SC Florian Haus Prodcom SRL

Cabinet de reorganizare şi lichidare
Administrator judiciar/Lichidator Rodica Ghiţă
Tel/fax: 031 800 7900

SC Florian Haus Prodcom SRL

PROCEDURE OF PRICE APPROVAL:

The legal liquidator summoned the General Creditors' Meeting on April 18, 2007 for approval of the starting price and for determination of the real estate capitalization method.

Before this date the legal liquidator received a direct purchase bid for the price of EUR 450.000.

At the General Creditors' Meeting, the purchasing bidder increased the price for direct sale to EUR 551.000 excluding VAT.

After reception of this bid, the General Creditors' Meeting decided to capitalize the real estate through direct sale according to art.118 of Law 85/2006, to a price exceeding the amount of EUR 551.000.

According to art.118 (4) the date of May 18, 2007 was established as overbid deadline, while the incremental overbids were established in the amount of EUR 100.000.

After the overbidding deadline, within the period 21-25 May 2007, the bid and overbid commission shall examine all the overbid offers filed until May 18, 2007 and if it deems necessary it will invite the persons with the most advantageous offers at direct negotiations.

Following these procedures, it will identify the person who offered the biggest price and the most favourable conditions, who will be declared winner and who will become the real estate buyer.