Shareholders

A special general meeting held on 15th August 2005 concluded that all registered minority shares of Subterra a.s., with an issued value of CZK 1000,- were transfered to the majority shareholder Metrostav a.s in accordance with the provisions (§ 183 thereafter) of the Commercial Code.

The stock of minority shares was transfered to Metrostav for a pecuniary consideration of CZK 1350,- for each issued value CZK 1000,- share. CZK 1350,- was a valuation supported by a conclusion of a certified expert.  The resolution of the special general meeting of 15th August 2005 was registred in Commercial Register on 30th August 2005. This resolution was also published in Commercial Journal on 21st September 2005.

Regarding to the provisions of Commercial Code and the resolution of the special general meeting the stock ownership of minority shareholders was transfered to the majority shareholder on 21st September 2005. From that date on Metrostav a.s. has been the sole shareholder of Subterra a.s. and carries out the functions of the company´s general meeting.