UNIPETROL, a.s. ("Unipetrol"), as the owner of shares in PARAMO, a.s., Id. No. 481 73 355, with its registered office at Pardubice, Přerovská čp. 560, Post Code 530 06 ("Paramo"), representing 91.77 % share in the registered capital and voting rights of Paramo, intends to squeeze out the other shares of Paramo within the meaning of Sections 183i et seq. of the Commercial Code and become the sole shareholder of Paramo, provided that Unipetrol will provide to the other shareholders of Paramo, upon fulfillment of all conditions prescribed by applicable law, the monetary consideration in the amount of CZK 977 (in words: nine hundred seventy seven Czech crowns) per one (1) share of Paramo (the "Squeeze-out"), being equal in aggregate for all squeezed out shares to CZK 106,965,868 (in words: one hundred six million nine hundred sixty five thousand eight hundred sixty eight Czech crowns).

The amount of the Squeeze-out consideration was determined on the basis of an appraisal report prepared by American Appraisal s.r.o. The intention to implement the Squeeze-out under the above specified conditions has been approved by the Supervisory Board and the Board of Directors of Unipetrol.

Important Notice

Please note that implementation of the Squeeze-out under the above specified conditions is subject, in particular, to granting of a prior approval of the Czech National Bank with evidence of consideration amount and adoption of a resolution by the General Meeting of Paramo on transmission of all other shares of Paramo to Unipetrol.

In Prague, October 14, 2008

Reg. Announcement No. 024/2008