The launch of capacity auction

Dear Partners,

Please, be informed that for the „Osztrák-magyar határ betáplálási pont Baumgarten felől” network point (network code KAMOSONM1IIN) we have experienced capacity oversubscription for the free capacity for December of the 2011/12 gas years for monthly firm capacity.

Based upon section (k) 8.4.4.1. of the Network Code (ÜKSZ), in case of capacity oversubscription the allocation of free capacities should be performed in a capacity auction procedure.

Taking all these into consideration, FGSZ Ltd. will launch an auction

for the network point „Osztrák-magyar határ betáplálási pont Baumgarten felől”
(network code: KAMOSONM1IIN) for the capacity of 41 781 552 MJ/day
for the period between 1 December 2011 and 31 December 2011
between 9:00 and 10:00 a.m. on 11 November 2011.

System users, whose capacity demand was submitted before 1 November 2011 and is in compliance with the relevant points of ÜKSZ after the procedure of filing missing documents and thus are entitled to participate in the capacity auction, are informed separately parallel with the present Newsletter.

The entitled System users intending to participate in the auction should send the Application form to FGSZ. Ltd. till 16:00 9 November 2011 per letter or telefax (+36-84-505-218).

The data supplying obligation regulated in (e) point 8.4.7.1. of ÜKSZ are treated by FGSZ Ltd. as fulfilled upon the documents submitted during the capacity demand procedure for December of 2011/2012 gas year.

We would like to draw your attention that if the bids submitted during the auction are over the published capacity, they are invalid on the basis of (k) 8.4.7.5. of ÜKSZ and the system doesn’t accept them.

FGSZ Ltd. informs the System users about the result of the auction immediately through the messages generated by the system automatically, the official notice will be sent by FGSZ Ltd. for the participants the next working day at the latest.

Yours sincerely

FGSZ Ltd.