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News Release

2006 Asian Legal Business Southeast Asia Awards

June 2, 2006...Latham & Watkins was awarded the highest number of trophies, including the prestigious International Deal Firm of the Year for its outstanding client service and "ability to combine rigorous analysis with astute judgment to give clients a competitive edge."

Latham picked up an additional seven deal awards including: Southeast Asia M&A Deal of the Year for the P.T. Adaro Indonesia deal, recognized by the judges as one of the largest and most complex LBOs in the Asian market in recent history; Southeast Asia Deal of the Year for the high yield bond offering and concurrent senior credit facility by Adaro Finance B.V. ; Singapore M&A Deal of the Year for the firm's work on the landmark Colony Capital acquisition of the hotel business of Raffles Holdings Limited, with Latham acting on behalf of the lead arrangers; Equity Market Deal of the Year for the ICICI Bank Limited transaction; Debt Market Deal of the Year and Singapore Deal of the Year for the ground-breaking Chartered Semiconductor Manufacturing $925 million combined offering; and Singapore Insolvency and Restructuring Deal of the Year in connection with China Aviation Oil's restructuring and litigation outside Singapore. The Awards, in their second year, recognize excellence in the provision of legal services across the Southeast Asia region in 2005.

The judging panel considered deal value, complexity, innovative deal structure, the timeframe for completion and significance to the market in naming the winners of the deal categories.

About Latham & Watkins

Latham & Watkins is a global law firm with more than 1,800 attorneys in 22 offices, including Brussels, Chicago, Frankfurt, Hamburg, Hong Kong, London, Los Angeles, Milan, Moscow, Munich, New Jersey, New York, Northern Virginia, Orange County, Paris, San Diego, San Francisco, Shanghai, Silicon Valley, Singapore, Tokyo and Washington, D.C. For more information on Latham & Watkins, please visit the Web site at www.lw.com.

Notes to Editor

Latham & Watkins operates as a limited liability partnership worldwide with an affiliate in the United Kingdom and Italy, where the practice is conducted through an affiliated multinational partnership.

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