(Ladislav Kovar) Skoda Plzen announced the date of an EGM as December 20, 1999. The main goal is a registered capital decrease, from CZK 9.4 bil. to CZK 2.3 bil., which will cover CZK 7.1 bil. of the CZK 8.1 bil. accumulated loss from 1996 to 1998. The par value will decline from CZK 1,000 to CZK 250. Shareholders should also decide how to cover the remaining accumulated loss, and make changes to the supervisory board. We maintain our reduce rating for Skoda Plzen.