Government Commission on Investors and Management Companies Selection for Enterprises of Textile Sector, established pursuant to the Decree of the President of the Republic of Uzbekistan dated April 21,2006 #PP-330 announces the bid on selection of investors and management companies for the following textile enterprises:

Sale of JV "Turtkultex" as property complex:

• Minimal amount of redemption payment is 5.3 mln euro.
• Term of redemption is not more than 7 years.
• Advance payment is not less than 20% during 3 days after signing of contract.
• Payment of remainder redemption price should be done during 7 years in equal payments.
• Capacity utilization during 1 year from the time of acquisition should be not less than 85%.
• Export not less than 80% of products manufactured.

Sale of "Khozarasp Textile" LLC as property complex:

• Minimal amount of redemption payment is 7.5 mln USD.
• Term of redemption is not more than 15 years.
• Capacity utilization during 1 year from the time of acquisition should be not less than 85%.
• Export not less than 80% of products manufactured.