Ernst Young Take a look inside 17

Ernst & Young Take a look inside…. 17 March 2011

Our organization

Ernst & Young: 5 global areas AMERICAS ► ► FAR EAST EMEIA ► EMEIA- Europe Middle East India & Africa ► 60 000 people ► 87 countries JAPAN OCEANIA 30 Month 2009 ► 144 000 people 700 offices 140 countries, divided in 5 operational areas The leading share in our priority market segments Bulgaria ► 190 people ► 5 nationalities Page 3 Ernst & Young

CSE sub-area: united in diversity Diverse on Diversity 4 diverse predominant religions • More than 20 languages • Catholic Christianity • Over 20 nationalities • Lutheran Christianity • 2 time zones • Orthodox Christianity • Independent from 90 to 15 years • Sunni Islam CSE sub-area: united in diversity EU Membership NATO membership • EU member states (13)Text • NATO member states (12) • EU candidates (3) • Non-NATO member states (7) • Non-EU states (3) 30 Month 2009 Page 4 Ernst & Young

CSE Highlights ► ► Turnover of over USD 600 million More than 5, 650 people 218 Partners Encompass the following 19 countries GDP (PPP) 3. 161 USD bln Population 214, 5 mln Area 2. 301. 609 km² Albania / 11 people Macedonia / 25 people Bosnia & Herzegovina / n. a. Malta / 82 people Bulgaria / 190 people Moldova / 35 people Croatia / 95 people Montenegro / n. a. Cyprus / 141 people Poland / 1207 people Czech Republic / 554 people Romania / 416 people Estonia / 115 people Serbia / 107 people Greece / 549 people Slovakia / 179 people Hungary / 497 people Slovenia / 82 people Latvia / 171 people Turkey / 620 people Lithuania / 240 people 30 Month 2009 Page 5 Source: People & Places database Ernst & Young

Ernst & Young in Bulgaria ► ► ► Ernst & Young operates in Bulgaria since 1992 Combination with Andersen in 2002 resulted in a new Ernst & Young firm Today: a leading professional services firm • • 190 professionals Continuous high growth Significant market share Part of Ernst & Young Global 30 Month 2009 Page 6 Ernst & Young

Our services

Service lines ► Assurance Services ► Advisory Business Services ► Tax Advisory and Compliance Services ► Transaction Advisory Services 30 Month 2009 Page 8 Ernst & Young

Assurance: The audit and more Our largest professional services line ► International clients ► Diverse industries ► Leader in the profession Quality assurance. . . ► Financial statement attestation ► Internal control reporting 30 April 2009 Page 9 Ernst & Young

Audit objective To express an opinion on the financial statements: « True and fair view » ► ► Audit of Financial Statements Audit Related Services Due diligences Special reports When performing an audit, we also provide valuable recommendation our Clients or express an opinion on the financial statements. 30 April 2009 Page 10 Ernst & Young

Tax Services ► Provide integrated Tax services to clients ► Optimization of client’s tax situation ► Advise on the international tax implication of acquisitions, including private equity and real estate ► Ensure administrative follow-up of companies with regard to their tax obligations 30 Month 2009 Page 11 Ernst & Young

Tax Services International / Transaction Tax (ITS/TT) ► Tax efficient financing ► Transaction Tax ► Human Capital ► Expatriates tax planning International tax planning ► ► Corporate Advisory Services ► ► ► Individual tax and SS advice Individual tax compliance Indirect Tax ► ► ► Local tax planning ► Local Tax Accounting ► Local tax compliance Indirect tax compliance Local tax risk advisory ► Indirect tax planning ► Business Tax Services (BTS) VAT/Customs/Excise advice 30 April 2009 Page 12 Ernst & Young ► Law and financial accounting

