Capital Measures – Year 2020

PRESENTATION OF PROSPECTUS FOR INITIAL PUBLIC OFFERING OF 3 000 000 SHARES OF ALLTERCO JSCo

In accordance with Art. 21., para. 1 in relation to Art. 3, para. 1 of the Regulation (EC) 2017/1129, herewith we present the Prospectus for Initial Public Offering of 3 000 000 ordinary, dematerialized, registered, freely transferable shares of ALLTERCO JSCo with par value BGN 1,00 (one leva) each and issue price BGN 3,00 (three leva), with ISIN код BG1100003166 (the Prospectus) together in all its parts and supplements.

In accordance with Art. 23, para. 1 of the Regulation (EC) 2017/1129 in relation to Art. 42 of Commission Delegated Regulation (EU) 2019/980, in relation to new circumstances occurred after the date of approval of the Prospectus, the following supplements were prepared thereto:

Supplement, confirmed with Decision № 405-E dated 11.06.2020 of the Financial Supervision Commission;

Supplement, confirmed with Decision № 601-E dated 13.08.2020 of the Financial Supervision Commission;

Supplement, confirmed with Decision № 791-E dated 29.10.2020 of the Financial Supervision Commission;

The investors who has subscribed shares by the date of publishing of Supplement 3 to the Prospectus (30.10.2020) have the right of withdrawal pursuant to Art. 23, para. 2 of the Regulation (EC) 2017/1129, which they can exercise under the conditions set in the said Supplement.

Warnings to the investors:

This Prospectus is valid for a term until 18 February 2021, unless it was supplemented by one or more supplements thereto, in case this is in compliance with the provisions of the applicable law. The potential investors in shares of Allterco JSCo subject to the Prospectus, shall consider, that according to the requirements of the applicable law the obligation for preparation of supplement to prospectus shall not apply in case of new significant circumstances, material errors or material inconsistencies in the Prospectus, if the Prospectus is not valid any more.

The Prospectus and the Supplement thereto contain hyperlinks to webpages, containing sources of information, which has been used by their preparation. However, the information available on these websites, unless incorporated by reference in the Prospectus and its Supplement, is not part of them and has therefore not been verified or approved by the Financial Supervision Commission, including in the framework of the procedure for approval of the Prospectus and the Supplement thereto.

The potential investors in the shares subject to the Prospectus published here should take into account that the initial public offering of shares takes place in the territories of the Republic of Bulgaria, the Federal Republic of Germany and the Italian Republic, based on explicit notification to ESMA and the competent authorities in those countries. in accordance with Article 25 of Regulation (EU) 2017/1129.

The public offering will not take place in any other country, including a Member State of the European Union or a country of the European Economic Area or a third country, whereas in case the initial public offering of the shares is successfully completed under the conditions set out in the Prospectus, the shares will be subject to admission to trading only on the Bulgarian Stock Exchange AD, but not on another regulated securities market organized in any other country than the Republic of Bulgaria.

In this regard, the publication of the Prospectus and the supplement thereto are not intended and should not be considered as any form of public offering or undertaking to apply for admission of shares subject to the Prospectus in any other a country other than the Republic of Bulgaria.

The beginning of the public offering, which will be carried out on the basis of the thus published Prospectus and the Supplement thereto, will be determined in accordance with Art. 92a, para. 3 of POSA – from the publication of a deliberate announcement for the public offering under Art. 92a of POSA, which will follow the publication of the prospectus.