Sverdlovenergo JSC announces the auctioneering of Tagilbank JSC shares

17 April 2006 (08:56)

Sverdlovenergo JSC announces the sale of its 3,280 (three thousands two hundreds eighty) Tagilbank JSC equities via a sealed-bid auction.

The opening bid is 32,800 RUR, the sale contract with the best bidder is to be made within a fortnight since the signature of the auction report, the payment shall be made in monetary form. Passing of the property is to be registered after the money receipt on the Sverdlovenergo JSC settlement account.

The amount of the first issue of equities is 1,640; the amount of the second issue equities is 1,640. The face value of one equity is 10 RUR. The equities are unindebted, undisputed and are not distrained.

Tagilbank JSC was set up on November 25, 1991 and has the license of Bank of Russia for banking operations in rubles and foreign currency, and the license for professional participation in securities market.

The bids may be submitted from 6 a.m. (Moscow time) on April 14, 2006 to 3 p.m. (Moscow time) on May 15, 2006. The applicants will have been qualified as such by 10 a. m on. May 16, 2006 (Moscow time). The auction will be held a 1 p. m. on May 17, 2006 (Moscow time). The bidder that bids the greatest amount is going to be the winner in case there are going to be a few highest bids, the winning is to be ascribed to the one who bid first. Sverdlovskenergo JSC is not liable to making any agreements with the applicants.

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