FIMA Daily Insight in FOCUS – BANJA LUKA STOCK EXCHANGE

FIMA Daily Insight IN FOCUS – BANJA LUKA STOCK EXCHANGE

8-Oct-09

BLSE STOCK MARKET The total turnover at the Banja Luka Stock Exchange BIRS Last Change has been BAM 142.236 today. 1.021,07 1,57 % daily 0,15% The largest turnover of BAM 79.755,42 has been % YTD 0,03% accomplished with the Republika Srpska - war Stock Turnover (BAM) 30.264 damage 1 bonds. They have been traded on Total MCAP (BAM mn) 1.788,51 47.4311% of the nominal price (BAM 1,00) which Source: www.blberza.com represents the price increase of 0.92%. The Republika Srpska - war damage 2 bonds have been traded on 46.9328% of the nominal price (BAM 1,00) BIRS- MOVERS and the realised turnover was BAM 15.253,14. The TLKM-R-A 0,7% ZERS-R-A 0,0% RiTE Ugljevik Inc. Ugljevik shares have been traded VTNK-R-A 0,0% on the unchanged price of BAM 0,24 and the realised VITA-R-A 0,0% TRZN-R-A 0,0% turnover was BAM 9.522,96. SODJ-R-A 0,0% SEMB-R-A 0,0% RTEU-R-A 0,0% At the quotation of funds, the largest turnover of RNAF-R-A 0,0% RITE-R-A 0,0% BAM 3.062,44 has been realised with the ZIF Zepter RFUM-R-A 0,0% PDPT-R-A 0,0% fond Inc. Banja Luka shares. They have been traded NOVB-R-A 0,0% on the average price of BAM 6,60 which represents MRDN-R-A 0,0% MIRA-R-A 0,0% the price increase of 1,38%. The largest price METL-R-A 0,0% KDVO-R-A 0,0% decrease of -10% had the ZIF Invest nova fond a.d. HETR-R-A 0,0% Bijeljina, so with the unit price of BAM 0,072 it had HELV-R-A 0,0% HEDR-R-A 0,0% turnover of BAM 1.584,00. ELDO-R-A 0,0% ELBJ-R-A 0,0% EKHC-R-A 0,0% The gainers of the day on Banjaluka Stock Exchange EKBL-R-A 0,0% EDPL-R-A 0,0% are: ZIF Zepter fond Inc. Banja Luka (1,38%), DEST-R-A 0,0% BVRU-R-A 0,0% Republika Srpska - izmirenje ratne štete 1 (0,92%), BOKS-R-A 0,0% BLPV-R-A 0,0% Telekom Srpske Inc. Banja Luka (0,68%) and ZIF BIRA-R-A 0,0% Euroinvestment fond Inc. Banja Luka (0,21%). -15% -10% -5% 0% 5% 10% 15%

Source: www.blberza.com The largest price decrease on todays trading had the following issuers: Promtes Inc. Teslić (-64,29%), ZIF BIRS 3 MONTH MOVEMENT Invest nova fond Inc. Bijeljina (-10%), ZIF BLB - profit Inc. Banja Luka (-3,42%), ZIF VIB fond Inc. 1.100 Banja Luka (-2,9%) and Republika Srpska - izmirenje 1.050 ratne štete 2 (-0,08%).

1.000 The value of the BIRS index has recorded increase of

950 0,15%, the ERS10 index has remained unchanged, while the FIRS index has recorded decrease of the 900 value for -0,86%. 9 9 9 9 9 9 9 .0 .0 .0 .0 .0 .0 .0 .7 .7 .8 .8 .9 .9 0 8 3 7 2 6 1 .1 2 2 2 6

Source: www.blberza.com

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1 FIMA Daily Insight IN FOCUS – BANJA LUKA STOCK EXCHANGE

