Eurohold Bulgaria AD

AGM Information • Jul 5, 2021

MINUTES

from the regular General Meeting of Shareholders of

EUROHOLD BULGARIA AD

On 30th day of June, 2021, in the city of Sofia, 43 Christopher Columbus Blvd., at 10:30 a.m. (07.30 am UTC) in compliance with all provisions of the applicable legislation an ordinary General Meeting of the Shareholders of Eurohold Bulgaria AD was held.

The meeting was attended by the shareholders listed by names in a list made in compliance with the provisions of article 225 of the Commerce Act. The list of attending shareholders was certified by the chairman and by the secretary of the General Meeting, and is an integral part of these minutes. At the time of opening of the General Meeting of Shareholders of the company, 23 (twenty three) powers of attorney for representation of shareholders at the General Meeting was submitted. The meeting was attended by the Executive director -- Assen Minchev and the investors relations director.

The meeting was opened by Tsvetelina Hristova Stancheva Moskova, proxy of the shareholder - Starcom Holding AD. She welcomed the attendees and proposed to vote a resolution to for the election of a Quorum and Represented Capital Commission with the following members: Mihaela Velislavova Doycheva, PIN and Verzhiniya Pencheva Hubcheva, PIN

. On the above proposal, the General Meeting of Shareholders adopted the following

PROCEDURAL RESOLUTION:

Appoints Quorum and Represented Capital Commission comprising of the following members

Mihaela Velislavova Doycheva, PIN	~ Chairperson
Verzhiniya Pencheva Hubcheva, PIN	- a member

Shareholder	Voted "For"	Voted "Against"	Voted "Abstained"
Starcom Holding AD*	76,839,995
Kamalia Trading Limited according to the instructions of Starcom Holding AD with regard to a repo transaction with shares *	6,110,090
First Investment Bank AD, Russia - according to the instructions of Starcom Holding AD with regard to a repo transaction with shares *	860,000
UPF Future - according to the instructions of Starcom Holding AD with regard to a repo transaction with shares *	6,964,000
PPF Future - according to the instructions of Starcom Holding AD with regard to a repo transaction with shares *	235,000
Insurance company EIG Re EAD - according to the instructions of	1,963,214

Starcom Holding AD with regard to a
repo transaction with shares *
Insurance company Euroins Life EAD-	1,700,070
according to the instructions of
Starcom Holding AD with regard to a
repo transaction with shares *
IC Euroins AD - according to the	299,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
Futures Capital AD - according to the	143,572
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
FL Capital EOOD - according to the	1,848,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
IT Soft EAD - according to the	2,020,400
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
UPF Future *	11,176,133
PPC Future *	829,065
VPF Future *	47,100
Specialized Logistics Systems AD*	2,235,811
UPF Future - according to the	4,760,500
instructions of Specialized Logistics
Systems AD with regard to a repo
transaction with shares *
PPF Future - according to the	918,000
instructions of Specialized Logistics
Systems AD with regard to a repo
transaction with shares *
IC Euroins AD - according to the	3,738,675
instructions of Specialized Logistic
Systems AD with regard to a repo
transaction with shares *
KJK Fund II*	28,116,873
IT Soft EAD*	1,490
IC Euroins AD - according to the	810,950
instructions of IT Soft EAD with regard
to a repo transaction with shares *
Activa Asset Management AD*	176,671
MF ActivaBalansiran Fond*	334,215
MF Activa Visokodohoden Fond*	630,987
Ef Asset Management AD*	333,965
MF Ef Principal*	853,130
MF Ef Rapid*	256,650
GPS Control EAD*	3,570
IC Euroins AD - according to the	449,340
instructions of GPS Control EAD with
regard to a repo transaction with
shares "
Insurance company Euroins Life EAD-	977,300
according to the instructions of GPS
Control EAD with regard to a repo
transaction with shares *
Pro Ins OOD*	239.200

Total percentage of the capital	100 %
represented
Total number of shares represented	155,872,976
* The reason was arranging of for commens and of

The votes are exercised by representative (proxyholder).

The General Meeting of Shareholders finds that no objections were raised in relation to the voting procedure and the results thereof.

Mrs. Mihaela Doycheva, chairperson of the Quorum and Represented Capital Commission, presented information on the shares registered for the General Meeting. After the hearing and upon proposal of Mrs. Tsvetelina Stancheva Moskova, the shareholders adopted the following

PROCEDURAL RESOLUTION:

The General Meeting of Shareholders of Eurohold Bulgaria AD founds that 23 (twenty three) powers of attorney for representation of shareholders at the General Meeting are submitted to the company at the time of opening of the General Meeting, as well as that at the announced time for opening the meeting, namely at 10.30 am (07.30 am UTC) on 30.06.2021, the required quorum was available in compliance with the company's articles of association, as for participation in the General Meeting were registered 22 (twenty two) persons representing 155 872 976 (one hundred and fifty five million eight hundred seventy two thousand and nine hundred and seventy-six) ordinary, registered, dematerialized shares, comprising approximately 78,91 % (seventy eight point ninety one percent) of the capital of Eurohold Bulgaria AD, were registered for participation in the General Meeting. Given the above, there are no statutory obstacles to held the ordinary General Meeting of Shareholders of Eurohold Bulgaria AD on 30.06.2021, at 10.30 am (07.30 am UTC).

Shareholder	Voted	Voted	Voted
	"For"	"Against"	"Abstained"
Starcom Holding AD*	76,839,995
Kamalia Trading Limited according to	6,110,090
the instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
First Investment Bank AD, Russia -	860,000
according to the instructions of
Starcom Holding AD with regard to a
repo transaction with shares *
UPF Future - according to the	6,964,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
PPF Future - according to the	235,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
Insurance company EIG Re EAD -	1,963,214
according to the instructions of
Starcom Holding AD with regard to a
repo transaction with shares *
Insurance company Euroins Life EAD-	1,700.070
according to the instructions of
Starcom Holding AD with regard to a
repo transaction with shares *

IC Euroins AD - according to the	299,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
Futures Capital AD - according to the	143,572
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
FL Capital EOOD - according to the
instructions of Starcom Holding AD	1,848,000
with regard to a repo transaction with
shares *
IT Soft EAD - according to the	2,020,400
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
UPF Future *	11,176,133
PPC Future *	829,065
VPF Future *	47,100
Specialized Logistics Systems AD*	2,235,811
UPF Future - according to the	4,760,500
instructions of Specialized Logistics
Systems AD with regard to a repo
transaction with shares *
PPF Future - according to the	918,000
instructions of Specialized Logistics
Systems AD with regard to a repo
transaction with shares *
IC Euroins AD - according to the
	3,738,675
instructions of Specialized Logistic
Systems AD with regard to a repo
transaction with shares *
KJK Fund II*	28,116,873
IT Soft EAD*	1,490
IC Euroins AD - according to the	810,960
instructions of IT Soft EAD with regard
to a repo transaction with shares *
Activa Asset Management AD*	176,671
MF ActivaBalansiran Fond*	334,215
MF Activa Visokodohoden Fond™	630,987
Ef Asset Management AD*	333,865
MF Ef Principal*	853,130
MF Ef Rapid*	256,650
GPS Control EAD*	3,570
IC Euroins AD - according to the	449,340
instructions of GPS Control EAD with
regard to a repo transaction with
shares *
Insurance company Euroins Life EAD-
	977,300
according to the instructions of GPS
Control EAD with regard to a repo transaction with shares *
Pro Ins OOD	239,200
Total percentage of the capital	100 %
represented
Total number of shares represented	155,872,976

* The votes are exercised by representative (proxyholder).

The General Meeting of Shareholders finds that no objections were raised in relation to the voting procedure and the results thereof.

