Eurohold Bulgaria AD

AGM Information • Jul 1, 2019

MINUTES

from the regular General Meeting of Shareholders of

EUROHOLD BULGARIA AD

On 30*" day of June, 2019, in the city of Sofia, 43 Christopher Columbus Blvd., at 10:00 a.m. 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 Law. 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, 1 (one) power of attorney for representation of shareholder at the General Meeting was submitted.

The meeting was opened by the Chairman of the Supervisory Board - Mr. Assen Christov. He welcomed the attending and proposed to vote a resolution to decide whether the persons who are not shareholders could attend the general meeting, in view of its technical provision. On the above proposal, the general meeting of shareholders unanimously adopted the following

PROCEDURAL RESOLUTION:

The meeting gives its consent to hold a public general meeting of shareholders and the meeting to be attended by all willing persons who are not shareholders.

Shareholder	Voted	Voted	Voted
	"For"	"Against"	"Abstained"
"Starcom Holding" AD	95,971,074	( 077-000 000 000 000 000 000 000 000 000 000 000 000 000 000-000 000 000 000 000	the cours and and and and district and case poss any any any any any any any
KJK Fund II*	28,116,873	J FREE BER ARES END SED-ELF-GIP-GINE AND BEER BER BER BERE BEER BERE BEEL BERE AND AND AND AND AND AND AND AND AND AND AND AND AND AND AND AND AND AND AND AND AND AND AND AND
Total percentage of the capital	100 %		and the first and any any any the time the same store and any any the lank and the love and pay
represented
Total number of shares represented	124,087,947		COND COUP SEEN BITh ANN 1000 cities capts applic shits boxe anno ages any mon ann

Voting results are as follows:

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

Mr. Assen Chriostov proposed the election of a Quorum and Represented Capital Commission with the following members: Mihaela Velislavova Krasteva, PIN and Natalia lvanova Popova, 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 Krasteva, PIN	- Chairperson
Natalia Ivanova Popova, PIN	-a member

Voting results are as follows:

Shareholder	Voted	Voted	Voted
	"For"	"Against"	"Abstained"
"Starcom Holding" AD	95,971.074
KJK Fund II*	28,116,873	E BAS BEED BEEL BEER BEER SEER EEEL MAR BERE SERVEN SEE BEEL SEEN SEEN SEEN ATT CHEN ATT CHEN ATT CHEN ATT CHEN ATT CHEAR AND COME AND COME AND COME ATT CHEN ATT AND AND AND
Total percentage of the capital represented	100 %		to the same and news were more come of the may any any
Total number of shares represented	124,087,947		and and and all the this this top and the same and papers 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.

Mrs. Mihaela Krasyeva, 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 Mr. Assen Christov, the shareholders adopted the following

PROCEDURAL RESOLUTION:

The General Meeting of Shareholders of Eurohold Bulgaria AD founds that 1 (one) power of attorney for representation of shareholder at the General Meeting is 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 10.00 a.m. on 30.06.2019, the required quorum was available in compliance with the company's articles of association, and that 2 (two) persons, representing 124 087 947 (one hundred and twenty four million eighty seven thousand and nine hubndred and forty seven) ordinary, registered, dematerialized shares, comprising approximately 62.82 % (sixty two point eighty two 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 30.06.2019, at 10.00 a.m.

Shareholder	Voted	Voted	Voted
	"For"	"Against"	"Abstained"
"Starcom Holding" AD	95.971.074
KIK Fund II*	28,116,873
Total percentage of the capital	100 %
represented
Total number of shares represented	124,087.947

Voting results are as follows:

* 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 Mr. Assen Christov 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. Tsvetelina Hristova Stancheva Moskova, PIN was proposed as the Chairperson of the General Meeting, Radoslava Nikolova Peneva, PIN , was proposed as secretary of the General Meeting of Shareholders, and for vote counters was propose to be elected Natalia Ivanova Popova, PIN and Mihaela

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

1. Elects Radoslava Nikolova Peneva, PiN of Shareholders;

, a secretary of the General Meeting

1. Elects Natalia Ivanova Popova, PIN and Mihaela Velislavova Krasteva, PIN , as vote counters of the General Meeting of Shareholders.

