Industry Report Manufacture of food products 2017 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 2017 2016 2015 The Manufacture of food products industry in Bulgaria was MANUFACTURE OF BREAD; MANUFACTURE OF 2,878 2,929 2,862 represented by 5,445 companies at the end of 2017, FRESH PASTRY GOODS AND CAKES compared to 5,501 in the previous year and 5,394 in 2015. MANUFACTURE OF OTHER FOOD PRODUCTS 443 421 401 N.E.C. The industry's net profit amounted to BGN 431,758,000 in OTHER PROCESSING AND PRESERVING OF 354 346 339 2017. FRUIT AND VEGETABLES OPERATION OF DAIRIES AND CHEESE MAKING 279 278 275 The industry's total revenue was BGN 10,107,142,000 in PRODUCTION OF MEAT AND POULTRY MEAT 213 226 219 PRODUCTS 2017, up by 5.00% compared to the previous year. PROCESSING AND PRESERVING OF MEAT 184 186 182

MANUFACTURE OF COCOA, CHOCOLATE AND 173 164 156 The combined costs of the companies in the Manufacture SUGAR CONFECTIONERY of food products industry reached BGN 9,620,546,000 in MANUFACTURE OF RUSKS AND BISCUITS; 150 164 165 2017, up by 5.48% year-on-year. MANUFACTURE OF PRESERVED PASTRY GOODS AND CAKES The industry's total revenue makes up 10.53% to the MANUFACTURE OF GRAIN MILL PRODUCTS 113 123 126 country's Gross domestic product (GDP) in 2017, compared PROCESSING AND PRESERVING OF POULTRY 99 101 100 to 10.38% for 2016 and 9.87% in 2015. MEAT MANUFACTURE OF PREPARED FEEDS FOR 91 95 98 A total of 74,067 people were employed in the Manufacture FARM ANIMALS of food products industry in 2017, compared to 75,588 in MANUFACTURE OF PREPARED MEALS AND 78 75 73 DISHES 2016 and 79,725 in 2015. MANUFACTURE OF OILS AND FATS 72 73 86

MANUFACTURE OF CONDIMENTS AND 53 54 56 Most of the companies in the industry are based in Sofia, SEASONINGS followed by Plovdiv and Varna. PROCESSING AND PRESERVING OF FISH, 47 51 44 CRUSTACEANS AND MOLLUSCS PROCESSING OF TEA AND COFFEE 45 42 44 II. INTRODUCTION MANUFACTURE OF ICE CREAM 45 44 42 MANUFACTURE OF FRUIT AND VEGETABLE 29 31 31 JUICE In 2017 the companies in the Manufacture of food products MANUFACTURE OF MACARONI, NOODLES, 25 31 32 industry numbered 5,445, distributed in 25 sectors. COUSCOUS AND SIMILAR FARINACEOUS PRODUCTS PROCESSING AND PRESERVING OF POTATOES 23 21 18 MANUFACTURE OF HOMOGENISED FOOD 22 20 17 INDUSTRY STRUCTURE BY SECTORS AND NUMBER OF COMPANIES PREPARATIONS AND DIETETIC FOOD 443 MANUFACTURE OF PREPARED PET FOODS 21 16 17 MANUFACTURE OF MARGARINE AND SIMILAR 3 4 4 1,278 EDIBLE FATS 354 MANUFACTURE OF STARCHES AND STARCH 3 4 5 PRODUCTS MANUFACTURE OF SUGAR 2 2 2 279

213 III. REVENUES

The total revenue in the industry was BGN 10,107,142,000 in 2017, BGN 9,625,596,000 in 2016 and 8,820,905,000 in 2015.

2,878

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 2016 there were a total of 5,501 companies operating in the industry. In 2015 their number totalled 5,394.

