Information department of “NIBULON” applies to farmers and partners with a request to inform representatives of the agricultural company about cases of use of the company’s name by frauds or other people for their own ends or to denigrate name of the leader of the agricultural market of Ukraine. Unfortunately the management of the company has to note: there were numerous cases when hiding behind reputable name of “NIBULON”, fraudsters tried to cheat farmers to get their land. Particularly illustrative case took place in Bendzary village of Balts’kyy district, Odesa region. On the 5th of April, 2011 our company received a letter from the villagers with the request to take part in meeting of the landholders of Bendzary village and to clarify the situation regarding land relations. Representatives of “NIBULON” found out that certain people from “GROS GRAIN Ltd.”, hiding behind the name of “NIBULON”, started to conclude land lease contracts. According to information received, one of the founders of “GROS GRAIN Ltd.” is “DENITA TRADING INC.” enterprise that is registered in Panama. At the meeting held in Bendzary village on the 6th of April, 2011, a representative of our company explained to local residents that “GROS GRAIN Ltd.” is out of all relations with “NIBULON”. Our company always works honestly and openly. And when “NIBULON” is going to conclude land lease contracts, first of all, our company always meets with landholders, and secondly, representatives of our company hold a general meeting of landowners where the terms of lease are discussed, potential landholders are introduced with the main points of the land lease agreement, etc. And only after the landowners agree to the terms of lease, “NIBULON” concludes land lease contracts, that later are subject to mandatory state registration. “NIBULON” is a famous company that successfully operates in domestic and foreign markets with an impeccable reputation in the world and among international financial institutions. The company actively develops, invests in agricultural production and infrastructure for storage and transportation of agricultural products. In addition, it successfully works even during the financial crisis. So it constantly attracts attention, and it is natural. However, it is not acceptable for our company when someone hiding behind the prestige of the company, commits illegal schemes. We are also concerned about efforts of certain individuals and the media to present “NIBULON” as a future monopoly on grain market. This will happen supposedly after the sale of assets to the state and passing the draft law “On Amendments the Law of Ukraine “On State Support of Agriculture of Ukraine” (№ 8053) or “On Amendments to the Law of Ukraine “On Grain and Grain Market in Ukraine” (№ 8163). We believe that topic of sale of our company or its takeover attempts by other companies or people should not be manipulated. As General Director of “NIBULON”, Hero of Ukraine Oleksiy Vadaturskyy pointed out his position concerning this issue: “NIBULON” is a family business, there aren’t, there weren’t and there won’t be any changes in the company’s ownership structure and we do not intend to change owners of the company in the near future. We have civilized relations with international financial institutions that have their own practice: before trusting large financial resources to the borrower, to foresee all possible scenarios and to protect themselves from unpleasant surprises. Therefore, changes in the ownership structure of the company are not allowed in the period of the loan agreements. Relevant documents have been shown to those who took a particular interest in our company”. “NIBULON” has won worldwide recognition due to its fair, transparent and open work, and it is valued both by Ukrainian farmers and global financial institutions. Today, “NIBULON” is not just a company that exports grain and oilseeds. The company produces more than 300 thousand tons of grain and oilseeds. Today the company has a wide network of modern inland and river silos throughout Ukraine, one of the largest private river fleet. “NIBULON” will accept any game rules that the state will offer, however it is important that these rules be fair, transparent, open, incorruptible and common for everybody. We believe that the state has enough levers, mechanisms and control authorities to regulate effectively the grain market with the help of civilized market methods, to create food security system of Ukraine. And what is more important, it can be done without any manual control over the economy and acquisitions of private companies. In order to protect its high reputation in foreign partners’ face, “NIBULON” has repeatedly applied to court. The latest example was the claim against the Ministry of Economy, the Ministry of Agriculture Policy and the State inspection on quality control of agricultural products and its market monitoring as to preventing the company to the distribution of quotas on export of wheat and corn on the 11th of January, 2011. We had to apply to the court to prove that “NIBULON” was unlawfully deprived of opportunities on an equal footing with other market participants to take part in the distribution of quotas. This fact was confirmed by Resolution of the Mykolayiv Regional Administrative Court on the 30th of March this year. Specifically, the court found unlawful decision of the State Inspection on quality control of agricultural production and monitoring of its