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Seminar of the Polish National Depository for Securities (KDPW) and UniCredit Bulbank: Warsaw Stock Exchange offers huge opportunities to Bulgarian companies

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Presence on the largest and most liquid capital market in the region, recognition by the international economic community, access to a wide range of investors, more fair securities valuation, a market for both big companies and SMEs, access to other forms of funding – these are only a few of the many advantages for the Bulgarian companies should they decide to list their shares on the Warsaw Stock Exchange.

Technically this is now possible as in February this year a link was established between KDPW and UniCredit Bulbank. Currently, on the Warsaw Stock Exchange through its NewConnect system, the shares of Intercapital Property Development REIT are traded, whereas it became the first dual-listed Bulgarian company.

During today’s seminar, organized by the Polish National Depository for Securities (KDPW) and UniCredit Bulbank, representatives of those institutions explained also how the listing process works – what are the requirements and the procedures, which the companies have to fulfill if they wish to be admitted for trading on the Warsaw Stock Exchange, what are the specifics they have to comply with.

Representatives of Intercapital Property Development REIT also contributed to the event by giving practical advice to all companies, which decide to follow suit.

The seminar was divided into two parts:

• The Processing of Cross-Border Transfers Between the Bulgarian and Polish Markets

• Listing Bulgarian Securities on the Warsaw Stock Exchange

Instructions from Bulgarian market participants to process cross-border transfers between the Bulgarian and Polish market - Yavor Dojdevski, Senior Manager Custody Services, UniCredit Bulbank

Instructions from Polish market participants to process Bulgarian corporate actions – Anna Miernicka-Szulc – Strategy & Business Development Department, KDPW

How to be Listed on the WSE and Why It’s Worth It – Beata Kacprzyk - Market Development Department, Warsaw Stock Exchange

Polish Legal Requirements for Foreign Companies Listing on the WSE – Prof. Marek Wierzbowski and Partners

KDPW – Overview and Membership Requirements – Michael Lukac – Head of Foreign Client Relations, KDPW

Bulgarian Legal Perspective