FACTOR BANKA d.d. announces the out-of-court public sale via public auction

Wien (OTS) - Pursuant to Articles 44 and 46 of the Law on Registered Pledge on Movables ("Official Gazette of the Republic of Serbia", No. 57/2003, 61/2005, 64/2006 and 99/2011) the pledgee FACTOR BANKA d.d., a bank established in the Republic of Slovenia, with its registered seat in Ljubljana, Tivolska cesta 48, 1000 Ljubljana, registration number 5777011000, Tax ID No.: SI27516407 ("Factor banka d.d.") announces

the out-of-court public sale via public auction

in the procedure of settlement of claim from the pledged asset

I. Subject-matter of the out-of-court public sale: The ownership interest owned by NUBA, SVETOVANJE IN INVESTIRANJE d.o.o. Ljubljana, a company established in the Republic of Slovenia, Šmartinska cesta 152, 1000 Ljubljana, registration number 2170400000, Tax ID No.:
SI36087122, in TARGO TELEKOM d.o.o. Beograd, Đorđa Stanojevića 12/III, Belgrade, a company established in the Republic of Serbia, registration number 20525134 ("Targo Telekom d.o.o."), which ownership interest amounts to 89.09% of Targo Telekom d.o.o.'s capital, and which is pledged in favour of Factor banka d.d. (the "Ownership Interest").

Except for the pledge in favour of Factor banka d.d. referred to in the previous paragraph, there are no other encumbrances over the Ownership Interest.

II. Public Auction: The out-of-court public sale of the Ownership Interest will be carried out through the public auction (the "Auction").

III. Time and place of the Auction: The Auction will be held on 24 November 2014, at 12:00 o'clock, at the premises of Wolf Theiss d.o.o. at the address Bulevar Mihajla Pupina 6, PC Ušće, 18th floor, Belgrade, Serbia.

IV. Estimated value of the Ownership Interest: Value of the Ownership Interest is determined, i.e. estimated by an economic and financial expert and it amounts to EUR 5,361,000 (in words: five million three hundred sixty one thousand euros).

V. Opening price of the Ownership Interest: The openning price of the Ownership Interest at the Auction amounts to 60% of the estimated value of the Ownership Interest, which amounts to EUR 3,216,600 (in words: three million two hundred sixteen thousand and six hundred euros).

VI. Guarantee for participation at the Auction: The right to participate at the Auction is granted to any natural person or legal entity, including holders of statutory pre-emption right, which pays the guarantee deposit in the amount of 10% of the estimated value of the Ownership Interest, i.e. in the amount of EUR 536,100 (in words:
five hundred thirty six thousand and one hundred euros) (the "Guarantee"). The Guarantee should be paid by 21 November 2014 at the latest, in EUR to the bank account of Factor banka d.d. number: IBAN:
SI56 0100 0000 2700 078, SWIFT/BIC: FCTBSI2X, at Banka Slovenije, and in case of a participant who/which is considered resident of Serbia within the meaning of the Foreign Exchange Law (Official Gazette of the Republic of Serbia No. 62/2006, 31/2011, and 119/2012) (the "FEL") in Serbian dinar ("RSD") equivalent according to the official middle exchange rate of the National Bank of Serbia ("NBS") at the day of payment to RSD-denominated non-resident bank account of Factor banka d.d. number: IBAN: RS35265100000013225710, SWIFT/BIC:
RZBSRSBG, at Raiffeisen banka AD Beograd. Proof of payment of the Guarantee should be submitted along with the application for the Auction.

VII. Registration of participants at the Auction: Registration of participants at the Auction shall start half an hour before beginning of the Auction, at the address indicated above. Only legal persons and/or individuals (including holders of the statutory pre-emption right) who submitted proper applications for the Auction in a timely manner in accordance with points XIII and XIV below, presented original documents enumerated in point XIII below for inspection at the registration, and paid the Guarantee in accordance with the point VI above will be registered as participants at the Auction. The Auction will be held even in the event that it is attended by only one bidder, unless the pledgee Factor banka d.d. decides that the Auction should be postponed.

VIII. Publication of results of the Auction: The results of the Auction should be disclosed verbally to all the attendees, immediately after the Auction.

IX. Entering into sale and purchase agreement and payment of purchase price for the Ownership Interest: A bidder offering the highest purchase price for the Ownership Interest at the Auction (the "Best Bidder") must enter into the sale and purchase agreement as the buyer with Factor banka d.d. as the seller, which agreement must be signed by both parties and notarised before the public notary or court in accordance with the law within 3 (three) business days from the date of the Auction. The Best Bidder must pay the remaining amount of the purchase price (i.e. difference between the offered price and the paid Guarantee) in EUR to the bank account of Factor banka d.d. No.:
IBAN: SI56 0100 0000 2700 078, SWIFT/BIC: FCTBSI2X, at Banka Slovenije, or, in case the Best Bidder is a resident of Serbia within the meaning of the FEL, in RSD equivalent in accordance with the official middle exchange rate of the NBS on the date of payment to the RSD-denominated non-resident bank account of Factor banka d.d. No.: IBAN: RS35265100000013225710, SWIFT/BIC: RZBSRSBG, at Raiffeisen banka AD Beograd, within 3 (three) business days from the day of signing and notarisation of the sale and purchase agreement. In case that the Best Bidder does not pay the purchase price for the Ownership Interest within the given term, the sale and purchase agreement with the Best Bidder shall be without legal effect, and the second-best bidder who made the second-highest offer for purchase of the Ownership Interest will be declared the buyer and Factor banka d.d. will call upon such second-best bidder (by letter sent by the registered mail to the address of such second-best bidder stated in the application for the Auction pursuant to point XIII below) to enter, as the buyer, into the sale and purchase agreement with Factor banka d.d. as the seller within 3 (three) business days from the date of receipt of the letter. In such case, the buyer will pay the offered purchase price within 3 (three) business days from the date of signing and notarisation of the sale and purchase agreement. The same procedure as stated above shall be repeated with respect to the third-best bidder who/which made the third-highest offer in case the second-best bidder fails to pay the offered purchase price. The Guarantees paid by the Best Bidder, the second-best bidder and the third-best bidder shall be temporarily retained by Factor banka d.d. and shall not be returned to any of them unless and until any of them pays the purchase price (in which case the Guarantee paid by other two will be returned to them).

