Amendments no. 1 to the public invitation for participation in the public tender for sale of 252,049 shares with CFI code: ЕSVUFR, ISIN number: RSKRMLE33593

02. November 2007.

Tender Code: KM 22/07

Pursuant to Article 28, Article 69 para 3, Article 70 and Article 72 of the Law on Privatization ("Official Gazette of the Republic of Serbia" Nos. 38/2001, 18/2003 and 45/2005), Article 9 of the Law on the Privatization Agency ("Official Gazette of the Republic of Serbia" Nos. 38/2001 and 135/049, as well as Articles 9 and 10 of the Law on the Share Fund ("Official Gazette of the Republic of Serbia" Nos. 38/2001 and 45/2005), and based on the authorization given in Clause 6 of the Public Invitation for participation in the public tender published in "Politika" daily newspaper on September 28, 2007 (hereinafter: Public Invitation), the Privatization Agency (hereinafter: "the Agency") hereby announces:

AMENDMENTS No. 1 TO THE PUBLIC INVITATION

for participation in the public tender for sale of 252,049 shares with CFI code: ЕSVUFR, ISIN number: RSKRMLE33593, with nominal value of 600 Dinars (hereinafter "Block of Shares"), of which 211,932 shares are owned by the Share Fund, and 40,117 shares are owned by PIO Fund, representing 62.82848% of the total capital of the company:


AD za proizvodnju gradjevinske keramike "Keramika", Mladenovac

(hereinafter: "Company")


Tender Code: KM 22/07
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Equity Fund

Socially owned company of ceramic constructive industry Keramika

Location:

Младеновац

Core activity:

Manufacture of ceramic sanitary fixtures

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Companies in Privatization

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Public invitation

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Companies in Control

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Companies in the Fund