After these findings in relation to the legitimacy of the meeting, Tsvetelina Stancheva Moskova made a proposal to the shareholders to elect a Chairperson of the General Meeting of Shareholders, a secretary of the meeting, as well as vote counters. For Chairperson of the General Meeting of Shareholders she proposed herseif -Tsvetelina Hristova Stancheva Moskova, PIN , as secretary of the General Meeting of Shareholders was proposed Radoslava Nikolova Peneva, PIN , and for vote counters she proposed to be elected Iva Ventsislavova Naumova, PIN and Mihaela Velislavova Doycheva, PIN

The General Meeting of Shareholders of Eurohold Bulgaria AD found that no other proposals for election of Chairperson of the General Meeting of Shareholders, secretary of the General Meeting of Shareholders and vote counters, and therefore unanimously adopts the following

PROCEDURAL RESOLUTION:

1. Elects Tsvetelina Hristova Stancheva Moskova, PIN , as a chairperson of the General Meeting of Shareholders.

2. Elects Radoslava Nikolova Peneva, PiN a secretary of the General Meeting of Shareholders;

PIN

1. Elects Iva Ventsislavova Naumova, PIN and Mihaela Velislavova Doycheva, as vote counters of the General Meeting of Shareholders.

Shareholder	Voted	Voted	Voted
	"For"	"Against"	"Abstained"
Starcom Holding AD*	76,839,995
Kamalia Trading Limited according to	6,110,090
the instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
First Investment Bank AD, Russia -	860,000
according to the instructions of
Starcom Holding AD with regard to a
repo transaction with shares *
UPF Future - according to the	6,964,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
PPF Future - according to the	235,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
Insurance company EIG Re EAD -	1,963,214
according to the instructions of
Starcom Holding AD with regard to a
repo transaction with shares *
Insurance company Euroins Life EAD-	1,700.070
according to the instructions of
Starcom Holding AD with regard to a
repo transaction with shares *
IC Euroins AD - according to the	299,000
instructions of Starcom Holding AD
with regard to a repo transaction with

shares *
Futures Capital AD - according to the	143,572
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
FL Capital EOOD - according to the	1,848,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
IT Soft EAD - according to the	2,020,400
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
UPF Future *	11,176,133
PPC Future *	829,065
VPF Future *	47,100
Specialized Logistics Systems AD*	2,235,811
UPF Future - according to the	4,760,500
instructions of Specialized Logistics
Systems AD with regard to a repo
transaction with shares *
PPF Future - according to the	918,000
instructions of Specialized Logistics
Systems AD with regard to a repo
transaction with shares *
IC Euroins AD - according to the	3,738,675
instructions of Specialized Logistic
Systems AD with regard to a repo
transaction with shares *
KJK Fund II*	28,116,873
IT Soft EAD*	1,490
IC Euroins AD - according to the	810,960
instructions of IT Soft EAD with regard
to a repo transaction with shares *
Activa Asset Management AD*	176,671
MF ActivaBalansiran Fond*	334,215
MF Activa Visokodohoden Fond*	630,987
Et Asset Management AD*	333,965
MF Ef Principal*	853,130
MF Ef Rapid*	256,650
GPS Control EAD*	3,570
IC Euroins AD - according to the	449,340
instructions of GPS Control EAD with
regard to a repo transaction with
shares *
Insurance company Euroins Life EAD-	977,300
according to the instructions of GPS
Control EAD with regard to a repo
transaction with shares *
Pro Ins OOD*	239,200
Total percentage of the capital	100 %
represented
Total number of shares represented	155,872,976

* The votes are exercised by representative (proxyholder).

The General Meeting of Shareholders finds that no objections were raised in relation to the voting procedure and the results thereof.

After the adoption of the above resolution, the chairperson of the General Meeting informed the attendees that according to the provision of Article 231, paragraph 1 of the Commerce Act the General Meeting of the Shareholders is not entitled to take decisions related to matters that are not announced in accordance to Article 223 and 223a of the Commerce Act, unless all the shareholders are present or are represented at the session of the General Meeting and none of them objects against the discussions of any issues raised. In view of the fact that not all shareholders are present at today's session, the latter shall be held according to the agenda previously announced in the notice to the shareholders, and namely:

1. Adoption of the annual financial statements of the company for the year 2020. (droft decision: The General meeting of the shareholders adopts the annual financial statements of the company for the year 2020.);

2. Adoption of the report of the specialized auditors' company for the audit performed of the annual financial statements of the company for the year 2020. (droft decision: The General meeting of the shareholders adopts the report of the specialized auditors' company for the audit performed of the annual financial statements of the company for the year 2020.);

3. Adoption of the report of the Management Board for the company's activity during the year 2020. (draft decision: The General meeting of the shareholders adopts the report of the Management Board for the company's activity during the year 2020.);

4. Adoption of the consolidated annual financial statements of the company for the year 2020. (draft decision: The General meeting of the shareholders adopts the consolidated annual financial statements of the company for the year 2020.);

5. Adoption of the report of the specialized auditors' company for the audit performed of the consolidated annual financial statements of the company for the year 2020. (droft decision: The General meeting of the shareholders adopts the report of the specialized auditors' company for the audit performed of the consolidated annual financial statements of the company for the year 2020.);

6. Adoption of the consolidated report of the Management Board for the company's activity during the year 2020. (draft decision: The General meeting of the shareholders adopts the consolidated report of the Management Board for the company's activity during the year 2020.);

7. Approval of the proposal of the Management board for allocation of the profit from company's operation during the year 2020. {draft decision: The General meeting of the shareholders approves the Management Board's proposal on profit distribution from company's operation during the year 2020, namely: profit shall not be allocated.);

8. Election of a specialized auditors' company of the company for the year 2021. (draft decision: The General meeting of the shareholders elects the specialized auditors' company for 2021 according to a recommendation of the Audit Committee of the company.):

9. Release from liability the members of the Supervisory Board and the members of the Management Board of Eurohold Bulgaria AD for their activity during the year 2020. (draft decision: The General meeting of the shareholders releases from liability the members of the Supervisory Board and the members of the Management Board of Eurohold Bulgaria AD for their activity during the year 2020.);

10. Adoption of the report of the Investor Relations Director's activity during the year 2020. (draft decision: The General meeting of the shareholders adopts the Investor Relations Director's activity during the year 2020.);

11. Adoption of the report of company's Audit Committee for the year 2020. (draft decision: The General meeting of the shareholders adopts the report of company's Audit Committee for the year 2020.);

12. Adoption of the report for application of the remuneration policy during 2020 pursuant to Art. 12, paragraph 1 of Ordinance No. 48 on the Remuneration Requirements dated 20 March 2013. (draft decision: The General meeting of the shareholders adopts the report for application of the remuneration policy during 2020 pursuant to Art. 12, paragraph 1 of Ordinance No. 48 on the Remuneration Requirements dated 20 March 2013.).

13. Adoption of an annual report of the Supervisory board in its capacity of Remuneration committee. (draft decision: The General meeting of the shareholders adopts an annual report of the Supervisory board in its capacity of Remuneration committee.)

14. (supplemented as provided for in art. 223a of the Commercial Act in connection with art. 118, para 2, item 4 of the Public Offering of Securities Act)Dismissal of a member of the Supervisory Board of Eurohold Bulgaria AD. (draft decision – The General Meeting of Shareholders dismisses Lyubomir Stoev from his position as a member of the Supervisory Board of Eurohold Bulgaria AD.)

15. (supplemented as provided for in art. 223a of the Commercial Act in connection with art. 118, para 2, item 4 of the Public Offering of Securities Act) Election of a new member of the Supervisory Board of Eurohold Bulgaria AD. (draft decision - The General Meeting of Shareholders elects Ivaylo Krasimirov Angarski, PIN , as a new member of the Supervisory Board of Eurohold Bulgaria AD. The General Meeting of Shareholders determines a monthly remuneration of the newly elected member of the Supervisory Board in the gross amount of BGN 4,000 ffour thousand Bulgarian leva). The General Meeting of Shareholders authorizes the Chairman of the Supervisory Board of Eurohold Bulgaria AD to enter into an agreement regulating the relations between the company and the newly elected member of the Supervisory Board.)

