List of IPO Divestible SOEs and Activities, during March 21, 2010 until March 20, 2011

List of Divestible SOEs and Activities of Group 1, subject of the Article 2 of the Law on the Application of the General Policies of the Article 44 of the Constitution during March 21, 2010 until March 20, 2011

Divestible RowHolding Company SOE/ Activity Share (in percent)

Iranian 1 Privatization Loshan Cement 33.00 Organization (IPO)

2 IPO Armco- Automobile Radiator 25.65

3 IPO Poya, Refrigerator Profile, … 0.30

4 IPO Jam-e Jahan Nama 0.02

5 IPO Iran Piston 10.48

6 IPO Mazandaran Textile Company 23.85

IPO Naghsh Iran Industrial Group 28،21 7

IPO Jean Mode 26،67 8

IPO Dezfoul Sugar Factory 24،69 9

IPO Yasuj Sugar Factory 22،84 10

IPO Guilan Carpet Company 21،16 11

IPO Pars Battery Company 21،17 12

IPO Bafkar 10،84 13

IPO Jamco 10،24 14

IPO Jahan Wool Textile 7،5 15

IPO Pars Profile, Rolling Industries, … 6،46 16

IPO Automobile Electrical Parts 6،35 17 List of IPO Divestible SOEs and Activities, during March 21, 2010 until March 20, 2011

List of Divestible SOEs and Activities of Group 1, subject of the Article 2 of the Law on the Application of the General Policies of the Article 44 of the Constitution during March 21, 2010 until March 20, 2011

Divestible RowHolding Company SOE/ Activity Share (in percent)

IPO Pars Faston 0،68 18

IPO Derakhshan Yazd Co. 0،38 19

IPO Shadanpour Shoes 0،17 20

IPO Iran Alaedin 0،16 21

IPO Pars Paper 0،00 22

IPO Shiraz Textile Factory 0،11 23

IPO Kashan Spinning and Weaving Company 0،04 24

IPO Isfahan Spinning Bobbin 20،99 25

26 IPO Behshahr Industries Development 0.00

27 IPO Sadi Ceramics and Tiles 0.00

28 IPO Shahryar Industries and Farming 28.17

29 IPO Osveh Pharmacologic Company 0.01

30 IPO Kowsar Pharmacologic Company 0.01

31 IPO Niloo Tile 0.00

32 IPO Shiravan Sponge 9.63

33 IPO Pars Pamchal 0.00

34 IPO Loghman Pharmacologic Company 0.01

35 IPO Gorji Biscuit 0.00 List of IPO Divestible SOEs and Activities, during March 21, 2010 until March 20, 2011

List of Divestible SOEs and Activities of Group 1, subject of the Article 2 of the Law on the Application of the General Policies of the Article 44 of the Constitution during March 21, 2010 until March 20, 2011

Divestible RowHolding Company SOE/ Activity Share (in percent)

36 IPO Cement 0.32

37 IPO Arya Electric 0.00

38 IPO New Shahreza Textile and Weaving 5.10

39 IPO Ziba Bobbin Textile and Weaving 13.56

40 IPO Kouh Fard 10.48

41 IPO Tehran Group 0.99

42 IPO Nakhkar 95.07

43 IPO Givar Industrial and Manufacturing Company 0.79

44 IPO Jahan Industrial Company 32.35

45 IPO Mobliran 0.00

46 IPO Iran Form 3.82

47 IPO Yazd Gerdbaf 0.03

48 IPO Baft Azadi 31.24

49 IPO Jahan Plant Oil 4.00

IPO Iran Glass Wool 0،08 50

51 IPO Iran-Rasht Electric 16.00

IPO Ghaemshahr Paper Manufacturing Industries 0،01 52

53 IPO Shomal Cement 0.10 List of IPO Divestible SOEs and Activities, during March 21, 2010 until March 20, 2011

List of Divestible SOEs and Activities of Group 1, subject of the Article 2 of the Law on the Application of the General Policies of the Article 44 of the Constitution during March 21, 2010 until March 20, 2011

Divestible RowHolding Company SOE/ Activity Share (in percent)

54 IPO Mashad Packaging Industries 3.83

55 IMIDRO Iran Press Company 100.00

56 IMIDRO Oil Equipment Industries 100.00

57 IMIDRO Lorestan Polyester Industries 49.00

58 IMIDRO Ghaen Industries Development 49.00

59 IMIDRO Kashmar Zohreh Granite Tile Manufacturing 40.79

60 IMIDRO Cheragh Danesh Development 40.00

61 IMIDRO Mashad Powder Metallurgy Company 40.00

62 IMIDRO Rena Investment Company 37.78

63 IMIDRO Iranian Shares of SAIPA Manufacturing Company 37.05

64 IMIDRO 37.00

65 IMIDRO IDRO Consulting Services and Financial Supply 35.00

66 IMIDRO Semnan Elegant Participation 25.00

67 IMIDRO Iran Quality Control and Standard 100.00

Sadra Omid Chabahar (Ships Scrapping and and Vessel 68 IMIDRO 100.00 Parts)

69 IMIDRO Jovin Electrical Machines Ind’s Co. (J.M.Co.) 100.00

70 IMIDRO Heavy Diesel Manufacturing Industries 100.00

71 IMIDRO Luleh Gostar Esfarayen 100.00 List of IPO Divestible SOEs and Activities, during March 21, 2010 until March 20, 2011

List of Divestible SOEs and Activities of Group 1, subject of the Article 2 of the Law on the Application of the General Policies of the Article 44 of the Constitution during March 21, 2010 until March 20, 2011

Divestible RowHolding Company SOE/ Activity Share (in percent)

