Decision of the Board of Directors of Monbat AD

Corporate
January 21, 2021

Yesterday, 20.01.2021, was held a session of the Board of Directors of Monbat AD, on which decisions were taken on the following:

1. The Board of Directors accepts the Management contract concluded with Dimitar Kostadinov by virtue of which he has been elected as an executive member of the Board of Directors, to be terminated by mutual consent.

2. According to Article 116c (10) of the POSA the Board of Directors releases Dimitar Kostadinov of his responsibility for the period in which he was a procurator of the Company.

3. The Board of Directors appoints Chavdar Dochev Danev as an executive member of the Board of Directors and assigns Petar Hristov Petrov - a member of the board of Directors, to conclude a management contract with the new executive director of the company - Chavdar Danev.