OLIMP letter

OLIMP
August 31, 2005 Reg.# 345
To Alliance Chatreau Company
Attn Elena Voloshyna, Director
Dear Elena,

The Hollywood School in Ukraine project is an extremely important strategic step for Ukraine with relation to its development of the film industry of the country as a whole.

We are glad that this project is not intended to be kept in the shadows, but is instead planned to receive large-scale publicity and recognition of the Ukrainian people through an advertising and PR campaign of indubitable efficiency frequently proven by the Alliance Chatreau Company, which has gained the highest reputation for excellence over many years of cooperation with our company, as well as with other partners.

We would be truly honored to participate in such a unique and socially important project alongside of those who have already supported the project.

We hereby state our willingness to accept the proposal regarding the participation of the OLIMP corporation in the project as the Exclusive sponsor of the latter, and we are positive that it is the start of a long-term cooperation, which will be extremely beneficial to all participants of the project, and, most of all, to Ukraine.

Sincerely yours

[Signature]

Igor N. Garbaruk
Head of External Communications Department
OLIMP corporation