Contract with Colliers International

27 december 2006

IMS Real Estate and Colliers International, international advisers in the area of real estate, signed the Contract on evaluation of the total sum of assets in company's management proceeding from the investment model of net adjusted present value.

As the result of estimative analyses Colliers International company defined the amount of the next real estate units:

Base functional use, addressStateValue (NPV) net VAT
1Boris clinic building, 12a Bazhana avenue, Kyiv, UkraineIn the operation23 604 000
2 (а)Office building, 14a Zaporozhtsya street, Kyiv, UkraineIn the operation2 447 000
2 (б)Office building, 14a Zaporozhtsya street, Kyiv, UkraineInvestment property held
for development
3 884 000
3Residential & office buildings, 9 Naberezhno-Kreshatikskaya street, Podilskiy district, Kyiv, UkraineInvestment property in
the course of
development
 
42 685 000
4Bank office building, 32 Shevchenko avenue, Lviv, UkraineIn the operation4 167 000
58 Residential complex, Zamarstynivska street, Lviv, UkraineInvestment property held
for development
12 130 000
6Fitness center building, 40 Shevchenko blvd, Zaporizhzhya, UkraineIn the operation2 117 000
7Retail complexes (2 subjects: land plot №1 - Entuziastiv st./
Zaporiz'kogo Kzatstva st., land plot №2 - Yuvileyniy Ave. /
Zaporiz'kogo Kozatstva st.), Hortitskiy district,
Zaporizhzhya, Ukraine
Investment property in
the course of
development
 
1 010 000
8Residential/resort and entertainment complex Oreanda village, Yalta district, Crimea
 
Investment property held
for development
18 074 000
(а)Total value in case of the scenario (a)  106 234 000
(б)Total value in case of the scenario (b) 107 671 000