On 27 November 2007, the successful increase of the capital of the company was accompished with the following parameters:

• number of shares that were publicly offered: 10 939 282;
• net value: 1,25 BGN;
• par value: 1,00 лв.;
• rights number: 5 469 641;
• rights/share ratio: 1/2;
• number of shares paid: 7 548 248
• sum collected in the bank account: 9 435 310 BGN.

On 26 November 2007, Bulland Investments signed a pre-contract for the sale of 107 unconsolidated properties - agricultural land in Tvarditza, Sliven Municipality. The total area of the properties is 473 deka with a price of 300 BGN per deka. The buyer has paid a deposit equal to 10% of the sale price. The real contract will be signed up to one month after the pre-constract. The properties were acquired by Bulland Investments two years ago for a price of 159,56 BGN per deka including all costs. The realized margin on the sale (the difference betweent the sale and acquisition prices with all costs included) is 88 %.

On 12 November 2007, an auction for the rights to the capital increase of Bulland Investments will be held. It will be in accordance with Article 112B, Paragraph 7 of the Public Offering of Securities Act. 1 621 514 rights will be offered at the auction. No shares have been signed for these rights.

The capital of the company was increased according to the following parameters:

• number of shares before the increase: 5 469 641
• number of rights issued: 5 469 641
• number of shares that were proposed for signing: 10 939 282
• issued rights/new shares ratio: 1/2
• every person can sign at least one new share and at most the number of shares equal to the rights he owned multiplied by 2
• the capital will be increased only if more than 1 000 000 new shares are issued and paid for
• the code for the newly issued rights is: R4LAND
• par value: 1.00 BGN
• issuing value: 1.25 BGN
• date of the first trading of the rights on the stock exchange: 19 October 2007
• date of the last trading of the rights on the stock exchange: 1 November 2007
• date of the first rights transaction: 19 October 2007
• date of the last rights transaction: 5 November 2007
• auction date in accordance with Article 112B, Paragraph 7 of the Public Offering of Securities Act: 12 November 2007
• date of the first signing of shares: 19 October 2007
• date of the last signing of shares: 27 November 2007
• member of the stock exchange authorized to service the capital increase: IP Evro Finans AD
• bank, in which a collecting account will be opened: TB UniCredit Bulbank AD
• only the shareholders that have acquired shares up to 7 days after publishing the decision in Darzhaven Vestnik (i.e. up to 16 October 2007) are eligible to participate in the capital increase
• the last date for transactions of shares of the company on the stock exchange that give the holder the right to participate in the capital increase is 12 October 2007.

A decision to increase the capital of the company was made at the Board of Directors meeting on 8 August 2007, as follows:

• number of shares before the increase: 5 469 641;
• number of rights issued: 5 469 641;
• number of shares that were proposed for signing: 10 939 282;
• issued rights/new shares ratio: 1/2;
• every person can sign at least one new share and at most the number of shares equal to the rights he owns multiplied by 2
• the capital will be increased only if more than 1 000 000 new shares are issued and paid for
• par value: 1.00 BGN;
• issuing value: 1.25 BGN;
• member of the stock exchange authorized to service the capital increase: IP Evro Finans AD;
• Only the shareholders that have acquired shares up to 7 days after publishing the decision in Darzhaven Vestnik are eligible to participate in the capital increase.