2 SeeNews Industry Report

country in 2016. In 2015 the GVA of the Manufacture of food Total revenue products was BGN 7,452,940,000, or 4.82% of the GVA for Net sales revenue the country's economy. 11,000,000,000 10,107,142,000 GVA BY SECTORS 10,000,000,000 9,625,596,000 RANK SECTOR BGN SHARE OF THE COUNTRY'S 8,820,905,000 GVA (%) 9,000,000,000 9,504,157,000 1 PRODUCTION OF MEAT AND POULTRY MEAT 850,041,000 0.50 8,921,091,000 8,000,000,000 PRODUCTS 8,178,042,000 2 MANUFACTURE OF BREAD; MANUFACTURE 838,011,000 0.49 7,000,000,000 OF FRESH PASTRY GOODS AND CAKES 3 MANUFACTURE OF OILS AND FATS 820,534,000 0.48 6,000,000,000 4 OPERATION OF DAIRIES AND CHEESE 809,815,000 0.48 MAKING

BGN 5,000,000,000 5 OTHER PROCESSING AND PRESERVING OF 751,593,000 0.44

4,000,000,000 FRUIT AND VEGETABLES 6 PROCESSING AND PRESERVING OF MEAT 731,933,000 0.43 3,000,000,000 7 PROCESSING AND PRESERVING OF POULTRY 721,322,000 0.42 MEAT 2,000,000,000 8 MANUFACTURE OF STARCHES AND STARCH 583,246,000 0.34 PRODUCTS 1,000,000,000 9 MANUFACTURE OF OTHER FOOD PRODUCTS 384,178,000 0.23

0 N.E.C. 2015 2016 2017 10 MANUFACTURE OF GRAIN MILL PRODUCTS 377,007,000 0.22 11 MANUFACTURE OF PREPARED FEEDS FOR 375,138,000 0.22 FARM ANIMALS The companies in the Manufacture of food products market 12 MANUFACTURE OF RUSKS AND BISCUITS; 339,175,000 0.20 of Bulgaria earned combined net sales revenues of BGN MANUFACTURE OF PRESERVED PASTRY GOODS AND CAKES 9,504,157,000 in 2017. 13 MANUFACTURE OF COCOA, CHOCOLATE 300,643,000 0.18 AND SUGAR CONFECTIONERY In annual terms, sales marked an increase of 6.54% compared 14 PROCESSING AND PRESERVING OF FISH, 138,348,000 0.08 to 2016. In comparison to 2015 they went up by 16.22%. In CRUSTACEANS AND MOLLUSCS 2016 sales grew by 9.09% year-on-year. 15 PROCESSING OF TEA AND COFFEE 101,111,000 0.06 16 MANUFACTURE OF ICE CREAM 92,339,000 0.05 The Manufacture of food products industry total revenue 17 MANUFACTURE OF PREPARED MEALS AND 74,639,000 0.04 make up 10.53% to the country's GDP in 2017, compared to DISHES 10.38% for 2016 and 9.87% in 2015. 18 MANUFACTURE OF CONDIMENTS AND 69,268,000 0.04 SEASONINGS 19 MANUFACTURE OF PREPARED PET FOODS 59,097,000 0.04 Share in GDP 20 MANUFACTURE OF FRUIT AND VEGETABLE 48,773,000 0.03 11 10.38% 10.53% JUICE 9.87% 21 MANUFACTURE OF SUGAR 34,971,000 0.02 10 22 MANUFACTURE OF HOMOGENISED FOOD 17,824,000 0.01 PREPARATIONS AND DIETETIC FOOD 9 23 MANUFACTURE OF MARGARINE AND 14,913,000 0.01 SIMILAR EDIBLE FATS 8 24 PROCESSING AND PRESERVING OF 14,006,000 0.01 POTATOES 7 25 MANUFACTURE OF MACARONI, NOODLES, 8,814,000 0.01 COUSCOUS AND SIMILAR FARINACEOUS 6 PRODUCTS

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 7.04% in 2018. 2

1 NET SALES REVENUE BY SECTORS RANK SECTOR NET SALES REVENUE (BGN) 0 1 MANUFACTURE OF OILS AND FATS 1,107,957,000 2015 2016 2017 2 MANUFACTURE OF BREAD; MANUFACTURE OF FRESH 898,928,000 PASTRY GOODS AND CAKES

