Eurohold Bulgaria AD

AGM Information • Jun 16, 2021

NOTICE TO SHAREHOLDERS (updated)

The Management Board of Eurohold Bulgaria AD, Sofia, on grounds of Art. 223, paragraph 1 of the Commerce Act (CA) in connection with art. 115, paragraph 1 of the Public Offering of Securities Act (PQSA) convenes annual session of the General meeting of the shareholders of Eurohold Bulgaria AD with universal identification code of the event: EUBG20210630AGMS which will be held on 30 June 2021 from 10.30 a.m. (07.30 am UTC) at 43 Christopher Columbus Blvd., floor 1, conference hall, Sofia, Bulgaria, under the following agenda:

1. Adoption of the annual financial statements of the company for the year 2020. (draft 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. (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 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. (draft 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 Monagement 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. (droft 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. (droft 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. (droft 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. (droft 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 (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.)

The registration of the participants at the session will start at 09.30 a.m. (06.30 a.m. UTC) on 30 June 2021 at 43 Christopher Columbus Blvd., floor 1, Sofia, Bulgaria.

On grounds of Art. 115, paragraph 2 of POSA the Company notifies the shareholders that the total number of its shares as of the date of the resolution for convening the general meeting of the shareholders is 197 525 600 (one hundred and ninety seven million five hundred twenty five thousand and six hundred) and a voting right appertains to each share, ISIN code of the issue - BG1100114062. Only the persons registered as shareholders in Central Depository's registers, as well as in the Polish Central Depository (KDPW) 14 days before the date of the General meeting (namely 16 June 2021) shall be admitted to participation in the session of the General meeting. Only the persons registered till and including this date have the right to participate and to vote at the General meeting.

The shareholders have the right to include items in the agenda of the general meeting and to propose draft decisions of items, already included in the agenda of the general meeting. The shareholders who possess jointly and severally shares representing at least 5 per cent of the share capital of the Company may include additional items in the agenda of the general meeting or propose different draft decisions under items already included in the agenda of the general meeting after the announcement at the Trade register. These shareholders are not entitled to propose different draft decisions under items already included in the agenda, whereas the subject matter of the respective item is voting resolution under art. 114, paragraph 1 of the POSA, and they are not entitled to include in the agenda of the general meeting new items with respect to resolutions under art. 114, paragraph 1 of the POSA.

Not later than 15 days before the opening of the General meeting (15 June 2021), the shareholders who possess shares representing at least 5 per cent of the share capital of the company present for announcement in the Trade Register the list of the items, which will be included in the agenda, as well as the draft decisions. The shareholders shall present before the Bulgarian Financial Supervision Commission and the public company at the latest on the next business day after the announcement at the Trade register the materials related to the additional items in the agenda, pursuant to Art.223a, paragraph 4 of the Commerce Act. Upon receipt of the materials, Eurohold Bulgaria AD will update the invitation and will publish it together with the written materials under the terms and conditions of Art. 110t, paragraph 1 and 3 of POSA immediately, but not later than the end of the business day following the day of receipt of the notification for the inclusion of additional questions in the agenda.

The shareholders have the right to make draft resolutions in substance under each item, included in the agenda and observing all legal requirements, but they cannot propose resolution to items already included in the agenda when the subject matter is voting resolution under art.114, para. 1 of POSA. The deadline for execution of this right is up to the termination of the discussion under the respective item and before voting of the resolution of the general meeting.

The shareholders have the right to pose queries during the General meeting. The members of the management board and supervisory board of the Company shall respond truly, exhaustively and accurately to the queries of the shareholders, regarding the economic and financial status and business activity of the

Company, unless regarding the circumstances representing internal information. The shareholders may pose such queries regardless of the fact that they may not be related to the agenda.

In order to be admitted for participation in the General meeting, the shareholders should present an ID document and the proxies should present original explicit notarized power of attorney for the particular general meeting, with content corresponding to the requirements of Art. 116, paragraph 1 of POSA and the relevant legislation. The reauthorization with the powers granted by force of this power of attorney, as well as power of attorney which violates the rules under the previous sentence shall be null. The shareholders - legal entities and sole proprietors registered under Bulgarian laws should present certificate of good standing issued by the Trade Register. Foreign legal entities should present an original certificate of good standing of their registration, containing clear and unambiguous information regarding the persons entitled to represent the company and the way of representation, issued not more than 3 months before the date of the general meeting by a competent state body in the state of their registration, translated, certified and legalized according to the Bulgarian legislation.

The shareholders in the public company have the right to authorize each natural or legal person to participate and vote in the General meeting on their behalf. Art. 220, paragraph 1 of the Commerce Act will not apply in case the shareholder has explicitly stated the way of voting under each item of the agenda. The proxy has the same rights to speak and to pose queries at the session of the general meeting as the represented shareholder does. The proxy has to exercise the voting right in compliance with the instructions given in the power of attorney. The proxy may represent more than one shareholder at the General meeting. In this case the proxy may vote in a different way with shares owned by different shareholders it represents. The authorization may be performed by electronic means. Eurohold Bulgaria AD will receive and accept electronically as valid, powers of attorney to the following e-mail: investors@eurohold.bg, whereas the electronic messages should be signed with a universal electronic signature (UES) or a qualified electronic signature (QES) by the principal and should be accompanied by an electronic document (electronic image) of the power of attorney with a notarized signature, which should also be signed with a universal electronic signature (UES) or a qualified electronic signature (QES) by the principal. The shareholders, who will vote through proxies, explicitly authorize the proxies for the items on the agenda, included by the order of art. 118, para. 2, item 4 of LPOS, namely for items 14 and 15 of the agenda.

The written materials according to the agenda of the General meeting of the shareholders shall be at disposal of the shareholders and their authorized representatives at the office of the company - 43 Christopher Columbus Blvd., Sofia, Bulgaria at the office of the investor relation manager each working day between 09.00 a.m. (06.00 a.m. UTC) and 5.00 p.m. (2.00 p.m. UTC) and on the web page of the public company - www.eurohold.bg.

In case of lack of quorum on grounds of Art. 227 of Commerce Act in liaison with Art. 115, paragraph 14 POSA the session of the General meeting of the shareholders will be held on 16 July 2021 at 10.00 a.m. (07.00 a.m. UTC) at 43 Christopher Columbus Blvd., floor 1, conference hall, Sofia, Bulgaria, with identical agenda, and the registration of the participants in the new session will start at 09.30 a.m. (06.30 a.m. UTC) on 16 July 2021 at 43 Christopher Columbus Blvd., filoor 1, Sofia, Bulgaria. Items under art. 223a of the CA may not be included in the agenda of the new session

For and on behalf EUROHOLD BULGARIA AD:

Assen Minchev Minchev, Executive director

Millena Miltchova Guentcheva, Procurator

MATERIALS AND PROPOSALS FOR RESOLUTIONS

UNDER THE AGENDA OF THE ANNUAL MEETING OF THE SHAREHOLDERS OF

EUROHOLD BULGARIA AD

CONVENED FOR 30.06.2021

I. DRAFT RESOLUTIONS:

1. Adoption of the annual financial statements of the company for the year 2020. (draft 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. (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 2020.);

3. Adoption of the report of the Management Board for the company's activity during the year 2020. Idraft 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. (droft 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. (droft 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. (droft 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. (droft 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. (droft 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 , as a new member of the Supervisory Board of Eurohold Bulgaria AD. The Angarski, PIN 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.)

II. MATERIALS RELEVANT TO THE AGENDA OF THE MEETING OF THE SHAREHOLDERS

1. Notice to shareholders for the ordinary Meeting of the Shareholders of EUROHOLD BULGARIA AD;

2. Sample of a power of attorney for participation at the ordinary Meeting of the Shareholders of EUROHOLD BULGARIA AD;

3. Minutes from a session of the Management Board of EUROHOLD BULGARIA AD convening the ordinary Meeting of the Shareholders of EUROHOLD BULGARIA AD;

4. Audited financial statements of EUROHOLD BULGARIA AD for 2020 with auditor's report-

https://www.eurohold.bg/files/documents/articles/488c266021c6c3c02d466e5293948fa6.pdf;

1. Report of the Management Board of EUROHOLD BULGARIA AD for the operations of the company in 2020- https://www.eurohold.bg/files/documents/articles/488c266021c6c3c02d466e5293948fa6.pdf;

2. Consolidated audited financial statements of EUROHOLD BULGARIA AD for 2020 with auditor's report-

https://www.eurohold.bg/files/documents/articles/153e053c8fc3dbd616107a32bdbbd6c2.pdf ;

1. Consolidated report of the Management Board of EUROHOLD BULGARIA AD for the operations of the company in 2020 -

https://www.eurohold.bg/files/documents/articles/153e053c8fc3dbd616107a32bdbbd6c2.pdf;

1. Report of the Investor Relations Director's activity during the year 2020;

2. Report of EUROHOLD BULGARIA AD's Audit Committee for the year 2020;

3. Report for application of the Remuneration policy during 2020 -

https://www.eurohold.bg/files/documents/articles/f0143d9648586dcbe8889e3ac3e96d14.pdf;

1. Annual report of the supervisory board of EUROHOLD BULGARIA AD in its function as a remuneration committee for 2020.

2. Biographical information, criminal record certificate, declaration under Art. 116a, para 2 of POSA

16.06.2021

MANAGING DRECTOR:

ASSEN MINCHEV MINCHEV

MILENA MILTCHOVA GUENTCHEVA

MINUTES

OF MEETING OF THE MANAGEMENT BOARD OF

EUROHOLD BULGARIA AD

On this 21th day of May 2021, a meeting of the Management Board of Eurohold Bulgaria AD, UIC 175187337, was held. The meeting was attended by all the members of the Management Board, namely,

1. KIRIL IVANOV BOSHOV - Chairman;

2. ASSEN MINCHEV MINCHEV - Executive director;

3. VELISLAV MILKOV CHRISTOV – Member;

4. ASSEN EMANOUILOV ASSENOV - Member;

5. RAZVAN STEFAN LEFTER - Member.

Upon finding that there are no legal obstacles for adoption of valid resolutions pursuant to the provisions of the law and the company's Articles of Association, the members of the Management Board unanimously adopted the following

A G E N D A:

Item one: Adoption of resolution for Management board's proposal for profit distribution from company's operation during 2020.

ltem two: Adoption of resolution for convening of an annual meeting of shareholders of Eurohold Bulgaria AD for the year 2021.

