Uzbek standards;
Business investigations and plans;
Conversion of accounts to IFRS, US GAAP and standards of the
Republic of Uzbekistan;
Due diligence reviews;
Evaluation of foreign investment options;
Internal control system testing, reviews and direction on corrective
measures;
Other technical accounting services;
Statutory audit services.

CORPORATE FINANCE AND PRIVATIZATION
Analysis of market opportunities;
Assistance in developing business plans;
Business, asset, real estates, and cash flow valuation;
Business and financial activity planning; strategic consulting
services and assistance in financial forecast preparation;
Consulting services on privatisation strategy, including ownership
issues, management organisation and financial business;
Development of privatisation programs for mass and case-by-case
privatisation and their implementation;
Feasibility studies;
Investigation of options for entering the market, marketing and
strategy development;
Negotiations planning and organisation, consulting services in the
process of negotiations;
Oil and gas pipeline consultations and feasibility studies.

TAX, LEGAL, CUSTOMS AND REGISTRATION SERVICES
Drafting and compiling instructions to Production Sharing
Agreements ("PSA");
International tax planning and structuring;
After-tax cash flow models;
Assistance in government matters including correspondence with
the Ministry of Finance, the Tax Inspectorate and Ministries or
Presidential Apparatus;
Assistance with expatriate taxation and compensation issues;
Civil code and labour code assistance;
Customs assistance;
Registration and licensing assistance;
Review of cost sharing agreements, management contracts and
other legal documents regarding tax considerations;
Review of PSA and protocol applications;
Local tax planning and compliance;
Value-added tax ("VAT") consulting.