ABN Newswire

McMillan Partner and Chair Stephen Wortley speaks at 14th CHINA MINING Conference and Exhibition 2012

newsroom@abnnewswire.net — Fri, 2 Nov 2012 14:55:21 GMT

Mr. Stephen D. Wortley, Chair of the Hong Kong office and Chair of the China Practice Group of McMillan, is honoured to be a panel speaker and to exchange views with TSX, RBC and mining companies at the CHINA MINING conference on November 4, 2012, hosted by the Ministry of Land & Resources and the Tianjin Municipal Government.

Stephen's practice is focused on securities and corporate matters (both domestically and internationally), together with mining matters, including acquisition, joint venture and property option agreements involving both Canada and Asia-based clients. He is listed in Chambers and Partners: Chambers Global - The World's Leading Lawyers for Business 2012 Clients Guide (Corporate/M&A, Corporate/M&A Foreign Experts and Corporate/M&A Experts Based Abroad).

Session Details
Date: November 4 (Sunday)
Time: 4:00 pm - 5:30 pm
Venue: Tianjin Meijiang Convention Center, No.18 Youyi South Road, Tianjin, China
Room: N215/N217/N219

Session: Mining Finance and Capital Market (2) - Panel Discussion Session
McMillan has been providing legal advice to the Canadian and international mining and natural resource industry since the late 1920s. We have played a key role as Canadian companies have become world leaders in mining activity and financing. We have extensive experience in mineral industry issues through all stages of exploration, development and production (including the purchase and sale of mines and mineral products) and related environment issues (including mine closure). We act on behalf of a wide range of public and private companies, including junior exploration companies, intermediate and senior producers, financial institutions and investment dealers involved in financing production and exploration.

Our China practice group has the knowledge and skills to provide cross-cultural transactional advice and services to China-based clients seeking financing or investing in Canada. Our legal professionals have many years experience advising on China in-bound and out-bound transactions across a variety of industries. We have representative experience in mining areas acting for clients such as Citigroup Bank of China International, Selwyn Resources Ltd . We have established a Hong Kong office to provide greater access to our Canadian legal expertise.

For further information:
Should you have any enquiries regarding how we can add value to your company or for information on this presentation topic , please contact Ms Annie Lin Tao, Strategic Advisor at
852 3101 0213 or hk.info@mcmillan.ca.

About McMillan LLP

McMillan is a leading Canadian business law firm committed to client service and professional excellence for over 100 years. With recognised expertise and acknowledged leadership in major business sectors, McMillan provides definitive Canadian legal advice to businesses, financial institutions, governments and private individuals in Canada, the United States and internationally. McMillan has offices in Vancouver, Calgary, Toronto, Ottawa, Montréal and Hong Kong. McMillan stands as a truly modern and ambitious law firm with enhanced scope, deeper bench strength and a broad range of expertise offering effective, innovative solutions to Canadian and international clients.

China Mining
T: +86-10-64466855
F: +86-10-64465825
E: info@china-mining.org
WWW: www.china-mining.org

SNL Financial Acquires Metals Economics Group (MEG), a Leading Provider of Global Mining Industry Information and Analysis

newsroom@abnnewswire.net — Fri, 26 Oct 2012 12:19:35 GMT

SNL Financial today announces the acquisition of Halifax, Nova Scotia-based Metals Economics Group (MEG), a leading provider of global mining industry information and analysis. MEG enjoys a reputation for high-quality asset-level information and a robust data history extending back more than 30 years. This acquisition marks SNL's entry into a fifth distinct vertical market, and represents the company's first such expansion since the launch of its Media & Communications coverage in 2007.

"We're thrilled to enter the metals and mining market via the acquisition of MEG, a company that shares our core values around data quality and deep subject matter expertise," said Mike Chinn, SNL President and CEO. "While this is SNL's largest acquisition to date, we see MEG as simply the starting point for our investment in the metals and mining sector. We intend to expand MEG's already excellent project coverage by adding content consistent with SNL's 'single source' information platform philosophy for our clients."

The company's new division, SNL Metals Economics Group, currently covers thousands of global mining projects from early exploration through production, providing detailed, critical company and asset-level data. Project and company information as well as existing in-depth research studies and services will in time become integrated and available through SNL's online product platform. MEG's annual Corporate Exploration Strategies, the definitive source for information on worldwide mining company exploration budgets by company, commodity and geography, ultimately will be integrated into the platform, too. SNL Metals Economics Group will complete detailed coverage of all major minerals projects by adding manganese and bauxite in the coming year.

