The State Assets Management Agency of the republic of Uzbekistan

According to the announcement of the State Assets Management Agency to attract a professional consulting company ( hereinafter - the Consultant) for privatization of "Avto Climate Control" LLC, "Avtokomponent" LLC and "UZ CHASYS" LLC (hereinafter - the Assets), the following is reported.

During the selection process, proposals were received from several local and international professional consulting companies and their financial proposals, experience in the relevant field, and approaches to accomplish the relevant tasks were considered.

Accordingly, as a result of the selection process, Portfolio Investments, which presented the highest level of projects in the field of activity, the qualifications of the professional team involved in the project and the most acceptable price offer, was attracted as the Consultant for privatization of the state share in the authorized capital of the Asset.

The Consultant shall perform the following tasks:

• Analysis of the automobile components production market and studying the prerequisites for the development of the field in Uzbekistan and in the region;
• conducting a comprehensive (tax, legal, financial and environmental) due diligence analysis of the Asset;
• preparation of recommendations on optimal marketing strategy, marketing materials (teaser, information memorandum, procedural letter, etc.) and distribution of information materials among investors;
• taking all measures aimed at privatization of the Assets, including creation of a virtual data room (VDR), preparation of a draft Sale and Purchase Agreement (with translation into Uzbek and, if necessary, Russian and English), and support of the sale process.

The State Assets Management Agency together with Portfolio Investments will take all necessary measures to organize the process in accordance with open, transparent and competitive sales mechanisms, as well as provide information to the public on each stage of the process.