Industry Report Manufacture of food products 2018 BULGARIA

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This industry report is part of your subcription access to SeeNews | seenews.com/subscription CONTENTS

I. KEY INDICATORS

II. INTRODUCTION

III. REVENUES

IV. EXPENSES

V. PROFITABILITY

VI. EMPLOYMENT 1 SeeNews Industry Report

NUMBER OF COMPANIES IN MANUFACTURE OF FOOD PRODUCTS I. KEY INDICATORS INDUSTRY BY SECTORS SECTOR 2018 2017 2016 The Manufacture of food products industry in Bulgaria was MANUFACTURE OF BREAD; MANUFACTURE OF 2,838 2,878 2,929 represented by 5,391 companies at the end of 2018, FRESH PASTRY GOODS AND CAKES compared to 5,445 in the previous year and 5,501 in 2016. MANUFACTURE OF OTHER FOOD PRODUCTS 451 443 421 N.E.C. The industry's net profit amounted to BGN 433,113,000 in OTHER PROCESSING AND PRESERVING OF 361 354 346 2018. FRUIT AND VEGETABLES OPERATION OF DAIRIES AND CHEESE MAKING 290 279 278 The industry's total revenue was BGN 10,456,164,000 in PRODUCTION OF MEAT AND POULTRY MEAT 198 213 226 PRODUCTS 2018, up by 3.45% compared to the previous year. PROCESSING AND PRESERVING OF MEAT 172 184 186

MANUFACTURE OF COCOA, CHOCOLATE AND 171 173 164 The combined costs of the companies in the Manufacture SUGAR CONFECTIONERY of food products industry reached BGN 9,967,212,000 in MANUFACTURE OF RUSKS AND BISCUITS; 157 150 164 2018, up by 3.60% year-on-year. MANUFACTURE OF PRESERVED PASTRY GOODS AND CAKES The industry's total revenue makes up 10.57% to the MANUFACTURE OF GRAIN MILL PRODUCTS 111 113 123 country's Gross domestic product (GDP) in 2018, compared PROCESSING AND PRESERVING OF POULTRY 99 99 101 to 10.53% for 2017 and 10.38% in 2016. MEAT MANUFACTURE OF PREPARED FEEDS FOR 95 91 95 A total of 74,152 people were employed in the Manufacture FARM ANIMALS of food products industry in 2018, compared to 74,067 in MANUFACTURE OF PREPARED MEALS AND 74 78 75 DISHES 2017 and 75,588 in 2016. MANUFACTURE OF OILS AND FATS 66 72 73

MANUFACTURE OF CONDIMENTS AND 53 53 54 Most of the companies in the industry are based in Sofia, SEASONINGS followed by Plovdiv and Varna. PROCESSING OF TEA AND COFFEE 42 45 42 MANUFACTURE OF ICE CREAM 42 45 44 PROCESSING AND PRESERVING OF FISH, 41 47 51 II. INTRODUCTION CRUSTACEANS AND MOLLUSCS MANUFACTURE OF FRUIT AND VEGETABLE 35 29 31 JUICE In 2018 the companies in the Manufacture of food products MANUFACTURE OF HOMOGENISED FOOD 23 22 20 industry numbered 5,391, distributed in 25 sectors. PREPARATIONS AND DIETETIC FOOD MANUFACTURE OF MACARONI, NOODLES, 23 25 31 COUSCOUS AND SIMILAR FARINACEOUS PRODUCTS INDUSTRY STRUCTURE BY SECTORS AND NUMBER OF COMPANIES PROCESSING AND PRESERVING OF POTATOES 20 23 21 451 MANUFACTURE OF PREPARED PET FOODS 19 21 16 MANUFACTURE OF STARCHES AND STARCH 5 3 4 1,253 PRODUCTS 361 MANUFACTURE OF MARGARINE AND SIMILAR 3 3 4 EDIBLE FATS MANUFACTURE OF SUGAR 2 2 2 290

198 III. REVENUES

The total revenue in the industry was BGN 10,456,164,000 in 2018, BGN 10,107,142,000 in 2017 and 9,625,596,000 in 2016.

2,838

Manufacture of bread; manufacture of fresh pastry goods and cakes

Manufacture of other food products n.e.c. Other processing and preserving of fruit and vegetables

Operation of dairies and cheese making Production of meat and poultry meat products Others

In 2017 there were a total of 5,445 companies operating in the industry. In 2016 their number totalled 5,501.

2 SeeNews Industry Report

country in 2017. In 2016 the GVA of the Manufacture of food Total revenue products was BGN 7,990,492,000, or 5.24% of the GVA for Net sales revenue the country's economy. 11,000,000,000 10,456,164,000 10,107,142,000 GVA BY SECTORS 10,000,000,0009,625,596,000 RANK SECTOR BGN SHARE OF THE COUNTRY'S 9,860,903,000 GVA (%) 9,000,000,000 9,504,157,000 1 OPERATION OF DAIRIES AND CHEESE 913,147,000 0.50 8,921,091,000 8,000,000,000 MAKING 2 PRODUCTION OF MEAT AND POULTRY MEAT 890,991,000 0.49 7,000,000,000 PRODUCTS 3 MANUFACTURE OF BREAD; MANUFACTURE 854,132,000 0.47 6,000,000,000 OF FRESH PASTRY GOODS AND CAKES 4 MANUFACTURE OF OILS AND FATS 839,400,000 0.46

BGN 5,000,000,000 5 PROCESSING AND PRESERVING OF MEAT 782,073,000 0.43 4,000,000,000 6 OTHER PROCESSING AND PRESERVING OF 767,518,000 0.42 FRUIT AND VEGETABLES 3,000,000,000 7 PROCESSING AND PRESERVING OF POULTRY 761,309,000 0.42 MEAT 2,000,000,000 8 MANUFACTURE OF COCOA, CHOCOLATE 382,680,000 0.21 AND SUGAR CONFECTIONERY 1,000,000,000 9 MANUFACTURE OF OTHER FOOD PRODUCTS 379,887,000 0.21

0 N.E.C. 2016 2017 2018 10 MANUFACTURE OF PREPARED FEEDS FOR 379,251,000 0.21 FARM ANIMALS 11 MANUFACTURE OF GRAIN MILL PRODUCTS 375,558,000 0.21 The companies in the Manufacture of food products market 12 MANUFACTURE OF RUSKS AND BISCUITS; 353,122,000 0.19 of Bulgaria earned combined net sales revenues of BGN MANUFACTURE OF PRESERVED PASTRY GOODS AND CAKES 9,860,903,000 in 2018. 13 MANUFACTURE OF STARCHES AND STARCH 312,460,000 0.17 PRODUCTS In annual terms, sales marked a growth of 3.75% compared to 14 PROCESSING AND PRESERVING OF FISH, 125,118,000 0.07 2017. In comparison to 2016 they went up by 10.53%. In 2017 CRUSTACEANS AND MOLLUSCS sales went up by 6.54% year-on-year. 15 PROCESSING OF TEA AND COFFEE 99,568,000 0.06 16 MANUFACTURE OF ICE CREAM 98,396,000 0.05 The Manufacture of food products industry total revenue 17 MANUFACTURE OF PREPARED MEALS AND 80,373,000 0.04 make up 10.57% to the country's GDP in 2018, compared to DISHES 10.53% for 2017 and 10.38% in 2016. 18 MANUFACTURE OF CONDIMENTS AND 74,544,000 0.04 SEASONINGS 19 MANUFACTURE OF PREPARED PET FOODS 64,023,000 0.04 Share in GDP 20 MANUFACTURE OF FRUIT AND VEGETABLE 41,059,000 0.02 10.38%11 10.53% 10.57% JUICE 21 MANUFACTURE OF HOMOGENISED FOOD 18,716,000 0.01 10 PREPARATIONS AND DIETETIC FOOD 22 PROCESSING AND PRESERVING OF 17,467,000 0.01 9 POTATOES 23 MANUFACTURE OF MARGARINE AND 12,548,000 0.01 8 SIMILAR EDIBLE FATS 24 MANUFACTURE OF MACARONI, NOODLES, 7,539,000 0.00 7 COUSCOUS AND SIMILAR FARINACEOUS PRODUCTS 6 25 MANUFACTURE OF SUGAR 4,000 0.00

5

4 We expect, based on the trend in the last three years, the total revenue of the Manufacture of food products industry to 3 change at a compound annual growth rate (CAGR) of 4.23% in 2019. 2

1 NET SALES REVENUE BY SECTORS RANK SECTOR NET SALES REVENUE (BGN) 0 1 OPERATION OF DAIRIES AND CHEESE MAKING 1,052,089,000 2016 2017 2018 2 MANUFACTURE OF OILS AND FATS 1,043,151,000 3 PRODUCTION OF MEAT AND POULTRY MEAT 968,341,000 PRODUCTS In 2018 the Manufacture of food products industry 4 MANUFACTURE OF BREAD; MANUFACTURE OF FRESH 923,880,000 contributed to GDP BGN 8,630,883,000 in Gross value added PASTRY GOODS AND CAKES (GVA) accounting for 4.73% of the total for the country's 5 PROCESSING AND PRESERVING OF MEAT 849,368,000 economy. 6 PROCESSING AND PRESERVING OF POULTRY MEAT 840,738,000 7 OTHER PROCESSING AND PRESERVING OF FRUIT AND 812,272,000 In the previous year, the industry's GVA amounted BGN VEGETABLES 8,556,739,000, accounting for 5.03% of the total for the 3 SeeNews Industry Report

8 MANUFACTURE OF STARCHES AND STARCH 555,467,000 PRODUCTS TOP COMPANIES' REVENUE BY SECTORS 9 MANUFACTURE OF COCOA, CHOCOLATE AND SUGAR 488,331,000 SEGMENT COMPANY TOTAL REVENUE NET SALES CONFECTIONERY (BGN) REVENUE (BGN) 10 MANUFACTURE OF PREPARED FEEDS FOR FARM 437,703,000 MANUFACTURE OF HOMOGENISED FOOD PREPARATIONS AND DIETETIC FOOD ANIMALS GANCHEV EOOD 8,823,000 8,428,000 11 MANUFACTURE OF OTHER FOOD PRODUCTS N.E.C. 417,233,000 SLANCHO AD 5,169,000 5,046,000 12 MANUFACTURE OF GRAIN MILL PRODUCTS 411,172,000 VIVETA OOD 4,290,000 4,157,000 13 MANUFACTURE OF RUSKS AND BISCUITS; 356,771,000 MANUFACTURE OF PREPARED MEALS AND DISHES MANUFACTURE OF PRESERVED PASTRY GOODS AND TALAR FOODS EOOD 18,733,000 18,174,000 CAKES FIESTA 13 OOD 15,961,000 15,657,000 14 PROCESSING AND PRESERVING OF FISH, 124,865,000 CRUSTACEANS AND MOLLUSCS MASTAR-PIK EAD 9,739,000 9,669,000 15 PROCESSING OF TEA AND COFFEE 114,117,000 MANUFACTURE OF CONDIMENTS AND SEASONINGS 16 MANUFACTURE OF ICE CREAM 107,372,000 KONSUL OOD 17,994,000 17,919,000 17 MANUFACTURE OF PREPARED MEALS AND DISHES 92,501,000 GERMAN BULGARIAN BUSINESS GROUP 17,149,000 15,946,000 OOD 18 MANUFACTURE OF CONDIMENTS AND SEASONINGS 81,788,000 MERKURIY PROIZVODSTVO I PAKETAZH AD 6,308,000 5,888,000 19 MANUFACTURE OF PREPARED PET FOODS 66,156,000 PROCESSING OF TEA AND COFFEE 20 MANUFACTURE OF FRUIT AND VEGETABLE JUICE 45,557,000 BALKAM GROUP OOD 59,842,000 51,847,000 21 PROCESSING AND PRESERVING OF POTATOES 27,663,000 BIANCHI COFFEE EOOD 21,593,000 21,483,000 22 MANUFACTURE OF HOMOGENISED FOOD 23,896,000 PREPARATIONS AND DIETETIC FOOD JACOBS DOUWE EGBERTS OPS BG EOOD 6,363,000 6,342,000 23 MANUFACTURE OF MARGARINE AND SIMILAR EDIBLE 12,869,000 MANUFACTURE OF COCOA, CHOCOLATE AND SUGAR CONFECTIONERY FATS NESTLE BULGARIA AD 259,790,000 257,823,000 24 MANUFACTURE OF MACARONI, NOODLES, 7,603,000 ALCAO EOOD 98,088,000 97,183,000 COUSCOUS AND SIMILAR FARINACEOUS PRODUCTS MONDELEZ BULGARIA PRODUCTION EOOD 27,543,000 27,184,000 MANUFACTURE OF SUGAR BALGARSKA ZAHAR AD 7,000 0 MANUFACTURE OF OTHER FOOD PRODUCTS N.E.C. CREMIO EAD 55,500,000 55,102,000 INDUSTRY'S NET SALES REVENUE STRUCTURE BY SECTORS 10.67% KENDY OOD 44,223,000 43,250,000 PURATOS BULGARIA AD 25,599,000 24,430,000 9.82% 10.58% OPERATION OF DAIRIES AND CHEESE MAKING MILKY GROUP BIO EAD 177,281,000 171,824,000 UNITED MILK COMPANY EAD 84,355,000 82,355,000 TYRBUL EAD 73,783,000 68,916,000 9.37% 8.61% MANUFACTURE OF ICE CREAM FRONERI BULGARIA EOOD 55,536,000 55,373,000 SLADOLEDENA FABRIKA EOOD 14,758,000 13,624,000 IZIDA OOD 13,653,000 13,233,000 MANUFACTURE OF RUSKS AND BISCUITS; MANUFACTURE OF PRESERVED PASTRY GOODS AND CAKES PRESTIGE-96 AD 64,105,000 63,367,000 ZIV EOOD 57,281,000 56,126,000 ITAL FOOD EAD 49,167,000 47,273,000 MANUFACTURE OF MACARONI, NOODLES, COUSCOUS AND SIMILAR FARINACEOUS PRODUCTS SIDI - 92 EOOD 2,195,000 2,189,000 50.95% VAS EOOD 1,718,000 1,458,000 Operation of dairies and cheese making UNI EXPORT-IMPORT EOOD 1,384,000 1,366,000 Manufacture of oils and fats MANUFACTURE OF BREAD; MANUFACTURE OF FRESH PASTRY GOODS AND CAKES Production of meat and poultry meat products CHIPITA BULGARIA AD 168,948,000 162,962,000

Manufacture of bread; manufacture of fresh pastry goods and cakes SIMID SOFIA OOD 56,601,000 55,190,000 Processing and preserving of meat SIMID AGRO EOOD 51,436,000 49,373,000 OTHER PROCESSING AND PRESERVING OF FRUIT AND VEGETABLES Others NIK-SOT GROUP EOOD 46,626,000 43,972,000 The highest growth, of 27.37%, was recorded by Operation of AGRI BULGARIA EOOD 44,527,000 44,519,000 dairies and cheese making, while Manufacture of sugar KUMINIANO FRUIT OOD 44,510,000 41,624,000 registered the sharpest decline, of 100.00%. MANUFACTURE OF FRUIT AND VEGETABLE JUICE PHILICON 97 AD 33,799,000 32,180,000 KRICHIMFRUKT OOD 5,728,000 5,679,000 MARSHAL 91 OOD 1,367,000 1,367,000 PROCESSING AND PRESERVING OF POTATOES BULKARTO EOOD 14,848,000 14,792,000 VASILEV & TODOROV OOD 10,287,000 10,259,000 ZAIRA-Z Z EOOD 657,000 632,000 PROCESSING AND PRESERVING OF MEAT

4 SeeNews Industry Report

MESOKOMBINAT LOVECH AD 163,417,000 157,167,000 sales revenue. MESOKOMBINAT RUSE AD 81,612,000 78,999,000 MULTIMES GROUP OOD 62,678,000 58,928,000 TOP 10 BY TOTAL ASSETS IN THE INDUSTRY PROCESSING AND PRESERVING OF POULTRY MEAT RANK COMPANY BGN 1 AMYLUM BULGARIA EAD 396,603,000 PILCO EOOD 261,207,000 253,845,000 2 OLIVA AD 360,605,000 GRADUS 1 EOOD 82,104,000 75,696,000 3 BELLA BULGARIA AD 302,675,000 BREZOVO AD 47,129,000 44,387,000 4 ZAHAREN KOMBINAT PLOVDIV AD 229,763,000 PRODUCTION OF MEAT AND POULTRY MEAT PRODUCTS 5 CHIPITA BULGARIA AD 113,885,000 BELLA BULGARIA AD 231,066,000 227,721,000 6 NESTLE BULGARIA AD 108,292,000 KEN AD 53,522,000 52,678,000 7 TOPAZ MEL OOD 102,221,000 DELIKATES 2 OOD 43,998,000 43,998,000 8 GRADUS 1 EOOD 102,097,000 MANUFACTURE OF PREPARED FEEDS FOR FARM ANIMALS 9 MARITZA OLIO AD 97,672,000 VIAND EAD 83,690,000 82,868,000 10 PILCO EOOD 86,060,000 FURAJ ROSITSA EAD 74,517,000 74,486,000 GRADUS-3 AD 60,637,000 59,578,000 MANUFACTURE OF PREPARED PET FOODS BON EOOD 37,023,000 36,468,000 TOP 10 COMPANIES WITH HIGHEST ANNUAL GROWTH IN OPERATING REVENUE IN MANUFACTURE OF FOOD PRODUCTS FURAJNI HRANY OOD 16,252,000 16,226,000 RANK COMPANY Y/Y GROWTH ILTEX EOOD 10,255,000 10,246,000 1 PARADOKS KONSULT 90 OOD 111300.00% MANUFACTURE OF MARGARINE AND SIMILAR EDIBLE FATS 2 UNAVITA EOOD 38900.00% PETTAS BULGARIA AD 11,320,000 10,765,000 3 MK BRATYA RADEVI OOD 38675.00% MILPACK - 2013 OOD 1,417,000 1,352,000 4 RILA MILK MES EOOD 18000.00% DIMITRA EOOD 888,000 752,000 5 EDI VI EOOD 15350.00% MANUFACTURE OF OILS AND FATS 6 DOMINAS EOOD 15000.00% OLIVA AD 560,527,000 534,450,000 7 LIMEC BG EOOD 9050.00% KLAS OIL AD 80,458,000 78,526,000 8 VIVERA AT OOD 7650.00% MARITZA OLIO AD 73,020,000 65,121,000 9 KARINA 23 EOOD 7500.00% PROCESSING AND PRESERVING OF FISH, CRUSTACEANS AND MOLLUSCS 10 MESARNITSA FAMILIA OOD 5300.00% ALMAR SEAFOOD AD 20,108,000 19,829,000 SEVER EXPORT OOD 11,353,000 10,717,000 DIAVENA OOD 10,728,000 9,925,000 TOP 10 COMPANIES BY TOTAL REVENUE IN THE INDUSTRY MANUFACTURE OF GRAIN MILL PRODUCTS MANUFACTURE OF HOMOGENISED FOOD PREPARATIONS AND GOODMILLS BULGARIA EOOD 81,135,000 80,695,000 DIETETIC FOOD WERE: TOPAZ MEL OOD 75,496,000 72,619,000 COMPANY BGN PALIRRIA BULGARIA EAD 54,612,000 49,867,000 GANCHEV EOOD 8,823,000 MANUFACTURE OF STARCHES AND STARCH PRODUCTS SLANCHO AD 5,169,000 AMYLUM BULGARIA EAD 560,773,000 555,395,000 VIVETA OOD 4,290,000 ANGELFOODS EOOD 47,000 47,000 VERNADA EOOD 2,800,000 ET MEMO - MESUT ALIOSMANOV 16,000 16,000 ILEA - M EOOD 2,458,000 HAPPY BEBE EOOD 222,000 LYASI OOD 156,000 The top 10 companies in terms of total revenue in ART CATERING-KRASIMIRA KALCHEVA ET 149,000 Manufacture of food products accounted for 24.54% of the PROSPERITY RUSE OOD 145,000 industry's total in 2018, 24.01% in 2017 and 25.28% in 2016. SKARPA EOOD 131,000

TOP 10 COMPANIES BY TOTAL AND NET SALES REVENUE IN THE INDUSTRY The 10 largest companies in terms of total revenue in sector RANK COMPANY TOTAL REVENUE NET SALE (BGN) REVENUE (BGN) Manufacture of homogenised food preparations and dietetic 1 AMYLUM BULGARIA EAD 560,773,000 555,395,000 food earned total revenue of BGN 24,343,000 and accounted 2 OLIVA AD 560,527,000 534,450,000 for 0.23% of the industry's total revenue. 3 PILCO EOOD 261,207,000 253,845,000 4 NESTLE BULGARIA AD 259,790,000 257,823,000 TOP 10 COMPANIES BY TOTAL REVENUE IN THE SECTOR MANUFACTURE OF PREPARED MEALS AND DISHES WERE: 5 BELLA BULGARIA AD 231,066,000 227,721,000 COMPANY BGN 6 MILKY GROUP BIO EAD 177,281,000 171,824,000 TALAR FOODS EOOD 18,733,000 7 CHIPITA BULGARIA AD 168,948,000 162,962,000 FIESTA 13 OOD 15,961,000 8 MESOKOMBINAT LOVECH AD 163,417,000 157,167,000 MASTAR-PIK EAD 9,739,000 9 ALCAO EOOD 98,088,000 97,183,000 DENITO OOD 9,506,000 10 UNITED MILK COMPANY EAD 84,355,000 82,355,000 VESELINA TRADE EOOD 9,058,000 HLYAB I HLEBNI IZDELIYA EOOD 2,727,000 RUSKA KUHNYA OOD 1,812,000 The total revenues of the top 10 companies in the MESOMANIA TREYD EOOD 1,621,000 Manufacture of food products were 2.59% of GDP in 2018, RADULOV 2012 EOOD 1,474,000 compared to 2.53% for 2017 and 2.62% in 2016. PIKNIK 17 OOD 1,474,000

The top 10 by assets in the Manufacture of food products sector made up BGN 2,211,352,000, or 22.43% of the total net 5 SeeNews Industry Report

The 10 largest companies in terms of total revenue in sector Manufacture of prepared meals and dishes earned total TOP COMPANIES BY TOTAL REVENUE IN THE FIELD revenue of BGN 72,105,000 and accounted for 0.69% of the MANUFACTURE OF SUGAR WERE: industry's total revenue. COMPANY BGN BALGARSKA ZAHAR AD 7,000 TOP 10 COMPANIES BY TOTAL REVENUE IN THE MARKET MANUFACTURE OF CONDIMENTS AND SEASONINGS WERE: COMPANY BGN TOP 10 COMPANIES BY TOTAL REVENUE IN THE SECTOR KONSUL OOD 17,994,000 MANUFACTURE OF OTHER FOOD PRODUCTS N.E.C. WERE: GERMAN BULGARIAN BUSINESS GROUP OOD 17,149,000 COMPANY BGN MERKURIY PROIZVODSTVO I PAKETAZH AD 6,308,000 CREMIO EAD 55,500,000 ALEKS S 2002 EOOD 4,898,000 KENDY OOD 44,223,000 VEDA OOD 4,420,000 PURATOS BULGARIA AD 25,599,000 VITAL OOD 3,478,000 KORONA M EOOD 19,452,000 KODAG EOOD 3,027,000 ELIT P EOOD 18,657,000 SALEX GROUP OOD 3,016,000 APIMEL ORGANIC OOD 18,407,000 PI AY 1 EOOD 2,935,000 BIOSET OOD 15,240,000 RUMYIANA BOGDANOVA EOOD 2,178,000 FORTEX NUTRASUTICALS OOD 13,257,000 PANTELEY TOSHEV OOD 10,790,000 JGV BULGARIA OOD 10,030,000 The 10 largest companies in terms of total revenue in sector Manufacture of condiments and seasonings earned total revenue of BGN 65,403,000 and accounted for 0.63% of the The 10 largest companies in terms of total revenue in sector industry's total revenue. Manufacture of other food products n.e.c. earned total revenue of BGN 231,155,000 and accounted for 2.21% of the TOP 10 COMPANIES BY TOTAL REVENUE IN THE MARKET industry's total revenue. PROCESSING OF TEA AND COFFEE WERE: COMPANY BGN TOP 10 COMPANIES BY TOTAL REVENUE IN THE FIELD OPERATION BALKAM GROUP OOD 59,842,000 OF DAIRIES AND CHEESE MAKING WERE: BIANCHI COFFEE EOOD 21,593,000 COMPANY BGN JACOBS DOUWE EGBERTS OPS BG EOOD 6,363,000 MILKY GROUP BIO EAD 177,281,000 JORDANI EOOD 4,145,000 UNITED MILK COMPANY EAD 84,355,000 AGRO - OIL EOOD 4,072,000 TYRBUL EAD 73,783,000 FOBOS EOOD 3,943,000 DIMITAR MADJAROV 2 EOOD 53,015,000 JULLY EXPRESS EOOD 3,642,000 SCHREIBER FOODS BULGARIA EOOD 45,538,000 VIVA A & M OOD 3,087,000 MEGGLE BULGARIA EOOD 32,955,000 PLANTABUL OOD 2,997,000 ELVI OOD 28,562,000 LINEX EOOD 2,909,000 MJ DAIRIES EOOD 27,434,000 BI SI SI HANDEL OOD 26,159,000 MAKLER COMMERCE EOOD 23,348,000 The 10 largest companies in terms of total revenue in sector Processing of tea and coffee earned total revenue of BGN 112,593,000 and accounted for 1.08% of the industry's total The 10 largest companies in terms of total revenue in sector revenue. Operation of dairies and cheese making earned total revenue of BGN 572,430,000 and accounted for 5.47% of the TOP 10 COMPANIES BY TOTAL REVENUE IN THE MARKET industry's total revenue. MANUFACTURE OF COCOA, CHOCOLATE AND SUGAR CONFECTIONERY WERE: TOP 10 COMPANIES BY TOTAL REVENUE IN THE SECTOR COMPANY BGN MANUFACTURE OF ICE CREAM WERE: NESTLE BULGARIA AD 259,790,000 COMPANY BGN ALCAO EOOD 98,088,000 FRONERI BULGARIA EOOD 55,536,000 MONDELEZ BULGARIA PRODUCTION EOOD 27,543,000 SLADOLEDENA FABRIKA EOOD 14,758,000 INTERION AD 15,583,000 IZIDA OOD 13,653,000 ZAHAREN KOMBINAT PLOVDIV AD 14,109,000 GELATO 2009 EOOD 7,731,000 MELBON AD 13,567,000 CORTE DILETTO EOOD 4,997,000 VALE 1 OOD 7,930,000 CHICHO CHARLI EOOD 4,854,000 CHOCO TEAM OOD 7,676,000 KARIL & TANYA AD 4,381,000 VIP SIMERS GROUP OOD 4,643,000 MEDINA EOOD 2,422,000 SWEET MADGIC EUROPE OOD 4,144,000 JIMMY S ICE CREAM EOOD 1,598,000 ALASKA OOD 900,000

The 10 largest companies in terms of total revenue in sector Manufacture of cocoa, chocolate and sugar confectionery The 10 largest companies in terms of total revenue in sector earned total revenue of BGN 453,073,000 and accounted for Manufacture of ice cream earned total revenue of BGN 4.33% of the industry's total revenue. 110,830,000 and accounted for 1.06% of the industry's total revenue.

6 SeeNews Industry Report

TOP 10 COMPANIES BY TOTAL REVENUE IN THE FIELD TOP 10 COMPANIES BY TOTAL REVENUE IN THE INDUSTRY OTHER MANUFACTURE OF RUSKS AND BISCUITS; MANUFACTURE OF PROCESSING AND PRESERVING OF FRUIT AND VEGETABLES PRESERVED PASTRY GOODS AND CAKES WERE: WERE: COMPANY BGN COMPANY BGN PRESTIGE-96 AD 64,105,000 NIK-SOT GROUP EOOD 46,626,000 ZIV EOOD 57,281,000 AGRI BULGARIA EOOD 44,527,000 ITAL FOOD EAD 49,167,000 KUMINIANO FRUIT OOD 44,510,000 DAY AND NIGHT OOD 31,678,000 OLINESA PREMIUM OOD 38,127,000 POBEDA AD 28,763,000 VICTORIA NUTS EOOD 30,254,000 KARMELA 2000 OOD 15,341,000 FRUCTO SLIVEN AD 25,468,000 NUHEALTH AD 14,793,000 EUROPACK EOOD 24,231,000 SI COMMERCIAL 7 EOOD 14,737,000 KRONOS AD 22,192,000 VELIKOVI OOD 10,770,000 DZHILI SOY DZHIHANGIR IBRYAM ET 21,387,000 A E A OOD 6,944,000 KONEX-TIVA AD 19,285,000

The 10 largest companies in terms of total revenue in sector The 10 largest companies in terms of total revenue in sector Manufacture of rusks and biscuits; manufacture of preserved Other processing and preserving of fruit and vegetables pastry goods and cakes earned total revenue of BGN earned total revenue of BGN 316,607,000 and accounted for 293,579,000 and accounted for 2.81% of the industry's total 3.03% of the industry's total revenue. revenue. TOP 10 COMPANIES BY TOTAL REVENUE IN THE MARKET TOP 10 COMPANIES BY TOTAL REVENUE IN THE FIELD MANUFACTURE OF FRUIT AND VEGETABLE JUICE WERE: MANUFACTURE OF MACARONI, NOODLES, COUSCOUS AND COMPANY BGN SIMILAR FARINACEOUS PRODUCTS WERE: PHILICON 97 AD 33,799,000 COMPANY BGN KRICHIMFRUKT OOD 5,728,000 SIDI - 92 EOOD 2,195,000 MARSHAL 91 OOD 1,367,000 VAS EOOD 1,718,000 SANTULITA OOD 1,304,000 UNI EXPORT-IMPORT EOOD 1,384,000 BAZ KOMPANI OOD 1,268,000 KAVEL INVEST OOD 1,134,000 VITANEA OOD 1,099,000 RAMAS OOD 595,000 PRESS''N FRESH OOD 639,000 SPEKTAR KOMS OOD 460,000 ARONIADA AGRO EOOD 585,000 PLAM ADE EOOD 335,000 EKO MED I KO OOD 481,000 GEOBOY 2009 EOOD 182,000 RANKOS OOD 250,000 GROS - GROZDAN GROZDANOV ET 171,000 NILA OOD 117,000 The 10 largest companies in terms of total revenue in sector Manufacture of fruit and vegetable juice earned total revenue The 10 largest companies in terms of total revenue in sector of BGN 46,520,000 and accounted for 0.44% of the industry's Manufacture of macaroni, noodles, couscous and similar total revenue. farinaceous products earned total revenue of BGN 8,291,000 and accounted for 0.08% of the industry's total revenue. TOP 10 COMPANIES BY TOTAL REVENUE IN THE INDUSTRY PROCESSING AND PRESERVING OF POTATOES WERE: TOP 10 COMPANIES BY TOTAL REVENUE IN THE MARKET COMPANY BGN MANUFACTURE OF BREAD; MANUFACTURE OF FRESH PASTRY BULKARTO EOOD 14,848,000 GOODS AND CAKES WERE: VASILEV & TODOROV OOD 10,287,000 COMPANY BGN ZAIRA-Z Z EOOD 657,000 CHIPITA BULGARIA AD 168,948,000 DANI 5001 EOOD 474,000 SIMID SOFIA OOD 56,601,000 ANRO 73 OOD 332,000 SIMID AGRO EOOD 51,436,000 ANNI EOOD 311,000 SAVIMEX OOD 26,662,000 TITAN SERVICE EOOD 242,000 DOBRUDJANSKI HLIAB AD 19,546,000 GREEN POINT PRODJECT EOOD 190,000 MIO OOD 19,235,000 NIKI NIKOLAY KOLEV 95 EOOD 149,000 TIMS FOODS EOOD 15,747,000 DIRA 2014 EOOD 131,000 HLEBNA PROMISHLENOST AD 14,789,000 K AND G EOOD 11,600,000 ELIAZ OOD 10,678,000 The 10 largest companies in terms of total revenue in sector Processing and preserving of potatoes earned total revenue of BGN 27,621,000 and accounted for 0.26% of the industry's The 10 largest companies in terms of total revenue in sector total revenue. Manufacture of bread; manufacture of fresh pastry goods and cakes earned total revenue of BGN 395,242,000 and accounted for 3.78% of the industry's total revenue.

