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Results from Kaolin AD’s IPO

The results from the respective stage of the book-building procedure connected with the public offering of shares of Kaolin AD are as follows:

   1. Set price on Offering (issuance value) – BGN 13.50;
   2. Number of shares distributed – 4,580,620 pieces;
   3. Total value of the shares applied for – exceeding BGN 200,000,000.

The leading manager – Bulbank AD – and Kaolin AD continue with the implementation of the procedure as per what is provided for under the Public Offering Prospectus, and the investors shall be duly notified pursuant to the procedure stipulated therein.