Stara Planina Hold starts the procedure for buyback of own shares

In pursuance of Art. 187b of the Commerce Act and of Art. 111 (5) & (6) of the POSA and in compliance with a decision taken by the General Meeting of the company on 15.07.2008, the Board of Directors announces herewith the start of the procedure for buyback of own shares under the following parameters:
1. Number of shares to be bought back: Up to 0.5% of the company’s capital i.e. up to 105,000 shares
2. The redemption will start on 15.10.2008.
3. Minimal buy back price: BGN 2.15
4. Maximal buy back price: BGN 2.80
5. Redemption period, including payment of the shares bought back: Sixty (60) calendar days as of 15.10.2008
6. If the maximum of 105,000 shares is bought back ahead of schedule, the procedure will be terminated and considered a success, otherwise the Board of Directors may decide to extent the redemption period at its own discretion.
Licensed investment intermediary, who will perform the buy-back procedure: CB International Asset Bank.