According to the article 6.03. of the Listing Rules of the Macedonian Stock Exchange and the data from the trading system, we inform you of the following: The following listed companies executed share buy-backs on 27.12.2004: - Alkaloid AD Skopje purchased 4.432 ordinary shares, as follows: - 32 shares for the price of MKD 1.950 per share, through 2 transactions; - 39 shares for the price of MKD 1.980 per share, through 1 transaction; - 14 shares, for the price of MKD 1.989 per share, through 1 transaction; - 38 shares for the price of MKD 1.990 per share, through 2 transactions; - 433 shares for the price of MKD 1.997 per share, through 2 transactions; - 3.513 shares for the price of MKD 1.998 per share, through 8 transactions; - 363 shares for the price of MKD 1.999 per share, through 3 transactions. The following listed companies sold treasury shares on 27.12.2004: - Teteks AD Tetovo sold 3.887 treasury shares, for the price of MKD 310 per share, through 22 transactions. According to the data from the Central Securities Depositary we inform that on 27.12.2004 the following non-trade transfers (based on compensation, gift or heredity) of listed companies' shares were executed: - VV Tikves AD Kavadarci - 113 ordinary shares.