Executive Summary

Equest Investments Balkans Limited (formerly Equest Investments Bulgaria Limited) is a BVI registered company, whose A Shares are listed on the Irish Stock Exchange. To date, the Company has invested in equity or equity related investments in developing enterprises, organised or operating primarily in Bulgaria, and to a limited extent, in other countries in the Balkan region. The Companys investment objective is to provide Shareholders with long term capital growth by investing in equity or equity related securities in developing enterprises organised or operated or operating in other countries, in addition to Romania and Bulgaria, such as Albania, Croatia, FYR Macedonia, the Republic of Montenegro, the Republic of Serbia, Slovenia, Ukraine and Turkey (the Target Region).

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