The initial sale of the capital increase rights of Hyundai Finance Special Purpose Vehicle-Sofia will start on 21 April 2007 through “Mixed Closed Auction”, BSE announced.

The BSE code of the issue is R1HFSPV, the time interval of the auction is 9:30 AM - 11.00 AM.

Secondary trade in the issue rights will also start on 21 April at 9.30 AM, and the BSE code of this issue is R2HFSPV.

The company’s capital is 500,000 leva. 150,000 shares with a par value of 1 lev each are offered for subscription.

The number of the issued rights is also 150,000. The trade in the rights will end on 3 May 2007. Applications for participation in the increase can be submitted by 30 May 2007.

Hyundai Finance SPV is the first public investment trust, which intends to buy car leasing contracts receivables.

The receivables will be under contracts, signed by Industrial Commerce Ltd. And Hyundai Leasing EAD for sale of HYUNDAI cars and include interest, principal and financial and operating leasing receivables.

Hyundai Finance SPV is owned by Industrial Commerce Ltd. (70%) and Sinergon Holding AD (30%).