72 IMIDRO Pars Car Manufacturing 100.00

73 IMIDRO Gostaresh Railway Transportation Development 100.00

74 IMIDRO Nosaz Services and Construction 100.00

75 IMIDRO Tabriz Machine Sazi Foundry 100

76 IMIDRO Esfarayen Industrial Complex 100

77 IMIDRO Iran Ship Building and Offshore Industries Complex 100.00

78 IMIDRO Iran Industiral Designs Management 100.00

79 IMIDRO Iranian Welding Research and Engineering Center 100.00

Self-sufficiency Research and Services Center (Center 80 IMIDRO 100.00 for IT Development)

81 IMIDRO Iran Entrepreneurship Development (Morattab-No Co.) 100.00

82 IMIDRO Arvandan Shipbuilding Company 99.98

83 IMIDRO Advanced Industrial Systems Research Center 76.93

84 IMIDRO Kavosh Research Town 69.00

85 IMIDRO Iran Informatics Development 49.00

86 IMIDRO Industrial Export Development 48.00

Ultra Industrial Research Development (Automobile 87 IMIDRO 48.00 Industries Development)

88 IMIDRO Pak Mayeh Kermanshah 40.00 List of IPO Divestible SOEs and Activities, during March 21, 2010 until March 20, 2011

List of Divestible SOEs and Activities of Group 1, subject of the Article 2 of the Law on the Application of the General Policies of the Article 44 of the Constitution during March 21, 2010 until March 20, 2011

Divestible RowHolding Company SOE/ Activity Share (in percent)

89 IMIDRO Aluminum Tire Rings Gostaresh Gam Afarin 40.00

90 IMIDRO Taftan Moulds 40.00

91 IMIDRO South Polymer Industries 39.99

92 IMIDRO IDRO Commerce 38.70

93 IMIDRO Sepideh Tous Jam 35.00

Saipa Designing, Engineering and Manufacturing of 94 IMIDRO 33.33 Equipment and Machineries

95 IMIDRO Persian Gulf Chemical Polymers Development 29.99

96 IMIDRO Alamara Image Lamps 17.00

97 IMIDRO Arya Gas and Oil Development 39.00

98 IMIDRO Pardis Chemical Development 39.99

99 IMIDRO Kaje Tile Industry 40.00

100 IMIDRO Iran Industrial Consulting Engineers 100.00

101 IMIDRO Emad Semiconductors 100.00

102 IMIDRO Haft Tappeh Sugarcane Agro-Industrial Company 100.00

103 IMIDRO Paysaz 96.61

Biology Development Technology (Biological Industry 104 IMIDRO 49.00 Development)

105 IMIDRO Advance Materials Development 49.00 List of IPO Divestible SOEs and Activities, during March 21, 2010 until March 20, 2011

List of Divestible SOEs and Activities of Group 1, subject of the Article 2 of the Law on the Application of the General Policies of the Article 44 of the Constitution during March 21, 2010 until March 20, 2011

Divestible RowHolding Company SOE/ Activity Share (in percent)

106 IMIDRO Sarv Oil and Gas Development Industries 48.98

107 IMIDRO Ferdows Textile Factories 45.00

108 IMIDRO Fars Industries and Export Development 40.57

109 IMIDRO Bam Food Industries Development 40.00

110 IMIDRO Kartak System 40.00

111 IMIDRO IDRO LANDRA Industrial Group 40.00

112 IMIDRO Non-Stock Exchange Network of the IDRO 40.00

113 IMIDRO Tous Gol Naghsh 35.00

114 IMIDRO Iran Tractor Manufacturing Foundry 0.00

115 IMIDRO Gold Technology Pioneers 36.00

116 IMIDRO Langeroud Gas Industries Development 43.00

117 IMIDRO Kar Gas System 40.00

118 IMIDRO Khorambid Fiber Glass Production 40.00

IMIDRO Eshkuda Pars 50،8 119

120 IMIDRO Pars Pirex Shargh 35.00

121 IMIDRO Pars Industries 14.00

IMIDRO Elfin Razi Petrochemical Complex 0،04 122

123 IMIDRO Payvand Tous Industrial and Manufacturing 30.00 List of IPO Divestible SOEs and Activities, during March 21, 2010 until March 20, 2011

List of Divestible SOEs and Activities of Group 1, subject of the Article 2 of the Law on the Application of the General Policies of the Article 44 of the Constitution during March 21, 2010 until March 20, 2011

Divestible RowHolding Company SOE/ Activity Share (in percent)

124 IMIDRO Iranian Growth Investment Development 60.00

125 IMIDRO Arjan Gostar Oil Seed Production 40.00

Middle East Parsian Company of Materials Recovery and IMIDRO 39،8 126 Conversion

127 IMIDRO Kimia Gostar Priouz Chemical Industry 40.00

IMIDRO Kordestn Nirou Development Industries 40،3 128

129 IMIDRO Zanjan Talaee Gostar Industries 40.00

130 IMIDRO Gerd Stone Development 40.00

131 IMIDRO Balouch Hamoun Stone Development 40.00

132 IMIDRO Kimiaye Bartar Industries Development 28.00

IMIDRO Shafagh Luleh Gostar 39،8 133

134 IMIDRO Fars Firouzabad Machine Manufacturing 40.00

135 IMIDRO Saravan Nakhl Balouch 40.00

136 IMIDRO Chimi Gostar Nikou 30.00

137 IMIDRO Penasouz 50.00

138 IMIDRO Iran Advanced Technology 15.00

139 IMIDRO IDRO Charter 60.00

140 IMIDRO Iran Skin and Leather Industries 27.00

141 IMIDRO Sazmeh Mining Company 49.00 List of IPO Divestible SOEs and Activities, during March 21, 2010 until March 20, 2011

