Investor Presentaiton

Information on Bulgaria Economic Information ■ ■ GDP growth (real) Inflation Unemployment rate Foreign direct investment (% of GDP) Foreign direct investment (EUR million) 2001 2002 2003 4.1% 4.9% 4.3% 7.4% 5.8% 2.3% 19.2% 17.8% 13.6% 5.0% 5.6% 6.7% 755 923 1,190 The Bulgarian Lev is pegged to the Euro at 1.96 Lew per EUR Bulgaria's foreign currency debt ratings: Standard & Poor's (S&P): BBB- (stable outlook) Moody's: Ba1 (positive outlook) Fitch: BBB- (stable outlook) Bulgaria's accession to the EU is targeted for 2007 Geographic information: Population 2003: 7.8 million 30% of population live in urban areas of Sofia (capital), Plovdiv and Varna Area: 110,912 km² Mobile penetration (June 30, 2004): 51.8% 31 TELE KOM AUS TRIA

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