Bulland Investments informs its investors that by receiving a Certificate for entering in explotation has finished the building of Renault – Nissan shopping and servicing center on a land in Ledenik, Veliko Tarnovo Municipality

On 25 May 2009 Bulland Investments and its servicing company Bulland Services signed Annex #6 to the contract for the servicing activities. The annual fee paid to the servicing company will be lowered from 1.8% to 1.5% of the net assets of the fund. VAT will be added to the resulting fee.

Bulland Investments would like to notify its shareholders and investors that it has submitted its annual financial report (as of 31 December 2008) to the Financial Supervision Commision on 30 March 2009. The financial report is available at 56 Vitosha Blvd., Sofia from 10:00 to 16:00 every working day, as well as at www.bulland.org.

Bulland Investments would like to notify its shareholders and investors that it has submitted its quarterly financial report (as of 30 June 2008) to the Financial Supervision Commision on 24 July 2008. The financial report is available at 56 Vitosha Blvd., Sofia from 10:00 to 16:00 every working day, as well as at www.bulland.org.

A decision has been made at the annual shareholders meeting on 13 June 2008 that dividends will be paid out as follows:

• 204 894,01 BGN for dividends, with a gross dividend per share of 0,0157 BGN;

The dividends will be paid out in accordance with the by-laws of the company and the Public Offering of Securities Act. They will be paid through Centralen Depositar AD up to three months after the decision was made. Only the shareholders that have registered at Centralen Depositar AD up to 14 days after the annual shareholders meeting (i.e. up to 27 June 2008) are eligible for dividends. The dividends include all trades up to and including those made on 25 June 2008.