Attention investors!

They are creating more and more attracting conditions for investments to beginning and developing businesses based on Belarusian public property firms. Large opportunities can be found in the Brest Region.

The privatization is a step to boost the development of the companies that need investments, modern management and increase of the corporate administration culture.

The privatization or the sale of state-owned shares is done at open trades including tenders and auctions as the laws require.

The decision to sell is taken depending on the property type: the shares belonging to the nation are sold by a decision of the President of Belarus and the shares belonging to local communities are sold by a decision of the Brest Municipal or Regional Committee.

The initial price of a share stock is determined by its market value. The market value is determined on the first day of the first month of the quarter when the decision was made to estimate the shares (for the shares owned by a community) or to sell them to private companies (for the shares owned by the nation).

The winner of a tender apart from paying for the shares shall meet certain conditions set in the decision to sell the shares. Typically, it is the investment into the community development, increasing or maintaining the amount of jobs, salary level conditions, maintaining the activity profile unchanged (unless otherwise agreed with the seller). The shares being sold at a tender are blocked until the buyer fulfill the selling conditions.

The initial price of shares may be reduced by 20% after first tender or auction that brought no or unsatisfactory results and up to 50% after the second one with the same outcome. Shares can be sold to only one participant under its conditions (assumed the participant’s conditions shall comply with the tender conditions); if sold in an auction, they are sold at the initial price multiplied by 5%.

The information on share sale (published at least in 30 days before the day of the tender or auction) may be found at Brest Regional Committee site www.brest-region.gov.by, section entitled “Committee “Oblimushchestvo” / “Information for Entrepreneurs, Businessmen, Investors” / “Auctions/Tenders, announcements, contracts” (for the shares owned by a community) and at State Committee on the Property of Belarus site www.gki.gov.by, section “For Business” (for the shares owned by the nation) and in mass media.

We are ready to consider and discuss any constructive proposals for the acquisition of stocks of shares of joint-stock companies which charter fund that are partly state-owned.

Every years the Brest Region forms a list of joint-stock companies that are partly state-owned to sell their shares to investors. The information on the sizes of stocks and the information memoranda of the companies are posted at the website of the Brest Regional Executive Committee www.brest-region.gov.by, section “Committee “Oblimushchestvo” / “Information for Entrepreneurs, Businessmen, Investors”.

Today we are interested in the development of 9 such enterprises represented in this list. These are enterprises of industry, agriculture, trade and others.

STATE PROPERTY COMMITTEE

OF THE BREST REGIONAL EXECUTIVE COMMITTEE

(COMMITTEE “OBLIMUSHCHESTVO”)

224005, Brest Vulica Lenina, 11

phone + 375(162) 26 97 30 (reception/fax)

www.brest-region.gov.by

kgi@brest-region.gov.by

Chairman (room 411)

phone + 375(162) 26 97 20

Deputy Chairman and Head of Property Surveillance and Share Management (room 408)

тел. + 375(162) 26 97 22

kgi-akcia@brest-region.gov.by