Intercapital Property Development ADSIC, a company incorporated and conducting business in the Republic of Bulgaria, registered with the Commercial Registry by the Bulgarian Registration Agency under number EIK 131397743, having its seat and registered address in Sofia, 7a Aksakov Street, floor 4 (hereinafter referred to as "ICPD") reports that on June 25, 2011 the invitation for convocation of the Regular Annual General Meeting of the Company's shareholders was announced in the Commercial Registry by the Bulgarian Registration Agency. Thereby the Company complied with the requirement of Art. 115, para 4 of the Bulgarian Law on the Public Offering of Securities for announcement of the invitation for the General Meeting in the Commercial Registry at least within a 30-day period before the date of the Meeting.