Under item one of the agenda, the Management Board of Eurohold Bulgaria AD unonimously adopted the following

RESOLUTION No. 1

The Management board adopts the following resolution for proposal for profit distribution from company's operation during 2020, namely: Profit from the company's operation during the year 2020 shall not be distributed.

The Management Board found that no objections have been brought against the voting so held and against the results of such voting.

Under Item two of the agenda, the Management Board of Eurohold Buigaria AD unanimously adopted the following

RESOLUTION No. 2:

The Management Board of Eurohold Bulgaria AD, Sofia, on grounds of Art. 223, paragraph 1 of the Commerce Act (CA) in connection with art. 115, paragraph 1 of the Public Offering of Securities act (POSA) convenes annual session of the General meeting of the shareholders of Eurohold Bulgaria AD with universal identification code of the event: EUBG20210630AGMS which will be held on 30 June 2021 from 10.30 am. (07.30 am UTC) at 43 Christopher Columbus Blvd., floor 1, conference hall, Sofia, Bulgaria, under the following agenda:

1. Adoption of the annual financial statements of the company for the year 2020. (draft decision: The General meeting of the shareholders statements of the company to the year 2020. (dreft decision: 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 pear 2020. (draft decision: The General meeting of the annual shareholders adopts the report of the specialized and the General meeting 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.
   ecision: The General meeting of the chembelders what at (draft decision: The General meeting of the shareholders advision of the Management Board for the year 2020.
   company's activity during the very 2020. company's activity during the year 2020.);

4. Adoption of the consolidated annual financial statements of the company for the year 2020. (droft decision: The General meeting of the shareholders of 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 audit performed of the audit performed of the General meeting of the shareholders adapts the report of the specialized auditors' company for the General
   of the consolidated annual finances and of the specialized auditors' compan of the consolidated annual financial statements of the specialized additors' company for the year 2020);

6. Adoption of the consolidated report of the Management Board for the company's activity during the year 2020. (droft decision: The General meeting of the shareholders adoity during 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 applit distribution from company's operation during the year 2020,
   namely: profit shall not be allocated i namely: profit shall not be allocated.);

8. Election of a specialized auditors' company of the company for the year 2021. (droft decision: The General meeting of the Sharebolders elects the specialized auditors' company for 2021. (dreft decision: The recommendation of the Audit Committee of the company.);

9. Release from liability the meet be r s of the Supervisory Board and the members of the Management Board of Eurohold Bulgaria AD yor their activity during the year 2020. (druft decision: The General meeting of the shareholders releases from liability the menhers of the Supervisory Becision: The General meeting of the Management Board of Eurohold Bulgario AD for their activity during the year 2020.);

10. Adoption of the report of the Investor Relations Director's activity during the year 2020. (droft decision: The General meeting of the Investor Relations Directors activity during the year 2020. (director selations 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,);
    agraph 1 of Ordinance No 48 app the Reporters on the remuneration policy during 2020 pur 12, paragraph 1 of Ordinance No. 48 on the Remuneration Requirements dated 20 March 2013.
    decision: The General meeting of the Rembelane at attent at ated 20 March 2013. (dot decision: The General meeting of the sharendential hequilements dated 20 March 2013.
    policy during 2020 pursuant to Art 12 acaresary of the report for application of the remu policy during 2020 pursuant to Art. 12, paragraph 1 of Ordinance No. 48 on the Remuneration Requirements
    dated 20 March 2013.). dated 20 March 2013.).

13. Adoption of an annual report of the Supervisory board in its capacity of Remuneration committee. (droft decision: The General me Supervisory oo in its capacity of Remuneration
    Supervisory board in its ranacity of Remuneration of the shareholder Supervisory board in its capacity of Remuneration committee )

The registration of the participants at the session will start at 09.30 a.m. (06.30 a.m. UTC) on 30 June 2021 at 43 Christopher Columbus Blvd., floor 1, Sofia, Bulgaria.

On grounds of Art. 115, paragraph 2 of POSA the Company notifies the shareholders that the total number of its shares as of the date of the resolution for convening the shareholders that the total is 197 525 600 (one hundred and nine vesolution for convening the general meeting of the shareholders.
The shared and ninety seven million five hundred twenty five thousand a

and a voting right appertains to each share, ISIN code of the issue - BG1100114062. Only the persons registered as shareholders in to estan share, none of the issue - BG110011062. Only the persons
(KDPW) 14 days before the date of the General mating is registers, as well as (KDPW) 14 days before the General meeting (namely 16 June 2016) Central Depository
participation in the session of the General meeting (namely 16 June 2021) participation in the session of the General meeting. Only the persons registered till and including this date have the right to participate and to vote at the General meeting.

The shareholders have the right to include items in the agenda of the general meeting and to propose draft decisions of items, already included in the agenda of the general meeting and topropose
possess jointly and severally shares maresenting at look of the shareholders who possess jointly and severally shares in the general meeting. The shareholders who
include additional items in the genesenting at least 5 per cent of the share capital of the include additional items in the agends of the general meeting or propose different draft decisions may
items already included in the agenda of the general meeting or propose items already included in the general meeting of propose different draft decisions under
These shareholders are not entiled to propose different draft at the Trade register. These shareholders are not entitled to propose different draft decisions under items under items already included in the agenda, whereas the subject matter of the resective is world ritems already
paragraph 1 of the POSA, and they are not entitled to include in is voting resolut paragraph I of the POSA, and they are not entitled to include in the agenda of the general meet art. 124,
with respect to resolutions under art. 114 paracemb a f the general with respect to resolutions under art. 114, paragraph 1 of the POSA.

Not later than 15 days before the opening of the General meeting (15 June 2021), the shareholders who possess shares representing of the share capital of the share capital of the shareholders
who possess shares representing at least 5 per cent of the share capital of the announcement in the Trade Register the list of the share capital of the company present for
draft decisions. The shareholders shall prosent hefers which will be included in t draft decisions. The shareholders shall present before the Bulgarian Financial Supervision Commission and the public company at the latest on the present benore the announcement at the Trade issues in the mission and
materials related to the additional items in the agends, numune materials related to the actions in the agenda, pursunt to Art. 223a, paragraph 4 of the Comment of the Commence
Act. Upon receipt of the materials. Eurohold Bulgaria AD will Act. Upon receipt of the materials, Eurohold Bullanda in Art.223a, paragraph 4 of the Commerce
with the written materials, Eurohold Bulgaria AD will update the invitation with the written materials under the terms and conditions of Art. 120th immediately, but not later than the end of the business day following the day of POSA
for the inclusion of additional questions in the amed for the inclusion of additional questions in the agenda.

The shareholders have the right to make draft resolutions in substance under each item, included in the agenda and observing all legal requirements, but they cannot propose resolution included in
included in the agenda when the subject matter its version propose resolution included in the agenda when the subject matter is voting resolution to items already
deadline for execution of this rlebt is voting resolution under an.114, para. 1 of POSA. deadline for execution of this is up to the termination of the discussion under and 10 POSA. The forespective item and before voting of the resolution of the general meeting.

The shareholders have the right to pose queries during the General meeting. The members of the management board and supervisory board of the Company shall meeting. The members of the
to the queries of the shareholders, resarding the esend truly, exhaustively and accur to the queries of the shares and the economic and financial status and business and accurately
Company, unless regarding the economic and financial status and business activi Company, unless regarding the circumstances representing information. The shareholders may post such queries regardless of the fact that they may not be related to the agenda.

In order to be admitted for participation in the General meeting, the shareholders should present an ID document and the proxies should present original explicit of the shareholders should present an
general meeting, with content original explicit notarized power of attomey general meeting, with content or giner expirements of Art. 116, paragraph 1 of Post cular
relevant legislation. The reauthorization with the nequirements of Art. 116, paragra relevant legislation. The reautiorization with the powers granted by force of this power of attorney, as well as power of attorney which with the powers granted by force of this power of attorney, as well
legal entities and sole proprietors realisered under the previous sentence shal legal entities and sole propries registered under Bulgarian laws should present certificate of good standolders —
issued by the Trade Registers registered under Buld present issued by the Trade Register. Foreign lead entities should present certificate of good standing
their registration, containing clear and unambinuous information of good stand their registration, containing clear eliginal continues sincines of good standing of
the company and the way of reveantation, insural negarding the persons entitled to repres the company and the way of representation, issued more than 3 months before the date of the genesent
meeting by a competent state, hodia in the other of more than 3 months be meeting by a competent state body in the state of their registration, translated, certified and legalized according to the Bulgarian legislation.

