Timisoara Bond Issue II

Total Loan Amount Lei 20,000,000
Financial Advisor VMB Partners SA
Loan Characteristics Bond issue
Contracting Date 2005
Obligations
Type of bonds Municipal, registered, dematerialized
Intermediary Raiffeisen Capital & Investment
Seling Group Raiffeisen Bank
Issue Guarantee Own revenue
Regulated exchange where the issue is listed Bucharest Stock Exchange
Stock exchange symbol under which the bonds are traded TIM11
Total Bond Maturity 6 years
Interest Rate Fixed, 8.25% per annum
Total number of bonds issued 200000
Nominal value at issue 100 Lei/bond
Selling Price 100 Lei/bond
Total Value Lei 20,000,000
Subscription Period 15.06.2005 – 24.06.2005
CNVM authorization of the Public Offer Prospectus Decision No 1698 of 06.06.2005
Investments made with the funds obtained from the loan Rehabilitation of some streets in Timisoara

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