"Our information has always been accepted as the highest quality supply pipeline data available in the industry, and we are excited by the rich opportunities presented by SNL to quickly improve our functionality and the depth and breadth of our coverage," said Michael Chender, founder and CEO of Metals Economics Group. "We are delighted that our clients will also benefit from SNL's dedication to the highest standards of quality, accuracy, and customer support."

Stewart McKelvey and Dennis Rooker, PC served as legal advisors to SNL. Atwood Capital Partners served as financial adviser to Metals Economics Group, with McInnes Cooper as legal adviser. Terms of the transaction were not disclosed.

For more information on SNL Metals Economics Group services visit http;://www.snlmetalseconomics.com

About SNL Financial SNL Financial is a leading provider of financial information on more than 3,300 public companies and 50,000 private companies in the business sectors critical to the global economy: Banking, Financial Services, Insurance, Real Estate, Energy and Media & Communications. The SNL information service integrates breaking news, comprehensive data and expert analysis into an electronic database available online and updated around the clock. For more information, visit www.snl.com.

SNL Metals Economics Group
EMAIL: sales@snl.com
TEL: +1-902-429-2880?
WEB: www.snlmetalseconomics.com

CHINA MINING 2012 Program Has Been Published

newsroom@abnnewswire.net — Wed, 24 Oct 2012 14:19:05 GMT

The CHINA MINING Organizing Committee is glad to announce that the conference program at CHINA MINING 2012 has been published.

Up to now, more than 400 exhibitors and more than 5000 delegates from 50 courtiers and regions have been confirmed to attend.

Under the theme of "Join Hands to Meet Challenges and Promote Sustainable Development" five keynote sessions and more than 40 breakout sessions take place featuring more than 200 speakers.

Keynote Speakers and Topics on November 4 include:
- - Roderick G. Eggert, Professor and Director of the Division of Economics and Business, Colorado School of Mines: Economic Perspectives on Global Mineral and Metal Markets
- - Ba Shusong, Vice President, Development Research Center of the State Council & Chief Economist, China Banking Association: Trends of China's economic form and financial policies
- - Murtaza Syed, Resident Representative in China, International Monetary Fund: China and the Global Economy
- - Cao Yuanzheng, Chief Economist, Bank of China: Macro Economy

Keynote Speakers during the Mining Ministers & Mining Development Forum on November 5 include 25 foreign (Vice-) Ministers as well as 15 representatives from leading Chinese mining companies and international financial institutions, incl.
- - The Hon. Davaajav Gankhuyag, Minister of Mines, Mongolia
- - The Hon. Nurlan Sauranbayev, Vice Minister, Ministry of Industry and New Technologies of the Republic of Kazakhstan
- - The Hon. Byron James Chan. MP, Minister for Mining, Papua New Guinea
- - The Hon. Ms. Susan Shabangu, MP, Minister of Department of Mineral Resources of the Republic of South Africa
- - The Hon. Jorge Merino Tafur, Minister of Energy & Mines, Peru
- - The Hon. Christopher Yaluma, Minister of Mines, Energy and Water Conservancy Development, Zambia
- - The Hon. Jorge Omar Mayoral, Secretary of Argentina Mining, Federal Ministry of Public Investment Planning and Services of Argentina
- - Zhou Zhongshu, President, China Minmetals Corporation
- - Wang Jianhua, Chairman, Shandong Gold Group Co., Ltd.
- - Zou Ling. Actual Controller, Tianjin ZRHL Group Ltd.
- - Richard Horrocks-Taylor, European Head of Mining and Metals, RBC Capital Markets
- - Han Jianguo, A Member of the CPC Leading Group, Vice President, Shenhua Group Corporation Limited
- - Song Xin, Vice General Manager, China National Gold Group Corporation
- - Luo Tao, President, China Nonferrous Metal Mining (Group) Co., Ltd.
- - Li Tong, CEO, BOC International Holdings Limited
- - Xiong Weiping, President, Aluminum Corporation of China (CHINALCO)
- - Qi Ming, Vice General Manager, Yunnan Metallurgical Group Co., Ltd.
- - Zhang Youxi, Chairman of Board & Party Secretary, Datong Coal Mine Group Co., Ltd.
- - Lu Dongshang, Chairman, Shandong Zhaojin Group Co., Ltd. Zhaojin Mining Industry Co., Ltd.
- - Qiu Xiaohua, Vice Chairman, Zijin Mining Group Co., Ltd.
- - Craig Bond, Chief Executive, Standard Bank Asia