Under item 1 of the agenda, the chairperson of the session read the proposal under this item of the agenda. No questions or other proposals were raised for decision. The Chairperson of the General Meeting put the draft resolution to voting, and thus the General Meeting of Shareholders unanimously adopted the following

RESOLUTION No. 1

The General Meeting of Shareholders adopts the annual financial statements of the company for 2020.

Shareholder	Voted	Voted	Voted
	"For"	"Against"	"Abstained"
Starcom Holding AD*	76,839,995
Kamalia Trading Limited according to	6.110.090
the instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
First Investment Bank AD, Russia -	860,000
according to the instructions of
Starcom Holding AD with regard to a
repo transaction with shares *
UPF Future - according to the	6,964,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
PPF Future - according to the	235,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
Insurance company EIG Re EAD -	1,963,214
according to the instructions of
Starcom Holding AD with regard to a
repo transaction with shares *
Insurance company Euroins Life EAD-	1,700,070

according to the instructions of
Starcom Holding AD with regard to a
repo transaction with shares *
IC Euroins AD - according to the	299,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
Futures Capital AD - according to the	143,572
instructions of Starcom Holding AD
with regard to a repo transaction with shares *
FL Capital EOOD - according to the	1,848,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
IT Soft EAD - according to the	2,020,400
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
UPF Future *	11,176,133
PPC Future *	829,065
VPF Future *	47,100
Specialized Logistics Systems AD*	2,235,811
UPF Future - according to the	4,760,500
instructions of Specialized Logistics
Systems AD with regard to a repo
transaction with shares *
PPF Future - according to the	918,000
instructions of Specialized Logistics
Systems AD with regard to a repo
transaction with shares *
IC Euroins AD - according to the	3,738,675
instructions of Specialized Logistic
Systems AD with regard to a repo
transaction with shares *
KJK Fund II*	28,116,873
IT Soft EAD*	1,490
IC Euroins AD - according to the	810,960
instructions of IT Soft EAD with regard
to a repo transaction with shares *
Activa Asset Management AD*	176,671
MF ActivaBalansiran Fond®	334,215
MF Activa Visokodohoden Fond*	630,987
Ef Asset Management AD*	333,965
MF Ef Principal*	853,130
MF Ef Rapid*	256,650
GPS Control EAD*	3,570
IC Euroins AD - according to the	449,340
instructions of GPS Control EAD with
regard to a repo transaction with
shares *
Insurance company Euroins Life EAD-	977,300
according to the instructions of GPS
Control EAD with regard to a repo
transaction with shares *
Pro Ins OOD*	239,200
Total percentage of the capital	100 %
represented

Total number of shares represented ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------	155,872,976		As, Multi-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al-Al
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ The votes are exercised by representative (proxyholder)

The General Meeting of Shareholders finds that no objections were raised in relation to the voting procedure and the results thereof.

Under item 2 of the agenda, the chairperson of the session read the proposal under this item of the agenda. No questions or other proposals were raised for decision. The Chairperson of the General Meeting put the draft resolution to voting, and thus the General Meeting of Shareholders unanimously adopted the following

RESOLUTION No. 2

The General Meeting of Shareholders adopts the report of the specialized audit company for the auditing of the company's annual financial statements for 2020.

Shareholder Voted Voted Voted "For" "Against" "Abstained" Starcom Holding AD* 76,839,995 Kamalia Trading Limited according to 6,110,090 the instructions of Starcom Holding AD with regard to a repo transaction with shares * First Investment Bank AD, Russia -860,000 according to the instructions of Starcom Holding AD with regard to a repo transaction with shares * UPF Future - according to the 6,964,000 instructions of Starcom Holding AD with regard to a repo transaction with shares * PPF Future - according to the 235,000 instructions of Starcom Holding AD with regard to a repo transaction with shares * Insurance company EIG Re EAD -1,963,214 according to the instructions of Starcom Holding AD with regard to a repo transaction with shares * Insurance company Euroins Life EAD-1,700,070 according to the instructions of Starcom Holding AD with regard to a repo transaction with shares * IC Euroins AD - according to the 299,000 instructions of Starcom Holding AD with regard to a repo transaction with shares * Futures Capital AD - according to the 143,572 instructions of Starcom Holding AD with regard to a repo transaction with shares * FL Capital EOOD - according to the 1,848,000 instructions of Starcom Holding AD with regard to a repo transaction with shares * IT Soft EAD - according to the 2,020,400

instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
UPF Future *	11,176,133
PPC Future *	829,065
VPF Future *	47,100
Specialized Logistics Systems AD*	2,235,811
UPF Future - according to the	4,760,500
instructions of Specialized Logistics
Systems AD with regard to a repo
transaction with shares *
PPF Future - according to the	918,000
instructions of Specialized Logistics
Systems AD with regard to a repo
transaction with shares *
IC Euroins AD - according to the	3,738,675
instructions of Specialized Logistic
Systems AD with regard to a repo
transaction with shares *
KJK Fund II*	28,116,873
IT Soft EAD*	1,490
IC Euroins AD - according to the	810,960
instructions of IT Soft EAD with regard
to a repo transaction with shares *
Activa Asset Management AD*	176,671
MF ActivaBalansiran Fond*	334,215
MF Activa Visokodohoden Fond*	630,987
Ef Asset Management AD*	333,965
MF Ef Principal*	853,130
MF Ef Rapid *	256,650
GPS Control EAD*	3,570
IC Euroins AD - according to the	449,340
instructions of GPS Control EAD with
regard to a repo transaction with
shares *
Insurance company Euroins Life EAD-	977,300
according to the instructions of GPS
Control EAD with regard to a repo
transaction with shares *
Pro Ins OOD*	239,200
Total percentage of the capital	100 %
represented
Total number of shares represented
	155,872,976

* The votes are exercised by representative (proxyholder).

The General Meeting of Shareholders finds that no objections were raised in relation to the voting procedure and the results thereof.

Under item 3 of the agenda, the chairperson of the session read the proposal under this item of the agenda. No questions or other proposals were raised for decision. The Chairperson of the General Meeting put the draft resolution to voting, and thus the General Meeting of Shareholders unanimously adopted the following

RESOLUTION No. 3

The General Meeting of Shareholders adopts the report of the Management Board for the company's operations in 2020.

Shareholder	Voted	Voted	Voted
	"For"	"Against"	"Abstained"
Starcom Holding AD*	76,839,995
Kamalia Trading Limited according to	6,110,090
the instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
First Investment Bank AD, Russia -	860,000
according to the instructions of
Starcom Holding AD with regard to a
repo transaction with shares *
UPF Future - according to the	6,964,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
PPF Future - according to the instructions of Starcom Holding AD	235,000
with regard to a repo transaction with
shares *
Insurance company EIG Re EAD -	1,963,214
according to the instructions of
Starcom Holding AD with regard to a
repo transaction with shares *
Insurance company Euroins Life EAD-	1,700,070
according to the instructions of
Starcom Holding AD with regard to a
repo transaction with shares *
IC Euroins AD - according to the	299,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
Futures Capital AD - according to the	143,572
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
FL Capital EOOD - according to the	1,848,000
instructions of Starcom Holding AD
with regard to a repo transaction with shares *
IT Soft EAD - according to the
instructions of Starcom Holding AD	2,020,400
with regard to a repo transaction with
shares *
UPF Future *	11,176,133
PPC Future *	829,065
VPF Future *	47,100
Specialized Logistics Systems AD*	2,235,811
UPF Future - according to the	4,760,500
instructions of Specialized Logistics
Systems AD with regard to a repo
transaction with shares *
PPF Future - according to the	918,000
instructions of Specialized Logistics
Systems AD with regard to a repo

transaction with shares *
IC Euroins AD - according to the	3,738,675
instructions of Specialized Logistic
Systems AD with regard to a repo
transaction with shares *
KJK Fund II*	28,116,873
IT Soft EAD*	1,490
IC Euroins AD - according to the	810,960
instructions of IT Soft EAD with regard
to a repo transaction with shares *
Activa Asset Management AD*	176,671
MF ActivaBalansiran Fond*	334,215
MF Activa Visokodohoden Fond*	630,987
Ef Asset Management AD*	333,965
MF Ef Principal*	853,130
MF Ef Rapid*	256,650
GPS Control EAD*	3,570
IC Euroins AD - according to the	449,340
instructions of GPS Control EAD with
regard to a repo transaction with
shares *
Insurance company Euroins Life EAD-	977,300
according to the instructions of GPS
Control EAD with regard to a repo
transaction with shares *
Pro Ins OOD*	239,200
Total percentage of the capital	100 %
represented
Total number of shares represented	155,872,976

* The votes are exercised by representative (proxyholder).