List of Divestible SOEs and Activities of Group 1, subject of the Article 2 of the Law on the Application of the General Policies of the Article 44 of the Constitution during March 21, 2010 until March 20, 2011

Divestible RowHolding Company SOE/ Activity Share (in percent)

142 IMIDRO Iran Marine Industries 100.00

IMIDRO Iran Oil Industries Engineering and Manufacturing 33،33 143

144 IMIDRO Industrial Management Organization ** 99,99

145 IMIDRO Human Resources Studies and Productivity Institute ** 100.00

146 IMIDRO Teymareh Metal Industry 40.00

147 IMIDRO Sabz Farda Manufacturing Technology 40.00

148 IMIDRO Novin Pasargad Iranian Steel Structures Development 40.00

149 IMIDRO Construction Industry Technologies Development 40.00

150 IMIDRO Golchin Gostar Azar 40.00

151 IMIDRO Semnan Nabard Civil Development 40.00

152 IMIDRO Rash Gostar Rouyan 40.00

153 IMIDRO Iranian Sibon Gostar 40.00

154 IMIDRO Parsazeh Behnad 40.00

155 IMIDRO Samak Faraz Steel Industries 40.00

156 IMIDRO Behineh Pakane Ghomes 40.00

157 IMIDRO Sepahan Housing Industries 40.00

158 IMIDRO Rahpouyan Soura Construction Development Industry 40.00 List of IPO Divestible SOEs and Activities, during March 21, 2010 until March 20, 2011

List of Divestible SOEs and Activities of Group 1, subject of the Article 2 of the Law on the Application of the General Policies of the Article 44 of the Constitution during March 21, 2010 until March 20, 2011

Divestible RowHolding Company SOE/ Activity Share (in percent)

159 IMIDRO Sabok Taj Block and Panel Production 40.00

160 IMIDRO Ofogh Sepahan Light Steel Structures 40.00

161 IMIDRO Taj Sazan Steel Structure 40.00

162 IMIDRO Charkheh Sabz-e Saman Development 40.00

163 IMIDRO Rayaneh Farda Development 40.00

164 IMIDRO Parmis Bespar Gostar 40.00

165 IMIDRO Milad Gostar Damghan 40.00

166 IMIDRO New Energy Development General Contracting Company 40.00

Tamine Abnieh Prefabricated Construction Materials 167 IMIDRO 40.00 Industries

168 IMIDRO Metal Gostar 40.00

169 IMIDRO Khazar Mahdishahr New Construction Indsutry 30.00

Fanavaran Dena Sakht Gostaresh Construction Materials 170 IMIDRO 30.00 Production and Development

171 IMIDRO Hammer Concrete Development 30.00

172 IMIDRO Ilia Sanat Shafagh Development 30.00

173 IMIDRO Ilam Cylinder Saipa 20.00

174 IMIDRO Iran Ultra Exchange Company 2.00

175 IMIDRO Tabriz Machine Sazi Foundry 100.00 List of IPO Divestible SOEs and Activities, during March 21, 2010 until March 20, 2011

List of Divestible SOEs and Activities of Group 1, subject of the Article 2 of the Law on the Application of the General Policies of the Article 44 of the Constitution during March 21, 2010 until March 20, 2011

Divestible RowHolding Company SOE/ Activity Share (in percent)

176 IMIDRO Omran Sanat Parseh Development 40.00

Parsian New Construction Materials Development and 177 IMIDRO 40.00 Expansion

178 IMIDRO Hamian Gostar Ayandeh Saz 40.00

179 IMIDRO Balouch Weaving 100.00

180 IMIDRO Ghaemshahr Textile 92.82

181 IMIDRO Industrial Development Investment

182 IMIDRO Pars Wagon 26.00

Iranian Mines and Mining Industries 183 Development and Almahdi Aluminum Complex 69.22 Renovation Organization 184 IMMIDRO Zagros Steel 49.00

185 IMMIDRO Mahdiabad Zinc 48.00

186 IMMIDRO Terminal Construction 45.00

187 IMMIDRO Gohar Zamin Iron Stone 22.50

188 IMMIDRO Ghadir Iranian Iron and Steel 10.00

189 IMMIDRO Chadormalou 1.50

190 IMMIDRO Golgohar 1.50

191 IMMIDRO Iran National Steel 100.00

192 IMMIDRO Babak Copper City (Midouk) 100.00 List of IPO Divestible SOEs and Activities, during March 21, 2010 until March 20, 2011

List of Divestible SOEs and Activities of Group 1, subject of the Article 2 of the Law on the Application of the General Policies of the Article 44 of the Constitution during March 21, 2010 until March 20, 2011

Divestible RowHolding Company SOE/ Activity Share (in percent)

193 IMMIDRO Kerman Coal 100.00

194 IMMIDRO West Alborz Coal 100.00

195 IMMIDRO Novin Madan Management, Engineering and Technology 98.00

Training and Research Institute of Ministry of Mines and 196 IMMIDRO 70.00 Industries

197 IMMIDRO Iran Mining Materials Research and Application Institute 60.00

198 IMMIDRO South Aluminum Complex 49.00

199 IMMIDRO Ferrochrome Baft Industries 45.00

200 IMMIDRO Khuzestan Oxin Steel 40.00

201 IMMIDRO South Kish Kaveh Steel 30.00

202 IMMIDRO Paydanan Coal Products 10.00

203 IMMIDRO Iran Alumina 100.00

204 IMMIDRO East Alborz Coal 100.00

Iran East Iron Stone (formerly Supply and Production of 205 IMMIDRO 100.00 Raw Materials for the Khorasan Steel)

