Majority package of "Investprojekt" from Niš on Belgrade Stock Exchange on August 26

The Share Fund of Serbia has announced that 53.19% of stocks of company "Investprojekt" from Niš will be offered for sale on August 26th on the Belgrade Stock Exchange at the starting price of 525,000 RSD.

According to the web site of the Fund, www.share-fund.co.yu, the package of 1,750 stocks owned by the Share Fund will be offered for sale on the auction according to the method of minimum price, at the price of 300 RSD per stock.

Deadline for submission of applications for participation in the auction is August 21st and, according to the data provided by the Belgrade STock Exchange, there has been no trade in stocks of this company, which are present on the Stock Exchange since July 14, 2005.

According to the web site of the Belgrade Stock Exchange - www.belex.co.rs, the Share Fund already offered majority share in the capital of Niš-based "Investprojekt" on the auctions in April and May 2008 at the price of 1,000 and 500 RSD per stock.

It is stated on the web site of the Business REgistry Agency that Investprojekt registered loss in amount of 34.8m RSD and 3.2m RSD worth of incomes in 2007.

According to the data provided by the Central Securities Registry, the owners of capital of "Investprojekt" are the Share Fund of Serbia and the consortium that owns 24% of stocks, as well as minor stockholders who have total of 22.81% of stocks.