RESOLUTION OF THE CABINET OF MINISTERS OF THE REPUBLIC OF UZBEKISTAN

of February 9, 2018 No. 104

About measures for acceleration of realization of the companies and property of national bank of foreign economic activity of the Republic of Uzbekistan

For the purpose of further investment attraction and expansion of investing activities of National Bank of foreign economic activity of the Republic of Uzbekistan (further - Uznatsbank), the Cabinet of Ministers decides strengthenings of its resource base, and also the organization based on the bankrupt companies of production of competitive products and creation of new workplaces:

1. Take into consideration that:

according to the Presidential decree of the Republic of Uzbekistan of November 18, 2008 No. UP-4053 "About Measures for Further Increase in Financial Stability of the Companies of Real Production Sector" and decisions of economic courts the property of the bankrupt companies of JSC Bolalar taomlari holding, JSC Uzbek kogozi and JV Uzolmonkhotels LLC is transferred to Uznatsbank based on which were created by Kinder Fruits LLC, Toshkent Qog'ozi LLC and Xorazm Palace LLC;

the property of Namangan To'qimachi LLC which is not used in production with the general territory of the parcel of land of 30,1 of hectare is transferred to Uznatsbank on account of reduction of debt of WICK Tubo Textile LLC to Uznatsbank on redemption payments;

the measures for further realization taken by Uznatsbank to new investors of shares of Uznatsbank in the authorized capital of Kinder Fruits LLC, Toshkent Qog'ozi LLC and Xorazm Palace LLC, and also the property which was earlier belonging to Namangan To'qimachi LLC by numerous exposure them on the public biddings, including with use in accordance with the established procedure of the mechanism of step-by-step reduction in cost, did not cause interest in potential investors in view of their high cost determined by the estimative organizations.

2. Agree with the offer of Uznatsbank on realization of share of Uznatsbank in the authorized capital of Kinder Fruits LLC, Toshkent Qog'ozi LLC, Xorazm Palace LLC, and also the idle property which is earlier belonging to Namangan To'qimachi LLC - with adoption of obligations by investors on upgrade of the operating production or realization on their base of new investment projects, to repayment of the available accounts payable, including on the brought investments and loans of Uznatsbank and its investment companies.

Grant the right to Uznatsbank to realize property of Kinder Fruits LLC in the form of separate objects (branches), in case of lack of offers on acquisition of share of bank in the authorized capital of Kinder Fruits LLC following the results of numerous (at least four) exposure to auction.

3. Determine that:

shares of Uznatsbank and the property provided by paragraph one of Item 2 of this resolution are implemented by exposure to auction at book value;

the property of Kinder Fruits LLC is implemented on market value by exposure to auction and carrying out direct negotiations, in case of the announcement of auction cancelled, with debt write-off before Uznatsbank and its investment company, not covered by redemption payments;

the maximum term of implementation of redemption payments constitutes no more than 7 years, without charge of percent on remaining balance of the redemption amount;

on the loans issued by Kinder Fruits LLC, Toshkent Qog'ozi LLC, Xorazm Palace LLC investment companies of Uznatsbank conditions of loan agreements regarding not charge of interest income remain;

realization of the shares and property specified in Item 2 of this resolution are performed according to the procedure, No. 71 provided by the resolution of the Cabinet of Ministers of March 27, 2014 "About additional measures for stimulation of investing activities of commercial banks and acceleration of realization by banks of the companies to new investors", taking into account provisions of this resolution.

4. Ceased to be valid according to the Presidential decree of the Republic of Uzbekistan of 16.08.2024 No. UP-111

5. To impose control of execution of this resolution on the deputy prime minister of the Republic of Uzbekistan S. R. Holmuradov and the chairman of the board of National Bank of foreign economic activity of the Republic of Uzbekistan A. K. Mirsoatov.

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