Ladies and Gentlemen,
Clients and Partners,

An agreement has been reached between Bulgarian-American Credit Bank (BACB) as purchaser, and Tokushukai Incorporated, a company incorporated under the laws of Japan with company number 0100-01-066799, as seller, for the purchase of 6,796,250 book-entry registered voting shares with face value of BGN 10,00 each (the "Shares"), representing 99.94% of the capital of Tokuda Bank AD, UIC 813155318, with headquarters and registered address at. 1000, Sofia, Bulgaria, Vazrazhdane district, 21 George Washington Street (Tokuda Bank)

The acquisition of the Shares is conditional upon receipt of all necessary regulatory approvals/clearances from the competent authorities.