3 PRODUCTION OF MEAT AND POULTRY MEAT 898,595,000 In 2017 the Manufacture of food products industry PRODUCTS contributed to GDP BGN 8,556,739,000 in Gross value added 4 OPERATION OF DAIRIES AND CHEESE MAKING 826,033,000 (GVA) accounting for 5.03% of the total for the country's 5 PROCESSING AND PRESERVING OF MEAT 786,422,000 economy. 6 OTHER PROCESSING AND PRESERVING OF FRUIT AND 782,502,000 VEGETABLES In the previous year, the industry's GVA amounted BGN 7 PROCESSING AND PRESERVING OF POULTRY MEAT 773,403,000 7,990,492,000, accounting for 5.24% of the total for the 3 SeeNews Industry Report

8 MANUFACTURE OF STARCHES AND STARCH 598,686,000 PRODUCTS TOP COMPANIES' REVENUE BY SECTORS 9 MANUFACTURE OF PREPARED FEEDS FOR FARM 515,998,000 SEGMENT COMPANY TOTAL REVENUE NET SALES ANIMALS (BGN) REVENUE (BGN) 10 MANUFACTURE OF OTHER FOOD PRODUCTS N.E.C. 414,737,000 MANUFACTURE OF HOMOGENISED FOOD PREPARATIONS AND DIETETIC FOOD 11 MANUFACTURE OF GRAIN MILL PRODUCTS 413,418,000 GANCHEV EOOD 8,753,000 8,404,000 12 MANUFACTURE OF COCOA, CHOCOLATE AND SUGAR 388,473,000 SLANCHO AD 4,916,000 4,844,000 CONFECTIONERY VIVETA OOD 3,932,000 3,921,000 13 MANUFACTURE OF RUSKS AND BISCUITS; 350,331,000 MANUFACTURE OF PREPARED MEALS AND DISHES MANUFACTURE OF PRESERVED PASTRY GOODS AND TALAR FOODS EOOD 17,555,000 17,340,000 CAKES FIESTA 13 OOD 16,060,000 14,853,000 14 PROCESSING AND PRESERVING OF FISH, 142,261,000 CRUSTACEANS AND MOLLUSCS DENITO OOD 9,257,000 9,077,000 15 PROCESSING OF TEA AND COFFEE 116,067,000 MANUFACTURE OF CONDIMENTS AND SEASONINGS 16 MANUFACTURE OF ICE CREAM 100,816,000 KONSUL OOD 18,219,000 17,416,000 17 MANUFACTURE OF PREPARED MEALS AND DISHES 84,298,000 GERMAN BULGARIAN BUSINESS GROUP 14,491,000 13,789,000 OOD 18 MANUFACTURE OF CONDIMENTS AND SEASONINGS 75,909,000 MERKURIY PROIZVODSTVO I PAKETAZH AD 5,888,000 5,852,000 19 MANUFACTURE OF PREPARED PET FOODS 62,072,000 PROCESSING OF TEA AND COFFEE 20 MANUFACTURE OF SUGAR 49,509,000 BALKAM GROUP OOD 50,542,000 42,901,000 21 MANUFACTURE OF FRUIT AND VEGETABLE JUICE 47,350,000 BIANCHI COFFEE EOOD 21,910,000 21,178,000 22 MANUFACTURE OF HOMOGENISED FOOD 22,653,000 PREPARATIONS AND DIETETIC FOOD BIOPROGRAMME EAD 11,695,000 11,401,000 23 PROCESSING AND PRESERVING OF POTATOES 22,223,000 MANUFACTURE OF COCOA, CHOCOLATE AND SUGAR CONFECTIONERY 24 MANUFACTURE OF MARGARINE AND SIMILAR EDIBLE 16,769,000 NESTLE BULGARIA AD 265,677,000 260,007,000 FATS MONDELEZ BULGARIA PRODUCTION EOOD 21,898,000 21,898,000 25 MANUFACTURE OF MACARONI, NOODLES, 8,747,000 INTERION AD 14,550,000 14,020,000 COUSCOUS AND SIMILAR FARINACEOUS PRODUCTS MANUFACTURE OF SUGAR ZAHAR EAD 50,110,000 49,509,000 BALGARSKA ZAHAR AD 51,000 0 MANUFACTURE OF OTHER FOOD PRODUCTS N.E.C. CREMIO EAD 49,965,000 49,005,000 INDUSTRY'S NET SALES REVENUE STRUCTURE BY SECTORS 9.45% KENDY OOD 43,442,000 42,517,000 8.69% APIMEL ORGANIC OOD 30,042,000 25,024,000 OPERATION OF DAIRIES AND CHEESE MAKING 9.46% UNITED MILK COMPANY EAD 81,844,000 80,859,000 TYRBUL EAD 71,741,000 62,643,000 11.66% DIMITAR MADJAROV 2 EOOD 51,124,000 48,779,000 MANUFACTURE OF ICE CREAM 8.27% FRONERI BULGARIA EOOD 44,330,000 44,330,000 IZIDA OOD 13,247,000 12,605,000 SLADOLEDENA FABRIKA EOOD 12,074,000 11,619,000 MANUFACTURE OF RUSKS AND BISCUITS; MANUFACTURE OF PRESERVED PASTRY GOODS AND CAKES PRESTIGE-96 AD 74,723,000 73,753,000 ZIV EOOD 63,057,000 62,437,000 ITAL FOOD EAD 42,148,000 41,400,000 MANUFACTURE OF MACARONI, NOODLES, COUSCOUS AND SIMILAR FARINACEOUS PRODUCTS VAS EOOD 2,182,000 1,987,000 52.46% SIDI - 92 EOOD 1,983,000 1,865,000 Manufacture of oils and fats UNI EXPORT-IMPORT EOOD 1,387,000 1,372,000 Manufacture of bread; manufacture of fresh pastry goods and cakes MANUFACTURE OF BREAD; MANUFACTURE OF FRESH PASTRY GOODS AND CAKES Production of meat and poultry meat products CHIPITA BULGARIA AD 175,336,000 168,773,000