206 IMMIDRO Azerbaijan Steel 100.00

207 IMMIDRO Central Alborz Coal 100.00

208 IMMIDRO Iran Mining Materials Supply and Production 100.00

209 IMMIDRO Netco 100.00 List of IPO Divestible SOEs and Activities, during March 21, 2010 until March 20, 2011

List of Divestible SOEs and Activities of Group 1, subject of the Article 2 of the Law on the Application of the General Policies of the Article 44 of the Constitution during March 21, 2010 until March 20, 2011

Divestible RowHolding Company SOE/ Activity Share (in percent)

210 IMMIDRO Oscou Tak 100.00

211 IMMIDRO Industrial and Commercial Services (ICS) 100.00

Iran Rolling Commercial Services Development (Former 212 IMMIDRO 96.50 Rolling Warehouses)

213 IMMIDRO Arfaea Iron and Steel 49.00

214 IMMIDRO Chaharmahal Bakhtiari Auto Sheet Co. 45.00

215 IMMIDRO Airtik International Engineering Company 43.52

216 IMMIDRO Khuzestan Aluminum Kaveh (before operation) 40.00

217 IMMIDRO Shargh Kaveh Steel 30.00

218 IMMIDRO Iran Zinc Production 20.00

Iran Mines and Industries Commerce (Steel Commercial 219 IMMIDRO 100.00 Services)

220 IMMIDRO Dabola-Tougeh Bauxite Economic Complex 49.00

221 IMMIDRO Iran Central Iron Stone (Bafgh) 26.00

222 IMMIDRO Darab Cement 0.36

223 IMMIDRO Khash Cement 1.68

Takapou Management, Design and Construction of 224 IMMIDRO 35.00 Industries

225 IMMIDRO Excavation Engineering and Discovery of Mine Materials 40.00

Mine Materials Advanced Research and Processing 226 IMMIDRO 98.00 Institute List of IPO Divestible SOEs and Activities, during March 21, 2010 until March 20, 2011

List of Divestible SOEs and Activities of Group 1, subject of the Article 2 of the Law on the Application of the General Policies of the Article 44 of the Constitution during March 21, 2010 until March 20, 2011

Divestible RowHolding Company SOE/ Activity Share (in percent)

227 IMMIDRO Tabas Processed Coal 99.30

Iran Power Generation, 228 Persian Gulf Electrical Power Production 100.00 Transmission & Distribution Management 229 Tavanir Abadan Electrical Power Production 100.00

230 Tavanir Sahand Electrical Power Production 100.00

231 Tavanir Shirvan Electrical Power Production 100.00

232 Tavanir Bisotoun Electrical Power Production 100.00

233 Tavanir Sanandaj Electrical Power Production 100.00

234 Tavanir Zagros Electrical Power Production 40.00

235 Tavanir Sabz Manjil Electrical Power Production 100.00

236 Tavanir Kerman Electrical Power Production 100.00

237 Tavanir Damavand Electrical Power Production 100.00

238 Tavanir Binaloud Electrical Power Production 100.00

Kohkilouyeh and Boyr Ahmad Electrical Power 239 Tavanir 49.00 Distribution

240 Tavanir Guilan Province Electrical Power Distribution 49.00

241 Tavanir Great Tehran Electrical Power Distribution 40.00

242 Tavanir Qom Province Electrical Power Distribution 40.00

243 Tavanir Zanjan Province Electrical Power Distribution 40.00 List of IPO Divestible SOEs and Activities, during March 21, 2010 until March 20, 2011

List of Divestible SOEs and Activities of Group 1, subject of the Article 2 of the Law on the Application of the General Policies of the Article 44 of the Constitution during March 21, 2010 until March 20, 2011

Divestible RowHolding Company SOE/ Activity Share (in percent)

244 Tavanir Mazandaran Province Electrical Power Distribution 40.00

245 Tavanir Shiraz Province Electrical Power Distribution 56.00

246 Tavanir Azerbaijan Electrical Power Distribution 40.00

247 Tavanir Chaharmahal Bakhtiari Electrical Power Distribution 40.00

248 Tavanir Khorasan Center Electrical Power Distribution 40.00

249 Tavanir Qazvin Province Electrical Power Distribution 40.00

250 Tavanir Ilam Province Electrical Power Distribution 40.00

251 Tavanir West Mazandaran Electrical Power Distribution 40.00

252 Tavanir Ardabil Electrical Power Distribution 40.00

253 Tavanir Lorestan Electrical Power Distribution 40.00

254 Tavanir North Khorasan Electrical Power Distribution 40.00

255 Tavanir Semnan Province Electrical Power Distribution 40.00

256 Tavanir Fars Province Electrical Power Distribution 40.00

257 Tavanir Golestan Province Electrical Power Distribution 40.00

258 Tavanir Tabriz Province Electrical Power Distribution 40.00

259 Tavanir Hamedan Province Electrical Power Distribution 40.00

260 Tavanir South Khorasan Province Electrical Power Distribution 40.00 List of IPO Divestible SOEs and Activities, during March 21, 2010 until March 20, 2011

List of Divestible SOEs and Activities of Group 1, subject of the Article 2 of the Law on the Application of the General Policies of the Article 44 of the Constitution during March 21, 2010 until March 20, 2011

Divestible RowHolding Company SOE/ Activity Share (in percent)

