Notice for Divestiture of Shares - THROUGH THE TENDER, STOCK EXCHANGE & OTC

Initiatian of the Shares Divestiture:18,Dec,2011

In the execution of the regulations related to General Policies of Principle (44) of the Constitution, the ratifications of the ministers board and divesting board and on behalf of Social Security Organization (for Persian Gulf Power Generation Company), and on behalf of Wagon Kowsar Company resulting from the delayed installments (for Heavy Equipment Production Company (HEPCo) Iranian Privatization Organization is considering to divest the shares of the following firms, observing other conditions stated hereunder, with the preferential shares (in accrue case) at maximum 5 percent of the total divestible shares having been deducted

In the execution of the regulations related to General Policies of Principle (44) of the Constitution, the ratifications of the ministers board and divesting board and on behalf of Social Security Organization (for Persian Gulf Power Generation Company), and on behalf of Wagon Kowsar Company resulting from the delayed installments (for Heavy Equipment Production Company (HEPCo) Iranian Privatization Organization is considering to divest the shares of the following firms, observing other conditions stated hereunder, with the preferential shares (in accrue case) at maximum 5 percent of the total divestible shares having been deducted

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