12 January, 2007

Announcement of Tisza Chemical Group Public Limited Company on the payment of the countervalue of the invalidated employee’s shares which were not submitted for conversion.

The Board of Directors of Tiszai Vegyi Kombinát Company Limited By Shares hereby informs the shareholders that the dematerialized ordinary shares that replaced the employee’s shares which were validly not submitted for conversion in the course of the conversion of the TVK employee’s shares into dematerialized ordinary shares were sold at the Budapest Stock Exchange at daily listing price with the help of an investment service provider in harmony with the provisions set forth in section 12 of the Act CXX of 2001 on capital markets and with the announcement published on May 2, 2006.

The owners of the invalidated TVK shares which were not submitted for conversion cannot demand that the dematerialized ordinary shares be credited to them however they are entitled to the countervalue of the dematerialized ordinary shares sold by the Company. The countervalue of one share equals to the average of the total purchase price the Company realized on the sale of the shares projected to one share less the cost of HUF 4,80/share incurred until the date when the claims were enforced. Accordingly, the average price of one dematerialized ordinary share sold by the Company amounts to HUF 5331,41.

The Company pays the countervalue to the shareholder by bank transfer as of February 20, 2007. The depositary receipt issued of the employees shares shall be forwarded by mail or personally to the Legal Office of the Company (3580 Tiszaújváros, TVK-Ipartelep, Gyári út, Központi Irodaház, mailing address: 3581 Tiszaújváros. Pf.: 20.) as a precondition of the withdrawal of the countervalue.

At the same time, the shareholder shall also disclose the data necessary to the identification of the owner of the shares (name, address, place and date of birth, mother’s maiden name, and tax identification number) and the number of the shareholder’s account kept with a financial institution so that the countervalue could be disbursed. If the shareholder is an employee of TVK Plc., he/she can ask the countervalue to be remitted to the bank account to which his/her salary is always transferred.