Voting results are as follows:

Shareholder	Voted	Voted	Voted
	"For"	"Against"	"Abstained"
"Starcom Holding" AD*	95,971.074
KJK Fund II	28,116,873		one BOS direct and ann anne and the SPS BDS differ dicts and some and seen and seen group sport gage many and
Total percentage of the capital represented	100 %		a ma ma ma man man man man man man man man man man ma ma ma ma ma ma ma ma ma may any may any may any ana
fotal number of shares represented	124,087,947		THE SEE SEE SEE SER SEE SER ENR SEN BOX SEN BOX SEE ENR SEE SEE AND SEE SEE SEE SEE SEE SEE SEE SEE SEE SEE SEE SEE SEE SEE SEE SEE SEE SEE SEE SEE SEE SEE SEE SEE SEE SEE SE

* 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 3 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. Having in mind 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 2018. (draft decision: The General meeting of the shareholders adopts the annual financial statements of the company for the year 2018.);

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 2018. (draft 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 2018.);

3. Adoption of the report of the Management Board for the company's activity during the year 2018. (draft decision: The General meeting of the shareholders adopts the report of the Management Board for the company's activity during the year 2018.);

4. Adoption of the consolidated annual financial statements of the company for the year 2018. (draft decision: The General meeting of the shareholders adopts the consolidated annual financial statements of the company for the year 2018.);

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 2018. (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 2018.);

Minutes of a regular session of the General Meeting of the Shareholders of Eurohold Bulgaria AD, held on 30.06.2019

1. Adoption of the consolidated report of the Management Board for the company's activity during the year 2018. (draft decision: The General meeting of the shareholders adopts the consolidated report of the Management Board for the company's activity during the year 2018.);

2. Approval of the proposal of the Management board for allocation of the profit from company's operation during the year 2018. (draft decision: The net profit from the company's operation during the year 2018 is in the amount of BGN 1 659 719, 97 (one million six hundred and fifty nine thousand seven hundred nineteen and 0,97 Bulgarian leva). The net profit from the company's operation during the year 2018, as well as part of undistributed profit from past years in overall amount of BGN 2 469 070 (two million four hundred and sixty nine thousand and seventy Bulgarian Leva) shall be distributed as gross dividends to the shareholders, where the gross dividend per share shall be equal to BGN 0.0125 per share. The dividend payments shall be made within 60 (sixty) days following the date of the approval by the General Meeting of the shareholders of the decision for distribution of dividends, unless the shareholders vote for a different payment period.);

3. Election of a specialized auditors' company of the company for the year 2019. (draft decision: The General meeting of the shareholders elects the specialized auditors' company HLB Bulgaria OOD, UIC 121871342, to audit the annual financial statements of the company for the year 2019,);

4. 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 2018. (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 2018.);

5. Adoption of the report of the Investor Relations Director's activity during the year 2018. (draft decision: The General meeting of the shareholders adopts the Investor Relations Director's activity during the year 2018.);

6. Adoption of the report of company's Audit Committee for the year 2018. (draft decision: The General meeting of the shareholders adopts the report of company's Audit Committee for the year 2018.);

7. Adoption of the report for application of the remuneration policy during 2018 pursuant to Art. 12, paragraph 1 of Ordinance No. 48 on the Remuneration Requirements dated 20 March 2013. (droft decision: The General meeting of the shareholders adopts the report for application of the remuneration policy during 2018 pursuant to Art. 12, paragraph 1 of Ordinance No. 48 on the Remuneration Requirements dated 20 March 2013.).

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 2018.

Voting results are as follows:

Shareholder	Voted	Voted	Voted
	"For"	"Against"	"Abstained"
"Starcom Holding" AD*	95.971.074		anns and report of the first corre case and sub-site and sub-differents were was not my any any any any any any any any any any any any any any any any any any any any any an
KJK Fund II	28,116,873		EEE SEP BER BIR RID AID AID AND ENT THE END AND AND AND AND AND AND AND
Total percentage of the capital	100 %	Eller more shore first store drike faller done more moss soup page quas quan exemples and	E RIDS-BIRN REES assess-show chaps spins cards forms cards from the collect from the contract and a
represented
Total number of shares represented	124.087.947		BUF BEEF EXP WIEE BED BEED BOOK BOOK PASS COLL PAGE AND SEES AND AND AND AND AND AND BEES

* 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 2018.

