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Pristina ( Kosovo

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PRESS RELEASE

FOR IMMEDIATE RELEASE 21st February 2006

First Liquidation Asset Sale “19 Nentori”.

Pristina – On 21st February 2006, the Kosovo Trust Agency (KTA) has held the Liquidation Asset Sale of “19 Nentori”. This was the first “Liquidation Asset Sale” of a Socially Owned Enterprise (SOE) through a liquidation asset sale only.

The “19 Nentori” property comprises of a shopping mall situated on a land plot of approximately 6,200 m2 in the centre of Gllogovc/Glogovac. It provides the potential investor with a number of opportunities in the retail, transportation, wholesale, and/or hospitality business.

The method of sale incorporates a simplified auction type asset sale through sealed bids. This method encourages fair competition and discourages collusion and hence yields higher sales revenue.

The KTA Pristina Region has notified potential bidders for the above sale of assets in the major Serbian and Albanian language newspapers and by advertising the sale through two local radio stations. A copy of the notification was also placed on the Municipal Board in the Municipality of Gllogovc/Glogovac.

20 bidders have pre-registered and 17 bidders placed a bid between 10:00 and 12:00. The Bids were opened and the results were posted, at the KTA main conference room, between 12:15 and 13:00.

The highest amount bid was €613,300, and the second highest bid was €555,999.99. One bid was rejected for documentary noncompliance.

The sale of the idle assets should benefit the community Gllogovc/Glogovac in terms of business and employment and the expected refurbishment of the dilapidated assets would improve the Gllogovc/Glogovac environment.

The 19 Nentori Liquidation Committee wishes the winner of the tender a successful utilisation of the acquired assets.

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