The General Meeting of Shareholders finds that no objections were raised in relation to the voting procedure and the results thereof.

Under item 4 of the agenda, the chairperson of the session read the proposal under this item of the agenda. No questions or other proposals were raised for decision. The Chairperson of the General Meeting put the draft resolution to voting, and thus the General Meeting of Shareholders unanimously adopted the following

RESOLUTION No. 4

The General Meeting of Shareholders adopts the annual consolidated statements of the company for 2020.

Shareholder	Voted	Voted	Voted
	"For"	"Against"	"Abstained
Starcom Holding AD*	76,839,995
Kamalia Trading Limited according to	6.110,090
the instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
First Investment Bank AD, Russia -	860.000
according to the instructions of
Starcom Holding AD with regard to a

repo transaction with shares *
UPF Future - according to the	6,964,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
PPF Future - according to the	235,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
Insurance company EIG Re EAD -	1,963,214
according to the instructions of
Starcom Holding AD with regard to a
repo transaction with shares *
Insurance company Euroins Life EAD-	1,700,070
according to the instructions of
Starcom Holding AD with regard to a
repo transaction with shares *
IC Euroins AD - according to the	299,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
Futures Capital AD - according to the	143,572
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
FL Capital EOOD - according to the	1,848,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
IT Soft EAD - according to the	2,020,400
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
UPF Future *
PPC Future *	11,176,133
VPF Future *	829,065
Specialized Logistics Systems AD*	47,100
UPF Future - according to the	2,235,811
	4,760,500
instructions of Specialized Logistics Systems AD with regard to a repo
transaction with shares *
PPF Future - according to the
	918,000
instructions of Specialized Logistics
Systems AD with regard to a repo transaction with shares *
IC Euroins AD - according to the
	3,738,675
instructions of Specialized Logistic
Systems AD with regard to a repo transaction with shares *
KIK Fund II*
	28,116,873
IT Soft EAD*	1,490
IC Euroins AD - according to the	810,960
instructions of IT Soft EAD with regard
to a repo transaction with shares *
Activa Asset Management AD*	176,671
MF ActivaBalansiran Fond*	334,215
MF Activa Visokodohoden Fond*	630,987
Ef Asset Management AD*	333,965
MF Ef Principal*	853,130

MF Ef Rapid*	256,650	100 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 00
GPS Control EAD *	3,570
IC Euroins AD - according to the instructions of GPS Control EAD with regard to a repo transaction with shares *	449,340
Insurance company Euroins Life EAD- according to the instructions of GPS Control EAD with regard to a repo transaction with shares *	977,300
Pro Ins OOD*	239, 200
Total percentage of the capital represented	100 %
Total number of shares represented	155,872.976

* The votes are exercised by representative (proxyholder).

The General Meeting of Shareholders finds that no objections were raised in relation to the voting procedure and the results thereof.

Under item 5 of the agenda, the Chairperson of the General Meeting informed the attendees on the draft resolution on this item of the agenda. There were no questions and pronouncements. Therefore the chairperson of the General Meeting put to a vote the sole draft resolution under this item of the agenda, and namely the this one included in the notice for convocation of the General Meeting published in the Commercial Register, and the General Meeting of Shareholders unanimously adopted the following

RESOLUTION No. 5

The General Meeting of Shareholders adopts the report of the specialized audit company for the auditing of the company's consolidated annual financial statements for 2020.

A P 2 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Shareholder	Voted	Voted	Voted
	"For"	"Against"	"Abstained"
Starcom Holding AD*	76,839,995
Kamalia Trading Limited according to	6,110,090
the instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
First Investment Bank AD, Russia -	860,000
according to the instructions of
Starcom Holding AD with regard to a
repo transaction with shares *
UPF Future - according to the	6,964,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
PPF Future - according to the	235,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
Insurance company EIG Re EAD -	1,963,214
according to the instructions of
Starcom Holding AD with regard to a
repo transaction with shares *

Insurance company Euroins Life EAD-	1,700,070
according to the instructions of
Starcom Holding AD with regard to a
repo transaction with shares *
IC Euroins AD - according to the
instructions of Starcom Holding AD	299,000
with regard to a repo transaction with
shares *
Futures Capital AD - according to the	143,572
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
FL Capital EOOD - according to the	1,848,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
IT Soft EAD - according to the	2,020,400
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
UPF Future *	11,176,133
PPC Future *	829,065
VPF Future *	47,100
Specialized Logistics Systems AD*	2,235,811
UPF Future - according to the	4,760,500
instructions of Specialized Logistics
Systems AD with regard to a repo
transaction with shares *
PPF Future - according to the
instructions of Specialized Logistics	918,000
Systems AD with regard to a repo
transaction with shares *
IC Euroins AD - according to the	3,738,675
instructions of Specialized Logistic
Systems AD with regard to a repo
transaction with shares *
KJK Fund II*	28,116,873
IT Soft EAD*	1,490
IC Euroins AD - according to the	810,960
instructions of IT Soft EAD with regard
to a repo transaction with shares *
Activa Asset Management AD*	176,671
MF ActivaBalansiran Fond*	334,215
MF Activa Visokodohoden Fond*	630,987
Ef Asset Management AD*	333,962
MF Ef Principal*	853,130
MF Ef Rapid *	256,650
GPS Control EAD*
IC Euroins AD - according to the	3,570
instructions of GPS Control EAD with	449,340
regard to a repo transaction with
shares *
Insurance company Euroins Life EAD-	977,300
according to the instructions of GPS
Control EAD with regard to a repo
transaction with shares *
Pro Ins OOD*	239,200
Total percentage of the capital	100 %
represented

Total number of shares represented '	155.872.976		"W"TH AN AN AN AN ANY OF OCCUPANT OF THE SEA FOR SEE AND AND AND AND AND AND
· The votes are exercised by representative (proxyholder).

The General Meeting of Shareholders finds that no objections were raised in relation to the voting procedure and the results thereof.

Under item 6 of the agenda, the Chairperson of the General Meeting informed the attendees on the draft resolution on this item of the agenda. There were no questions and pronouncements. Therefore the chairperson of the General Meeting put to a vote the sole draft resolution under this item of the agenda, and namely the this one included in the notice for convocation of the General Meeting published in the Commercial Register, and the General Meeting of Shareholders unanimously adopted the following

RESOLUTION No. 6

The General Meeting of Shareholders adopts the consolidated report of the Management Board for the company's activity during the year 2020.

