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Bulgarian Energy Holding EAD (BEH) placed its third Eurobond issue in the amount of EUR 400 million to be listed on the Irish Stock Exchange (trading as Euronext Dublin)

On 21.06.2018 Bulgarian Energy Holding EAD (BEH) placed its third Eurobond issue in the amount of EUR 400 million to be listed on the Irish Stock Exchange (trading as Euronext Dublin).

In the period 18th- 20th June representatives of the Company and the Ministry of Energy held intensive meetings with investors in London, Vienna, Frankfurt and Munich.

In the conditions of challenging financial markets BEH is the first corporate issuer in the market from the Central and Eastern Europe region since the beginning of May 2018. BEH successfully placed a bond issue in the amount of EUR 400 million at an annual interest rate of 3.5%. The interest rate achieved is the lowest one since the company has been participating in the international financial markets. BEH achieved a maturity of the Eurobond of 7 years, the longest attained so far. In this way the company will further spread its interest costs over a longer period of time.

The proceeds raised from the issuance will be used to refinance the Eurobond issued by BEH in 2013 which matures in November 2018.

PRESS CENTRE OF BULGARIAN ENERGY HOLDING EAD

These materials are not an offer of securities for sale in the United States.  The securities to which these materials relate have not been registered under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act.  There will be no public offering of the securities in the United States.

This document is being distributed to and is only directed at (i) persons who are outside the Republic of Bulgaria or, (ii) to professional clients falling within the Schedule to §  1, item 10 of the Bulgarian Financial Instruments Markets Act, together being referred to as “relevant persons”). Any invitation, offer or agreement to subscribe, purchase or otherwise acquire securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

This document is being distributed to and is only directed at (i) persons who are outside the United Kingdom, (ii) to investment professionals falling within Article 19(1) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”), (iii) high net worth companies, and (iv) other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons in (i) to (iv) above together being referred to as “relevant persons”). Any invitation, offer or agreement to subscribe, purchase or otherwise acquire securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

This is an advertisement and not a prospectus for the purposes of EU Directive 2003/71/EC, as amended (the “Directive”) and/or Part IV of the Financial Services and Markets Act 2000. A prospectus has been prepared and made available in accordance with the Directive. Investors should not subscribe for any securities referred to in this advertisement except on the basis of information contained in the prospectus. Investors may obtain a copy of the prospectus on the website of Euronext Dublin.

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