October 2005, Budapest

Hungarian Development Bank injected HUF 250 million of equity into Skublics Kft, based in Solymár, based in North Hungary, outside Budapest.

Skublics is the leading driller in open quarries for depositing explosives for extracting stones. The Company is also engaged in distributing and servicing stone stripping tools for the construction and mining industries.

Magánbankár Kft originated and arranged the capital raising for Skublics.