73JC Beazley Ins 29

RNS No 195p
TISZAI VEGYI KOMBINAT RT.
22nd August 1997


A hundred and seventeen employees in key executive positions at the Company are
involved in the Management's Option Scheme accepted by the Extraordinary
Corporate Meeting on June 14, 1996. Between 1997 and 1999, at each anniversary
of the closing date of the public issue, about 400,000 shares can be allotted at
a rate of the actual Forint equivalent of the Dollar price per share at issue.
The first option period closed on August 18, 1997. Exercising their rights of
option, the Company's executive employees gave instructions about a total of
374,435 shares during the above period.

The number of shares owned by the Management as of the closing date of the
option scheme is as follows:

Name            Number of shares allocated(pc)  Total number of Shares owned(pc)

CEO                      30,000                       31,885
Deputy CEO               20,000                       21,885

Other executive employees also involved applied for a total of 324,435 shares
including 134,496 with instructions for sale. A total of 32,280 shares was
carried forward to the next option period.

The members of the BOD and the Supervisory Board who are not in executive
positions are not involved in the scheme, nor are the board members not
employees of the Company.

Miklos Varhegyi
Chairman CEO

END

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