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Under Article 226, paragraph 1 of Law no. 297/2004 on the capital market, corroborated with Article 113 of Regulation no. 1/2006 of The Romanian National Securities Commission and Chapter 6 of Bucharest Stock Exchange Code, TRANSGAZ notifies shareholders and investors that in March 2008, based on amended and republished Law no. 85/1992 on home sales and other real estate properties built out of state’s funds and funds from state budgeted or economic units, and on Decision no. 5/2006 of the Board of Administration, it concluded 10 sales contracts for the company-owned apartments leased to employees in Cluj-Napoca, no. 3-5, Intre Lacuri St. 
  Such apartments were initially subject to lease agreements concluded between TRANSGAZ and its employees, attached to individual labour contracts.
  The total sale price for the 10 apartments was of Lei 2,286,298.21 (VAT included) and was paid in full by the buyer upon sales contract authentification date.

On March 26th, 2007, Standard & Poor’s Ratings Service granted TRANSGAZ the BB+, positive outlook, credit rating for long-term corporate loans. The positive outlook reflects the improved liquidity position following the primary initial public offering of shares planned for 2007. Moreover, such outlook reflects TRANSGAZ potential to reach investment grade as a result of the operation activity improvement, as a public entity listed on the Stock Exchange, by maintaining its credit ratios and by visibly upgrading corporate risk management practices. 
Following the credit rating reviewing process, Standard & Poor’s Ratings Service raised TRANSGAZ long-term corporate credit rating to BBB- from BB+.  “The upgrade reflects TRANSGAZ improved financial profile, which has been enhanced by the completed initial public offering (IPO) that will fund part of the company’s medium-term investment programme. The upgrade also reflects the increased visibility and amount of operating cash flow following a significant tariff increase and the finalization of tariffs for the regulatory period through June 30th, 2012” according to Standard & Poor’s Press Release dated February 29th, 2008. The rating on TRANSGAZ is underpinned by: 
*    the sole licensed status of the National Transmission System operator 
*    the predictable cash-flows generated from regulated transmission activities 
*    the company’s strong financial profile.

In compliance with the reporting requirements of the Bucharest Stock Exchange Communication Calendar, TRANSGAZ notifies shareholders and investors of the following:
The Convening Paper of the General Assembly of the Shareholders to be held on April 21st, 2008, together with the proposal for approval of the gross dividend per share, of the payment-thereof terms and of the payment agent selection, were forwarded to the capital market institutions on March 21st, 2008;
The following documents related to item 1, 2, 3, 4 and 5 of the agenda, are available on TRANSGAZ website:

The annual individual audited statements for the financial year ended on December 31st, 2007 drawn up according to Order no. 1752/2005 of the Ministry of Public Finance, amended by Order no. 2374/2007 of the Ministry of Public Finance;
Proposal for apportionment of the net profit for the financial year 2007;
Annual TRANSGAZ Management Report - individual audited statements for the financial year ended on December 31st, 2007;
Proposal for approval of the gross dividend per share and of the payment terms thereof and of the payment agent selection;
Notification on the statement of performance criteria and objective achievement on December 31st, 2007;

During March 13th – 14th, 2008 the NETS (“New Europe Transmission System”) Initiative, meant to develop an independent regionally integrated gas transmission network of Central and South-Eastern Europe by the co-operation of the relevant top companies, took place in Bucharest. ...

During March 3rd – 4th, 2008 The National Gas Company, ROMGAZ SA, in co-operation with The National Gas Transmission Company, TRANSGAZ SA, organised the first work session on “Sustainable Development – A Joint Objective”. Ms. Maria DOBROTA, on behalf of the Regional Agency for Environmental Protection, Sibiu and Mr. Nicolae SIMESCU, as member of TRANSGAZ’ Board of Administration participated in the above mentioned event, as guests. Such first meeting was meant to introduce environmental protection policies and achievements thereof, to ensure experience exchange in order to improve the environmental performance of the two companies. The meeting was deemed highly successful and therefore the companies decided to set systematic meetings, the following being planned for the second semester of the current year.

The National Gas Transmission Company, TRANSGAZ SA Medias, notifies investors of the following relevant event: On February 29th, 2008, Standard & Poor’s Ratings Servicess improved the company’s corporate rating, from BB+ to BBB-. The rating improvement performance of TRANSGAZ is the result of the successful IPO process which ensured the company’s financial resources required for the partial funding of the medium-term investment program and is supported by the company’s position as the sole licensed gas transmission operator in Romania, by its predictable cash flow from regulated gas transmission activities and by a robust financial profile. Therefore, TRANSGAZ turns into the first Romanian company to be granted a BBB- credit rating by Standard & Poor’s Ratings Service; such “negative” outlook reflecting the sovereign credit rating outlook.

The National Gas Transmission Company, TRANSGAZ SA Medias, notifies investors that the first meeting between the company’s management and over 30 financial analysts, representatives of key financial – banking institutions and investment funds, was held in Bucharest on February 26th, 2008.

 The National Gas Transmission Company, TRANSGAZ SA Medias, notifies investors that the first meeting between the company’s management and over 30 financial analysts, representatives of key financial - banking institutions and investment funds, was held in Bucharest on February 26th, 2008.

The National Gas Transmission Company, TRANSGAZ SA Medias, notifies investors of the fist meeting with the financial analysts to be held on February 26th, 2008. The event shall take place at the National Gas Dispatching Centre Bucharest, no. 30, Calea Dorobantilor, as of 10:00 o’clock. The agenda of the meeting shall include the following topics:
-    Fundamental analysis on the preliminary financial results for 2007; 
-    Analysis on the achievement of the Revenue and Expense Budget for 2007; 
-    Presentation of budget projections for 2008. 

The National Gas Transmission Company, TRANSGAZ SA Medias, notifies investors of the following key event: This week, TRANSGAZ together with the companies of the NABUCCO consortium, signed the document certifying that the German company RWE became the sixth partner at the project for the building of a gas pipeline from the Caspian region to Europe. The NABUCCO consortium consists of the following companies: OMV Austria, MOL Hungary, BULGARGAZ Bulgaria and BOTAS Turkey. Each partner shall hold an interest of 16.67% in the NABUCCO GAS PIPELINE INTERNATIONAL GmbH.