7 SeeNews Industry Report

TOP 10 COMPANIES BY TOTAL REVENUE IN THE MARKET TOP 10 COMPANIES BY TOTAL REVENUE IN THE FIELD PROCESSING AND PRESERVING OF MEAT WERE: MANUFACTURE OF PREPARED FEEDS FOR FARM ANIMALS WERE: COMPANY BGN COMPANY BGN MESOKOMBINAT LOVECH AD 163,417,000 VIAND EAD 83,690,000 MESOKOMBINAT RUSE AD 81,612,000 FURAJ ROSITSA EAD 74,517,000 MULTIMES GROUP OOD 62,678,000 GRADUS-3 AD 60,637,000 TANDEM POPOVO OOD 22,373,000 BONMIX EOOD 37,148,000 BORIMES OOD 22,342,000 TRAKIYSKI FURAZH OOD 34,480,000 MESOKOMBINAT SVISHTOV OOD 19,590,000 HL-TOPMIX OOD 22,152,000 ECOPRODUCT EOOD 17,846,000 FZ VASIL KOSTOV OOD 18,208,000 ZHAR MESO I MESNI PRODUKTI EOOD 17,835,000 BIOPRODUCTS - BULGARIA EOOD 14,585,000 HELIKOM OOD 17,028,000 VLADINI TRADING EOOD 13,438,000 NOVOMES COMMERCE 1 EOOD 17,018,000 AGRO SIP OOD 11,119,000

The 10 largest companies in terms of total revenue in sector The 10 largest companies in terms of total revenue in sector Processing and preserving of meat earned total revenue of Manufacture of prepared feeds for farm animals earned total BGN 441,739,000 and accounted for 4.22% of the industry's revenue of BGN 369,974,000 and accounted for 3.54% of the total revenue. industry's total revenue.

TOP 10 COMPANIES BY TOTAL REVENUE IN THE SECTOR TOP 10 COMPANIES BY TOTAL REVENUE IN THE SECTOR PROCESSING AND PRESERVING OF POULTRY MEAT WERE: MANUFACTURE OF PREPARED PET FOODS WERE: COMPANY BGN COMPANY BGN PILCO EOOD 261,207,000 BON EOOD 37,023,000 GRADUS 1 EOOD 82,104,000 FURAJNI HRANY OOD 16,252,000 BREZOVO AD 47,129,000 ILTEX EOOD 10,255,000 HERON TRADE OOD 39,180,000 MAX ANIMAL EOOD 903,000 GALUS 2004 EOOD 30,532,000 GIVIS OOD 809,000 SVS 98 EOOD 27,767,000 AGROMARKET INTERNATIONAL OOD 696,000 PREMIUM FOOD BULGARIA OOD 26,994,000 BULDRAINIM OOD 347,000 NEW LIFE 2011 EOOD 24,835,000 KOKO KOMERS OOD 263,000 MAXI CHICKEN OOD 21,557,000 SKALAR EOOD 194,000 SEFFORA EOOD 20,282,000 A I S - 85 EOOD 100,000

The 10 largest companies in terms of total revenue in sector The 10 largest companies in terms of total revenue in sector Processing and preserving of poultry meat earned total Manufacture of prepared pet foods earned total revenue of revenue of BGN 581,587,000 and accounted for 5.56% of the BGN 66,842,000 and accounted for 0.64% of the industry's industry's total revenue. total revenue.

TOP 10 COMPANIES BY TOTAL REVENUE IN THE MARKET TOP COMPANIES BY TOTAL REVENUE IN THE INDUSTRY PRODUCTION OF MEAT AND POULTRY MEAT PRODUCTS WERE: MANUFACTURE OF MARGARINE AND SIMILAR EDIBLE FATS WERE: COMPANY BGN COMPANY BGN BELLA BULGARIA AD 231,066,000 PETTAS BULGARIA AD 11,320,000 KEN AD 53,522,000 MILPACK - 2013 OOD 1,417,000 DELIKATES 2 OOD 43,998,000 DIMITRA EOOD 888,000 CHEH JOSEPH NOVOSAD OOD 39,504,000 KAROL FERNANDEZ MEAT OOD 33,063,000 FINES 2 EOOD 31,993,000 The largest companies in terms of total revenue in sector COMPASS EOOD 31,598,000 Manufacture of margarine and similar edible fats earned total ECO MES EOOD 26,588,000 revenue of BGN 13,625,000 and accounted for 0.13% of the ELIT MES MINEV - RODOPA - V.T. EOOD 24,419,000 industry's total revenue. MAKRO KOR EOOD 23,080,000 TOP 10 COMPANIES BY TOTAL REVENUE IN THE MARKET MANUFACTURE OF OILS AND FATS WERE: The 10 largest companies in terms of total revenue in sector COMPANY BGN OLIVA AD 560,527,000 Production of meat and poultry meat products earned total revenue of BGN 538,831,000 and accounted for 5.15% of the KLAS OIL AD 80,458,000 industry's total revenue. MARITZA OLIO AD 73,020,000 GEOSTROY INZHENERING EOOD 61,704,000 BISER OLIVA AD 54,905,000 AGRO PLANT INVEST EOOD 44,891,000 OLIMEX OOD 33,850,000 FAUSTINA GROUP EOOD 33,127,000

8 SeeNews Industry Report

KEHLIBAR EOOD 29,561,000 The combined costs of the companies in the Manufacture of OLEO PROTEIN EOOD 27,021,000 food products industry reached BGN 9,967,212,000 in 2018.

Total Expenses The 10 largest companies in terms of total revenue in sector Operational expenses Manufacture of oils and fats earned total revenue of BGN 9,967,212,000 999,064,000 and accounted for 9.55% of the industry's total 10,000,000,000 9,620,546,000 revenue. 9,120,357,000 9,849,585,000 9,000,000,000 9,503,142,000 TOP 10 COMPANIES BY TOTAL REVENUE IN THE FIELD 8,988,200,000 8,000,000,000 PROCESSING AND PRESERVING OF FISH, CRUSTACEANS AND

MOLLUSCS WERE: 7,000,000,000 COMPANY BGN

ALMAR SEAFOOD AD 20,108,000 6,000,000,000 SEVER EXPORT OOD 11,353,000 DIAVENA OOD 10,728,000 5,000,000,000

ELECTA EOOD 9,045,000 BGN FISHCOM OOD 8,354,000 4,000,000,000 REYA-FISH EOOD 7,175,000 3,000,000,000 ESETRA COMMERCE EOOD 6,736,000

BLACK SEA FISHERIES BURGAS AD 5,962,000 2,000,000,000 MORSKI RIBOLOV-NESEBAR OOD 5,397,000 SLAVIANKA AD 4,657,000 1,000,000,000

0 The 10 largest companies in terms of total revenue in sector 2016 2017 2018 Processing and preserving of fish, crustaceans and molluscs earned total revenue of BGN 89,515,000 and accounted for In annual terms, total expenses rose by 3.60% compared to 0.86% of the industry's total revenue. 2017 and went up by 9.29% in comparison to 2016.

TOP 10 COMPANIES BY TOTAL REVENUE IN THE FIELD The total operating expenses of the companies in the MANUFACTURE OF GRAIN MILL PRODUCTS WERE: Manufacture of food products industry were BGN COMPANY BGN 9,849,585,000 in 2018. GOODMILLS BULGARIA EOOD 81,135,000

TOPAZ MEL OOD 75,496,000 Operating costs went up by 3.65% compared with the PALIRRIA BULGARIA EAD 54,612,000 previous year and rose by 9.58% when compared to 2016. KOOPERACIJA SIMID 1000 KOOP. 52,443,000 TEHRA EOOD 16,464,000 We expect, based on the trend in the last three years, the total MILL SLIVEN 2003 AD 14,987,000 costs of the Manufacture of food products industry to change COLOR FOODS EOOD 11,321,000 at a compound annual growth rate (CAGR) of 4.54% in 2019. ZARNENI HRANI AD 10,166,000 AGROMILL BULGARIA AD 9,207,000 TOTAL COSTS BY SECTORS MELNITSA VARNA 2006 OOD 8,088,000 RANK SECTOR TOTAL COSTS (BGN) 1 OPERATION OF DAIRIES AND CHEESE MAKING 1,084,881,000 2 MANUFACTURE OF OILS AND FATS 1,080,172,000 The 10 largest companies in terms of total revenue in sector 3 PRODUCTION OF MEAT AND POULTRY MEAT 930,058,000 Manufacture of grain mill products earned total revenue of PRODUCTS BGN 333,919,000 and accounted for 3.19% of the industry's 4 MANUFACTURE OF BREAD; MANUFACTURE OF FRESH 911,114,000 PASTRY GOODS AND CAKES total revenue. 5 PROCESSING AND PRESERVING OF POULTRY MEAT 878,477,000

TOP COMPANIES BY TOTAL REVENUE IN THE FIELD 6 PROCESSING AND PRESERVING OF MEAT 863,903,000 MANUFACTURE OF STARCHES AND STARCH PRODUCTS WERE: 7 OTHER PROCESSING AND PRESERVING OF FRUIT AND 850,876,000 VEGETABLES COMPANY BGN 8 MANUFACTURE OF STARCHES AND STARCH 518,896,000 AMYLUM BULGARIA EAD 560,773,000 PRODUCTS ANGELFOODS EOOD 47,000 9 MANUFACTURE OF COCOA, CHOCOLATE AND SUGAR 490,809,000 ET MEMO - MESUT ALIOSMANOV 16,000 CONFECTIONERY DIKAR 2017 OOD 9,000 10 MANUFACTURE OF PREPARED FEEDS FOR FARM 463,654,000 ANIMALS 11 MANUFACTURE OF GRAIN MILL PRODUCTS 434,450,000 The largest companies in terms of total revenue in sector 12 MANUFACTURE OF OTHER FOOD PRODUCTS N.E.C. 405,321,000 Manufacture of starches and starch products earned total 13 MANUFACTURE OF RUSKS AND BISCUITS; 346,343,000 revenue of BGN 560,845,000 and accounted for 5.36% of the MANUFACTURE OF PRESERVED PASTRY GOODS AND industry's total revenue. CAKES 14 PROCESSING AND PRESERVING OF FISH, 123,129,000 CRUSTACEANS AND MOLLUSCS 15 PROCESSING OF TEA AND COFFEE 120,505,000 IV. EXPENSES 9 SeeNews Industry Report

16 MANUFACTURE OF ICE CREAM 107,437,000 17 MANUFACTURE OF PREPARED MEALS AND DISHES 95,529,000 Employment expenses 18 MANUFACTURE OF CONDIMENTS AND SEASONINGS 81,469,000 19 MANUFACTURE OF PREPARED PET FOODS 62,590,000 Salaries expenses 20 MANUFACTURE OF FRUIT AND VEGETABLE JUICE 47,245,000 Social security expenses 21 PROCESSING AND PRESERVING OF POTATOES 26,773,000 1,000,000,000 956,395,000 22 MANUFACTURE OF HOMOGENISED FOOD 22,262,000 PREPARATIONS AND DIETETIC FOOD 900,000,000 868,465,000 23 MANUFACTURE OF MARGARINE AND SIMILAR EDIBLE 13,227,000 786,584,000 FATS 800,000,000 816,088,000 24 MANUFACTURE OF MACARONI, NOODLES, 7,964,000 COUSCOUS AND SIMILAR FARINACEOUS PRODUCTS 700,000,000 740,894,000 25 MANUFACTURE OF SUGAR 128,000 600,000,000672,192,000

500,000,000 BGN

400,000,000 INDUSTRY'S TOTAL COSTS STRUCTURE BY SECTORS 300,000,000 8.81% 10.84% 200,000,000 139,328,000 9.33% 111,887,000 125,903,000 100,000,000

0 10.88% 2016 2017 2018 9.14%

The highest growth in labour costs, of 26.01%, was registered by Manufacture of other food products n.e.c., while Manufacture of sugar marked the sharpest fall, of 99.61%.

The monthly costs per employee in the Manufacture of food products industry averaged BGN 1,075 in 2018, BGN 977 in 2017 and BGN 867 in 2016.

The monthly social security costs per employee in the 50.99% industry averaged BGN 157 in 2018, versus BGN 142 in 2017 and BGN 123 in 2016. Operation of dairies and cheese making Manufacture of oils and fats EMPLOYMENT EXPENSES IN MANUFACTURE OF FOOD PRODUCTS Production of meat and poultry meat products BY SECTORS IN 2018 Manufacture of bread; manufacture of fresh pastry goods and cakes RANK SECTOR EMPLOYMENT AVERAGE EXPENSES (BGN) EXPENSES PER Processing and preserving of poultry meat EMPLOYEE (BGN) Others 1 MANUFACTURE OF BREAD; MANUFACTURE 183,757,000 9,372 OF FRESH PASTRY GOODS AND CAKES Manufacture of cocoa, chocolate and sugar confectionery 2 OTHER PROCESSING AND PRESERVING OF 89,830,000 13,512 marked the highest annual rise in total expenses, of 30.90%, FRUIT AND VEGETABLES while total expenses fell the most, by 99.75%, for Manufacture 3 OPERATION OF DAIRIES AND CHEESE 87,234,000 12,107 MAKING of sugar. 4 PRODUCTION OF MEAT AND POULTRY MEAT 81,846,000 13,526 PRODUCTS In terms of operating expenses, the highest growth, of 5 PROCESSING AND PRESERVING OF POULTRY 73,062,000 14,580 30.62%, was recorded by the Manufacture of cocoa, MEAT chocolate and sugar confectionery sector. The sharpest fall 6 MANUFACTURE OF RUSKS AND BISCUITS; 65,319,000 16,962 was posted by Manufacture of sugar - 99.94%. MANUFACTURE OF PRESERVED PASTRY GOODS AND CAKES The biggest spenders in the industry, with costs of over 10% 7 PROCESSING AND PRESERVING OF MEAT 62,148,000 11,876 of industry's costs, numbered 26, including BISER OLIVA AD, 8 MANUFACTURE OF COCOA, CHOCOLATE 57,568,000 17,867 AND SUGAR CONFECTIONERY VIAND EAD, GEOSTROY INZHENERING EOOD, BELLA 9 MANUFACTURE OF OTHER FOOD PRODUCTS 52,719,000 17,325 BULGARIA AD, ZIV EOOD. The medium spenders, or those in N.E.C. the 5% and 10% range count 36 and include CHEH JOSEPH 10 MANUFACTURE OF OILS AND FATS 36,542,000 16,112 NOVOSAD OOD, MEGGLE BULGARIA EOOD, KEHLIBAR 11 MANUFACTURE OF GRAIN MILL PRODUCTS 35,060,000 11,761 EOOD, KEN AD, ZAHAREN KOMBINAT PLOVDIV AD. Below 12 MANUFACTURE OF PREPARED FEEDS FOR 24,439,000 17,043 5% threshhold are 5,329 companies, including TOT - TED FARM ANIMALS EOOD, VITBUL EOOD, DIKSI - SZ OOD, MOTRISA EOOD, 13 PROCESSING AND PRESERVING OF FISH, 16,223,000 10,320 TSENTRAL 1 SABIHA AKIF ET. CRUSTACEANS AND MOLLUSCS 14 MANUFACTURE OF STARCHES AND STARCH 15,838,000 50,926 Employment expenses in the Manufacture of food products PRODUCTS industry rose by 10.12% on the year to BGN 956,395,000 in 15 MANUFACTURE OF PREPARED MEALS AND 15,518,000 9,916 2018. DISHES 10 SeeNews Industry Report

16 MANUFACTURE OF CONDIMENTS AND 15,475,000 17,081 EXPENSES ON TAXES BY SECTORS SEASONINGS RANK SECTOR BGN Y/Y CHANGE 17 MANUFACTURE OF ICE CREAM 12,609,000 16,042 1 PRODUCTION OF MEAT AND POULTRY MEAT 6,562,000 32.81% 18 PROCESSING OF TEA AND COFFEE 10,671,000 12,223 PRODUCTS 19 MANUFACTURE OF PREPARED PET FOODS 8,542,000 17,796 2 OTHER PROCESSING AND PRESERVING OF 6,032,000 5.45% FRUIT AND VEGETABLES 20 MANUFACTURE OF FRUIT AND VEGETABLE 4,397,000 11,757 JUICE 3 MANUFACTURE OF BREAD; MANUFACTURE OF 6,018,000 -20.49% FRESH PASTRY GOODS AND CAKES 21 MANUFACTURE OF HOMOGENISED FOOD 3,732,000 12,236 PREPARATIONS AND DIETETIC FOOD 4 OPERATION OF DAIRIES AND CHEESE MAKING 4,623,000 42.16% 22 PROCESSING AND PRESERVING OF 1,649,000 8,589 5 MANUFACTURE OF OTHER FOOD PRODUCTS 4,452,000 -3.84% POTATOES N.E.C. 23 MANUFACTURE OF MACARONI, NOODLES, 1,231,000 7,599 6 PROCESSING AND PRESERVING OF POULTRY 4,290,000 -26.85% COUSCOUS AND SIMILAR FARINACEOUS MEAT PRODUCTS 7 MANUFACTURE OF STARCHES AND STARCH 4,208,000 -11.13% 24 MANUFACTURE OF MARGARINE AND 982,000 13,639 PRODUCTS SIMILAR EDIBLE FATS 8 MANUFACTURE OF OILS AND FATS 3,308,000 287.35% 25 MANUFACTURE OF SUGAR 4,000 4,000 9 PROCESSING AND PRESERVING OF MEAT 2,817,000 45.06% 10 MANUFACTURE OF GRAIN MILL PRODUCTS 2,504,000 -1.34% 11 MANUFACTURE OF RUSKS AND BISCUITS; 2,443,000 -0.16% THE TOP 10 COMPANIES BY AVERAGE MONTHLY COSTS PER MANUFACTURE OF PRESERVED PASTRY EMPLOYEE IN THE INDUSTRY GOODS AND CAKES RANK COMPANY BGN 12 MANUFACTURE OF COCOA, CHOCOLATE AND 2,270,000 -33.55% SUGAR CONFECTIONERY 1 ZIV EOOD 41,481 13 MANUFACTURE OF PREPARED FEEDS FOR 1,991,000 -3.44% 2 SALEX GROUP OOD 26,833 FARM ANIMALS 3 KONDOV ECOPRODUCTION EOOD 19,833 14 PROCESSING AND PRESERVING OF FISH, 1,360,000 -2.51% 4 NIPEX - N EOOD 11,583 CRUSTACEANS AND MOLLUSCS 5 BERUS-97 AD 11,167 15 MANUFACTURE OF ICE CREAM 678,000 0.74% 6 NIK-SOT GROUP EOOD 10,240 16 MANUFACTURE OF CONDIMENTS AND 452,000 -18.71% 7 NUR PILE EOOD 10,199 SEASONINGS 8 USTREM OOD 8,792 17 MANUFACTURE OF PREPARED MEALS AND 446,000 -9.90% DISHES 9 GEOSTROY INZHENERING EOOD 8,051 18 MANUFACTURE OF PREPARED PET FOODS 444,000 -17.47% 10 HLEBNI IZDELIA-LOZENEZ EAD 6,500 19 PROCESSING OF TEA AND COFFEE 294,000 -50.17% 20 MANUFACTURE OF HOMOGENISED FOOD 287,000 2.14% PREPARATIONS AND DIETETIC FOOD The industry's tax expenses stood at BGN 55,839,000 in 2018. 21 MANUFACTURE OF FRUIT AND VEGETABLE 139,000 61.63% In 2017 it paid taxes of BGN 54,838,000. In 2016 the industry JUICE paid BGN 54,033,000 in taxes. 22 PROCESSING AND PRESERVING OF POTATOES 112,000 67.16% 23 MANUFACTURE OF MACARONI, NOODLES, 68,000 -41.38% COUSCOUS AND SIMILAR FARINACEOUS Average taxes expenses by company PRODUCTS 11,000 10,357 24 MANUFACTURE OF MARGARINE AND SIMILAR 41,000 -28.07% 10,071 9,822 EDIBLE FATS 10,000 25 MANUFACTURE OF SUGAR 0 -100.00%

9,000

8,000 V. PROFITABILITY 7,000

6,000 The industry's net profit amounted to BGN 433,113,000 in 2018, compared to a net profit of BGN 431,758,000 in 2017 BGN 5,000 and a net profit of BGN 451,206,000 in 2016.

4,000

3,000

2,000

1,000

0 2016 2017 2018

11 SeeNews Industry Report

Net profit/loss PROCESSING AND PRESERVING OF MEAT 26,986,000 12,325,000 12,293,000 Operating profit/loss PROCESSING AND PRESERVING OF POULTRY 25,931,000 60,881,000 46,618,000

600,000,000 MEAT MANUFACTURE OF RUSKS AND BISCUITS; 25,101,000 21,469,000 27,176,000 550,000,000 MANUFACTURE OF PRESERVED PASTRY 505,239,000 486,596,000 488,952,000 GOODS AND CAKES 500,000,000 MANUFACTURE OF GRAIN MILL PRODUCTS 25,020,000 21,325,000 27,843,000

450,000,000 MANUFACTURE OF PREPARED FEEDS FOR 18,758,000 18,668,000 11,842,000 451,206,000 FARM ANIMALS 400,000,000 433,113,000 431,758,000 MANUFACTURE OF COCOA, CHOCOLATE 16,833,000 29,703,000 47,691,000 AND SUGAR CONFECTIONERY 350,000,000 PROCESSING AND PRESERVING OF FISH, 14,094,000 14,755,000 10,980,000 300,000,000 CRUSTACEANS AND MOLLUSCS

BGN MANUFACTURE OF ICE CREAM 6,691,000 6,810,000 286,000 250,000,000 MANUFACTURE OF PREPARED PET FOODS 4,441,000 4,951,000 2,307,000 200,000,000 PROCESSING OF TEA AND COFFEE 3,862,000 6,633,000 4,237,000 MANUFACTURE OF CONDIMENTS AND 3,805,000 5,065,000 7,172,000 150,000,000 SEASONINGS

100,000,000 MANUFACTURE OF HOMOGENISED FOOD 2,563,000 2,096,000 1,892,000 PREPARATIONS AND DIETETIC FOOD 50,000,000 PROCESSING AND PRESERVING OF 1,212,000 600,000 208,000 POTATOES 0 MANUFACTURE OF MACARONI, NOODLES, 710,000 1,218,000 229,000 2016 2017 2018 COUSCOUS AND SIMILAR FARINACEOUS PRODUCTS

MANUFACTURE OF MARGARINE AND 398,000 562,000 370,000 TOP 10 COMPANIES BY HIGHEST NET PROFIT IN MANUFACTURE SIMILAR EDIBLE FATS OF FOOD PRODUCTS MANUFACTURE OF FRUIT AND VEGETABLE 220,000 -193,000 -1,501,000 RANK COMPANY BGN JUICE 1 AMYLUM BULGARIA EAD 37,732,000 MANUFACTURE OF SUGAR -121,000 -1,506,000 3,849,000 2 CHIPITA BULGARIA AD 20,942,000 MANUFACTURE OF PREPARED MEALS AND -656,000 -2,001,000 2,328,000 3 NESTLE BULGARIA AD 20,918,000 DISHES 4 OLIVA AD 16,939,000 5 BELLA BULGARIA AD 15,920,000 6 PILCO EOOD 13,674,000 The profit margin for the Manufacture of food products 7 PALIRRIA BULGARIA EAD 10,474,000 industry stood at 4.71% in 2018, while in 2017 it amounted to 8 PRESTIGE-96 AD 9,597,000 4.85% and 5.29% in 2016. 9 UNITED MILK COMPANY EAD 9,142,000 10 SIMID SOFIA OOD 6,638,000 PROFIT MARGIN BY SECTORS RANK SECTOR PROFIT MARGIN 1 PROCESSING AND PRESERVING OF FISH, CRUSTACEANS 10.34% TOP COMPANIES BY HIGHEST NET LOSS IN MANUFACTURE OF AND MOLLUSCS FOOD PRODUCTS 2 MANUFACTURE OF HOMOGENISED FOOD PREPARATIONS 10.33% RANK COMPANY BGN AND DIETETIC FOOD 1 ZAHAREN KOMBINAT PLOVDIV AD 20,426,000 3 MANUFACTURE OF OTHER FOOD PRODUCTS N.E.C. 8.87% 2 ET ELPIN TREYD - ELENA NIKOLOVA 6,323,000 4 MANUFACTURE OF MACARONI, NOODLES, COUSCOUS 8.21% 3 BULGARPLOD SOFIA AD 5,634,000 AND SIMILAR FARINACEOUS PRODUCTS 4 TALAR FOODS EOOD 3,431,000 5 MANUFACTURE OF STARCHES AND STARCH PRODUCTS 7.48% 5 DILMANO DILBERO AD 2,821,000 6 MANUFACTURE OF RUSKS AND BISCUITS; MANUFACTURE 6.79% OF PRESERVED PASTRY GOODS AND CAKES

7 MANUFACTURE OF PREPARED PET FOODS 6.63%

8 PRODUCTION OF MEAT AND POULTRY MEAT PRODUCTS 6.23% The combined operating earnings of the companies in the Manufacture of food products industry went up by 0.48% y/y 9 MANUFACTURE OF ICE CREAM 6.10% 10 MANUFACTURE OF BREAD; MANUFACTURE OF FRESH 5.84% to BGN 488,952,000 in 2018. PASTRY GOODS AND CAKES 11 MANUFACTURE OF GRAIN MILL PRODUCTS 5.47% OPERATING PROFIT/LOSS BY SECTORS (BGN) 12 OTHER PROCESSING AND PRESERVING OF FRUIT AND 5.14% SECTOR 2018 2017 2016 VEGETABLES PRODUCTION OF MEAT AND POULTRY 61,379,000 47,630,000 60,832,000 MEAT PRODUCTS 13 MANUFACTURE OF CONDIMENTS AND SEASONINGS 4.47% MANUFACTURE OF BREAD; MANUFACTURE 56,365,000 70,911,000 58,327,000 14 PROCESSING AND PRESERVING OF POTATOES 4.33% OF FRESH PASTRY GOODS AND CAKES 15 MANUFACTURE OF PREPARED FEEDS FOR FARM ANIMALS 3.91% OTHER PROCESSING AND PRESERVING OF 45,780,000 46,540,000 51,939,000 16 OPERATION OF DAIRIES AND CHEESE MAKING 3.53% FRUIT AND VEGETABLES 17 MANUFACTURE OF COCOA, CHOCOLATE AND SUGAR 3.35% MANUFACTURE OF STARCHES AND STARCH 41,949,000 47,183,000 52,310,000 CONFECTIONERY PRODUCTS 18 PROCESSING OF TEA AND COFFEE 3.25% OPERATION OF DAIRIES AND CHEESE 39,591,000 22,074,000 31,914,000 19 PROCESSING AND PRESERVING OF MEAT 3.03% MAKING 20 PROCESSING AND PRESERVING OF POULTRY MEAT 2.92% MANUFACTURE OF OTHER FOOD 39,375,000 44,300,000 35,330,000 PRODUCTS N.E.C. 21 MANUFACTURE OF MARGARINE AND SIMILAR EDIBLE FATS 2.92% MANUFACTURE OF OILS AND FATS 28,665,000 4,597,000 8,767,000 22 MANUFACTURE OF OILS AND FATS 2.61%

12 SeeNews Industry Report

23 MANUFACTURE OF FRUIT AND VEGETABLE JUICE 0.47% LEADING INDUSTRY'S SECTORS BY ROE 24 MANUFACTURE OF PREPARED MEALS AND DISHES -0.69% 37.36 25 MANUFACTURE OF SUGAR -1728.57% 38 34.2

The Manufacture of food products industry's return on equity 30.4 (ROE) is 10.91% compared to 11.54% in 2017 and 12.99% in 26.6 2016. 22.8 21.89 19.51 The Manufacture of food products's return on assets (ROA) 19 was 4.97%, while in 2017 it amounted to 5.22% and 5.57% in 15.2 2016. 11.4

ROE 7.6 ROA 3.8 12.99% 13 0 Processing and Processing and Manufacture of 11.54% preserving of preserving of meat bread; manufacture 11.7 10.91% potatoes of fresh pastry goods and cakes 10.4 TOP 10 COMPANIES BY HIGHEST AVERAGE NET PROFIT PER 9.1 EMPLOYEE IN MANUFACTURE OF FOOD PRODUCTS RANK COMPANY BGN COMPANY HEADQUARTERS 7.8 (CITY) 1 ADISAN EOOD 755,000 SOFIA 6.5 2 BIOPRODUCTS - BULGARIA EOOD 496,333 PLOVDIV

5.2 3 BIOFRUT OOD 460,800 LYASKOVET 5.57% S 5.22% 4.97% 3.9 4 MAX COLLECTION-1 EOOD 458,400 PAZARDZHI K

2.6 5 DRB AD 419,000 SOFIA 6 ALFA MARKETING EOOD 347,000 SOFIA 1.3 7 ELIMUS EOOD 333,000 SOFIA 8 MATEV PTITSI OOD 293,000 PLOVDIV 0 9 BULGAFROST AD 239,000 PLOVDIV 2016 2017 2018 10 NIK-SOT GROUP EOOD 236,125 VARNA

LEADING INDUSTRY'S SECTORS BY ROA About 40.00% of the 10 leading companies in terms of net 10 9.51 profit per employee are located in SOFIA, while 30.00% are 9.23 9.14 PLOVDIV-based and 10.00% are headquartered in 9 PAZARDZHIK. 8 7 The average net sales revenue per employee in the Manufacture of food products industry amounted to BGN 6 132,982 in 2018, up by 3.63% compared to 2017 and up by 5 12.68% compared to 2016.

