1. Development of the Bulgarian Leasing Market A presentation by Borislav Todorov, Co-chairman of Bulgarian Association for Leasing

2. Leasing Market Size Determined by Outstanding Net Lease Receivables (in EUR mln) Source: BAL data for the period 2001-2004, BNB data for the period 2005-2011; *Data for 2011 as of 30 th September 2011 Exchange rate (1 EUR=1,95583 BGN)

3. Leasing Market Size Determined by Value of New Business (in EUR mln) Source: BAL for the period 2001-2010; Exchange rate (1 EUR=1,95583 BGN) *Data for 2011 is for the first nine months; source: BNB

4. New Business during 2010 by Asset Type Source: BAL

5. New Business Volumes Comparison by Asset Type (in EUR mln) Source: BAL; Exchange rate (1 EUR=1,95583 BGN) *Data for 2011 is for the first nine months, source BNB

6. New Business during 2010 by Contract Term Source: BAL & BNB

7. New Business during 2010 by Sectors Source: BAL & BNB

8. Change of Leasing Penetration Rates 2001-2011 Source: BAL for new business; NSI for investments *BAL estimates for the year 2011

9. Thank you!