Energoremont Holding (

) is appointing a general meeting of shareholders 17 September 2007 to vote the issuance of an emission of bonds with a maximum face value of up to 50 mln leva (25.564 mln euros), or its equivalent in other currency, as well as to authorize the management board to take the necessary steps in pursuance to art.196 of the Commercial Law.
The GM will first vote amendments to the statute, including to art.20, part 2., which will be valid for a term of 5 years after their registration by the court. The management board will be able to issue bonds with a maximum face value of up to 50 mln leva (25.564 mln euros), or the equivalent in another currency.

Shareholders are expected to change the company's management structure from a 1-level one to two-level one, i. e. there will be both a Supervisory Board and a Management Boad.

Shareholders will vote the election of Dimitar Beleliev, Milan Gornichev and Valentin Dimitrov as members of the Supervisory Board.

In case no quorum is present at the meeting, it will be adjourned to 1 October, 11.00h, same venue and same agenda.

The final date for transacting the shares of the company as a result of which the holder will be able to vote at the upcoming GM, is 30 August 2007.

We remind that the company increased capital from 349,340 leva (178,614 euros) to 3 842 740 leva (1.964 mln euros) by issuing 3 493 400 new registered, paperless, non-privillege, voting shares with a face value of 1 lev.The emission has not yet been floated on the BSE.

Main shareholders are Millenia 77 with 33.46% of the capital, Conventional Energy Systems AD with 32.39%, and Bulgarian Energetics with 31.73%.