Special Feature at CHINA MINING 2012: Forums during the registration day on November 3:
- - China's Private Mining Outbound Investment Forum
- - Mining Procurement China - Round Table
- - Mining Technology and Equipment
- - Mining in Brazil
- - Mining in Russia & Central Asia
- - Chinese Private Enterprises Cross-Border Financing Round Table

To see the full program please visit
http://www.china-mining.org/en/Program_3en.aspx

Ensure your seat by registering today via http://www.china-mining.org/en/delegate_registration.aspx

Contact
Tel: +86-10-6446-6855
Fax: +86-10-5885-7006
Fax: +86-10-6446-5825
Email: info@china-mining.org

MAXAM Debuts In The Chinese Market

newsroom@abnnewswire.net — Wed, 17 Oct 2012 07:20:10 GMT

MAXAM will be exhibiting at the 14th China Mining Conference and Exhibition 2012 (stand 3122 and 3123).

This leading international company's strengths lie in its full line of explosives products and services, its strong global logistics network, state-of-the-art manufacturing and distribution facilities, all of which is backed by continuous R&D innovations.

MAXAM, a global leading company within the civil explosives industry, will begin operating in the Chinese market next year with the inauguration of its new site in Lao Qiuyu (Shandong Province).

At Shandong, MAXAM will manufacture and commercialize civil explosives and initiation systems for China's mining, quarrying and infrastructure construction sectors.

The project, with an investment of 70 MEUR, is a joint venture that involves two local partners and the support of the Chinese authorities at a state, provincial, regional and municipal level.

With its entrance in China, MAXAM consolidates its presence in Asia where, throughout numerous years, it has already held a strong position in the neighboring states of Uzbekistan, Kazakhstan and Mongolia.

MAXAM's growth strategy is based upon:

- A global approach and experience that will provide its Shandong facility with the technologies it requires, making China a key market for MAXAM operations in Asia and the Pacific region.

- State-of-the-art manufacturing facilities, managed under MAXAM corporate policies (safety, quality, environment, technology, security ), ensuring the excellence not only of MAXAM's products, but of the company at large.

- Technological independence achieved thanks to continuous R&D; the products manufactured at Shandong have been developed internally by MAXAM.

MAXAM
http://www.maxam.net

MAXAM is a service and industrial group that operates on a global scale by developing, manufacturing and commercializing civil explosives and initiation systems for mining, quarries and construction; cartridges, shotgun shells and smokeless powder for hunting and sports use; and products for the defense industry. Additionally, MAXAM is a supplier of key raw materials for nitro chemical activity, generated for the company's own internal needs as well as for sales to third parties. Finally, as a result of its drive towards innovative, sustainable development, MAXAM offers its clients a wide variety of solutions in the fields of safety and environmental conservation.

Founded by Alfred Nobel in 1872, MAXAM celebrates its 140th birthday in 2012 with a yearly turnover of approximately one billion euros and a presence in all of the major mining areas of the world, with production sites in over 40 countries, an active market presence in more than 100 others, and over 6000 employees spread across five continents.

MAXAM offers a complete range of products and services to the companies and markets where it operates and integrates safe, superior quality and high technology products with the most complete technical advice, contributing to the continuous improvement of the services given to its clients. The company's vast international presence, respect for the environment, groundbreaking research and considerable philanthropic efforts demonstrate MAXAM's status as a leading, active and committed company, engaged in the progress and development of the society and the environment that surrounds it.

Veronica Vinelli
Chief Representative Beijing Representative Office
MaxamCorp International, S.L.
MAXAM
E: vvinelli@maxam.net

CHINA MINING 2012: Join Hands to Meet Challenges and Promote Sustainable Development

newsroom@abnnewswire.net — Tue, 11 Sept 2012 03:54:51 GMT

CHINA MINING Conference and Exhibition, the 14th edition of the largest mining event in Asia hosted by China Ministry of Land & Resources, will be held in Tianjin on November 3-6, 2012.

As one of the world's largest mineral investment, cooperation and trading platforms, CHINA MINING covers the whole value chain, including geological surveying, exploration development, mining rights trading, mining investment & financing, smelting & processing, technique & equipment, mining services, mineral trading and many more. CHINA MINING plays a critical role in creating more communication and co-operation opportunities for domestic and international industry communities.

Every year, more than 5000 delegates from 60 countries and regions are gathering together to discuss hot topics and concerns of the industry. The theme of the event is reflecting concerns of the participants and describes the future planning of Chinese government.

