In accordance with the relevant privatization programs, the State Assets Management Agency (hereinafter - the UzSAMA) announces the start of the open sales process of 94.9% share of Uzagrosanoatloiha LLC (hereinafter - the Asset).

In order to implement the privatization process on the basis of international best practices, the Company Abrau Capital (hereinafter - the Consultant) was attracted by the UzSAMA as a privatization consultant on the basis of a competitive selection process.

Briefly about the Asset:

Uzagrosanoatloiha LLC - deals with engineering activities, particularly specializes in the engineering of enterprises for the production and refining of agricultural products, farm infrastructure, housing and social facilities.

• Authorized fund: 182.7 million UZS;
• TIN - 207084147.

Information on the sales process:

The process of selling the Assets is based on the method of public invitation to negotiation, which is open to all interested parties (hereinafter - Participants).

The sales process is carried out in two stages, including the stages of Expression of interest and collection of Binding offers (BO).

On realization of the Express of interest stage of the sales process:

Applicants are invited to submit their Expression of Interest for the Asset in the form of application, including the following information:

1. Information about the applicant, for a natural person: a copy of passport/ID-card, as well as data confirming the financial ability to purchase the Asset.

2. Information about the applicant, for a legal entity:

• Information on the enterprise/company, including a copy of constituent documents (charter) and registration certificate, as well as TIN data;
• Information on shareholders/participants, as well as the final beneficiaries, indicating the share of the founder/participant/shareholder holding more than 5% of shares, in cases where there is more than one founder, participant or shareholder;
• Financial statements for the last 3 years (in case the company has been established for less than 3 years, financial statements for the period of its activity).

The Expression of Interest can be prepared in Uzbek, Russian or English languages until 18:00 (Tashkent time) on December 5, 2024 and sent to the e-mail address: almo@abraucapital.com.

As part of this sales stage, the Consultant will distribute investment teasers to attract potential investors.

Received applications will be sorted according to the following criteria:

• Sufficient financial resources to purchase the asset;
• must not be an enterprise with state participation (a business entity with a state share in the authorized fund (authorized capital) of more than fifty percent or a business entity with the size of the state share in the authorized fund (authorized capital) greater in relation to the share of each other shareholder (participant) of the business entity, as well as a state unitary enterprise);
• the absence of administrative, arbitration or other legal proceedings that may prohibit participation in the privatization process;
• Compliance with the Law of the Republic of Uzbekistan No. 660-II "On combating the legalization of proceeds from criminal activities, the financing of terrorism and the financing of the distribution of weapons of mass destruction";
• The applicant (in the case of a consortium, none of the members of the consortium) and none of its related persons must not be included in the list of sanctions of the European Union and the United States, as well as major international financial institutions (World Bank, European Bank for Reconstruction and Development, Asian Development Bank). However, on the date of application, the applicants should not be the subject/(s) of any case or investigation by the sanctioned person/(s) or the sanctioning authorities mentioned above. Also, the applicants (in the case of a consortium, none of the members of the consortium) and none of its related persons must not be involved in any activity (directly or through any of its subsidiaries) that is contrary to the sanctions regime of the aforementioned institutions and countries, and the Applicant (consortium) in case, none of the members of the consortium), as well as any of its related persons, should not be the main financing parties or creditors of the sanctioned persons or banks or financial institutions owned or controlled by the sanctioned persons.

The contact persons for this project are:

• Olimjon Alimov, Director of Abrau Capital: almo@abraucapital.com, tel. +998(97) 783-75-27;
• Talat Samandarov, Head of Department of the UzSAMA: tender@davaktiv.uz, tel. +998(71) 259-20-67.

In turn, before submitting binding offers, participants who passed the stage of Binding Offers (BO) are obliged to pay at least 1% of the proposed binding offer price as a security payment, as well as undertake to keep the Assets in operation for at least 5 years.

The results of each stage of the sales process will be officially published on the website of the UzSAMA and the Consultant will send individual notification to each participating candidate by means of Process letters.

DISCLAIMER

The State Assets Management Agency reserves the right to change the sequence of the privatization process or refuse to sell to any potential buyer(s) or negotiate with them at any time without explanation.

This announcement, or any part of its content, should not be taken as a form of obligation on the part of the State Assets Management Agency, “Abrau Capital” in relation to the Asset sale, as one might assume in connection with the publication of this announcement. The State Assets Management Agency and “Abrau Capital” reserves the right, in its sole discretion, at any time and in any respect, without assuming joint or individual responsibility:

(i) Change the deadline for submission of applications;

(ii) Follow different procedures with respect to different stakeholders and/or negotiate with one or more potential buyers within the schedule and procedure established jointly by the State Assets Management Agency and “Abrau Capital”, to the exclusion of any other potential buyer(s) without prior notice;

(iii) Stop the sale process for any reason;

(iv) Stop all discussions and negotiations with any potential buyer(s) in relation to the Transaction at any time and without explanation.