Voting results are as follows:

Shareholder	Voted	Voted	Voted
	. "For"	"Against"	"Abstained"
"Starcom Holding" AD*	95,971,074		A FIFA MISS EDE EDE COLL COLL SEE SEE SEE SEES BEES REES REES REES REES BEEL BOOK AND ANNA AND AND AND AND AND AND AND AND
KJK Fund II	28,116,873		core was and sale min and alle doin doin doin ann app-acts that the sam wor u
Total percentage of the capital	100 %
represented
Total number of shares represented	124,087,947

* 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 Managing Board for the company's operations in 2018.

Voting results are as follows:

Shareholder	Voted	Voted	Voted
	"For"	"Against"	"Abstained"
"Starcom Holding" AD*	95,971,074		EEE Election and any any any any any guy use all dill dit dit dit and eny and alle did alle non and upp yo
KJK Fund II	28,116,873	. Che contraste and the time was anya app ages anya app ages and
Total percentage of the capital	100 %		IN OFF ONE SEEN SEEN SEEN SEEN BOOK SEEK SEEK SEEK SEEK-SERVEY AND ATTA-COA AND
represented
Total number of shares represented	124.087.947		कॉर्ट करना करने की कैसे के कहा हाला हुआ एक्ट बारा बात करता है कि का कारण करने को बाद करना चाहत को बाद करना करना चाहत को बाद करना करना चाहत को बाद करना करना करना कर क

* 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 General Meeting informed the attendees on the draft resolution on this item of the agenda. There were no questions and pronouncements. There were no questions and 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. 4

The General Meeting of Shareholders adopts the annual consolidated statements of the company for 2018.

Voting results are as follows:

Shareholder	Voted	Voted	Voted
	"For"	"Against"	"Abstained"
"Starcom Holding" AD*	95,971,074
KJK Fund II	28,116,873
Total percentage of the capital	100 %
represented
Total number of shares represented	124,087,947

* 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. There were no questions and 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 2018.

Voting results are as follows:

Shareholder	Voted	Voted	Voted
	. "For"	"Against"	"Abstained"
"Starcom Holding" AD*	95,971,074
KJK Fund II	28,116,873	simme more specificant and subs mail and anno anno anno anno anno anno anno anno any and any and	and and and and and the and the dids and the diffe disk first and von seen won seen good got any a
Total percentage of the capital represented	100 %
fotal number of shares represented	124.087.947		"White there dide dirin this all the stills doub should should stick shifts shifts show need any agges and

* The votes are exercised by representative (proxyholder).

Minutes of a regular session of the General Meeting of the Shareholders of Eurohold Bulgaria AD, held on 30.06.2019

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. There were no questions and 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 2018.

Shareholder	Voted	Voted	Voted
	. "For"	"Against"	"Abstained"
"Starcom Holding" AD*	95,971.074		F ATTA MISS ANNA GALL GALL SECRE RESP RESE RESE EXCEL AND AND AND AND AND POST FOR BOOK POST POST SEEN BOOK POST SEEN BOOK POST SEEN BOOK POST SEEN BOOK POST SEEN BOOK POST S
KJK Fund II	28,116,873		con-processful price alle clife of the close some any price price process and parts and parts and parts and
Total percentage of the capital represented	100 %
Total number of shares represented	124.087.947	and and any and any any any any any any any any more system and supply and super any any any any any	the same and and 100 all of the sell and the sell the same and and any and any any

Voting results are as follows:

* 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. There were no questions and 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 net profit from the company's operation during the year 2018 is in the amount of BGN 1 659 719, 97 (one million six hundred and fifty nine thousand seven hundred nineteen and 0,97 Bulgarian leva). The net profit from the company's operation during the year 2018, as well as part of undistributed profit from past years in overall amount of BGN 2 469 070 (two million four hundred and sixty nine thousand and seventy Bulgarian Leva) shall be distributed as gross dividends to the shareholders, where the gross dividend per share shall be equal to BGN 0.0125 per share. The dividend payments shall be made within 60 (sixty) days following the date of the approval by the General Meeting of the shareholders of the decision for distribution of dividends.