Systan and Balouchestan Province Electrical Power 261 Tavanir 40.00 Distribution

262 Tavanir Hormozgan Province Electrical Power Distribution 40.00

263 Tavanir Ahvaz City Electrical Power Distribution 49.00

264 Tavanir Electrical Power Distribution 49.00

265 Tavanir South Kerman Electrical Power Distribution 49.00

266 Tavanir East Azerbaijan Electrical Power Distribution 40.00

267 Tavanir Central Electrical Power Distribution 40.00

268 Tavanir Mashad Electrical Power Distribution 40.00

269 Tavanir Kermanshah Province Electrical Power Distribution 40.00

270 Tavanir Boushehr Province Electrical Power Distribution 40.00

271 Tavanir Yazd Province Electrical Power Distribution 40.00

272 Tavanir Isfahan Electrical Power Distribution 40.00

273 Tavanir Tehran Province Regions Electrical Power Distribution 40.00

274 Tavanir Kurdistan Province Electrical Power Distribution 40.00

275 Tavanir North Kerman Province Electrical Power Distribution 40.00

276 Tavanir Isfahan City Electrical Power Distribution 40.00

277 Tavanir West Tehran Electrical Power Distribution 40.00 List of IPO Divestible SOEs and Activities, during March 21, 2010 until March 20, 2011

List of Divestible SOEs and Activities of Group 1, subject of the Article 2 of the Law on the Application of the General Policies of the Article 44 of the Constitution during March 21, 2010 until March 20, 2011

Divestible RowHolding Company SOE/ Activity Share (in percent)

278 Tavanir Iran New Energies Organization 100.00

279 Tavanir Iran Energy and Productivity Organization 100.00

280 Tavanir Iran Powerplant Repairs

281 Tavanir West Azerbaijan Electrical Power Distribution 40.00

282 Tavanir Isfahan Electrical Power Production Management 40.00

283 Tavanir Ahvaz Electrical Power Production Management 49.00

284 Tavanir Besat Electrical Power Production Management 40.00

285 Tavanir South Fars Electrical Power Production Management 40.00

286 Tavanir Rey Electrical Power Production Management 49.00

287 Tavanir Zarand Electrical Power Production Management 40.00

Systan and Balouchestan Province Powerplants 288 Tavanir 40.00 Management

289 Tavanir Arak Shazand Electrical Power Production Management 40.00

290 Tavanir Shahid Rajaee Electrical Power Production Management 49.00

Shahid Mofateh Electrical Power Production 291 Tavanir 40.00 Management

Shahid Mohammad Montazeri Electrical Power 292 Tavanir 40.00 Production Management

293 Tavanir Tarasht Powerplant Operation 40.00 List of IPO Divestible SOEs and Activities, during March 21, 2010 until March 20, 2011

List of Divestible SOEs and Activities of Group 1, subject of the Article 2 of the Law on the Application of the General Policies of the Article 44 of the Constitution during March 21, 2010 until March 20, 2011

Divestible RowHolding Company SOE/ Activity Share (in percent)

294 Tavanir Tous Electrical Power Production Management 40.00

295 Tavanir Fars Electrical Power Production Management 40.00

296 Tavanir Qom Electrical Power Production Management 40.00

297 Tavanir Guilan Electrical Power Production Management 49.00

298 Tavanir Loshan Electrical Power Production Management 40.00

299 Tavanir Mashad Electrical Power Production Management 40.00

Montazer Ghaem Electrical Power Production 300 Tavanir 49.00 Management

301 Tavanir Neka Electrical Power Production Management 49.00

302 Tavanir Hormozgan Electrical Power Production Management 49.00

303 Tavanir Yazd Electrical Power Production Management 40.00

304 Tavanir Zanjan Electrical Power Production Management 40.00

305 SATKAB Kish Water and Electricity 100.00

306 SATKAB Electrical Engineering Services (Moshanir) 53.94

307 SATKAB Electrical Industries (Saba) 50.00

Iran Water Zohreh and Jarahi Water Networks Operation and 308 Resources 49.00 Drainage Management List of IPO Divestible SOEs and Activities, during March 21, 2010 until March 20, 2011

List of Divestible SOEs and Activities of Group 1, subject of the Article 2 of the Law on the Application of the General Policies of the Article 44 of the Constitution during March 21, 2010 until March 20, 2011

Divestible RowHolding Company SOE/ Activity Share (in percent)

Iran Water 309 Resources Dasht Qazvin Water Networks Operation and Drainage 49.00 Management

Iran Water 310 Resources Zayandeh Roud Water Distribution and Operation 49.00 Management

Iran Water 311 Resources Guilan Water Networks Operation and Drainage 49.00 Management

Iran Water Karkheh & Shavar Water Networks Operation and 312 Resources 49.00 Drainage Management

Iran Water North Khouzestan Water Networks Operation and 313 Resources 49.00 Drainage Management

Iran Water 314 Resources South East Water Operation, Production and Transfer 49.00 Management

Iran Water 315 Resources Marun Water Networks Operation and Drainage 49.00 Management

Iran Water 316 Resources Tehran Water Networks Operation and Drainage 49.00 Management

Iran Water Dasth Golpayegan Water Networks Operation and 317 Resources 49.00 Drainage Management

Iran Water 318 Resources Mazandaran Water Distribution and Operation 49.00 Management Iran Water 319 Resources Fars Water Networks Operation and Drainage 49.00 Management Iran Water 320 Resources Getvand Water Networks Operation and Drainage 49.00 Management

Iran Water 321 Resources Minabroud Water Networks Operation and Drainage 49.00 Management

Iran Water 322 Resources Dasht Garmsar Water Networks Operation and Drainage 49.00 Management List of IPO Divestible SOEs and Activities, during March 21, 2010 until March 20, 2011

