Monbat : TWO EVOLUTIONARY APPOINTMENTS IN MONBAT GROUP

Peter Bozadjiev is appointed as Executive Director of the economic group Monbat and reports directly to Atanas Bobokov in his capacity of Chief Executive Officer (CEO) and Chairman of the Board of Directors of Monbat АD.

Mr. Bozadjiev is actively involved in the development and sustainable growth of the economic group Monbat that has reached market capitalization of EUR 227 Mio compared to EUR 96 Mio in 2012. In the last five years Mr. Bozadjiev was Group Financial Director (CFO) of Monbat as well as programme manager of the long-term optimization and improvement program in the group.

Mr. Bozadjiev is also appointed as General Manager of Monbat holding GmbH - the company into which the newly acquired lithium-ion companies Gaia and EAS Germany are to be transformed and bring to Monbat diversified stream of business in the next five years.

Peter Bozadjiev has long standing experience in corporate management and business transformations that has also been his primary business scope as Senior manager in PwC Consulting, IBM Global Business Services and KPMG Operational Restructuring.

Viktor Spiriev is the new Group Financial Director (CFO) of Monbat Group where he succeeds on one of the direct responsibilities of Mr. Bozadjiev. Mr. Spiriev will continue the efforts for development and modernization of the financial function in the context of continuous growth of the group and constant improvement of the reporting to the institutions and investment community.

His responsibilities as member of the financial team in Monbat, Prista Oil and as senior associate in PriceWaterhouseCooper until now have included business planning, management reporting, supervision of the cash-flow, treasury and financing function, short- and long-term structuring, planning and steering of the financial resources and others.