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Bulgarian Energy Holding EAD selected ING Bank NV - Sofia Branch as a contractor for issuing a bank guarantee securing the liability for payment of 2/3 of the fine imposed by the European Commission on BEH Group under Case AT 39849 BEH-Gas

On March 8, 2019, as a result of a procedure for selection of a credit institution to issue a bank guarantee securing the liability for payment of 2/3 of the fine imposed by the European Commission on BEH Group under Case AT.39849 BEH-Gas, ING Bank NV - Sofia Branch, was chosen as a contractor. The bank will provide a bank guarantee securing the obligations of Bulgarian Energy Holding EAD and its subsidiary Bulgargaz EAD of the imposed fine. The procedure was conducted in accordance with the Rules for the Selection of a Contractor for the Provision of Financial Services by Financial or Credit Institutions (Annex 3) to Article 13b of the Regulation for the Order of Exercising the Rights of the State in Commercial Companies with State Ownership in the Capital and in compliance with the requirements of the European Commission.

Negotiations between Bulgarian Energy Holding EAD and ING Bank NV - Sofia Branch with regard to the specification of the terms of the contract for issuing a bank guarantee are pending.

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