Trace Group Hold PLC doubles its manufacturing capacity

18.01.2008

The bases are with capacity from 150 to 180 tons per hour; the Holding is thereby doubles its manufacturing capacity. The facilities are of module type - they could be disassembled, moved and reassembled in new area within 45 days.

This is the first of a series of deals for acquiring new equipment as part of investment programme, part of which is being financed by publicly offered shares of the holding.

At the end of 2007, companies of the Trace Group Hold PLC structure commence eight new facilities totalling above 45.2 million Bulgarian Leva.

Trace Group Hold purchases 27 pieces of machinery totalling ˆ2.2 million

24.01.2008

Supplier under this contract is Wirtgen Bulgaria EOOD.

Trace Group Hold will impose sanctions to the managerial team of Mostinjenering JSC

09.01.2008

The management of Trace Group Hold, having studied situation in detail, is of opinion that, despite overwhelming difficulties, it was possible extraordinary measures to be employed and mobilise additional resources for the purposes of dealing with the crisis in shorter terms. In view of that, a decision was drawn to sanction the managerial team of the company and managers of snow cleaning on the aforementioned road segment by last notice for firing, one month salary and exemption of additional payments for three months.

Presently some companies (PSI JSC, Rodopa Trace EOOD, PSF-Mostinjenering JSC and Stroyinjenering EOOD) implement contracts for winter maintenance. Total length of roads maintained of Holding's subsidiary companies is above 1,600 kilometres which equals to almost ten percent of total country road network. In the scope of contract re mountain passes Hainboaz and Shipka as well as major and secondary roads on the territory of Gurkovo, Kazanlak, Chirpan, Devin, Yambol, Straldzha, Kardjali, Momchilgrad and Ardino.

The total price of all aforementioned contract is about 2.5 million Bulgarian Leva. Related to consolidated income out of sales of Trace Group Hold PLC for the last year (111.9 Million Bulgarian Leva), this represents some 2.14 percent of group activity.

PSF-Mostinjenering JSC - Yambol maintains some 389 kilometres of roads out of which 232 kilometres are on Yambol Road Regional Agency and some 157 kilometres fall on the Straldzha Road Regional Agency territory. In the Straldzha Road Regional Agency territory falls section of main road I-6 in the area of Petolachkata with length of 7.1 kilometres.

Due to the extremely bad coincidence of circumstances (hurricane winds, snow whirl, lacking experience and discipline of machinists, underestimation of situation), said section has been blocked by unmoving vehicles and snow-cleaning machinery for almost 24 hours of the night facing 3 January 2008.

It was announced yesterday by the National Road Infrastructure Fund that the contract with Mostinjenering JSC will be dumped and the company will be fined in amount of 20 percent of the monthly payment for winter maintenance of the road section in the area of Petolachkata.

The Court of Law has registered a subsidiary company of Trace Group Hold PLC in Kardjali

28.12.2007

Enlisted capital of Trace Kardjali is 50,000 BGN which were duly subscribed and distributed in 50,000 named shares each being of 1 BGN nominal value.

Trace Group Hold PLC has enlisted 45,000 named shares of the capital of Kardjali company.

The scope of activities of Trace Kardjali JSC is construction, repair and maintenance of highways, roads, streets, urban and municipal communications and surrounding infrastructure, maintenance of roads, road facilities and equipment, design, engineering and commercial activity in the country and abroad, all sorts of services with construction and other machinery, goods and all other activities not banished by the law.

The Company features single-stage management system, namely a Board of Directors with mandate of three years with three members: Nikolai Ganchev Mihaylov as Chair, Tsvetan Ivanov Tsonev and Miroslav Kalchev Manolov. Expiration date of the Company is not defined.

The Court of Law has enlisted also the empowerment of Dinka Peeva Kostova as a procurator of Trace Kardjali JSC. The Company is governed and represented by the procurator in accordance with powers provided by Article 22, clause 1 of the Law of Commerce.