UniCredit Bulbank launches two new structured deposits in EUR – Avangard Niagara and Avangard 1001. Fund raising for the new investment deposit products will continue until 19th March 2008 in the branches and offices of UniCredit Bulbank in the country

“The structured deposit is a necessary part of the optimum distribution of the Customers’ assets. The volatility of the stock markets encourage our specialists to develop deposit products with guaranteed yield, intended to be a perfect alternative to the high-risk investments”, Liubomir Punchev announced, Retail Banking Director of UniCredit Bulbank.

“The new structured Avangard Niagara and Avangard 1001 deposits have the reliability of the term deposit with a guaranteed interest rate, but they also have potential for significant additional yield based on shares, gold and oil, without the risks and expenses for the Customer compared to direct investments in these assets”, added Punchev.

When it comes to Avangard Niagara deposit, the yield is defined on the basis of the dynamics in the share prices of 20 chosen companies traded on the world stock-markets. Among the shares in the investment basket are those of Yahoo, Telecom Italia, Nissan Motor, Ebay, Canon, Apple and other world famous giants. By two estimations – at the beginning and at the end of the deposit period, the share with the most modified price percentage-wise, is determined (notwithstanding whether the price modification is up or down). The modification in absolute terms is subtracted from 45 % and the difference is added to the guaranteed yield of 4.5 %. In case the difference is negative, on maturity the Customer receives an interest of 4.5 % for the entire deposit period, which on annual base corresponds to the interest rate levels of one-year euro deposits. The initial date of the deposit is 20th March 2008 and the maturity date is 20th December 2009.

An example: The shares of Yahoo are those, the price of which has changed the most percentage-wise within the deposit period and they have risen with 30 % between the two estimations. Therefore, on maturity of the deposit, the Customer’s yield will be 4.5 % + (45% - 30%) = 19.5%.

Avangard 1001 structured deposit provides an opportunity to generate a significant yield from the gold and oil price-rise, projected by experts. This deposit also guarantees at 100 % of the principal as well as an interest of 0.5 % for the deposit period in case of unexpected developments on the markets.

The deposit is intended for a period of 30 months with initial date 20th March 2008. The interest which the Customers will get on maturity (20th September 2010) is formed as 70 % from the average yield, generated by DJ AIG Gold Index (an index reflecting the price of gold futures contracts) and WTI Spot (price of light crude oil futures). The two indicators have equal weight of 50 %.

An example: If the average yield generated by DJ AIG Gold Index and WTI Spot on the maturity date of the deposit is 18 %, then the Customer will get an interest equal to 70 % x 18 % = 12.6 % for the deposit period. If on maturity the average yield, generated by DJ AIG Gold Index and WTI Spot is 0 %, then the Customer will get 100 % of the deposit principal and guaranteed yield of 0.5 %.

All Customers of UniCredit Bulbank possessing Avangard deposits can use Flash creditto get liquid funds, if necessary. The only security required for receiving the credit is the structured deposit.