The shareholders in the public company have the right to authorize each natural or legal person to participate and vote in the General meet new their behalf. Art. 2001 and and of legal person to
not apply in case the shareholder has exclicity stated for ways for the Commer not apply in case the shareholder has explicitly stated the way of voting under each item of the Commerce Act will
proxy has the same rights to speak and to nese ev proxy has the same rights to speak and to pose queries at the session of the general meeting as the agenda. The represented shareholder does. The proxy has to exercise the session of the general meeting as the
given in the power of attorney has to exercise the voting right in compli given in the power of attorner may represent mee than one shareholder at the instructions
In this case the proxy may represent may with chres ever siffe In this case the proxy may wote in a different way with share owned by different shareholders it tepresents.
The authorization may be performed by electronic manage England o The authorization may be performed by electronic means. Eurohold Bulgaria AD will receive and accept electronically as valid, powers of attorney to the following e-mail: investors@eurohold.bg, will recept
electronic messages should be simed with a universe electronic.bg, whe electronic messages should be signed with a universal electronic signature (UES) or a qualified electronic signature (QES) by the principal and should be accompanies (UES) or a qualified electronic
the power of attorney with a notarized signature, which should also and image) of the power of attorney with a notarized signature, which should also be signed with a universal electronic image of signature (UES) or a qualified electronic signature (QES) by the principal.

The written materials according to the agenda of the General meeting of the shareholders shall be at disposal of the shareholders and their authorized representatives at the shareholders shall be
Christopher Columbus Blvd., Sofia, Ruleacia at the office of the office of Christopher Columbus Blvd., Sofia, Bulgaria at the office of the office of the company – 43
between 09.00 a.m. (06.00 a.m. UTC) and 5.00 n.m. (2.00 mm . eation manager each w between 09.00 a.m. (06.00 a.m. UTC) and 5.00 p.m. (2.00 p.m. UTC) and on the web page of the public day
company - www.eurohold.bg. company - www.eurohold.bg.

In case of lack of quorum on grounds of Art. 227 of Commerce Act in liaison with Art. 115, paragraph 14 POSA the session of the General meeting of the statenders will be held on 16 July 2021, at 10 July 2021, at 10.00 a.m. (07.00 a.m. UTC) at 43 Christopher Columbus Blvd., Noor 1, conference hall, Sofia, Bulgaria, with identical agenda, and the registration of the participants in the new session will identical on 16 July 2021 at 43 Christophis in the sesson will start at 09.30 a.m. (06.30 a.m. UTC)
may not be included in the agenda of the new session may not be included in the agenda of the new session.

The Management Board found that no objections have been brought against the voting so held and against the results of such voting.

Upon voting the above resolutions, the session of the Management Board of Eurohold BulgariaAD was closed.

MEMBERS OF THE MANAGEMENT BOARD:

1. KIRIL IVANOV BOSHOV:

2. ASSEN MINCHEV MINCHEV:

3. VELISLAV MILKOV CHRISTOV:

4. ASSEN EMANOUILOV ASSENOV:

5. Razvan Stefan LeFter:

TO THE GENERAL MEETING OF SHAREHOLDERS OF EUROHOLD BULGARIA AD

REPORT

on the activity of the Audit Committee of Eurohold Bulgaria AD for the year ended 31 December 2020

Dear Shareholders,

This report is prepared pursuant to Article 108(1)(8) and Article 108(1)(9) of the Independent Financial Audit Act (IFAA promulgated in State Gazette issue 95 dated 29.11.2016, amended in State Gazette issue 15 dated 16.02.2018, issue 17 dated 26.02.2019, amended and supplemented in State Gazette issue 18 dated 28.02.2020. amended in State Gazette issue 28 dated 24.03.2020 and amended and supplemented in State Gazette issue 105 sated 11.12.2020) and provides you with a comprehensive report of the Audit Committee for the year ended 31 December 2020.

• I. General information
• 1. Composition of the Audit Committee

In 2020 there were no changes in the composition of the Audit Committee, elected by a mandate of three years, according to a decision of the regular General Meeting of Shareholders (GMS) of EUROHOLD BULGARIA AD held on 30 June 2017. At the GMS held on 30 September 2020 the mandate of the Audit Committee was renewed for a term of 5 years. The activity of the Audit Committee was carried out in accordance with the Statute of the Audit Committee approved by the GMS on 30 June 2017 and the adopted new Statute of the Audit Committee at the GMS on 30 September 2020 ..

The members of the Audit Committee are the following natural persons who meet the requirements of Article 107(3) of IFAA in terms of educational qualification degree and professional experience in the sphere of the activity of the Company:

Name	Educational qualification degree and professional experience	Function
Dimitar Stoyanov Dimitrov	the Graduated Technical University of Sofia with Master's Information degree in and Measuring Equipment. Member of Supervisorv the Board of	Member of the Audit Committee

	EUROHOLD BULGARIA AD. He was member of the previous Audit Committee. He participates in the management of the Company since its establishment in 2006.
Ivan Georgiev Munkov	Graduated Sofia University "Kliment Ohridski", Sofia with Master`s degree in Law. He has 25 professional years of experience in law, including in holding structures.	Chair and independent member of the Audit Committee
Rositsa Mihailova Pencheva	Graduated University of National and World Economy, Sofia, with Master's degree in Business Management and Administration. She has 26 years of professional experience in accounting, including in holding structures	Independent member of the Audit Committee.

2. Rights and obligations of the Audit Committee

The rights and obligations of the Audit Committee are listed in detailed in Art. 108 of IFAA and are also included in its statute.

The key rights and obligations of the Audit Committee include the following activities:

• Inform the management bodies on the results of the statutory financial audit and explain how the statutory audit contributed to the reliability of the financial reporting;

• Monitor the financial reporting processes in the company and provide recommendations and proposals;

• Monitor the effectiveness of the internal control systems, the risk management system and the activity of internal audit regarding the financial reporting;

• Monitor the statutory audit of the annual individual and consolidated financial statements;

• Review and monitor the independence of the registered auditor in accordance with the provisions of IFAA, including appropriateness of the provided services apart from the audit;

• Conduct the selection procedure for a registered auditor, as well as give recommendations for the appointment of a registered auditor to audit and certify the annual individual and consolidated financial statements of the Company, unless a Selection Committeis established;

• Notify the Commission for public oversight of statutory auditors (CPOSA) within 7 days from the date of the decision for each approval under Art. 64, para. 3 of IFAA for providing under certain conditions tax services, according to Art. 5 (1), para. (2) (a) (vil) of Regulation (EU) No 537/2014;

Notifies the Commission for public oversight of the statutory auditors (CPOSA) within 7 days from the date of the decision for an approval under Art. 66, para. (3) of IFAA for continuing the statutory audit of the registered auditor for a period not exceeding two years where the remuneration paid continues to exceed 15 percent of the total income of the registered auditor or, where applicable, the auditor of the group performing the statutory audit.

3. Meetings of the Audit Committee

During the reporting period and at the date of this report, the Audit Committee heid five meetings dealing with:

• Issues related to the audit firm, which conducted the 2019 audit independence, monitoring of its work during the final stage of the audit, key audit issues and other findings for the company and the group;

• Issues related to the audit firm, which was appointed for the 2020 audit selection, independence, monitoring of its work, planning of the audit, key audit issues and other findings for the company and the group;

• Issues related to ongoing monitoring of financial reporting in 2020, as well as other matters of importance to the company and the group - presentation of the financial statements and disclosures, accounting for investments in subsidiaries, associated and other enterprises, impairment of receivables for granted loans, trade and other receivables, accounting for bond loans, accounting for insurance reserves, reputation from business combinations and other;

• Issues related to internal control, information security and information technologies, the processes of financial closing and consolidation and risk management.

The Audit Committee also held meetings with the management of the company to discuss the above issues.

II. Activity of the Audit Committee for the year ended 31 December 2019

The activity of the Audit Committee for the year ended 31 December 2019 included:

1. Informed the management bodies on the results of the statutory financial audit and explained how the statutory audit contributed to the reliability of the financial reporting.

For the year ended 31 December 2020, the Audit Committee of EUROHOLD BULGARIA AD performed independent monitoring and supervision over the process of preparing and presenting reliable and true financial information on individual and consolidated basis. In the exercise of its functions, the Audit Committee:

• Informed the management bodies of the Company on the results of the financial audit:

• Facilitated the adequate reporting of the Company's operations and ensured the reliability of the prepared individual and consolidated financial statements of EUROHOLD BULGARIA AD for 2020.

2. Monitored the financial reporting processes in the company

In 2020, the Company complied with and applied consistently adequate financial reporting in accordance with International Financial Reporting Standards (IFRS), as adopted by the European Union (EU).

Management was responsible for selecting and applying appropriate accounting policies. The Company had a comprehensive and adequate accounting policy, approved by the Management Board. The significant accounting policies used by EUROKOLD BULGARIA AD are described in the notes to the annual individual and consolidated financial statements. The Company has adopted all new standards, amendments and interpretations to IFRSs developed and published by the International Accounting Standards Board and adopted by the European Commission, which have an impact on the company's financial statements and are mandatory for the annual period beginning on 1 January 2020.

