The Company

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Dear Partners,

It is my pleasure to introduce you to AG Capital, the Balkan Property Business Group and bring you up-to date on the progress we are making.

To successfully maximise the opportunities available on the Balkan market we have implemented business models and best practice techniques used across a range of developed markets. We have also partnered with leading companies to establish joint ventures, exchange ‘know-how’ and form associate offices.

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Christo Iliev

AG Capital’s success is the result of our visionary approach and professionalism. More than 1000 motivated and skilled professionals are dedicated to delivering quality service within the Group of AG Capital and work across a complete breadth of real estate related activities.

I founded Address 16 years ago as a small real estate agency and today it is the largest real estate company in Bulgaria and the heart of our Group. I was honoured to have Address declared Superbrand for 2006 and 2007 in its area and Business Superbrand for 2008.

Strategic partnerships have been developed in commercial advisory (Cushman & Wakefield), luxury properties (Christies’ Great Estates), insurance (April Group) and mortgage lending services. The AG Capital team has the support of major institutional investors in Bulgarian Land Development PLC, a development company listed on the AIM market of the London Stock Exchange.

Together with our partners, we continue to grow stronger and we look forward to announcing further projects over the next year.

Tomorrow’s world is full of opportunities.

Yours faithfully,

Christo Iliev

MRICS, Executive Chairman AG Capital