Timisoara Municipal Bond Issue III

Total loan value	150.000.000 RON
Financial advisor	VMB Partners SA
Loan features	Hybrid structure consisting of „Bridge Loan” prefinanced bond issue proceeds in 5 series
Issuing date	2006
Maturity	20 years
Notification of Local Loans Authorization Commission	Decision no. 374 / 22.06.2006
Bridge Loan
Value	30.000.000 RON
Time period	3 years
Grace period	3 years
Interest rate	ROBOR3M + margin
Financing bank	Banca Comerciala Romana
Municipal bonds
Bonds type	Municipal, nominative, dematerialized
Intermediary	BCR Securities SA
Broker	Banca Comerciala Romana
Collateral of bond issue	Own revenues
Regulated market where the bond issue is rated	Bucharest Stock Exchange
Bonds total maturity	20 years
Interest rate	(ROBID3M+ROBOR3M)/2 + 0,1 bps p.a.; EURIBOR3M + 0,15 bps p.a.
Total number of bond issues	1.500.000
Face value	100 RON
Trade value	100 RON
Total value	150.000.000 RON
Capital investments	Expanding gas, water, sewer, lighting networks in Timisoara. Improving, modernizing and capital repairs of the streets. Improving and expanding public interest buildings. Improving and repairing cultural and tourist spots in Timisoara.

Additional information on the public offer of the prospect of bond issue: Series 1 Series 2 Series 3 Series 4 Series 5 Here you can view the official page of city of Timisoara. Series 1:

Value of bond issue	30.000.000 RON
CNVM authorization of the public offer prospect	Decision no. 3537 / 12.12.2006
Maturity	20 years
Subscription period	21.12.2006 - 29.12.2006
Stock market symbol under which the bonds are tranzactioned	TIM26
Trade value	100 RON
Total value	30.000.000 RON

Series 2:

Value of bond issue	30.000.000 RON
CNVM authorization of the public offer prospect	Decision no. 887 / 07.06.2007
Maturity	19 years
Subscription period	20.06.2007 - 26.06.2007
Stock market symbol under which the bonds are tranzactioned	TIM26A
Trade value	100 RON
Total value	30.000.000 RON

Series 3:

Value of bond issue	30.000.000 RON
CNVM authorization of the public offer prospect	Decision no. 1551 / 10.12.2007
Maturity	19 years
Subscription period	20.12.2007 - 28.12.2007
Stock market symbol under which the bonds are tranzactioned	TIM26B
Trade value	100 RON
Total value	30.000.000 RON

Series 4:

Value of bond issue	30.000.000 RON
CNVM authorization of the public offer prospect	Decision no. 1245 / 10.06.2008
Maturity	18 years
Subscription period	23.06.2008 - 27.06.2008
Stock market symbol under which the bonds are tranzactioned	TIM26C
Trade value	100 RON
Total value	30.000.000 RON

Series 5:

Value of bond issue	30.000.000 RON
CNVM authorization of the public offer prospect	Decision no. 1841 - 15.09.2008
Maturity	17 years
Subscription period	25.09.2008 - 01.10.2008
Stock market symbol under which the bonds are tranzactioned	TIM26D
Trade value	100 RON
Total value	30.000.000 RON