VOME (CSMIS are as millows: Shareholder	Voted	Voted	Voted
	"For"	"Against"	"Abstained"
Starcom Holding AD*	76,839,995
Kamalia Trading Limited according to	6,110,090
the instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
First Investment Bank AD, Russia -	860,000
according to the instructions of
Starcom Holding AD with regard to a
repo transaction with shares *
UPF Future - according to the	6,964,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
PPF Future - according to the	235,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
Insurance company EIG Re EAD -	1,963,214
according to the instructions of
Starcom Holding AD with regard to a
repo transaction with shares *
Insurance company Euroins Life EAD-	1,700,070
according to the instructions of
Starcom Holding AD with regard to a
repo transaction with shares *
IC Euroins AD - according to the instructions of Starcom Holding AD	299,000
with regard to a repo transaction with
shares *
Futures Capital AD - according to the
instructions of Starcom Holding AD	143,572
with regard to a repo transaction with
shares *
FL Capital EOOD - according to the	1,848,000

instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
IT Soft EAD - according to the	2,020,400
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
UPF Future *
PPC Future *	11,175,133
VPF Future *	829,065
	47,100
Specialized Logistics Systems AD*	2,235,811
UPF Future - according to the	4,760,500
instructions of Specialized Logistics
Systems AD with regard to a repo
transaction with shares *
PPF Future - according to the	918,000
instructions of Specialized Logistics
Systems AD with regard to a repo
transaction with shares *
IC Euroins AD - according to the	3,738,675
instructions of Specialized Logistic
Systems AD with regard to a repo
transaction with shares *
KJK Fund II*	28,116,873
IT Soft EAD*	1,490
IC Euroins AD - according to the	810,960
instructions of IT Soft EAD with regard
to a repo transaction with shares *
Activa Asset Management AD*	176,671
MF ActivaBalansiran Fond*	334,215
MF Activa Visokodohoden Fond*	630,987
Ef Asset Management AD*	333,962
MF Ef Principal*	853,130
MF Ef Rapid*	256,650
GPS Control EAD*	3,570
IC Euroins AD - according to the	449,340
instructions of GPS Control EAD with
regard to a repo transaction with
shares *
Insurance company Euroins Life EAD-	977,300
according to the instructions of GPS
Control EAD with regard to a repo
transaction with shares *
Pro Ins OOD*	239,200
Total percentage of the capital	100 %
represented
Total number of shares represented
	155,872,976

* The votes are exercised by representative (proxyholder).

The General Meeting of Shareholders finds that no objections were raised in relation to the voting procedure and the results thereof.

Under item 7 of the agenda, the Chairperson of the General Meeting informed the attendees on the draft resolution on this item of the agenda. There were no questions, pronouncements and other proposals for discussion. Therefore the chairperson of the General Meeting put to a vote the sole draft resolution under this item of the agenda, and namely the this

one included in the notice for convocation of the General Meeting published in the Commercial Register, and the General Meeting of Shareholders unanimously adopted the following

RESOLUTION No. 7

The General meeting of the shareholders approves the Management Board's proposal on profit distribution from company's operation during the year 2020, namely: profit shall not be allocated.

Shareholder	Voted	Voted	Voted
	"For"	"Against"	"Abstained"
Starcom Holding AD*	76,839,995
Kamalia Trading Limited according to	6,110,090
the instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
First Investment Bank AD, Russia -	860,000
according to the instructions of
Starcom Holding AD with regard to a
repo transaction with shares *
UPF Future - according to the	6,964,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
PPF Future - according to the	235,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
Insurance company EIG Re EAD -	1,963,214
according to the instructions of
Starcom Holding AD with regard to a
repo transaction with shares *
Insurance company Euroins Life EAD-	1,700,070
according to the instructions of
Starcom Holding AD with regard to a
repo transaction with shares *
IC Euroins AD - according to the	299,000
instructions of Starcom Holding AD
with regard to a repo transaction with shares *
Futures Capital AD - according to the	143,572
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
FL Capital EOOD - according to the	1,848,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
IT Soft EAD - according to the	2,020,400
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
UPF Future *	11,176,133
PPC Future *	829,065
VPF Future *	47,100
Specialized Logistics Systems AD*	2,235,811

UPF Future - according to the	4,760,500
instructions of Specialized Logistics
Systems AD with regard to a repo
transaction with shares *
PPF Future - according to the	918.000
instructions of Specialized Logistics
Systems AD with regard to a repo
transaction with shares *
IC Euroins AD - according to the	3,738,675
instructions of Specialized Logistic
Systems AD with regard to a repo
transaction with shares *
KJK Fund II*	28,116,873
IT Soft EAD*	1,490
IC Euroins AD - according to the	810,960
instructions of IT Soft EAD with regard
to a repo transaction with shares *
Activa Asset Management AD*	176,671
MF ActivaBalansiran Fond*	334,215
MF Activa Visokodohoden Fond*	630,987
Ef Asset Management AD*	333,965
MF Ef Principal*	853,130
MF Ef Rapid*	256,650
GPS Control EAD*	3,570
IC Euroins AD - according to the	449,340
instructions of GPS Control EAD with
regard to a repo transaction with
shares *
Insurance company Euroins Life EAD-	977,300
according to the instructions of GPS
Control EAD with regard to a repo
transaction with shares *
Pro Ins OOD*	239,200
Total percentage of the capital	100 %
represented
Total number of shares represented	155.872.976

* The votes are exercised by representative (proxyholder).

The General Meeting of Shareholders finds that no objections were raised in relation to the voting procedure and the results thereof.

Under item 8 of the agenda, the Chairperson of the General Meeting informed the attendees on the draft resolution on this item of the agenda and with the Audit Committee's recommendation, namely that the auditors' selection process has not yet been completed and that recommendation shall be made following completion of this process. There were no other proposals for resolution under this item of the agenda. Therefore the chairperson of the General Meeting put to a vote the sole draft resolution under this item of the agenda – namely The General meeting of the shareholders does not elect a specialized auditors company for the year 2021 due to unfinished selection procedure and the General Meeting of Shareholders unanimously adopted the following

RESOLUTION No. 8

The General meeting of the shareholders does not elect a specialized auditors company for the year 2021 due to unfinished selection procedure.

Shareholder	Voted	Voted	Voted
	"For"	"Against"	"Abstained"
Starcom Holding AD*	76,839,995
Kamalia Trading Limited according to	6,110,090
the instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
First Investment Bank AD, Russia -	860,000
according to the instructions of
Starcom Holding AD with regard to a
repo transaction with shares *
UPF Future - according to the	6,964,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
PPF Future - according to the	235,000
instructions of Starcom Holding AD
with regard to a repo transaction with shares *
Insurance company EIG Re EAD -
according to the instructions of	1,963,214
Starcom Holding AD with regard to a
repo transaction with shares *
Insurance company Euroins Life EAD-	1,700,070
according to the instructions of
Starcom Holding AD with regard to a
repo transaction with shares *
IC Euroins AD - according to the	299,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
Futures Capital AD - according to the	143,572
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
FL Capital EOOD - according to the	1,848,000
instructions of Starcom Holding AD
with regard to a repo transaction with shares *
IT Soft EAD - according to the instructions of Starcom Holding AD	2,020,400
with regard to a repo transaction with
shares *
UPF Future *	11,176,133
PPC Future "	829,065
VPF Future *	47,100
Specialized Logistics Systems AD*	2,235,811
UPF Future - according to the	4,760,500
instructions of Specialized Logistics
Systems AD with regard to a repo
transaction with shares *
PPF Future - according to the	918,000
instructions of Specialized Logistics
Systems AD with regard to a repo
transaction with shares *
IC Euroins AD - according to the	3,738,675
instructions of Specialized Logistic
Systems AD with regard to a repo

transaction with shares *
KJK Fund II*	28,116,873
IT Soft EAD*	1,490
IC Euroins AD - according to the	810,960
instructions of IT Soft EAD with regard
to a repo transaction with shares *
Activa Asset Management AD*	175,671
MF ActivaBalansiran Fond*	334,215
MF Activa Visokodohoden Fond*	630,987
Ef Asset Management AD*	333,965
MF Ef Principal*	853,130
MF Ef Rapid*	256,650
GPS Control EAD*	3,570
IC Euroins AD - according to the	449,340
instructions of GPS Control EAD with
regard to a repo transaction with
shares *
Insurance company Euroins Life EAD-	977,300
according to the instructions of GPS
Control EAD with regard to a repo
transaction with shares *
Pro Ins OOD*	239,200
Total percentage of the capital	100 %
represented
Total number of shares represented	155,872,976

* The votes are exercised by representative (proxyholder).