The financial statements of EUROHOLD BULGARIA AD are prepared on a going concern basis and under the historical cost principle modified as appropriate in accordance with the accounting policy. The Management is responsible for keeping proper accounting records, for appropriate management of the assets and for taking reasonable measures to prevent possible fraud and other irregularities.

In accordance with the Public Offering of Securities Act, the individual and consolidated interim quarterly and annual financial statements of EUROHOLD BULGARIA AD Sor 2020 were prepared and presented to the Financial Supervision Commission, Bulgarian Stock Exchange - Sofia, the investors and the public. For the purposes of the internal and external reporting, the Company has deadlines, at EUROHOLD BULGARIA AD Ineering and group level, for the preparation of the interim quorterly and annual individual and consolidated financial statements, for their approval by the management and their disclosure to regulators and the public through publication.

The Audit Committee is familiar with the contents of the interim and annual individual and consolidated financial statements and activity reports of EUROHOLD BULGARINANT

In the process of the completed statutory financial audit of the Company for 2020 it can be concluded that as far as we are aware, there are no significant deficiencies and/or weaknesses in the financial reporting process, which might affect the fair presentation of the financial position of the Company and EUROHOLD Group for 2020 with the exception of accounting for the investment in one of the subsidiaries in the individual financial statements and the reporting of insurance reserves and goodwill in the consolidated financial statements. In this respect there is a modified opinion issued in the auditor's reports on the individual and consolidated financial statements with respect to the result of the impairment test for the investment in a subsidiary in the individual financial statements and the goodwill in the consolidated financial statements as well as with regard of the applied methods and approach for calculation of the insurance reserves in the consolidated financial statements.

In the course of the activities performed by the Audit Committee there were no cases of legal and regulatory gaps, fraud and non-compliance with legal and regulatory requirements in the operations of EUROHOLD BULGARIA AD and its group.

3. Monitored the effectiveness of the internal audit systems and the risk management system in the Company

The Management Board of EUROHOLD BULGARIA AD is responsible for the management of the financial resources, the risk management of the Company and its economic grown, con

the assessment and action taking to reduce the underlying risk and carrying out subsequent monitoring, overseeing the implementation and the results of the actions taken.

The effectiveness of the internal control system, established in the Company, allows for monthly financial analyses and control of current accounting in the Company and the Group. The internal control is a process established and maintained by the management and the personnel of the Company in order to provide reasonable assurance on the achievement of the objectives of the Company and its group with regard to the reliability of financial reporting, the effectiveness and efficiency of the operations and the activities, as well as compliance with applicable laws and regulations. The subsidiaries of EUROHOLD BULGARIA AD are subject to direct control by the parent company.

The Audit Committee is familiar with the internal control procedures and rules that apply at group level, and it has not identified significant gaps in the existing and operational control and/or accounting system. Based on the observations and checks, the Audit Committee confirms that in 2019 the financial reporting system of the Company is reliable and adequate and presents fairly the financial position of EUROHOLD BULGARIA AD on unconsolidated and consolidated level. The existing internal control system allows for effective management of the financial resources of the Company and its Group.

In 2020 the management of EUROHOLD BULGARIA AD engaged in effective risk management of the Company through the implementation of an effective system for their forecasting, reporting, taking corrective actions and monitoring. The annual unconsolidated activity report and the annual consolidated activity report for 2020, prepared by the Management Board of the Company, contained a comprehensive description of the types of risks affecting the operations of the Company and its group, as well as the risk management mechanisms. The Management Board adopted principles for financial risk management, based on which procedures were developed for managing individual risks, such as currency, interest rate, credit, liquidity, and others.

After the monitoring exercise of the risk management systems, the Audit Committee has noted that the Company effectively manages the risks, affecting its operations and the activity of the Group. No recommendations have been made on the structure, functions and processes of the internal control and the risk management system.

শ Monitored the statutory audit of the annual unconsolidated and consolidated financial statements, including review and monitoring of the independence of the registered auditor in accordance with IFAA.

In accordance with the Independent Financial Audit Act, EUROHOLD BULGARIA AD and its economic group are subject to statutory financial audit on individual and consolidated basis.

According to Art. 9, para. 1, item 5 of its Statute, the Audit Committee conducted a procedure for selecting a registered Auditor - Audit Firm for 2020, complying with the criteria set out in Appendix 1 to the Statute. As a result of the procedure, the Audit Committee proposed to the Management Board that the audit company ZAHARINOVA NEXIA OOD be selected. It is entered under Reg. No 138 in the public register of the registered auditors under Art. 20 of IFAA, which is available on the websites of the Institute of Certified Public Accountants (ICPA) and CPOSA.

In accordance with the provisions of the Accountancy Act and the Independent Financial Audit Act, on 30 September 2020 the General Meeting of Shareholders of EUROHOLD BULGARIA AD elected the audit company ZAHARINOVA NEXIA OOD to perform the statutory audit of the annual individual and consolidated financial statements of EUROHOLD BULGARIA AD for 2020.

The responsibilities of the audit firm ZAHARINOVA NEXIA OOD in relation to the audit of the individual and consolidated financial statements of EUROHOLD BULGARIA AD were included in the Audit Engagement Letter dated 26 October 2020. The Audit Committee was also aware with its content.

The audit of the individual and consolidated financial statements of the Company was performed by the audit firm ZAHARINOVA NEXIA OOD with leading auditor for the individual financial statements Grigor Petrov, CPA, Registered Auditor No 816 and leading auditor for the consolidated financial statements Dimitrina Zaharinova, CPA Registered Auditor No 415, respectively. The Audit Committee reviewed the independence of the audit firm at the initial undertaking of the audit engagement, according to IFAA and Regulation 537/2014, as well as at the completion of the audit. Independence declarations were submitted to the Audit Committee. The audit of the individual and consolidated financial statements of the Company for the year, ending on 31 December 2020, was the first full uninterrupted statutory audit engagement carried out by the audit firm ZAHARINOVA NEXIA OOD. The responsible registered auditors are the leading auditors for the first year.

The independence of the auditor was monitored during the entire process of the audit, and the Audit Committee confirmed that the independent financial audit for 2020 was carried out lawfully and prepared in strict compliance with the requirements for independent financial audit. There are no threats to the independence and objectivity of the audit firm.

The remuneration of the auditing company for the statutory audit of the individual and consolidated financial statements of EUROHOLD BULGARIA AD does not exceed 15% of the audited company's income on information provided and the examination of the transparency reports.

In 2020, no approval by the Audit Committee for the provision of services other than statutory audit by the audit firm was sought.

In 2020, ZAHARINOVA NEXIA OOD has not provided other services to EUROHOLD BULGARIA AD outside of the audit of the financial statements.

The audit firm has provided services related to mandatory financial audit of the following subsidiaries of EUROHOLD BULGARIA AD:

• Insurance company Euroins AD

• Insurance company EIG RE EAD

• Insurance company Euroins Life EAD

• Euroins Insurance Group AD

Observations on the audit process have shown that it has been carried out in compliance with professional requirements.

The audit reports on an individual and consolidated basis are structured in a form consistent with the requirements set out in the International Standards on Auditing. The audit firm provided the additional reports under Art. 60 of the IFAA in accordance with the requirements of Art. 59 on the audit of the individual and consolidated financial statements. These reports summarize information from the meetings and communication with the management of the company and the Audit Committee with the audit firm regarding the audit planning, the timetable for conducting the interim and final audits, materiality levels, significant audit findings and other and meening and multi-fudults, the auditor for the audit of the company's individual and consolidated financial statements and its independence are described. Audit reports are also presented.

During the reporting period, the Audit Committee contributed to ensuring the best conditions, created by management of the Company, to achieve an environment that guarantees transparency and independence in the process of performing the duties of the auditor. The Company met the deadlines for submitting the information required by the auditor, and granted the auditor full access to the requested information. During the audit, meetings were held between the auditor and the management of the Company at the accepting and planning of the engagement and planning stage and the completing to discuss the key matters. the management letter, the adjusted and non-adjusted errors.

Through communication with the registered auditor, the Audit Committee identified that the audit procedures were implemented responsibly and in accordance with the regulations. The audit was planned and performed with precision. The registered auditor has maintained communication with the Audit Committee in relation to the performance of the audit in separate stages, the progress of the audit and other ongoing issues, as well as regarding the final audit of the Company on individual and consolidated basis. The time schedule was kept in the period October - November 2020 and February to May 2021.

During the performance of the independent financial audit engagement, including the period of the engagement and the process until the issue of the audit reports, there were no problematic issues identified in relation to IFAA regarding the registered auditor.

In 2020, the audit firm was included in the plan for planned inspections of CPOSA for quality review. The inspection was completed with a Report of 17 March 2021 with the opinion that the activity of the enterprise is in compliance with all material aspects of the quality requirements of the audit services performed by applying the procedures set out in the professional standards. The assessment given by the Commission of the quality of the registered auditor's professional activity is an 'A' assessment.

The monitoring of the Audit Committee indicated that the audit service provided by the registered auditor was objective, the overall operations of the Company were audited, and the auditor's reports were prepared in accordance with the statutory requirements.

The complete set of the audited annual individual and consolidated financial statements of the Company, together with the other information thereon was approved and adopted by the management Board of EUROHOLD BULGARIA AD after coordination with the Audit Committee.

