OREANDA-NEWS. August 27, 2008. State Commission for conducting tenders on the sale of the state property to the foreign investors hereby announced on the basis of the Resolution of the President of the Republic of Uzbekistan №PP-672 as of July 20, 2007, public tender for the sale of the following state assets 8.85% shares of JSC “Namangan ekstract yog’”.

The Tender for JSC "Namangan ekstrakt yog'" is for the sale of 2 038 (two thousand thirteen eight) shares of common stock constituting the aggregate of 8.85% of the Enterprise's total issued shares.

Starting bidding price of the pack of shares is 275 900 (two hundred seventy five thousand nine hundred) US dollars. Investment obligations constitute 710 000 (seven hundred ten thousand) US dollars.

At that, the preference will be given to the tender participant ready to offer the highest bid for the 8.85% of shares of the Enterprise and undertake the highest volume of investment obligations.
JSC "Namangan ekstrakt yog" is located in Namangan region and was established in 1902. The main type of activity of the enterprise is production of deodorized and refined oil from cotton seed.

Investors interested in participating in the Tender must first submit a properly completed Application for participation and Confidentiality Statement, which should be sent along with brief information on the company.

The Tender Documentation package including Information Memorandum, Tender Rules, Bid Form can be obtained upon presenting to Enterprise Institution Building Bureau the filled in and signed Application and Confidentiality Statement along with the copy of the proof of payment made.

The price of the package of the bidding documents constitutes 100 (one hundred) US Dollars.

The payment for the package of the bidding documents should be made to either of the accounts stated below:

USD Account № 20203840500600289001

UZS Account № 20203000600600289001

in operational department of the "Ipak Yuli" JICB of the Republic of Uzbekistan

TIN 201122696, bank code 00444

S.W.I.F.T. code: INIPUZ22

The Bid submission deadline expires at 12:00 a.m. Tashkent time on the 28th of
October 2008.

Opening of the packages with Tender Bids will be held in the Meeting Hall of the State Property Committee of the Republic of Uzbekistan (5th floor) at 16:00 p.m. Tashkent time on the 28th of October 2008.

Tender participants or their authorized representatives, who would submit Tender Bids in accordance with established procedure, have the right to participate at the opening of the packages with Tender Bids.

For all issues related to the tender, please contact:

EIBB, Enterprise Institution Building Bureau

State Property Committee Bldg., room 15.01

Uzbekistanskaya Str., 55

100003 Tashkent, Uzbekistan