The company NEOCHIMIKI L.V. LAVRENTIADIS S.A., following its announcement as of 26/10/2006 for its participation in the bidding of the PRIVATIZATION AGENCY OF SERBIA for the privatization of the company Fabrika maziva, Krusevac through the sale of 70% of its share capital, informs the investment public that it has not been selected as the best bidder, since the bid it submitted for the purchase and the investment programme was 10.1 mil. Euro and 9 mil. Euro respectively, as compared to the first bidder who offered 25 mil. Euro and 10 mil. Euro respectively.