List of Divestible SOEs and Activities of Group 1, subject of the Article 2 of the Law on the Application of the General Policies of the Article 44 of the Constitution during March 21, 2010 until March 20, 2011

Divestible RowHolding Company SOE/ Activity Share (in percent)

Iran Water 323 Resources Bushehr Water Networks Operation and Drainage 49.00 Management

Iran Water & Power Plant Production 324 Resources 49.00 Management & Operation Management

Iran Water 325 Resources Dasht Saveh Water Networks Operation and Drainage 49.00 Management

Iran Water & Power Plant Production Management & 326 Resources 49.00 Operation Management

Iran Water 327 Resources Dasht Moghan Water Networks Operation and Drainage 23.00 Management Iran Water 328 Resources & Power Plant Operation 49.00 Management Iran Water 329 Resources Golestan Water Operation and Distribution 49.00 Management Iran Small 330 Industries and Central Province Industrial Parks 100.00 Industrial Parks Organization 331 ISIPO Guilan Province Industrial Parks 100.00

332 ISIPO Fars Province Industrial Parks 100.00

333 ISIPO Semnan Province Industrial Parks 100.00

334 ISIPO Yazd Province Industrial Parks 100.00

335 ISIPO Mazandaran Province Industrial Parks 100.00

336 ISIPO Kerman Province Industrial Parks 100.00

337 ISIPO Kohkiluyeh and Boyrahmad Province Industrial Parks 100.00

338 ISIPO Bushehr Province Industrial Parks 100.00 List of IPO Divestible SOEs and Activities, during March 21, 2010 until March 20, 2011

List of Divestible SOEs and Activities of Group 1, subject of the Article 2 of the Law on the Application of the General Policies of the Article 44 of the Constitution during March 21, 2010 until March 20, 2011

Divestible RowHolding Company SOE/ Activity Share (in percent)

339 ISIPO Ardebil Province Industrial Parks 100.00

340 ISIPO East Azarbaijan Province Industrial Parks 100.00

341 ISIPO Khorasan Province Industrial Parks 100.00

342 ISIPO Chahrmahal Bakhtyari Province Industrial Parks 100.00

343 ISIPO Tehran Industrial Parks 100.00

344 ISIPO Qom Province Industrial Parks 100.00

345 ISIPO West Azerbaijan Province Industrial Parks 100.00

346 ISIPO Isfahan Province Industrial Parks 100.00

347 ISIPO Zanjan Province Industrial Parks 100.00

348 ISIPO Qazvin Province Industrial Parks 100.00

349 ISIPO Kermanshah Province Industrial Parks 100.00

350 ISIPO Sistan and Baluchestan Industrial Parks 100.00

351 ISIPO Hormozgan Province Industrial Parks 100.00

352 ISIPO Lorestan Province Industrial Parks 100.00

353 ISIPO Golestan Province Industrial Parks 100.00

354 ISIPO Khuzestan Province Industrial Parks 100.00

355 ISIPO Kurdistan Province Industrial Parks 100.00

356 ISIPO Khorasan Razavi Province Industrial Parks 100.00 List of IPO Divestible SOEs and Activities, during March 21, 2010 until March 20, 2011

List of Divestible SOEs and Activities of Group 1, subject of the Article 2 of the Law on the Application of the General Policies of the Article 44 of the Constitution during March 21, 2010 until March 20, 2011

Divestible RowHolding Company SOE/ Activity Share (in percent)

357 ISIPO Hamedan Province Industrial Parks 100.00

358 ISIPO Ilam Province Industrial Parks 100.00

National Ghadir (Pardis) Urea and Ammonium Petrochemical 359 Petrochemical 49.00 Company Industries National 360 Petrochemical Arya SGS Quality Services 49.00 Industries National 361 Petrochemical Ilam Petrochemical Company 49.00 Industries National 362 Petrochemical Subordinate Petrochemical Industries Development 35.00 Industries National 363 Petrochemical Zagros Petrochemical Company 15.70 Industries National 364 Petrochemical Petrochemical Commodity 100.00 Industries National 365 Petrochemical Rahavaran Techniques Petrochemical Industries 100.00 Industries National Petrochemical Research and Technology Company 366 Petrochemical 100.00 (Pouyesh) Industries National 367 Petrochemical International Petrochemical Commerce 100.00 Industries National 368 Petrochemical Shiraz Petrochemical Co. 89.60 Industries National 369 Petrochemical Arvand Petrochemical Co. 80.00 Industries National 370 Petrochemical Shahid Tond Gouyan Petrochemical Co. 75.00 Industries National 371 Petrochemical Bisotoun Petrochemical Co. 70.00 Industries National 372 Petrochemical Uroumia Petrochemical Co. 70.00 Industries

National Subordinate Petrochemical Industries Development 373 Petrochemical 47.00 (Future Supply of Petrochemical Industries) Industries List of IPO Divestible SOEs and Activities, during March 21, 2010 until March 20, 2011

List of Divestible SOEs and Activities of Group 1, subject of the Article 2 of the Law on the Application of the General Policies of the Article 44 of the Constitution during March 21, 2010 until March 20, 2011

Divestible RowHolding Company SOE/ Activity Share (in percent)