X. Returning of the Guarantee: The Guarantee will be returned to the bidders whose offer for purchase of the Ownership Interest is not accepted (except for the Best Bidder, the second-best and third-best bidder in case of an unsuccessful auction described below in point XI), within 8 (eight) business days from the date of the Auction. The Guarantees paid by the Best Bidder, the second-best bidder and the third-best bidder will be returned in the following way: if one of them paid the purchase price in accordance with point IX above, the Guarantee deposits will be returned to the other two of them within 8 (eight) business days from the payment date.

XI. Unsuccessful Auction: In the event that none of the bidders (including holders of the statutory pre-emption right) with suitable offer for purchase of the Ownership Interest pays the purchase price for the Ownership Interest within the term provided for payment in accordance with the point IX above, it will be concluded that the Auction did not succeed and a new public auction for sale of the Ownership Interest will be scheduled. The Guarantee paid by the Best Bidder and by the second-best and third-best bidder will be used to cover costs of a new public auction for sale of the Ownership Interest and to compensate any possible difference between the purchase price achieved at the Auction and the subsequent public auction for sale of the Ownership Interest. Any remaining portion of the Guarantee will be returned to the respective bidders in accordance with the point X above.

XII. Statutory pre-emption right of the Ownership Interest:
TERMOPLASTI-PLAMA DOO, a company established in the Republic of Slovenia, registration number 5042399000, and PLASTA DOO, a company established in the Republic of Slovenia, registration number 5343127000, as the shareholders of Targo Telekom d.o.o., holding ownership interests representing respectively 5.45% and 5.46% of Targo Telekom d.o.o.'s capital will be able, each of them to use its statutory pre-emption right to buy the Ownership Interest under the same conditions as the Best Bidder if it applies for participation at the Auction in accordance with points XIII and XIV below and pay the Guarantee in accordance with point VI above, and immediately after the publication of the results of the Auction, declares that it will buy the Ownership Interest under the same conditions as the Best Bidder. In such case the obligation to enter into the sale and purchase agreement and pay the purchase price from point IX above applies to such holder of the pre-emption right.

XIII. Content of an application for the Auction: An application for the Auction must be in writing in English, Serbian or Slovenian language, signed by an authorised representative of an applicant (in case an applicant is a legal person) or signed by an applicant who is an individual. The application for the Auction must contain the following data: (i) in case an applicant is a legal person: full name, registration number, name of the registry, registered address, country of incorporation and details of the contact person (name, telephone, facsimile, email); (ii) in case an applicant is an individual: first name, middle name, surname, date of birth, nationality, national personal ID card number, and in case of a Serbian national, the unique citizens' number (JMBG), and contact details (residence address, telephone, facsimile, email); (iii) first name and surname, date of birth, nationality, national personal ID card number, and in case of a Serbian national, the unique citizen's number (JMBG) of a person authorized to represent an applicant at the Auction and proof of authorization for such a representation (original excerpt from the relevant registry in which the applicant is registered, which excerpt may not be older than one month before the Auction date, showing details of such representative and limitations on his/her powers to represent, or a special power of attorney issued by the applicant to such representative for representing it at the Auction); (iv) proof of payment of the Guarantee; (v) clear and unconditional statement that the applicant accepts that in case it is proclaimed the Best Bidder, or the second-best or third-best bidder at the Auction and fails to pay the purchase price in due time in accordance with point IX above, that his/her/its Guarantee will not be returned to him/her/it and may be retained by Factor banka d.d. and used for covering the costs of the repeated auction and compensation of possible difference between the price achieved at the Auction and the subsequent repeated auction in accordance with point XI above; and (vi) full details of the bank account to which the amount of the Guarantee should be returned to an applicant.

XIV. Submission of an application for the Auction: A proper application for the Auction (PDF scan) should be received by 21 November 2014 by 16:00 o'clock at the email address:masa.grohar@factorb.si. All originals must be presented for inspection at the registration of participants in accordance with point VII above.

XV. Time and place of review of the business documentation related to the Ownership Interest: Persons interested in purchase of the Ownership Interest may schedule an appointment to inspect available documentation concernig the Ownership Interest, which consist mainly of publicly available information on Targo Telekom d.o.o. in Serbian language and the Valuation Report dated 20 October 2014 in Serbian and English language, every business day from 12. November 2014 to 21 November 2014, at the premises of Factor banka d.d., at the address Tivolska cesta 48, 1000 Ljubljana, Slovenia, and at the premises of WM Equity Partners d.o.o. Belgrade at the address Bulevar Mihajla Pupina 10a, 11070 Belgrade, Serbia, during working hours. Each appointment must be scheduled one business day in advance by contacting the contact person from point XVI below.

Rückfragen & Kontakt:

Contact person for any additional information concernig sale of the Ownership Interest: Maša Grohar, e-mail: masa.grohar@factorb.si, tel: 00386(0)12307790

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