| Kazincbarcika, September 18, 2006 Subject: Extraordinary announcement Notice on the conditional decrease of influence BorsodChem Nyrt. hereby informs its investors and other participants of the capital markets that FIRTHLION LIMITED submitted the following notification to the Company: " FIRTHLION LIMITED (headquarters: 38 Princes Court 88 Brompton Road Knightsbridge, London SW3 1ES, U.K Registration Number: No 3760112) in compliance with its obligation stipulated in Section 67 of Act CXX of 2001 of the Capital Markets hereby announces that on September 14, 2006 parties modified the option agreement concluded with Kikkolux S. ar.l. ( 282 route de Longwy, L-1940 Luxembourg , Company Registry: B 109 992 ) on July 6, 2006 for the sale of 21,274,975 i.e. twenty-one million two hundred seventy-four and nine hundred seventy-five pieces of Borsodchem Rt. ordinary shares representing 26.158% direct shareholding in Borsodchem Rt. aimed at conditional controlling stake reduction as follows: FIRTHLION LIMITED undertakes the obligation that providing the authorized entity of the option is (or its subsidiary or associated enterprise) Borsodchem Nyrt., it will make a valid purchase offer for the Company’s ordinary shares at a purchase price of HUF 3000/piece selling its option shares to the bidder within the framework of the offer provided that inasmuch the purchase offer ceases to have effect prior to the expiration of the option period, the alienation ban undertaken in the option agreement remains until the expiration date of the option period. In case the purchase offer becomes ineffective due to a valid counter bid, the option period will expire on the 5th day following the starting day of deadline being open for approving the counter bid. The end-period available for exercising the option has been modified from October 31, 2006 to November 30, 2006, namely that if the purchase offer related to Borsodchem Nyrt.’s ordinary shares to be submitted by the authorized entity of the option (or its subsidiary or associated enterprise) to the Hungarian Financial Supervisory Authority (hereinafter referred to as Pszáf) is not approved within 15 days following the submission of the application, then the period available for option drawdown will be extended by as many days as it exceeded 15 days of the approval of the purchase offer by Pszáf." Kay Gugler Chief Executive Officer ------------------------------------------------------------------------ Raport ten został równiez opublikowany na Budapesztańskiej Giełdzie Papierów Wartościowych oraz na Londyńskiej Giełdzie Papierów Wartościowych. Miklós Hanti Dyrektor Departamentu Relacji Inwestorskich | |
