November 11, 2010
Protocol of the General meeting of bondholders of Balkancar-Zarya PLC (ISIN BG2100015077) dated 04.11.2010

 The General Meeting of Bondholders of Balkancar-Zarya PLC (ISIN BG2100015077) dated 04.11.2010 has taken the following decisions:
- Adoption of amendments to the parameters of the issue of corporate bonds as follows:
1. Extension of the debenture loan maturity by 28 months with a date of maturity on 22.12.2015
2. The amortisation schedule of the debenture loan shall be amended as per a time-table enclosed in the minutes of the GM.
3. The interest rate of the issue is changed from fixed 7.25% p.a. to a floating one, which will be the 6-month EURIBOR value plus 3% but not less than 8.25% p.a., calculated two working days before every interest payment.
This amendment will come into force as of 22.12.2010.
4. The financial indicators, which Balkancar-Zarya PLC has to maintain, will be changed according to a list enclosed in the GM minutes.
5. The call option is changed as follows:
The issuer is entitled to a partly or full principal repayment ahead of schedule on the date of each interest payment until the maturity of the issue under ISIN BG2100015077 upon a mandatory 30-day prior notice. The repayment will be made on a pro-rata basis to all bondholders as the issuer will pay the clean price, without the interest accrued of 101% per nominal value, and any accrued interest at the time. The early repayment should amount to not less than EUR 50,000 or to a sum divisible by this minimum amount.
- In connection with the amendments to the parameters of the issue, the issuer has to fulfil additional conditions laid down in a detailed list enclosed in the GM minutes.
- The GM of the bondholders has adopted a decision certain requirements to the issuer as per the GM minutes dated 11.12.2009 to be omitted, namely:
a) The issuer has to establish a registered pledge on all its receivables under contracts for sale of company's products.
b) Balkancar-Zarya PLC has to acquire real ownership of 100% of the capital of Watts Lanka Ltd.-Sri Lanka.
- If the issuer does not submit evidence of an actual increase in equity by not less than BGN 1 million until 31 January 2011, the bank as a trustee of the bondholders will convene a General Meeting of Bondholders of the issue under ISIN BG2100015077 until 28 February 2011.
 

Balkancar ZARYA Plc, (BSE-SOFIA: 4BU) 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 www.balkancarzarya.com

ZARYA, ZARJA, ????, 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]