IEF Maritza, 30-31 of May 2007

KD Group

Your Regional Partner of Choice

KD GroupRegional Player FROM the Region

Facts about KD Group and KD Holding

• KD Group founded in 1994• Headquarters in Ljubljana, Slovenia• Assets under management (AUM): over EUR 1.200 mio

______________________________________________________

• KD Group is a privately owned company and holds the majority stake (57,6%) in KD Holding (as of end 2006)

• KD Holding d. d.– Assets (31 December 06 estimation): EUR 350,3 mio EUR – Net profit (2006 estimation): EUR 21,3 mio EUR

• KD Holding is a business group with more than 50 subsidiaries in more than 10 countries

KD Holding’s activities

Core activities are Core activities are asset managementasset management and and insurance businessinsurance business

• Asset management & investment fund management Asset management & investment fund management • Private wealth management & securities brokeragePrivate wealth management & securities brokerage• Insurance Insurance

– Life insuranceLife insurance– Other (property, health)Other (property, health)

• BanBanking (king (Slovenia)Slovenia)• Multiplex-cinemas & entertainemntMultiplex-cinemas & entertainemnt• Other short and long term financial investments Other short and long term financial investments

– Privatization comanies & funds in ex-YugoslaviaPrivatization comanies & funds in ex-Yugoslavia (Federation of B&H, Republic of Srpska, Montenegro)(Federation of B&H, Republic of Srpska, Montenegro)

– Seaway Group, Gea College and others…Seaway Group, Gea College and others…

Mutual Funds

• Asset Management companies in Slovenia, Croatia, Bulgaria, Romania, Slovakia, Luxemburg & USA

• 28 funds, AUM almost EUR 800 mio, almost 60,000 clients

• Market leader with approximately 25 % market share in Slovenia, managing oldest & biggest mutual fund in Slovenia – KD Galileo

• Numerous performance awards (The Wall Street Journal ranked KD Galileo best performing mutual fund in its category on annual return 8 times!)

• Philosophy – “Sell whole range of products in the (SE European) region, sell the region (C&E Europe) to the World”

Private Wealth Management & Brokerage

• Brokerage companies in Slovenia, Croatia, Bulgaria and Romania

• Focus on providing Private Wealth Management services (close to EUR 50 mio in AUM)

• Providing brokerage services on all major world markets

• Retail network of Financial Points – “Supermarkets” with broadest range and high quality advisory on investment funds and other financial services – more than 25 opened so far (Slovenia, Croatia, Bulgaria, Romania)

Insurance – Life

SLOVENICA ŽIVLJENJE (KD LIFE)

• Market share (Slovenia): 9,4%

• Market ranking: 3rd

• 2006 (vs. 2005) gross premium growth: 84%

• Leader in Unit-linked products (Fondpolica)

• First Slovenian specialized life insurance company

• Established Life insurance companies in Romania & Bulgaria in 2006, further expansion planned for Serbia, Croatia, Ukraine, cross-border presence in Central Europe

Banking

• Full-banking licence

• KD Holding holds a 33,4 % share

• One of the strongest bank networks in Slovenia

• Assets (end 2006): EUR 610 mio

• Gross profit (2006): EUR 3,5 mio

Selected Other Financial Investments

• Cinematography: Multiplex cinemas (1,5 mio spectators anually, 80% market share in Slovenia), bowling alleys, etc…

• Energy Sector: stakes in power stations and power distribution companies

• Sailboats design and construction: Seaway Group, Elan

• Education: Gea College for Entrepreneurship

KD as Your Partner of Choice

• Regional player – from the region

• Wide range of financial services offered

• Proven track record

• Owners with clear vision

• Highly qualified staff

Possible Ways of Cooperation

• Investing in our EU based mutual funds

• Offering (especially regional) Asset Management capabilities for “taylor made” portfolios

• Offering our (especially regional) brokerage capabilities

• Investing in our KD Private Equity fund

And open to any other ideas you might have!

