The initial public offering of 2,000,000 new shares, representing the capital of Enemona Jsc will be held November 26 (Monday), after the IPO announcement (incl the subscription parameters) was published in the State Gazette on Friday, November 16. The announcement also appeared in one national daily newspaper.

Orders have to be submitted in the offices of Elana Trading and UBB, between 9.00h and 16.00h on November 26. Placement will be announced the following day – November 27. The subscription will be held using the book-building method, the price will be between 11 and 16.80 leva.

According to the decision adopted by the Board of Directors, the IPO will be rendered successful if at least 1,200,000 new shares, or 60% of all, are subscribed and paid. The maximum IPO proceeds are estimated at 33,600,000 leva (17,179,407 euros) in case the whole amount is subscribed at the maximum price per share.

Enemona's current capital is allocated in 9,933,600 shares, and in case of a successful IPO, the number of shares will become 11,933,600. Enemona is planning another capital increase by 2010. The company's free-float is projected to reach 25%.

Trade with the issue is expected to start in January 2008, after all registration procedures are completed.

The IPO proceeds will be used to fund the company's investment activities.