National 374 Petrochemical Hegmataneh Petrochemical Co. 33.00 Industries National 375 Petrochemical Petrochemical Non-industrial Operation and Services 100.00 Industries National 376 Petrochemical Bushehr Petrochemical Co. 100.00 Industries National 377 Petrochemical Tabriz Petrochemical Co. 70.00 Industries National 378 Petrochemical Marjan Petrochemical Co. 49.00 Industries National 379 Petrochemical Bakhtar Petrochemical Co. 30.00 Industries National 380 Petrochemical Persian Gulf Petrochemical Co. 100.00 Industries National 381 Petrochemical Kavian Petrochemical Co. 17.50 Industries National 382 Petrochemical Mamasan Petrochemical Co. 20.00 Industries National 383 Petrochemical Gachsaran Petrochemical Co. 20.00 Industries National 384 Petrochemical Lordegan Petrochemical Co. 20.00 Industries National 385 Petrochemical Zanjan Petrochemical Co. 16.36 Industries National 386 Petrochemical Golestan Petrochemical Co. 12.82 Industries National 387 Petrochemical Petrochemical Terminals and Reservoirs Industries National 388 Petrochemical Petrochemical Special Economic Zone Industries National Petrochemical Petrochemical Investment 33،09 389 Industries

Constructions and Installations Engineering Services 390 IRI Railways 100.00 (Ballast)

391 IRI Railways Railway Lines and Buildings Technical Services 100.00 List of IPO Divestible SOEs and Activities, during March 21, 2010 until March 20, 2011

List of Divestible SOEs and Activities of Group 1, subject of the Article 2 of the Law on the Application of the General Policies of the Article 44 of the Constitution during March 21, 2010 until March 20, 2011

Divestible RowHolding Company SOE/ Activity Share (in percent)

392 IRI Railways Saipa Rails (Niroo Rail Transportation) 51.00

393 IRI Railways Rail Abrisham Pars 50.00

394 IRI Railways Niroo Rail Transportation 49.00

395 IRI Railways Tooka Rail 49.00

396 IRI Railways Samand Rail Transportation 40.00

397 IRI Railways South Rail Steel 49.00

398 IRI Railways IRI Shipping Combined Transportation 49.00

399 IRI Railways Raja Passenger Trains Company 100.00

400 IRI Railways Mapna Rail Industries and Transportation

401 IRI Railways Railway Cultural and Sports Institute 100.00

402 IRI Railways Metofer Affiliated Industries

403 IRI Railways Pars Wagon 17.00

Agricultural, Livestock and 404 Shahid Beheshti Farming and Industrial Company 100.00 Natural Resources Products Company Agricultural, Livestock and 405 Jiroft Farming and Industrial Company 100.00 Natural Resources Products Company Agricultural, Livestock and 406 Shahid Rajaee Farming and Industrial Company 100.00 Natural Resources Products Company Agricultural, Livestock and Moghan Farming and Industrial Animal Husbandry 407 100.00 Natural Resources Company Products Company List of IPO Divestible SOEs and Activities, during March 21, 2010 until March 20, 2011

List of Divestible SOEs and Activities of Group 1, subject of the Article 2 of the Law on the Application of the General Policies of the Article 44 of the Constitution during March 21, 2010 until March 20, 2011

Divestible RowHolding Company SOE/ Activity Share (in percent)

Agricultural, Livestock and 408 Iran Breeding Silkworm Company 100.00 Natural Resources Products Company Agricultural, Livestock and 409 Nekachoub Company 100.00 Natural Resources Products Company Agricultural, 410 Livestock and Shafaroud Wood Company 100.00 Natural Resources Products Company Agricultural, 411 Livestock and Farim Wood Industries and Operation Company 100.00 Natural Resources Products Company Agricultural, 412 Livestock and Sefidroud Animal Husbandry and Agricultural Company 100.00 Natural Resources Products Company 413 NIOC Petropars 100.00

414 NIOC North Drilling Company 50.00

415 NIOC Aik -Oil Industries Constructional Engineering Company 29.72

Tehran Oil Commodities Prepration and Manufacturing 416 NIOC 100.00 Support

South Turbine Industrial Equipments and Engineering 417 NIOC 100.00 Services

418 NIOC Oil Transportation and Support Services 100.00

419 NIOC Iran National Drilling 70.00

420 NIOC Oil Welfare Services

421 NIOC Iran Drilling Pira 100.00

422 NIOC Japan Oil Products

423 NIOC Canada Oil Products List of IPO Divestible SOEs and Activities, during March 21, 2010 until March 20, 2011

List of Divestible SOEs and Activities of Group 1, subject of the Article 2 of the Law on the Application of the General Policies of the Article 44 of the Constitution during March 21, 2010 until March 20, 2011

Divestible RowHolding Company SOE/ Activity Share (in percent)

424 NIOC Sujhe Ku

425 NIOC Senegal Shell 6.40

426 NIOC Oil Industries Engineering and Production 33.33

427 NIOC Abadan Lubricant Production 75.00

428 NIOC Advanced Abadan Technology 15.00

429 NIOC Sharjeh- NIOC

430 NIOC London- NIOC

431 NIOC Singapore- NIOC

432 NIOC Libya- NIOC

State Commerce 433 Tehran Farming Refrigeration House (Ajco) 100.00 Company

State Commerce 434 Persian Gulf International Transportation 98.00 Company

State Commerce 435 Iran Tranix 35.00 Company

State Commerce 436 Sam Refrigeration House (having legal problems) 100.00 Company

State Commerce Sardsir Farming and Industrial Company (having legal 437 21.60 Company problems)

State Commerce 438 Commercial International Inspection Company 90.00 Company

State Commerce 439 Abadan Marine Services and Transportation 30.00 Company List of IPO Divestible SOEs and Activities, during March 21, 2010 until March 20, 2011

List of Divestible SOEs and Activities of Group 1, subject of the Article 2 of the Law on the Application of the General Policies of the Article 44 of the Constitution during March 21, 2010 until March 20, 2011

Divestible RowHolding Company SOE/ Activity Share (in percent)