III. RECOMMENDATION ON THE APPOINTMENT OF A REGISTERED AUDITOR TO AUDIT AND CERTIFY THE ANNUAL INDIVIDUAL AND CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY FOR 2021

In connection with Art. 108, para. 1, item 6 of the Independent Financial Audit Act, as of the date of this report the Audit Committee of EUROHOLD BULGARIA AD is conducting an assessment process of audit companies regarding the audit of the individual and consolidated financial statements for the year ending on 31 December 2021. In this regard the recommendation for the appointment of the auditor will be made at a next General Meeting of Shareholders after completion of the selection process.

The Report is approved by a Decision of the Audit Committee dated 25 ဖြစ်သည်။

Chair of the Audit Committee:

Member of the Audit Committee:

Member of the Audit Committee:

Dimitar Dimitro

Rositsa Pencheva

REPORT OF THE INVESTOR RELATIONS DIRECTOR TO THE ANNUAL GENERAL MEETING OF SHAREHOLDERS OF EUROHOLD BULGARIA AD June 2021

Dear Shareholders,

In the course of its business, Eurohold Bulgaria AD tries to strictly apply the internationally recognized standards of good corporate governance for the purpose of protecting its shareholders and investors' interests.

Eurohold Bulgaria AD complies with the National Corporate Governance Code (NCGC) approved by the Financial Supervision Commission and carries out its activities in full compliance with the principles and provisions of the Code.

The main objectives of the Investor Relations Director are to ensure effective communication between Eurohold Bulgaria and its shareholders, other stakeholders /business partners, company's creditors, potential investors/, regulatory authorities, the stock exchange and Central Depository, as well as to assist the company in meeting its obligations as a public company.

• Disclosing information by Eurohold Bulgaria AD as a public company

The management of Eurohold Bulgaria AD has approved a policy for disclosure of information in accordance with the legal requirements and bylaws.

In accordance with the adopted policy for disclosure of information, the management of Eurohold Bulgaria AD has created and maintains a system for disclosure of information, which guarantees equality of the addressees of information (shareholders, stakeholders, investment community) and prevents abuse of inside information.

The management of Eurohold Bulgaria AD guarantees that the disclosure system provides complete, timely, accurate and understandable information, which allows for objective and informed decisions and assessments.

The management of Eurohold Bulgaria AD promptly discloses the capital structure of the company in accordance with the approved rules for disclosure of information.

Within the current legislation and in accordance with the provisions of the company's bylaws, the management of Eurohold Bulgaria AD guarantees that the rules and procedures under which the acquisition of control and extraordinary transactions such as mergers and sale of significant parts of assets are carried out are clear and promptly announced.

The governing body of Eurohold Bulgaria has approved and monitor compliance with internal rules for the preparation of annual and interim reports and the procedure for disclosure of information.

The management of Eurohold Bulgaria AD has adopted internal rules that ensure the timely disclosure of any material periodic and ad-hoc information about the company, its management, its operating activities, its shareholder structure.

The management of Eurohold Bulgaria AD guarantees the disclosure of any significant periodic and incidental information about the company through channels that provide equal and timely access to the relevant information by users.

As part of the information disclosure system, the management of Eurohold Bulgaria AD maintains a bilingual website of the company www.eurohold.bg - in Bulgarian and English, with approved content, scope and periodicity of the information disclosed through it. The content of the web page fully covers the requirements of the National Corporate Governance Code.

Eurohold Bulgaria AD uses a single point for disclosure of information electronically and thus the information reaches the public, the FSC and the regulated market in an unadjusted form. (http://www.x3news.com/).

With view of the Eurohold Bulgaria AD stock double listing at the end of 2011 at the Warsaw Stock Exchange, the company is obliged to disclose the entire information provided by the company to the Financial Supervision Commission in Poland, to the regulated securities market, and to the Polish investment community.

• Administrative service of the managing bodies

All meetings of the Managing and the Supervisory Board of the company are convened in compliance with the statutory and intra-company regulations. The notices with agenda, together with the materials thereof, are sent to all members on time. The minutes from all meetings are duly made and kept.

Activities of the Investor Relations Director in 2020

• In 2020, in the context of the Covid-19 pandemic, the efforts of the management were in the direction of maintaining the normal rhythm of work. However, we experienced some difficulties and took advantage of the extended deadlines for submission of financial statements for the first and second quarters in connection with the state of emergency declared on March 13, 2020. The regular meeting of the General Meeting of Shareholders was also held within the extended deadline;
• The pandemic situation in 2020 did not affect the timely disclosure of other regulated information. Eurohold Bulgaria AD has always provided the necessary inside information to the regulatory authorities, the public and the regulated securities market in a timely manner;
• Disclosed information is always complete and correct, provided in an investor-friendly manner;
• The use of a single disclosure point ensures equality between users of this information;
• The Investor Relations Director can be easily reached through the publicly available e-mail and phone number.

In performing my duties as Investor Relations Director, I observe ethical and professional standards and strive for my entire activity to be subject to the responsibility to investors of Eurohold Bulgaria AD and to the investment society as a whole.

Milena Stoyanova, Investor Relations Director

ANNUAL REPORT OF THE SUPERVISORY BOARD OF EUROHOLD BULGARIA AD IN ITS FUNCTION AS A REMUNERATION COMMITTEE FOR 2020

Prepared on the provision of Art. 22, para. 5 of Ordinance № 48 of the Financial Supervision Commission of 20 March 2013 on the requirements for remuneration

Status and Career of Children and Children and Children and Children and Children and Children and Charles of the Children and Children the Children the Children the Children

This annual report is presented to the General Meeting of Shareholders of the company and contains information on the manner in which the Supervisory Board of Eurohold Bulgaria AD exercises its functions as a Remuneration Committee, according to Art. 21, para. 3 of Ordinance Nº 48 on the requirements for remuneration. In preparing the annual report, the information and data according to the Report on the Implementation of the Remuneration Policy of Eurohold Bulgaria AD for 2020 were taken into account.

ANNUAL REPORT OF THE REMUNERATION COMMITTEE FOR 2020

1. Information on the Remuneration Policy and the functions of the Remuneration Committee of Eurohold Bulgaria AD

The policy in force as of the date of preparation of this report was developed by the Supervisory Board of the company and approved by the General Meeting on 30.09.2020 by repealing the Remuneration Policy of the members of the Management and Supervisory Boards, adopted by the General Meeting on 02.10.2013.

With this policy the General Meeting of Shareholders determines that the function of the Remuneration Committee will be performed by the Supervisory Board of Eurohold Bulgaria AD within the meaning of Art. 21, para. 3 of Ordinance Nº48 of the FSC.

The Supervisory Board consists of the following members: Assen Milkov Christov, Dimitar Stoyanov Dimitrov, Louise Gabrielle Roman, Radi Georgiev, Lubomir Stoev and Kustaa Lauri Aima. The expiration date of the term of office of the Supervisory Board is 09.05.2022.

The services of external consultants were not used in determining the Remuneration Policy.

2. Report on the implementation of the function of the Remuneration Committee for 2020

The tasks of the Remuneration Committee are normatively defined in Art. 21 and 22 of Ordinance No 48 of the Financial Supervision Commission of 20 March 2013 on the requirements for remuneration and shall be exercised in accordance with the procedure specified in Art. 13 and Art. 14 of the Remuneration Policy of the members of the Supervisory Board and the Management Board of Eurohold Bulgaria AD.

A task

Performance report

1. To prepare and propose to the GMS a Remuneration Policy, in case of considered necessity

In accordance an amendment to the Ordinance amending and supplementing Ordinance Nº 48 of 20.03.2013 on the requirements for the remuneration of the FSC, published in a state newspaper, no. 61 of 10.07.2020 and in accordance with & 20 of the transitional and final provisions of the same, the Supervisory Board of Eurohold Bulgaria AD prepared a draft of a new Remuneration Policy for the members of the Supervisory Board and the Management Board of Eurohold Bulgaria AD (Remuneration Policy), which proposed for approval by the GMS.

	Remuneration policy has been developed in accordance with Art. 116c, para. 1 of the Public Offering of Securities Act (last amended and supplemented Amended by the Public Offering of Securities Act, state newspaper No. 64 of 18.07.2020 in force since 21.8.2020) in accordance with Ordinance Nº 48 of the Financial Supervision Commission of 20 March 2013 on the requirements for remuneration (last amended and supplemented by Ordinance amending and supplementing Ordinance Nº 48, state newspaper No. 61 of 10.07.2020) and was adopted on 30.09.2020 by the General Meeting of Shareholders of the public company according to the procedure established by law. The Policy enters into force on 30.09.2020 and repeals the Remuneration Policy of the members of the Supervisory Board and the Management Board of Eurohold Bulgaria AD, adopted by the General Meeting of Shareholders on 02.10.2013.
2. To review the Remuneration policy approved by the GMS at least once a year, including:	The Supervisory Board reviewed the Remuneration Policy of Eurohold Bulgaria AD in 2020, presenting to the GMS a new draft Policy in line with the changes in the legal environment concerning the activities of public companies, as reported in point 1. The new Remuneration Policy of Eurohold Bulgaria AD was approved on 30.09.2020 and published on the Company's website. Subsequent amendments to the legislation - amendments and supplements to the POSA have no relation to the matter affected in Art. 116c and do not necessitate changes in the Remuneration Policy. For 2021 and as of the date of preparation of this report, a regular review was performed by the Supervisory Board, and no circumstances have been established, a prerequisite for its amendment. Remuneration policy is subject to review by the GMS in 2024.
2.1. Regulatory compliance	The Remuneration policy of Eurohold Bulgaria AD includes: a description of the decision-making process used for its determination, review and implementation, including measures for prevention or management of conflicts of interest, the role of the Supervisory Board as a Remuneration Committee within the meaning of Art. . 21, para. 3 of

.

