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Zalakeramia RT (ZALD)

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Wednesday 26 July, 2000

Zalakeramia RT

Credit Facility Amendment

Zalakeramia RT
25 July 2000

The Board of Directors of Zalakeramia Rt. announces that the USD 50 Million
Syndicated Credit Facility Agreement managed by Credit Suisse First Boston,
London Branch, as a result of several negotiations, has been amended.

The new amended credit facility agreement was signed by Zalakeramia Rt. and all
members of the syndicate of banks on 24th July 2000.

The amendment was made on the following conditions: 

- The revolving nature of the credit facility is ceased.

- Final maturity date of the credit agreement is 30 June 2004.

- Zalakeramia Rt. will make a prepayment in an amount of USD 10 million.

- The remaining credit facility will be converted into EUR as at 31 July 2000.