Transaction Advisory Services: Professional services at a different level Transaction Support: Buy and sell-side due diligence (financial, tax, IT, legal) and postclose assistance Transaction Tax: Buy and Sell-side structuring & due diligence and post-deal integration Valuations & Business Modeling: Business, shares and intangible assets valuation, Financial Reporting valuations, Strategic Finance advisory (business planning, forecasting, investment appraisals and feasibility studies). Business Modeling. Mergers & Acquisitions: Identification and assessment of merger, acquisition and joint venture opportunities. Structuring and negotiating transactions, bids, evaluating alternatives. Restructuring: Working capital management, advising on short-term requirements and methods of crisis stabilization. Providing independent review (strategic and financial), designing the restructuring/turnaround plan Project Finance: Sourcing of finance, financial modeling and model audit, Bid coordination, preparation and documentation. Support in negotiations towards financial close Transaction Integration: Integration Accelerator®, Carve-Out Accelerator®, Readiness and Effectiveness Assessment Dealworks® 30 April 2009 Page 13 Ernst & Young

Your career with us

EYU makes sure our people develop the right competencies The components of EYU - experiences, learning, coaching – help develop the proficiency of your competencies The mix of Experiences, Learning and Coaching will change as you progress ► Experiences ► ► Learning ► ► Business and community activities as well as on the job training Training, WBL and class-room sessions Coaching ► Processes, tools and techniques to support and stimulate career development 30 April 2009 Page 15 Ernst & Young

Ernst & Young’s commitment to learning and career development Formal and Informal Learning opportunities Knowledge Sharing Infrastructure Professional Qualifications (ACCA, CISA, CFA, etc. ) EY Methodology Training Soft Skills Training Performance Management Process Formal Career Counseling Program Multi Source Feedback / 360 o Program 30 April 2009 Page 16 Ernst & Young

EYU helps you build your competencies throughout your career Mix of EYU Level of competencies 100% 5 4 3 Competencies 2 1 0% Sta ff Se nio r Ma Learning Experiences Competencies Coaching 30 April 2009 Page 17 Ernst & Young nag er Se nio Dir r. M ana ect ger or Pa rtne r

Expected Competencies Manage verbal and written communication in Bulgarian and English Manager Risk and Quality Maintain Professional Expertise Strive for Excellence Leverage Technology Resources Effectively Build Rapport Collect and Interpret Information Understand internal controls, related concepts and principles Demonstrate knowledge in primary accounting framework (e. g. US GAAP, Other Domestic or IFRS) and in related financial reporting matters Demonstrate knowledge in data analysis tools 30 April 2009 Page 18 Ernst & Young

Counseling process Aimed to optimize our employees’ development and growth An experienced person facilitates the development of a junior colleague Benefit to: ► The individual ► The counselor ► The firm 30 April 2009 Page 19 Ernst & Young

Career development - mobility Diverse opportunities ► Across industries and service lines ► New experience across variety of clients assignments International programmes ► Short term within EMEIA-New Horizons ► Long term within the international EY network-Global Exchange program 30 April 2009 Page 20 Ernst & Young

Career opportunities Partner Senior Manager ►Management of major clients and complex projects ►Coordination of several ► Client support projects at the same time ► Coordination of several projects at the same time ►Product responsibility ►Business development ► Project responsibility ► Business development Senior Assistant ► Project management ► Project work ► Assistant coordination ► Preparation of reports on location ► Responsibility on location and appraisals at an early stage Intensive training on and off the job Targeted further education by international training 30 April 2009 Page 21 Ernst & Young ► ► Client support Strategy development Corporate governance Business development

What we are looking for Requirements ► ► Undergraduate degree in relevant field Communication skills English and local language IT proficiency Key Characteristics ► ► ► Team-player Leadership skills High sense of motivation Desire never to stop learning Flexibility Integrity 30 April 2009 Page 22 Ernst & Young

What we stand for Achieving Potential – Making a difference At Ernst & Young we’re committed to helping our people, our clients and our wider communities achieve their potential. It’s how we make a difference. 30 April 2009 Page 23 Ernst & Young

Achieving potential – a virtuous circle Outstanding and happy people produce attracts High quality drives Market leader makes us triggers Profitable growth 30 April 2009 Page 24 Ernst & Young Client satisfaction

Our values statement – who we are ► People who demonstrate integrity, respect, and teaming ► People with energy, enthusiasm, and the courage to lead ► People who build relationships based on doing the right thing 30 April 2009 Page 25 Ernst & Young

Questions Mission? Responsibilities? Skills? Trainings? Life at work? Our clients? 30 April 2009 Page 26 Ernst & Young

Contacts Tel: + 359 2 8177100 Dimitrina. Vasileva@bg. ey. com www. ey. com/careers