Investor Presentaiton

Environmental effect from the Overgas activities In 2005 our gas distribution companies distributed over 165 million cubic m, thus replacing: 80,000 tons of fuel oil with 3.5 % sulfur content; over 42,000 tons of gas oil; 53,000 tons of coal. Three "joint implementation" tenders won for selling ERUS in tne cities of Veliko Tarnovo, Gorna Oryahovitsa and Lyaskovets, Sofia and Varna; Fourth ERUS selling contract for Bourgas city in progress of signing. *In 2005 alone, as a result of this replacement made by OVERGAS in 25 cities in Bulgaria, the total quantity of harmful and greenhouse gas emissions decreased by 217,300 tons. *For 2006 this amount will be doubled! orergas

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