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") announces that on July 21, 2011 the Sofia City Court pronounced a decision on the case brought against the Company by Investment Company “CAPMAN CAPITAL" AD, a bondholder of corporate bond issue with ISIN code: BG2100019079, issued by “INTERCAPITAL PROPERTY DEVELOPMENT" ADSIC in 2007. The Court rejected entirely the claim of Investment Company “CAPMAN CAPITAL" AD for proclaiming void, respectively annulment of the decision of the extraordinary General Meeting of the bondholders of the issue, held on 06.08.2010. Thus the Court confirmed the legality of the decision of the General Meeting of the bondholders, with which the terms and the conditions for repayment of the obligations on the bond loan were renegotiated.

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