The Financial Supervision Commission took the following decision at its meeting held on December, 29 2004.

The Commission approved prospectus for secondary public offering of bonds issued by Texim AD, Sofia. The bonds issue has the following characteristics:

The Commission approved prospectus for secondary public offering of bonds issued by “ProCredit Bank” AD, Sofia. The bonds issue has the following characteristics:

The FSC issued a license to “ERG Capital – 1” for operation as a company with special investment purposes: securitization of property

FSC approved a prospectus for initial public offering of shares issued by investment company “OBB Balanced Fund” AD, Sofia. The share issue has the following characteristics:

FSC registers with its register of public companies and other issuers the following issues of securities:

Prospectus for initial public offering of shares issued by investment company “KD Pelican” has been approved

Interlogic – imoti AD registered with the Commission as a public company

New Instructions for the implementation of art.176 and the subsequent ones from the Social Insurance Code

New Instructions for interpretation and implementation of art. 178, para 3 and art.249 and the subsequent ones from chapter 25 as per art.178, para 2 from the Social Insurance Code