We hereby notify you that on March 31, 2026, the Supervisory Board of Bulgarian-American Credit Bank adopted a resolution to change the membership and the composition of the BACB Management Board, dismissing Mr. Ilian Petrov Georgiev as a member of the Management Board and Chief Executive Officer of Bulgarian-American Credit Bank, effective as of April 1, 2026.

In accordance with the Supervisory Board decision and the applicable provisions of the Credit Institutions Act and the Commercial Act, Bulgarian-American Credit Bank will submit an application to the Commercial Register and the Register of Non-Profit Legal Entities of the relevant changes in the membership and the composition of the BACB Management Board and the persons authorized to represent BACB.

Mr. Ilian Petrov Georgiev has been relieved of his duties as a member of the Management Board and Executive Director of Tokuda Bank - a wholly owned subsidiary of BACB, for which a merger procedure with BACB is currently being prepared.