The shareholders of Bulgarian River Shipping decided to increase the company’s capital from the current 1.158 mln leva to 28.959 mln leva via the issuance of 27.8 mln new shares with a face value of 1.00 lev each using own funds.

Thus each shareholder will receive 24 shares for free.

The last date for for transacting shares of the company on the BSE-Sofia, as a result of which the holder will be entitled to exercise their voting right at the general meeting, is 1 June
2007.

Bulgarian River Shipping posted a profit of 1.33 mln leva in the first quarter of 2007 versus a loss of 296,000 leva a year ago.

Early today 85 shares of Bulgarian River Shipping changed hands at 190.00 – 193.00 leva/share.