FIMA Daily Insight IN FOCUS – STOCK EXCHANGE

19-Feb-10

BLSE STOCK MARKET The total turnover at the Banja Luka Stock Exchange BIRS Last Change has been BAM 202.823 today. 924,77 -1,28 % daily -0,14% % YTD -6,34% The largest turnover of BAM 115.200,00 has been Stock Turnover (BAM) 133.627 realised with the Elektro Inc. Doboj shares. Total MCAP (BAM mn) 1.617,38 They have been traded on the price of BAM 0,64 Source: www.blberza.com which represent price increase of 1,27% in comparison to the previous trading. The ZIF Kristal invest fond Inc. Banja Luka shares have been traded BIRS- MOVERS on the unchanged price of BAM 4,70, and the realised ELDO-R-A 1,3% EKBL-R-A 0,2% turnover was BAM 23.500,00. ZERS-R-A 0,0% VITA-R-A 0,0% TRZN-R-A 0,0% SEMB-R-A 0,0% RTEU-R-A 0,0% At the quotation of funds, except ZIF Kristal invest RNAF-R-A 0,0% fond Inc. Banja Luka shares, turnover of BAM RITE-R-A 0,0% RFUM-R-A 0,0% 4.658,19 has been realised with the ZIF Zepter fond PDPT-R-A 0,0% NOVB-R-A 0,0% Inc. Banja Luka shares. They have been traded on MRDN-R-A 0,0% the price of BAM 4,97, which represent price increase MIRA-R-A 0,0% METL-R-A 0,0% of 4,41%. Price decrease of 7,78% had the ZIF KRJN-R-A 0,0% KDVO-R-A 0,0% Jahorina Koin Inc. Pale, so it has been traded on the HETR-R-A 0,0% unit price of BAM 3,32 and the realised turnover was HELV-R-A 0,0% HEDR-R-A 0,0% BAM 558,01. EKHC-R-A 0,0% EDPL-R-A 0,0% DEST-R-A 0,0% CIST-R-A 0,0% BVRU-R-A 0,0% The gainers of the day on Banjaluka Stock Exchange BOKS-R-A 0,0% BLPV-R-A 0,0% are: ZIF Zepter fond Inc. Banja Luka (4,41%), BIRA-R-A 0,0% ELBJ-R-A -0,5% Elektro Doboj Inc. Doboj (1,27%) and Elektrokrajina TLKM-R-A -0,7% Inc. Banja Luka (0,22%). -15% -10% -5% 0% 5% 10% 15%

Source: www.blberza.com The largest price decrease on todays trading had the BIRS 3 MONTH MOVEMENT following issuers: Građevinar Inc. Novi Grad (- 18,03%), ZIF Jahorina Koin Inc. Pale (-7,78%), 1.100 Veletrgovina Inc. Gradiška (-2,90%), Republika 1.050 Srpska – war damage 2 (-2,75%) and – war damage 3 (0,87%). 1.000

950 Index FIRS has recorded the value increase for 900 0,85%, ERS 10 for 0,05%, and index ERS10 has 9 9 9 0 0 0 0 .0 .0 .0 .1 .1 .1 .1 1 2 2 .1 .1 .2 .2 .1 .1 .1 3 8 2 7 recorded the value decrease for 0,14%. 9 4 9 1 1 1 1

Source: www.blberza.com

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NEWS:

Republika Srpska (RSDS-O-A) - Announcement of the THE MOST ACTIVE TOP 5 (BAM) fourth coupon payment ELDO-R-A 115.200 KRIP-R-A 23.500 In accordance with the Decision on issuing of bonds of Republic NPDK-R-A 16.000 of Srpska for settling of obligations on the basis of verified GRNR-R-A 8.501 accounts of old foreign currency savings (No. 04/1-012-338/08 TLKM-R-A 8.446 from 21.02.2008), the Banja Luka Stock Exchange provides basic Source: www.blberza.com information about the fourth interest and capital amount payment: Symbol of Securities RSDS-O-A Total interest amount BAM 1,835,248.77 Total nominal value BAM 20,974,271.70

TOP 5 ADVANCES % Interest per bond BAM 0,00875 Capital amount per bond BAM 0,1000 ZPTP-R-A 4,41 Payment Date 28.2.2010 ELDO-R-A 1,27 Record Date 27.2.2010 EKBL-R-A 0,22 Ex-coupon Date 24.2.2010 - 0,00 (Source: www.blberza.com) - 0,00 Source: www.blberza.com Medicinska elektronika a.d. Banja Luka - Temporary Trading Halt

