January 7, 2009
Decisions approved by the Extraordinary General Meeting of Balkancar Zarya Shareholders have been entered in the Trade Register

The decisions approved by the Extraordinary General Meeting of Balkancar Zarya shareholders that was held on 22nd December 2008 were registered on 7th January 2009 under the registration number 20090107092402 in the Trade Register hosted by the Registration Agency and they are as follows:
   1. The Executive Member of the Company’s Board of Directors has been authorized on behalf of and at the expense of Balkancar Zarya Plc. to make a deal under the terms of Art.114, Para 1 of POSA with ZARYA Invest Plc. and in favour of Zarya Invest Plc., headquartered and officially seated in Sofia, 40, Bratya Buxton Blvd., UIC 200286938 for the transfer of 125 000 (one hundred and twenty-five thousand) registered voting shares from the capital of WATTS ZARYA LIMITED Plc., headquartered and officially seated in Pavlikeni, 1, Tosho Katev Str., UIC 104687322 at a nominal value of BGN 1 against the payment of BGN 6.40 (six leva and forty stotinki) per share or a total of BGN 800 000 (eight hundred thousand) for the total packet of 125 000 (one hundred and twenty-five thousand) registered voting shares presenting 50% (fifty per cent) of the capital of WATTS ZARYA LIMITED Plc.
   2. The Executive Member of the Company’s Board of Directors has been authorized to undertake all factual and legal steps related to the participation of Balkancar-Zarya Plc in the capital increase of ZARYA Invest Plc. announced in TR on 25th September 2008 (?20080925111933) through a new shares subscription. The number of the new issued shares from the capital of ZARYA Invest Plc. that Balkancar ZARYA Plc. to subscribe with respect to its rights under Art.194, Para 1 of CA was defined to 2 950 000 (two million nine hundred and fifty thousand) new issued shares. The amount of the contribution for the shares from the capital increase of ZARYA Invest Plc., which Balkancar ZARYA Plc. to subscribe with respect to its rights under Art.192a, Para 1, item 2 of CA and the invitation to the shareholders under the terms of Art.194, Para 1 of CA was defined to 85% from the nominal value – BGN 0.85 (zero point eighty-five) per share or a total of BGN 2 507 000.00 BGN (two million five hundred and seven thousand). Balkancar ZARYA Plc. not to exercise in full its right under Art. 194, Para 1 of CA and to subscribe only 2 950 000 (two million nine hundred and fifty thousand) new issued shares. Balkancar ZARYA Plc not to exercise its right to subscribe 999 210 (nine hundred ninety-nine thousand two hundred and ten) shares from the capital increase of ZARYA Invest Plc., representing the difference between the total amount of shares from the increase that Balkancar ZARYA Plc. has the right to subscribe (3 949 210 shares) and the shares that Balkancar ZARYA Plc will subscribe (2 950 000 shares).

Balkancar ZARYA Plc. (BSE-SOFIA: ZARYA) is the single Bulgarian company specialized in steel wheels and rims manufacturing. The Company is recognized as a leading international manufacturer and supplier of a wide range of industrial wheels to the original manufacturers of fork-lift trucks and tyre producers as well as supplier of original wheel parts for the aftermarket. Balkancar ZARYA news and information are available at http://www.balkancarzarya.com.

ZARYA, ZARJA, ÇÀÐß, Balkancar ZARYA, Moving forward and the Balkancar ZARYA logo are registered trademarks or trademarks of Balkancar ZARYA Plc. and/or its affiliates in the Republic of Bulgaria and certain other countries. All other trademarks mentioned in this document are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Balkancar ZARYA and any other company. This document is Balkancar ZARYA information to the public.

For further information, please contact:
Mr. P. Penchev
Investor Relations
Balkancar ZARYA Plc
tel.: +359 610.52501 ext.111
[email protected]