Two months before the event will start, the theme is published as: Join Hands to Meet Challenges and Promote Sustainable Development. The theme emphasizes the cooperation efforts of Chinese authorities with the international community and also the efforts of mining sustainability in China. All these will bring business opportunities between Chinese and international companies.

Complying with the theme, there are five keynote sessions arranged for the discussion on mining development. The senior economist from International Monetary Fund and Chinese institutions as well as the mining CEOs will present in these sessions. There are more than 40 breakout sessions arranged during the event following the streams of Policies & Financing, Prospecting Exploration & Mining, Commodities, Country Investment and Mining Sustainability.

According to CHINA MINING Organizing Committee, although the economy downturn also reflects to the mining industry, there will be more than 5000 delegates and 400 exhibiting companies attending the event looking for business opportunities. More than twenty governments confirmed to organize big delegations, and ten of them will have promotion workshops at CHINA MINING. There are almost thirty well-known companies sponsoring this year's event, including nearly all the Chinese big mining and smelting companies.

To find your business opportunities at CHINA MINING 2012, you can attend as Delegate, Exhibitor and Event Speaker and Sponsor. The early bird rate for Delegate registration will expire on September 15, 2012. To enjoy your early bird rate please register online at:
http://www.china-mining.org/en.

CHINA MINING Conference and Exhibition, an enhanced center of global mining communities with capital, technology, information and services welcomes you for your future business planning.

CHINA MINING 2012 Announces Preliminary Agenda for the Conference and Exhibition

newsroom@abnnewswire.net — Fri, 13 July 2012 17:48:04 GMT

The CHINA MINING Organizing Committee is delighted to announce that the preliminary agenda for CHINA MINING 2012 Conference and Exhibition has been released.

Investment - Cooperation - Trade
CHINA MINING features more than 30 breakout sessions and keynotes to boost investment, cooperation and trade amongst the global mining industry and China.
Keynotes will feature leading mining industry representatives, economists, financial analysts, researchers and academics as well as high-ranking officials from China and abroad discussing the current status and outlook of the global mining industry, financial turbulences, strategies & trends for mining development.

During the 2012 Mining Ministers' Forum, Foreign Mining Ministers/Vice Ministers and directors discuss the global mining development trends and strategies for the global market place.

Up to 5 parallel streams are covering the whole mining value chain. Main topics include:

Summits
- Opening Ceremony
- Mining Ministers Forum
- Mining Development Forum

Policies & Financing
- China's Private Mining Industry
- Mining Finance and Capital Market
- Mining Rights - Regulations and Policies in China
- Strategic Plan for Mineral Prospecting & Exploration in China
- China Outbound Mining Investment

Prospecting, Exploration & Mining
- China Geological Survey
- Global Mining Exploration Trends
- Supply and Demand of Key Minerals
- Geological Prospecting, Scientific and Technical Innovation
- Status and Policy of Comprehensive Utilization of Mineral Resources

Commodities
- Iron Ore
- Precious Metals
- Base Metals
- Uranium
- Other Metals and Non-Metals

Country Investment/Trade
- Mining in Brazil
- Mining in Russia & Central Asia
- Mining in Canada
- Mining in Australia
- Mining in Greenland
- Mining in Argentina
- Mining in Peru
- Mining in Africa
- Minerals Trading in Germany/China

Mining Sustainability
- Corporate Social Responsibility
- Harmonious Mining Community
- Green Mine Construction
- Mine Environment & Mine Park

For available presentations, please contact the Organizing Committee at conference@china-mining.org

CHINA MINING 2012 Exhibition

After the overwhelming success of last year's show, CHINA MINING 2012 extended the time for the exhibition. CHINA MINING 2012 is opening in the afternoon of November 3 and lasts until November 6, 2012.

The exhibition space has expanded to host more than 400 booths, incl. country pavilions of leading mining countries as Canada, Australia, Peru, Argentina, Greenland and others.

More than 70% of the exhibition has been sold already. Available booths can be booked at:
http://www.china-mining.org/en/floor_plan.aspx

The CHINA MINING equipment show is now in its 7th year and for the third year it is a special show taking place concurrent with the general exhibition of CHINA MINING. The space for technology and equipment has tripled its numbers by 2011 and reached 10,000 sqm in an outdoor and indoor space.

For more information about CHINA MINING Conference and Exhibition, please visit online at www.china-mining.org/en or email us at info@china-mining.org.

