Paul Hastings Represents BBMG on its HK$6.8 Billion IPOThe First H-Share Company to List in Hong Kong This Year

July 29, 2009

Hong Kong, (July 29, 2009) Paul, Hastings, Janofsky & Walker, a leading global law firm, announced today that it has represented BBMG, a state-owned enterprise controlled by the Beijing Municipal Government, and one of the largest suppliers of building materials in the PRC, on its HK$6.8 billion (approximately US$884 million) global offering which comprised a Hong Kong public offer and an international offering, including a Reg S/144A placement.

This transaction is the first H-share listing on the Hong Kong Stock Exchange this year and the second largest IPO in Hong Kong so far this year.

UBS AG is the sole global coordinator and sponsor with UBS AG, Macquarie Group Ltd. and JP Morgan acting as joint bookrunners.

Raymond Li, a partner in the Paul Hastings capital markets practice in Hong Kong who led the transaction, commented: We are delighted to have advised on such a significant IPO in the Hong Kong capital markets. The deal was particularly complex due to the size and scope of the company, which comprises more than 100 subsidiaries, and its multi-segmented businesses and operations. We were able to collaborate with the other working group members to navigate and resolve various regulatory issues throughout the process. The deal highlights the current strength of the local capital markets and we are very pleased to have been able to help our clients take advantage of these opportunities.

Hong Kong capital markets partner Sammy Li, and associates Vanessa Chan and Ling Ling also worked on the transaction. The U.S. capital markets team on the transaction was led by partner David Grimm and assisted by associate Vicky Ko.

Paul, Hastings, Janofsky & Walker is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.