Establishment of KD Investments, e.a.d., Sofia, Bulgaria

Pursuant to the provisions of the Rules of the Ljubljana Stock Exchange d.d. and the ZTVP-1 (Official Gazette of the Republic of Slovenia, No. 56/99), KD d.d., Ljubljana, hereby issues the following announcement:

On 24 September 2003, the Bulgarian securities market regulator – the State Commission for Financial Supervision – granted a licence to operate to the management company KD Investments, e.a.d., Sofia, Bulgaria, whose sole shareholder is KD Group d.d. KD Investments Sofia is the first foreign-owned Bulgarian company to have obtained a licence to carry out investment fund management activities.
KD Investments Sofia will initially offer shares in the open-ended investment company KD Pelikan, an investment fund with a balanced investment policy. KD Investments Sofia will invest the funds raised by KD Pelikan primarily in the local securities market, thereby playing a significant role in the development of the Bulgarian securities market.


KD Group d.d.
Management Board