.

	Ordinance Nº 48 of the FSC. The format of the Remuneration Policy of Eurohoid Bulgaria AD, approved in 2020, achieves more transparency by allowing effective protection of interests and encourages the exercise of the right to vote by all shareholders, including: - the previous revoked version of the Policy is also published on the website; - The policy includes a description of the significant changes and the reasons for their introduction; - The policy announces the results of the voting of the GMS, as well as the opinions of the shareholders, if any
2.2. The remuneration policy of Eurohold Bulgaria AD covers all forms of indemnities, including fixed remuneration, remuneration schemes and payments related to the termination of the contracts of the persons falling within its scope.	The Supervisory Board reports that the Remuneration Policy of Eurohold Bulgaria AD covers all forms of indemnities, fixed remunerations and payments related to the termination of the contracts of the persons within its scope.
2.3. Occurrence of essential necessity	The Supervisory Board does not report the occurrence of circumstances creating a need to amend, supplement or revoke the approved Remuneration Policy of Euroholod Bulgaria AD
2.4. Significant risk for achieving the objectives under Art. 1 of the Policy	The Supervisory Board does not identify a significant risk for achieving the objectives set out in the Policy, leading to the need to amend, supplement or revoke the approved Remuneration Policy of Euroholod Bulgaria AD
Follows the 3. practice of applying the Remuneration Policy of Eurohold Bulgaria AD, including :	The Supervisory Board of Eurohold Bulgaria AD reports that the implementation practice complies with the Remuneration Policy approved by the GMS. During the review, the Supervisory Board began with a review of the Report on the Implementation of the Remuneration Policy of EUROHOLD BULGARIA AD for 2020, attached to the Annual Financial Statements for 2020.
3.1. To make changes in the individual remuneration of the members of the Management Board,	In connection with the declared state of emergency due to the worsened epidemic situation regarding COVID 19, a decision was made by the Supervisory Board of Eurohold Bulgaria AD to reduce the

respectively of the executive directors, in accordance with the approved Remuneration Policy and the evaluation of the work of the executive director	remuneration of the company's employees, as well as some of the members of the Supervisory Board and the Management Board, for the period from 01.04.2020. until 31.05.2020, namely: · Asen Minchev Minchev, member of the Management Board - reduction for the period from 01.04.2020 to 31.05.2020 - BGN 5040.00. · Lubomir Stoev, member of the Supervisory Board - reduction for the period from 01.04.2020 to 31.05.2020 - BGN 6258.00. The remuneration of all other members of the Supervisory Board and the Management Board remains unchanged throughout 2020.
3.2. To give recommendations to the Management Board in determining the remuneration of the employees of other managerial positions in the administration of the public company	In connection with the declared state of emergency due to the worsened epidemic situation regarding COVID 19, a decision was made by the Supervisory Board of Eurohold AD to to Bulgaria reduce the remuneration of the company's employees, as well as some of the members of the Supervisory Board and the Management Board, for the period from 01.04.2020. until 31.05.2020, namely: · Asen Minchev Minchev, member of the Management Board - reduction for the period from 01.04.2020 to 31.05.2020 - BGN 5040.00. · Lubomir Stoev, member of the Supervisory Board - reduction for the period from 01.04.2020 to 31.05.2020 - BGN 6258.00.
3.3. To monitor the level and structure of the remuneration of the employees of other managerial positions in the administration of the public company on the basis of information provided by the Management Board	The Supervisory Board monitored the level of remuneration on the basis of full-time employees of the company who are not directors, reported in Appendix No 1 to the Report on Implementation of the Remuneration Policy of EUROHOLD BULGARIA AD for 2020 and reflecting an annual change in the average amount of remuneration during the previous five financial years, presented together in a way that allows for The cited report was comparison. prepared in accordance with the recommendations of the Supervisory Board. In 2020, the structure of the remuneration of the employees of the company who are not directors and receive their remuneration on a full-time basis is only a fixed remuneration.
3.4. To review the	The Supervisory Board, in its

.

Remuneration policy of the members of the Management Board, respectively the executive directors, including the policy regarding remuneration based on shares and its implementation	capacity as the Remuneration Committee, based on the review, takes into account the following recommendations: · it is not necessary to amend the Remuneration Policy in order to implement it effectively ; - proposes for the next financial year 2021 the remuneration of the members of the Management Board, the Supervisory Board and the procurators to remain unchanged compared to 2020 by paying them only fixed annual remuneration
3.5. To ensure that the remuneration of each member of the Management Board is fairly determined in relation to the remuneration of the other members of the Management Board and other employees in managerial positions in the administration of the public company	The Supervisory Board does not take into account preconditions for violation of the right to fair remuneration. Remuneration changes in 2020 in connection with the declared state of emergency due to the deteriorating epidemic situation regarding COVID 19 are a temporary measure implemented in accordance with the law, with bilaterally signed annexes to the contracts. The data on the remunerations are formed and reported in the Report for implementation of the Remuneration Policy of EUROHOLD BULGARIA AD for 2020, which was publicly announced.
4. Independent supervision of remuneration practices	The Supervisory Board does not take into account preconditions for interference or attempts to violate the independence of the body in the performance of its duties as a Remuneration Committee.
5. Protection of shareholders' rights - disclosure practices and equal access to information	The Supervisory Board reports that in accordance with the Remuneration Policy, the following have been announced by publishing in a visible and easily accessible place on the official website of Eurohold Bulgaria AD: - The Remuneration policy of the members of the Supervisory Board and the Management Board of Eurohold Bulgaria AD, 30.09.2020; - The previous version: Remuneration policy, 02.10.2013 (annulled); ~ Report on the implementation of the Remuneration Policy of EUROLD BULGARIA AD for 2020 to the Annual Financial Statements for 2020.
6. Report on used external consultants	During the reporting period the services of external consultants were not used

This annual report was approved at a meeting of the Supervisory Board on 26.05.2021 and will be publicly available as part of the materials on the agenda for convening the regular annual meeting of the General Meeting of Shareholders. Every person, shareholder of Eurohold Bulgaria AD, as well as all other interested parties have the right to access this report.

In connection with this annual report, the members of the Supervisory Board, after a decision of the GMS, should be allowed to attend the meeting.

ASSEN CHRISTOV,

Chairperson of the Supervisory Board of Eurohold Bulgaria AD

"ТРАНСИКА" ООД София 1000, ул. "Т. С. Раковски" 132 А, ег. 1. Ten. 981 79 67, e-mail: transika@abv.bg

Превод от английски език

Ивайло Ангарски

Постоянен адрес: ул. "Сълзица" № 11, Бояна, 1616 София, България

ПРОФЕСИОНАЛЕН ОПИТ

"Компас Инвест" АД, София, от март 2011 година до момента

Главен изпълнителен директор, член на Съвета на директорите

• След придобиването на компанията, заедно с новосформирания екип успява да трансформира Компас Инвест от дружество, изоставащо в браншая в кип успяват
  от волещите български компании с сементика с сранша в една от водещите български компании за управление в оранша в една
  от водещите български компании за управление на активи и популяризиране на търговската марка.
• Управление на цялостната дейност, комуникацията с инвеститори (над 260 институционални и индивидуалнот комутикацията с инвеститори (над 260)
  Възможности предоставяна на коменти), оценка на инвестиционните възможности, предоставяне на регулаторна информация и гарантиранияте
  управпяващото дружество споста взева вступаторна и гарантиране, че управляващото дружество спазва регулаторните изисквания.
• Контрол и управление на 7 съвместими с ПКИПЦК взаимни фондове и множество индивидуални портфейли.
• Поддържане на комуникация с Българската комисия за финансов надзор (одобрен от Българската комисия за финансов надзор да заеме длъжността
  Изпълнителен директор) Изпълнителен директор).
• Поддържане на търговски линии и бизнес отношения с най-известните световни финансови институции, като ING, COWEN, CITI, Bank of America, Nomura, Unicredit, OTP, Baader Bank и др.

"Компас Капитал" АД, София, от март 2010 година до момента

Изпълнителен директор, член на Съвета на директорите

• Управление на цяпостната дейност на компанията, комуникация с клиенти и съвместно с екипа - извършване на оценка на сомуникация с клиенти и възможности за разшираване на оценка на новите инвестиционни възможности за разширяване на бизнеса.
• Придобиване на мажоритарни или миноритарни дялове в други компании,
  предоставяне на сфинансови коменсовии компортарни предоставяне на финансови консултантски дрлове в други компании,
  клиенти и различни финансови консултитски услуги в полза на корпоративни клиенти и различни финансови институции.