4 The industry's average operating revenue per employee 3 increased by 3.53% year-on-year in 2018 to BGN 140,099. It increased by 10.78% compared to 2016. 2 1 The Manufacture of food products market generated an average BGN 141,010 in total revenue per employee. In 2017 0 Manufacture of Manufacture of other Processing and and 2016 the figure was BGN 136,459 and BGN 127,343, starches and starch food products n.e.c. preserving of fish, products crustaceans and respectively. molluscs The average total revenue per company in the Manufacture of food products industry increased to BGN 1,939,559 in 2018 from BGN 1,856,224 in 2017. The 2016 value was BGN 1,749,790.

A company in the Manufacture of food products market made on average a net sales revenue of BGN 1,829,142 in 2018, compared to BGN 1,745,483 in 2017 and BGN 1,621,722 in 2016.

13 SeeNews Industry Report

The Manufacture of food products industry made 3.39% of the overall sales country-wide, reducing its market share by MANUFACTURE OF FRUIT AND 121,810 125,168 126,912 374 0.11 pp. VEGETABLE JUICE PROCESSING AND PRESERVING OF 144,078 145,745 145,755 192 Operating profit per employee for the industry as a whole was POTATOES BGN 6,594 in 2018. For comparison in 2017 it amounted to PROCESSING AND PRESERVING OF 162,310 170,162 170,244 5,233 MEAT BGN 6,570 and BGN 6,570 in 2016. PROCESSING AND PRESERVING OF 167,778 177,225 180,485 5,011 POULTRY MEAT THE TOP BY OPERATIONAL PROFIT PER EMPLOYEE IN PRODUCTION OF MEAT AND 160,030 162,900 163,847 6,051 MANUFACTURE OF FOOD PRODUCTS POULTRY MEAT PRODUCTS RANK COMPANY BGN MANUFACTURE OF PREPARED 305,232 334,330 336,410 1,434 1 ADISAN EOOD 846,000 FEEDS FOR FARM ANIMALS 2 BIOPRODUCTS - BULGARIA EOOD 525,000 MANUFACTURE OF PREPARED PET 137,825 139,523 139,648 480 3 MAX COLLECTION-1 EOOD 509,400 FOODS 4 DRB AD 470,000 MANUFACTURE OF MARGARINE 178,736 189,028 189,236 72 AND SIMILAR EDIBLE FATS 5 BIOFRUT OOD 460,800 MANUFACTURE OF OILS AND FATS 459,943 485,017 488,905 2,268

PROCESSING AND PRESERVING OF 79,431 86,747 87,292 1,572 FISH, CRUSTACEANS AND TOP 10 COMPANIES WITH HIGHEST CORRELATION OPERATING MOLLUSCS REVENUE - NUMBER OF EMPLOYEES - EMPLOYMENT EXPENSES* MANUFACTURE OF GRAIN MILL 137,931 153,501 154,133 2,981 RANK COMPANY NAME CORRELATION PRODUCTS (BGN) MANUFACTURE OF STARCHES 1,786,068 1,803,270 1,803,360 311 1 DRB AD 8,713,000 AND STARCH PRODUCTS 2 ADISAN EOOD 6,340,000 3 NIK-SOT GROUP EOOD 5,625,250 4 BIEN MANGER OOD 4,343,000 AVERAGE REVENUE PER COMPANY IN MANUFACTURE OF FOOD 5 NEW LIFE 2011 EOOD 2,749,333 PRODUCTS IN 2018 6 MATEV PTITSI OOD 2,697,000 SECTOR AVERAGE NET AVERAGE AVERAGE TOTAL NUMBER OF SALES REVENUE OPERATING REVENUE (BGN) COMPANIES 7 SALEX GROUP OOD 2,694,000 (BGN) REVENUE (BGN) 8 ALMAR SEAFOOD AD 2,499,125 MANUFACTURE OF 111,093,400 112,163,400 112,169,000 5 9 BIOPRODUCTS - BULGARIA EOOD 2,339,667 STARCHES AND STARCH PRODUCTS 10 GEOSTROY INZHENERING EOOD 2,200,731 MANUFACTURE OF OILS 15,805,318 16,666,955 16,800,561 66 AND FATS PROCESSING AND 8,492,303 8,970,455 9,135,434 99 *The correlation is calculated by subtracting the quotient of the operating profit, and PRESERVING OF POULTRY the employment expenses to the number of employees. MEAT PROCESSING AND 4,938,186 5,177,081 5,179,587 172 AVERAGE REVENUES PER EMPLOYEE IN MANUFACTURE OF FOOD PRESERVING OF MEAT PRODUCTS IN 2018 MANUFACTURE OF 4,607,400 5,046,621 5,078,021 95 SECTOR AVERAGE NET AVERAGE AVERAGE NUMBER OF PREPARED FEEDS FOR FARM SALES OPERATING TOTAL EMPLOYEES REVENUE REVENUE REVENUE ANIMALS (BGN) (BGN) (BGN) PRODUCTION OF MEAT AND 4,890,611 4,978,323 5,007,258 198 MANUFACTURE OF 78,348 81,361 81,393 305 POULTRY MEAT PRODUCTS HOMOGENISED FOOD MANUFACTURE OF 4,289,667 4,536,667 4,541,667 3 PREPARATIONS AND DIETETIC MARGARINE AND SIMILAR FOOD EDIBLE FATS MANUFACTURE OF PREPARED 59,106 60,490 60,622 1,565 MANUFACTURE OF GRAIN 3,704,252 4,122,387 4,139,369 111 MEALS AND DISHES MILL PRODUCTS MANUFACTURE OF CONDIMENTS 90,274 93,927 94,121 906 OPERATION OF DAIRIES AND 3,627,893 3,866,145 3,877,490 290 AND SEASONINGS CHEESE MAKING PROCESSING OF TEA AND COFFEE 130,718 136,151 142,459 873 MANUFACTURE OF 3,481,895 3,524,789 3,527,947 19 MANUFACTURE OF COCOA, 151,561 156,062 157,555 3,222 PREPARED PET FOODS CHOCOLATE AND SUGAR PROCESSING AND 3,045,488 3,326,000 3,346,902 41 CONFECTIONERY PRESERVING OF FISH, MANUFACTURE OF SUGAR 0 7,000 7,000 1 CRUSTACEANS AND MANUFACTURE OF OTHER FOOD 137,112 145,834 146,137 3,043 MOLLUSCS PRODUCTS N.E.C. MANUFACTURE OF COCOA, 2,855,737 2,940,532 2,968,667 171 OPERATION OF DAIRIES AND 146,022 155,612 156,068 7,205 CHOCOLATE AND SUGAR CHEESE MAKING CONFECTIONERY MANUFACTURE OF ICE CREAM 136,606 139,602 145,201 786 PROCESSING OF TEA AND 2,717,071 2,830,000 2,961,119 42 COFFEE MANUFACTURE OF RUSKS AND 92,644 96,025 96,454 3,851 BISCUITS; MANUFACTURE OF MANUFACTURE OF ICE 2,556,476 2,612,548 2,717,333 42 PRESERVED PASTRY GOODS AND CREAM CAKES OTHER PROCESSING AND 2,250,061 2,468,028 2,483,812 361 MANUFACTURE OF MACARONI, 46,932 53,414 53,543 162 PRESERVING OF FRUIT AND NOODLES, COUSCOUS AND VEGETABLES SIMILAR FARINACEOUS PRODUCTS MANUFACTURE OF RUSKS 2,272,427 2,355,357 2,365,885 157 MANUFACTURE OF BREAD; 47,122 49,189 49,346 19,606 AND BISCUITS; MANUFACTURE OF FRESH PASTRY MANUFACTURE OF GOODS AND CAKES PRESERVED PASTRY GOODS AND CAKES OTHER PROCESSING AND 122,183 134,019 134,876 6,648 PRESERVING OF FRUIT AND MANUFACTURE OF 1,543,170 1,605,623 1,608,943 53 VEGETABLES CONDIMENTS AND 14 SeeNews Industry Report

SEASONINGS

15 SeeNews Industry Report

PROCESSING AND 1,383,150 1,399,150 1,399,250 20 PRESERVING OF POTATOES MANUFACTURE OF MACARONI, 3,035,000 4,329,000 8,557,000 MANUFACTURE OF FRUIT 1,301,629 1,337,514 1,356,143 35 NOODLES, COUSCOUS AND SIMILAR AND VEGETABLE JUICE FARINACEOUS PRODUCTS MANUFACTURE OF 1,250,014 1,279,284 1,282,068 74 MANUFACTURE OF SUGAR 2,197,000 9,479,000 17,646,000 PREPARED MEALS AND DISHES

MANUFACTURE OF 1,038,957 1,078,913 1,079,348 23 HOMOGENISED FOOD Debt-to-assets ratio of the companies in the industry is 0.52 PREPARATIONS AND in 2018. It was 0.52 in 2017 and 0.54 in 2016. DIETETIC FOOD MANUFACTURE OF OTHER 925,129 983,976 986,022 451 According to market experts, the greatest impact on the FOOD PRODUCTS N.E.C. development of the Manufacture of food products industry MANUFACTURE OF 330,565 376,217 377,130 23 has amortisation expenses. In 2018 it stood at BGN MACARONI, NOODLES, COUSCOUS AND SIMILAR 323,753,000, according to the financial statements of the FARINACEOUS PRODUCTS companies in the industry. In 2017 the figure was BGN MANUFACTURE OF BREAD; 325,539 339,814 340,902 2,838 311,633,000 and BGN 278,908,000 in 2016. MANUFACTURE OF FRESH PASTRY GOODS AND CAKES MANUFACTURE OF SUGAR 0 3,500 3,500 2 VI. EMPLOYMENT

The total indebtedness of the companies in the Manufacture A total of 74,152 people were employed in the Manufacture of of food products industry was BGN 4,513,025,000 versus food products sector at the end of 2018, compared to 74,067 BGN 4,307,336,000 a year ago. In 2016 the industry's in 2017 and 75,588 in 2016. indebtedness totalled BGN 4,412,310,000. NUMBER OF EMPLOYEES BY INDUSTRY SECTORS SECTOR NUMBER SHARE OF INDUSTRY'S INDEBTEDNESS BY SECTORS (BGN) INDUSTRY SECTOR 2018 2017 2016 TOTAL MANUFACTURE OF OILS AND FATS 635,953,000 624,503,000 658,833,000 MANUFACTURE OF BREAD; MANUFACTURE OF FRESH 19,606 26.44% OTHER PROCESSING AND PRESERVING 616,352,000 575,173,000 501,951,000 PASTRY GOODS AND CAKES OF FRUIT AND VEGETABLES OPERATION OF DAIRIES AND CHEESE MAKING 7,205 9.72% MANUFACTURE OF BREAD; 497,350,000 451,665,000 470,668,000 OTHER PROCESSING AND PRESERVING OF FRUIT AND 6,648 8.97% MANUFACTURE OF FRESH PASTRY VEGETABLES GOODS AND CAKES PRODUCTION OF MEAT AND POULTRY MEAT PRODUCTS 6,051 8.16% OPERATION OF DAIRIES AND CHEESE 493,356,000 433,691,000 439,826,000 PROCESSING AND PRESERVING OF MEAT 5,233 7.06% MAKING PROCESSING AND PRESERVING OF POULTRY MEAT 5,011 6.76% PRODUCTION OF MEAT AND POULTRY 323,399,000 339,128,000 385,506,000 MEAT PRODUCTS MANUFACTURE OF RUSKS AND BISCUITS; MANUFACTURE 3,851 5.19% OF PRESERVED PASTRY GOODS AND CAKES MANUFACTURE OF GRAIN MILL 274,631,000 296,712,000 310,935,000 PRODUCTS MANUFACTURE OF COCOA, CHOCOLATE AND SUGAR 3,222 4.35% CONFECTIONERY MANUFACTURE OF PREPARED FEEDS FOR 261,444,000 265,476,000 285,836,000 FARM ANIMALS MANUFACTURE OF OTHER FOOD PRODUCTS N.E.C. 3,043 4.10% PROCESSING AND PRESERVING OF 257,000,000 210,453,000 231,507,000 MANUFACTURE OF GRAIN MILL PRODUCTS 2,981 4.02% POULTRY MEAT MANUFACTURE OF OILS AND FATS 2,268 3.06% PROCESSING AND PRESERVING OF MEAT 247,521,000 240,658,000 249,940,000 PROCESSING AND PRESERVING OF FISH, CRUSTACEANS 1,572 2.12% MANUFACTURE OF COCOA, CHOCOLATE 199,045,000 151,852,000 146,443,000 AND MOLLUSCS AND SUGAR CONFECTIONERY MANUFACTURE OF PREPARED MEALS AND DISHES 1,565 2.11% MANUFACTURE OF OTHER FOOD 170,133,000 161,615,000 147,598,000 MANUFACTURE OF PREPARED FEEDS FOR FARM ANIMALS 1,434 1.93% PRODUCTS N.E.C. MANUFACTURE OF CONDIMENTS AND SEASONINGS 906 1.22% MANUFACTURE OF RUSKS AND 152,388,000 128,386,000 132,115,000 PROCESSING OF TEA AND COFFEE 873 1.18% BISCUITS; MANUFACTURE OF PRESERVED PASTRY GOODS AND CAKES MANUFACTURE OF ICE CREAM 786 1.06% MANUFACTURE OF STARCHES AND 97,881,000 106,814,000 88,919,000 MANUFACTURE OF PREPARED PET FOODS 480 0.65% STARCH PRODUCTS MANUFACTURE OF FRUIT AND VEGETABLE JUICE 374 0.50% PROCESSING OF TEA AND COFFEE 56,441,000 56,445,000 53,437,000 MANUFACTURE OF STARCHES AND STARCH PRODUCTS 311 0.42% PROCESSING AND PRESERVING OF FISH, 54,242,000 52,959,000 54,480,000 MANUFACTURE OF HOMOGENISED FOOD PREPARATIONS 305 0.41% CRUSTACEANS AND MOLLUSCS AND DIETETIC FOOD MANUFACTURE OF PREPARED MEALS 35,693,000 31,390,000 24,606,000 PROCESSING AND PRESERVING OF POTATOES 192 0.26% AND DISHES MANUFACTURE OF MACARONI, NOODLES, COUSCOUS 162 0.22% MANUFACTURE OF ICE CREAM 35,033,000 48,888,000 84,165,000 AND SIMILAR FARINACEOUS PRODUCTS MANUFACTURE OF FRUIT AND 25,997,000 35,101,000 35,772,000 MANUFACTURE OF MARGARINE AND SIMILAR EDIBLE FATS 72 0.10% VEGETABLE JUICE MANUFACTURE OF SUGAR 1 0.00% MANUFACTURE OF PREPARED PET 19,919,000 31,053,000 33,700,000 FOODS

MANUFACTURE OF CONDIMENTS AND 19,636,000 17,008,000 19,065,000 SEASONINGS MANUFACTURE OF MARGARINE AND 13,934,000 14,400,000 11,568,000 SIMILAR EDIBLE FATS PROCESSING AND PRESERVING OF 12,939,000 11,566,000 14,784,000 POTATOES MANUFACTURE OF HOMOGENISED 7,506,000 8,592,000 4,453,000 FOOD PREPARATIONS AND DIETETIC FOOD 16 SeeNews Industry Report

TOP 10 FIRMS BY SHARE IN INDUSTRY'S TOTAL NUMBER OF ALLOCATION OF EMPLOYEES BY INDUSTRY'S SECTORS EMPLOYEES 7,205 RANK COMPANY NUMBER OF SHARE 6,648 EMPLOYEES 1 NESTLE BULGARIA AD 1,074 1.45% 6,051 2 PILCO EOOD 907 1.22% 3 CHIPITA BULGARIA AD 891 1.20% 4 PALIRRIA BULGARIA EAD 754 1.02% 5 MESOKOMBINAT LOVECH AD 687 0.93% 19,606 5,233 6 PRESTIGE-96 AD 597 0.81% 7 OLIVA AD 550 0.74% 8 UNITED MILK COMPANY EAD 517 0.70% 9 GRADUS 1 EOOD 509 0.69% 10 SAVIMEX OOD 432 0.58%

The Manufacture of food products industry is the 8th largest employer in the country with 74,152 employees with the largest employer being Retail trade, except of motor vehicles 29,409 and motorcycles with 222,070 and Extraction of crude petroleum and natural gas at the bottom with 28 employees. Manufacture of bread; manufacture of fresh pastry goods and cakes Operation of dairies and cheese making The Manufacture of food products's share in the country's Other processing and preserving of fruit and vegetables total employment was 3.20% in 2018, 4.04% in 2017 and Production of meat and poultry meat products 3.92% in 2016. Processing and preserving of meat We expect, based on the trend in the last three years, the Others number of employees of the Manufacture of food products

industry to change at a compound annual growth rate (CAGR) The analysis on companies' sizes by the number of of -0.95% in 2019. employees, shows that 3698 firms have less than 50 employees*, 309 have between 50 and 250 employees* and 29 companies employ more than 250*.

* Companies without data in the number of employees at end of the year are not taken into consideration.

COMPANIES IN THE INDUSTRY BY SIZE IN TERMS OF NUMBER OF EMPLOYEES 3 698 3 700

3 330

2 960

2 590

2 220

1 850

1 480

1 110

740

370 309 29 Small Medium Big

The employees of the leading 10 companies when it comes to numbers make up 9.33% of the workforce in the industry in 2018.

17 SeeNews Industry Report

The industry is represented by the following companies

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ABI TREYD 2015 EOOD STELIVAN EOOD VALNUTS EOOD DZHEMLYA MOLLA ET DENIA OOD OBSHTESTVEN KLUB FURNA EOOD POSEYDON 2017 OOD OMURTAG TABAKOBV ET RU BI BALINOVI IVANKA GEORGIEVA ET DARIMEX 98 EOOD PHILIPOPOLIS RK OOD ARACHIEVI OOD EROL REMZIEV ENAM ET BOZHIDAR 2005 EOOD ANVO OOD ET ARFA - ILIYA PETROV - TINA ZLATILOVA PETAR I PETAR EOOD SIMID VM EOOD EUROTEAM EOOD ECO FOODS - BG OOD KIB 2010 EOOD KRAUN-95 EOOD BURNABY OOD SANI DROPS EOOD BALGERIAN HERB OOD HERBAMEDIKA EOOD BULGARSKI YOGURT OOD MERIAM - 95 OOD NIKSELI EOOD DIMITAR GEORGIEV 96 ET BAZ KOMPANI OOD RUBUL EOOD AMON EOOD SHALAMANOV 79 EOOD AN NEZHDET ALI ET ANDREYA KALINOV NADEZHDA OOD MINLET ASLANOVA MILI ET DERBI 97 P EOOD IVEKAS EOOD ET STEZIS - STEFAN STOYKOV SANI - US EOOD POLYA GEORGIEVA GORSKA SRESHTA ET DIANA MANOLOVA I SIN DIANA MANOLOVA ET SPEKTAR KOMS OOD GEORGI KARADZHOV VESELA KARADZHOVA ET CITY BAKERY EOOD ET SUNAY 2008 - AFIZE CHERKEZOVA NIKO SG EOOD DENIZ ADEM IBRAHIMOV ET ILIQNA-98 BG OOD RAKITA-R EOOD DIMIVAN DIMITRINKA SLAVOVA ET DZHENTILE DZHAVAT DZHILDZHOV ET TSUNAMI TSVETAN CHOLAKOV ET RIKI RIDVAN AHMEDOV ET IV JUNIOR OOD BRAVO GRUP OOD GALA72 EOOD NASLADA - 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DIMITAR RASHEV ET BAL-KLAS OOD ET ZHAR-PETAR KOKALOV - ZHIVKO KOKALOV NIKOL 05 OOD VASIS-DEN EOOD GEOSTROY INZHENERING EOOD CHEH JOSEPH NOVOSAD OOD ET PETYA DIMITROVA - DIMITAR DIMITROV- PLAMEN DISHKOV 58 OOD IZVOR AMK MAK EOOD KALKANOV AID OOD BORIMES-99 EOOD FILMAHI OOD EBAZIR - 68 - EBAZIR HAMID ET SD UNIVERSAL-KOMPLEKS - DIMITROV S-IE MANCHINI 2012-TANYA VLADEVA EOOD GALERIA DK EOOD IVAN IVANOV - ELVI - 6 EOOD TED-IGLIKA EOOD DZHORDZHO TREYD EOOD VESPADO I SINOVE EOOD O K EVGENIY 66 EOOD 19 SeeNews Industry Report

DELKA KICHEVA ET ET EDELVAYS MILEN TASHEV RADOPSKA SALZITSA EOOD TSVETANA KYURCHEVA TANYA RUSE LIDIA MITKOVA ET IVAN GEORGIEV FOKSI ET MONI 26 EOOD AKTIV CHOYS OOD ES PRODUKT 14 EOOD SVETIK HOLDINGS OOD GLOSTER OOD TAGARA EOOD NEW FRIENDS 2 EOOD KEN AD EKO MILK VIDIN EAD ELIZABETH EDUARD EOOD DIMITROV-TSONEVA-DENCHO DIMITROV ET EDELVAIS - 77 EOOD NOU BAR OOD ET GABI - GALABINKA LOZANOVA IMPULS-YUSUF SADUL ET FRESH DEYRIZ OOD ALVIVIA OOD B UROFF EOOD SEVTOPOLIS 2016 EOOD TEDI - IVAN YOTOV ET ALEMIK EOOD CIMA 99 OOD PLAMEN NIKOLOV-BLAGO-66 ET ELENSKA TRAPEZA EOOD YOVIS DONI M EOOD BIEZAL OOD VILMA TANKULOVA SASHA ET TRADEL GROUP EOOD AN - G 03 EOOD IPKO 1 INC EOOD ZAKUSKI SVETLANA EOOD EMOVE ART OYLS OOD C.A.-1 EOOD REMIS RUMEN RAYNOV ET MATEV PTITSI OOD ABI 2015 EOOD MAJSTOR PEKAR VARNA OOD AR TI DZHI 4 OOD AI COMERS 2050 EOOD O BON PAN OOD ET BIRSEN OSMANOVA - BIBI SLAVIVA 18 EOOD SLAVIANKA AD MAGI KOM - 1 EOOD ZHELEV TREYD EOOD ILYO MILCHEV YAVOR MILCHOV ET YANA 93 EOOD ANUBIS DZHO EOOD ET AGRESIONE - KRASIMIRA ILKOVA BOR CHVOR EOOD DZHANI 2018 EOOD MELINA 2010 OOD GLOBAL COMMERCE OOD GYUZELEV-99 OOD NELI GROUP EOOD NACIONALNA DISTRIBUCIA KOMETA OOD FISH AND FISHERY PRODUCTS EOOD SLAY KOMERS OOD ET SYUDA - ASEN DIMITROV FOBOS EOOD DIAMONA-MARIA IVANOVA ET SATKO OOD TIGAR MES OOD ET KRASIMIR SVRAKOV - PLANEKS SAYUZ - PLAMEN MITOV ET EKO ASORTI - TR EOOD DIBEYK EOOD DRAGANA ENTAPRAYZIS OOD EYNDZHAL 83 EOOD CHOKI - DANIELA TABAKOVA ET EVROPA 16 EOOD N G BAKERY EOOD A I G - GEORGI CHESHMEDZHIEV ET ZEMIRA 18 EOOD TINO OOD ZARYA 2000 EAD MIO OOD ORGANIK BG EOOD JELEV - 96 EOOD TSUTSKA 93 EOOD RUZHA 2011 OOD BULION EAD PHITOPOLIS ECO OIL OOD BIOVIT EOOD MN PARTY OOD ECCO - F EAD ROKO NUTS EOOD ITALFRUIT EOOD YORGO GOSHO DOYCHINOV ET DIKONIS EOOD MM KOMERS BG EOOD SHOKOLAD PAZARDZHIK EOOD ALEKS 83 - K D EOOD NESINARDE EOOD STOUN MILS OOD JAPAN AGRI PRODUCTS EUROPE AD ELENA MES OOD STEFANOV IVAN STEFANOV 04 EOOD TSENKA KIRCHEVA ET ET-VASILEVI 2017-LVANVASILEV AGRO - OIL EOOD FELAS OOD ET MEHMED MEHMEDOV - MELISA MLAMEL EOOD STEFIYN EOOD ANYMART - 81 EOOD ZET 1 OOD VESELINA TRADE EOOD GARANT TREYD EOOD ELIMER 79 EOOD DIDKO 90LTD OOD MALTO AD BIO OYLS KOLEV I KO OOD AGRO 22 EOOD DJANI ERIK 2016 EOOD DAILYFOOD 2015 EOOD ET KRAVEFERMA ENYOVCHE - LYUBOSLAV BELLA 03 OOD NEDKOV UZUNOV TZVETAN GORANOV - TZVETOGOR ET RADI - 1938 EOOD MARIVA FOOD SERVICE EOOD EKOCET OOD MELI - 2014 EOOD ZHIVKA MANOLOVA - DZHEM EOOD SLAVYANI-BG80 EOOD ET DIDI 2000 - STOYAN MITEV OLIVA 2007 EOOD KATRIN KO EOOD VEMI - 5 - VENCISLAV PETROV ET AYDO EOOD FLOUR MILL NIKOLA PANAYOTOV OOD SLANTSE - 2010 EOOD OK & OL LLC EOOD ROS MANAGEMENT GROUP EOOD BIO VITAL TRADE OOD B & T OOD MICHONI 50 OOD KARTAL SHEFKE MEHMED ET DEVAS-N EOOD MILISA OOD HERBALKAN EOOD UNIKONF EAD ET SILVI SILVIA TOMOVA AUTHENTICA EOOD VIGIPEA PETAR TRIFONOV ET T I V STOYANKA DICHEVA ET YU E S KOMERS OOD MIRELA 2000 YORDANKA STEFANOVA ET CHOCOIDEA EOOD TIROL-P EOOD MY DREAMS VARNA OOD WLADI 100 EOOD DETELINA BK EOOD GAYA DZHUS OOD VIBO OOD MIXXA EOOD BLAGA BAB BLAGA EOOD ALEKS EMIN MURAD ET TEDIVA 2014 EOOD ASTARTA FINIS OOD MASIVV 2017 OOD NATYURELIA 2016 EOOD BEST KEYKS EOOD ET MAK - MEHMED KATARDZHYOLU ZAHAREN KOMBINAT PLOVDIV AD ECOPRODUCT EOOD GERO GRUP 1 EOOD KRISPI EOOD PROLET 06 OOD ELENA MIHTARSKA ET TODOR KIRILOV ET SERDIKA DOBRICH AD ROZA - BISERA IVANOVA ET FIESTA 13 OOD ADI GANKA PENCHEVA ET SLADOLEDENI AKTIVI EOOD MILK GRUP EOOD VIOLETA MANOLOVA ET VIVA A & M OOD IZVOR AM OOD IZGREV - 2006 OOD DARA M KOMERS OOD SIDEROV-A EOOD KVANTA COMERCE-D.IVANOVA EOOD A EM DZHI EOOD BARIT N T G EOOD TAMAGO OOD TOPACHINTO 2014 EOOD DAKSAR OOD NICO - NAS EOOD RAY 2004 OOD BM HOLDING EOOD FRESH EXPRESS EOOD VALKA EOOD SINANSKI OOD MIGLENA DESPODOVA MIO ET MARGOS - 2 OOD LINEX EOOD EATLITTLE BULGARIA EOOD CENTRAL KOMERS - 61 EOOD ET IVETA - SN2 - MARIYA NACHEVA KRASI EOOD DZHI EN TI TREIDING OOD KOLER D OOD HLEBOZAVOD STRAZHITSA OOD KRASI KRASTINKA AHMEDOVA ET SPEV-49-PANAIOT PANAIOTOV ET D-R VASILEVA EOOD SATO 2013 OOD G K V EOOD GOLDEN HERB OOD ET INTERVAZ V - VIOLETA TODOROVA BANICHKA DZZD ELISA 74 OOD DEA 2017 EOOD ARBOL EM EOOD BOIANOV TREIDING EOOD DOBRUDJANSKI HLIAB AD ET GEYA - IVAN KALACHEV GEORGI TERZIYSKI RALITSA 22 ET NIKI 2017 OOD BOZHI DAR-18 OOD GOLDY 2000 EOOD ET DANIELA - GANCHO GANEV ET KAROV-M 68-MUSTAFA HYUSEIN BLACK SEA FISHERIES BURGAS AD YONIMAR OOD FURNA LAZUR GRUP EOOD DANA 2008 EOOD DOICE SPADI EOOD MONIKA VMGM EOOD NIK-MINA EOOD VIKI-08 EOOD PVN INGREDIENTS OOD ZARNENI HRANI V EOOD S-BOBI EOOD DILI 72 EOOD BONBONIERATA EOOD GRIGOROVI OOD SKORPION RAYS EOOD AMBROZIA EOOD LODIS INVEST EOOD ALPIA - 2016 EOOD PETKOV & TASHEV EOOD DELYO VOYVODA MILK OOD TORNADO FUUDS EOOD PEKARNA TRAKATA OOD ET ZHECHO ZHECHEV STELA 77 EOOD VELIKO OOD DELIKATES 2 OOD LOZENTO OOD TEVA GRUP BULGARIA EOOD TEOR 2008 EOOD NIKI 2001 NADYA NIKOLAEVA ET 20 SeeNews Industry Report

