JKR Resource

complete

The proposed project will be used for the following: i. group consolidation and balance sheet restructuring and ii. acquisition of target companies. Successful corporate restructuring is the main objective of this project and since involving a well-known and recognised group in the river aggregates and roads sectors, the success of the project will have a strong demonstration effect in the country. Through increased profitability and improved efficiency the company will gain additional strength to expand on the market and set new boundaries for its competitors. JKR Natural Resource B.V. a holding company incorporated in the Netherlands, engaged in the river aggregates and roads maintenance sectors. (i) EUR 21.1 million senior A/B loan; and. (ii) EUR 8 million new equity financing. EUR 45 million. The project has been screened B/1 requiring an environmental audit of the Company's corporate environmental policies, procedures and practices and site reviews for a sample of the Company's facilities. Following the completion of the audit, any resulting recommendations will be formulated into a time-bound, costed environmental action plan ("EAP") which, once agreed with the Company, will be attached to the legal agreements. The aim of the EAP will be to ensure compliance with relevant host country environmental standards, EU environmental standards and any other relevant good international practice. The Company will be required to provide the Bank with an annual environmental report on compliance status and the implementation of the EAP. None. Name: Nemanja Mitrović Position: General Manger of BBP e-mail: mitrovic@bbp.co.yu Phone: + 381 11 2062 320