The investment intermediary for the initial increase of capital of the Company is FK Karol AD, with seat and address of management – Sofia, 57, Hristo Botev Boulevard.FK Carol AD is leading investment intermediary on the Bulgarian capital market with experience in the public and private offering of corporate securities.In June 2004 in cooperation with First Financial Brokerage House FK Karol ADperformed initial public offering of the shares of Investor BG AD – the firstIPOin the history of the Bulgarian capital market.In October 2004 FK Carol AD realizes the second IPO in Bulgaria for Interlogic – Real Estate AD.

For the period of its operation FK Carol AD is always among the leading investment intermediaries in Bulgaria.For 2002 and 2003 FK Carol AD holds the first place in the charts of the Bulgarian Stock Exchange (BSE) in terms of number of deals and within the top 10 based number of lots and turnover on the floor of the BSE AD.