In its inside information of 31 October 2007, UNIPETROL, a.s. ("Unipetrol") informed that on 31 October 2007, Unipetrol entered with DEZA, a.s., with its registered office at Valašské Meziříčí, Masarykova č.p. 753, Company Id. No. (IČ): 00011835 ("Deza") into the Settlement Agreement concerning the out-of-court settlement of disputes regarding the sale to Deza of shares of AGROBOHEMIE a.s., with its registered office at Prague 4, Chodov, Pyšelská 2327/2, Company Id. No. (IČ): 63078121 ("Agrobohemie"), owned by Unipetrol and shares of Synthesia, a.s. (with original business name ALIACHEM a.s.), with its registered office at Pardubice, Semtín, Pardubice č.p. 103, Company Id. No. (IČ): 60108916 ("Synthesia"), owned by Unipetrol.
Jointly with the Settlement Agreement, Unipetrol as seller and Deza as purchaser entered into (a) the agreement on transfer of shares concerning the transfer of 47,000 pieces of shares of Agrobohemie with the nominal value of CZK 10,800 each and (b) the agreement on transfer of shares concerning the transfer of 26,447,571 pieces of shares of Synthesia with the nominal value of CZK 40 each and transfer of 1,529,591 pieces of shares of Synthesia with the nominal value of CZK 400 each.
Unipetrol hereby informs that on 18 January 2008, the transfer of 47,000 pieces of ordinary certificated registered shares of Agrobohemie with the nominal value of CZK 10,800 each and 26,447,571 pieces of ordinary bearer shares of Synthesia with the nominal value of CZK 40 each and 1,529,591 ordinary bearer shares in Synthesia with the nominal value of CZK 400 each pursuant to the agreements on transfer of shares was closed. The purchase price for the Agrobohemie shares amounted in total to CZK 503,000,000 (in words: five hundred and three million Czech crowns). The purchase price for the Synthesia shares amounted in total to CZK 680,000,000 (in words: six hundred and eighty million Czech crowns).
Following the closing of the transfer of the shares of Agrobohemie and Synthesia by Unipetrol to Deza, the Settlement Agreement became final. As a result, all outstanding disputed claims between Unipetrol and Deza were settled, i.e., the risk on a part of Unipetrol relating to a payment to Deza of a high contractual penalty and to potential legal defects of the sale of shares of Agrobohemie and Synthesia was eliminated.
Additional Information
The Agrobohemie Shares represented 50% interest and votes of Unipetrol in Agrobohemie.
The Synthesia Shares represented 38.79% interest and votes of Unipetrol in Synthesia.
In Prague on 18 2008
UNIPETROL, a.s.
Reg.Announc. No. 001/2008