CHINA MINING Management Team
Tel: +86-10-64466855
Fax: +86-10-58857006

Inditex (MCE:ITX) Expansion Continues Strong, With 2011 Net Sales Rising 10%

newsroom@abnnewswire.net — Wed, 30 May 2012 05:21:48 GMT

(Global Fashion Wire) - The Inditex Group's (MCE:ITX) net sales (1 February 2011 to 31 January 2012) rose by 10% in 2011 from 2010 to 13.8 billion euros. Net sales increased in all geographic areas (Spain, the rest of Europe, the Americas, Asia and the rest of the world). Net income totalled 1.9 billion euros, an increase of 12% from 2010. Net sales in local currencies rose by 11%, while like-for-like store sales climbed by 4%.

The Groups expansion strategy has created a further 9,374 new jobs in 2011, through the opening of 483 stores in 49 markets including 5 new markets: Australia, Taiwan, Azerbaijan, South Africa and Peru - increasing its total workforce to 109,512.

Inditex's expansion in Asian markets consisted of 132 store openings throughout China, inclusive of 30 new Zara locations. Two Inditex concepts, Oysho and Zara home, were also opened in China during 2011 - with 17 Oysho and 5 Zara home stores, bringing the complete number of Inditex stores there to 275.

Japan and Korea, saw 15 and 13 new stores, respectively, introducing the first Bershka locations within both markets as well as the first Pull&Bear and Stradivarius stores to open in South Korea.

Inditex have also announced it intends to launch an online store with Zara to begin offering its fashions online in China during next winter season, extending its e-commerce business to one of the fastest-growing markets for Inditex concepts. The Group continued to develop its Internet sales platforms in 2011, and by September 2011 all of its formats had online stores. By the end of the year, Inditex retailers had e-stores in 18 European countries. Zara's online shop also began welcoming customers in the US and Japan.

As for its continuing expansion strategies into 2012, Inditex plans to increase total number of stores between 480 and 520 new establishments. Among these included a Zara store opening during early May in New York City, on the corner of Fifth Avenue and 52nd Street, which boasts 3,500 square metres and is now a worldwide flagship for the brand.

For more information regarding Inditex press release, and further information regarding its European operations, please click the link below: http://www.inditex.com/en/press/press_releases/extend/00000911.

Communication and Institutional Relations Corporate Division
Edificio Inditex 
Tel: +34-981-185-400
Fax: +34-981-185-544 
Email: comunicacion@inditex.com
http://www.inditex.com

Yahoo! (NASDAQ:YHOO) and Alibaba Reach Agreement on Comprehensive Plan for Alibaba Stake

newsroom@abnnewswire.net — Mon, 21 May 2012 11:45:52 GMT

Yahoo! Inc. (NASDAQ:YHOO) and Alibaba Group Holding Limited today announced they have entered into a definitive agreement for a staged and comprehensive value realization plan for Yahoo!'s stake in Alibaba.

The first step is the repurchase by Alibaba of up to one-half of Yahoo!'s stake, or approximately 20% of Alibaba's fully-diluted shares. The purchase price will be based on a valuation of Alibaba to be established through equity financings that Alibaba intends to undertake to finance the transaction, subject to a floor valuation of approximately US$35 billion. The agreement includes substantial financial incentives for Alibaba to raise the additional equity at a valuation higher than US$35 billion. At the minimum price and assuming the initial repurchase of the full 20% stake, Yahoo! would receive from Alibaba consideration of approximately US$7.1 billion, composed of at least US$6.3 billion in cash proceeds and up to US$800 million in newly-issued Alibaba preferred stock.

The agreement also establishes a framework for Yahoo! to monetize its remaining interest in Alibaba in stages. First, at the time of an initial public offering (IPO) of Alibaba in the future, Alibaba will be required either to repurchase one-quarter of Yahoo!'s current stake at the IPO price or allow Yahoo! to sell those shares in the IPO. Second, following such an IPO, Yahoo! has registration rights and rights to marketing support from Alibaba to enable Yahoo! to dispose of its remaining shares, at times of Yahoo!'s choosing following a customary lock-up period.

This agreement is a result of extensive discussions between the two parties and a comprehensive review of both taxable and tax-efficient alternatives. Yahoo! and Alibaba believe this agreement to be the best path to align incentives and maximize value for shareholders of both companies and it paves the way for Alibaba to achieve future public market liquidity for all of Alibaba's shareholders. For Yahoo!, the agreement provides for a staged exit over time, balancing near-term liquidity and return of cash to shareholders with the opportunity to participate in future value appreciation of Alibaba.

