EY wins two prestigious awards

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MOSCOW, 30 October 2012 – EY has been named the International Advisory Firm of the Year in Russia in 2012 and the Taxpayer of the Year.

During the Russia PE Awards ceremony at the 4th Russian Private Equity Congress, EY was named the International Advisory Firm of the Year in 2012. The congress is the key event for the PE and VC industry in Russia and the CIS, a traditional meeting place for PE and VC funds, institutional investors, real economy businesses, investment banks, and leading legal and advisory service providers. The congress included panel sessions, which centered on the attractiveness of Russia for global PE&VC investors, and discussions of investment strategies and alternative investment proposals. This year, the congress had over 120 participants.

In addition, the Kompaniya Weekly named EY the Taxpayer of the Year. EY LLC makes sure it has no outstanding tax and duty payments, and guarantees the timely payment of salaries. In 2011, EY paid 40% more taxes (key taxes: profits tax, VAT, PIT) as well as insurance premiums to state non-budgetary funds year on year. The Firm of the Year Awards ceremony is held annually. This year, the jury had to pick the best from more than 1,500 nominees.

Alexander Ivlev, EY Managing Partner for Russia, says, "The awards we have received are largely recognition of our professional accomplishments. The International Advisory Firm of the Year in Russia 2012 and the Taxpayer of the Year are worthy titles which we gladly accept. I congratulate our company's colleagues, partners and clients on our double victory!"

About EY
EY is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 167,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.

EY expands its services and resources in accordance with clients’ needs throughout the CIS. 4,000 professionals work at 19 offices in Moscow, St. Petersburg, Novosibirsk, Ekaterinburg, Kazan, Krasnodar, Togliatti, Vladivostok, Yuzhno-Sakhalinsk, Almaty, Astana, Atyrau, Baku, Kyiv, Donetsk, Tashkent, Tbilisi, Yerevan, and Minsk.

For more information, please visit: www.ey.com.

EY refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.