Operation of dairies and cheese making SIMID SOFIA OOD 49,675,000 48,167,000 Processing and preserving of meat SIMID AGRO EOOD 43,272,000 41,816,000 OTHER PROCESSING AND PRESERVING OF FRUIT AND VEGETABLES Others NIK-SOT GROUP EOOD 48,654,000 44,061,000 The highest growth, of 86.40%, was recorded by Manufacture AGRI BULGARIA EOOD 47,878,000 45,438,000 of homogenised food preparations and dietetic food, while KUMINIANO FRUIT OOD 47,181,000 42,638,000 Manufacture of macaroni, noodles, couscous and similar MANUFACTURE OF FRUIT AND VEGETABLE JUICE farinaceous products registered the sharpest decline, of PHILICON 97 AD 29,068,000 25,849,000 31.12%. BEST FRUITS EOOD 11,944,000 9,438,000 KRICHIMFRUKT OOD 7,270,000 6,441,000 PROCESSING AND PRESERVING OF POTATOES BULKARTO EOOD 12,946,000 12,883,000 VASILEV & TODOROV OOD 6,921,000 6,890,000 ZAIRA-Z Z EOOD 552,000 531,000

4 SeeNews Industry Report

PROCESSING AND PRESERVING OF MEAT market made up BGN 1,890,351,000, or 19.89% of the total MESOKOMBINAT LOVECH AD 150,793,000 145,331,000 net sales revenue. MESOKOMBINAT RUSE AD 73,582,000 70,756,000 MULTIMES GROUP OOD 48,665,000 45,529,000 TOP 10 BY TOTAL ASSETS IN THE INDUSTRY PROCESSING AND PRESERVING OF POULTRY MEAT RANK COMPANY BGN 1 AMYLUM BULGARIA EAD 367,843,000 PILCO EOOD 239,033,000 234,521,000 2 BELLA BULGARIA AD 294,118,000 GRADUS 1 EOOD 103,789,000 71,824,000 3 OLIVA AD 251,442,000 BREZOVO AD 37,146,000 34,530,000 4 ZAHAREN KOMBINAT PLOVDIV AD 250,702,000 PRODUCTION OF MEAT AND POULTRY MEAT PRODUCTS 5 NESTLE BULGARIA AD 116,596,000 BELLA BULGARIA AD 209,382,000 187,449,000 6 TOPAZ MEL OOD 105,066,000 KEN AD 54,316,000 53,889,000 7 GRADUS 1 EOOD 103,526,000 DELIKATES 2 OOD 41,609,000 41,509,000 8 MARITZA OLIO AD 98,257,000 MANUFACTURE OF PREPARED FEEDS FOR FARM ANIMALS 9 CHIPITA BULGARIA AD 92,378,000 GRADUS-3 AD 128,988,000 127,177,000 10 KOOPERACIJA SIMID 1000 KOOP. 85,958,000 VIAND EAD 73,956,000 72,882,000 FURAJ ROSITSA EAD 70,876,000 70,875,000 MANUFACTURE OF PREPARED PET FOODS TOP 10 COMPANIES WITH HIGHEST ANNUAL GROWTH IN BON EOOD 29,034,000 26,666,000 OPERATING REVENUE IN MANUFACTURE OF FOOD PRODUCTS FURAJNI HRANY OOD 14,446,000 14,437,000 RANK COMPANY Y/Y GROWTH ILTEX EOOD 10,598,000 10,289,000 1 AKVAPRO LOGISTIK EOOD 155850.00% MANUFACTURE OF MARGARINE AND SIMILAR EDIBLE FATS 2 GRETA 3000 EOOD 94900.00% PETTAS BULGARIA AD 15,899,000 15,327,000 3 TEAM WORKERS EOOD 39340.00% MILPACK - 2013 OOD 