Expat Beta

Expat Beta Capital Increase Presentation
- In English
- In Bulgarian
- In Russian
- In Hungarian

Summary of the Prospectus for the public offering of shares

Expat Beta is a real estate investment trust (REIT) listed on the Bulgarian Stock Exchange – Sofia, regulated by the FSC and managed by Expat Capital. The fund aims at a balanced portfolio of commercial, office, residential, and vacation properties in prime locations. Several new investment projects are currently in the pipeline.

On 22 July 2010 the REIT accomplished a capital increase procedure. 800 300 new shares have been bought. Thus the number of shareholders has almost doubled, and the fund capital reached BGN 5,143,190. This is an increase of the assets of over 18.4% – very few Bulgarian companies may achieve this today. The Expat Beta team expects to conclude some small scale deals for high-quality office and commercial buildings with very attractive valuations. The ultimate goal is to achieve the highest possible Return on Equity and increase the price of our shares on the stock exchange. Expat Beta REIT is one of the few stocks in Bulgaria whose market price has not fallen during the crisis. One of the reasons is that the fund has zero bank debt.

The first project of Expat Beta is the purchase of over 140,000 m² of zoned for development land in the Kamchia resort on the Black Sea Coast. The purchase price was very attractive regardless of the current financial crisis. Our preferred exit strategy is to sell the plots to another developer at a profit.  



INVESTOR RELATIONS MANAGER

Nicola Yankov
1000 Sofia, 96A Georgi S. Rakovski Str.
Tel.: +359 2 980 1881
Fax: +359 2 980 7472
E-mail: office@expat.bg