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Alexander Prokopiev, Chairman of the Managing Board and a Chief Executive Officer

Mr. Prokopiev has occupied the position of a Chairman of the Managing Board of Kaolin AD and a Chief Executive Officer since January 2006. Since then he has been the Company’s Chief Executive Officer, appointed to this position as of April2000. From August 1998 to January 2000 he was a Regional Representative of “Betonit”, Kardjali for North Bulgaria, and from August 1996 to July 1998 he has been an officer in the National Security system. Before that he worked as a state official in the field of the international hunting tourism (1992-1996). Mr. Prokopiev has a Master’s Degree in engineering and forestry and has graduated from the Higher University of Forestry in Sofia.