Dear Customers,

We are pleased to announce that effective of 14th of January 2008, UniCredit Bulbank will change the processing of those Outward foreign currency payment orders, where, according to your instructions the fees and commissions of all banks in the payment chain (e.g. not only the ones of UniCredit Bulbank) are to be paid by the Ordering customer.

After the introduction of the new approach UniCredit Bulbank will execute such Outward foreign currency payments, collecting beforehand not only its fees, but as well fixed fees covering the F&C of all banks in the payment chain.

Depending on the amount of the transfer the fixed fees (defined as well in the Terms and conditions) are:

1. up to 2500 EUR or counter value in other currency, as well as payments in USD in favour of Beneficiaries with account in the US (not depending on the amount) - 10 EUR

2. from 2 500 EUR up to 12 500 EUR or counter value in other currency - 20 EUR

3. over 12 500 EUR or counter value in other currency - 30 EUR

The advantages:

• Crystal transparency – all fees are known beforehand and are paid at the moment of execution of your payment order

• Standard commissions – no matter of different bank practices, no claims for fees after execution of payment

• Universal approach – the fees do not depend on the currency, the country of the Beneficiary, the number of banks in the chain

• Reliability – the ordered amount will get to the beneficiary intact.

Your personal Relationship manager and every filial of UniCredit Bulbank are at your disposal for any further information you need or questions you have.