Bulgarian American Credit Bank : Decisions of the General Meeting of the Shareholders of BACB

On 15 June 2018 the Annual General Meeting of the Shareholders of the 'Bulgarian-American Credit Bank' took place.

The General Meeting of the Shareholders:

1. Approved the (1) the Audited BACB Annual Consolidated Financial Statements for 2017 and the Annual Consolidated Management Report of BACB for 2017 and (2) the Audited BACB Annual Financial Statements for 2017 and the Annual Management Report of BACB for 2017

2. Approved changes to the BACB Audit Committee membership, as follows:

• of the Audit Committee and Mr. Serge Lioutyi was appointed as a new Audit Committee member, with term of office till 10 May 2019.
• After the relieving of office of Mr. Jason Lyle Cook and the appointment of Mr. Serge Liuotyi, the BACB Audit Committee shall consist of three members with term of office till 10 May 2019, as follows:
  Mr. Martin Boychev Ganev, Chairman of the Audit Committee
  Mr. Serge Liuotyi, member of the Audit Committee;
  Ms. Rayka Ontsova, member of the Audit Committee;

3. Adopted a decision for approval of amendments and supplements to the BACB By-laws, as well as decisions under the rest of the prior announced agenda;

Further information for the decisions taken shall be included in the Minutes of the meeting which shall be disclosed within the regulatory deadline.

The amended and supplemented BACB By-laws shall be published in the Commercial Register after granting the necessary approval by BNB. BACB shall undertake the necessary actions for the granting of the necessary approval and following publishing of the amended By-laws in the Commercial Register.