market on denying confirmation of the given documents of “NIBULON” to the Ministry of Agricultural Policy as to availability of agricultural products amounts stated on the export, and decided to cancel the above-mentioned decisions. The court also recognized the illegal inaction of the Ministry of Agricultural Policy that did not inform “NIBULON” in time about refusal to provide the conclusion on the availability of agricultural products amounts stated on the export and their export capacity. Based on the decision of the court, we can state: officials have artificially created a situation due to which “NIBULON”, upon availability of necessary corn and export contracts, was not admitted to allocate the quotas. We hope that this decision will help to prevent any further attempts of stakeholders in the higher echelons of power to allocate quotas at their discretion, not observing the principles of fairness, proportionality, predictability and transparency. “NIBULON” allegedly categorically denies information about attempts to recover from Mykolayiv Commercial Sea Port USD 120 million of damage caused to the company by detention of “Preventer”. We believe that spreading such information that has no base is an attempt of guilty people to avoid responsibility. Today the illegality of actions of Mykolayiv Commercial Sea Port and the Ministry of Transport is proved in courts, and their actions are evaluated by the Antimonopoly Committee of Ukraine. Note that it is in accordance with the AMC decision Mykolayiv Commercial Sea Port was fined in the amount of UAH 300 thousand for abuse of dominant position. Legitimateness of the AMC decisions is confirmed by judicial authorities. The position of our company is not to recover damage caused to us from the state. Our goal is to draw the attention of higher authorities that people guilty for the losses caused to the company have to carry deserved punishment. The state should not suffer because of ungifted corrupt officials, which harm not only our company but also the economy of Ukraine on the whole. Therefore, we believe that any attempts to blame our company that it strives to satisfy its money interests for account of the state, solve its financial problems, recover damages from the budget, are baseless. “NIBULON” for many years have been one of the largest taxpayers to the budget of Mykolayiv region. In addition the company has implemented a number of social projects, for their realization only last year more than UAH 11 million were allocated. Weight of social responsibility of “NIBULON” was recently confirmed by the head of Mykolayiv Regional State Administration Mykola Kruglov. He noted that bread prices in the region were retained due to “NIBULON”. Because every month the region received over a thousand tons of grain from the company at a price of UAH 1350 per ton, while the market price per ton of corn is UAH 2 300 per ton. We want to emphasize that the government should be engaged in that, which through the Agrarian Fund by means of interventions can regulate prices in the domestic market. But now we can state: the Agrarian Fund with its inaction and backhanded policy turned a regional power into a prisoner of the situation. We can proudly declare that our company demonstrates how serious business has to help the local community. Everywhere where there are branches of “NIBULON”, our company provides funding for development of social infrastructure of the regions, repairing of roads, lighting, restoration of water supply, etc. We breathe a new life into the community and in fact prove, that we, Ukrainians, are able to make our lives better. The point is that government and business are partners. Mutually beneficial collaboration gives result in regions where this approach is realized not only by words but in deeds. Thanks to the support of governors of Poltava, Mykolayiv, Kyiv, Kherson, Zaporizhzhya and other regions we have developed an investment project on the revival of the Dnipro and the Southern Bug Rivers as navigable water ways of Ukraine. Recently the construction of transshipment terminals in Kremenchuk town, Poltava region (the Dnipro River) and in Nova Odesa town of Mykolayiv region (the Southern Bug River) has been completed. In future construction of river terminals along the Dnipro and the Southern Bug Rivers is planned. According to the project, grain from elevators will be transported by water, which will not only make the logistics cheaper, but it will also relieve the load on roads and environment. Mykolayiv shipbuilding yard “Okean” received orders for the construction of vessels, more than 50 Ukrainian construction companies are involved in the construction of elevators. Implementation of this investment project would have become a great step in modernizing of the economy of different regions. But in connection with the fact that our company in the first quarter of this year was actually removed from the market due to failure to obtain grain quotas and had no ability to export grain, we have to apologize to builders and shipbuilders for being forced to postpone the start of the program. The company acquired all necessary technical equipment for two future transshipment terminals for a total amount of EUR 11 million last autumn. But today all this new equipment is stored outdoors at the branches of the company. But despite all the turmoil, “NIBULON” will resume its activity as soon as the situation in the grain market of Ukraine stabilizes.