IS - 86 EOOD FIKONI I SIE EOOD EKSPRO 2018 EOOD AGROVIT OOD POBEDA AD SKARLET - 87 EOOD PODPRAVKI KOM EOOD NOVOMES COMMERCE 1 EOOD ANGELFOODS EOOD DONI M 2017 OOD KONSERVNA FABRIKA PETRICH EOOD MARINELA SIMITCHIEVA ET SANIKA MID OOD RODOPEIA BELEV EOOD PILESHKI PRODUKTI EOOD PEGE PENKA GINEVA ET KATI 69 EOOD ANI MARGA STEFANOVA ET INTERKOM GRUP EOOD VGH OOD IVO - KG EOOD AGRO-DZHI-80 EOOD BIN - 101 EOOD LEGAL VASIL HRISTOV ET KIBO KIRIL PETKOV ET REAL AGRO OOD PIMEL FUDS EOOD PANI 69 EOOD DZHEM BOY EOOD VJK - RODOPA NOVA ZAGORA EOOD BIOMAGIA OOD FOOD SERVICE AND DRINK EOOD V I V 2002 EOOD BRE D LAND OOD TRIFO 1 OOD MARITSA KETARING OOD KERPI EOOD VIENA STIL OOD APOLON OOD VIP KOMERS OOD POUR TOI EOOD MELI - 2 EOOD MILK AGRO FUUDS OOD PASTILI OOD MONITA OOD EMOTONI EOOD KRA SI EOOD VALENMO EOOD M PROPARTI EOOD TASHEV COMMERCIAL EOOD ILIA ILIEV ALBENA ILIEVA ET SERAFIMOV EOOD FIKRIE HASAN ET STILMAR IVANKA FRENSKA ET ALMAR SEAFOOD AD STOILOV-06 EOOD HERON TRADE OOD OLIMPIA - 57 EOOD MARTIN - ATL EOOD HLYAB I HLEBNI IZDELIYA EOOD GABEN SVQT EOOD ET BONDZHUK - IVAN HADZHIEV CHLEBOMANIA EOOD KART ASF ALI ALI ET NEVI NEVENA YAKUBOVA ET EVTA 93 DENKA DIMITROVA ET DESY 92-DESISLAVA YOTOVA 1914 ET VALTIKA-TERA OOD AGROELIT 1 OOD ADIKO 90 OOD ET HADZHO-65 - DOBROMIR HADZHIANGELOV ALEX-NANA EOOD TRI MORETA EOOD NIKOLAY STATEV STEYTKOM 13 ET KLAS KOMERS BG OOD SLUFT ANET - ANETA LAZOVA ET ROSA 46 HRISTO YORDANOV ET DENTUR OOD EROL 67 LOLOVI I SIE SD MARINOV STEFAN PETROV ET ANICHKA 88 VA EOOD ROSI - RUSKA TRENDAFILOVA ET MILL SLIVEN 2003 AD KRAGO TREYD EOOD SD-2017 EOOD BIO PRODUKT - EN EOOD RADKO 08 EOOD ET MERDZHO - GYULSHEN MEHMED CHICHO CHARLI EOOD IVON - IVANKA TODOROVA ET SAPIR 14 EOOD DIK-98 EOOD MIABO OOD TANYA MINCHEVA ET MDM 15 EOOD BOZMOV EOOD ET KVALITET - GINA STEFANOVA VELIANA 2016 EOOD BELIMAX OOD LYUBOMIR PAVLOV - 89 ET HLEBNA PROMISHLENOST AD NIKO-MILK OOD ET TSVESTA 2001 - ANKA ATANASOVA ZARI-95-ILIA ILIEV ET PETUKHOVY EOOD TOSKA OOD MEGAGRUP ABTISHEVI EOOD ET GALYA ASENOVA-MURADO AGIS OOD SIMIGERIYA EOOD INNOVATECH TRADE OOD TSVETANKA ZAGORSKA ET GOLD OIL OOD GYUL DZZD HARI TREYD 2018 EOOD ORBEYA INTERNATSIONAL OOD MONTKOM OOD VALYON OOD PET PLYUS OOD VEZUVII EOOD IVAN MAZALOV ET SILVI ART EOOD KSK KARAMFIL KADEV ET ZHEST VELKOVI EOOD EVROKONSERV EOOD VALKO MARINOV - KALI EOOD MILINKOVI EOOD MONASTIRSKO ZEMEDELSKO STOPANSTVO EOOD HAPYBAKER OOD NUTRIM EOOD MILENA CHOLAKOVA 90 ET FURNA NOMAD EOOD DZHEMI-DZHEM 2002 OOD ZHITIN KLAS EOOD LACTIS MILK OOD GEOBEYK EOOD ANGEL SARANDIEV 2010 EOOD KARDU OOD SHISHO - BIROL MUSTAFA ET LUKERIA OOD AIBILKAN EOOD HEALTHY FOODS AND DRINKS OOD MILEN MANOLOV-2020 EOOD EKAZHOR MASLAROVI SD FURNATA 2017 EOOD ROZHEN MILK OOD STOKAT STOYAN ZEMYARSKI ET VIKI DANIEL ENCHEV ET KOLDRUM EOOD VOLEKS 2005 EOOD ALEKS 1977 EOOD GLOBAL AGRO BG OOD ZARNENI HRANI AD ERA 2005 EOOD NASLADA VALENTIN STOYCHEV ET RITON - 38 EOOD ET TIN I MEGI - AYTIN SELIMOV MERONE-N EOOD KAFETERA EOOD EVMAR 2006 EOOD ORHANZA EOOD NUR-M-2017 EOOD KALEV 48 IVAN KALEV ET VALIO - 2002 EOOD KAFE SALYUSHAN EOOD SHINKA 1 EOOD NASI 17 EOOD PAN 97 OOD KUATRO DA BEST EOOD NUR PILE EOOD VAY LI OOD VSELENA 99 EOOD KENA - G EOOD AGRI ITALY OOD MISTAR I MISIS BANI OOD MIRELA KOSTADINOVA DIMOVA ET KOMBINIRANI FURAZHI MATEV OOD MARIA ILIEVA RAY ET TOTAL VINI GR LYASKOVETS OOD ALASKA OOD KONSUL OOD BRIK-OP-OGNIAN PIRALKOV ET MONESTO 2018 OOD SLAGKARSKA UASHTA ANI EOOD BROTHERS CORP OOD IZO - NEW EOOD MARIQ STEFANOVA ET KAVEL INVEST OOD HLEBNA KASHTA HRISTOV OOD BORIS HRISTOV ET DOVERIE 93 EOOD REUNION DG EOOD SANDRYUSHA EOOD AGRIKS BAZA VARNA EOOD RANIMEKS R RANGEL SHISHKOV ET BANCHEV-STEFAN BANCHEV ET GRAND VICTORIA 2008 OOD GERMAN BULGARIAN BUSINESS GROUP OOD RADIKOM EOOD TIPO BEYKARI EOOD KRIS CHI 2 OOD INKO-HRISTO ARABADGIEV EOOD MARTINA KOMERS-IAVOR ENEV ET PART OOD KRASTEVI N OOD FIK FATME KARADZHOVA ET RAFTIS MILK 1 EOOD KALEYA SI DI OOD ET GABI-TREYD-ILIYAN PARCHEV AGRIFORCE OOD SIMID FOODS EOOD YOSIF BIKOV KAZANLASHKA BANITSA ET MASARLIEVI 88 EOOD NEWOIL AD LANA MEL AD HLEBOZAVOD RUSE 2 EOOD VERONIKA ADM EOOD ADANIS OOD MEIS BULGARIA OOD STIV - 74 EOOD FERMERSKI PAZARA EOOD AMERS EOOD VILIAN FOODS 2018 EOOD SIMIT OOD DINKO DIMITROV DIMITROV ET ARSENI KUMBAROV - ROSEN KUMBAROV - CHOCHKO HRISTOZOVI OOD ARSENI KUMBAROV ET BULPERLA - TSONKA KOSTOVA SIMI 27 EOOD NEW FRIENDS 4 EOOD GEORGI SOTIROV MAESTRO DZHIORDZHIO ET DESTINI FAYV EOOD VILIDZH BROD EOOD ET DANIEL - 96 - HRISTO ANGELOV ET YONI - YORDANKA NIKOLOVA MS 83 EOOD STANI ANGEL NIKOLOV ET KLARA ABC EOOD ET MARTI-2016 - MARTIN MITKOV HELY 2001 EOOD EN I KO OOD MARQUISE FOODS OOD VIVIAN - 1 OOD RADANCHEVA EOOD ATESH ALI TROKO ET HEALTHY TREATS EOOD SIRIUS 63 EOOD ISMAIL CHAKAROV ET SYURPRIZ ANDREY NIKOLOV ET ASTARTA OOD KIKO - 92 EOOD NYU BEYKARI EOOD STOJAN MANOLEV ET SITI HLYAB EOOD VELIKOVI OOD JERAR SD EOOD EVROTREYD 07 EOOD ZHASI ZHASMINA TOMOVA ET ZARA TRADE 08 OOD THE MASTERS LARDER OOD 21 SeeNews Industry Report

SIMKO 13 EOOD DIKS 54 - IVAN KERKELOV ET ET EMIL NIKOLOV HADJIISKI I FAMILIA OOD GODZHIZAL EOOD BULGARIAN STEVIA EOOD MAKENA - MARKO TASEV ET KRONBIS OOD AYVAZ GALYA AYVAZOVA ET PANDA - 08 OOD VE-STROI OOD DINKEL EOOD TRITE MECHKI EOOD ET DZHORDZH 1-GALYA ALEKSANDROVA VKUSNA ZAKUSKA EOOD KOSTADIN HADJIMARGARITOV-KOMX-ANTONII HADJIMARGARITOV ET ZUZA I DIMO OOD VLADIMIL 2008 EOOD KENDI HAUS OOD HLEBOPROIZVODSTVO I SLADKARSTVO EOOD MISTIK - 75 EOOD DETELIN PENKOV EOOD VANKO 89 OOD DENICA-NIS 2015 OOD MERINA 1 EOOD VANJA STEFANOVA-VG ET ET ELISA - BOGDANA BANCHEVA RONI -4 EOOD HELIOS 2002 OOD KEMB - TARPANOVY - KOSTADIN STOYANOV ET BORISLAVA 2012 EOOD YOFORIA EOOD HRANA I ZDRAVE EOOD P I V 2008 EOOD KOKI 2011 EOOD ANELIA VELINOVA - ROSA ET LAKI STAR 2013 EOOD BOROLA OOD BUL-FUNGI OOD KODAG EOOD MAGNETIK 2013 EOOD HERMES NB EOOD SASHELY EOOD BONETI HRISTO BONEV ET MESOKOMBINAT HASKOVO AD NEDZI - KENAN REMZI ET NADEZHDA 91 AD TORFELLINI BULGARIA EOOD SAN 7 EOOD LORA 19 EOOD 1001 TORTI NELI OOD DAFALS EOOD SLAVI DANEV ET TRAKIYSKI FURAZH OOD D & D DISTRIBUTION EOOD FLORA KOLYO KOLEV ET PLAMEN MANOV BORYANA 92 ET VENE EOOD MIIG - 66 EOOD RO SI MA 12 OOD LINK NM OOD ELITMIX EOOD BAYRYAM 77 EOOD ZENAY 83 EOOD ET SEVI - ANELIYA ILIEVA FRAT EOOD HADZHI GEORGI GEORGI YANAKIEV ET MONA-BG EOOD SVETLINA - IVAN STANILOV ET IVAN DIMITROV 2001 ET RAZTSVET KOPRIVSHTITSA EOOD NIKI 90 K OOD GRIYN HAUS BULGARIA OOD DIMITAR KRUMOV ET ELSTAR - 77 EOOD KIK IVAYLO PAUNOV EOOD MITKO MITEV - MMM-35 ET MLADOST 2016 EOOD JULI GRUP BULGARIA EOOD FERMATA OOD DIMYAT EOOD DAINTY EOOD MARGARITA N 2017 EOOD MAXI CHICKEN OOD VEGA - BARZA ZAKUSKA EOOD MARTI PLAM EOOD TRIO MILK EOOD NADEZHDA IN EOOD ALIKAN 2010 EOOD BORIMES OOD PLANTABUL OOD GALINA 2001 EOOD FUKOTEKS VASILEV EOOD KLEOPATRA - 2014 EOOD TODOR POLIZOEV ET TIROL-R EOOD FIPS DOBRA DIMITROVA ET NADEZHKO INTERNESHANAL OOD ORIENT 2017 - LUTVIE KAVALOVA ET DIDO DANAIL NIKOLOV ET ROSITA - G EOOD KARDINAL GRUP KOMERS OOD TEMPORA 10 SLAVCHO IVANOV ET EFI - 220 ENCHO FINGAROV ET CHAMPION - 52 EOOD LUCHIA EOOD SARAI EOOD BUNEX EOOD KARINA 23 EOOD SIMEON GEORGIEVI OOD DEO EOOD NIKOLAI STAMCHEV ET ES EN DZHI EOOD DANIM 96 EOOD GEID 2000 EOOD HLEBOKOMBINAT SUHINDOL EOOD FURAZHI ELINA EOOD GRIYNSOLAR BG EOOD SLAVYANKA 86 BOYKO VOYVODOV ET TIMEKS OOD AIDA 2011 EOOD ROSPEP EOOD SWEET ART DESIGN OOD ET ZOYA -IVAN ANASTASOV NATACHA IVANOVA ET DOMAT PLC AD BI PI 2014 EOOD SILVA TERZIEVA EOOD ELTA GROUP EOOD DAED MILK EOOD SHOPOV DIMITAR SHOPOV ET BELLA BULGARIA AD MELEK 33 EOOD VELICHKA PAPUKCHIEVA ET ERDINBABA EOOD KLASANOVI EOOD SANI KEJK EOOD RADULOV 2012 EOOD BIANIX EOOD PARADINA PAVLINA KOVACHEVA ET DZZD CHIFLIKA DELTALAKT OOD KANELOV I DASHTERYA EOOD RADES EOOD ZARNENI HRANI VIDIN 99 AD HANY 2000 EOOD ALEKSANDROS OOD BRED KOMPANI OOD ECO POINT-EMEL AHMEDOVA ET MEG 2016 EAD NIKOL - TONI STAMENOV ET ET GINKA PANAYOTOVA - 2009 BURGAS HLYAB MK OOD AGROPROTEIN EOOD ET DESPINA-9 - TEMENUZHKA RANGELOVA ELI TOMOVA 2015 EOOD ART GALANT EOOD PODA VRASHNIKA EOOD LIMEZ BULGARIA OOD ITALIYA AYS OOD SUIT VIKTORIGA BOSHNAKOV 09 EOOD TIDI T T OOD VESELINA 96 OOD SWEET BAKERY OOD MAG INVEST GRUP EOOD VISTA-15 EOOD EM VI EM 3 OOD YAZH POLEZNO VSEKI DEN OOD AS-GEORGIEVA EOOD KITKA - 2016 OOD CECI 88 - VERA CHUKARKOVA ET ALIS - T EOOD SWEET SHOP -LTD OOD PAPIX EOOD BAKER HS EOOD ARI-15 EOOD ELEI EOOD JIMMY S ICE CREAM EOOD DETELINA 2007 EOOD PINADE EOOD HOME BAKERY EOOD KRASI KRASIMIR YOSKOV ET ET POLIS - SLAVCHO MADANSKI POPIMONI 2010 EOOD ECO MILK EOOD ET NEFSE ASHIRK GALA N EOOD VID DIMITAR IVANOV ET BURGER MANIYA EOOD SAMI EOOD BEST FRESH FOOD R EOOD ROLES MILK OOD ELEKTA 03 OOD PAVLOFF OOD ET ROZI- ROZA GEORGIEVA SIM KOMERS OOD LICHEV GENOV OOD KOSI ART EOOD PERFETTA EOOD VANMART BG EOOD CHALAKA - NADA MIHAILOVA ET ATILA GROUP BULGARIA OOD DAR 01 OOD ZLATEN LACH OOD REDIS VANGELOVI I SIE SD STRIYT FUUDS GTS EOOD ET KREMI - ASYA SHINEVA AST POPCORN OOD AMIGO GRUP - 12 EOOD SEVGIN 84 SEBAYTIN SADAK ET EVELIN FUUDS EOOD SOFIISKA BANICA OOD IVIL 2015 EOOD KATI EM OOD MOINO UZUNOV ET FRIGO ENERGY OOD MADARA TREYDING ET ANGELOV I SIN - ANGEL STAYKOV AYKO & DOYCHO EOOD VERINAYS EOOD APIMEL ORGANIC OOD STARIA OREH - IRFAN CHANAK ET KONDOV ECOPRODUCTION EOOD KIVI - 57 EOOD HOLI-ZHOS EXPRES 2013 EOOD SAMI RIHAT GALIBOV ET PARVANOVSKI 88 EOOD BENDIDA OOD VIVERA AT OOD BUNI OOD BONITREKS NASKO BONCHEV ET SLAVCHEV 89 EOOD OBEDINENA SLADOLEDENA KOMPANIYA OOD STEFCHO 04 EOOD MILI EM OOD VENI AND MAR EOOD DAIRY PRODUCTS OOD MITSOV - 2017 EOOD ERMASKA OOD SLAVYANKA GEORGI PELTEKOV ET ANDRA NIKOLINA ATANASOVA ET LYUMAKS LYUMAN LYUMANOV ET NUEVA TREYD EOOD KAIZER FRUKT OOD SERGEI HADJIEV-DIKO ET EDELVAYS 2003 EVGENI GENCHOV ET KASKADA 2016 OOD PELTINA OOD EKO ASORTI YB EOOD MIHAELA NIKOL EOOD STOKSI OOD KLADNITSA OOD ZOROV-97 OOD TOTEM - HRISTO HRISTOV ET ELIT SIYDS OOD MECHO ALI ALIEV ET IVP PROFIT EOOD GOOGOL FOOD EOOD RUSKA KUHNYA OOD 22 SeeNews Industry Report

AGROPRODUKT OOD DIDO - POLI EOOD SEVGI ZV EOOD MIRAD-1 EOOD STRAZHATA 89 EOOD STANISLAVA VALKOVA EOOD ANESKO OOD VENETSIA DZZD DELBI EOOD ET NANI-MARIYA 2014 - BEYKO ADZHOV KALOYN I KO 2017 EOOD SELENA 2009 OOD SEVI-S EOOD DANI 80 - DANIEL GEORGIEV EOOD PRIMA EKSPORT EOOD PLASTIKA 85 - NENKO RADEV ET BOREKS OOD EURO GRIL 2000 EOOD ECO BULSTANDART EOOD NEVAL YUSEIN ET ET KAKANDI-SIYKA ANGELOVA ANDZHO EOOD EKO KLAS GRUP EOOD SIMID A I D OOD VALENTIN DIMITROV 55 ET TRUST AGRO EOOD RADOSTIN DIMITROV MILCHEV ET NATALI-YULIYANA TOMOVA BOGO INVEST EOOD V I M PRODUCTION OOD SIYANA HLYAB EOOD LIMERA - GIP EOOD KITON 09 EOOD KRASIMIR MARINOV 2012 EOOD BRIOGEN TREYDING EOOD STARITE MAISTORI 92 EOOD DIKAVENI EOOD A E A OOD YAVOR KRASTEV ET VALE 1 OOD BACI DOLCI EOOD OLIVA INVEST EOOD SHANKARA BULGARIA EOOD DANI YORDANKA KITANOVA ET MARIA GENEVA ET TROFI EM OOD IDEAL KOMERS ADNAN MOHSEN ET SUNFLAURS BG PRODUKT OOD NAZA 2016 EOOD INSTANT FOOD EOOD FENSTIKO - AGN EOOD NIKI - 9 EOOD MANILI SOLE-OWNER LLC EOOD CHEH MANDRA EOOD ZDRAVETS 2000 DANIEL ANGELOV ET TATKOVA BIO GRADINA EOOD NIKOLA BUSHEV - 2001 ET KIB AGRO EOOD HRISTIANA R76 EOOD YADKI DOBREV EOOD KET 2016 EOOD MAX MEL EOOD ATIDZHE MEHMED 84 ET ET HRISTONA - STOYKA NEDELCHEVA ZLATKA DIMITROVA ET ROMB AD YUNGA 76 EOOD ET SEVERNYAK - 91 - STEFKA ATANASOVA NAYDENOV MG EOOD MIS VIKTOR EOOD AGORA MEAT EOOD NVP OOD VODOLEY 2002 EOOD BRATYA HLEBARI OOD ROZIPHARM EOOD GERGANA I SIN 5 EOOD FORTUNA - ROBERTO EOOD ZAFIRA-BEN OOD TRAKIETS KOMERS OOD ALEKS ESDI OOD EKOBIOMED EOOD I - B - T 2012 EOOD NEW REVITAL EOOD ZHAR MESO I MESNI PRODUKTI EOOD BRATYA STOYANOVSKI DZZD SVETI NIKOLA EOOD DANSIS SILVIA GETOVA ET NEW FRIENDS 1 EOOD SAMARDZHIEVI OOD MELKOM OOD GIVEC 44 OOD MDM MIROSLAV MINKOV EOOD CHINO - NIKOLAI CHINOVSKI ET GUYTEK OLIVA OOD ZORA - 2015 EOOD MIROSLAV EFTENOV MARIA EFTENOVA ET 3 STAR TREYDING EOOD KUBERA 5 EOOD PETKOVI-70 OOD ILIANA 58 EOOD GEORGI MINCHEV - GEORAD 99 EOOD DOSPAT 2011 OOD DEMETRA DV EOOD KALI - DOBRINISHTE OOD K N M EOOD HELIN 2002 EOOD STANKO RADANOV 2011 EOOD AVIS EOOD LOTELA OOD ET YANA - 1 - DIMITAR DIMITROV GEORGI DOSEV IZMIRLIEV VAROSHA EOOD STEISI 2017 EOOD DIG-2005 EOOD MIRTA MEDIKUS EOOD MERI MEL 71 EOOD VKUSNO 2018 EOOD HAYD EOOD MASMEYD OOD ET RUMYANKA MINKOVA - MURSALITSA ZAHARNA DEKORATSIA EOOD JOVIDAL EOOD MONIKA 871 EOOD NIKOLAI DRAGIEVSKI - NIKI ET KALINA VIB 13 EOOD DERIYA-88 EOOD VIOLETA DIMOVA-2013 ET ANI VES EOOD HLIAB EKOMEK EOOD EVROMES 2012 EOOD HAPPY LADY EOOD VICTORIA 80-83 EOOD FEI 2011 OOD MLEKOPRERABOTVATELNA KOOPERATSIA ARKTUR GRUP 2 EOOD SIRMA PRISTA AD RODOPA MILK KOOP DIONEL OOD ABI TRADE 2014 EOOD AMAZON PLYUS OOD RADKA GEORGIEVA RENI 93 ET SLANCHO 99 EOOD GOLDEN NUTS OOD VIKTORIO EOOD LADYTA EOOD KOMEKSIM MM EOOD BELA TROKS EOOD MITI 01 EOOD VENETSIA EOOD ET LYUBEN KOTSEV KOMIS OOD S DOBRO EOOD FERONIA EOOD GYUN-80-AY EOOD ZHITKO EOOD RADOST 77 EOOD LUCKY-M 2012 EOOD STONI 77 OOD DANI SUROVA OOD DAVOR GRUP OOD NATURMES OOD SALEX GROUP OOD DIAVENA OOD ZHASMIN SHAHIN APTI ET VANILLA AND CHOCOLATE EOOD ATANASOVI 2017 EOOD GELOV EOOD BLEK SIY SNAKS OOD BRAMA OOD ZHIVKOVI OOD BALTOV 94 OOD LENZOVI EOOD I TRAKIOTISA EOOD GOLDAN FUUDS 2015 EOOD FAVAN 07 EOOD ALVED 2013 MIROSLAV FILIPOV ET ARIS 73 EOOD EM PEK EOOD SHANS 2005 SHENAL TOKALIEV ET DIMITAR PARVANOV EOOD EVTA - 93 EOOD SUGAR PRO EOOD NETZA 85 EOOD VAYDONI EOOD DANUBE FRUIT OOD MAK - OIL -2 EOOD RAVIK D EOOD VALERIA-EXPRES - GIVKO CVETKOV ET ET KALE KREPCHA - DIYAN VELINOV DEVA 9 SISI 11 EOOD RODEMAR 13 RADOSTIN MIHAYLOV ET BULMES GROUP EOOD PIMI OOD EKO BALKAN EOOD NATALI 2014 EOOD HORIZONT EOOD ALEKSIEV - ALEKSI IVDNOV ALEKSIEV ET ASEN 1-GIZEM EOOD SVM MEBEL OOD TERZIEV DD EOOD MAVISH OOD MODICA BG EOOD TORTITE NA ZUZI OOD KONDAKOVI MS S IE SD HLADILNA BAZA ZA DIVECHOVO MESO AD ET REGEL 66 ALEKSANDAR SIMEONOV ET MARSINELA-94 - YORDANKA SEFTERSKA AYSI 94 EOOD MILAS - 2014 EOOD PALEO NATURAL GRUP OOD BCC EOOD COLLECTION OOD ITAL FOOD EAD EVIPOL INGRADIENTI EOOD VOYNOV I S IE SD BON APETI KATYA TYUKENOVA ET ET SOFI-HALMI KEDIKOLU STEFANY-70 OOD HLEBMASH COMMERS 95 AD PANICHISHTE 2015 EOOD TERI M EOOD PALOMA KOMERS OOD SLADOLEDENA FABRIKA EOOD DAS 70 EOOD HADZHIEVA 3 EOOD K E M DZZD DELTA INDUSTRY AD SUIYTALS EOOD NEDEYA NN EOOD NORA AS 2013 EOOD CHRISI 87 EOOD NIKOLOV I SINOVE 03 EOOD VINPROM DUPNITSA AD ET BOBI 64 - DOBRIN PETROV TRENDISIMO EOOD DONCHEV - FUUDS OOD FISHERY 2009 OOD ORGANIK SUPERFUUDS OOD VASIL ZARKOV ET ZHINT ZHIVKA PAVLEVA ET TO-VI EOOD ET VENIAN - VENETA STEFANOVA MEDANI EOOD SIND AD 6 EOOD PLAMEN GANCHEV ET NINA - STANIMIR PASHALIEV ET MM - DRY FOODS BULGARIA OOD BANCHEV EOOD STRUMA FRUIT EOOD GLOBUL FOODS EOOD ORHIDEYA EOOD SIMADZHEL OOD VAM TRADING OOD POLI 98 POLYA STOEVA ET PARTNERS 2013 EOOD TRAMER EOOD POLIFRUKT OOD SOIAVIT OOD ALPINA 6874 EOOD VIOLA 57 EOOD GEORGI TASLAKOV EOOD AGRIFRUKT 2004 EOOD 23 SeeNews Industry Report

GITAN - N P EOOD MUSHROOMS BG EOOD ANNI EOOD DON BATON OOD VILDA 2015 EOOD MIVA AV OOD KENDY OOD AGAPE-MM EOOD STUDIO ART TV EOOD DIMONOOD OOD DMN KOMERS OOD MESOKOMBINAT-BAI TECHO OOD IV - IZI 2015 EOOD LORANDZH EOOD ISKO - IVAN HRISTOV ET PRESTIZH IRENA EOOD BISER M I CO EOOD KIUAN - 007 EOOD ET SEVZERATOS - OSMAN OSMAN CAFFI GROUP EOOD PANA STOILOVA SHILTAN ET NADEZHDA SULTAN KAMBER ET NIGYAR - ELIZABET IBISHEVA ET KOMEKSIM V EOOD MARA MARINOVA - MIRSLAV ET VIVALDI STORM EOOD LIBRA-M OOD VIMARD INVEST OOD CHOCHIS KEYK OOD MIG 91 - MAIA PETROVA VLADOVA EOOD PASTRY STORIES OOD MELI ST EOOD HIDROMPROFILINZHENERING EOOD BEN INVEST OOD POMONA BG EOOD SIDI - 92 EOOD BEKO 72 EOOD EVRO - ER - 2011 OOD AHAT - RP EOOD SPEKTAR 93 ROZA VACHKOVA ET LILI GALYA SABEVA ET VANYA SLAVCHEVA - 2011 ET BOS MS OOD DEVA - KK OOD SLADKAR 2000 OOD ET FATMA ASANOVA - DZHANSU ANABEL 96 EOOD TEMISLAV TEMENUZHKA YAKIMOVA ET SEVI - IBRYAM SMAILOV EOOD SWEET 2015 EOOD NEKTAR PRODZHEKT 1 OOD PASTICCERIA EOOD ET KOSTADIN MECHEV MARINELI 68 EOOD KALLINA PEPPERS EOOD GARANT HADZHIANGELOVI OOD BORICH - 68 EOOD EKO CHIKAN EAD BONEVI-VP OOD VALENTIN BOGUCHEV ET HRANSINVEST EOOD ET SALKO - MINCHO RUSEV KATERINA 1979 EOOD BAHRI HASANOV BARI ET VATA-VALENTIN NEDEV ET OLINESA PREMIUM OOD DENKOV FRUUT OOD NYU LAYN EOOD TEMPO EOOD MILKANA 2014 EOOD VAL-VES I KO EOOD BLIZNATSITE 15 EOOD ILINA 99 EOOD ROSITSA DJORGOVA EOOD CAKE CODE OOD NANSI 2006 YORDANKA STEFANOVA ET EVTIHC TSONEVI I SIE SD MUFFIN HOUSE OOD ET KAKAO - NEDA VELYOVA EKOPRODUKT MOGILITSA EOOD DESIKA M OOD MILK PLYUS EOOD PIRIMPEKS AD ASKON OOD REID KAMPANI OOD ALESIS BULGARIA EOOD PR OOD KLAS 3000 EOOD DALGACHEV MIHALKOVO OOD IDA 2009 EOOD BIOPRODUKT 2017 EOOD KORONA M EOOD SPAS STEFANOV - BELITE KAMANI ET PURATOS BULGARIA AD AYSHE MEHMEDOVA GYUNESH ET MESOKOMBINAT LOVECH AD D & P 2017 EOOD BABA MARIYA - DANAIL STOEV EOOD INAMEL OOD EKSELIS HRANI EOOD METI MITKO HRISTOV ET MAK MLADEN KASABOV ET TAVERA EOOD SUPER FOODS OOD EOOD LIM LYUBOMIR IVANOV MITOV ET TUNI I KATI-SHUMEN OOD TIMS 2010 OOD NISSAN 23-04 EOOD GAYDAROV OGNYAN GAYDAROV ET SIMA 2008 EOOD MEMO - AMK EOOD STRABEX EOOD SAD-B-3 OOD BODUROV 2015 EOOD ET RINA - 92 - GEORGI KUTSAROV EVRIKA AMO EOOD NIVEL OOD VIOLETA HRISTOZOVA ANVI ET MAKVKUS EOOD DONUTS FACTORY EOOD INERT MK EOOD ET SAIT FERE ROZA 1 STOYAN GEORGIEV ET VALERI MANCHEV ET MAKSUDOV 2016 EOOD BISKVITKI EOOD TRAPEZATA OOD VEGA PLOVDIV EOOD GERI HRISTOV I SINOVE EOOD BORKO TATYANA PETKOVA ET MID BIOTREYD EOOD D END DE EOOD BOZHI- DAR 999 EOOD FORTEX NUTRASUTICALS OOD ALBENA ALBENA KRASTEVA ET TUZHO MEL EOOD AXI 05 EOOD TORTI FELICHITA EOOD YALDAZ 2016 EOOD YORDANKA V YOVKOVA EOOD ANSDA EOOD ANI NYU LAYN EOOD ABYON EOOD IZI KEYK OOD ET ILHAN BEY - ILHAN MUSTAFA MAYAMI MAR EOOD TRAKIA VELEVI EOOD RUSHI SHANS ZHEVRIE AHMED ET EMRE 07 EOOD KOMPAKT 2007 OOD SIQNAD 2012 EOOD NAPS - PAVLINA STEFANOVA ET TEHRA EOOD INTERION AD ZARID EOOD ET MIHAIL RADKOV - MISHO EGEYA FOODS OOD IVA TREID EOOD PELION TRADE EOOD DESISLAVA HRISTOVA 73 EOOD TORTI EVKO OOD SIR NICE OOD DIDIMISHINKA EOOD NADEZHKO OOD VARNA FOOD FACTORY EOOD HELFA - BASHEV EOOD ROSIMPEKS 02 EOOD KRASIMIR VALYUKOV ET IVGRA EOOD NATUR BG EOOD THE ART OF CHOCOLATE OOD RITSKA OOD SELAN EOOD AGRORADOPI EOOD TURMANOV EOOD GALAB COMERS EOOD SABI 4 OOD SPAS 2007 SPAS MILKOV ET EREVANSKI SLADKI OOD SUDE - 006 EOOD MEGAHRAN 2015 EOOD RENYPFARMA OPERATION OOD RALICHKA EOOD ROMAN & SIE-2014 EOOD BIEN MANGER OOD FAVORIT NEVENA KOCHEVA ET ITALIANA PORCHETTA EOOD IVANS-60-VAHIO NEDKOV ET HOLIDAY PROPERTIES BULGARIA LRD EOOD BOREL BB EOOD BLYAN MUHAREM MAYRYAMOV ET CONFIDENCE EOOD NOLEV EOOD DUDEVI OOD POLIANA PG EOOD ET MEMO - MESUT ALIOSMANOV PEKARNA VARNA GF DZZD LIANI 96 D OOD FIL BO 2016 EOOD DARK AND MILK EOOD ZIV EOOD SOFIA URBAN EVENT CLUB EOOD FURNA FERDI EOOD FANTAZIA I SIE OOD GEG SON LLC OOD TIANA 90 EOOD JORDAN OOD GAPA 1991 EOOD SITALK ES EOOD BULMILK NIKOLAY NIKOLOV ET ET OSI - ZORKA TRENDAFILOVA SD DEDAL - NESTOROV I SIE DZHEM I DZHEM OOD ET KOSTADIN NAKOV DANASIA EOOD PLAM ADE EOOD DEGRETSIYA EOOD STIB-2 OOD IVKO 2014 EOOD SI PI GRUP OOD DIM ELI 7 EOOD RADOSLAV YASENOV ET KAPRIZ - DEVIN EOOD ADLERA EOOD ASHI 2011 EOOD KRASIMIR PANAYOTOV 34 EOOD ALEKSANDAR I VIKTORIA EOOD SORENTO EOOD BIO BALKANIKA EOOD DEVITO OOD ET STANKO METANOV VANYO DZHUROV ET DIMITAR SPASOV ET ASTOR TINKA HRISTOVA OOD MEHI 2004 EOOD OFELYA ALGAD OOD IST EOOD SHERI - STEFANI EOOD ORION INVEST OOD TANEVA EOOD DANI I NIKOL PLOVDIV OOD MANIS 05 EOOD VALEO 28 OOD BAST 2010 EOOD IPI 2511 EOOD INTEGRAL MED OOD GREEN EXPORT EOOD YASEN KACHAROV ET SYNERGI MA EOOD YULIAKIS DZZD CHERRIES GROUP OOD ZLATKA-93 EOOD MJ CATERING EOOD TRAKEIYA EOOD KARDAM TRAST OOD AHCHIEV-DI EOOD HERA TREYDING OOD MELNITSA RYAHOVTSITE OOD FILIPOVI - FH EOOD IPI 27 EOOD INTER D OOD 24 SeeNews Industry Report

