TOBACCO AD will initiate emission of 200.000 common stocks in a public offer. The minimal price of a stock is 617 MKD. The details for the offer itself the deathliness and the ways in which the enrolment can be admitted will be published in the printed media and on a website www.tobacco.mk immediately after the Christmas holidays.

The decision for additional capitalization has been made in 2009 in accordance with the business strategy of the company and is a support to the plan for expansion of the sales network. In the past two years the management team worked hard on restructuring the company and preparation for the new emission of stocks. During the restructuring we cooperated with PricewaterhouseCoopers, EBRD, USAID and IFC, which helped in settling of modern structure of corporate management and system of management of risks which will bring additional value for the future shareholders. Of course, in the process of creating the Prospect we cooperated with organizations like NLB Tutunska Broker AD Skopje and Grant Thornton DOO, which acted as consultants.The company has an attainable business plan and already established position on the market which we believe will trigger interest in investors, especially when other opportunities for fertilization of the capital are limited. The basic belief of the management is that investing in the times of crisis is of strategic importance for the success of the company, on a long term basis. The details of the Strategy and the Plan for development are extensively described in the Brochure. The funds collected from the public offer will be directed toward investments in the sales network and towards optimization of the structure of the capital in accordance with the business plan of the company. The purpose of the funds is distributed in way to ensure good return to the investment of the shareholders. The things which are written in the Brochure are obligating and the management of the company must strive to achieve the goals which are described in it. Realization of the plan of development will be based on realizing of the key factors of success trough usage of competitive advantages. The plan of development includes expansion of the retail network, increase in revenue from services and increase in revenue from marketing activities. After the Christmas holidays, the Prospect and the Invitation for enrollment of the publicly offered stocks will be announced and the public will have the opportunity to get to know all aspects of the offer. It will be our great pleasure to have a great number of shareholders and if a great numbers of the shareholders are our loyal customers. TOBACCO is client oriented company because all processes in the company begin and end with our customers.