Board of directors of the Macedonian Stock Exchange on the meeting held on 05.08.2004, according to the articles 9.06 of the Rules for listing of securities on the Macedonian Stock Exchange, has delisted the shares of the Jaka Tabak AD Radovis. The shares of Jaka Tabak AD Radovis will be delisted from 09.08.2004. From that date these shares can be traded on the Unofficial market-Free market of the Macedonian Stock Exchange.