AUSTRIA’S TEOS HOLDS NEARLY 95% IN RUBIN

March 8, 2004

By Violeta Ivanova

AUSTRIA’S Teos Holding, which deals with asset and equity management,
has acquired 19,690 shares (4.49% of the capital) in Bulgaria’s Rubin
of Pleven after a tender offer to the minority stockholders. Now Teos
already holds 94.495% of the glass maker. The tender offer concerned
9.95% of the capital, or 43,609 shares, at a BGN 18.54 price per unit.

Rubin has a product list of more than 300 different items but
manufactures mainly bottles and jars. The capacity of the works
exceeds 120 million items a year. Clients of the company are mainly
Bulgarian producer of canned food, wine, beer, soft and alcoholic
drinks. Rubin also exports to Greece, Macedonia, Kosovo, Serbia and
Montenegro, Romania, Armenia and Moldova. .