Name of the company: Mining Property Utilization Nonprofit Public Limited Liability Company

Short name: Mining Property Utilization Nonprofit Public Ltd.

Registered seat: H-1126 Budapest, XII. Tartsay Vilmos u.3. I. em.
Postal address: H-1536 Budapest, Pf. 312

Branches:

Date of the Articles of Association:17 January 2005.

The Company started it’s operation on 17 January 2005.

Registration number: Cg. 01-09-908199

Legal supervisory authority: Registry Court of Budapest-Capital Regional Court of Appeal

 

The owner of the company is the Hungarian State. The owner's rights are exercised by the Minister responsible for the supervision of state assets ruled by Section 1, § 3 of the Act CVI of 2007 on state assets through the Hungarian National Asset Management Inc. (1133 Budapest, Pozsonyi út 56). The organization responsible for the satisfaction of common social needs is the Ministry of National Development (1011 Budapest, Fő u. 44-50.).

- The scope of the Company is to provide the state public duties and contribute to their execution such as the cessation of the remained environmental and property damages after the termination of mining activities, handling the benefits of workers employed in coal mining, casualty allowance and other work-related compensations in duties occurred in Uranium mining until 31 December 1993, together with the managment of the state owned hydrocarbon wells.

- In the course of its public benefit activities the Company provides such public tasks or assists in their implementation that are assigned to public organizations according to

a) the Act No. LIII of 1995 on the General Rules of Environmental Protection and
b) the Gov. decree 155/2002 on the duties of the Minister of Environment and Water, based on the environmental activites regulated by the Non-Profit Organisations Act.

The Company's administrative superviser is the Ministry of National Development,

The Tax Authority competent by the company's registered seat is authorised to exercise tax control over the Company,

The National Audit Office is authorised to exercise control over the use of budgetary support,

Company's legal supervision regarding public operations is provided by the prosecutor's office.

The authorized person for company signature and at the same time the representative of the Company is:

Miklós Czémán managing director

The legal representation of the company is provided by the managing director of the Company, who alone is entitled to sign for and on behalf of the Company.

Term and termination of the Company’s operation

The Company was established for an unlimited period.
The first business year started on 17 January 2005 and ended on 31 December 2005.
Hereinafter each business year starts on 1 January and ends on 31 December.