Deal of a subsidiary of IHB in accordance with Art. 114, 3 of POSA

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"KARVUNA Ltd.", Republic of Marshall Islands, which company is solely owned by Privat Engineering EAD, a 100% subsidiary of "Industrial Holding Bulgaria" PLC, in order to secure its obligations under previously concluded contracts, has established a first priority maritime mortgage in benefit of Privat Engineering EAD and a second priority maritime mortgage in benefit of Industrial Holding Bulgaria PLC on its tangible asset - motor vessel (m/v) KARVUNA, flying under IMO № 9468619, registered in the port of Valletta, Malta.

The subsidiary company has got a permission for the establishment of the mortgages form the Managment Board of Industrial Holding Bulgaria PLC in accordance with the requirements of Art. 114, 3 and Art. 114a, 3 of the Public Offering of Securities Act.

The Financial Supervision Commission is informed in accordance with the requirements of Art. 114a, 3 of POSA.