BREZOVO AD YOSKO - SELIM 2018 EOOD SKORPION 0611 SP EOOD VLADIMA 54 EOOD HIND - 2013 OOD PALIRRIA BULGARIA EAD TORTITE NA SNEZHI EOOD MECHI CHAL M EOOD SICHILIA 1 OOD ET VIKTORIYA - PETRA LAZOVA - OOD SINOVE-VASIL DIMITROV ET BIOPLOD EOOD ADV 3 EOOD STANISLAV DIMITROV DANEV MARTIAN 1 EOOD KAFENA DIMITAR PANCHENKOV ET FARST GRUP OOD BAKERY KINGS EOOD IVA KRIS OOD ALPINA 3 EOOD GEORGI CHUROLYANOV BOBI ET ET MUSTAFA CHAVDAROV - 89 ET EMIL CHERKEZOV-2018 SVETI NIKOLA 2013 OOD RIO GRANDE-GORAN TASIC ET OLEONA EOOD KORSI DI KUCHINA-KORSI DI PASTA OOD TRI EYNDZHALS EOOD ET BUVEL - STOYAN BUHOV SWEET LIFE 2018 EOOD GILI TRADE EOOD JULIJAN BOSHNAKOV ET MILINA NIKO SYMID EOOD RUMEN GEORGIEV 58 ET KOOPERACIJA SIMID 1000 KOOP. BIOMILK BORINO EOOD MESOKOMBINAT SEVLIEVO 1929 OOD DIMET FUUD EOOD ARON RICE OOD KAMADZHIEV MILK EOOD BIDOR BOBI DOROSIEV ET AGROPOOL OOD INTERNESHENAL OPEREYSHAN OOD ART EXPERT EOOD MAKSI GRIVA OOD SEVDA P SEVDALINA PAVLOVA ET SEVI REZA EOOD VESTA INVEST EOOD SINI TRADE OOD NASLADA NIKOLA SLAVOV ET VELEVI & SON EOOD ALKOM OOD LINO EOOD DANI R 2003 EOOD MILDIKO 2010 EOOD ILIYA LINCHEV ET NESTEIA 99 OOD EMI BAL 2018 EOOD TSVETITA HERBAL EOOD YANI NIKI 2010 EOOD VAZKRESENIE MARTIN ANGELOV ET GREEN DROPS EOOD LAZEV EOOD ET MM-MILCHO PAPAZOV EL SI KOMERS 85 EOOD TITI SILVIA KATSAROVA ET RU DARI OOD JACOBS DOUWE EGBERTS OPS BG EOOD EMAS OOD MECHO FOOD GROUP EOOD AGRO INVEST 77 EOOD TOJUR EOOD PRERABOTVATELNA KOMPANIA EOOD ET IVAN ANDONOV ATANASOV DID - DETSKI SVYAT EOOD IVO IVANOV 00 EOOD ADAMS OOD NIVEGO OOD NIAGARA KALOYAN VALKOV ET MAISTORITE OT ELENA EOOD KATERINI 61 ET JAVORINI 2018 EOOD ELENA IVANOVA ET PACHI LU-IL EOOD SAV-2016 EOOD VIP COMMERCE EOOD ALEITE METIN KASHCHILAR ET EN DJI LUX EOOD NEW AGE PROPERTY EOOD MARIO LAZAR GENCHEV ET ET PAVLI - PAVLINA IVANOVA HRISIADA EOOD PREVENT PHARMA OOD DIMANA-DEMBELAKIS EOOD MARKOM OOD IVGO 2011 OOD ELVIS BOYCHO KOLEV EOOD BIMKO EOOD ELECTA EOOD KEMEN EOOD YADKI TOMI DZZD TODOROVI 1988 OOD SISTARKEYK OOD BANICHKITE NA ILIYAN EOOD HANA M EOOD DAO HRISTO VLASEV ET MARVIN - 98 EOOD LF-65 EOOD ET PAVEL PAVLOV - KRUPEN-70 TIT OOD DOYCH EOOD BREAD AND HARMONY EOOD EMILI 2010 EOOD KONPAKS EOOD DZHIGO OOD VESELINA ET MISHO & SIE''''- EOOD PATSONI PLAMEN KONDEV ET MELBON AD ZHI TREYD 18 EOOD KAMENOV 2002 EOOD TONI 93 TONI ANGELOV ET HLYAB - 97 AD SACHI AD ANALOG 2009 EOOD NATURA FORTA OOD PRESS''N FRESH OOD EKOPRODUKT ALI EOOD DI EM PI - 2015 EOOD EKZAKTO EOOD VALCHIYA GLAD EOOD FILIZ LIMAN ABIEVA ET DILMANO DILBERO AD ANA PARVANOVA DARAYA ET NIKOLAY GERCHEV I SIE EOOD TOTAL-5 OOD ELICA OIL EOOD PASTICCERIA ORCHIDEA EOOD VKUS EOOD ASA 11 EOOD FENIKS - HLJAB OOD EUREO OOD KVN FEMILI GRUP EOOD HOREKA FOODS EOOD ET STANIMIR LUNGOV IZVORITE SDI SAID DAUD IBRYAM ET GEOMAKS OOD ELKA TSVETANOVA ET V I N MARINOVI OOD AMBROSIA EOOD BULGARIAN FORAGE COMPANY EAD HLEBOPROIZVODSTVO I SLADKARSTVO OOD INTEGRAL KYU OOD RODOPCHANKA OOD STIL - 90 OOD UZMANOVI EOOD VALIO-81-IVAN DIMITROV ET RACHEN HLYAB I PECHIVA OOD GUT DYO KANAR EOOD A I G - KAZAKOVI OOD PISTOR LLC. OOD DAFA OOD KUIN EOOD STARPEK EOOD ET TEHNOKONS - STANYO STANEV PRINCHIPESSA MONTANA OOD SARINA 92 EOOD AGRO IMPEKS EOOD SAVADAN FOODS EOOD DING PAVLOVI I SIE SD MIN CHEF EOOD MAXGROUP-98 EOOD IVSL-KATYA DIMITROVA ET NIKI NIKOLAY KOLEV 95 EOOD SEFFORA EOOD SUNA 07 EOOD BEYKTEH OOD BOGINA OOD BIM AS OOD NASLADA GOGOVA EOOD MINERVA 13 EOOD KASKADA NOVA OOD RENATO I SHERY EOOD CITY KORN OOD MIROSLAVA 2015 EOOD VIKI-EMIL NIKOLOV ET MERIBEL 2015 ZHANA KALINOVA ET SLADKARSKA RABOTILNITSA GABROVO EOOD MESOKOMBINAT SADOVO 2015 OOD ET FIKRET AHMEDOV SEVA OOD TOBOS OOD BENIMA 19 EOOD REDZHI 2013 EOOD ANKALA EOOD TOMA S BAKERY OOD VELKO BARANSKI YORDANKA BARANSKA ET HOUK MP EOOD ET GEORGI DUKOV - VENETSIYA VEGA STAR EOOD BENI FRANS D OOD ENGIN 10 EOOD PEK 2010 EOOD V ENGINE EOOD KRASIMIR KARADJOV 78 EOOD ALCAO EOOD GKV 4 EOOD ONDEAZ OOD ET IVANKA TOTEVA OLIVIA OOD PETRA CAN OOD DOIT OOD GERI 87 RADKA VASILEVA ET A SIMEONOV EOOD SAMAS 2002 OOD NAVONA MD EOOD DIMITAR YANEV - ELISAVETA -2009 ET MAKSI-L - LYUBEN ANDREEV ET KENTAVAR OOD OVO - BUL EOOD ZHANI-85 OOD JENIKS - YORDANOVI EOOD NHH NERGYUZE HATIB ET SHAMI CHANCE EOOD ET ROMANS - RUMEN GEORGIEV MILPACK - 2013 OOD DORSITA EOOD SKALAR EOOD ZEMYA I HLYAB - RILA EOOD DZZD NYUSPODEL BOZHKOVI OOD ANIMAR 2012 OOD ZLATNA UTRIN EOOD DIMI S EOOD DANIELI - MATEY BRAIKOV ET ET ROSI - VENTSISLAV RANGELOV HLEBOPROIZVODSTVO OOD MIHAIL NIKOLOV-60 EOOD KAZANLAK - HLIAB OOD SLAVENA 2003 EOOD PEPINO 7 EOOD IV3007-RIDVAN.I EOOD DENI OOD REVANSH 28 EOOD NATURA FIT EOOD SHAMI GRUP SHHSH OOD PIRANI 2 EOOD DIDO 2018 OOD KOMBO GRUP OOD MESOKOMBINAT SVISHTOV OOD RA - 1970 EOOD RAYA COMMERS - 16 EOOD TANAKA OOD DZZD UTRO SEVER EXPORT OOD NIKI-2000-NIKOLAI MARINOV ET PROSPERITY RUSE OOD BISMAR-T EOOD ET GENADI-90 - NIKOLAY NIKOLOV 25 SeeNews Industry Report

DGI-SUITI EOOD MELNICHEN KOMPLEKS DUPNITSA OOD GOOD TASTE OOD M P M BULGARIA MITKO MINKOV ET IVNINA S -2017 EOOD MODES 2014 EOOD AGROHOLDING OOD ALEKSIS 10 EOOD TECHNOCHIM B A EOOD CROISSANT ET CHOCOLAT OOD GERGANA DENITSA EOOD MARKOV 72 EOOD SEA 79 EOOD MAR I VEN OOD ICC 2010 EOOD ROYAL BAKERY - 16 EOOD ZORNITCA - TRENKOV OOD GALINA - 08 EOOD TANGRA OYL OOD TONI ANATOLI TSVETANOV ET ZELENITE PEKARNI OOD SERENA EOOD ET TOP DEKOR BG-DANIELA DIMITROVA S I B 44 EOOD YASI- 2012 EOOD AYDZHAN AYSHE AHMED ET ECO FARM CHERGA EOOD SAN MARTIN - IVAN GOCHEV ET VIENNOIYSKA OOD BRIOGEN TEKNOLODZHIKS OOD KROTAL 13 EOOD HRANA ZA ZDRAVE I DALGOLETIE EOOD TERES I KO DZZD IZIDA OOD KULINAREN SVYAT EOOD PIRIN VIOLETA ATANASOVA MITKO HRISTOV ET MAR FOOD 17 EOOD MIRTEKS 69 OOD MALINA TZVETKOVA - 99 ET KADIFER - 83 EOOD BYALA AKATSIA YOVKA STOYCHEVA ET KATIA - 0505 OOD VALCHEV OOD ET KETI - VALERI MANOLOV RUAN 2010 EOOD DESI I SINOVE EOOD DOBRUDJA 03 EOOD KAMCHIYA SHOPOVI - LILIYA ILIEVA OOD SIVILOVI I SIE OOD BULGARPLOD SOFIA AD ET NAZO-66 - NAZIF SABRI ALEKS S 2002 EOOD ET ET METODI ANDREEV - AVSM KONDRION - 2012 EOOD TITI 2018 EOOD FAVORIT-98 OOD KAMI - NORA KIRCHEVA ET AGROMARKET INTERNATIONAL OOD NILA OOD STEYSI 2015 EOOD VONITAL EOOD ZURNENI HRANI 2015 EOOD CRAZY LOVE AD PECHALBA EOOD DZHILI SOY DZHIHANGIR IBRYAM ET DAIRY FOOD BULGARIACORP. AD DJERONIMO - KLANIZA EOOD PARCHETO 1214 EOOD TERSNAB-TARGOVISHTE OOD VASILEV & TODOROV OOD DEDZHUS EOOD IVDETA TRIO EOOD BULMES M OOD BOBI 24 TONCHO KAMACHAROV ET NEVADA 2010 EOOD ZVEZDI S EOOD BUL TAT EOOD BOGI 2012 OOD DIMITAR PILEV OOD ZONCOLAN EOOD MUSALA FOOD EOOD ET PETYA - PENA PANCHEVA TEODORA ATANASOVA ATANASOVA NIKADON OOD KRASTANOVA EOOD ET GABI-MIL-DIANA MANDOVA VERGINIA MATEEVA ET KRASTYU IVANOV-92 ET BLAGOPOLUCHIE - YANEVI I SIE SD TULE OOD PAPA BEAR EOOD YOUNIQUE FOODS EOOD MAMA I TATI OOD DELIORMAN GRUP OOD DOLMAG EOOD INEYT NUTRISHAN EOOD B 16 EOOD SANTULITA OOD DZHAPOLINI YANKA PASKALEVA ET BERLANDA 2006 EOOD AGROMELHRAN KOMERS AD PREMIERA - 257 OOD DULO-ALFA EOOD IBARSKI- IVAN RIBARSKI ET KRASI KRASENA SIMEONOVA ET D & 1925 EOOD CHEF CONSULT EOOD JORDAN POLITOV ET SMAYL - 55 EOOD KOALA OOD INSEPTUM OOD RA-ELK EOOD MARK DESHARK EOOD DEMINA 92 EOOD MEDIKOPHARM-K EOOD STEFAN MATOV 34 RADKA MATOVA ET ET MUSTI - MITKO ANTONOV MARIANA UZUNOVA 2012 ET KARADZHOVA 2012 EOOD ADEL 011 EOOD ET ROZA HRISTOVA-ROZA-BENI SWEET MADGIC EUROPE OOD PRI MAMA EOOD VASIL LANDZHEV EOOD ISMET SHABANOV - OLIMP 131 ET BETUL OOD MILENA ILIEVA M ET RAYA STEFANOVA 2007 EOOD DILIYA - ILIYA CHERGOV ET CRAZY FOOD TRADE EOOD NACHKO PETROV ET PAKULEV SPLTD EOOD MAX ANIMAL EOOD MYBISQUITS OOD PETRANKA KERANOVA 2011 EOOD MADESI OOD ART CATERING-KRASIMIRA KALCHEVA ET MAGI & MINDIZOVI EOOD DIANA COMMERS - 14 EOOD MESFOOD AD ENGI 09 EOOD NOMAN ALDZHUNEYDI KAMPANI EOOD DUNAV SWEET OOD EIVAZOV EOOD SNACK ART AD O BARBA YANIS OOD CELIPHARM EOOD TEDI 1 IVAN GERAKSIEV EOOD SVS 98 EOOD BIO INOVATIVNI TEHNOLOGII EOOD ET DZHIHAN BEYHAN - SPRINT LITTLE ITALY 1982 OOD IVANKA KUTLEVA ET CHOBAN EOOD MD-2 EOOD MILENA MK OOD FREEZY BULGARIA EOOD MINI 98 IMREL YASHAR ET JUNAL SHABAN EOOD FEDON OOD MESNI PRODUKTI NSS EOOD ET DEYAN - DEYAN STAMENOV MIRA 1318 EOOD ET STOYA HRISTOVA-KARADESI KUMANOV DEN ROZHDEN OOD PATSAROK 16 EOOD DZHUMPI - 72 EOOD ET BORIS GEORGIEV- BOBI 2011 ILIANA YORDANOVA ET PEGAS 2017 OOD RILA FERM EOOD EKSTRA FRUT EOOD VOLONTES STAYKA GEORGIEVA ET BLISS CONFECTIONERY OOD ZYUMBILSKI OOD DZZD TAMPA GRUP ANIBEL ND EOOD AYSAM EOOD MEGAKOMERS2001 EOOD SARBIANKA OOD BALKAN AGRIKALCHARAL OOD EL STROY KONSULT OOD HRANITELNO VKUSOV KOMBINAT AD NAMA GLOBAL EOOD FUNGIFORIYA EOOD GRIYN INSTITUT MULINO SANSONE EOOD SOLIRENT EOOD CHICHO VIKO OOD DZHAN AYDZHAN ASANOV ET SOFBIOLAYF - BG AD MARIANA KANOVA EM 95 ET MUSTI M OOD ERASUR-GABRIELA METODIEVA ET PILCO EOOD PEKARQ 68 OOD VINEKA PETYA NEDKOVA ET ABRITUS MM EOOD MILKY FOODS EOOD IV KO MILK EOOD IVANES N EOOD TELENIK OOD TONELI 77 EOOD SERDICA-94 OOD SEVI 60 EOOD BAKIES EOOD ISMAIL AHMEDOV - ISMA EOOD STOYANKA PENEVA ET MARISTO & CO OOD IMILITO EOOD SISKA I KRASKO EOOD DZZD FERI KOSTA ATANASOV - LMT ET KRASEN MM 5 EAD ASLAN 7 EOOD ECCELLENTE EOOD BOYAN ASENOV 94 EOOD GOODMILLS BULGARIA EOOD 77 HERBS EOOD ET FOER - PETAR DOBREV AHMED MADZHUR EOOD RADMAR-2016 GR SVILENGRAD EOOD VITAMINA TEVEKELIEV OOD HRIMAK OOD VIOHIM OOD L I M-VKUSNI ZAKUSKI OOD KOLEV - MES OOD N & N AUTO OOD KALOIAN - 2000 OOD PROTEIN-98 AD KLAS OIL AD BLAGITE EOOD MS ASHAK EOOD TANO GRUP EOOD MEDENATA PITKA OOD ET VENIKA - VENERA KAMENOVA VIDEV IVAN IVANOV ET MOVE WELL OOD HEMUS MILK COMMERS OOD MAHO KOMERS EVGENIY DRAGANOV OOD GABRIELA - PETIA TZONEVA ET SONYA 2004 EOOD FENIKS 79 DANIELA ZHELYAZKOVA ET TANTI 2 EVA STOYANOVA ET EM DZHI MILK OOD TALAR FOODS EOOD ROSI-RUSKA MUDEVA ET SUPEREGA EOOD ZEMYATA NA TRAKITE OOD NOVA - 96 OOD VALENTINO VALENTIN MILADINOV ET HEMAKO BULGARIA OOD HL-TOPMIX OOD FLORIMONT EOOD NIK-SOT GROUP EOOD ET BRAVO - KONSTANTIN LALOV BELISIMA-X EOOD RABOTILNICA ZA MECHTI - PLOVDIV OOD VELIKOV AND CO OOD GALYA 2013 OOD ADEA-7 EOOD ROYAL-BEES EOOD KACI AND SONS OOD TELOPSI EOOD 26 SeeNews Industry Report

DESISLAVA - N - 83 - NIKOLOVA S-IE SD ET KUMANITSA - IBRAHIM MOLLA EM SI DIMITAR IVANOV ET UNAVITA EOOD NIVITA KOM EOOD ECOSEM BULGARIA OOD PRIM ALTANOV MIROSLAVA TODOROVA ET DURITO EOOD ECLER EOOD IVAN LUKOV ET TAO 2015 EOOD ELIKSIR GORSKI IZVOR EOOD EVA 98 EOOD MARVEL 01 OOD VITA PRO AD HLYAB I SLADKARSKI IZDELIA EOOD STOYCHO PEEV PEEV DM ET MILENA MMS OOD FRONERI BULGARIA EOOD A I S - 85 EOOD VANYA - 2004 EOOD MELNICA ARCHAR OOD B A M I GROUP EOOD STEM-TEZDJAN ALI ET FAST BG EOOD 100 LETA OOD AVA OOD PMD AYS EOOD MAKAM 2001 EOOD BAR CRYSTAL 2012 OOD KARNOBATPLOD AD SOLAR HERBS OOD DI AY TREYD 1 EOOD MAKLER COMMERCE EOOD ATANASOVA EOOD ELIT KONSERV 33 OOD ELIVA EOOD KOLBASO OOD KRUM GEROV TM EOOD ZAFER RUSHI EOOD BILIANA MES EOOD ISOMAKS OOD GABI - IGNAT GEORGIEV ET GABI 73 GABRIEL GESHEV ET PAPISTO OOD EKO PRODUKT - STOILOVI EOOD EMALI EOOD BARZI ZAKUSKI - ANI EOOD AYUTA AY EOOD KOZLE D OOD DYUSENA OOD GREEN WORKSHOP OOD ALI ISLYAMOV ET EKOKONS- 2016 EOOD RADOMES EOOD SYGON - M EOOD ET MEDVEN-HRISTO HRISTOV PHILICON 97 AD DBS AD ZARKO 89 EOOD LACTENA OOD EL BURGER EOOD SKREZH - SI EOOD DOLE DONKA LEFTEROVA ET MILKY GROUP BIO EAD GANA 99 OOD EKO RIMA OOD GORAN LUBENOVSKI - NIKI ET P I K EOOD SANKO ASEN CHOLAKOV ET PETYA IVANOVA HRISTOVA ET ALEKS ALEKSANDAR KOLEV ET ELI NOCHEVA 69 EOOD ALICHO KOMERS EOOD BURGAS HLYAB 2014 OOD ARKTUR GRUP EOOD MERKURIY PROIZVODSTVO I PAKETAZH AD PLAMEN KARTEV EOOD ANTANI EOOD SMART PRODAKSHANS OOD KANTEKS BULGARIA OOD IVA-91-IVAN IVANOV ET SAIMEKS 97 OOD BOILL EOOD BERY 2007 OOD KING FOOD - 1994 EOOD FURAZHI NEDELEVO EOOD IVAN VYCHEV 1 EOOD FEST STROY EOOD IVAILA - 07 EOOD VENTURI AGRO EOOD DAZZLING DANIEL EOOD SHISHKOV 85 EOOD VKUSNA ZAKUSKA SONYA GEORGIEVA ET KRIANDA PRES EOOD KREM KARAMEL OOD AVISPAL OOD RALU 2017 EOOD CHANDRA EOOD ANNA MARIA 2000 EOOD ASTREYA FUNGI I TARTUFI OOD VINEKA MV OOD POLI 721 - PAVLINA LASKOVA ET KULINARNA RABOTILNITSA EOOD REKLAMA - SPASOV I S-IE OOD ANGELOV I SINOVE FATME MIHAYLOVA ET KRASI 76 KRASIMIR VASILEV ET FINES 2 EOOD LOZEV EOOD ANGEL RANGELOV 2016 EOOD LAMBOZA EOOD ZENIT 13 M OOD FERO - FERDIN ASANOV ET MARTI - 5000 OOD ELIS 99 EOOD MERLINI DANIMOND OOD BONI-85 - MEHMED MEHMEDOV ET BOLYARSKA BANITSA EOOD ARTOS-VARNA EOOD DEMARK EOOD OOD MAKSI GOLD 5 GUNTER - 11 EOOD C - SERVICES OOD KOKO 9008 EOOD BOGEY - 2000 EOOD ET DANI - STELIYAN RADEV MEDINA EOOD PANTELEY TOSHEV OOD DZHI PI ES INVESTMANTS OOD ATRIA V EOOD SELENA 2014 EOOD NEDAN KATINA DEMIREVA ET AYAKS AGRO OOD ZVEZDA K97 AD ATANAS VALCHEV 2018 EOOD SEYFI EOOD HLEBOZAVOD PROGRES EOOD ET MAG - MARIYANA CHAUSHEVA ANDZHEL 17 OOD TAKE A CAKE OOD ET LYUDMILA DRENCHEVA TRAYANA - PAVLINA MIHAILOVA ET JO INTERNATIONAL EOOD MILETE EOOD KANEYA KEYKS EOOD MPP - IKAY OOD CHOCHO 99 EOOD GALA TRADITHIA OOD PAUNOVI OOD ZELENA FERMA EOOD D AND G HOME EOOD ABM PRODUCTION EOOD VBAND INDUSTRIES EOOD HRISI OOD P.D.D. EOOD DEKARDI FAST FUUD EOOD SOLEO BULGARIA OOD ATM-69 EOOD PSM FISH OOD GVL TRADING OOD MAYA - 5 EOOD BOIYAN ASENOV 04 EOOD BALKAN FRUIT EOOD STEVI LM OOD SELIN 05 EOOD AVALON VRDGIN AD BBP OOD GREEN POINT PRODJECT EOOD PUSHKIN EOOD TASHINA TODOR MITREV ET MILOSHOV 90 EOOD ET KRASIMIRA BARDUKOVA DIMITROVI AND DIMITROVI OOD ET NIVEL-STOYA VELEVA KAMSI BE EM KA BLAGOVEST PESHEV ET ZAHARNO PETLE GEORGI KOYCHEV GEORGIEV EOOD VLANEL OOD JO - VIG 2004 EOOD RUBINEKS RUSE OOD KROKI OOD RADINA - RADMILA PAVLOVA EOOD BENI ISMAIL BEKIROV ET LEGO 2011 EOOD HELIOS MILK EOOD PAIN D'OR AD VESI VASIL BLAGOEV IVANOV ET BULKORN VV EOOD FARMA HIMVET OOD DELTA 98 EOOD TREST B OPERATION EOOD AGROCOMMERCE 98 EOOD KAVRAMOVI EOOD TYRBUL EAD SIGMEN MILK EOOD BARON IV EOOD ELBIS 63 OOD DZZD BRATYA-STOYANOVI KALINA MEL OOD MECHO PUH 2017 EOOD KRISTIYANA - YOVKA PETKOVA ET VOLATUS EOOD ALDAGOT OOD HRISTINA DIMITROVA ET MILENA HRISTO HRISTOV ET LACTIMA EAD RADI - RADOSLAV SAPUNDZHIEV ET INTREYD 3000 EOOD ALFA TRADE 08 EOOD RIVA EOOD DETELINA 82 EOOD SOFIYA 74 EOOD MARSHAL 91 OOD SIBIO - 93 OOD SPETSIALIZIRANI HRANI OOD MUSAN D OOD ZVEZDELINA KR EOOD VALENTIN KARADAKOV - 2017 EOOD TOMIL HERB PRODUCT OOD MLECHNA PROMISHLENOST MANOYA OOD ELIA MILK OOD VESI OOD RAMOS - RUMEN GERGOV ET ET FATME CHAVDAROVA FRESH PACK & SALAD EOOD PASKALEV - 86 OOD BOLETADA EOOD ALEX 0705 EOOD VITO GEORGI NIKOLOV ET TORTIKOFF OOD ET MAGDALENA ZDRAVCHEVA - ZVEZDITSA-92 BMV OOD ELILAT EOOD ZLATNO ZARNO OOD TRIADA 63 EOOD ROSINI 529 DZZD KRIS I KRIS 16 EOOD YOFELA EOOD BLIZNAKOVI - SLADKI MECHTI EOOD TEMKO EOOD VITAL OOD EURO CATERING EOOD UBINOV 2017 EOOD NAKOV GRUP OOD DZZD PAZARDZHIEVI KOMEKSIM M EOOD BULNATS 1 EOOD ASM - ALEXANDAR PETROV ET FORESTE OOD VIEL - G EOOD BEE HOME - BG OOD JOLY-2000 BG OOD SLOW FOOD COMPANY OOD SOFIA 2003 OOD OT PITA MED EOOD MAYKAL DIMITAR DIMITROV ET BRAMA 1979 EOOD ALIZIA ZEYNEB GUSHEVA ASAN GUSHEV ET DERELI - 17 EOOD EKOPROM EOOD MG CAKES OOD SILAGI GROUP EOOD 27 SeeNews Industry Report