The General Meeting of Shareholders finds that no objections were raised in relation to the voting procedure and the results thereof,

Under item 9 of the agenda, the Chairperson of the General Meeting informed the attendees on the draft resolution on this item of the agenda. There were no questions and pronouncements. Therefore, the chairperson of the General Meeting put to a vote the sole draft resolution under this item of the agenda, and namely the this one included in the notice for convocation of the General Meeting published in the Commercial Register, and the General Meeting of Shareholders unanimously adopted the following

RESOLUTION No. 9

The General Meeting of the Shareholders releases from liability the members of the Supervisory Board and the members of the Management Board of Eurohold Bulgaria AD for their activity during the year 2020.

Shareholder	Voted "For"	Voted "Against"	Voted "Abstained"
Starcom Holding AD*	76,839,995
Kamalia Trading Limited according to the instructions of Starcom Holding AD with regard to a repo transaction with shares *	6,110,090
First Investment Bank AD, Russia - according to the instructions of Starcom Holding AD with regard to a	860.000

repo transaction with shares *
UPF Future - according to the	6,964,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
PPF Future - according to the	235,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
Insurance company EIG Re EAD -	1,963,214
according to the instructions of
Starcom Holding AD with regard to a
repo transaction with shares *
Insurance company Euroins Life EAD-	1,700,070
according to the instructions of
Starcom Holding AD with regard to a
repo transaction with shares *
IC Euroins AD - according to the	299,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
Futures Capital AD - according to the	143,572
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
FL Capital EOOD - according to the	1,848,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
IT Soft EAD - according to the	2,020,400
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
UPF Future *	11,176,133
PPC Future *	829,065
VPF Future *	47,100
Specialized Logistics Systems AD*	2,235,811
UPF Future - according to the	4,760,500
instructions of Specialized Logistics
Systems AD with regard to a repo
transaction with shares *
PPF Future - according to the	918,000
instructions of Specialized Logistics
Systems AD with regard to a repo
transaction with shares *
IC Euroins AD - according to the	3,738,675
instructions of Specialized Logistic
Systems AD with regard to a repo
transaction with shares *
KJK Fund II*	28,116,873
IT Soft EAD*	1,490
IC Euroins AD - according to the	810,960
instructions of IT Soft EAD with regard
to a repo transaction with shares *
Activa Asset Management AD*	176,671
MF ActivaBalansiran Fond*	334,215
MF Activa Visokodohoden Fond*	630,987
Ef Asset Management AD8	333,965
MF Ef Principal"	853,130

MF Ef Rapid*	256,650
GPS Control EAD*	3.570
IC Euroins AD - according to the instructions of GPS Control EAD with regard to a repo transaction with shares *	449,340
Insurance company Euroins Life EAD- according to the instructions of GPS Control EAD with regard to a repo transaction with shares *	977,300
Pro Ins OOD*	239,200
Total percentage of the capital represented	100 %	00 80 80 80 80 80 80, 80, 80, 80, 80, 80, 805 80, 80, 80, 80, 80, 80, 80, 80, 80, 80, 80, 80, 80, 80, 80, 80, 80, 80
Total number of shares represented	155,872,976	AN SEE ECC. 2011 E.S. 2011 2012 anno anno acco porce anno sono sono sono none none program and the first for the

* The votes are exercised by representative (proxyholder).

The General Meeting of Shareholders finds that no objections were raised in relation to the voting procedure and the results thereof.

Under item 10 of the agenda, the Chairperson of the General Meeting informed the attendees on the draft resolution on this item of the agenda. There were no questions and pronouncements. Therefore the chairperson of the General Meeting put to a vote the sole draft resolution under this item of the agenda, and namely the this one included in the notice for convocation of the General Meeting published in the Commercial Register, and the General Meeting of Shareholders unanimously adopted the following

RESOLUTION No. 10

The General Meeting of Shareholders adopts the report of the activity of the investor Relations Director during the year 2020.

1 SUILE 1 6 SALES 81 6 8 1 8 1 8 1 8 1 8 1 8 1 8 1 8 1 8 1 8 1 8 1 8 1 8 1 8 1 8 1 8 1 8 1 8 1 8 1 8 1 8 1 8 1 8 1 8 1 8 1 8 1 8 1 8 1 8 1 8 1 8 1 8 1 8 1 8 1 8 1 8 1 8 1 8 1 Shareholder	Voted	Voted	Voted
	"For"	"Against"	"Abstained"
Starcom Holding AD*	76,839,995
Kamalia Trading Limited according to	6,110,090
the instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
First Investment Bank AD, Russia -	860,000
according to the instructions of
Starcom Holding AD with regard to a
repo transaction with shares *
UPF Future - according to the	6,964,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
PPF Future - according to the	235,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
Insurance company EIG Re EAD -	1,963,214
according to the instructions of
Starcom Holding AD with regard to a
repo transaction with shares *

insurance company Euroins Life EAD-	1,700,070
according to the instructions of
Starcom Holding AD with regard to a
repo transaction with shares *
IC Euroins AD - according to the
instructions of Starcom Holding AD	299,000
with regard to a repo transaction with
shares *
Futures Capital AD - according to the	143,572
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
FL Capital EOOD - according to the	1,848,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
IT Soft EAD - according to the	2,020,400
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
UPF Future *	11,176,133
PPC Future *	829,065
VPF Future *	47,100
Specialized Logistics Systems AD*
UPF Future - according to the	2,235,811
	4,760,500
instructions of Specialized Logistics
Systems AD with regard to a repo
transaction with shares *
PPF Future - according to the	ﺔ 18,000
instructions of Specialized Logistics
Systems AD with regard to a repo
transaction with shares *
IC Euroins AD - according to the	3,738,675
instructions of Specialized Logistic
Systems AD with regard to a repo
transaction with shares *
KJK Fund II*	28,116,873
IT Soft EAD*	1,490
IC Euroins AD - according to the	810,960
instructions of IT Soft EAD with regard
to a repo transaction with shares *
Activa Asset Management AD*	176,671
MF ActivaBalansiran Fond®	334,215
MF Activa Visokodohoden Fond*
	630,987
Ef Asset Management AD*	333,965
MF Ef Principal*	853,130
MF Ef Rapid*	256,650
GPS Control EAD*	3,570
IC Euroins AD - according to the	449,340
instructions of GPS Control EAD with
regard to a repo transaction with
shares *
Insurance company Euroins Life EAD-	977,300
according to the instructions of GPS
Control EAD with regard to a repo
transaction with shares *
Pro Ins OOD*	239,200
Total percentage of the capital	100 %
represented

َ otal number of shares represented	155 877 076		SEA FRE FR, FR, FR, FR, AN, EN, EN RES RES RES RES RES RES SES SES SES SES SES SER AND AND AND AND AND AND AND AND AND AND AND AND AND AND AND AND AND AND AND AND AND AND AND
The votes are exercised by representative inroxyholder!

The General Meeting of Shareholders finds that no objections were raised in relation to the voting procedure and the results thereof.

Under item 11 of the agenda, the Chairperson of the General Meeting informed the attendees on the draft resolution on this item of the agenda. There were no questions and pronouncements. Therefore the chairperson of the General Meeting put to a vote the sole draft resolution under this item of the agenda, and namely the this one included in the notice for convocation of the General Meeting published in the Commercial Register, and the General Meeting of Shareholders unanimously adopted the following

RESOLUTION No. 11

The General Meeting of Shareholders adopts the report of company's Audit Committee for the year 2020.

