INTEREUROPA, d.d., Koper

Koper, 19 May 2008: The Supervisory Board of Intereuropa d.d. discussed and adopted, in today's 32nd ordinary meeting, the Business Report by the Managing Board for the First Quarter of the Year 2008, and adopted the Resolutions Proposal for the 18th General Meeting. In the reporting term, the Intereuropa Group achieved a net sales turnover of EUR 63 million, or 14.5% higher than in the first quarter 2007. The Net Profit was EUR 1.7m, or by 22.2 percent above the plan.

32nd Ordinary Meeting of the Supervisory Board of Intereuropa d.d.

The Supervisory Board dealt with the Report by the Managing Board on the Intereuropa Group performance for the first quarter of the year (January - March 2008) and adopted it, acknowledging that the Group's performance was successful. In the reporting term, the Group achieved the net sales revenue of EUR 63 million and the growth rate of 14.5% above the comparable preceding year's term. The sales results show a considerable improvement in all business segments: the highest rise (23%) was recorded by Logistics Solutions, while the Continental and Intercontinental Services exceeded the last year's results by 13%. These sales results reflect the expansion of operations to new geographical areas, but also the commencement of the use of some newly acquired capacities. The net sales revenue in the companies located in non-EU countries is higher by 41% than in the comparable period a year ago.

The operating result of EUR 4.2 million outstripped the preceding year's achievement by 63%. Although this figure is not on the planned level, it is still within the expected result for the first quarter. Given that the Group is not using the new infrastructure to the full extent yet, we expect the favourable effect to continue in the next reporting periods. The Net Profit of the first quarterly term amounts to EUR 1.7m and is 22.2 percent above the plan. If the profit from the sale of the interest in Banka Koper d.d. be excluded, the Group has exceeded the Net Profit of the comparable last year's term despite much bigger financial load for investments.

The Supervisory Board has also dealt with the agenda for the General Meeting and adopted the proposals of resolutions for the shareholders to decide on the 18th regular the General Meeting of Intereuropa d.d. scheduled for the 4th July 2008.

Before granting the consent to the investment in Moscow (Czechow), the Supervisory Board was acquainted with the financing plan, however, it requested the Managing Board to supply additional explanations on investment financing. The investment in Moscow will be financed by own funds (55%) and long-term borrowings (45%). Intereuropa will pool its own funds from the profits paid out by the Group members, the proceeds from the disposal of non-operating real property, by using the modalities offered by the operating and financial lease to finance the new investments, and by issuing new capital. The Supervisory Board got further informed on the effects of the investment and financing thereof on the financial statements of Intereuropa d.d., of the subsidiary Intereuropa-East and of the Intereuropa Group.

Besides that the Supervisory Board discussed the disposal of property in Ljubljana and suggested that the procedure is initiated by public sale.

The media release will be available on SEO-Net and the corporate website of Intereuropa, www.intereuropa.eu, at least five years after the publication date.

Date: 19. 5. 2008