In relation with the public offering of the BG Agro AD shares, which is performed pursuant to a Project for public offering and admission to list the BG Agro AD shares on the stock market, confirmed by the Financial Supervision Commission by virtue of Decision No. 919-PD, dated 9 November 2009, the lead manager of this offering, i.e. UniCredit Bulbank, announces the following recommended price range of the Company’s shares:

BGN 1.67 – 2.28 for one share

The price range stated above is indicative only.

Upon the so-defined indicative price range, the company’s market capitalization would be between BGN 67 and 92 million.

It is possible the Price of one share in the Offering (the price under which the investors will purchase shares in the Offering) to be determined outside the specified price range.

On 9 November 2009, the Financial Supervision Commission confirmed the prospectus for initial public offering of 6 053 616 existing shares with nominal value of BGN 1 each, from the capital of BG Agro AD, city of Varna, and for admission to list the company’s shares for trading on the Bulgarian Stock Exchange – Sofia AD.

The majority shareholders will offer for sale to the investors existing equities with the right to vote, representing 15% from the company’s capital. In addition, the selling shareholders, in reconciliation with UniCredit Bulbank AD as a lead manager of the offering, shall have the right to additionally offer up to 2 017 872 shares, representing 5% from the company’s capital, with which the total number of offered shares may reach up to 8 071 488, representing 20% from the company’s capital.

The announcement for the public offering of the shares pursuant to Art. 92а from the Public Offering of Securities Act was published on 13 November 2009 in the State Gazette, issue 90, as well as in a national daily newspaper, by means of which the public offering commenced.

Public offering schedule:

Announcement of an indicative price range:	16 November 2009
Acceptance of offers:	23 – 26 November 2009 inclusive, from 8:30 – 17:30 h.
Announcement of the offer price and allocation of shares:	27 November 2009
Start of trading in shares on BSE	02 December 2009
Transfer of the allocated shares on an over-the-counter market and their registration on BSE	02 December 2009
Crediting the investors’ accounts with the Shares following the Allocation	04 December 2009

The prospectus has been published on the www.bgagro.bg and www.unicreditbulbank.bg Internet sites.