NEWS: Čajavec - alatnica a.d. Banja Luka – The decrease number of shares from 1.870.079 to 1.303.147 and new beginning of trading THE MOST ACTIVE TOP 5 (BAM) RSRS-O-A 79.755 Decreasing number of shares due to the decrease of the share RSRS-O-B 15.253 capital. After registration of the 4th issue total number of RTEU-R-A 9.523 shares decreased from 1.870.079 to 1.303.147, with the ELBJ-R-A 7.500 nominal value of the BAM 1. The Central registry of RS has SEMB-R-A 6.000 removed the trading halt on the shares of the issuer Čajavec - Source: www.blberza.com alatnica a.d. Banja Luka (CJAL-R-A) and the trading with shares of the CJAL-R-A will start from 05.10.2009. (Source: www.blberza.com)

Tržnica a.d. Banja Luka – Temporarily trading suspension TOP 5 ADVANCES % ZPTP-R-A 1,38 On 25.09.2009, the Republic of Srpska Securities Commission RSRS-O-A 0,92 has submitted the Decision No 01-UP-061-3106/09 to the TLKM-R-A 0,68 stock exchange, ordering the Banja Luka Stock Exchange to EINP-R-A 0,21 suspend trading with Tržnica a.d. Banja Luka's shares. - 0,00 (Source: www.blberza.com) Source: www.blberza.com Jahorina OC a.d. Pale – Increasing number of shares from 32.264.704 to 48.264.704

Increasing number of shares due to the 3rd share issue trough TOP 5 DECLINES % public offering on the Stock Exchange (16.000.000 shares). PRMT-R-A -64,29 Number of shares increased from 32.264.704 to 48.264.704. INVP-R-A -10,00 Nominal value is BAM 1.00. BLBP-R-A -3,42 (Source: www.blberza.com) VIBP-R-A -2,90 RSRS-O-B -0,08 ZTC Banja Vrućica a.d. Banja Luka – Completed public Source: www.blberza.com offering of shares

On Thursday, 03.09.2009 the public offering of shares of ZTC Banja Vrućica a.d. Banja Luka has been completed. It was sold 3.004.719 shares or 60.09% of offered shares. The public B&H LT CREDIT RATING offering has been successful since more than 60 % of issued Moody's: B2 shares were sold. Part of the public offering was completed Standard&Poor's: B+ through the trading system of the BLSE. All shares where sold Source: www.cbbh.ba at BAM 1.00 or in the total amount of BAM 1.600.000. ZTC Banja Vrućica a.d. Banja Luka shares will be listed on the Banja Luka Stock Exchange official market upon the completion of the public offering registration process at Court of Justice, Securities Commission and Central Registry. (Source: www.blberza.com)

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

2 FIMA Daily Insight IN FOCUS – BANJA LUKA STOCK EXCHANGE

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

INVESTMENT FUNDS

ZIF BLB-Profit 5,08 8,8 11,8 6,9 25,9% 0,7

ZIF Balkan Investment 4,00 4,6 7,9 6,8 41,6% 0,6

ZIF Bors invest 3,70 4,7 7,9 6,2 40,7% 0,6

ZIF Euroinvestment 9,52 10,3 20,7 19,1 50,2% 0,5

ZIF Aktiva Invest 4,70 6,2 9,7 7,3 36,0% 0,6

ZIF Invest Nova 0,07 13,5 20,4 0,1 34,0% 0,7

ZIF Jahorina Koin 2,99 5,9 5,2 2,7 -12,6% 1,1

ZIF Kristal Invest 7,00 22,6 39,3 12,2 42,6% 0,6

ZIF Polara Invest 5,60 9,4 18,7 11,1 49,7% 0,5

ZIF Privrednik invest 2,00 2,2 4,6 4,3 53,3% 0,5

ZIF VB 4,50 6,9 8,4 5,5 17,8% 0,8

ZIF VIB 3,01 6,0 13,4 6,7 55,4% 0,4

ZIF Zepter 6,60 49,2 91,2 12,2 46,1% 0,5

AVERAGE: 42,1%

(Source of the NAV is www.blberza.com on the 21.09.2009.)

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.

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