"Today's agreement provides clarity for our shareholders on a substantial component of Yahoo!'s value and reaffirms the significance of our relationship with Alibaba," said Ross Levinsohn, Interim CEO of Yahoo!. "We look forward to continued collaboration with the Alibaba team on business initiatives as we explore joint opportunities for growth and benefit from Alibaba's future. I want to thank Jack Ma, Joe Tsai and the Alibaba team, as well as Tim Morse, Michael Callahan and our Yahoo! team for their dedication in achieving this successful outcome."

"This transaction opens a new chapter in our relationship with Yahoo!," said Jack Ma, Chairman and Chief Executive Officer of Alibaba Group. "I look forward to working with Ross Levinsohn and the Yahoo! team as Alibaba builds China's leading e-commerce company. Yahoo!'s global audience reach will provide attractive partnership opportunities for Alibaba to explore markets outside of China. The transaction will establish a balanced ownership structure that enables Alibaba to take our business to the next level as a public company in the future."

"We look forward to delivering the proceeds of the near-term transaction to our shareholders, and to the further enhancement of value and the additional monetization in the future that this agreement enables," said Timothy R. Morse, Executive Vice President and Chief Financial Officer of Yahoo!

In addition to the share repurchase, the companies have also agreed to amend their existing technology and intellectual property licensing agreement. Among other things, this amendment will result in Yahoo! granting Alibaba a transitional license to continue to operate Yahoo! China under the Yahoo! brand for up to four years, while restrictions on Yahoo!'s ability to make other investments in China will be terminated. Alibaba will make an upfront lump sum royalty payment of US$550 million to Yahoo! and continuing royalty payments for up to four years. In addition, Alibaba will license certain patents to Yahoo!. Upon closing of the repurchase transaction, the Alibaba shareholders' agreement will be amended so that the parties' respective rights will be commensurate with the parties' post-closing level of ownership in Alibaba. Yahoo! will continue to be represented on Alibaba's board of directors with the right to appoint one of four existing directors.

Yahoo! intends to return substantially all of the after-tax cash proceeds to shareholders following the closing of the transaction. While the form of the return of capital to shareholders has not yet been finalized, Yahoo!'s board has increased Yahoo!'s share buyback authorization by US $5 billion concurrently with this transaction.

The transaction is subject to customary closing conditions. Alibaba will be required to close the repurchase with respect to at least one-quarter of Yahoo!'s current stake in Alibaba regardless of the amount of financing raised, and up to one-half of Yahoo!'s current stake if it obtains the requisite financing. Alibaba intends to finance the repurchase through a combination of its own cash resources, debt, equity and equity-linked financing. The transaction is expected to close within approximately six months.

UBS Investment Bank acted as lead financial advisor to Yahoo! and Allen & Company LLC and Goldman Sachs & Co. also served as financial advisors. Skadden, Arps, Slate, Meagher & Flom LLP acted as lead legal counsel to Yahoo! and Weil, Gotshal & Manges LLP also acted as legal counsel. Munger, Tolles, & Olson LLP acted as legal counsel to the Yahoo! Board of Directors. Credit Suisse acted as lead financial advisor to Alibaba and Wachtell, Lipton, Rosen & Katz acted as lead legal counsel to Alibaba. Freshfields Bruckhaus Deringer LLP acted as counsel to Alibaba on certain financing and Hong Kong legal matters and Fenwick & West LLP acted as counsel to Alibaba on intellectual property matters.

Conference Call and Webcast Information

Yahoo! will host a conference call to discuss today's announcement at 5:45 a.m. Pacific Time / 8:45 a.m. Eastern Time Monday, May 21, 2012. A live webcast of the conference call, together with a supplemental presentation concerning the transaction, can be accessed through the Company's Investor Relations website at:
http://investor.yahoo.net/

The dial-in number for the live conference call is (866) 659-9165. Participants calling from outside the United States may dial (617) 399-5178. The passcode 73540611# is required to access the call. In addition, an archive of the webcast can be accessed through the same link. An audio replay of the call will be available for one week following the conference call by calling (888) 286-8010 or (617) 801-6888, passcode: 35326266.

About Yahoo!
Yahoo! is the premier digital media company, creating deeply personal digital experiences that keep more than half a billion people connected to what matters most to them, across devices and around the globe. And Yahoo!'s unique combination of Science + Art + Scale connects advertisers to the consumers who build their businesses. Yahoo! is headquartered in Sunnyvale, California. For more information, visit the pressroom (pressroom.yahoo.net ) or the company's blog, Yodel Anecdotal (yodel.yahoo.com ).

