Komercijalna banka AD Skopje informs on decisions adopted on the 18th Shareholder’s meeting held on 23.03.2005: - Change of the nominal value of the ordinary shares issued by Komercijalna banka AD Skopje from MKD 5.000,00 to MKD 1.000,00 and a split of the ordinary shares in 5:1 ratio; - The Assembly adopted the dividend for 2004 in amount of 9,6% of the nominal value per share, both for ordinary and preferred shares; - The Assembly adopted the following dividend calendar: o Last trading day cum-dividend is 05.04.2005, o First trading day ex-dividend is 06.04.2005, o Record date is 08.04.2005, o The payment of dividend starts on 18.04.2005; - The Assembly adopted a decision for buyout of 90.286 bank’s ordinary shares in a total nominal value of MKD 90.286.000,00. The bank is authorized to buy maximum 4,48% of the issued ordinary shares. The buyout of the shares will be executed not later than 23.03.2006, for minimal price of MKD 500,00 per share and maximum price of MKD 3.000,00 per share. - The Assembly adopted a decision for change of the decision for conversion of preferred share with ordinary shares, where article 2 is changed as follows: “The shares are converted in ratio: 1 preferred share with a nominal value of MKD 1.000,00 for 1 ordinary share with a nominal value of MKD 1.000,00. The shares may be converted not later than 31.12.2006, except in the period from 15th February to the record date, including the record date. - The Assembly adopted a decision for suspension of a member of the Bank’s Board of directors, according to which Cvetanka Simonovska form Alkaloid AD Skopje is suspended by her volition, and Vujica Ilieski, CEO of MZT Energetika AD Skopje is appointed a new member.