440 Agricultural Services Special Airway Services Joint Stock Company 100.00

441 Agricultural Services Water and Soil Engineering Services Company 100.00

442 Agricultural Services Agricultural Protective Services 100.00

443 Agricultural Services State Livestock Affairs Support Company 100.00

Physical Education 444 Sports Places Development and Maintenance 100.00 Company

Physical Education 445 Pirouzi (Perspolis) Cultural and Sports 100.00 Company

Physical Education 446 Esteghlal Cultural and Sports Gymnasium 100.00 Company

Ministry of 447 Farsh Iran 100.00 Commerce

Ministry of 448 IRI International Fairs 100.00 Commerce

Ministry of Roads 449 Soil Technical and Mechanical Lab 100.00 and Transportation Ministry of Science, 450 Research and Iran Scientific and Cultural Publications 49.00 Technology Ministry of Housing 451 and Urban Vavan Construction and Urban 100.00 Development Ministry of 452 Sugar Cane Development and Affiliated Industries 20.00 Agricultural Jihad

453 Iran Airway Homa Hotel Groups 100.00

454 Iran Airway Iran Air Tour 100.00

Road Maintenance Joint Stock Combined Company of Iran and Russia 455 50.00 and Transportation Transportation (Airsotour)

Iran Cultural 456 Heritage, Iran and Tourism Development Handcrafts and Iran Cultural 457 Heritage, Tourism Development Handcrafts and List of IPO Divestible SOEs and Activities, during March 21, 2010 until March 20, 2011

List of Divestible SOEs and Activities of Group 1, subject of the Article 2 of the Law on the Application of the General Policies of the Article 44 of the Constitution during March 21, 2010 until March 20, 2011

Divestible RowHolding Company SOE/ Activity Share (in percent)

Iran Cultural The Fund for Historical Places Revitalization and 458 Heritage, Handcrafts and Operation Tourism Iran Urban Central Region Civil Development and House 459 Development and 30,00 Constructors Revitalization

Iran Urban 460 Development and West Region Civil Development and House Constructors 40,00 Revitalization

Iran Urban South Region Civil Development and House 461 Development and 40,00 Constructors Revitalization

Iran Urban North West Region Civil Development and House 462 Development and 40,00 Constructors Revitalization

Iran Urban 463 Development and Iran Region Civil Development and House Constructors 20.82 Revitalization

Iran Urban Sistan and Baluchestan Province Civil Development and 464 Development and 17.00 House Constructors Revitalization

Iran Urban Mazandaran Province Civil Development and House 465 Development and 20.00 Constructors Revitalization

Iran Urban Yazd Province Civil Development and House 466 Development and 49.00 Constructors Revitalization

Iran Urban Semnan Province Civil Development and House 467 Development and 17.00 Constructors Revitalization

Iran Urban Bushehr Province Civil Development and House 468 Development and 17.00 Constructors Revitalization

Iran Urban 469 Development and Samen Civil Development and House Constructors 40.00 Revitalization

Iran Urban 470 Development and Masoumieh Qom Civil Development 17.00 Revitalization

Iran Urban 471 Development and Khuzestan Civil Development and House Constructors 17.00 Revitalization List of IPO Divestible SOEs and Activities, during March 21, 2010 until March 20, 2011

List of Divestible SOEs and Activities of Group 1, subject of the Article 2 of the Law on the Application of the General Policies of the Article 44 of the Constitution during March 21, 2010 until March 20, 2011

Divestible RowHolding Company SOE/ Activity Share (in percent)

Iran Urban South Khorasan Province Civil Development and House 472 Development and 17.00 Constructors Revitalization

Iran Urban Lorestan Province Civil Development and House 473 Development and 20.00 Constructors Revitalization

Iran Urban Guilan Province Civil Development and House 474 Development and Constructors Revitalization

Iran Urban Qazvin Province Civil Development and House 475 Development and 17.00 Constructors Revitalization

Iran Urban Chaharmahal Bakhtiari Province Civil Development and 476 Development and 20.00 House Constructors Revitalization

Iran Urban Ardebil Province Civil Development and House 477 Development and 17.00 Constructors Revitalization

Iran Urban Hormozgan Province Civil Development and House 478 Development and 17.00 Constructors Revitalization

Iran Urban 479 Development and Karaj City Civil Development and House Constructors 17.00 Revitalization

Iran Urban Ilam Province Civil Development and House 480 Development and 20.00 Constructors Revitalization

Iran Urban Golestan Province Civil Development and House 481 Development and 17.00 Constructors Revitalization

Iran Urban Fars Province Civil Development and House 482 Development and 49.87 Constructors Revitalization

Iran Urban Hamedan Province Civil Development and House 483 Development and 17.00 Constructors Revitalization

Iran Urban Kurdistan Province Civil Development and House 484 Development and 17.00 Constructors Revitalization

Iran Urban West Azerbaijan Province Civil Development and House 485 Development and 20.00 Constructors Revitalization List of IPO Divestible SOEs and Activities, during March 21, 2010 until March 20, 2011

List of Divestible SOEs and Activities of Group 1, subject of the Article 2 of the Law on the Application of the General Policies of the Article 44 of the Constitution during March 21, 2010 until March 20, 2011

Divestible RowHolding Company SOE/ Activity Share (in percent)

Iran Urban Zanjan Province Civil Development and House 486 Development and 17.00 Constructors Revitalization

Iran Urban North Khorasan Province Civil Development and House 487 Development and 17.00 Constructors Revitalization Institute for Trade 488 Studies and Rahbar Informatics Services 95.00 Research Iran Geological and 489 Geology Development Science 37.00 Mine Discoveries

490 Ministry of Energy Cement (Project Karun 3) 5.00