News and announcements

At Mr. Constantin Grigore’s invitation, as Romanian ambassador to Russia, ROMGAZ and TRANSGAZ Director Generals, Mr. Francisc TOTH and Mr. Ioan RUSU, attended a meeting with the management of OAO GAZPROM, represented by Mr. Alexei MILLER, chairman and Mr. Alexander MEDVEDEV, Chief Executive Officer of OOO GAZPROM EXPORT, on October 16th, 2008, in Moscow. Within this meeting the following topics were discussed: gas imports to Romania based on a direct relationship with the Russian company, underground gas storage in Romania and extension of the co-operation on Russian gas transit on the Romanian territory, without any express mentioning of a certain project or of an opportunity to develop relationships to this effect.

Gas Workers’ Days are customarily celebrated each second Friday of September. TRANSGAZ gives special attention to such anniversary holding a series of events during September 12th – 19th, 2008. Gas workers’ days celebrate the pleasure and contentment in playing a part in the large and noble family of those labouring over the Gas Industry in order to ensure a source of heat, welfare and development. Already a tradition, the events assigned to such celebration, are held annually within the mid of September. This year, during September 12th – 19th, 2008, we shall witness and participate in a chain of occupational, sports and cultural actions. To crown the whole, the celebration shall end in a barbeque party on Greweln plateau, near Medias – the host town of the two National Gas Companies: TRANSGAZ and ROMGAZ, where gas workers and various business partners of the two companies, as well as officials of the Ministry of Economy and Finance shall gather together.

On the occasion of “The Gas Workers’ Day” to be celebrated on September 12th, 2008, TRANSGAZ management and the Trade Unions thereof seize such opportunity to express their warmest thoughts and good wishes and thanks to all employees contributing, over the years, by their professionalism, earnestness, and determination to the prestige of the Romanian gas sector; and last but not least to all domestic and foreign partners for their kind, fruitful and close co-operation with TRANSGAZ on the most diversified fields.
Hoping our message shall trim this anniversary with joy, we would like to bid all gas personnel

MANY HAPPY RETURNS OF THE DAY!

Ioan RUSU Director General

Under Article 227 of Law no. 297/2004 on the capital market and under Article 113, case d), paragraph 2 of amended Regulation no. 1/2006 of the Romanian National Securities Commission, TRANSGAZ notifies all interested parties that the SEMESTRIAL REPORT for the 1st semester, 2008, is available as of August 14th, 2008, as follows: - In soft copy – on TRANSGAZ website, at www.transgaz.ro 
- In hard copy – at TRANSGAZ headquarters, in Medias no. 1, C.I. Motas Sq., county of Sibiu – Shareholding and Capital Market Department 
The above-mentioned semestrial report consists of the following: 
-    Statement of assets, liabilities and equity as at June 30th, 2008; 
-    Profit and loss account as at June 30th, 2008; 
-    Statement of the company’s management on the financial statements for the 1st semester 2008.

The National Gas Transmission Company – TRANSGAZ, Romania and FGSZ Natural Gas Transmission Ltd., Hungary signed A Development Agreement for the Construction of the Szeged – Arad Interconnection Pipeline.
Based on the Memorandum of Understanding signed between the two companies, FGSZ Ltd. invites all interested parties to participate in the Open Season process to be launched on August 5th, 2008 for the selling of 180,000 cm/h capacity on the Hungarian section of the interconnection pipeline. 
The bidders are kindly asked to notify FGSZ Ltd. of the necessary capacity for the period January 1st, 2010 – July 1st, 2030. The deadline for bid submission is September 3rd, 2008 and the awards shall be communicated on September 10th, 2008.

In the press release which was sent on 23 July 2008 we have written: The Financial Statements for the year 2007 were prepared by the PricewaterhouseCoopers’s Audit SRL, in accordance with International Financial Reporting Standards (IFRS).
The express "prepared by" is wrong. 
Please be so kind and read the correct text of this press release as follows: 
Starting on 23 July 2008, on the web site of SNTGN TRANSGAZ SA Mediaş, to the address www.transgaz.ro, are available the Financial Statements for the year ended on 31 December 2007, prepared in accordance with International Financial Reporting Standards and audited by the Pricewaterhouse Coopers’s Audit SRL, of the financial auditor.

SNTGN TRANSGAZ SA Mediaş aduce la cunoştinţa tuturor celor interesaţi că începând cu data de 23 iulie 2008, sunt disponibile pe site-ul companiei, la adresa www.transgaz.ro - Situaţiile financiare pentru anul 2007 întocmite de auditorul financiar PricewaterhouseCoopers Audit SRL, în conformitate cu Standardele Internaţionale de Raportare Financiară (IFRS).

As a result of the interest shown by the Romanian mass-media in the latest development of the NABUCCO project, NABUCCO GAS PIPELINE INTERNATIONAL GmbH (NIC), in which TRANSGAZ holds an interest of 16.67%, organized a round table with the mass-media representatives of the following publications: ZIARUL FINANCIAR, BUSINESS STANDARD, FINANCIARUL, BURSA, CAPITAL, THE MONEY CHANNEL, on June 30th, 2008. Mr. Reinhard Mitschek, Executive Manager, on behalf of NABUCCO GAS PIPELINE INTERNATIONAL GmbH, Mr. Christian Dolezal, press attaché and Mr. Vlad Pavlovschi, Director of Division and NIC Procurist, on behalf of TRANSGAZ, took part in such event.

Based on Decision no. 1 of the General Assembly of Shareholders, held on April 21st, 2008, TRANSGAZ – headquartered in Medias, no. 1, C.I. Motas Sq., Sibiu County, Commercial Registration no. J32/301/2000, CIF RO 13068733, notifies shareholders registered on May 9th, 2008, that gross dividends related to the financial year 2007, of Lei 9.66/share, in gross amount of Lei 113,735,333.04, i.e. 50.77% of the net profit, shall be paid by BRD GROUP SOCIETE GENERALE, as of June 16th, 2008.

TRANSGAZ notifies all those concerned that the interconnection of the “Gas pipeline supplying Giurgiu” with the National Gas Transmission System was completed. The above-mentioned gas pipeline ensures the gas supply to Giurgiu and to the towns located on the pipeline’s routte, i.e. Crevedia Mare, Bucsani, Clejani, Letca Noua, Ghimpati, Schitu, Stoienesti, Fratesti. The technical details of such pipeline are as follows: diameter – 500 mm, maximum working pressure – 40 bar, length – 67.61 km, installed flow rate – 50,000 Scm/h. 
Value of pipeline building works amounted to approx. EURO 13 million. The works thereof were completed in 2007 and the interconnection of the pipeline with the National Gas Transmission System was currently accomplished. 
The opportunity of such investment is supported by the fact that the supply of gas to new regions both revitalizes and fosters the region’s economic activities and improves the population’s degree of comfort.