Municipality of Lugoj

Lugoj Bond Issue I

Total Loan Amount Lei 600,000
Financial Advisor VMB Partners SA
Loan Characteristics Bond issue
Contracting Date 2003
Bonds
Type of Bonds Municipal, registered, dematerialized
Intermediary BRD Securities SA
Selling Group Banca Romana pentru Dezvoltare – GSG
Issue Guarantee Own revenue
Regulated exchange where the issue is listed Bucharest Stock Exchange
Stock exchange symbol under which the bonds are traded LGJ05
Total bond Maturity 2 years
Interest Rate [(ROBID3M + ROBOR3M)/2]+2 % per year
Total number of bonds issued 6000
Nominal value at issue 100 Lei/bond
Selling Price 100 Lei/bond
Total Value Lei 600,000
Subscription Period 22.10.2003 – 04.11.2003
CNVM authorization of the Public Offer Prospectus Decision No 3472 of 10.10.2003
Investments made with the funds obtained from the loan Networks and thermal power plants refurbishment/replacement

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