English Translation

- 15 - (b) Decision of 2 April 19942. Following the existence of these conditions, the further execution was immediately carried out. The appointment of a bank or a banking consortium was seen in view of the particularly stored conditions and for reasons of savings. As regards the amount of the bond, it seemed expedient to issue the bonds in its own form, which allowed the possibility to subsequently apply their admission to foreign stock exchanges, and the admission conditions of the Berlin Stock Exchange, which in Bozug are considerably more stringent on equipment in various respects than those in force here, were therefore closely observed. Difficulties were caused by the timely procurement of a legally protected watermark paper, van dem l.o0o kg. It could be found in the company S t i c p e l , Reichenberg, but a powerful all requirements sufficient company. The print will be finished in a few weeks. In the case of our creditors, the conversion loan was almost without exception based on the largest interest. In many cases, the request for a multiple amount of the debt sum was expressed. However, this request had to be rejected in all cases.