<p> REPUBLIC OF MONTENEGRO AGENCY OF MONTENEGRO FOR ECONOMIC RESTRUCTURING AND FOREIGN INVESTMENT</p><p>ANNOUNCES</p><p>Public Invitation for the sale of shares of the HTP»BOKA« - AD Herceg Novi company (hereinafter »Company«)</p><p>The Agency of Montenegro for Economic Restructuring and Foreign Investment herewith invites qualified international and domestic strategic investors to submit their bids for the purchase of:</p><p>15.046.899 shares or 57.2862 % of the share capital of the HTP»Boka«-AD Herceg Novi company , owned by the Republic Fund for pension and disability insurance (6.868.480 shares or 26.1495%),Employment Bureau (2.289.494 shares or 8.7165%) and Development Fund of the RoM (5.888.925 shares or 22.4202%) .</p><p>Company’s information • Hotel touristic company Boka ad Herceg Novi • Registration number: 02008238 • Address: Manastirska 8 Herceg Novi • Total number of shares: 26.267.207 • Activities of the company: Hotels and motels, along with resaturant</p><p>Detailed information about the privatization process, along with tender documentation will be made available to all interested parties that have signed a Confidentality Agreement and purchased the Tender Documents ( Information memorandum, Instructions to Bidders along with bid evaluation criteria, and draft of the SPA), for five thousand Euros (EUR 5.000). As a prerequisite for submitting a Bid, payment of a deposit, or a bank guarantee, for the Privatization Council as a beneficiary in the amount of one hundred fifty thousand Euros (EUR 150.000), is required.</p><p>The deadline for submission of the final offers by the Bidders is August 1. 2005, at 15.00 (Podgorica time).</p><p>Interested parties are hereby invited to visit the offered capacities and all communications and inquires relating to this Tender Announcement should be directed to the Agency at the following address:</p><p>Agency of Montenegro for Economic Restructuring And Foreign Investment Jovana Tomaševića bb, 81000 Podgorica Tel: +381 81 242 640, 246 411 Fax: +381 81 245 756 e-mail: [email protected] Contact persons: Branko Vujović, Director Tanja Borozan, advisor</p>