€24.8 million worth investment for Hemofarm

On Thursday, April 29, 2004, at 5pm, at the Hotel Intercontinental, Serbian Finance Minister Mladjan Dinkic, after participation in the Annual Meeting of the European Bank for Reconstruction and Development (EBRD) in London, will be present at the signing of a contract between Hemofarm Concern and the European Bank for Reconstruction and Development, owing to the intensifying of Hemofarm’s presence at the Russian market.

The contract will be signed by Mr. Miodrag Babic, the Concern’s President, on behalf of Hemofarm and Mr. Olivier Descamps, the EBRD Business Group Director for Southern and Eastern Europe and the Caucasus. After the signing they will hold a press conference.

€22 million of the €24.8 million worth investment are provided through the credit arrangement with the EBRD.