Nectar

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The Bank’s financing will consist of up to EUR 10 million in the form of a senior secured long-term debt. EBRD funds will be used for further expansion of the Company's business, especially the expansion of the direct distribution network, accompanied with related advertising costs as well as for the optimisation of financing costs to provide a stable capital base and allow reserves for further growth. Development of distribution network accompanied with brand development of locally produced products and improvement of funding base are the main objectives of the Project. Through success of the Project, the Company will further develop backward linkages with farmers, particularly in less developed regions. Successful implementation of the Project will lead to greater penetration of the local market and assist the Company in concurring export markets. Through further development of distribution and logistics as a result of the Project, the Company will be in better position to pass good practice through to distributors and buyers (and may encourage similar practices by the competition). Nectar is a limited liability company incorporated in Serbia. The Company has developed several production programs, in which the production of fruit juices and nectars has priority, and the production of fruit marmalades, syrups, fruit brandies, apple vinegar and vegetable products follows. EUR 10 million long-term loan. EUR 50 million. The project is screened C/1 and is likely to result in minimal adverse environmental impacts. The environmental questionnaire prepared by ED has been sent to the sponsors. Based on the questionare results, ED will decide whether further due diligence is necessary or not. None. Bojan Radun, Nectar d.o.o Novi Sad, Serbia Tel: + 381 21 630 21 75 E-mail: bojan.radun@nectar.co.yu