General Meeting of Shareholders

The General Meeting of Shareholders held on 27th of February 2007 took the following decisions:

Accepted the Annual Report of the Managing Board of First Investment Bank for its activities in 2006 as well as the audited financial statements of the Bank for 2006.

Capitalized the profit of the Bank and allocate it to retained earnings.

Released Mr. David Matthew and Mr. Stefan Pinter as members of the Supervisory Board of First Investment Bank and elected Mr. Nedelcho Nedelchev and Mr. Kaloyan Ninov as the new members of the Supervisory Board of FIBank.

To change the status of the Bank to a public company in accordance with the provisions of the Public Offering of Securities Act by increasing its capital through an initial public offering of shares and to register its shares for trading on the Bulgarian Stock Exchange - Sofia AD.