On 9 February 2012 the Commercial Registry registered the decrease of the registered capital of the Company and the corresponding change of its by-laws, voted by the Extraordinary General Meeting of the Shareholders, held on 26 September 2011.

Registered capital was decreased from BGN 21 million to BGN 2.1 million by decreasing the par value of the shares from BGN 10 to BGN 1 per share. The number of shares outstanding is unchanged and is 2,100,000.