Public Invitation for participation in public auction process that will take place on 11.06.2009., 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:

1. Joint-stock company INDUSTRIJA OBUĆE BEOGRAD – in restructuring, BELGRADE

The right to participate in public auction have:

А) Domestic or foreign legal entity which fulfills the following requirements:
1. It is registered for performing activities from the group G-19 – production of leather and leather goods, shoes.

B) Domestic or foreign individual
1. who is the owner of more than 50% of capital of a legal entity which fulfills the condition required for legal entities for participation in public auction, or
2. who is employed in the company registered for performing activities from the group of activities G-19: production of leather and leather goods, shoes.

C) Consortium
1. A consortium shall be deemed to fulfill requirements from this public invitation, if a member or members of consortium which cumulatively fulfill required conditions, participate in a consortium with at least 51% of total stake in the consortium.

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