905,000 862,000 4 SIS INVEST BULGARIA OOD 24100.00% DIMITRA EOOD 660,000 580,000 5 PLAM ADE EOOD 19600.00% MANUFACTURE OF OILS AND FATS 6 AGRIFLOR PROTEKT OOD 19200.00% OLIVA AD 425,405,000 419,333,000 7 ORION INVEST OOD 18435.09% SUN FOODS EOOD 126,395,000 125,805,000 8 BIEN MANGER OOD 16952.17% ROSA AD 98,470,000 96,957,000 9 CONFIDENCE EOOD 12091.67% PROCESSING AND PRESERVING OF FISH, CRUSTACEANS AND MOLLUSCS 10 FLY FISH EOOD 8250.00% ALMAR SEAFOOD AD 19,827,000 19,545,000 NEREY 33 EOOD 12,066,000 12,065,000 SEVER EXPORT OOD 11,931,000 11,549,000 TOP 10 COMPANIES BY TOTAL REVENUE IN THE FIELD MANUFACTURE OF GRAIN MILL PRODUCTS MANUFACTURE OF HOMOGENISED FOOD PREPARATIONS AND TOPAZ MEL OOD 78,137,000 73,526,000 DIETETIC FOOD WERE: GOODMILLS BULGARIA EOOD 74,667,000 74,362,000 COMPANY BGN KOOPERACIJA SIMID 1000 KOOP. 52,309,000 32,290,000 GANCHEV EOOD 8,753,000 MANUFACTURE OF STARCHES AND STARCH PRODUCTS SLANCHO AD 4,916,000 AMYLUM BULGARIA EAD 602,056,000 598,661,000 VIVETA OOD 3,932,000 REID KAMPANI OOD 14,000 14,000 VERNADA EOOD 2,847,000 MEMO - MESUT ALIOSMANOV ET 11,000 11,000 ILEA - M EOOD 2,216,000 SLIMFUUD OOD 597,000 V I M PRODUCTION OOD 138,000 The top 10 companies in terms of total revenue in BIONIA EOOD 81,000 Manufacture of food products accounted for 24.01% of the SKARPA EOOD 78,000 industry's total in 2017, 25.28% in 2016 and 21.54% in 2015. HAPPY BEBE EOOD 61,000

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 602,056,000 598,661,000 food earned total revenue of BGN 23,619,000 and accounted 2 OLIVA AD 425,405,000 419,333,000 for 0.23% of the industry's total revenue. 3 NESTLE BULGARIA AD 265,677,000 260,007,000 TOP 10 COMPANIES BY TOTAL REVENUE IN THE FIELD 4 PILCO EOOD 239,033,000 234,521,000 MANUFACTURE OF PREPARED MEALS AND DISHES WERE: 5 BELLA BULGARIA AD 209,382,000 187,449,000 COMPANY BGN 6 CHIPITA BULGARIA AD 175,336,000 168,773,000 TALAR FOODS EOOD 17,555,000 7 MESOKOMBINAT LOVECH AD 150,793,000 145,331,000 FIESTA 13 OOD 16,060,000 8 GRADUS-3 AD 128,988,000 127,177,000 DENITO OOD 9,257,000 9 SUN FOODS EOOD 126,395,000 125,805,000 VESELINA TRADE EOOD 8,896,000 10 GRADUS 1 EOOD 103,789,000 71,824,000 MASTAR-PIK EAD 7,117,000 HLYAB I HLEBNI IZDELIYA EOOD 4,405,000 AMEVA EUROPE AD 2,331,000 The total revenues of the top 10 companies in the MESOMANIA TREYD EOOD 1,887,000 Manufacture of food products were 2.53% of GDP in 2017, compared to 2.62% for 2016 and 2.13% in 2015.