KUBIKA EOOD ECOPLOD ORGANIC EOOD GALERY 12 EOOD FLEXY TRADE OOD ET BRATYA SYAROVI - HYUSEIN HALIL BURDENIS379 OOD VM ENERGY EOOD IVANET EOOD NIKOLINKA BORISOVA KVANTA KOMERS95 ET LOTOS OOD IVETA CHERVENKOVA ET BREAD LOGISTIC EOOD KOLSKA YANKO SAPUNDZHIEV ET ET EMILIYA NACHEVA - DIANA 10 GITEN KLAS-EVGENI SIMEONOV ET PA EM2013 EOOD KRAEVEKSPRES DZZD KATI STIL 3 EOOD NIKI NYU EOOD DIKSI EOOD ET DILIZHANS 52-SG - STOYAN DELIZHOV ADAMES EOOD MEAT PRODUCTS T EOOD INDI BEYKAR OOD ET ROZA ATANASOVA - EMELIN PEKARNA ANRI EOOD TROYANSKA SKARA OOD KUMIR-SI EOOD DA BEYKARS AD BOROIMPEKS AD AM COMPANY OOD NIKO 33 EOOD ASAN AYVAZ ASKO SEVIM AYVAZ ET IVAN KUMANOV ET RUTSI RUMEN KONSTANTINOV STOICHKOV ET ASSA 77 EOOD ZORA COMPANY PL EOOD ET DOBROTICH - STEFAN HRISTOV SVETOSLAV LILOVSKI EOOD IMADZHINE EOOD GRITSKO BRADARS OOD DENIMES EOOD VALGAR EOOD VALANTE EOOD UNIPEK OOD NESEBAR FISH EOOD ET HAKI - ULVIE MEHMEDOVA VLADINI TRADING EOOD IRNIK TREYD OOD AI EKS AI DJI OOD SLANCHEV HLYAB OOD ORGANIK ARONIA OOD SOLIDER GROUP EOOD TURITA AD NATSTIM EOOD JIVKO IVANOV 2000 EOOD MELKUE OOD ERKIN - ERKIN ENVER ET MANDRA - 1 OOD ET OLGA MITREVA-OLI RALEKS 2015 EOOD NVN BILKI ZA KRASOTA I ZDRAVE OOD ASHKOM -NIKOLAEV EOOD ZORNICA-IG 2009 OOD PEKARNA 79 EOOD HRISI-97 - IVANKA KARABOBRVA ET DE - EV 2008 EOOD TERRA BIO PLOD OOD GEMI-DEI EOOD VIKRIS NURAN KARAGYOZYAN ET AMYLUM BULGARIA EAD MISHOV-92 EOOD EKSELANS OOD NAZ - 78 OOD ET ANETA MITEVA - MELISA YOTOVI OOD DESI 92 MIRYANA YOTOVA ET TOMI 2000 TOMA TOMOV ET NATURAL NUTRITION COMPANY OOD YUGOPLOD AD BARD 90 EOOD BULCONS PARVOMAI OOD ALEV 2009 EOOD SLADKI IZKUSHENIA EOOD OLEO PROTEIN EOOD TITONI 11 EOOD NV GRUP 88 OOD BORSA ZA PODPRAVKI EOOD PEKARNA VANILIQ BG OOD NEW FRIENDS 3 EOOD PETAR MITOV UNIVERSAL ET NIGOR GOSPODINOVI OOD ET STIV - STEFAN MIHAYLOV REYA-FISH EOOD SABINA SEBAHAT DERVISHEVA ET PRIMA FOODS AD METO 2002 EOOD TARNOVO MES EOOD NOVA MES 14 EOOD ET BOVERA - IVANKA BOSHNAKOVA ADELANTE - 21 EOOD MILENA 18 EOOD ASTA MILK EOOD AMBIEN EOOD TOLUMBI 1 EOOD HLEBOPROIZVODSTVO KARDZHALI OOD RAMI 56 91 RAMADAN S IE SD TONCHEV DIMITAR TONCHEV ET BILKOCOOP EOOD DECRIN EOOD HIKARI KIRIL TRICHKOV DIANA TRICHKOVA ET LINDAN EOOD ROZOVA ZORA - 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FADUL MUSTAFOV ET KROKANTINA OOD KEKSCHE I BISKVITKA OOD DUKE DOMINION OOD VIRTUAL-MEDIYA EOOD MEMO OOD ELI COMERS 65 EOOD KALUFRUCT PRODUCTION OOD SINERGON INVEST OOD SISTERS ATANASOVI OOD KARMELA 2000 OOD DZZD SLADKIDISH CAM 51 OOD BEYKARS STANDARD EOOD DNK - MERICHLERI OOD DELFINA EOOD GAIDA- 2002 EOOD LEADING EOOD AYSEL AYSEL KODZHAYUMER ET AGI 1 OOD PRESTO HRAN EOOD VENERA MG EOOD ZORNITSA COMMERCE OOD NEKTAR AD GEBI 2015 EOOD EKOBIYF 2017 EOOD SHAHSINE SAPUNDZHI ET ET GRETI-MARIETA BATACHEVA ET KENI-97 - MARIYA BOZUKOVA DESIMA 2013 OOD MITEV - 68 EOOD YANE ZOYKOV ET EL DZHI PI EOOD KRYMATA-KOMERS EOOD KETI YU OOD BANSKI SAMUNA EOOD STARITE BULGARE OOD ET MIRELI - 49 - ALEKO KOVACHEV DIRA 2014 EOOD EXQ - EXQUISITE FOOD PRODUCTS EOOD AZMI HASAN 50 EOOD ELI - NIKOLA DUZOV ET GOURMET CATERING ORION EOOD ELIANO KRIS EOOD LORA 2007 EOOD VALENTINO-VALFUNGI OOD BEYKARI 09 EOOD PALAZA EOOD ANDREON - ANGEL ANGELOV ET ALTAN OKLAVA OOD SHAHIN 01 EOOD HABI 72 EOOD TEMPO M OOD N END S - NBG OOD DZHONI NEYKO IVANOV ET ALADA MOHAMED BANASHAK ET B I S YAMBOL EOOD GLOBAL RICE EOOD COOKIE MONSTER EOOD RAYA 22 OOD SARACHEV CONSULT EOOD S V M B EOOD EL - KA KADEVI EOOD LOZANOV 55 EOOD APOLON 69 EOOD ET EDELVAYS - PETAR YOVEV PETROV IV-BO GRUP OOD IVE 68 OOD FAVORITE MILK EOOD GOGO 2018 MARIANA ILIEVA ET GORNOORYAHOVSKA SKARA OOD SIGRUP - 2001 EOOD RAMIRA OOD SLADKI RAYA - 18 EOOD NUR FURAZHI EOOD NOVA SERDIKA DOBRICH EAD KULINART OOD NAFI - 79 OOD IRINEA ARTE OOD TEKSAS 89 EOOD RUMYIANA BOGDANOVA EOOD BALKANSKI ISKREN BAKIEV ET NASLADA 12 EOOD DAMELI 2018 OOD MES CO EOOD ET IVA-89 - IVANKA GEORGIEVA PIO GRUP OOD FURNA BG EOOD STRANDJA PACK EOOD AVICHERRIES EOOD GITAN CORPORATION OOD ROKSOS EOOD KONEX-TIVA AD INIKS - TODOROVI OOD DENT OOD DECHKOV 60 EOOD ROBAK OOD 28 SeeNews Industry Report

ZEYNEP KUMBAROVA ET METSANCHO EOOD VALNEVI OOD MIMOZA 22 EOOD RAD-MAR OOD KERI EOOD YAGUAR L B EOOD PIG-BREEDING ASSOCIATION OOD S I N GRUP 2011 EOOD VIOLETA-2013 EOOD ORGANIC LAND CORPORATION EOOD STOYANKA DIMOVA 2003 ET MIMS METODI DENCHEV ET IVTAN DIMOVA DIMOV I SIE SD DION OOD PANADOR EOOD MADLENA RUSE OOD GRADUS-3 AD ET MEDIVA - DIANA STOYANOVA HARUMI EOOD DOBREV OOD SLAVYANKA EAD A - JAR OOD TEA - 2003 EOOD ANGEL HUBENOV 82 OOD PARTNYORI-2001 AD MEGATRON - D EOOD BULDRAINIM OOD BRIMEX EOOD YANI - ANI EOOD STIL - EA EOOD TSVETELINA CHILINGIROVA ET GABRIELA EOOD ALMANSKI OOD SISSTA GRUP OOD SERDIKA INVEST EOOD JLP EOOD SAMVEL-1 OOD OVI & SARI OOD PRIMA VESELIN VASILEV ET VADENI EOOD LEONA 7 EAD SEZGIN ABDURAHIM OOD REZON IM GABROVSKI I SIE SD BAKERIES SIMID 92 EOOD ET VIDIN RUDARSKI DANELI 2000 OOD FONICO - S OOD KULINAR OOD MICROART 7 OOD PETRA PETRANA FILIPOVA ET ZVEZDA 2019 EOOD FITOPOLIS OIL EKO OOD DOYCHO 2016 EOOD DAIRY PRODUCTS EOOD DESI 92 EOOD LACHO - TSVETALIN NIKOLOV ET IZI 2016 EOOD FIRST COMERSE EOOD NEVENKA-2001 EOOD MELNICHNO FURAZHEN KOMPLEKS ZIMNITSA VIKTORIANA BYALA OOD AGRO CHOBANOV EOOD ADI EOOD EOOD ET KRISTIYAN-IV-KRASTINKA KOLEVA ET SEMA - EMIL STANEV VITALINA 2006 OOD CASING BULGARIA EOOD BLAUNDUS EOOD VANEV EOOD STENLI EOOD STEZIS EOOD MIGO 2017 EOOD ET SABI-MARIYA - SABRITASH PETKOV TORNADO COMMERCE OOD EMI BAL 2010 EOOD MISTAR IVAS EOOD ZAGORE AD BAKERS OOD MERI LEND 2014 EOOD MARITZA OLIO AD KAYRYAKOVI OOD BPI 2018 EOOD TRONIS EOOD HETTRIK OOD KATERINI 61 EOOD ET RYUVEYDE CHOLAK POLIDES - PAVLINA IVANOVA ET ET ANGEL MOSKOV NELI PRINCESS & CO EOOD PANACEA G - BILKOLEK EOOD ELITSA 2002 E KAYA OOD SARFA SALIH KEHAYOV BOYKO KEHAYOV ET STEFANI-1 EOOD ELIGE EOOD KIV KOMERS OOD BEL RUSE OOD LOZANA 62 EOOD ADISAN EOOD MLECHEN HIT EOOD FOVETA EOOD TERZI OOD YAN I ZAR ZHENYA GEORGIEVA ET NESTLE BULGARIA AD KETI-2001 EOOD DI EN SI OOD BULRAN EOOD SINELI 2002 EOOD ALEXSIOPOL OOD SAYMANS ATANAS SIMEONOV ET NIKOLA ABRASHKOV ABRASHKOV YAVOR GALINA 80 EOOD ABRASHKOV ET SLADKAR TOSHKO FOGATA EOOD SOFIA BREAD OOD VASYA IVAN DINEV ET MIRTEKS EOOD SLAVYANI YAMBOL OOD ALEXANDROV - P EOOD KEKOV I KO 2015 EOOD ORIZARNA PAZARDJIK OOD PMM I KO - 96 EOOD YOANA VIP EOOD SADINA PLANT OOD EKO ASORTI 05 EOOD GAVRIL 2002 EOOD VESELINA 80 EOOD UNITED MILK COMPANY EAD ET TONI-2006 - ASEN KIRYAKOV LADITE LYVOVE- BAKALOV EOOD ZORIS 27 EOOD DIANIKO EOOD RODOPSKA ZAKUSKA EOOD DANIZO OOD K I F SOFIA OOD NAYLE CHAVDAROVA EOOD RADENKOV 2016 EOOD NIKI TAYM EOOD MARIAN 2000 EOOD BULGAR LUK OOD VIP SIMERS GROUP OOD DONIKA 1 - DONIKA BOJKOVA ET DOBREV TRADE OOD PARCHETA ZHIVOT OOD ET GYULFIZE SAHATCHIEVA CREMIO EAD VALENTINO 79 - VALENTIN JORDANOV ET MAY 2003 S EOOD DIAMANT - 93 EOOD IVIYA 8 EOOD TRANDEVI EOOD ELIT MILK 2000 OOD ANANIEV - RODOPI 19 EOOD YANI YANA KOSTADINOVA ET NAYDEN KRAKOVSKI KARK NA ET CHERKEZOV I SIN EOOD TEDIVA 2008 EOOD SHENOL - FATME SELIM ET DREAM CAKES EOOD ZORNITSA VASKA DIMITROVA SOLAKOVA ET SABCHO BALKANSKI-MELODIA ET MONI MES EOOD ET EMIN IBRYAM - VILDAN EMIN MEDITERRANEAN FOOD SERVICE EOOD MELISA OOD ELENA 95 EOOD REVIVAL 2013 M EOOD RALICA OOD MILI BERI EOOD ZAKUSKI VALIA - VALENTINA KARADIMOVA ET DN I TN OOD BUSEM EOOD ROO BRANDS EOOD LONDEZA EOOD POLIDEY - 2 OOD BORIS TRETI OOD SLADAK RAI - 2012 EOOD JULLY EXPRESS EOOD PI AY STANILOV GRUP OOD IPP - IVAN PETROV EOOD HLEBNI I SLADKARSKI IZDELIA EOOD SILVA MLADENOVA- SILVI ET REDZHINI OOD YULI 11 EOOD ORHANIE MEET EOOD LIVELA-DIMITAR ANDONOV ET DARZALA 27 EOOD ET AHMED YUSUF - 2 RITURN EOOD DEREK OOD BOGEY - 2015 EOOD DISTIN EOOD KALEVI OOD PREMIER TM OOD SANI KONS TODOROVI AND CO SD VM BEYKAR EOOD KARANASHEVI EOOD FITTO OOD LEONARDO DZHELATO ITALIANO EOOD DZHUDI - 2015 EOOD SADAKA IBISH IBISH YUSEIN ET SKALMEKS EOOD HARI 64 EOOD FURNA STANKOV OOD ROKA CO OOD BON EOOD SKORPION 21 OOD CHICKEN GROUP OOD KRASI 2013 EOOD INSTANT OOD HONER S EOOD MARITSA EKOFROUZE AD RIKOS EOOD OLIMPOS 99 OOD KITE 2017 EOOD MULTIMES GROUP OOD RIS EOOD SHTIPKA SHTASTIE EOOD BOLSHANS 5 EOOD VETIADI EOOD AGROPAKET EOOD KLIMENT 65 OOD ZP IVAN PANCHEV ET STANCHO KOLEV EOOD BALGARSKA ZAHAR AD MEDIC TRADE EOOD AYS 18 OOD SAMI - N OOD ORION SMAYL MOLLA ET MILASHKI EOOD FRESH LAYF EOOD FURAJEN ZAVOD OOD BIONIA EOOD GAL-2005 EOOD YOMI SZHS EOOD AYDEMO GYULSHEN EHLIMAN ET FIRMA 4 EOOD VESTA 2020 OOD ET RAZPOPOV - STOYCHO RAZPOPOV FORI 69 EOOD VITA HERB INT EOOD SLICE 2017 EOOD ALEKSANDRA I MADLEN OOD LAVITSATA EOOD PEROLA - MARKRIT KARLOVSKA ET MERKURIY 2000 OOD ZLATNA IABALKA OOD PASTRY HOUSE AFRODITA C A OOD ER DJI 2011 EOOD ET VASIL TRENCHEV - MAKEDONIYA DONIDO MILK OOD 5040 OOD BODPIE OOD NENOVI OOD NIKRONA EOOD ELLI - 2008 EOOD SVETLANA 99 EOOD INIKOM EOOD DZZD STOYANOVI DZZD RAYKOVI - V I E SEA FOOD EOOD 29 SeeNews Industry Report

BAYFA AD OGI 99 EOOD TREST B DISTRIBUTION AD DELIKAN OOD TEDI SASHKA IVANOVA ET MILMEX OOD SWEET WAY OOD VSESTRANNA KOOPERATSIA LYASKOVO KOOP AGRINDO EOOD MARTI 18 EOOD NIK-96-NIKOLAY ROBOV ET SEVERINA 78 EOOD DEL GOS OOD BEBBA 2016 EOOD ET LATONA-90-ZHIVKA HRISTOVA ET KRASI-2016-KRASIMIR MARINOV PLAMAK-D90 EOOD RAM COM EOOD EDA 2018 EOOD NIKOLAY KAMENOV 2009 ET NEVI - 76 EOOD NIKI NIKOLETA GAYTANDZHIEVA ET BIOPROTEKT 1 EOOD EKO ENERDZHI EOOD SLUNCHEV NAR EOOD ELIA - 2100 EOOD ET KOSTADIN GEBRELIEV - GEBI BILEK - DIMITAR PEYNEKOV ET ANIKO BG EOOD FURAJNI HRANY OOD PASTRY - NELLI EOOD SHEKER 6 OOD AVIANA FATIME GALENOVA ET PETRANA VASILEVA ET SATRA EOOD KATERINA DEMIR DEMIREV ET ET GALYA-GALYA SAVOVA - YUSEIN SABRI ET BILYANA-LAZAR LAZAROV MILK 3 EOOD OZMAR-GOOD THINGS EOOD TATYANA KIRILOVA - TED ET ET VASIL BOZHINOV SLAYT - 81 EOOD SHENEL SABAN SABAN ET SINGAL SELD OOD DIMITAR BELOVIDOV DENITSA ET IMAGO 21 EOOD TRAKIYSKI HLYAB OOD PMD PROFILI EOOD MORSKI RIBOLOV-NESEBAR OOD BAKI MEHMED - ZORA ET ILO-ILO BALKAN EOOD EST TREYD EOOD DZHIYNTEH OOD MEDINA KK OOD ARZEMUS AZIS TOKALIEV ET ET PEYCHO PEYKOV - ATLA MARIYA DJAMBAZOV-16 EOOD JORDANI EOOD TUGITAT EOOD KRIBI - N EOOD DANI MANCHEVI OOD ORHIDEYA-RUSE EOOD DANI M 97 OOD ECOPROD OOD DIMITAR ASPARUHOV ASI ET ELISS 2003 EOOD ATANASOV 2012 EOOD ET BORNIK - BORISLAV GENCHEV SHOPKINYATA EOOD BORISOV I SIN OOD BULAPETI - N V OOD POTREBITELNA KOOPERATSIA NAPREDAK KOOP ROUEY OOD DABOIS OOD RENATA NT OOD STRAHIL PARAPANOV ET HERBS INDASTRI OOD ELKO GEORGI ANGOV ET NASLADA - LIA EOOD MEGA LYUBOMIR YORDANOV ET AVTOBOR EOOD FRUTERA DRAY EOOD SIMS - 2012 EOOD DUNAVSKO BRASHNO EOOD SEVAN 90 EOOD LALVO & VACHEV EOOD DUMI 68 EOOD ET GEORGI GEORGIEV ET BOYCHO VIDINOV - ELBOKADA-2000 SEVGIN AHMEDOV - EVROPLAST ET DOS NURI NURDIN ET ANDRINA ZLATI ZLATEV ET DISI-M EOOD TORIVEL EOOD BERUS MEL AD MARKELI MLECHNA INDUSTRIYA EOOD ANIKO STOYANKA TODOROVA ET MISHEL-69 OOD TRUDOVO-PROIZVODITELNA KOOPERATSIYA PIRIN KASTO KALOYAN TODOROV STANKA TODOROVA MARI 98 MARIYKA STEFANOVA ET OLDSARES EOOD ET ET MIRAY-KENAN MEHMEDOV KOMES POPOV EOOD ALI 37 EOOD ADREA OOD LILIA YORDANKA YORDANOVA ET LAYF SPRING OOD TIS-98-OOD UNI EXPORT-IMPORT EOOD ET VANDI - BADOVSKA-PEHLEVA VANDA LYULIN COMERS EOOD KRASA KR EOOD MARIANA STOYKOVI-GERI-LINA EOOD KRASIMIR HVOYNEV ET GAYO SHOKOLAD OOD MOMCHIL STOEV ET HILDICS EOOD DZHANI 2012 EOOD KERIAN - KETI DIMOVA ET LA SISTEYA DOR EOOD MEL KOREKT 74 OOD VERI M VERGIL YORDANOV GEORGIEV ET CHINAR TRADE EOOD RUMDO-MEL OOD ET SLAVA-67-RUMEN DIMITROV YORDANKA VASILEVA DANI 2000 ET AYARA EOOD ROBODIH EOOD IAN 2014 OOD HISSAR ZLATKO EOOD PRELOM 0211 EOOD AIM 2009 EOOD GALUS 2004 EOOD MICHKA EOOD HRISI - MITKA LAMBOVA ET AY BI BOYKO IVANOV ET ANIPRO AD DZZD NYUMINEL SUGARLESS EOOD LACTINA OOD HLYAB S KVAS OOD EVRONES EOOD SHARKON EOOD UNION KEHLIBAR-EVROTUR OOD ET IVAN BILEV SASHO TASKOV OOD SISBARI EOOD VENETSIA 2 OOD DOSH OOD MONEO 94 EOOD RADIGOST EOOD OLIMP OOD PASTRYWORLD OOD ET ELPIN TREYD - ELENA NIKOLOVA AURIKULARIA BG EOOD ELVI I SLAVI EOOD KONSERVEN KOMBINAT MB OOD DAR 09 EOOD SOLEY INTERNESHANAL EOOD ALADIN ATIDZHE KURDOVA ET MELNICA KARNOBAT-2006 AD SIVI 79 EOOD KARIL & TANYA AD CHERVENKOV 1 OOD RIX - KOLEV & STOYKOV OOD LABESVET OOD MESOMANIA TREYD EOOD BEEF MEET VELINGRAD EOOD VIVIAN VIOLETA MARINOVA ET ILTEX EOOD DETELINA NUTS EOOD SERDIKA BULGARIA AD HLEBOZAVOD AD SWEET SHOP - 21 EOOD BREAD FOR LIFE EOOD SHPINAT EOOD ULAN - DJAMAL ULANOV ET KRIYM LAYN BULGARIA EOOD V LIKVIDATSIYA KUBA - LIUBOMIR PRANAROV ET GORNOORYAHOVSKI MAYSTORI EOOD TANYA ANDREEVA ADI ET AVEPHARM PRODUCTS OOD FANES ASAN IBRYAMOV ET ASTIKAN OOD DONKA KIREVA - DONADONI ET VKUSEN HLYAB EOOD M INVEST BG EOOD ET RENO - SAFIE ALIEVA REVART RAFET KADIR ET EVROMES M EOOD MARKOV 1991 EOOD NATI STAR 99 EOOD EYCH EM KEY NUR OOD GERADA OOD ALDO 75 EOOD FAVORIT - 2004 EOOD PIRIN MES 1 OOD TIAKOVE EOOD TANYA ANTONINA S IVANOVA EOOD VAS MILK EOOD ZHANA 90 ATANASOVI S IE SD M I M EOOD KATERINA STOYCHEVA ET INVEST BG EOOD DIK-67-IVAN KAMENOV ET FOOD SERVICES BULGARIA EOOD KASKADA KADI OOD PIKNIK 17 OOD ET DIMO TERZIYSKI - TOPLI ZAKUSKI ADENIS - 2010 EOOD LEVMEL - 13 EOOD ZORA VEK EOOD ROKI 96 EOOD WIB 2013 EOOD NIKI FIRST-NIKOLAY TODOROV ET ISI AGRO EOOD LA KATLEA OOD MILEV END KAMPANI EOOD LAVENDER OOD SD BONI - 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SHEEPKA 99 AD ET ANTOANETA GEORGIEVA - 2001 BURCHIN 98 EOOD VALMES KF EOOD NARGIS ALEYDIN ALIEV ET FABI 2014 EOOD ILIEV - DG - VASKO ILIEV ET HAPPY CANDY OOD VK ICE & CAKE EOOD RENGLOR EOOD GRADUS 1 EOOD YUG YUSEIN YUSEIN ET IVAN GARDEV - 52 ET EFI KDT EOOD ZORA M93 TODOR BORISOV ET VAVILONIA 2010 EOOD SILENA RASHID CHAUSHEV ET MECHTA METODI AVRAMOV ET SIMA - 09 - EOOD CHOCHO-05 OOD EXZOTIC CAKE EOOD BORA 21 EOOD SIDEMA 2013 OOD PETAR ADAMOV 90 ANELIA PETROVA ET LAVENDERBUL 1917 - OOD BIOMAK EOOD SIMEONOVI - VIKTORIA EOOD BOYAN ASENOV 940 EOOD GEPARD OOD MALINA& KAPINA EOOD ILIA PAVLOV M P EOOD KOSTOV 61 EOOD SAKSES OOD DENIS - SENIHA KELIMEROVA ET LINDAREV EOOD LACH 50 OOD MEDIS TUZI ET MILEN MANOLOV - 2017 EOOD ILIANA GEORGIEVA-SHIACHKI 2002 - GEORGI BALKAN RICE OOD GEORGIEV ET GNA-GEORGI ALEKSANDROV ET ABI 86 EOOD NEOKONS VV EOOD CALIFORNIA NUTRI LABS OOD BAKERY MAKE OOD NYUANS 89 EOOD DIMI EOOD NENOVI 2014 EOOD KEYK VIKTORIGA EMPANADA EOOD INTERFACE BG EOOD GOURMET PHILOSOPHY OOD MERKEZ OOD DELTA-KOLEV I SIN EOOD FURAZHNA KOMPANIA EOOD MARAYA 2017 EOOD ON-OK EOOD TOMI DULSE EOOD AFRODITA PETYA HRISTOVA ET CUPCAKE STUDIO OOD CORTE DILETTO EOOD VELICHKO IVANOV VENECIA ET MAFI OOD EM EN TREYD EOOD KRISTOF BS EOOD TSVETIMES - 1417 EOOD STRAHIL IVANOV 2010 EOOD ZORI LUKS EOOD FILIPE EOOD NI-VAS FOODS EOOD ET ALEKSANDAR NANKOV SPARTAK-78 EOOD PARTNYORI LIMITID EOOD STRAYTS OOD SHAMI S-2009 EOOD VEGA KOMERS PETYO YOTOV EOOD SIY PRAYD EOOD DIO FOODS OOD FELIZ MITKO STEFANOV ET SLADKIYA KAT EOOD PACIFIC STAR AD ET SIBI-94 - SIBELZHAN BEDRI BONATO OOD SAVIMEX OOD KARIANA EOOD SLADKA SOFIA OOD SHTIPKA LYUBOV OOD KREZ FOODS EOOD DZZD HUBI-1955 VKUSNA YADKA AD YORDAN MUTAVDZHIYSKI BONKA BRABION OOD MUTAVDZHIYSKA BOBI ET EV SI EL GRUP OOD IL EOOD M G M 3 EOOD BERUS-97 AD JOSI EOOD MELTY - 2012 EOOD ET AYSUGYUL-RUMEN KYUCHUKOV DEVA KAZAKOVI EOOD BAKERY EOOD BULDIRECT OOD ET ZORA - ZDRAVKO ZDRAVKOV ET VANYA I TANYA - IVANKA ILIEVA 5 R OOD BORSA EOOD BOBI BOYKA NAYDENOVA ET CHAMPION-16 EOOD SEMELLA 2016 EOOD RILA MES EOOD START - ANTON VUKOVSKI ET MARATON 62 EOOD NIC-HEDA ECO EOOD MAESTRA MIA EOOD VITAMINA 2012 OOD EDIMEKS EVGENI DIMITROV ET DILAYT EOOD DVETE AKATSII HARALAMPIEVI I SIE SD BIOGAME OOD ELITSA RUMEN BURDEV ET TORRO - MES 2017 EOOD DALNIP 2 EOOD POLINEZA EOOD LOMAN EOOD SANI 0408 EOOD NASLADA 02 OOD ET VENELIN SABADOSHEV - VENI GENO PANYOV - ISTAR-2 ET TORTI EVGENIA 2011 EOOD MATTERHORN 4477 EOOD OLIVA BG OOD ARONIADA AGRO EOOD DORA ZHIVKO ZHELEV ET TATYANA OGNYANOVA 2005 MM ET M K D OOD SKANDIA FUD BULGARIA EOOD STANDART 90 EOOD EKO LAYTS OOD RALYU DZZD RUMBA RUMEN PANAYOTOV ET KRANCH FRUTS AD PLAMEKS OOD NIKO 2268 EOOD ET NEDELKA KUZMANOVA-NK 56 REMO 2018 EOOD BREAD HOUSE OOD AGRO PROMILK PLAMEN TODOROV ET MARTA SKM STOYNE MANOV ET BULFRUCT OOD HELIOS OIL OOD RENI 2000 ANGEL ANGELOV ET SNEZHANA GEORGIEVA LILIA 86 ET MED I PCHELNI PRODUKTI OOD AGROGARD YANKA SABANOVA ET ET ESMAI HYUSNA - MAHMURE YUSEINOVA M R 96 EOOD PIMEL TRADE EOOD IRRI TREYD OOD ISMAILOVA BILI GRUP 1 EOOD GOLYAMA MELNITSA - CHERVEN BRYAG OOD MONAKO PARK OOD SITIFUUD EOOD ICE ECO FRUIT OOD GENS-EM EOOD SLUNCHEV PLOD AD PEKAPNATA NA ADRI OOD GRIL EOOD ROYAL T.M EOOD SANI - IGLIKA EOOD VETERINARNI DEINOSTI EOOD ZHIVKA MANOLOVA DZHI M ET ZAHARNA FEJ - 9 EOOD PASTRI LAYF OOD PARTNYORI AD AL STON EOOD TEDI TODOR KRASTEV ET MAKS HERBAL EOOD IVAN VUCHEV ET KALIA 15 EOOD KRIS 0909 EOOD SICONI 51 EOOD EKOPLOD - BG EOOD ELVETA EOOD ASTREQ - KETARING OOD VENETSA EOOD MAXILAND EOOD SUNOIL COMERCE - 2015 EOOD CHAR 05 OOD MARUSYA 2012 EOOD DELICIOUS THINGS EOOD ZLATNA NIVA - 09 OOD ELA EOOD LEMAN AHMEDOVA ET INTERCOM TOSHEV EOOD AGRO LOZNITSA OOD ZDRAVKO GEORGIEV ET NIKEMA EOOD BADZHO EKSPRES EOOD ET FANI BOZHKOVA-STEFANA BOZHKOVA KALINA OOD DIAMANT 2010 EOOD HLEBOPROIZVODSTVO KAZANLAK EOOD MILEA ALEKSANDAR ALEKSANDROV IVANKA VELADA EOOD KAECA EOOD SIMIT OOD ALEKSANDROVA ET SIMVOL 2006 OOD RODOPA G ORYAHOVITSA 96 EOOD EMGROUP - 2016 EOOD MITKO DONCHEV DIMITROV BULAGENT SMAG SALIM YUSMENOV ET METIKA 2000 OOD EKSPORT IMPORT ET ZAPRI 2 EOOD FOBOS 99 EOOD ET NIKI-PAVEL GENCHEV BURGER GROUP EOOD DIMITAR SIMEONOV IVA ET SIMEON BA 2013 EOOD DAKI 01 EOOD BELS EOOD EPI EOOD RADOST STO OOD VIKI 2 OOD ALCOZERO-BULGARIA EOOD DANAIL KUNINSKI DIK ET IRKOMA PARTNERS OOD AGROMES OOD ALFA-4 ENERDZHI GRUP OOD STRANDJA-MP OOD ALGAE FARM AD RONZA EUROPE EOOD BAERO OOD RAYN 2015 EOOD IVAL - 2015 OOD MMTEKS OOD PIRENI OOD MUSTANG SS 75 EOOD SYNERGY NET OOD SD PANATSEYA-ZH MANGALDZHIEVI I SIE AGROBIOTEH EOOD NEOKONS OOD TODOR PENEV GOSPODINOV ARNI 2013 EOOD DENI - 2014 EOOD VAYTA PRO INTERNEYSHANAL OOD NIKITA NIKOLINA TODOROVA ET ET PETAR PARVANOV - DEMETRA SLADKISHNITSATA EOOD M FOOD GROUP EOOD SI PEK EOOD NIKOL EOOD G AND H TRANS EOOD ZELEN LUK EOOD PITSA DANTE EOOD FANI-72 OOD MMM IMPORT EOOD DIMES 2000 OOD MONNTIS EOOD SPV INVEST OOD 31 SeeNews Industry Report