About Alibaba Group

Alibaba Group is a leading e-commerce company based in China. Since it was founded in 1999, Alibaba Group has grown to include the following core businesses: Alibaba.com(HKSE: 1688; 1688.HK), Alibaba Group's flagship company and a global e-commerce platform for small businesses; Taobao Marketplace, China's leading C2C online shopping destination; Tmall.com, a popular B2C online marketplace in China for quality, brand name goods; eTao, a comprehensive shopping search engine; Alibaba Cloud Computing, a developer of advanced distributed cloud computing services; and China Yahoo!, one of China's leading Internet portals. Alipay, a leading third-party online payment service in China, is an affiliate of Alibaba Group.

Forward-Looking Statements

This press release contains forward-looking statements (including in the quotations in this press release) concerning the agreement entered into by Yahoo! with Alibaba Group Holding Limited, including, without limitation, statements about the expected timing of closing of the transactions contemplated by the agreement, the ability of Yahoo! to monetize its holdings in Alibaba in both the near-term and in the future, potential future actions by Yahoo! and Alibaba concerning future business initiatives between Yahoo! and Alibaba and the potential for an initial public offering of Alibaba shares, and other expected benefits of the agreement and related agreements. Risks and uncertainties may cause actual results and benefits of the transactions contemplated by the agreement and related agreements to differ materially from management expectations. The potential risks and uncertainties include, among others, the failure to consummate or delays in consummating the transactions contemplated by the agreement; uncertainty regarding the future valuation of Alibaba; uncertainty regarding the financing of the transactions; uncertainty regarding if and when there will be an initial public offering of Alibaba shares; uncertainty regarding any future business initiatives with Alibaba; general economic and market conditions; and the possibility that some or all of the expected benefits of the agreement and related agreements may not be realized. All information set forth in this press release is as of May 20, 2012. Yahoo! does not intend, and undertakes no duty, to update this information to reflect subsequent events or circumstances. More information about potential factors that could affect Yahoo!'s business and financial results is included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Yahoo!'s Annual Report on Form 10-K for the fiscal year ended December 31, 2011, as amended, and Quarterly Report on Form 10-Q for the quarter ended March 31, 2012, which are on file with the Securities and Exchange Commission ("SEC") and available at the SEC's website at www.sec.gov.

Yahoo! is the trademark and/or registered trademark of Yahoo! Inc. All other names are trademarks and/or registered trademarks of their respective owner.

Yahoo! Media Relations Contact: 
Dana Lengkeek
(408) 349-1130 
danal@yahoo-inc.com

Yahoo! Investor Relations Contact:
Joon Huh
(408) 349-3382
jhuh@yahoo-inc.com


Charles Sipkins
Sard Verbinnen & Co
(310) 201-2040
csipkins@sardverb.com


Alibaba Group Contact:
International - John Spelich
Alibaba Group
+852 9017-7444
johnspelich@hk.alibaba-inc.com

U.S. - Paul Kranhold/Jenny Gore
Sard Verbinnen & Co
(415) 618-8750
pkranhold@sardverb.com
jgore@sardverb.com

Fashioning Our Industry: May 31st Keynote Breakfast With The Gilt Groupe Founders

newsroom@abnnewswire.net — Sat, 19 May 2012 05:00:30 GMT

(Global Fashion Wire) - Fashioning Our Industry announces a keynote breakfast with Alexis Maybank and Alexandra Wilkis Wilson, the founders of Gilt Groupe. This event is the first in a series of keynote breakfasts produced by Fashioning Our Industry to bring together successful fashion entrepreneurs. The breakfast is May 31st at the AmericanAirlines/One World Headquarters at 8:00 AM and features a keynote address on their experience founding Gilt and strategies for creating a successful e-commerce business. The event includes a free copy of Maybank and Wilson's new book, By Invitation Only, book signing, and networking.

RSVP at http://giltgroupekeynote.eventbrite.com.

Additional copies of By Invitation Only will be available for purchase at the event. For every book sold, Gilt Groupe will make a donation to the Fashioning Our Industry scholarship fund, which benefits emerging designers and students pursuing careers in fashion, business, and law. Additional donations to the scholarship fund may be made at Scholarship Donation Page (donations are not tax deductible and 100% of contributions go towards the scholarships).