The top 10 by assets in the Manufacture of food products 5 SeeNews Industry Report

Manufacture of cocoa, chocolate and sugar confectionery BURGER GROUP EOOD 1,575,000 earned total revenue of BGN 353,634,000 and accounted for FLORIMONT EOOD 1,342,000 3.50% of the industry's total revenue.

TOP COMPANIES BY TOTAL REVENUE IN THE INDUSTRY The 10 largest companies in terms of total revenue in sector MANUFACTURE OF SUGAR WERE: Manufacture of prepared meals and dishes earned total COMPANY BGN revenue of BGN 70,425,000 and accounted for 0.70% of the ZAHAR EAD 50,110,000 industry's total revenue. BALGARSKA ZAHAR AD 51,000

TOP 10 COMPANIES BY TOTAL REVENUE IN THE INDUSTRY MANUFACTURE OF CONDIMENTS AND SEASONINGS WERE: The largest companies in terms of total revenue in sector COMPANY BGN Manufacture of sugar earned total revenue of BGN KONSUL OOD 18,219,000 50,161,000 and accounted for 0.50% of the industry's total GERMAN BULGARIAN BUSINESS GROUP OOD 14,491,000 revenue. MERKURIY PROIZVODSTVO I PAKETAZH AD 5,888,000 ALEKS S 2002 EOOD 4,670,000 TOP 10 COMPANIES BY TOTAL REVENUE IN THE SECTOR VEDA OOD 4,182,000 MANUFACTURE OF OTHER FOOD PRODUCTS N.E.C. WERE: COMPANY BGN PI AY 1 EOOD 3,167,000 CREMIO EAD 49,965,000 SALEX GROUP OOD 2,755,000 KENDY OOD 43,442,000 KODAG EOOD 2,722,000 APIMEL ORGANIC OOD 30,042,000 RUMYIANA BOGDANOVA EOOD 2,096,000 KORONA M EOOD 29,102,000 SHIDEROV EOOD 1,826,000 PURATOS BULGARIA AD 22,322,000

ELIT P EOOD 16,582,000

The 10 largest companies in terms of total revenue in sector BIOSET OOD 16,162,000 Manufacture of condiments and seasonings earned total SI KO OOD 13,881,000 revenue of BGN 60,016,000 and accounted for 0.59% of the FORTEX NUTRASUTICALS OOD 11,569,000 industry's total revenue. JGV BULGARIA OOD 10,717,000

TOP 10 COMPANIES BY TOTAL REVENUE IN THE MARKET PROCESSING OF TEA AND COFFEE WERE: The 10 largest companies in terms of total revenue in sector COMPANY BGN Manufacture of other food products n.e.c. earned total BALKAM GROUP OOD 50,542,000 revenue of BGN 243,784,000 and accounted for 2.41% of the BIANCHI COFFEE EOOD 21,910,000 industry's total revenue. BIOPROGRAMME EAD 11,695,000 JACOBS DOUWE EGBERTS OPS BG EOOD 5,428,000 TOP 10 COMPANIES BY TOTAL REVENUE IN THE FIELD OPERATION JORDANI EOOD 4,514,000 OF DAIRIES AND CHEESE MAKING WERE: COMPANY BGN AGRO - OIL EOOD 3,958,000 UNITED MILK COMPANY EAD 81,844,000 LINEX EOOD 3,374,000 TYRBUL EAD 71,741,000 JULLY EXPRESS EOOD 3,324,000 DIMITAR MADJAROV 2 EOOD 51,124,000 FOBOS EOOD 2,936,000 SCHREIBER FOODS BULGARIA EOOD 47,190,000 VIVA A & M OOD 2,443,000 MEGGLE BULGARIA EOOD 30,979,000

