Public Invitation for participation in public auction process that will take place on 22.06.2006., in Belgrade

In accordance with Article 38 of the Law on Privatization ("Official Gazette of RS", no-s. 38/01, 18/03 and 45/05), and Article 5 of the Decree оn Sale of capital and property by public auction ("Official Gazette of RS" no. 52/05),
the Privatization Agency announces:



The Privatization Agency, within joint offer, offers for sale 70,00 % of socially-owned capital of the subject to be privatized, which amounts to 68,91 % of the entire capital and 100,00% of share of the FOND ZA RAZVOJ RS, BELGRADE (DEVELOPMENT FUND of the RS), which amounts to 1,56 % of the total capital. Totally is offered for sale 70,47 % capital of the subject to be privatized. The share of the FOND ZA RAZVOJ RS, BELGRADE, in the subject capital, is offered for sale based upon the Power of Attorney delivered to the Privatization Agency.

1. Akcionarsko društvo INDUSTRIJA PRECIZNE MEHANIKE, BEOGRAD

Those who are interested can purchase auction documentation at the price of: CSD 40.000, after the receipt of invoice from the Privatization Agency. VAT is not calculated in the price. The purchase of the auction documentation is obligatory, and on its receipt one is to sign the Agreement on Keeping the Confidential Information. After the payment evidence has been submitted, the auction documentation can be collected at the following address:
Privatization Agency, Belgrade, 23 Теrazije St, 09:00 - 17:00 on working days, in period from 17.05.2006 until 13.06.2006.

CLOSING DATE FOR THE APPLICATION SUBMISSION IS 14.06.2006, until 17:00.

THE AUCTION SHALL BE HELD ON: 22 June 2006.



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