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Warsaw, October 10,  2007

ASBISC Enterprises Plc (ASBIS), one of the leading distributors of IT products in Central and Eastern Europe, the Baltic States, the former Soviet Union, the Middle East and North Africa published its offering prospectus. Based on the Maximum Price the company plans to raise approximately PLN 82,9 mln to implement its development strategy. The offering, will also involve a partial sell down by some of the existing shareholders, and the overall offer value might amount up to PLN 234 mln.

The Offer comprises in aggregate 21,205,144 Offer Shares, representing 7,500,000 New Shares to be issued and offered by the Company and 10,939,256 Sale Shares to be offered by the Selling Shareholders. The key Selling Shareholders are MAIZURI Enterprises Ltd. and Alfa Ventures S.A. and KS Holdings Limited. The shares will be offered to Polish and foreign institutional investors, as well as to Polish retail investors.

In addition, KS Holdings Limited has granted the Global Coordinator an Over-allotment Option covering up to an additional 2,765,888 Offer Shares, representing up to 15 per cent. of the base aggregate number of the Offer Shares, to cover over-allotments, if any, made in connection with the Offer and to cover short positions resulting from stabilisation transactions at the WSE (greenshoe).

The Offer Shares are divided into two tranches:

- the Retail Tranche of 2,650,000 Offer Shares, intended for Retail Investors;

- the Institutional Tranche containing all the remaining 18,555,144 Offer Shares, including up to 2,765,888 Sale Shares, offered under the Over-allotment Option and intended for Institutional Investors.

Depending on the demand, shares may be shifted between tranches.

The book-building process for Polish and international institutional investors will take place between 10 October and 18 October (until 18.00 Warsaw time) and will be handled by ING.

The period in which retail investors may file subscriptions which will commence on 10 October 2007 and will end on 18 October 2007, at 17.00 (Warsaw time). Subscriptions might be filed Customer Service Desks of ING Securities S.A., Order Placement Points operated by DM Polonia Net S.A. and BM Nordea Bank, Customer Service Desks of DM BZWBK and Order Placement Points of Biuro Maklerskie Banku BPH S.A.

The Maximum Price per share is PLN 11.05. The indicative Price Range for the Offer has been set at PLN 7,50 (USD 2,8) to PLN 9,20 (USD 3,4) per share.

The Offer Price will be determined by the Company and the Selling Shareholders upon the recommendation of the Managers after the termination of the Subscription Period not later than on 19 October 2007 taking into account the results of book-building amongst the institutional investors.

Allotment will occur promptly following the Subscription Period, not later than on 19 October 2007 , subject to acceleration or extension of the timetable for the offer at the discretion of the Company and the Selling Shareholders.

The principal use of the proceeds from new shares issued by ASBIS is to invest in the further development of the Group's own brands of IT equipment - Prestigio and Canyon, enabling the Group to take advantage of early payment discounts offered by certain suppliers and expanding the range of branded end-user products offered by the Company.

The Offer Shares are expected to be listed on the Warsaw Stock Exchange around 30 October 2007.

The Company’s advisors during the IPO process are: ING (Global Manager of the Offer), ING Securities, Dewey & LeBoeuf, Deloitte and Touche .

Full press-release text is available here