UniCredit Bulbank is lead manager in the initial public offering of existing shares from the capital of BG AGRO AD

On the 9th of November 2009 the Bulgarian Financial Supervision Commission (FSC) approved the prospectus for initial public offering of 6 053 616 existing shares with BGN 1.00 par value each from the share capital of BG Agro AD, Varna and for admission to trading of the company’s shares on Bulgarian Stock Exchange – Sofia AD.

The majority shareholders will offer to investors existing ordinary shares with voting rights, representing 15% of the share capital of the company. In addition, the selling shareholders, in coordination with UniCredit Bulbank AD as Lead Manager of the Offering may decide to offer additionally up to 2 017 872 shares representing 5% of the share capital of the company with which the total number of the offered shares may reach 8 071 488 or 20% of the share capital of the company.

The announcement for the public offering of the shares in accordance with art.92a of the Public Offering of Securities Act (POSA) was published on 13 November 2009 in the State Gazette Issue No.90 and in “Pari” daily newspaper on 13 November 2009 which gave the start of the public offering.

The indicative price range was determined on the basis of the held meetings with leading local institutional investors and the received feedback for their indicative estimation of the fair value of the company and is between BGN 1,67 and BGN 2,28 per one share of BG Agro.

Contacts of the Lead Manager: Yolanda Hristova and Georgi Chanev, tel. (+359) 2 9320 150 and (+359) 2 9320 152, as well as of the Company: Zlatina Chotukova, tel. (+359) 52 601 656, every business day from 9.30am to 5.30pm.

Timetable of the public offering:

Approval of the Prospectus by FSC	9 November 2009
Publishing of the announcement according to art.92a of POSA	13 November 2009
Announcement of the indicative price range	16 November 2009
Bookbuilding/Collection of orders	23 – 26 November 2009, inclusive, from 8.30h – 17.30h local time
Announcement of the Offer price and the number of allocated shares	27 November 2009
Start of the trading with the shares on BSE	2 December 2009
Transfer of the allocated shares on the off-exchange market and registration of the transfers on BSE	2 December 2009
Crediting of the investors’ accounts with the shares after the Allocation	4 December 2009