KD Investments EADKD Investments EAD

MC “KD INVESTMENTS” -investment MC “KD INVESTMENTS” -investment company and mutual fundscompany and mutual funds

Low risk profile– invest generally in bonds, modest earnings: KD Bonds Bulgaria

High yield profile– run higher risk and invest mainly in equity – to 90%:KD Equity Bulgaria

Balanced– run moderate risk and invest up to 50% in equity and to 50% in securities with fixed income /GB, bonds, bank deposits/:KD Pelikan AD

KD Investments EADKD Investments EAD

KD Equity BulgariaKD Equity Bulgaria: : to 30.04to 30.04.2007 .2007

- Risk profile: 7-8

- Fund facts:- Launch date 04.05.2006 г.

- Fund size: 2 806 266 BGN / 1 434 821 EUR.

- Investment Horizon– min. 1,5 years

- Yield for the last 6 months: + 18,17%

- Yield from the last 12 months:+36,83%

- Top 5 of fund’s portfolio:- Toplivo AD – 5,97%

- Monbat AD – 4,54%

- Eurohold BG – 5,53%

- Orgachim AD – 4,24%

- Chimimport AD – 4,50%

-Fees:- Entry fee– мax. 2%

- Management fee – 3%/yearly

- No redemption fee!!!

- Yield:

-5,00%

5,00%

15,00%

25,00%

35,00%

45,00%

55,00%

04/05

/200

6

04/06

/200

6

04/07

/200

6

04/08

/200

6

04/09

/200

6

04/10

/200

6

04/11

/200

6

04/12

/200

6

04/01

/200

7

04/02

/200

7

SOFIX KD EQUITY BULGARIA

KD Investments EADKD Investments EAD

KD Pelikan ADKD Pelikan AD: : to 30.04to 30.04.2007.2007

- Risk profile: 5-6

- Fund facts:- Launch date 17.12.2004 г.

- Fund size:6 087 697 BGN/3 112 590 EUR

- Investment Horizon–min 1,5 - 2 years

- Yield for the last 6 months: + 15,70%

- Yield from the last 12 months: +23,44%

- Top 5 of fund’s portfolio:- Industrialen holding– 6,12%

- Chimimport– 4,23%

- Oil&gas Expl.&Production– 3,88%

- Deutsche bank– 3,97%

- Sinergon Holding AD – 4,34%

- Fees:- Entrance fee– 1%

- Management fee– 4%/yearly

- No redemption fee!!!

- Yield:

-5,00%

0,00%

5,00%

10,00%

15,00%

20,00%

25,00%

30,00%

01/03/2006 01/05/200601/07/2006 01/09/2006 01/11/2006 01/01/2007

KD PELIKAN

KD Investments EADKD Investments EAD

KD Bonds BulgariaKD Bonds Bulgaria: : toto 30.0430.04.2007.2007

- Risk profile: 2-3

- Fund facts:- Launch date 04.05.2006 г.

- Fund size: 1 123 875 BGN/574 628 EUR.

- Investment Horizon– min. 2 years

- Yield for the last 6 months: + 7,18%

- Yield from the last 12 months: +9,14%

- Top 5 of fund’s portfolio:- Teksimbank AD– 4,2%

- Оvergas Ink – 4,2%

- Petrol– 4,3%

- SSKonstantin and Elena Holding– 4,3%

- Eurolease Auto– 4,0%

- Fees:- Entrance fee– max. 0,35%

- Management fee– 1%/yearly

- No redemption fee!!!

- Yield:

-2,00%0,00%2,00%4,00%6,00%8,00%

10,00%12,00%

04/05

/200

6

04/06

/200

6

04/07

/200

6

04/08

/200

6

04/09

/200

6

04/10

/200

6

04/11

/200

6

04/12

/200

6

04/01

/200

7

04/02

/200

7

KD BONDS BULGARIA

KD Investments EADKD Investments EAD

THANK YOU VERY MUCHTHANK YOU VERY MUCH!!

www.kd-group.bgwww.kd-group.bg