Squeeze-out of shares in PARAMO, a.s.Following the inside information of UNIPETROL, a.s. ("Unipetrol") dated 14 October 2008 regarding the intention of Unipetrol to implement the squeeze-out of other shares of PARAMO, a.s., Id. No. 481 73 355, with its registered office at Pardubice, Přerovská čp. 560, Post Code 530 06 ("Paramo") within the meaning of Sections 183i et seq. of the Commercial Code, Unipetrol hereby informs that on 28 November 2008 a decision of the Czech National Bank became effective, in which the Czech National Bank granted its approval with the evidence of the monetary consideration amount payable by Unipetrol upon fulfillment of all conditions prescribed by applicable law to other shareholders of Paramo 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 to CZK 106,965,868 (in words: one hundred six million nine hundred sixty five thousand eight hundred sixty eight Czech crowns) in aggregate for all squeezed-out shares of Paramo.
On 28 November 2008, Unipetrol delivered to Paramo a request for convocation of the Extraordinary General Meeting of Paramo concerning a resolution on the transfer of all other shares in Paramo to Unipetrol.
Important Notice
The implementation of the Squeeze-Out under the above specified conditions is subject, in particular, to the adoption of a resolution by the General Meeting of Paramo on the transfer of all other shares of Paramo to Unipetrol.
In Prague on 28 November 2008
Reg. Announcement No. 026/2008
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