LUKAS 60 EOOD OBENTO EOOD AYSEL 2012 SEVDZHAN ISMAIL ET BINI TRADE OOD DINKO DIMITROV 2009 EOOD ET GEORGI MALINOV-2005 DAYSKI-KONSTANTIN DAYSKI ET YULINEL OOD ACHELA EOOD SISTERCAKE 2 OOD VKUSOTIIKA 7 OOD TSANI ART OOD I ZET KIRIL YUNCHOV ET NEW LIFE 2011 EOOD GEORGI SHALAMANOV-17 EOOD MARAZOVI OOD SUIT CHELINDZH EOOD ET MAKEDONKA MITSEVA DONI-M JANA 90 EOOD ATI - MO OOD PIK FOOD EOOD SLAVCHEV 2000 EOOD HERBALLAB OOD RODOPA KOM OOD GAMA 2002 OOD NIKOLAI NIKOLOV ET EUROPACK EOOD KIROVI 4 OOD BUG COFFEE OOD DOLCHE VITA 21 EOOD DOBRIN 79 EOOD ORION 2002 OOD DZHELA N D EOOD NENOVI - MILEN NENOV EOOD KOSI M KOSTADINKA GEORGIEVA ET EKOEX-M EOOD SANDRA 2010 EOOD DITA 8 EOOD MESARITE VN EOOD REAKTIF KOMERS OOD EXTENSIVE SERVICE OOD NEXT ENERGY 1 EOOD VELI - 28 EOOD HAYKLAS TREYDING EOOD EM I AS OOD ROKO ANGEL TOPALOV ET DELIGO TRADE OOD RESTART 15 EOOD HLEBOZAVOD VELIKO TARNOVO AD MILEN MANOLOV 2018 EOOD KOLYO STOYANOV STOYANOV BM NUTRACEUTICALS OOD UZUNOV 2005 EOOD HRISIMA 07 OOD ABDS INVEST LIMITED OOD GERGANA CAKE 2016 OOD HELFA 84 HYUSEIN BASHEV ET IRIDA CHOCOLATE EOOD NEDEV STIL EOOD SEVEROZAPAD - 2016 OOD TASGAR 2016 EOOD POTREBITELNA KOOPERATSIA RODOPA RAYKOVO EMON TREYD EOOD FARM KARAKULAK EOOD KOOP MOLINERO EOOD TLP EOOD HIPER GRUP OOD BULKARTO EOOD RAVNOGOR EOOD MIA 2006 EOOD KUTINOVA 71 EOOD SAVOYA EV OOD ET TRAYCHO NAYDENOV-KATYA 0505 BALKANSKI BILKI OOD EVROGAZ OOD ZLATNO RUNO EOOD FURAJ ROSITSA EAD ANONA TRADE EOOD FILIP & FRANCHESKA EOOD DESII EOOD TARANTULA L S OOD ECOFOOD BG OOD ET ELHES - RUMYANA SHAVOVA ET MARGARITA HAMBARLIYSKA SUGAR HOUSE EOOD DENCHEV MEL EOOD AGRO SIP OOD KOVACHEVI SITI OOD IONI - 2016 OOD DIMITAR MADJAROV 2 EOOD GELATO 2009 EOOD CHEESE THE QUEEN EOOD GAMA 18 OOD RAMOS - 94 EOOD MARSY MB EOOD DIMITAR BIKOV ET SHIK STANKA GEORGIEVA ET IV 2000 69 EOOD NIKOLA NIKOLOV 95 ET DAMYANOV 64 YOSIF DAMYANOV ET MUSI 2015 EOOD KONKORDIYA - ANTONI PETKOV EOOD OLIVA AD MALINA 2010 INDZHOV EOOD NIKIMEL 14 EOOD KRISTO HRISTO SIMEONOV ET MAVIPEK OOD DRUZHBA HIM ATANASKA KUZEVA ET LEVENT - ASAN SALIEV ET EDI VI EOOD ILDAN - 2016 OOD SIRIUS 2017 EOOD FURNA ILIAN STANKOV OOD GEORGI KATSOV RAY YUV ET MILTET EOOD BIK EOOD HITI GRUP EOOD KALIA EOOD LOTOS - N OOD BETI 926 EOOD ET RAD-VLAD - STEFAN STOYCHEV DASINA-DUO OOD SI KO OOD EVAMEL EOOD AIDA GYUNAY IBRYAM ET BP TREID EOOD PIP TREYD OOD TIHOMIR HRISTOV ET SUNIVERS OOD GERI - 2009 - TODORKA ILIEVA ET FENIKS 63 EOOD ILZA YAHOVA 2011 ET ET ZHIT - TODOR IVANOV DIMITAR TANEV ET ETSE TREYDING EOOD ARTISAN BREAD OOD KEMI-VESELA KIRILOVA ET SVETLIN MARKOV MARTI ET ANGEL ANGELOV 2016 ET SIATRADE EOOD AL - AR - DI EOOD KALOIAN I KO EOOD BULGERIAN TEA COMPANY EOOD ZLATKOVI - TR OOD EM-SI 2018 EOOD EKATERINA 2018 EOOD GYNECH - 6 OOD SLIMFUUD EOOD SLANCHEV LACH SVETLANA MATEVA ET FERO - SHAKIR MEHMED ET EMIL & RUMI EOOD KRASIMIR STAMENOV ET LORELAY EOOD MIRI 2016 EOOD MILEN GAVAZOV ET BIBI INVEST EOOD RKS FAMILY EOOD IVANOV EOOD AGRIKOLI EOOD BERY-BAHAR HAYRULOVA ET GOLKOM OOD USHEVI GRUP EOOD ESTEER EOOD K & E ZLATINOVI OOD DEVA MES EOOD 545 OOD ARINA 2006 OOD VELINA M EOOD TAT SUNFLOWERS EOOD ZDRAVOSLOVEN BUMERANG 1 EOOD KEY BIO INDASTRI BULGARIA EOOD SLADKARSKA RABOTILNITSA ZHANA OOD EMI RAY EOOD DEKADA OOD FS TUNI EOOD VESTA TRADING EOOD TONI EN TODOR NIKOV ET VDN TRADE JSCO. AD MUSTAN 3 OOD TERABELLA OOD ELENA BARDAROVA - M EOOD WILDE FRUCHTE EOOD PALASHTUROVA VYARKA PALASHTUROVA ET KIPS EOOD ET KANA TENEVA PRIATELI 2014 OOD SEVMES OOD MERILEND 2013 EOOD SOLEY HD OOD VR GROUP EOOD ZEVS VENTSISLAV KOSTOV ET PARADOKS KONSULT 90 OOD ADES TRADE EOOD MISS 2016 OOD KUVVET EOOD NASKO 2016 EOOD KGB-95-KOSTADIN BORIKOV 1 EOOD AGROMEL KIT OOD RINS EOOD ELINI 90 DANIELA GEORGIEVA ET MVCH KARABUNAR OOD VELVAS OOD HLEBOPEKARNA VARDAR - SAVASH KERIMOV ET ET KRASIMIR PAVLOV ZAHARIEV - AVTOSERVIZ- TEMISA 15 EOOD MANDRA SARAYA OOD DIAMANT 99 EOOD KOR FERA IVANKA KIRILOVA ET MIKRA KETARING EOOD IVAN IVANOV IA ET ECO MES EOOD HELIANTHEAE OOD START-97 OOD HRIZANTEMA OOD BONIK - 91 EOOD NIA NIKOLINA ATANASOVA EOOD AHAT-H EOOD LILIS EOOD PASHO OOD REDDZHEKI REDZHEP DZHEVAT ET STIV 95 ZAHARINKA CHUKOVA ET TITAN SERVICE EOOD MILOTA OOD VIVIAN-66 EOOD ORION - DZHUHAL EOOD TAMARIN EOOD ROYAL IMPERIAL - 44 EOOD IVIL IVAN KRASTEV ET PENKA PETKOVA NEGI ET KREDO 98 OOD SAL KOMERS 1 EOOD ZANFAU EOOD GUNTER - 13 EOOD IVONIK-2008 EOOD NASETO- MEL OOD UNITEMP EOOD CHOLAKOVI EOOD ORBITA OOD MLECHEN RAY 2 OOD TANDEM V OOD MONESTO EOOD MMIG - 2006 OOD ET HRISTINA ELENKOVA OLIGK OOD BULKARIOKA EOOD ASYA 13 ASAN MUSTAFA ET BORISOV DRAGANOV OOD MINA-ELIT OOD ET TODOR GOSPODINOV INNIX-M EOOD MAVIDEST EOOD MIA FUUDS 21 EOOD PERIVOL EOOD BURGATTA EOOD BIOVITA 14 OOD SPASENA EOOD JAVORINI-GALINA IVANOVA-GIOREVA ET NIKON-NIKOLAI NOKOLOV ET ROANA 16 EOOD BIOSTYLE OOD 32 SeeNews Industry Report

ANGEL KOSTADINOV VASILKA KOSTADINOVA ET MAKROCOM OOD DINCHO DINEV - TERMOINGENERING ET MILK KIS EOOD DANO - 96 EOOD VKR-2000 EOOD DIMITAR PEPELANOV ET CAZI - 16 EOOD HANI TREYD 2012 EOOD RAM - 2016 EOOD ET STOYANKA CHUNGAROVA - NIKIVA BABA TONKA OOD MERDAN EOOD IMPAS 14 OOD ZOIA - 91 OOD ES BI EM KEY NUR OOD MARTIS 09 OOD YILDIZ BULGARIA EOOD ISKO I RENI YORDAN ILIEV ET GALATS DIMITROVI SADRUZHIE SD GORSKA POLYANA EOOD EKO MED I KO OOD ZHORZHETA G 1 EOOD VASILKA KOLAROVA ET GROTE OOD DENIO KALCHEV-53 ET ELIAZ OOD RIPEGA DREAM EOOD YO RON EOOD AMIYO EOOD PETINOV AND CO OOD IVEGEL EOOD - ET BULGARIAN ROSE - IVAN VAZOVO OOD EVI 61 EVELINA OGNYANOVA ET AGAPI NEL EOOD KUMINIANO FRUIT OOD KARAKOVA EOOD MI LO DI LORA VITANOVA ET AVICENNA HERB OOD KVIREST OOD ZLATNO BREZOVO EOOD TETRAKOM VLADIMIR DIMITROV LYUBEN LAKTONI EOOD IVANOV ET ECSTRACTPHARMA EOOD KARIBU OOD IVO - 2012 EOOD LOST SITI EKSPORT EOOD DESITA - YORDAN MARINOV EOOD AVI 33 EOOD ET MEHMEDALI BEKIR - MEHMED BEKIR KRAEVEKSPRES - ZLATKO KRAEV ET LOM TRANS OOD VECHNI PCHELI OOD ALTINSOY NUTS OOD A S T - 2000 EOOD NIKOLAY HADZHIEV - NIVEL ET MEDIANA MEDIANA ASENOVA ET VESELINA 333 EOOD 2012 OOD KOMOKS DONCHEV I DONCHEVA S IE SD DULOMAKS OOD DITTA 2008 OOD STYANKA ALEKSANDROVA-TANYA 91 ET NENKO TRIFONOV FOODS OOD ET SVETLANA-92-T- MARGARITA TODOROVA VEGA G GEORGIEVA OOD SISI - LUBOMIR SEMKOV ET LIYANA- EOOD DOMINAS EOOD IZGREW 2015 - MG EOOD CHERITO EOOD LAS VEGAS EOOD JDD KLIMA EOOD PIKANT TRADE OOD KIKI 77 DZZD IVMA - 90- IVANOVI - SIE SD NEOMEDA EOOD BIOSET OOD VAKOM MP OOD BEST KRASIMIRA KOLEVA ET SEMEYNI SLADKI EOOD ELKA ELKA RANGELOVA ET ILMA OOD SI COMMERCIAL 7 EOOD AQUABAR OOD GERGANA 1993 EOOD DUDAS EOOD CHAVDAR 2014 EOOD TOMI YANCHO YANEV ET VITASLIM OOD ULTRAMEX EOOD IVPLAM - WAFFLES OOD TIBET HEALTH EOOD VILIANA 70 EOOD BMD 12 EOOD SIANA MES EOOD CAKE BOX OOD ZOROV 91 DIMITAR ZOROV ET ABOVO7 EOOD MINCHEVI EOOD DIMITROVI OOD MANOLOV MILEN MANOLOV ET DAISY LUX EOOD SHEFAR EOOD TANYA 3000 EOOD KATERINA KRANCHEVA EOOD KVASETS EOOD GOLDYN PRAIS EOOD SAMIRDZHAN EOOD OCEAN JORDAN DONCHEV ET DANI 5001 EOOD GLORY EOOD I-ZET OOD LOTOS 4 OOD VASIL ILIEV DENISLAVA ET IM KOMFORT EOOD DONFI EOOD NANI ANKA ASENOVA ET NELI VATKOVSKA ET RILA-MILK EOOD BULHLEB-21 OOD MAGIMEKS OOD ZLATNO ZRANTSE 72 EOOD FIRIN OOD OPICVET MILK PLC AD BIS 98 OOD PLAM - IDA - PLAMEN DOICHEV ET RADI 2006 OOD ILIA KOSAKOV ET BIOFRUT OOD G.K.-G.E.KA EOOD EDEN GARDEN BIO OOD OSI BEY EOOD TSENTROMES OOD DANIELA YANAKIEVA VASILEVA - DANITA ET KLIKS OOD ET GPD - GEORGI DAVIDOV PLAMEN VASILEV DIMOV TEAM WORKERS EOOD PRESLAVA I MADLEN EOOD SUNNY WAY EOOD ARLANDA EOOD BAKE PARTNERS OOD KRAL 1 EOOD RAMM-90 M - MITKO GERASIMOV ET BALGERIAN GRIYN PRODAKTS OOD I M B 07 EOOD SLADOST EOOD VEDA OOD CHO-SON ET AZALIA - MK OOD IMAM - MIYT EOOD CUKI - 96 OOD ASPARUH PETKOV ET ET STELI 82-STELIYAN SHOYLEKOV BABA TONKA-NOVA EOOD INTERAROMA OOD NEYCHAR GIFTS EOOD SUITVIKS PERUNIKA ATANAS RAYKOV ET BILKARACHEV EOOD TUNI PEK-TUNDZHAY AHMED ET ISKO EOOD GALATEYA 2000 BYALKOVA I S IE SD MILINA 90 OOD EKOTERMA EOOD DANSIS - P EOOD SORTE 76 OOD YULIAN ISAKOV EOOD LE VAFLE EOOD ET MB-90 - MIHAIL BOZVELIEV ET ILIYA ILIEV NUHEALTH AD VALI - VALERI STOEV ET BAVANTI OOD SISI KEYK EOOD ELEYA EOOD ZHITIN HLYAB EOOD DIT 06 EOOD RADOSTINA KRASIMIR KAMBEROV EMIL DZHIIN 63 EOOD MESOKOMBINAT KARLOVO AD KAMBEROV ET K EFEKT OOD DEVI - SS CO EOOD VILI SHANS 59 - VIOLETA KIRCHEVA EOOD CHILLI HILLS FOODS OOD DZHINIAS BEYKARI FUUDS EOOD DEN I NOSHT BG EOOD MERI - ES - DIMITRINKA ATANASOVA ET SAHAND EOOD VERONA OOD GO GREEN 71 OOD SUITI-2011 OOD MARIQ-VIKTORIA EOOD VESELIN ILIEV ET NADEZHDA OOD KRISTINA GEORGIEVA 2013 EOOD DAY AND NIGHT OOD TOLEVI 97 OOD AS ANTON GEORGIEV GEORGIEV EOOD BRATIA PETROVI OOD FRIGO EOOD ET NADKA POPOVA ET MERI-YUV-TSVETANKA MITREVA TIROL - EOOD SAF-V EOOD THE HOT OVEN SOLE-OWNER LLC EOOD BORIANA-2012 EOOD ANDROMEDA GINCHO KORALSKI ET KOSTOVI EMK OOD DERONI STARA ZAGORA OOD ET DZHEP - DELCHO GEORGIEV ONIKS - DONKA RADEVA EOOD DIMITAR MITEV ET EASY LIVIN EOOD APIMED 2013 OOD GOERGI CHAPKANOV 85 EOOD RUZHDI - 8901 EOOD GERI M 15 OOD CHARMY OOD ALLIANCE AGRICOLE - ALAG OOD MAYRD OOD ZEMEKS OOD SIVIK - SATOWCHA OOD RICE GROUP OOD CHERI KOMERS 1962 EOOD MIRENA 80 KINA GEORGIEVA ET GETES OOD PRAGA SEMERDZHIEV I SIE SD LIAZ 75 EOOD YANICA 86 EOOD ERAVAS EOOD PARADISE KETARING EOOD SORIMECH OOD RODOPI MESKOM OOD KRISS 93 OOD BRATJA ZAFIROVI OOD KUSI OOD GDP PAGUREVI EOOD BREZNIK BG EOOD KETCHUP-FRUKT INVEST AD SMM MEAT OOD ANTANI ANTON MILADINOV ET ILIA IVANOV ZORNITSA ET IRADI-96 - MITOV ANGELOVA SD VELIKI PRESLAV 2002 EOOD DOBRUDZHA OOD T TOMA TRIFON TRIFONOV ET ET EMIL MILANOV- ANI-M TOPAZ MEL OOD SLIM FIT EOOD MULTI MEDIYA GRUP EOOD NIKOLITSA IVANOVA NIKI GANKA TODOROVA ET NOVA HLYAB OOD LAZAROV KOMERS EOOD BILTRANS VLADISLAV VELEV ET KUMRUYAN OOD SLADKARNITSA FAVOURITE - LOVECH EOOD BULDEX OOD 33 SeeNews Industry Report

STANI FAYF KOLYU VALCHEV ET ET IVAN ARASHEV - ILIYAN ARASHEV KRAPAN EOOD EL PET 89 OOD OSI 64 OOD ONIUS TRADE EOOD STELIMEKS EOOD MESAMBRIA 2012 EOOD ELIT PEPA LAMBUROVA EOOD PLAM PLAMEN DENEV ET ARM INVEST AD KRASITA EOOD ISTAR ECO CONSULT AD VILISON GEORGI VELIKOV ET PASTA FRESCA EOOD GIVIS OOD ATHLETIC - 2009 OOD KORAL SH EOOD ROYAL POTATO VARNA OOD ET TANINA - STOYAN DYULGEROV ARDIYAN EOOD VILIDZH MILK EOOD DIANA NACHEVA DIA EOOD BAYRYAM PASHA ET MESKOM SOFIA EAD TRI EOOD MURTEL 99 MURTAZA BIMBASHOV ET SURI - SVETOSLAV YULIEV ET CHOBANOVI 2013 EOOD TERA DZZD ET BOGOMIL KRUMOV - GANKA KRUMOVA P I P KO AD HM OOD MARIA GOLAKOVA ET SLADKATA MARIYA OOD SATIMEKS EOOD TOMI OOD KRIS PROFIT EOOD RUMEN IVANOV MILANOV ET T TOMA OOD GEORGI I KATRIN EOOD IVAN KONDEV ET S PLUS S-S TIMEVA OOD BULGARCONSERV RUPITE OOD MERILIAN-2014 EOOD HLEBOPROIZVODSTVO SZ OOD OLYMPOS 2006 AD LAKTO PAK PROTSESING EOOD BALKAN FINANS BULGARIA EOOD NIKSEN OOD DAFNI 09 EOOD SIS INVEST BULGARIA OOD ATANAS BANEV ET MARIYA POMAKOVA EOOD TANDEM POPOVO OOD EKO PRODUKT BULGARIA EOOD FORI PLUS - 89 H HRISTOV EOOD FELICHE-2011 EOOD YASTREB GROUP EOOD ILHAN 1 EOOD DIEL MS EOOD COLOR FOODS EOOD GOLD BAKERY EOOD ALFA KAPITAL EOOD GITMES EOOD SIGMA - 2000 EOOD NORA - KAN 1972 EOOD MASTAR-PIK EAD ELPINA - NADKA KUSEVA ET KONISA-CHOCOLATE OOD ELINOR MP OOD LIMEC BG EOOD ELIMUS EOOD SHIK 1 EOOD GOLYAMATA ZVEZDA EOOD SLADKA FIESTA OOD KEHAYOV KYU 81 EOOD SHERRY-3 EOOD NUR VE AY EMIL CHOMAKOV ET MEGAFRUIT OOD VIVA TRADING EOOD LILIA MILK EOOD AYLIN KRASEN BASKOV ET KOLIBRI 8 OOD MONESTO 2016 EOOD 13 GRAMS EOOD DAMA 2018 EOOD JITEN CLAS 2010 OOD MALEVENTUM MARON EOOD NAVAI 2001 EOOD LYVENA OOD MARIA MLADENOVA ET CHIPITA BULGARIA AD RADO I FANI EOOD OVTSEFERMA BRATYA BORISOVI OOD DANI 06 OOD MESOKOMBINAT ASENOVGRAD OOD APE 2001 OOD FENIX MEL EOOD AGOCOMMERCE ALEV AHMED ET NEVI - NEVENA IVANOVA ET SLADKARSKA KASHTA ALF EOOD BULMILK 1783 EOOD KOLAKOV-17 OOD RICO EOOD NEW CORN EOOD MESKOM PLEVEN OOD IVIMAR 2012 OOD VASILEV I BRAT OOD ATIUS 2003 EOOD FARZANDO EOOD ET YUSI-FAY - ASEN ASENOV IBRYAM CHERKEZ CHERKEZ ET MAKSIMA 94 EOOD IV - YAN 9800 EOOD RUSENOV EOOD APIS NN NIKOLAY NIKOLOV ET MARINOV 52 EOOD BALKAM GROUP OOD MATSOLA - 2008 EOOD VELICHKA KOTSEVA ET SANI GRUP 08 EOOD RAINBOW FOOD OOD YANA 1 EOOD VKUSOTIYKI EOOD KRISI 99 EOOD SKAT OOD KRASTEV D EOOD RONIFIL 73 EOOD G-PRO GROUP OOD ANNA VRACHEVA EOOD ZAPRYAN GENKOV ET TAXI - ASI - RUZHDI AHMEDOV ET KAYA VEG KRIEYSHANS OOD SEVITA 2001 OOD NAID SOLAK ET BALKANI - 2014 OOD DH-46 OOD MM DESING OOD DIYAVITA CLS EOOD KLANITSA MERKEZ OOD DANI 1975 OOD BOGOMIL KOLEV-YAVOR-ST-91 ET KOLYO MITEV ET LE MARQUISE OOD ZAIRA-Z Z EOOD GERCHETO OOD FORINAR OOD BIO OREH BG EOOD SE MIRALAEV EVGENIY GEORGIEV ET ASTREYA 91 OOD GALAKS OIEL EOOD DEKRIS I KO OOD TERATREYD BALGARIYA OOD ZAHARNO PETLE-SAMOKOV OOD BOLKAN FROUZEN FUUDS OOD EVELIN 29 OOD MAGI T IVANOV - TODOROVA CO SD STOHOR I STEFANIA EOOD DELANA OOD GOURMET ST SOFIA EOOD SHARAPA 1 PLS EOOD APOSTOLOV - Z EOOD VAS EOOD DIPI EOOD BHM EOOD VESKA-91 - VESKA STOYANOVA ET KADIFE ART EOOD MM JUNIOR OOD TIVATRADE EOOD ZHITINA EOOD HOUM SUIT HOUM EOOD CHOCO TEAM OOD KIPRUS - 83 EOOD FRESHNESS OOD SHIYP GRUP 2016 OOD DZZD NYURADEL BITOLYA 1 OOD ET MARIELA - MIHAIL MATEV ANIEL - 86 EOOD GRIYNS MARKET EOOD DOVERIE KOOP. ANDA 2012 ANKO PETROV OOD G S REFLEX EOOD MIS MILK EOOD KAMEA OOD POLYA - 2005 OOD REDZHI I NEDZHI OOD DOLYA 9 TREYD EOOD LEVAN BEYKARI OOD BELL KO EOOD LYUBO IVANOV ET ELIT P EOOD TIM-BORINO EOOD ALEKSANDAR IVANOV ET TERVEL GROUP OOD MLIN OOD HRUPANKI OOD AVRORA 93 EOOD OZDEN OOD KRAMA OOD ELBOKADA 2015 OOD ALEKSIEVI - SHEF PARFE OOD VGK LATINKA PETROVA ET STILIAN STOIANOV ET NOREX AGRO-2 OOD PATALOV 93 EOOD MILKA BORISOVA - GYUNAIDAN-SHEN-2014 ET FLABURI OOD ET MLECHEN PULS 95 - TSVETELINA TOMOVA NEOPHARM BULGARIA EOOD MARIELA - SONI OOD BRAKE EOOD GENIDIS 2015 EOOD BILY GRUP - SOFIA EOOD ZORNITSA IRINA POPOVA ET MANDZHUKOV BREAD EOOD RIS RUSI RUSEV ET ET STIVI - NEDKO NEDEV DOBRUDJA - EOOD ROMANTIKA EOOD KARA SPLTD EOOD VILTEO OOD KEBUP 3 DZZD SEVI TRADE EOOD HERBA GEOS EOOD MLADOST 2 YANKO YANEV ET ROSEN STOYNEV ET MESOKOMBINAT-RAZGRAD AD MELNITSA LEVSKI 2004 OOD SDM 89 OOD EVROMES OOD TORTI RENI EOOD VENERA 12 EOOD LOTUS V EOOD KRISTA-DP EOOD KITKA 1999 GYUNAY IBRYAM ET DAKA 63 EOOD AGRONIK EOOD TAKT MILANOVI EOOD KALDI-4 OOD KRASIMIR SOLENKOV ET MOLLOV 393 OOD MJ DAIRIES EOOD KLAS 1 OOD FRESH TASTE AD ET TANYA DIMITROVA - NADIN ET DIMITAR STOYANOV DELICIOUS EOOD BG FOODS EOOD SHIDEROV EOOD TOP BISKIT OOD MERAI 2001 EOOD ET DANI 2017 - PENKA YORDANOVA ET IVAN KUTANOV VAN MAR 2000 OOD NIKOLAY GANCHEV NEYKOV FORTUNA ENTERPRAYSIS OOD RISK 2008 EOOD BOYAN BOEV 08 EOOD ANDREA BAHRIE OSMAN ADRIANA VELEVA ET 34 SeeNews Industry Report