B.S.S. 1997 OOD 29,589,000

The 10 largest companies in terms of total revenue in sector ELVI OOD 27,325,000 Processing of tea and coffee earned total revenue of BGN MAKLER COMMERCE EOOD 24,418,000 110,124,000 and accounted for 1.09% of the industry's total MJ DAIRIES EOOD 21,291,000 revenue. POLIDEY - 2 OOD 21,107,000

TOP 10 COMPANIES BY TOTAL REVENUE IN THE MARKET MANUFACTURE OF COCOA, CHOCOLATE AND SUGAR The 10 largest companies in terms of total revenue in sector CONFECTIONERY WERE: Operation of dairies and cheese making earned total revenue COMPANY BGN of BGN 406,608,000 and accounted for 4.02% of the NESTLE BULGARIA AD 265,677,000 industry's total revenue. MONDELEZ BULGARIA PRODUCTION EOOD 21,898,000 INTERION AD 14,550,000 TOP 10 COMPANIES BY TOTAL REVENUE IN THE MARKET MELBON AD 12,613,000 MANUFACTURE OF ICE CREAM WERE: COMPANY BGN ZAHAREN KOMBINAT PLOVDIV AD 9,486,000 FRONERI BULGARIA EOOD 44,330,000 CHOCO TEAM OOD 8,657,000 IZIDA OOD 13,247,000 VALE 1 OOD 8,316,000 SLADOLEDENA FABRIKA EOOD 12,074,000 VIP SIMERS GROUP OOD 4,717,000 DARKO EAD 8,682,000 ILCHOVSKI 94 EOOD 3,918,000 GELATO 2009 EOOD 7,428,000 DARIMEX 98 EOOD 3,802,000 CHICHO CHARLI EOOD 4,802,000

KARIL & TANYA AD 4,778,000 The 10 largest companies in terms of total revenue in sector CORTE DILETTO EOOD 3,178,000

6 SeeNews Industry Report

MEDINA EOOD 2,311,000 HLEBNA PROMISHLENOST AD 12,726,000 JIMMY S ICE CREAM EOOD 1,455,000 ELIAZ OOD 12,221,000

The 10 largest companies in terms of total revenue in sector The 10 largest companies in terms of total revenue in sector Manufacture of ice cream earned total revenue of BGN Manufacture of bread; manufacture of fresh pastry goods and 102,285,000 and accounted for 1.01% of the industry's total cakes earned total revenue of BGN 379,794,000 and revenue. accounted for 3.76% of the industry's total revenue.

TOP 10 COMPANIES BY TOTAL REVENUE IN THE SECTOR 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 74,723,000 NIK-SOT GROUP EOOD 48,654,000 ZIV EOOD 63,057,000 AGRI BULGARIA EOOD 47,878,000 ITAL FOOD EAD 42,148,000 KUMINIANO FRUIT OOD 47,181,000 DAY AND NIGHT OOD 30,580,000 OLINESA PREMIUM OOD 35,970,000 POBEDA AD 25,968,000 VICTORIA NUTS EOOD 28,576,000 SI COMMERCIAL 7 EOOD 18,099,000 FRUCTO SLIVEN AD 28,082,000 KARMELA 2000 OOD 14,653,000 SUNOPTA FOODS BULGARIA EOOD 22,194,000 VELIKOVI OOD 9,704,000 EUROPACK EOOD 20,789,000 HELY 2001 EOOD 8,217,000 DEKADENS DIMITAR SHISHKOV ET 20,753,000 LOZEV EOOD 7,270,000 KERPI EOOD 18,265,000

