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 the grounds of a decision of the regular annual General Meeting of the shareholders, held on 29.07.2011 and with entry number 20110810152647 in the electronic file of the Company in the Commercial Registry by the Bulgarian Registration Agency, Rossitza Milkova Lissitchkova and Ivajlo Krastev Kostov were released as former members of the Board of Directors. Tsvetelina Chavdarova Hristova was registered as a new member of the Board of Directors.

Legal Basis: § 17 Section 3 of the Alternative Trading System Rules NewConnect