"Харвест Кепитъл" ЕООД, София, от юни 2008 година до момента

Директор

• Управление на на сцялостната дейност на компанията, комуникация с традиционните и привличане на нови клиенти.
• Работа като финансов съветник и организиратор на екип от финансови и технически експерти консултирации висшето ръководство на екип от финансови и и Проектна компания Бургас - Александруполис БГ ЕАД по всички стратегически и финансови въпроси свързани с изпълнението на проект за газопровски и
  стойност 2 милиарда Евро стойност 2 милиарда Евро.
• Участие във финансовия екип на международната проектна компания Транс Балкан Пайплайн (ТВР, Лат.) във връзка с изпълнението на проектив компания Пранств
  газопровол Бургас - Авековнатался във връзка с изпълнението на проекта за газопровод Бургас - Александруполис

• Предоставяне на финансови съвети на редица частни лица и фирми, включително - но не само - някои от най-големите български компании работещи в сферата на фармацевтиката, металургията, финансите и други области

"Hentsch JSC", София, от март 2008 до март 2009 година

Изпълнителен директор, член на Съвета на директорите

• Като изпълнителен директор успява да оздрави държавно акционерно дружество с 40 % държавно участие, което е действало на местния пакционерно
  продукти на химическата промицате, което е действало на местния пазар на продукти на химическата участие, което е действало на местния пазар на
  положение положение.
• . Преструктурира компанията и събира достатъчно средства за поддържане на неговата оперативна дейност.
• Решава сложни въпроси свързани с финансовата стабилност и собствеността върху недвижимите имоти на дружеството стоящи за решаване заедността
  общинските и пържавни състепте стоящи за решаване заедно с общинските и държавни органи. Подготвото стоящи за решаване заедно с
  на неговите собствениии на неговите собственици.

"A.S.A. International Environmental Services" GmbH, Виена, от септември 2004

до юни 2008 година до юни 2008 година.

Регионален представител, Главен проектантъ

• Представлява австрийска компания за управление на отпадъците в България.
  Установява, контакти, с мостните на отпадъците в България.
• Установява контакти с местните на от прадъците в България.
  комунални услуги.
• Подготвя и представя на висшето ръководство резултатите от проведените пазарни проучвания и необходимата документация, включително задълбочените
  анализ на целия пазар на отползумет всичите включително задълбочен анализ на целия пазар на отпадъците в България, включително задълб
  Анапизира бизнес молово и финанте в България и основните конкуренти.
• Анализира бизнес модела и финансовото състояните конкуренти.
  Компании за управление на отполние на една от най-големите компании за управление на отпадъци на местният пазар по онова време
  Schelle Бъргария - която по къстният пазар по онова време - Schelle България - която по-късно бизар по онова време Schelle България - която по-късно бива придобита от А. S.A. International Environmental Services.
• « Заедно с фонд, нагоравил най-големите частни инвестиции в България по онова време, провежда стрателически преговори в продължение на еднария по
  година, наллежна проверко и очение на свеще в продължение на една година, надлежна проверка и оценка на бизнеса за развитие на една
  структура за съвместна осоплостания обизнеса за развитие на стопанската структура за съвместна експлоатация и оридобиване на стопанската
  компания за управпение на отпостация и придобиване на най-голямата компания за управление скологация и придобиване на най-голямата
  компания за управление на отпадъците в България на обща стойност 55 милиона Евро.

Българска финансова група ДЗИ АД, София, от януари 2005 до декември 2006

година

Ръководител на проект

• Организира и координира финансирането (200 милиона Евро) на "Супер пред се се продавитера "финанойрането" (200 милиона Евро) на "Супер
  Боровец" - най-големият проект "зелено поле" за планински курорт в страната по онова време.
• « Контролира подготовката на бизнес планирането и финансовото моделиране на проекта. Консултира мажеритарния акционето и финансовото моделиране на
  за финансово структирания за финансово структуриране и и преговорите относно отратегията
  инвестиционни бачки инвестиционни банки.

Dresdner Bank AG, Франкфурт, от октомври 2001 до ноември 2002 година

Сътрудник, Глобален дълг - Валутни курсове и местни пазари

• Обучен и работещ като продавач в звеното за продажби на глобален дълг валута / местни пазари на Dresdner Kleinwort Wasserstein.
• Ежедневно предоставя на клиентите анализ на пазара и информация.
• Сключени сделки (на дневна база) с инструменти с фиксиран доход.
• Генериране на нови бизнес потоци със средствата на основните български банки.

Deloitte & Touche, София, лято 1999 до лятото на 2000 година

Асистент в отдел финансово-консултантски услуги ("FAS")

• " Стажант в отдел "FAS", ангажиран с прегледи и дискусии с членовете на екипа на FAS по отношение на различни бизнес планове, проучвания за осъществимост, проспекти за търгувани публични активи и изготвяне на информационни меморандуми. Подготовка на резюме на информационния меморандум за приватизацията на Българския държавен осигурителен институт (ДЗИ).
• Работа във всички отдели на софийския офис на Deloitte & Touche. Оказване на помощ за висшето ръководство при решаването на редица счетоводни въпроси и предлагане на бизнес стратегии.

ОБРАЗОВАНИЕ

UCLA (Калифорнийския университет в Лос Анджелис) Награда за Общи бизнес изследвания с насоченост към инвестирането

юни 2003 - юли 2004 година

Warwick Business School. Университетът в Уорик, Бакалавър по счетоводство и финанси

юли 1998 - юни 2001 година

ЕЗИЦИ

Английски (свободно); немски (основно), български (роден)

	Подписаният Олег Стоянов Иванов удостоверявам верността на
	извършения от мен превод от английски на български език на
	приложения документ: Автобиография, Преводът се състои от три
страници.
Преводач:	J. MECHUE

Ivaylo Angarski

Permanent Address: 11 Salzitsa Str., Boyana, 1616 Sofia, Bulgaria

EXPERIENCE

Compass Invest JSC, Sofia, March 2011 - present

Chief Executive Officer, Member of the Board of Directors

• · Upon acquisition of the company, together with a newly formed team managed to transform Compass Invest from one of laggards in the industry to one of the leading asset management companies in Bulgaria in terms of AUM and brand recognition.
• · Management of the overall activities, communication with investors (more than 260 institutional and individual clients), assessment of investment opportunities, provision of regulatory information, assuring that the management company complies with regulatory requirements.
• Overseeing and managing 7 UCTTS compliant mutual funds and a number of individual portfolios.
• · Maintaining communication with the Bulgarian Financial Supervision Commission (approved by the Bulgarian Financial Supervision Commission for the position as an Executive Director).
• · Maintaining trading lines and business relations with most prominent global financial institutions such as ING, COWEN, CITI, Bank of America, Nomura, Unicredit, OTP, Baader Bank,etc.

Compass Capital JSC, Sofia, March 2010 - present

Executive Director, Member of the Board of Directors

• · Management of the overall activities of the company, communication with clients, together with the team assessing new investment opportunities for business expansion.
• Acquisition of majority or minosity interest in other companies. Financial Advisory Services to corporate clients and financial institutions.

Harvest Capital Ltd., Sofia, June, 2008 - present

Director

• · Management of the overall activities of the company, communication with clients and attracting new clients.
• · Acted as a financial advisor and organized a team of financial and technical experts to advise the senior management of Project Company Bourgas - Alexandropoulos BG JSC on all strategic and financial issues related to the implementation of a pipeline project valued at EUR 2 billion.
• · Took part in the financial team at the international project company Trans-Balkan Pipeline (TBP) for the implementation of the pipeline project Bourgas - Alexandropoulos.
• · Provided financial advice to a number of private including but not limited to some of the largest Bulgarian companies operating in the Pharmaceutical, Metallurgical, Financial and other fieids.

Hentsch JSC, Sofia, March 2008 - March 2009

Executive Director, Member of the Board of Directors

• · Retained as an Executive Director of a 40% state owned joint stock company which used to operate on the local chemical industry market and was in financial difficulty.
• · Restructured the company and raised finance for the operational activities of the company.
• · Restructured the company and raised finance for the operational activities of the company. Resolved complex issues related to the financial stability and ownership of the company's real estate property with

the muricipal and governmental authorities. Prepared the company for liquidation and change of ownership.

A.S.A. International Environmental Services GmbH, Wien, September 2004 - June 2008

Regional representative, Project manager

• · Represented an Austrian based waste management company in Buigaria.
• · Established contacts with local and governmental authorities, municipalities and communal service companies.
• · Prepared and presented to senior management relevant market research and required documentation, including in depth analysis of the entire waste management market in Bulgaria and the major competitors.
• · Analysed the business model and financial condition of one of the largest waste management companies on the local market at that time - Schelle Bulgaria, which was later on acquired by A.S.A. Intrematio only Environmental Services.
• · Together with a private equity fund which had made the largest investments in Bulgaria at that time, carried out Iyear strategic negotiations, due diligence and business valuation to develop a business structure for the joint operation and acquisition of the largest waste management company in Bulgarca, valued at EUR 55 million at that time.

DZI Bulgarian Financial Group JSC, Sofia, January 2005 - December 2006

Project manager

• · Organized and coordinated the funding of EUR 200 million for "Super Borovets" the largest greenfield mountain resort project in the country at that time.
• · Controlled the preparation of the business planning and financial modelling of the project. Advised the project's majority shareholder on the financial situcturing and negotiation strategy with hading coloal investment banks.

Dresdner Bank AG, Frankfurt, October 2001 - November 2002

Associate, Global Debt - FX &Local Markets

• ూ Trained and worked as a salesman at the Global Debt FX /Local Markets Sales unit of Dresdner Kleinwort Wasserstein.
• · Provided clients with market analysis and information on a daily basis.
• · Completed trades (on a daily basis) of Fixed Income instruments.
• Generated new business flows with the treasuries of the major Bulgarian banks.