KUNIK I 29417 OLC 09 IUMONS'
Shareholder	Voted	Voted	Voted
	"For"	"Against"	"Abstained"
Starcom Holding AD*	76,839,995
Kamalia Trading Limited according to	6,110,090
the instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
First Investment Bank AD, Russia -	860,000
according to the instructions of
Starcom Holding AD with regard to a
repo transaction with shares *
UPF Future - according to the	6,964,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
PPF Future - according to the	235,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
Insurance company EIG Re EAD -	1,963,214
according to the instructions of
Starcom Holding AD with regard to a
repo transaction with shares *
Insurance company Euroins Life EAD-	1,700,070
according to the instructions of
Starcom Holding AD with regard to a
repo transaction with shares *
IC Euroins AD - according to the	299,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
Futures Capital AD - according to the	143,572
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
FL Capital EOOD - according to the	1,848,000

instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
IT Soft EAD - according to the	2,020,400
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
UPF Future *	11,176,133
PPC Future *	829,065
VPF Future *	47,100
Specialized Logistics Systems AD*	2,235,811
UPF Future - according to the	4,760,500
instructions of Specialized Logistics
Systems AD with regard to a repo
transaction with shares *
PPF Future - according to the	918,000
instructions of Specialized Logistics
Systems AD with regard to a repo
transaction with shares *
IC Euroins AD - according to the	3,738,675
instructions of Specialized Logistic
Systems AD with regard to a repo
transaction with shares *
KIK Fund II*	28,116,873
IT Soft EAD*	1,490
IC Euroins AD - according to the	810,960
instructions of IT Soft EAD with regard
to a repo transaction with shares *
Activa Asset Management AD*	176,671
MF ActivaBalansiran Fond#	334,215
MF Activa Visokodohoden Fond*	630,987
Ef Asset Management AD*	333,965
MF Ef Principal*	853,130
MF Ef Rapid*	256,650
GPS Control EAD*	3,570
IC Euroins AD - according to the	449,340
instructions of GPS Control EAD with
regard to a repo transaction with
shares *
Insurance company Euroins Life EAD-	977,300
according to the instructions of GPS
Control EAD with regard to a repo
transaction with shares *
Pro Ins OOD*	239,200
Total percentage of the capital	100 %
represented
Total number of shares represented	155,872,976

* The votes are exercised by representative (proxyholder).

The General Meeting of Shareholders finds that no objections were raised in relation to the voting procedure and the results thereof.

Under item 12 of the agenda, the Chairperson of the General Meeting informed the attendees on the draft resolution on this item of the agenda. There were no questions and pronouncements. Therefore the chairperson of the General Meeting put to a vote the sole draft resolution under this item of the agenda, and namely the this one included in the notice for convocation of the General Meeting published in the Commercial Register, and the General Meeting of Shareholders unanimously adopted the following

RESOLUTION No. 12

The General meeting of the shareholders adopts the report for application of the remuneration policy during 2020 pursuant to Art. 12, paragraph 1 of Ordinance No. 48 on the Remuneration Requirements dated 20 March 2013.

Shareholder	Voted	Voted	Voted
	"For"	"Against"	"Abstained"
Starcom Holding AD*	76,839,995
Kamalia Trading Limited according to	6,110,090
the instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
First Investment Bank AD, Russia -	860,000
according to the instructions of
Starcom Holding AD with regard to a
repo transaction with shares *
UPF Future - according to the	6,964,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
PPF Future - according to the	235,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
Insurance company EIG Re EAD -	1,963,214
according to the instructions of
Starcom Holding AD with regard to a
repo transaction with shares *
Insurance company Euroins Life EAD-	1,700,070
according to the instructions of
Starcom Holding AD with regard to a
repo transaction with shares *
IC Euroins AD - according to the	299,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
Futures Capital AD - according to the	143,572
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
FL Capital EOOD - according to the	1,848,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
IT Soft EAD - according to the	2,020,400
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
UPF Future *	11,176,133
PPC Future *	829,065
VPF Future *	47,100
Specialized Logistics Systems AD*	2,235,811

Total number of shares represented	155,872,976
represented
Total percentage of the capital	100 %
Pro Ins OOD*	239,200
transaction with shares *
Control EAD with regard to a repo
according to the instructions of GPS
Insurance company Euroins Life EAD-	977,300
shares *
regard to a repo transaction with
instructions of GPS Control EAD with
IC Euroins AD - according to the	449,340
GPS Control EAD*	3,570
MF Ef Rapid*	256,650
MF Ef Principal*	853,130
Ef Asset Management AD*	333,965
MF Activa Visokodohoden Fond *	630,987
MF ActivaBalansiran Fond*	334,215
Activa Asset Management AD*	176,671
to a repo transaction with shares *
instructions of IT Soft EAD with regard
IC Euroins AD - according to the	810,960
IT Soft EAD*	1,490
KJK Fund II*	28,116,873
transaction with shares *
Systems AD with regard to a repo
instructions of Specialized Logistic
IC Euroins AD - according to the	3,738,675
transaction with shares *
Systems AD with regard to a repo
instructions of Specialized Logistics
PPF Future - according to the	918,000
transaction with shares *
Systems AD with regard to a repo
instructions of Specialized Logistics
UPF Future - according to the	4,760,500

* The votes are exercised by representative (proxyholder).

The General Meeting of Shareholders finds that no objections were raised in relation to the voting procedure and the results thereof.

Under item 13 of the agenda, the Chairperson of the General Meeting informed the attendees on the draft resolution on this item of the agenda. There were no questions and pronouncements. Therefore the chairperson of the General Meeting put to a vote the sole draft resolution under this item of the agenda, and namely the this one included in the notice for convocation of the General Meeting published in the Commercial Register, and the General Meeting of Shareholders unanimously adopted the following

RESOLUTION No. 13

The General meeting of the shareholders adopts an annual report of the Supervisory board in its capacity of Remuneration committee.

Voting results are as tollows:
Shareholder	Voted	Voted	Voted

	"For"	"Against"	"Abstained"
Starcom Holding AD*	76,839,995
Kamalia Trading Limited according to	6,110,090
the instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
First Investment Bank AD, Russia -	860,000
according to the instructions of
Starcom Holding AD with regard to a
repo transaction with shares *
UPF Future - according to the	6,964,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
PPF Future - according to the	235,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
Insurance company EIG Re EAD -	1,963,214
according to the instructions of
Starcom Holding AD with regard to a
repo transaction with shares *
Insurance company Euroins Life EAD-	1,700,070
according to the instructions of
Starcom Holding AD with regard to a
repo transaction with shares *
IC Euroins AD - according to the instructions of Starcom Holding AD	299,000
with regard to a repo transaction with
shares *
Futures Capital AD - according to the	143,572
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
FL Capital EOOD - according to the	1,848,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
IT Soft EAD - according to the	2,020,400
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
UPF Future *	11,176,133
PPC Future *	829,065
VPF Future *	47,100
Specialized Logistics Systems AD*	2,235,811
UPF Future - according to the	4,760,500
instructions of Specialized Logistics
Systems AD with regard to a repo
transaction with shares *
PPF Future - according to the	a18,000
instructions of Specialized Logistics
Systems AD with regard to a repo
transaction with shares *
IC Euroins AD - according to the	3,738,675
instructions of Specialized Logistic
Systems AD with regard to a repo transaction with shares *
KJK Fund II*	28,116,873

IT Soft EAD*	1,490
IC Euroins AD - according to the	810,960
instructions of IT Soft EAD with regard
to a repo transaction with shares *
Activa Asset Management AD*	176,671
MF ActivaBalansiran Fond*	334,215
MF Activa Visokodohoden Fond*	630,987
Ef Asset Management AD*	333,965
MF Ef Principal*	853,130
MF Ef Rapid*	256,650
GPS Control EAD*	3,570
IC Euroins AD - according to the	449,340
instructions of GPS Control EAD with
regard to a repo transaction with
shares *
Insurance company Euroins Life EAD-	977,300
according to the instructions of GPS
Control EAD with regard to a repo
transaction with shares *
Pro Ins OOD*	239,200
Total percentage of the capital	100 %
represented
Total number of shares represented	155,872,976

* The votes are exercised by representative (proxyholder).

