Yuri Gagarin Plc News

Conclusion of a bank-loan contract

02.10.2008

The Board of Directors of Yuri Gagarin Plc notifies the shareholders and the persons concerned for the conclusion of a bank loan contract with First Investment Bank to the amount of EUR 1500 thousand for working capital with the purpose of carrying out the companys development program under the following terms: • interest rate: BIR + 3.41 % • maturity – 3 years • collateral: a registered pledge contract over a fixed tangible asset of the company.

Publication of the 15 Jul 2008 AGM decisions in the Commercial Register

05.08.2008

The companys Annual Financial Statements for 2007 along with the Auditors Report, the Annual Activity Report for 2007, the amendments and supplements in the Articles of Association and the changes in the composition of the Board of Directors are entered in the Commercial Register on the account of the company under # 20080731180628 # 20080731163747

Announcement of Results for Q2 2008

22.07.2008

On 22 July 2008 Yuri Gagarin Plc submitted its Q2 2008 financial report to the public, Financial Supervision Commission and Bulgarian Stock Exchange – Sofia AD. The report is published on web site of the company under the “Interim Reports” section.

Suspension of 2002 dividend payment

07.07.2008

By virtue of article 110 of the Law on Obligations and Contracts, because of expiry of the 5 year prescription period, the Board of Directors decided to suspend dividend payments for 2002, as of 11 Aug 2008. The amount outstanding as of that date shall remain in favour of the company.

Reshuffling the management structure of the company

07.07.2008

By Minutes taken on a regular session, the Board of Directors of Yuri Gagarin Plc decided to close down the company Security Unit of and to enter into an agreement with a licensed security firm.

Traditional meeting

08.02.2008

On 7 and 8 February 2008 in spa complex “Hissar”, in the town of Hissar, a third, becoming traditional now, meeting was held between the managerial team of “Plovdiv – Yuri Gagarin BT” Plc and partners and customers of the Company from different areas of industry.