Changes in the stockholding of PAC Doverie and resolutions adopted on the regular meeting of the shareholders of the Company

We would like to inform you about the changes in the stockholding of the Company. TBIH Financial Services Group N. V. has acquired ownership of an additional 12,047,912 shares, representing 80.30 per cent of the capital of the Company. After the acquisition TBIH Financial Services Group N. V. already holds 13,891,242 shares of PAC Doverie AD, representing 92.58 per cent of the capital.

TBIH Financial Services Group N. V. has acquired the aforesaid number of shares from BIP Group EAD, which as a result of the sale of the entire package of shares owned has terminated its equity participation in PAC Doverie AD.

We also inform you that on the regular meeting of the shareholders of the Company held on June 22, 2009 the following resolutions were adopted:

• Establishment of an Audit Committee of three members appointed for a term of 2 years;
• Discharge of Mr. Klaus Mühleder as a member of the Supervisory Board and appointment of Mr. Christoph Wolf and Mr. Ofer Yehudai as members of the Board;
• Approval of the audited annual financial statements of the Company, the activity report for the year ended 2008, the decision for distribution of the profits of the company for covering losses of previous years and the decision for the distribution of the dividends to the shareholders;
• Approval of the audited annual financial statements of the GPF, PPF and VPF managed by PAC Doverie and the respective reports on the management of the said pension funds for 2008;
• Appointment of a special auditing company for the year 2009 as recommended by the Audit Committee;
• Discharge from liability of the members of the Supervisory Board and the Board of Directors of the Company in respect of their activity during the year 2008.