The Banja Luka Stock Exchange adopted the decision on 16.2.2010 that as of today MDEL-R-A shares, issued by TOP 5 DECLINES % Medicinska elektronika a.d. Banja Luka, will be temporarily halted GRNR-R-A -18,03 from trading based on the Decision of Basic Court of Banja Luka JHKP-R-A -7,78 about the procedure for the opening of the bankruptcy VLTG-R-A -2,90 proceeding has been started, 71 0 St 077918 10 St.Temporary RSRS-O-B -2,75 trading halt with these shares will be until the stock exchange RSRS-O-C -0,87 receives information from the company or the Basic Court of Source: www.blberza.com Banja Luka about the procedure for the opening of the bankruptcy proceeding or other price sensitive information. (Source: www.blberza.com)

Republic of Srpska RSRS-O-B (war damage 2) – Re- B&H LT CREDIT RATING entering the price limitation of ±10% Moody's: B2 From 15.02.2010, price limitation for the issuer Republic of Standard&Poor's: B+ Srpska (RSRS-O-B - war damage 2) of ±10% will be entered, Source: www.cbbh.ba which means that allowed price volatility can not be more than ±10%. Price limitation is entered because the new auction price is formed. (Source: www.blberza.com)

For more information please contact us via mail [email protected] or on tel. +387 51 329 200

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MARKET MULTIPLES MkCap NAV (BAM NAV per Last price (BAM NAV discount P / NAV million) share million)

INVESTMENT FUNDS

BLBP-R-A 3,84 6,6 12,5 7,3 47,1% 0,5

BLKP-R-A 5,20 6,0 8,1 7,0 25,9% 0,7

BRSP-R-A 3,87 4,9 7,8 6,2 37,4% 0,6

EINP-R-A 7,59 8,2 19,9 18,3 58,6% 0,4

EKVP-R-A 3,20 4,2 11,2 8,5 62,3% 0,4

INVP-R-A 0,05 8,4 21,3 0,1 60,4% 0,4

JHKP-R-A 3,20 6,3 5,1 2,6 -23,1% 1,2

KRIP-R-A 4,70 15,2 39,9 12,4 62,0% 0,4

PLRP-R-A 5,00 8,4 21,2 12,7 60,5% 0,4

PRVP-R-A 1,50 1,6 4,8 4,4 65,9% 0,3

VBIP-R-A 4,50 6,9 10,0 6,5 31,2% 0,7

VIBP-R-A 2,50 5,0 14,2 7,1 64,9% 0,4

ZPTP-R-A 4,97 37,0 97,1 13,0 61,9% 0,4

AVERAGE: 56,5%

(Source of the NAV is www.blberza.com on the 14.12.2009.)

CONTACTS:

SONJA TOPALOVIĆ [email protected] (+387) 51 329 201 MILAN SANČANIN, broker [email protected] (+387) 51 329 202 STEVO JOVIČIĆ, broker [email protected] (+387) 51 329 203

FIMA International Inc. Srpska 63 Banja Luka telefon:++ 387 (51) 329 203 telefax:++ 385 (51) 329 212 e-mail: [email protected] http:// www.fimabl.ba

For more information please contact us via mail [email protected] or on tel. +387 51 329 200

3 FIMA Daily Insight IN FOCUS – BANJA LUKA STOCK EXCHANGE

DISCLAIMER

FIMA Daily Insight is a daily publication of FIMA International Inc. which comments for the needs of its users dynamics of trading financial instruments on capital markets in the Republic of Srpska, transfers and publishes parts or entire selected news from various publicly available sources and media of interest for the investor community, and offers overview of the selected parameters of financial instruments trading on Banja Luka Stock Exchange. The content uses publicly available records published by the selected relevant sources and public information services (Banja Luka Stock Exchange, publicly available financial reports of the Issuer, publicly available opinions of representatives of the Issuers etc.). Although we believe that the stated information and other records are reliable, we do not guarantee for their accuracy, completeness or timeliness.

The publication has been of informative character and may not be deemed to be an invitation for purchase or sale of financial instruments being mentioned in it. Prices of financial instruments, and there from also return on investment from financial instruments may vary and cause profit or loss. Investment in financial instruments commented in this publication include certain risk, financial instruments are not necessarily available in all legal-regulatory environments, they may be illiquid and may be inadequate for some investors. Value or profit realized based on any financial instrument may vary and/or be under the influence of exchange rate differentials and other risks. Investment returns from the history are not indicators of future returns. Investors should independently make their decisions on investment, without relying on this publication.

By publishing this publication FIMA International Inc. does not bear any responsibility for the consequences, or for the possible damages resulted from usage of the information and records published in this publication. Single opinions stated in this publication may change without prior notice.

This publication is considered to be promotional communication. All significant sources of information used in preparing of this publication were stated in its text.

In preparing this publication the results of the fundamental and technical analysis may be used including also internally developed evaluation models. If it is the case of an internally developed evaluation model, the basic methodology shall be presented and publicly available to the investors at the Company's web page www.fimabl.ba or in the other legally permitted manner.

The seat of the Company FIMA International Inc. is in Banja Luka, Srpska 63, whereas the operating of the Company has been supervised by the Republic of Srpska Securities Commission. The company was entered into the Court Register of the Primary court Banja Luka under the number: 1-16231-00.

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