Unipetrol

• Privatization of Unipetrol

WestLB, EEIP and McKinsey acted as a consortium of financial advisors of National Property Fund of the Czech Republic (FNM CR) in privatization of a 62.99% stake in Unipetrol.

Unipetrol is a holding company with controlling or substantial interests in refining, fuel retailing and production of petrochemicals, fertilizers, specialty chemicals and plastics processing. In 2004, Unipetrol’s consolidated profit ran to CZK 3.68 billion at the turnover of CZK 87 billion. According to the press release of FNM CR from May 24, 2004, PKN Orlen paid CZK 11.304 billion for the transaction and as a consequence of this measure the process of Unipetrol privatization has been successfully closed.

On the base of an additional audit of KPMG in the Unipetrol company, the purchase price was adjusted by CZK 1.645 billion for the benefit of FNM CR. According to the press release of the FNM CR, the total purchase price of Unipetrol shares was CZK 12.949 billion in total. It is the third largest privatization transaction in the history of the Czech Republic.

• Sale of certain liabilities of Unipetrol Group

WestLB, EEIP and McKinsey assisted as a consortium of financial advisors also at the sale of certain Unipetrol Group liabilities in the possession of Czech Consolidation Agency (CKA). Purchase price of CKA receivables reached CZK 1.745 billion.