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Maritime transport

Privat Engineering EAD (s)

The company was incorporated in 1998 with basic scope of activity including engineering in the country and abroad, licenses, know-how, technology transfer, home and foreign trade as well as any other activity not prohibited by law. The key activities carried out by the company are insurance and reinsurance intermediation and consulting services. Since June 2000, Privat Engineering EAD has been offering insurance and reinsurance intermediation. The company has a license to operate as insurance broker No 75/30 May 2000. In February 2006, Privat Engineering EAD started investments in building ships. Now the Company through its subsidiaries owns one 9,800-ton multi-purpose ships, intended for unrestricted region of navigation and shipping of bulk cargo and containers and two 21,000-ton multi-purpose ships, intended for unrestricted region of navigation and shipping of bulk cargo. In December 2007, Privat Engineering invested in shares of a company named IHB Shipping Co EAD (ss), Varna, having scope of activity including commercial maritime navigation and related production and technical, forwarding and intermediation activities, ship brokerage and agency, etc. It manages the ships owned by the IHB Group companies. Privat Engineering holds 100% of the capitals of its subsidiaries Emona Ltd, Karvuna Ltd, Tirista Ltd and IHB Shipping Co EAD.

Contacts

37A, Fridtjof Nansen str., 1142 Sofia, Bulgaria

tel.: + 359 (0) 2 980 71 01; fax: + 359 (0) 2 980 70 72

e-mail: office@ihbshipping.com

KLVK AD (s)

The company was incorporated in 2001 with basic scope of activity including commercial and production activities, purchase and production of goods for resale/sale, representation and agency, foreign economic activities, marketing, investment and design activities as well as any other activity not prohibited by law. KLVK AD holds 100% of the capitals of its subsidiaries Odriya Ltd and Serdika Ltd. Through its subsidiaries KLVK AD owns 2 ships: 57,000 DWT for the carriage of bulk cargo with unlimited navigation area, built under license from IHI MU Japan. KLVK AD holds 97.96% of the capital of Bulport Logistics AD, and together with International Industrial Holding Bulgaria AG, KLVK AD controls 100% of Bulport Logistics AD.

Contacts

Executive Director: Galina Deneva

37A, Fridtjof Nansen str., 1142 Sofia, Bulgaria

tel.: + 359 (0) 2 980 71 01; fax: + 359 (0) 2 980 70 72

e-mail: office@bulgariaholding.com

IHB Shipping Co

Contacts

Executive Directors: Plamen Dimitrov

South Industrial Zone, Business centre „BULPORT“, 9000 Varna, Bulgaria.

tel.: + 359 (0) 52 602 855; fax: + 359 (0) 52 606 601

e-mail: office@ihbshipping.com