General Asssembly of Shareholders - 18.06.2014

General Assembly of Advance Equity Holding's Shareholders was held on the 18th of June 2014.

New Board of Directors was elected as follows:

• CEO - Peter Balnikov;
• Chairman of the BoD - Stanislava Dimova;

Mr. Boyan Ivanov continues to be a member of the Board since he was elected to that post in 2010.

Changes in the management bodies of Advance Equity Holding's subsidiaries

• Advance Energy - Peter Yuliyanov Balnikov replaces Ventseslav Stoyanov Petrov as a managing director.

• Effect Energy - Peter Yuliyanov Balnikov and Petya Petkova Stanisheva replace Ventseslav Stoyanov Petrov and Ivan Hristov Tishanski as members of the Board of Directors of the company.

• SEP Bulgaria - Emil Ivanov Dautov and Peter Yuliyanov Balnikov replace Ventseslav Stoyanov Petrov and Borislav Petkov Vitanov as members of the Board of Directors. Former member of the Board Vanya Ganeva was elected CEO.

• Energy Invest - Petya Petkova Stanisheva and Peter Yuliyanov Balnikov replace Advance Equity Holding and Ventseslav Stoyanov Petrov as members of the Board of Directors. The company will be represented in the future by Hristo Mihaylov Vulev.

• SEP Service - Emil Ivanov Dautov and Peter Yuliyanov Balnikov replace Ventseslav Stoyanov Petrov and Yordan Angelov Angelov as members of the Board of Directors. The company will be represented in the future by the Executive Director Vania Dimitrova Ganeva.

• InterSol - Peter Yuliyanov Balnikov replaces Ventseslav Stoyanov Petrov as member of the Board of Directors.