At the General Meeting of Shareholders of Euroterra Bulgaria AD-Sofia, BSE code – TERRA, held on 29.06.2007

At the General Meeting of Shareholders of Euroterra Bulgaria AD-Sofia, BSE code – TERRA, held on 29.06.2007, the following decisions have been taken:

– Changes within the management bodies of the company:

Discharge of Rumen Georgiev Nikolov from the Board of Directors
Election of Angelos Parashakis as an independent member of the Board of Directors for a manadate of five (5) years

– Amendments to the Statute of the company

– Authorisation of the Board of Directors to make deals pursuant to Art. 114 of the POSA