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