Voting results are as follows:

Shareholder	Voted	Voted	Voted
	"For"	"Against"	"Abstained"

Minutes of a regular session of the General Meeting of the Shareholders of Eurohold Bulgaria AD, held on 30.06.2019

"Starcom Holding" AD*	95.971.074	of PER RAA CHAN CAN CAN CAN OFF SEE SEP BAR SEE SEE SEE SEE SEE ARE AND AND AND AND AND
KJK Fund II	28,116,873	and and show shop and seen and any and any and such any ages and sport spire said any a
Total percentage of the capital	100 %	r area man and and and and and and 2005 dires inns pro-ques-diff-diffe fam form any any any any any
represented
Total number of shares represented	124,087,947	FOR COUN REEN REEN SECTS ANDR ANDR ANDR ANDRE AREA AREA BOOK BOOK BOOK BOOM BEEK

* 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. There were no questions and pronouncements. There were no questions and 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. 8

The General Meeting of the Shareholders elects the specialized auditors' company HLB Bulgaria OOD, UIC 121871342, to audit the annual financial statements of the company for the year 2019.

Voting results are as follows:

Shareholder	Voted	Voted	Voted
	"For	"Against"	"Abstained"
"Starcom Holding" AD*	95.971.074		A ANN GEP FOR SEP REEL SEE BEEL SECH ENG ANNA SENS SEEN BEEN BEER SEEN BEACH SECURE SECURE BEEN BEE
KJK Fund II	28,116,873	the who any any any any any and said dide sitis alle sale any any any any any any
Total percentage of the capital	100 %
represented
fotal number of shares represented	124,087,947

* 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. There were no questions and 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 2018.

Voting results are as follows:

Shareholder	Voted	Voted	Voted
	. "For"	"Against"	"Abstained"
"Starcom Holding" AD*	95,971,074		400 USD 2019 WHE BEN REED REEN REER ENIS ENIS ENIS ENILE ENAL AND
KJK Fund II	28,116,873		437-020 EU-059 400-100 400 400 410 410 1219 1219 5000 8000 8000 8000 8000 8000 4000 4000 4000 4000 4000 4000 4000 4000 4000 4000
Total percentage of the capital	100 %	neen ween more more gets dieb dirks and anno uses anno assos ages	count goods children differ differ drama some more posses annual posses annon
represented
Total number of shares represented	124,087,947	and the same and come come 2005 2005 clife dour boor store sour some some some spor sport any and	Buck doos door anno quan anno- gage and a citin click click vines and coup sport pass poss and prospect and any and primary

* 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. There were no questions and 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 2018.

Shareholder	Voted	Voted	Voted
	"For"	"Against"	"Abstained"
"Starcom Holding" AD*	95,971,074
KJK Fund II	28,116,873		and and seen and seen and alle dills different stick done and any announce and any any any and
Total percentage of the capital	100 %
represented
l otal number of shares represented	124,087,947		1 2009 2009 Butte Bitts Bittle alline anno anno anno anno anno appli-quite-shop find allen annon

Voting results are as follows:

* 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 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. There were no questions and 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 2018.

Voting results are as follows:

Shareholder	Voted	Voted	Voted
	. "For"	"Against"	"Abstained"
"Starcom Holding" AD*	95,971,074
KJK Fund II	28,116,873
Total percentage of the capital	100 %
represented
Total number of shares represented	124,087,947		ENTS-SEEN ENN ENN-ESSA-SER MIRE REE REE REE REE ARRA-SEEN ARTS-RESS-SEEN EXCL-SEEN 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 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. There were no questions and 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 2018 pursuant to Article 12, paragraph 1 of Ordinance No. 48 on the Remuneration Requirements dated 20 March 2013.

Voting results are as follows:

Shareholder	Voted	Voted	Voted
	"For"	"Against	"Abstained"
"Starcom Holding" AD*	95,971,074
KJK Fund II	28,116,873
Total percentage of the capital	100 %
represented
Total number of shares represented	124,087,947

* 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 10.25 a.m.

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

MIHAELA VELISLAVOVA KRASTEVA

NATALIA IVANOVA POPOVA