BALAZOVI OOD SHEN YT 91 KOVACHEV SIE SD VEDA-34 EOOD LAKTIS EOOD NASLADA 92 ZLATIN YORDANOV ET KATI 2018 OOD I & P 2010 OOD GEMMOPROCESS OOD ZHITENATA PITKA OOD ZLATEN PLOD P EOOD PERPERIKONA OOD AGROPLASMENT 92 V AD TRAKIYA PIG EOOD DANKO - FIKRI IBRYAM ISUF ET MITRA VESELINSKA PARVA GRIZHA ET CHOPI-SASHO STANIMIROV ET TROPIK OOD MUSH CHERY COMMERCE 63 EOOD DIMIS EOOD SLAVCHO GRANCHAROV MELANZH ET MESKO EOOD COMPASS EOOD TEDIMEX OOD SAFKO - STEFAN GUDJOV EOOD INVESTA 12 EOOD EUROSTART 79 EOOD PIM MIHAYLOVI OOD STANEV KONSERV EOOD BLUE BAG COFFEE OOD VALERI MANCHEV 82 EOOD ET ELKA PIRNAREVA ELI - 2012 DARI EOOD MARLEN 1 EOOD BULGARIA TIANSHINONG FIYD KO OOD ELI ELKA NOCHEVA ET BITAS EOOD KRICHIMFRUKT OOD VAL - DANI COMERS 2016 EOOD NANYUK INTERNESHANAL OOD BI-EL EOOD ZLATINA 91 EOOD ABLAMILK EOOD PLAMEN KOSTOV - CDM ET 7-MI MAI EOOD BULMED 2002 EOOD ADI KOMERS GRUP EOOD OLEG PANDINOV 2013 EOOD IV KOREKT 69 OOD ALEKO 2009 OOD MAXIM-DENICA EOOD DGE EOOD RAWCAKES.BG OOD BAT SHERIF EOOD MILENA - RADOSLAV CACHEV ET IVANKA ARABADZHIEVA ET KRIS DRIYMS OOD NATURAL CHOICE EOOD MAISTOR GOTVACH OOD SOKOLOV OOD AB-FENTAZI EOOD HAYAT FOODS OOD RAMARIS EOOD ANMAR OOD BREAD COMPANY BULGARIA AD RUMINA EOOD SAMI I SHERI EOOD EGEYA 79 OOD TURKON YORDAN STOYANOV ET TONI - A EOOD AIDA 2010 OOD PRIMO TRADE EOOD ROSINI - GRUP OOD MATRYOSHKA 83 EOOD ASEN ASENOV 70 EOOD SVINEVADSTVO MANOLE-2 OOD VICTORIA NUTS EOOD DECH EOOD GLOBAL FOOD COMPANY OOD AUTOPROJECT EOOD VIP IVAN IVANOV ET SHANDI - ANGEL YOVCHEV EOOD GABILAND EOOD DELANA 92 OOD ZHIVKO GROZEV ET STORCO EOOD STANGO 89 EOOD MLECHNI PRODUKTI TRAKIA EOOD DINO 2010 STOYAN DINEV ET SLADKA MAGIYA OOD PIKANTINI 2016 EOOD EKMASAN - 83 EOOD VIORA PEPO KRUMOV ET FONTE FRESCO EOOD YUSI OOD MANCHINI - 90 EOOD TED 2005 OOD SAMI SHANS EOOD SAVENKO EOOD MARIGOLD FUUD OOD BIODEN EOOD KRASTNIKOVI OOD SCHREIBER FOODS BULGARIA EOOD MISTI IVAYLA ILIEVA ET AGRO-PRO 85 EOOD EFEB OOD BILKI I MEHLEMI EOOD BOBI PETAR KADINOV ET SALON EOOD MIG - MAGDALENA GROZDANOVA ET MAKSIMA 74 EOOD SMM COMMERCE OOD ECOVITA OOD PARET OOD M & M OOD EKO-BILKO EOOD BROTHERS COMMERCE-2012 EOOD ALFA MARKETING EOOD GASTRONOM KETARING EOOD HALEVI EOOD ERSAN OOD ST METODI 98 - VESELIN VESELINOV ET SLAVCHO SHOPOV - 2016 OOD TATUNCHO EOOD K17-V9 EOOD KGB 95 KOSTADIN BORIKOV ET STEFELK EOOD STAN COMMERCE OOD DZZD VEKTOR ET LYUBOMIR MIROLESKOV - LM TREYD VSV EOOD EMA ELENA VALCHANOVA ET TSVETKOVI I SINOVE EOOD NARSI NINA ASENOVA ET DIKAR 2017 OOD IVMES EOOD RANKOS OOD STELA - 90 - GATJO KOLEV - DETELINA KOLEVA ET S KOMPLIMENTI EOOD VASKO PETROV AND SONS EOOD FUD KINDOM OOD MIRCHEVI 2016 EOOD BULDARA M EOOD WASH AND GOO - MC OOD MESOKOMBINAT RAZLOG OOD EMILIA KOVATCHEVA ET MARKRIT OOD VE PE PI VESKO PIPEV ET MLADA OOD MAK 2012 MEHMED KUYUMDZHIEV ET BALKAN GRUP 20100 EOOD SIMONA - STOQNKA STOQOWA ET G DECOR OOD VENTSI TREYDING EOOD KORN FUUDS EOOD DIBOR EOOD AICHEGUL-2012 EOOD DARIYA - YASEN EOOD MIMI 99 MARIN MIHAYLOV VASIL MIHAYLOV ET D & S - NEDELCHEVI OOD BULDOCTOR OOD MEAT - DROPLA 2004 OOD PEPI - 2011 EOOD MILK INZHENERING OOD EL - PRODZHEKT INZHENERING OOD GORCHIVO-SLADKO EOOD KRISTI EOOD INTER S 2000 EOOD PETRAZITE OOD DIGANT OOD FRIDA 71 TATYANA TSVETKOVA ET FOLK 3 STOYAN SHOPOV ET ANGEL MOLLOV 2007 EOOD ATI ATILYA MURAD ET ILIYA KOSTOV 2013 ET GABI P N OOD VLADIANA VLADIMIR ZHIVKOV SNEZHANA FITPRODUKT EOOD ZHITEN KLAS OOD TIT TENYO TENEV ET ZHIVKOVA ET SAMI M EOOD DESTAN EOOD TRAKIYA PLAZA EOOD YUNDOLA EOOD EMANDI EOOD PIKONS OOD REAL BULGARIA OOD DEVON OOD MELA KOMERS EOOD ARNI 2018 EOOD DZHERAN 2006 EOOD ET YOSIFOVA-91-TOTKA PETROVA - PETAR KASIKA TODOROVI EOOD DIDO-73 EOOD IMANSON 2012 EOOD YOSIFOV MIRO M 07 EOOD ANTANI S ANTONIO SEKULOV ET IZI TANK PLEVEN EOOD ET NINA - NAZMIE AKIFOVA ENGINKOCH EOOD SK G EOOD MESOKOMBINAT RUSE AD SANDARS - ALEKSANDAR SASHEV EOOD ET ALIBEY - ALI ALIEV EUFORIA EF EOOD ET HADZHIYSKA SRESHTA - DZHENA HADZHIEVA ET SAMKO-97-SAMIR KYAMIL SAK FUUD OOD IVET TREYD EOOD IVAN PEEV 2014 EOOD EKLIPS 75 OOD SV OOD ERGENE OOD M - KOMERS 1992 OOD ET AKSU-RUMEN YORDANOV - YULIYAN RUMENOV FRESHFOOD EOOD STRATOS EOOD PIZZA PEYNIRLI - HANDICRAFT OOD SKORPION 1993 EOOD SIANA 2018 EOOD DANI ATANAS KARCHEV ET PEPI COMMERCE OOD FOOD 4 YOU EOOD GEORGI IVANOV CHELSI ET ENI - 76 ETD EOOD MILEN MANOLOV 2019 EOOD BIOPRODUCTS - BULGARIA EOOD YOSIFOVI 91 OOD ET MALINA - INA - RUSKA STOYANOVA HLEBOZAVOD PLEVEN EOOD VALKOVI 2014 EOOD MADIKS EOOD AGROMEL-DD OOD LEGE ARTIS MEDIKA EOOD DUNAV SEEDS 1 OOD PEPI 82 DZZD ELIVAN 2010 EOOD ANDREEV 69 EOOD ET NOVI - TATYANA NORIEVA KOLEV 73 - DOBRICH EOOD BONMIX EOOD ET TEODORA YORDANOVA SIMONA VALENTINA TSVETANOVA ET ATI AKSEL OOD GOSPODINOVI OOD KOLEV 44 EOOD ET AYLIN 88-SEVIYA SKENDER FILAS OOD ERISAL - ISMAIL EMIN ET BORIKA 56 EOOD FLY FISH EOOD KARAVELOV I SIE EOOD SENY 69 EOOD TRAMER TREYD EOOD ALEKSA STIL EOOD DZHINGIBITO 68 NEDYALKA DINKOVA ET BOKAROSA EOOD MARIANA 2003 EOOD HELIOS OOD 35 SeeNews Industry Report

BIOHERBA R OOD BELIA 40 DIMITAR ZHIVKOV ET IVIDO15 EOOD SLADKO I SOLENO OOD SEVIN SEDEM EOOD MILFRED 2 EOOD BOBI RACH OOD AMIKO A OOD LARA I EMA EOOD P V D OOD MLECHEN SVYAT 2003 OOD ARBAR OOD RILA MEL 1 EOOD DIBOS IRENA STEFANOVA ET MELNITSA VARNA 2006 OOD DZHUROVI I S IE SD ISIDOR - GERGANA KRUMOVA ET IRINKA RADENKOVA ET LAZAROV OOD YONI 95 EOOD CVETINA - 2013 EOOD IGEI BG EOOD MILKTREYD BG OOD ET RADOST- ZELYUNA BOSHNAKOVA RASTITELNI MASLA EOOD SANI-05 OOD SPORT BIOFOODS EOOD T & G EOOD SELINA 2010 EOOD BALEVSKI EOOD DESISLAVA - 20 EOOD ELFRIDA-98 EOOD EUSTOMA - 18 EOOD PI - MI EOOD DZZD ROMANS- R.GEORGIEEV ALZ OOD MESOKOMBINAT TOLBUHIN EOOD VALENTINA HRISTOVA VALENTINO ET PRIRODEN SVYAT PLYUS OOD STOYANOVA-BALANCE EOOD VERAS 90 ALISH HAMID ET MARS - 90 OOD KASI KONSERV EOOD SIRIO BG OOD MATAND EOOD ANJELI 2008 EOOD TYROKOMIKI EOOD ET ARMA - SNEZHINA SLAVOVA-DONKOVA SELDAT FOOD PRODUCTION OOD AMERICAN POPCORN COMPANY EOOD GENCHEV 91 GENCHO IVANOV ET ET MPM-PETROSLAV MARKOVSKI JAKLINA- JIVKA GEORGIEVA ET SIMEON ARABADZHIEV 80 EOOD KRAPSI OOD DANI DANAIL DEYANOV ET TANYA PRIM OOD ZDRAVKO MINKOV - INFINITI EOOD ANETA LUBENOVSKA - ANIKA EOOD KRONOS AD ZDRAVETS A 86 PETAR STANCHEVSKI ET ET STEFKA ASENOVA - STEFI BIO WAY OOD TT VENDING-TODOR IVANOV ET ZHEKO MONEV ET IRIS I EOOD GRADI - NISKOV-70 EOOD MARK 1 OOD RUSKI PRODUKT OOD STAR KOMERS SOFIA EOOD KAYMEST OOD RAVDIN TRADE EOOD NANOV EOOD PALAMUD EOOD TAMIRA 12 EOOD MIRELA N NIKOLAY TROPCHEV ET DENI NIKOLAY ASENOV 76 EOOD MARINOVA 7 EOOD PEPI - 95 OOD VERNADA EOOD ET POKRIVI - ANAHIT GRANTSOVA ANET DZZD MAKRO KOR EOOD ET DIMITAR PETROV - NIDIDA 92 TANYA ATANASOVA GERMANOVA ATAN - ATANAS ATANASOV ET VESELA P-21-PLAMEN FILEV ET DOCHEV-77 EOOD ROYAL BAKERY OOD AGDER EOOD ET HRISTO KOSTOV DENIZ - BILHAN ALI ET SARI JN OOD ALTO PRODUCT EOOD PLODORODIE EOOD DIMIRA-7 EOOD NEO BG EOOD ELENORA EOOD NIKOLAY KYOSEV ZARINA 95 ET UONICK MARK OOD JOMIP EOOD ET ELENA BASHOVA KLEN OOD VESEFT KATYA DIMITROVA ET TASHT EOOD CHICKAS 1 EOOD VASIL VRACEV EOOD MUSI-DJAN 2011 EOOD ES EL AY GOLD EOOD SOKOL 69 DIMITAR DIMITROV ET PEKARNA SHAMI EOOD GEORGI GUSHEV-93 ET DIAMANT 93 OOD OLIMEX OOD USTREM OOD KAPSIKUM EOOD ONITRANS 5 EOOD ET NEPTUN - TODOR NIKOLOV G I D 93 DOBRIN TODOROV ET NEVROKOPSKA BANIZA EOOD BULGARSKA ZAHAR DOLNA MITROPOLIA EOOD MARINELI OOD RUM OOD ZAKUSKI KATI 2 EOOD AZRA- ALI 92 ALI ALI ET AGRO PLANT INVEST EOOD NELI MUSTAFA MUSTAFA ET MARIVA 75 OOD AMAR EOOD DETSKA KUHNYA ANIKA EOOD FUNGOROBIKA BULGARIA OOD STARTMES EOOD LUCKY FOODS OOD THE LION EOOD YASEN 77 OOD RONI EOOD DIANA I SIE OOD FLAVA RANA OOD KOMEKSIM EOOD IOSSA EOOD GEORGIO TEAM EOOD IRNIK EOOD ROMANS R GEORGIEV EOOD NADEZHDA KIRILOVA TODOROVA BAKERY 2 EOOD BAYRAM - SHEN - BORIS VIDENOV ET ROYAL FRUIT BULGARIA OOD SNACK UNIT EOOD DELYAN SOKEROV EOOD VIP - ES EOOD GN TRADE OOD MECHTA 4 OOD DI - MAR - VITANOVI OOD CHERNI PERLI OOD ALIBAZ SEVGI ALIBAZOVA ET INTERKLAS OOD ORGANIK KETARING OOD KATI OOD PONIKA INVEST EAD NEST INVEST EOOD EURO MEAT AND MILK EOOD OBELIX EOOD SCHREK 09 OOD ET GENS-EVGENI MIHAYLOV PI AY 1 EOOD KEHAIOVI SADRUJIE SIE SD ZONAPHARM OOD MEGAMIKS 2000 EOOD ET BESI - MIYT - ATILA KIRPIKOV YUNIVARS 217 EOOD MORISON- M EOOD KINTI TSENOV I PETROV SD PETTAS BULGARIA AD EM MI EOOD ET LILIYA - MINCHO IVANOV - GOSPODINKA EMADIA 2000 EOOD IVANOVA - LILYANA IVANOVA NIKOV 03 OOD HLEBOPROIZVODSTVO-BIKOVI- 93 EOOD MARINO BULGARIA EOOD AGROTEKA EOOD BIO GRUP INVEST EOOD STROU PAUAR OOD PICANTA CO EOOD SANI SANDRA EOOD AIV-2 EOOD MIG - V 2018 EOOD MIRO I KRIS EOOD SEVEN NON STOP EOOD HRISTO PACHARAZOV ET BERK 01 EOOD GAVROSH OOD GOLDAN BRED EOOD TSVETELINA OOD SIBIL SONYA DIMITROVA ET MLO INTERNATIONAL EOOD KOMERS MEL 2 EOOD VANIA 55 EOOD FLAVOUR OOD BAKEHOUSE BM EOOD VIVETA OOD ACCOUNT 2018 EOOD RONI - 21 OOD TRIMEKS DIMITROV MAKSIMOV ASAAD OOD VET 33 GOKCEN RASIM ET IRINA VLADIMIROVA EOOD PCHELA 2015 OOD KERKENEZOVI OOD SHESS - SAKUBOVI EOOD BENELI EOOD SLADKARSKA KASHTA MANOLOVI EOOD EMO ZARALIYATA EOOD TED I PET EOOD ET NIYA - NADYA LYUBOMIROVA PROLET 57 EOOD ELIT PAKT EOOD MONARDA PRODUCT OOD BULGAFROST AD SANI TEZDZHAN SELIATOVA ET BRED INVEST EOOD ZAKUSKI KUATRO EOOD BELENSKI EOOD RADIBREAD EOOD PENCHEV-2002 EOOD KALI 96 GEORGI ANDONOV ET AGROMILL BULGARIA AD ZEMYA I HLYAB GANOVA EOOD TSVETI TSVETELINA NEDYALKOVA ET NEZITIS OOD PAMI 2015 EOOD MIMA 777 EOOD RAMOF EOOD ZARA FURAGI AD IMPERIAL COMMERCE 1 EOOD EMIL MILANOV ET DIMBAL TINKA BALKANSKA EOOD BIOMEDEKS EOOD BIO STAR FUDS EOOD M K B OOD ET BER-NA 98 - SHENER HASAN TOPLINA GIN GEORGI NAYDENOV ET ET PEYCH - LYUDMIL PEYCHEV BULCHICKEN AD RUDI EOOD NADEZHDA 2009 NADKA ZHIVKOVA ET ET STODOR - GRETA GRIGOROVA STANISLAV YORDANOV SLAVI ET SEGAM OOD KAMPINO OOD DZZD P.D. ET NEVADA 16 - PETAR IRIKOV TOMIMES OOD PALAN-90 EOOD SETA TRADING EOOD BI SI SI HANDEL OOD TOPLOKONTAKT SLIVEN EOOD RAYONNA POTREBITELNA KOOPERATSIA GR ET VASILISA - RADKA IVANOVA ET PETRANA TSENOVA - 2015 STANMARG TSANEV I SIE SD GURKOVO KOOP 36 SeeNews Industry Report

HLEBOPROIZVODSTVO I SLADKARSTVO DAIRI PRODUCTS LESIDREN EOOD SUIYT UARLD EOOD EVROHALE - ALEKSANDAR SYROV ET VELINGRAD EOOD GAF OOD VOYNOVI 2 EOOD EKOBIM EOOD A I K 2000 OOD GUNTER - 12 EOOD NESI - MURAD MEHMED ET BRATYA PEPEC OOD ET SYUZAN 90-YUMIGYUL SHERIFOVA GRANDE PIKOLA ITALIYA OOD DJIEV K EOOD KEY FUDS EOOD MED I MASLO 2017 EOOD BALKAN - 2012 EOOD TANGRA - ASEN SPIROV ET GRINA EOOD SIMID SOFIA OOD MEGAL 2001 OOD SOLARIUM A AND E EMILIYA SHOYLEVA ET KASKADA 1 EOOD ANASTAS ANCHEV EOOD ILCHOVSKI 94 EOOD INKOM OOD ANNA MLADENOVA RUMINA 777 ET NARIMA EOOD IOANA 2001 EOOD SANKIISKI EOOD BRATYA GEORGIEVI BULGARIA EOOD JOVAN EOOD DANI 1 OOD GALPLAM OOD SNELA 61 EOOD KASPAR KET EOOD VASI 78 EOOD PANCETARING EOOD VALENTIN IVANOV VALPI OFER ET SAKARELA OOD SAMI TRADE 76 EOOD PANIFEX OOD MIKA S - MARGARITA SIMEONOVA ET PRESTIGE-96 AD NIKOLAY MIHAYLOV NIKE 74 ET VIHT IVAN NENCHEV ET DARI - VAS OOD NAKI NSH EOOD DZHULIYA - DANI - 2018 EOOD MIKE 1 EOOD MILEN VANEV TANOV MISTO EOOD KAPRE EOOD SUPERAVTOTRANS - PETAR DREBCHEV ET NEW PHARMACY EOOD DELTA - RAP EOOD ANDI BB EOOD ERO- H - EMIL HADJIEV ET DANI 2007 EOOD MAMI 01 EOOD AMBAR 66 EOOD FOODS AND SUPPLEMENTS EOOD AGENA 13 EOOD MJOOBIUS-KL EOOD PREMIUM FOOD BULGARIA OOD PRELYUD EOOD TOM CONSERV OOD DIMANA 95 EOOD VALEV I VASILEV OOD NI-KAY 99 EOOD BIO SOLUTIONS OOD POPA EOOD BAMBALETO EOOD ENOLA MES OOD BELANITSA 1 EOOD MALINA OOD MARINA KEHAIOVA ET TOPLI ZAKUSKI 11 EOOD TIMI - 14 EOOD ET POLIDEY-EN - NIKOLAY VELINOV SIYNERDZHI BULGARIA EOOD MLIN-97 AD IVAN MILACHKOV GALBIK ET MARITSA EKO EOOD AYDAR SIMEON SIMEONOV ET ET KOYCHEVI-LILYANA KOYCHEVA ELIVA - 10 EOOD KEYT - 55 EOOD GALEYA - GD EOOD LYUNEBES EOOD RAMCOPHARM OOD PRISTA COMMERCE OOD STOYAN KANCHEV MORSKI ET NOVAHRAN EOOD LATIFE - 70 EOOD MARIA PUNEVA ET DAFLORN OOD D-A EOOD ET TRAKIYA - MARIYA GRAMINOVA SIMID AGRO EOOD ANVES SAMARDZHIEVA PETROVA I S IE SD PLISKA OIL OOD EDIT - 12 EOOD DIGANT - DIMITROV I GRIGOROV SD MEG 59 EOOD MSTM EOOD DIANA 14 DIANA IVANOVA ET VADIS - 2001 OOD DZZD AKULA GABI 2012 EOOD ET MISHO - MIHAIL ASENOV NIKOL TRADE EOOD DZZD NYUSIMEL ZP VLADISLAV DANOV OOD NEGUS 96 OOD ET MERI - MITRA VALEVA M I G 2 OOD RONI MES EOOD GKV 2 EOOD BIO MILK DOBRICH OOD BORALIN EOOD KAP VRACHEV EOOD ST SL RA EOOD LYASI OOD AMEVA EUROPE AD EVELIN BULGARIA EOOD BIANCHI COFFEE EOOD KRASTKA OOD ZLATNI HRANI EOOD MARTEX 08 EOOD HLEBOZAVOD HADJI DIMITAR OOD KANON OOD IRA SOFIYA EOOD TODOR DIMITROV-64-STANISLAV DIMITROV ET POTREBITELNA KOOPERATSIA NARKOOP KOOP GKV 3 EOOD YORDAN KARAKEHAYOV EOOD MAKSIKOM GRUP OOD IVTONI SHOPOV EOOD OBNOVA TSANKOV EOOD TAVITA 17 EOOD KLASIK EOOD ZAHARNITSA OOD ET AYS-GALAB-MARIYA ALEKSOVA EL END DZHI FUUDS OOD ESETRA COMMERCE EOOD PLEVEN MES OOD RILA MILK MES EOOD ANGEL UZUNOV KOPIR ET BOTUR 2015 EOOD BARUTA GEORGI HRISTOV ET KIBELA ZEFIRA YANCHEVA ET CUPFFEE OOD ATESA COMMERCE OOD ANGEL KOSTADINOV NASLADA KOSTADIN SIURPRIZ TD OOD HAZUROV ET RAVI1994 EOOD KREP 20 OOD TOP 20 TSVETOMIR MRAMORENSKI ET MEANDER OOD CVETAN MARINOV-MARYKA GEORGIEVA ET ET SUITI-2001 - TSVETANA TILEVA GEB-16 EOOD HAND EOOD HARNA PEKARNA EOOD ETALON 66 EOOD BANICHARNICATA EOOD MYU NAD OOD TIP CONSULTRADE OOD GURMAN-2013 EOOD MANDRA RAVDIN EOOD TITA 2001 EOOD PE I TA EOOD ANRO 73 OOD CEKO & KO EOOD ALIMET OOD FISHCOM OOD STUBLA M VESELIN BELYOV ET DIANA 11 EOOD KANELA - MED OOD KRASENECA - M MIHALEV ET ILIYA ATANASOV ATANASOV DONI M OOD STAMAGE EOOD BLACK SEA FEED AD TITAN 48 EOOD DIKSI DR OOD BRATYA PILEVI OOD V I P-111 EOOD INA 2012 OOD ASTERA - M OOD HLEBOZAVOD GABROVO OOD PRIMA MV OOD CHERVENATA STRELA - MARGARITA ET DOBRIYANA ANGELOVA - MAGI TOTOMANOVA ET ZHIKA FOODS EOOD MESLUX EOOD AGROPLANT EOOD BOBI BOZHANKA PEYCHEVA ET ELVI OOD HRIZANTEMA YU S I YULIAN ILIEV ET BIO PEK EOOD KETCHUP - FRUKT 99 AD BAKE OOD KAROV 63 OOD AGROBIOTEH PROIZVODSTVO EAD LAKASTA EOOD ASEL -M EOOD VOOR-09 OOD PRO BAKERY ART OOD LYUBIMKA OOD BIOPEK 2 OOD DENCH HRISTOV-2013 EOOD DJAV EOOD STRANDZHA SIS RADKA STOYKOVA ET KRESSONA OOD MILICA LAZAROVA - 90 ET BALKAM AD RODINA - AGRO EOOD ZLATNO PILE-MONTANA EAD DA BEYKARS EOOD ET KONTRAKT - NIKOLAY GADZHEV MILKKOMM OOD HEALTHY OILS EOOD DENIMI 2007 OOD ET TSVETAN YOSHEV ES I DZHI TREYD EOOD TANYA FINDRINA ET ET YURKIE MAHMUD KRASI - 76 GK EOOD AGRI BULGARIA EOOD ZAGORE KOMERS BG EOOD KRASTILOV OOD TORTIKO EOOD ET VENINI - VESELKA MITREVA YAYTSA I PTITSI AD AGI-3 EOOD BIJOU-G OOD NUTRIKOZMETIKS OOD ET IVANKA ZHELYAZKOVA-SA.MI.EM LILIA - 86 OOD REGION FRUIT OOD BABOV EOOD DEMETRA LAV OOD FEYA - NIYAZI CHANAK ET POLI 1975 EOOD DEO 89 EOOD VALDI GRUP - M EOOD ET STEND 60 - AHMED MEHMEDOV MAGI N GEORGITSA GEORGIEVA ET BORISLAVA KOMERS 2012 EOOD PETROV SARBINOV OOD NOVA ZORA 2015 EOOD KORTENSKI MLECHNI PRODUKTI EOOD VIVA VALCHO VALCHEV ET NIKONA DELI - A EOOD SWEET HOUSE DJIL EOOD ELEONORA 44 EOOD ORGANIC FOOD EOOD RICH END SMART 92 EOOD 37 SeeNews Industry Report

CADELCO OOD BOGATI 09 OOD DYULGERING OOD HARDMAN EOOD SATUTN 13 EOOD SLANCHO AD NANSI M 71 EOOD APOLO 35 EOOD CHEZ FEFE EOOD EDODI - EU EOOD ET SLADKAR - ANI - ANGELINKA PEEVA HLEBOTON EOOD GERI GERGANA KALVACHEVA ET I - EM - 03 EOOD NISA FOODS EOOD FEBKORS EOOD 96 AGROGRUP OOD MEGI 2009 EOOD MILEN MANOLOV - 15 EOOD NDK KAMPANI 65 EOOD CHONKOV HRISTO ATANASOV VESKA ILEGRA EOOD KATERINI 88 OOD DZHI TI ES GRUP OOD NIKIFOROVA ET RILA MEL 2018 EOOD KRASIMIR MIREV ET TEIKA - EOOD KATERINA KOSTADINOVA72 EOOD YORDANKA PETROVA-MIRA91 ET MEL KOREKT EOOD KONSERVINVEST OOD ZOYKA NIKOLOVA ET SKITNIK OOD TERATONS OOD KLIENTI EOOD MICHEL - 2013 EOOD ILEN 2014 EOOD MERTS DIMITAR ATANASOV ET VENETSIANA VIP EOOD SHUMEN-EVROPA EOOD K AND G EOOD MEGA TREYDING NRG OOD BALKAN - 2015 EOOD BEST 92 EOOD GENOV MES EOOD CHAYKA 90 YUNAL AHMEDOV ET ET DIMITAR PETKOV - VALDIRENE MELEK 2012 EOOD RIVAL INVEST EOOD NISA PROPERTIES EOOD ET IMANSON - MARA DELCHEVA NINAGRAM EOOD BILTRANS VELEV EOOD DZHODI - 2015 OOD KRONOS OOD ET ZHIVKA MIHALKOVA - ANZHELIKA SIMIDITE EOOD BONBONA EOOD HRANSERVICEENGINEERING AD EKOTEST EOOD AFRODITA D J OOD MESIKA OOD NARA OOD BALKAN M.D. OOD NATURA VITA EOOD PHIL SWEETS OOD ET ANI - YANKA BRUSEVA EMERES OOD BALCKO AGRO PRODUCT EOOD ALBISTA OOD DAGON - FISH EOOD BULTES OOD BIOEX OOD ANTIK 2012 EOOD ET RADOST - PETAR MITEV MITEV SNEP GRUP OOD FZ VASIL KOSTOV OOD GALAXY PRO EOOD MIG 6 OOD PE NI EL 1 EOOD ET ZINIK-ZDRAVKA IVANOVA DTK OOD ET MIROSLAV DRENCHEV - MIRO FRESH SIKRETS EOOD NYU FUDS AD GROS - GROZDAN GROZDANOV ET MILAN 03 EOOD METAFUUDS EOOD EVRODELIKATES EOOD OUSHAN PIK OOD VERDEX EOOD ET RESMI KOMERS - RESMI YUSEIN VALENTIN VASILEV VILON ET RAMAS OOD ALIBABA - ALI EREDZHEP ET MEL EOOD ADRI - 1408 EOOD KALIFORNIA VASIL MISHEV ET MAK RADKA SHTILIANOVA ET SONI A 22 EOOD SOFITO BULGARIA OOD ARTEKS GYULSER BEYTULA ET HIP COMMERS 1 EOOD STEFANI 98 PETYO ALDIMIROV ET UNCLE STATIS EOOD KADIEVI - 90 OOD IVMAR BAKERY EOOD INFINITO-999 EOOD VANILLA KITCHEN OOD HARI AGROGRUP OOD VALENTIN MINEV 2003 EOOD TOSKOV EOOD RUMDO - 73 OOD NV HERBAL CARE EOOD MILENIUM-VV EOOD HAMELEON EOOD MONRI EOOD ZAHARA FUUDS EOOD MUSTAN 2 OOD DOBRUDZHA - 7 OOD LACTOCOM EOOD CHOKO WAVE OOD PERLA 04 OOD HEALTHY BARS OOD RIK 98 KOOP HLEBORAMA OOD VERDURA YORDAN PETROV ET MAK FOOD EOOD BENI EM EOOD VEKIR - RADKA BELEJKOVA ET VIV-94 EOOD ET VASILKA BELOPERKINSKA-37 ZHAR 44 EOOD ELVESTA 69 EOOD DIMES - DIMITAR PASKALEV ET RODOPA 2005 EOOD KLAS - A END CO EOOD MK FERA VITA EOOD GENEX FOOD EOOD BARK OOD ARKTUR GRUP 1 EOOD TER M OOD ET PASKAL - ANTONIO ATANASOV MISHA KIDS EOOD ET INTERMENYU 65-M - MALINA PALIKAROVA CHOPI-GARANT EOOD DRB AD FROST BG EOOD MEDINA - KRASIMIR VELKOV ET BLAGAYATRAPEZA OOD PRO-FOOD EOOD BORIS YORDANOV 2009 OOD PARADIZO BULGARIA EOOD DVETE FUKLI OOD SEVEROIZTOCHNA MLECHNA KOMPANIA EOOD V GYUROV & CO EOOD GLOBAL AGRO SEVER EOOD PANOV 95 SPAS PANOV ET AKTUAL OOD SANI KM17 EOOD LILIA FILDOSKOVA ET BIS TRADE BULGARIA EOOD ET SVETLANA - SVETLA MITEVA TITA CAKES EOOD ZEMIRA - 17 EOOD KAMIDI EOOD ILIKEYK OOD SHIRIN - 05 EOOD IRINA ANGELOVA ET SANTA FE BG EOOD FURNA ZVEZDICA OOD ROSNA CITCA OOD KARAILEVI I SADRUZHIE SD BOREL KN EOOD ET MAYA FILIPOVA - 13 DARA M 2018 OOD GREEN DOT EOOD ORHANIE KOMERS EOOD YORDAN KOSTADINOV USTREM ELENA FLOUR CRAFT OOD BI EM PI 202 EOOD KOSTADINOVA ET PRIMA - TT EOOD NADEZHDA BRATYA GARKOVI OOD PLESNEVI EOOD DIKMONT OOD ET SHENER - YUKSEL SEID MARINOV 92 MARIN MARINOV ET DEKOVIS OOD RESMI KOMERS EOOD NIKE - HRISTINA SEMOVA ET KRASI-04 EOOD NERA - NEDZHIB RASHID ET FAUSTINA GROUP EOOD MIMOZA - STEFANI EOOD KOOPERATSIA MEGAKOL KOOP IDEAL PRODUCT OOD SINEVA 7 EOOD PRI VANYA EOOD BAI BISER EOOD TESARA A OOD VALEYANI EOOD SAVADA OOD DESSY CAKE EOOD SVETLANA 3B EOOD STEFIL''66 EOOD AGNIPEL EOOD MAKS 16 OOD PROLET 22 EOOD RUSHI SHANS-GALI 1 EOOD AS & FORI OOD ET BUROK - AKIF MEYSUDOV 38 SeeNews Industry Report

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