The General Meeting of Shareholders finds that no objections were raised in relation to the voting procedure and the results thereof.

Under item 14 of the agenda, the Chairperson of the General Meeting informed the attendees on the draft resolution on this item of the agenda. There were no questions and pronouncements. Therefore the chairperson of the General Meeting put to a vote the sole draft resolution under this item of the agenda, and namely the this one included in the notice for convocation of the General Meeting published in the Commercial Register, and the General Meeting of Shareholders unanimously adopted the following

RESOLUTION No. 14

The General Meeting of Shareholders dismisses Lyubomir Stoev from his position as a member of the Supervisory Board of Eurohold Bulgaria AD.

Shareholder	Voted "For"	Voted "Against"	Voted "Abstained"
Starcom Holding AD*	76,839,995
Kamalia Trading Limited according to the instructions of Starcom Holding AD with regard to a repo transaction with shares *	6.110,090
First Investment Bank AD, Russia - according to the instructions of Starcom Holding AD with regard to a repo transaction with shares *	860,000
UPF Future - according to the instructions of Starcom Holding AD with regard to a repo transaction with	6,964,000

shares *
PPF Future - according to the	235,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
Insurance company EIG Re EAD -	1,963,214
according to the instructions of
Starcom Holding AD with regard to a
repo transaction with shares *
Insurance company Euroins Life EAD-
according to the instructions of	1,700,070
Starcom Holding AD with regard to a
repo transaction with shares *
IC Euroins AD - according to the	299,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
Futures Capital AD - according to the	143,572
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
FL Capital EOOD - according to the	1,848,000
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
IT Soft EAD - according to the	2,020,400
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
UPF Future *	11,176,133
PPC Future *	829,065
VPF Future *	47,100
Specialized Logistics Systems AD*	2,235,811
UPF Future - according to the	4,760,500
instructions of Specialized Logistics
Systems AD with regard to a repo
transaction with shares *
PPF Future - according to the	918,000
instructions of Specialized Logistics
Systems AD with regard to a repo
transaction with shares *
IC Euroins AD - according to the	3,738,675
instructions of Specialized Logistic
Systems AD with regard to a repo
transaction with shares *
KJK Fund 11*	28,116,873
IT Soft EAD*
IC Euroins AD - according to the	1,490
instructions of IT Soft EAD with regard	810,960
to a repo transaction with shares *
Activa Asset Management AD*	176,671
MF ActivaBalansiran Fond*	334,215
MF Activa Visokodohoden Fond*	630,987
Ef Asset Management AD*	333,965
MF Ef Principal*	853,130
MF Ef Rapid *	256,650
GPS Control EAD*	3,570
IC Euroins AD - according to the	449,340
instructions of GPS Control EAD with

regard to a repo transaction with shares *
Insurance company Euroins Life EAD- according to the instructions of GPS Control EAD with regard to a repo transaction with shares *	977,300
Pro Ins OOD*	239,200
Total percentage of the capital represented	100 %
Total number of shares represented	155,872,976

* The votes are exercised by representative (proxyholder).

The General Meeting of Shareholders finds that no objections were raised in relation to the voting procedure and the results thereof.

Under item 15 of the agenda, the Chairperson of the General Assembly acquainted the attendees with the draft decision on this item on the agenda. The Chairperson reported a declaration received by the candidate for an elected position on the accuracy of the materials presented as part of the agenda - a criminal record certificate and a declaration under Art. 116a2, para. 2 of POSA. The Chairperson made a clarification regarding the provision of Art. 116a2, para. 5 in connection with para. 2, items 1-5 of POSA, in connection with which the shares of Starcom Holding AD and KJK Fund II are not included. There were no questions or pronouncements. Therefore, the Chairperson of the General Meeting put to the vote the only draft resolution submitted, namely the one included in the invitation to the General Meeting published in the Commercial Register, whereby the General Meeting of Shareholders unanimously took the following

RESOLUTION No. 15

The General Meeting of Shareholders elects Ivaylo Krasimirov Angarski, PIN as a new member of the Supervisory Board of Eurohold Bulgaria AD. The General Meeting of Shareholders determines a monthly remuneration of the newly elected member of the Supervisory Board in the gross amount of BGN 4,000 (four thousand Bulgarian leva). The General Meeting of Shareholders authorizes the Chairman of the Supervisory Board of Eurohold Bulgaria AD to enter into an agreement regulating the relations between the company and the newly elected member of the Supervisory Board.

Shareholder	Voted	Voted	Voted
	"For"	"Against"	"Abstained"
Starcom Holding AD*
Kamalia Trading Limited according to
the instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
First Investment Bank AD, Russia -
according to the instructions of
Starcom Holding AD with regard to a
repo transaction with shares *
UPF Future - according to the
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
PPF Future - according to the
instructions of Starcom Holding AD

with regard to a repo transaction with shares *
Insurance company EIG Re EAD - according to the instructions of
Starcom Holding AD with regard to a
repo transaction with shares *
Insurance company Euroins Life EAD-
according to the instructions of
Starcom Holding AD with regard to a
repo transaction with shares *
IC Euroins AD - according to the
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
Futures Capital AD - according to the
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
FL Capital EOOD - according to the
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
IT Soft EAD - according to the
instructions of Starcom Holding AD
with regard to a repo transaction with
shares *
UPF Future *	11,176,133
PPC Future *	829,065
VPF Future *	47,100
Specialized Logistics Systems AD*	2,235,811
UPF Future - according to the	4,760,500
instructions of Specialized Logistics
Systems AD with regard to a repo
transaction with shares *
PPF Future - according to the	918,000
instructions of Specialized Logistics
Systems AD with regard to a repo
transaction with shares *
IC Euroins AD - according to the	3,738,675
instructions of Specialized Logistic
Systems AD with regard to a repo
transaction with shares *
KIK Fund II*
IT Soft EAD*	1,490
IC Euroins AD - according to the	810,950
instructions of IT Soft EAD with regard
to a repo transaction with shares *
Activa Asset Management AD*	176,671
MF ActivaBalansiran Fond*	334,215
MF Activa Visokodohoden Fond*	630,987
Ef Asset Management AD*	333,965
MF Ef Principal*	853,130
MF Ef Rapid*	256,650
GPS Control EAD*	3,570
IC Euroins AD - according to the	449,340
instructions of GPS Control EAD with
regard to a repo transaction with
shares *
Insurance company Euroins Life EAD-	977,300

according to the instructions of GPS
Control EAD with regard to a repo
transaction with shares *
Pro Ins OOD*	239,200
Total percentage of the capital	100 %
represented
Total number of shares represented	28.772.762

* The votes are exercised by representative (proxyholder).

The General Meeting of Shareholders finds that no objections were raised in relation to the voting procedure and the results thereof.

Thus, due to lack of other agenda items, the session of the General Meeting of Shareholders was closed at 11:25 am (08:25 am UTC).

These minutes was signed by the chairperson and by the secretary of the General Meeting of Shareholders, as well as by the vote counters.

The list of shareholders attending the General Meeting was certified by the chairperson and by the secretary of the General Meeting and is an integral part of these minutes

CHAIRMANSHIP OF THE MEETING:

Chairperson of the General Meeting of Shareholders

TSVETELINA HRISTOVA STANCHEVA MOSKOVA

Secretary of the General Meeting of Shareholders

RADOSLAVA NIKOLOVA PENEVA

Vote counters of the General Meeting of Shareholders

IVA VENTSISLAVOVA NAUMOVA

MIHAELA VELISLAVOVA DOYCHEVA