OREANDA-NEWS. April 21, 2008. State commission for conducting tenders on the sale of the state property to the foreign investors announced on prolongation of the deadline for receiving Bids till May 15, 2008 of the previously announced tender for sale 46 740 (forty six thousand seven hundred forty) shares of common stock of the JSC “Gidromaxsusqurilish” constituting the aggregate of 69% of the Company’s total issued shares with starting bidding price not less than USD 2 100 000 (two million one hundred thousand), reported the press-centre of State commission for conducting tenders on the sale of the state property.

At that, the preference will be given to the company, which conforms to qualification requirements, presented to strategic investors ready to offer the highest bid for the 69% of shares of the Company and to take upon the highest value of investment obligations based on the volume of enterprise’s investment requirements. The enterprise’s investment obligations are USD 2 180 000 (two million one hundred eighty thousand).

JSC "Gidromaxsusqurilish" was founded in 1961. The main activities of the enterprise are construction of the objects for enterprises and organizations of all property forms as well as for individuals, timely and qualitative fulfillment orders on complex works on specific construction and installation works, including tunnel, drilling, hydro technical and other special construction works in the territory of the Republic of Uzbekistan and outside the country.

Investors interested in participating in the tender shall first submit a properly completed and signed Application for participation and Confidentiality Statement. With the inquiries please contact the address indicated below.

The Tender Documentation package including Information Memorandum, Tender Rules, Bid Form can be obtained upon payment made for it, by presenting to Case-by-Case Privatization Bureau the completed and signed Application and Confidentiality Statement together with a copy of the document confirming the payment effected.

The investors that have participated in the tender and have submitted their Bids earlier have the right to keep their Bids in force or to submit new ones instead without any additional payment before the deadlines indicated below.

The price of the package of bidding documents constitutes USD 500 (five hundred).

The Bid submission deadline expires at 12 a.m. Tashkent time on May 15, 2008.

Opening of the packages with Tender Bids will be held in the Meeting Hall of the State Property Committee of the Republic of Uzbekistan (5th floor) at 4 p.m. Tashkent time on May 15, 2008.

Tender participants or their authorized representatives, which have submitted Tender Bids in accordance with established procedures, have the right to participate at the opening of the packages with tenders Bids.

For all issues related to the tender, please contact:

CCPB, Case-by-Case Privatization Bureau

State Property Committee Bldg., 17th Floor

Uzbekistan Ave., 55, 100003 Tashkent, Uzbekistan

Attention:  Mr. Akhmedjanov Khalil Khakimjanovich

Telephone: +998 (71) 139 22 51

Fax: +998 (71) 139 22 79

E-mail:  ccpbuz@tps.uz