The event is hosted and sponsored by American Airlines. Other sponsors include Loeb and Loeb, LLP, Kaptive, Global Fashion Wire, and Commonwealth Limousines. Learn more about the sponsors at www.nycfashionconference.com/sponsors.

The next keynote breakfast will be announced in mid-June.

To learn more about Fashioning Our Industry, visit: http://www.nycfashionconference.com

Follow on Twitter at @NYCFshnIndustry, or like on Facebook at: http://www.facebook.com/nycfashionconference.

About Fashioning Our Industry

Fashioning Our Industry was founded with the goal of bringing together entrepreneurs and other professionals in fashion, law, marketing and branding, and fashion to discuss trends and possibilities for the fashion industry in New York City. Industry professionals, branding and technology experts, lawyers, financiers, designers, and entrepreneurs attended the inaugural conference in February, 2012, which consisted of short keynote presentations and panel discussions on topics relevant to the fashion industry. The conference was sponsored by Volunteer Lawyers for the Arts, Women in Business, Nolcha Fashion Week, OS Fashion, and Fashion Mannuscript.

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World Fashion Week (WFW) Pre-Events Series To Kick-Off at The Historic 1st Edition Savoir Faire Perth Fashion Week, Australia

newsroom@abnnewswire.net — Thu, 5 Apr 2012 13:39:43 GMT

(Global Fashion Wire) - As a prelude to the Inaugural Ceremony - Ist. Annual World Fashion Week (WFW) to be held in New York City in fall 2013, and as part of the WFW Pre-Events Series, Perth, Western Australia, will welcome leading WFW nominated fashion designers from Europe, Africa, Middle East and Latin America, advocating for a fair and sustainable global fashion industry.

April 19th to 23rd 2012 will see Perth come alive with an array of West Australian and leading international designers showcasing their Spring/Summer 2012/2013 collections at WA's first ever fashion trade event; Savoir Faire Perth Fashion Week.

During Savior Faire Perth Fashion Week and for the first time in Australian fashion history, the launch of "Dreamtime" will showcase Western Australia indigenous designers. Savoir Faire Perth Fashion Week will set up a program for indigenous artists, textile artists and designers that will provide the tools and the platform for indigenous creatives to gain recognition in an international arena.

"Showcasing our indigenous designers will create awareness, will empower and have a positive affect in the community. We will guide indigenous creatives and provide all the tools from business through to design to help them create their own sustainable business on an international level," said Ms. Sylvia Giacci, SF PFW Director.

In addition to the much anticipated Savior Faire Perth Fashion Week, a group of outstanding international couturiers, nominated and summoned by WFW, will officially represent their countries: The Netherlands by Addy Van Der Krommenacker, United Arab Emirates by Furne One, Argentina by Gabriel Lage, Austria by Thang De Hoo, Cameroon by Blaz Designs, and South Africa by Hendrik Vermeulen.

"We are honored to join forces with Savior Faire Perth Fashion Week in Australia, encouraging the expansion of world fashion while promoting international fashion business relationships and understanding, with the principles of fair trade and social development. It will be remarkable to witness Australian indigenous creations on the runway" said Mr. Paco De Jaimes, President of WFW. "WFW works to expand the potential power of fashion; as a tool for poverty eradication, women empowerment, economy development, and Corporate Social Responsibility within the global fashion and textile industries" Mr. De Jaimes concludes.

For more information on World Fashion Week, visit: http://www.worldfashionweek.tv

About World Fashion Week (WFW)

WFW is the global voice of Fashion, an "Olympic Style" platform for the local fashion industries around the World, which provides them with a forum for exposure and recognition. Its major role is to contribute to the harmonious growth and development of the global fashion industry and work towards a greater good, harnessing and supporting relationships to keep the global fashion industry sustainable and fair.

The Inaugural Ceremony - 1st. Annual World Fashion Week will be officially hosted in the City of New York, USA, in Fall 2013.

WFW promises to be one of the most anticipated and global trade events of the XXIst. century, leaving a sustainable legacy to the world's next generations.

About Perth Fashion Week (PFW)

Savoir Faire PFW's mission is to "empower the local West Australian fashion community by creating ever growing business opportunities through events that connect people, encourage individuality and nurture creativity. Savoir Faire Perth Fashion Week 2012 will be a dynamic event, attracting a wide range of international buyers, media, designers, models and the fashion savvy eager to see W.A talent. The 5-day schedule will create an interactive and dynamic environment - creating priceless opportunities furthering local and international fashion industry.

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