On 28th November, 2008 the Management Board of Euroins Insurance plc convenes an extraordinary General meeting of the shareholders, where were voted a decision for equity increase. New 2 499 998 shares will be issued with par value of BGN 4 each. The shareholders of the company will have the right to subscribe 1 new share for 4 outstanding shares. Full subscription of the new issue the company’s equity will grow by BGN 10 million, which represent an increase of about 50% compared to the present equity of BGN 21 million.

The majority shareholder Euroins Insurance Group (EIG) which possesses 70% of Euroins Insurance plc intends to subscribe shares against all its rights arising from the equity increase.

The General meeting of the shareholders were voted also a change in the organization’s statutes under which the company’s Management board will have the right to decide for equity increase of Euroins Insurance plc up to the amount of BGN 100 million.

The General meeting of the shareholders of Euroins Insurance plc has approved an Auditing committee on the grounds of the Independent Financial Audit Act according to the shareholders’ proposals. For the Auditing committee’s members were elected Mrs. Violeta Darakova, Chairman of the Supervisory Board of the company; Mr. Georgi Denkov, Deputy Chairman of the Supervisory Board and Mr. Hristo Tzenev, independent.