In compliance with the provisions of the Ljubljana Stock Exchange Rules and the applicable legislation, the company ISTRABENZ, d.d. (Plc.), Koper hereby publishes the following notification:

With regard to the Agreement on the Sale and Transfer of a 51-percent interest in the company Instalacija, d.o.o. which was executed between the company Istrabenz, d.d. in its capacity as Seller and the company Petrol d.d., Ljubljana acting as Buyer (in the following text “Agreement”), the Istrabenz Holding Company d.d. hereby informs the interested public that all suspension conditions as set forth in the Agreement have been met and the obligation to execute the Agreement has become effective.

The Purchase Price for the entire 51-percent interest in the company Instalacija, d.o.o. amounts to 57.8 million euros, increased by accrued interest as set forth in the Agreement. According to the provisions of the Agreement, the payment of the purchase price for the 51-percent participating interest is to be carried out in three parts.

Today, on 30^th January 2012 the first execution of the Agreement on the Sale and Transfer of a 51-percent participating interest in the company Instalacija, d.o.o. took place. Namely, the transfer of a 28.05-percent interest in the company Instalacija, d.o.o. was accomplished and a part of the purchase price in the amount of 31.8 million euros, increased by accrued interest as defined in the Agreement was settled. In line with the Agreement, the payment of the remaining purchase price and the transfer of the remaining 22.95-percent interest in the company Instalacija, d.o.o. are expected to be made in two equal instalments in 2013.

Istrabenz, d.d. sold its participating interest in the company Instalacija, d.o.o. in line with its activities related to the implementation of its financial restructuring plan. 

This notification will be published also on the Company's website www.istrabenz.si as of January 30^th 2012, and will remain posted for a period of at least five years.