Equest Inv Balkans

Exercise of Guarantee in resp

RNS Number : 3738F
Equest Investments Balkans Ltd
11 January 2010


("EIB" or the "Company")

Exercise of Guarantee in respect of TMD Loans

Further to the announcement on 31 December 2009, the Company has now been informed that, as expected, Raiffeisen Zentralbank Osterreich AG ("RZB") has received the balance of €17 million (plus accrued interest) due to be repaid to it by 31 December 2009 by calling the Citibank, N.A., Sofia Branch guarantee issued to RZB as part of the restructuring of TechnomarketDomo NV's ("TMD") debt facilities last summer (the "Citibank Guarantee").  This amount, in turn, was met by the State General Reserve Fund of Oman ("SGRF"), EIB's largest shareholder, under the terms of its counter indemnity granted in respect to the Citibank Guarantee.  The terms of the Citibank Guarantee, SGRF's counter indemnity to Citibank and the indemnity and security provided by EIB to SGRF were described in the announcement on the restructuring of the TMD debt facilities of 16 July 2009.

EIB will issue a further announcement shortly providing information in respect to its progress with the execution of its refocused strategy for its core assets and with its debt obligations.


Equest Investments Balkans Limited

Ian Schmiegelow

Natalie Weedon

Tel: + 44 20 7630 3350

Financial Dynamics

Ed Gascoigne-Pees
Nick Henderson

Tel: + 44 20 7269 7132

Collins Stewart Europe Limited

Hugh Field

Tel: +44 20 7523 8350

KBC Peel Hunt Limited

Capel Irwin

Tel: + 44 20 7418 8900


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