Public Invitation For participation in the Public Bidding for Purchase of Shares of the Zastava vozila group and the Development Fund in the Company "Zastava Special Vehicles" LTD, Sombor

28. May 2007.

Sale code: R-280607-033p

According to the Decision of the Managing Board of the Joint-stock company for holding, consulting and management operations Grupa Zastava Vozila Kragujevac in restructuring ("Grupa Zastava Vozila") no. UO 24-1/06 dated 29 September 2006 and UO 4-1/07 dated 07 February 2007, the Contract on Power of Attorney no. II/1 285/07 closed on 28 February 2007 and Annex of the Contract on Power of Attorney no. II Cert.no. 879/07 closed on 24 May 2007 in Belgrade between Grupa Zastava Vozila as the Ordering Party and the Privatization Agency of the Republic of Serbia ("Аgency") as the Holder of Power of Attorney, the Decision of the Managing Board of the Development Fund of the Republic of Serbia ("Development Fund") no. 1043 dated 18 October 2006, the Contract on Power of Attorney no. II/1 Cert. no. 284/07 closed on 28 February 2007, Annex of the Contract on Power of Attorney no. II 250/07 closed on 01 March 2007 and Annex no. 2 of the Contract on Power of Attorney no II Cert.no. 881/07 closed on 24 May 2007 in Belgrade between the Development Fund as the Ordering Party and the Agency as the Holder of Power of Attorney, Privatization Agency of the Republic of Serbia announces:

PUBLIC INVITATION FOR PARTICIPATION IN THE PUBLIC BIDDING FOR PURCHASE OF SHARES OF THE ZASTAVA VOZILA GROUP AND THE DEVELOPMENT FUND IN THE COMPANY "ZASTAVA SPECIAL VEHICLES" LTD. SOMBOR

Sale code: R-280607-033p

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