BRATISLAVA, October 6th, 2008

Consolidated figures show last year’s taxed profit of the investment group Slavia Capital at SKK 185.4 million (EUR 6.154 million). This is an increase of 149 percent when compared with 2006. “The profit growth last year can be chiefly ascribed to the profit from transferred claims and trading in claims at increased volume of transactions with higher added value,” said Slavia Capital spokesman Peter Bencurik. Balance-sheet total of the group stood at SKK 2.33 billion (EUR 77.34 million), going up 25 percent y/y. Shareholders’ equity rose SKK 142 million (EUR 4.714 million) y/y to SKK 1.13 billion (EUR 37.51 million). “Concerning financial indicators in absolute terms, net working capital grew 305 percent y/y. From the viewpoint of financial ratios, profit to assets ratio rose 3.9 percent y/y and P/E ratio by 8.4 percent y/y. All liquidity indicators improved too, and immediate liquidity even jumped by 94 percent,” added Bencurik.

Slavia Capital Group focuses chiefly on private equity operations. It develops its business primarily in central and eastern Europe, namely in Slovakia, the Czech Republic, Serbia, Poland and Rumania. From the viewpoint of sectors, it concentrates on the power sector, renewable energy sources and fuels, financial services, food industry and the farm sector, real estate and some investments opportunities with higher yield. It has been operating on the market since 1995. The sum of assets of the ultimate parent company of Slavia Capital group currently amounts to SKK 10 billion (EUR 331.9 million).