EUROHOLD BULGARIA

INTERIM CONDENSED

INDIVIDUAL REPORT

31 DECEMBER 2022

TABLE OF CONTENTS

1

Interim condensed individual

activity report as at 31 December 2022

Operational review Significant events Activity results Review of the main risks

Events after the date of the reporting period Concluded significant transactions with related parties

2

Interim condensed individual financial statement as at 31 December 2022

Interim condensed individual statement of profit or loss and other comprehensive income

Interim condensed individual statement of financial position

Interim condensed individual cash flow statement

Interim condensed individual statement of changes in equity

3

Notes to the interim condensed individual financial statements

4

Internal information

5

Additional information

6

Appendix 4

7

Declaration of responsible persons

ABOUT THIS REPORT

The interim individual financial statements of Eurohold Bulgaria AD (Eurohold, Company, Holding) have been prepared in accordance with applicable accounting standards and give a true and fair view of the assets, liabilities, financial position and results of the Company.

Further information about Eurohold Bulgaria can be found on our website www.eurohold.bg

Eurohold Bulgaria plc also prepares a consolidated annual report including the results of the parent company, subsidiaries and associates.

In order to obtain a complete view of the financial position of the Eurohold Group, users of this interim condensed separate report should read it together with the consolidated report of the Eurohold Group as at the same reporting period

Eurohold Bulgaria AD

1

Interim condensed individual activity report - 31 December 2022

Activity report

OPERATIONAL REVIEW

BUSINESS ACCENTS

Eurohold Bulgaria AD,

  • is a leading independent business group in Central and Southeastern Europe (SEE) with leading positions in the insurance and energy businesses
  • has a principal activity relating to the creation, acquisition and management of participations and the financing of related undertakings
  • is the owner of the largest independent insurance group in SEE by gross premium income - Euroins Insurance Group
  • owns a large energy group in Bulgaria - the Electrohold group
  • has an experienced management team
  • has a high level of corporate governance in line with best practice
  • is a public joint-stock company within the meaning of the Public Offering of Securities Act (POSA), the company's shares are registered for trading on:
    • Bulgarian Stock Exchange (BSE) - stock code EUBG
    • Warsaw Stock Exchage (WSE) - with stock code EHG

BUSINESS SEGMENTS - to 31 December 2022

  • Insured
  • Energetics
  • Investment brokerage and asset management

БИЗНЕС ОПЕРАЦИИ

  • 4 subsidiaries
  • 2 dedicated energy business development companies
  • 18 operating companies
  • 1 associated company
  • 13 countries in Europe
  • 9 400 shareholders
  • 26 years of history

BUSINESS ASSETS

  • Euroins Insurance Group
    CEE and SEE insurer with leading positions in Romania and Bulgaria.
    Active operations in 9 markets in Europe.
  • Eastern European Electric Company II B.V. - Energy Group
    Company uniting the energy companies acquired in 2021.
  • Euro-Finance- investment intermediation and asset management
    Market turnover leader on the Bulgarian Stock
    Exchange, Member of Deutsche Börse Group.
    More than 20 years of experience.

4

Activity report

MAIN ACTIVITY

Eurohold Bulgaria AD is a holding company primarily engaged in financial activities related to the acquisition, sale and management of interests and financing of related companies.

The Company does not engage in any activities subject to special permitting regimes requiring patents, licenses or other authorizations from regulatory authorities.

In order to optimize management, business processes and fixed costs, the Company has structured its businesses into subholding structures depending on the sector in which they operate. Eurohold Bulgaria AD together with its subsidiary subholding companies and their operating companies form an economic group, the Eurohold Group.

Eurohold manages and supports the business of its economic group through its strategy, risk, financing of affiliates, control, communication, legal advice, human resources, information systems and technology and other functions.

ЕCONOMIC GROUP

The organizational structure of Eurohold is on three levels: parent company, subsidiaries and operating companies. Each of the three levels has its specific functions, business activities and objectives.

Subsidiaries are holding structures that bring together Eurohold Bulgaria's investments in the Insurance, Energy (with operations from the end of July 2021), Automotive Sales, Leasing, Investment Brokerage and Asset Management sectors and "Investment Intermediation and Asset Management".

Until 30.06.2022, the Eurohold group also operated in the "Automotive" and "Leasing" sectors.

As of the date of this report (after the sale of the automobile and leasing business on 30.06.2022), Eurohold Bulgaria has participations in 25 companies

direct participation

  • 4 subsidiaries

indirect participation

  • 2 dedicated energy business development companies
  • 18 operating companies
  • 1 associated company

ASSIGNED CREDIT RATINGS

Eurohold Issuer Default Rating "B" Outlook: stable

Eurohold Long-term:BBB- Outlook: stable Short-term: A-3

bonds issues Long-term:BBB- Outlook: stable Short-term: A-3

5

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Eurohold Bulgaria AD Sofia published this content on 30 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 January 2023 17:23:10 UTC.