Sale of selected non-performing loans

HETA ASSET RESOLUTION AG Austria (“HETA”) is a wind-down company, 100% owned by the Republic of Austria, whose statutory task is to dispose of the non-performing portfolio of Hypo Alpe Adria Bank. HETA is planning a divestment in a selected non-performing corporate loan portfolio via sale inan open, transparent, unconditional and non-discriminatory sales process (the “Sales Process”).

The subject loan portfolio was financed by HETA in its entirety, with total current exposure of approx. EUR 111.7 mn of principle and any outstanding interests on this amount. For the purpose of this sale, subject portfolio is divided into two segments – Serbian and Montenegrin, which correspond to the location of the collateral provided as security for the loans which constitute said portfolio. The Serbian and the Montenegrin segments comprise exposures to a group of 4 (four) separate borrowers, each.

HETA’s preference is for the sale of each of these two segments (i.e., the Serbian and the Montenegrin) as a separate package of 4 (four) exposures.

However, HETA will also consider offers for individual exposures.

The commercially best bids will be selected, accordingly preferential treatment will be given to offers which bid for a segment as a whole, rather than for individual exposures.

As of 30 June 2017, the Serbian and Montenegrin portfolio segments amounted to a total current exposure of approx. EUR 82.1 mn and EUR 29.6 mn (respectively) of principle and any outstanding interests on these amounts.

For further information regarding HETA, please refer to HETA’s website at www.heta-asset-resolution.com. With regard to the portfolio, additional information can be obtained from the marketing materials of HETA´s Financial advisor, Deloitte Financial Advisory GmbH (“Deloitte”).

Deloitte is acting as HETA’s exclusive financial advisor in this Sales Process. Any EOI should be submitted to Deloitte via e-mail (followed by a hard copy) by 11 October 2017, 12 noon (CET) to the contacts stated below. EOI´s should be submitted in English and must include the names and addresses of the interested party (or of all members of a group of interested parties) (“Interested Party” or “Interested Parties”), the names of the contact persons available for further questions as well as the names of any mandated advisors. EOI´s shall further be signed by or on behalf of the Interested Party/-ies.

Furthermore, each EOI should contain sufficiently precise information on the Interested Party, including (without limitation) demonstration that the Interested Party/-ies has/have the financial resources, and incentive necessary to acquire any of the two portfolio segments, or any of the individual receivables, as well as a statement that the EOI is submitted in the Interested Party's/-ies' own name and own account. Disclosed direct representation is permissible if an original written power of representation is attached to the EOI.

After Interested Party/-ies has/have sent its/their EOI´s to the e-mail addresses listed below (with a hard copy to follow), it/they may receive a Non-Disclosure Agreement.

Once the Non-Disclosure Agreement has been signed by the Interested Party/-ies, any Interested Party who is admitted to the Sales Process will receive further documents regarding the Sales Process.

HETA reserves the right, at its sole discretion, to terminate, modify or suspend the Sales Process as a whole or in part at any time and without being obliged to state the reasons therefore. While HETA will at all times comply with the principles of an open, transparent, unconditional and non-discriminatory Sales Process, no Interested Party will have any claim for any damages or compensation for loss, costs and other expenditure incurred by it in connection with the Sales Process for any reasons and under any circumstances whatsoever, even if the Sales Process is terminated, modified or suspended by HETA. This is neither a commitment nor an obligation to consider or conclude any transaction with any Interested Party and each of HETA and/or Deloitte, and each of their related parties (affiliates, directors, officers, employees, advisers or agents), expressly state that no representation or warranty with respect to the information provided and information being provided is made by this invitation and expressly disclaim any and all liability for representations and warranties deemed to be made or statements contained in this invitation to any prospective purchaser.

 

Contact details:

Project E-mail:

project.emerald@deloitte.at

 

Vladimir Surla

E-mail: vsurla@deloittece.com

Phone: +381 60 818 3733

Original copies have to be sent to:

Deloitte d.o.o.

Terazije 8

11000 Belgrade, Serbia

to kind attention of Vladimir Surla