W072

5. Additional conditions of investment attractions: Sarny city is located on the left bank of the Slut river (regional and peculiar center of Ukrainian Polissia (woodlands) on the Kiew Warsaw and Chernivci Ternopil Rivne Minsk highway crossroads. There are nice places for recreation zones on the Sluch river. There is a piece-made fishery rowing in the food-lands near the highway. Moreover, there is hunting fisherman's land located 4km to the East in the forest tract "Zalyv" (total area 2708 hectares or 27080000m2), which appeared in the 20th century during the building of the Warsaw defense line against the Stalin's regime. There also is a complex of modern wooden cottages, formerly being in the possession of Leonid Kuchma ex-president of Ukraine. There are wonderful forests of Rivne nature reserve around the complex with a unique fauna, flora and lakes. Within a radius of 100km there are no such similar establishments. That's why the object will be very popular among tourists and international ferrymen.

6. The owner of the property complex: Regional Council of Sarny city.

7. Decision on sale: ¹370 dating from 24th of June 2005

8. Initiator of the project: Regional State Administration of Sarny city. Auction conditions: balance price of the object is 3825000 hrn. (76500$) The final conditions will be published after completion of the expert valuation.