Deloitte & Touche, Sofia, Summer 1999 - Summer 2000

Summer Associate, Financial Advisory Services "FAS"

• . Internship in the FAS Department, reviewed and discussed with the FAS team members business plans, feasibility studies, IPO prospectuses and information memoranda. Prepared a summary of the information memorandum for the privatization of the Bulgarian State Insurance Institute (DZI).
• · Rotated throughout all departments of Deloitte & Touche Sofia office. Supported senior management in resolving accounting issues and recommending business strategies.

EDUCATION

UCLA (University of California, Los Angeles) Award in General Business Studies with Concentration in Investments

Warwick Business School, University of Warwick Batchelor of Science in Accounting and Finance

June, 2003 - July, 2004

/ July, 1998 - June, 2001

LANGUAGES

English (fluent); German (basic), Bulgarian (native)

Регистрационен номер: 21060901125 Registration number: 21060901125

Валидно до: 09 декември 2021 Date of expiry: 09 December 2021

ЕЛЕКТРОННО СВИДЕТЕЛСТВО ЗА СЪДИМОСТ ELECTRONIC CONVICTION STATUS CERTIFICATE

МИНИСТЕРСТВО НА ПРАВОСЪДИЕТО НА РЕПУБЛИКА БЪЛГАРИЯ MINISTRY OF JUSTICE OF THE REPUBLIC OF BULGARTA

Удостоверява, че лицето: Certifies that the person:

ИВАЙЛО КРАСИМИРОВ АНГАРСКИ

(име, презиме и фамилия)

IVAYLO KRASIMIROV ANGARSKI

(name, father's name, surname)

ECH: Personal number:

Роден(а): Роден(а):
Date of birth: , ---------------------------------------------------------------------------------------------------------------------------------------------------

НЕ Е ОСЪЖДАНО И НЕ Е ОСВОЖДАВАНО ОТ НАКАЗАТЕЛНА ОТГОВОРНОСТ ПО ЧЛ. 78а HK

HAS NOT BEEN CONVICTED AND HAS NOT BEEN RELEASED FROM CRIMINAL RESPONSIBILITY UNDER ART. 78a OF THE CRIMINAL CODE

Дата на издаване: 09 юни 2021 Date of issue: 09 June 2021

Адрес за проверка: http:// cs.mjs.bg Verify at: http:// cs.mjs.bg /en

Код за достъп: 7P1UPCMXVU Access code: 7P1UPCMXVU

Note: The Election States Cortficale in electronic format any is accessoble through the neb page of the Ministry of Jastice and has the same legal while as the Conviction Status Certificate issued on paper.

Persons concerned can access the Electronic Conviction Status Certificate through the Ministry of Justice via access code.

Зобенство сомдавал сомдавал сево за съдомство са своетовно из обвашта от збакашта от Уданстирството на кравоследнено игищения стратива, изната склад. като создаветствотов 92 съденство издобено на кориманского поставля. Еметрично семьетество во своимост в доставления заусти спратиците на Максимостью на гравоставите кого за достал.

"ТРАНСИКА" ООД София 1000, ул. "Т. С. Раковски" 132 А, ет. 1. TeJI. 981 79 67, e-mail: transika@abv.bg

A translation from Bulgarian

DECLARATION under Art. 116a1, par. 2 of the Public Offering of Securities Act

The undersigned, IVAYLO KRASIMIROV ANGARSKI, possessing PIN № in my capacity of candidate for membership in the Supervisory board of "EUROHOLD BULGARIA" AD, entered in the Commercial registry at the Registry agency under UIC No 175187337, with headquarters and address of manatgement: Rgn. "Iskar", Blvd. "Christopher Columbus" Ne 43, hereby dully

DECLARE THAT:

• 1. I am not an official of the public company;
• 1. I am not a shareholder who directly or through related parties holds at least 25 per cent of the votes at the General assembly or a person related to that company;
• 1. I am not an individual having lasting commercial relations with the public company;
• 1. I am not a member of a management or a controlling organ, procurator or an employee of the commercial company or other judicial person as per the provisions of items 2 and 3;
• 1. I am not a person related to any other member of the management or controlling organ of the public company.

I am aware of the responsibility I bear according to the provisions of Art. 313 of the Penal code.

09 June 2021 City of Sofia

DECLARER: Signed (ill) IVAYLO KRASIMIROV ANGARSKI

The undersigned Oleg Stoyanov Ivanov hereby certify the veracity of the translation from Bulgarian into English of the present document. The translation consists of one page, Translator :... /Oleg Ivano

ДЕКЛАРАЦИЯ

по чл. 116а², ал. 2 от Закона за публичното предлагане на ценни книжа

Долуподписаният, ИВАЙЛО КРАСИМИРОВ АНГАРСКИ, ЕГН , в качеството ми на кандидат за член на Надзорния съвет на "ЕВРОХОЛД БЪЛГАРИЯ" АД, вписано в Търговския регистър при Агенцията по вписванията, ЕИК 175187337, със седалище и адрес на управление: гр. София, район "Искър", бул. "Христофор Колумб" № 43, с настоящата

ДЕКЛАРИРАМ:

1. не съм служител в публичното дружество;

2. не съм акционер, който притежава пряко или чрез свързани лица най-малко 25 на сто от гласовете в общото събрание или е свързано с дружеството лице;

3. не съм лице, което е в трайни търговски отношения с публичното дружество;

4. не съм член на управителен или контролен орган, прокурист или служител на търговско дружество или друго юридическо лице по т. 2 и 3;

5. не съм свързано лице с друг член на управителен или контролен орган на публичното дружество.

Известна ми е отговорността, която нося на основание чл. 313 от Наказателния кодекс.

09.06.2021 г. Гр. София

ДЕКЛАРАТОР:

ИВАЙЛО КРАСИМИРОВ АНГАРСКИ

P O W E R – O F – A T T O R N E Y *

The undersigned ……………………………………………….., citizen of …………………………………, PIN/ born on …………………………………., ID card/ passport № …………………………………, issued on ……………………….., valid till, permanent residence: ……………………………………………., in my capacity of ………………………………………. (data of the represented natural/ legal person), possessing as of ………………… (day/month/year – the date pursuant to the invitation to the shareholders)) ………………………………………. number (description of shares) voting shares from the share capital of EUROHOLD BULGARIA AD, registered with the Trade Register at the Registry Agency, UIC 175187337, having its registered seat and address of management at 43 Christopher Columbus Blvd., Iskar district, city of Sofia, pursuant to art. 226 of the Commerce Act (CA) and art. 116, paragraph 1 of Public Offering of Securities Act (POSA),hereby

A U T H O R I Z E :

……………………………………………………………….. (full name), PIN/ born on ……………………………, ID card/ passport № …………………………………, issued on ……………………….., valid till, address: …………………………………………….

TO REPRESENT ……………………………………………………………….. at annual/ extraordinary session of the General meeting of shareholders of EUROHOLD BULGARIA AD, which will be held on ………………… (day, month, year) at ……………. am at 43 Christopher Columbus Blvd., Iskar district, city of Sofia, conference hall and to vote with all shares owned by ............................................ under the items of the agenda by the following way, namely:

I. ANNOUNCED AGENDA OF THE SESSION OF THE GENERAL MEETING OF SHAREHOLDERS pursuant to the published invitation to the shareholders and as the case may be, announced under the procedure of Art. 223 of the CA in relation to Art. 115, par. 4 of the POSA or Art. 223a of the CA relating to Art. 115, par. 7 of the POSA

…………………………………………………………………………………………………

II. DRAFT RESOLUTIONS ON THE SEPARATE ITEMS FROM THE AGENDA OF THE SESSION OF THE GENERAL MEETING OF SHAREHOLDERS pursuant to the published invitation to the shareholders and as the case may be, announced under the procedure of Art. 223 of the CA or Art. 223a of the CA.

…………………………………………………………………………………………………

III. MANNER OF VOTING BY THE PROXY ON THE SEPARATE ITEMS OF THE AGENDA OF THE GENERAL MEETING OF SHAREHOLDERS:

The proxy shall be entitled to consider whether and how to vote at his own discretion, to decide whether to vote FOR, AGAINST or ABSTAIN FROM voting under any and all draft resolutions during the session of the General Meeting of shareholders of EUROHOLD BULGARIA AD.

The authorization includes the questions added into the agenda under the conditions of Art. 231, par. 1 of the CA and not announced or published in accordance with Art. 223 of the CA, as well as the manner of voting by the proxy in the cases under Art. 231, par. 1 of the CA.

In case that the manner of voting by the proxy is not specified under eachitem of the agenda, it shall be pointed out that the proxy may vote at his/her own discretion (at his own discretion to vote "FOR", "AGAINST" or "ABSTAINED")under each draft resolutions during the session of the General meeting of the shareholders of EUROHOLD BULGARIA AD

It should be pointed out whether the authorization covers items which are incuded in the agenda under the conditions of Art. 231, paragraph 1 of the Commerce Act and are not notified to or announced pursuant to Art. 223 of the CA, as well as with respect to the way of voting by the proxy in the cases of Art. 231, paragraph 1 of the CA.

Date: …………………………………… FOR AND ON BEHALF OF: (……………………..)

*This power- of- attorney should be with notarized signature.