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 318,342,000 and accounted for 294,419,000 and accounted for 2.91% of the industry's total 3.15% of the industry's total revenue. revenue. TOP 10 COMPANIES BY TOTAL REVENUE IN THE MARKET TOP 10 COMPANIES BY TOTAL REVENUE IN THE SECTOR MANUFACTURE OF FRUIT AND VEGETABLE JUICE WERE: MANUFACTURE OF MACARONI, NOODLES, COUSCOUS AND COMPANY BGN SIMILAR FARINACEOUS PRODUCTS WERE: PHILICON 97 AD 29,068,000 COMPANY BGN BEST FRUITS EOOD 11,944,000 VAS EOOD 2,182,000 KRICHIMFRUKT OOD 7,270,000 SIDI - 92 EOOD 1,983,000 MARSHAL 91 OOD 1,300,000 UNI EXPORT-IMPORT EOOD 1,387,000 VITANEA OOD 1,092,000 KAVEL INVEST OOD 798,000 SANTULITA OOD 928,000 GALLIA OOD 590,000 BAZ KOMPANI OOD 637,000 SPEKTAR KOMS OOD 492,000 ARONIADA AGRO EOOD 542,000 RAMAS OOD 480,000 EKO MED I KO OOD 397,000 MAKO OOD 266,000 ECO BULSTANDART EOOD 267,000 REGINA KOOP 239,000 GEOBOY 2009 EOOD 200,000 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 53,445,000 and accounted for 0.53% of the industry's Manufacture of macaroni, noodles, couscous and similar total revenue. farinaceous products earned total revenue of BGN 8,617,000 and accounted for 0.09% 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 INDUSTRY COMPANY BGN MANUFACTURE OF BREAD; MANUFACTURE OF FRESH PASTRY BULKARTO EOOD 12,946,000 GOODS AND CAKES WERE: VASILEV & TODOROV OOD 6,921,000 COMPANY BGN ZAIRA-Z Z EOOD 552,000 CHIPITA BULGARIA AD 175,336,000 DANI 5001 EOOD 480,000 SIMID SOFIA OOD 49,675,000 IVKO 2014 EOOD 447,000 SIMID AGRO EOOD 43,272,000 ANNI EOOD 240,000 SAVIMEX OOD 22,728,000 GREEN POINT PRODJECT EOOD 182,000 DOBRUDJANSKI HLIAB AD 18,385,000 ANRO 73 OOD 117,000 MIO OOD 16,771,000 DIRA 2014 EOOD 112,000 SEVI TRADE EOOD 14,585,000 VIV-94 EOOD 87,000 TIMS FOODS EOOD 14,095,000

The 10 largest companies in terms of total revenue in sector 7 SeeNews Industry Report

Processing and preserving of potatoes earned total revenue of BGN 22,084,000 and accounted for 0.22% of the industry's TOP 10 COMPANIES BY TOTAL REVENUE IN THE INDUSTRY total revenue. MANUFACTURE OF PREPARED FEEDS FOR FARM ANIMALS WERE: COMPANY BGN TOP 10 COMPANIES BY TOTAL REVENUE IN THE FIELD GRADUS-3 AD 128,988,000 PROCESSING AND PRESERVING OF MEAT WERE: VIAND EAD 73,956,000 COMPANY BGN FURAJ ROSITSA EAD 70,876,000 MESOKOMBINAT LOVECH AD 150,793,000 BONMIX EOOD 66,661,000 MESOKOMBINAT RUSE AD 73,582,000 TRAKIYSKI FURAZH OOD 20,931,000 MULTIMES GROUP OOD 48,665,000 HL-TOPMIX OOD 20,682,000 TANDEM POPOVO OOD 21,118,000 FZ VASIL KOSTOV OOD 17,875,000 BORIMES OOD 20,134,000 BIOPRODUCTS - BULGARIA EOOD 12,814,000 NOVOMES COMMERCE 1 EOOD 17,971,000 VLADINI TRADING EOOD 12,469,000 ECOPRODUCT EOOD 16,698,000 EKO FURAJ OOD 10,607,000 MESOKOMBINAT SVISHTOV OOD 16,249,000 HELIKOM OOD 16,224,000 PIKANT TRADE OOD 15,857,000 The 10 largest companies in terms of total revenue in sector Manufacture of prepared feeds for farm animals earned total revenue of BGN 435,859,000 and accounted for 4.31% of the The 10 largest companies in terms of total revenue in sector industry's total revenue. Processing and preserving of meat earned total revenue of BGN 397,291,000 and accounted for 3.93% of the industry's TOP 10 COMPANIES BY TOTAL REVENUE IN THE SECTOR total revenue. MANUFACTURE OF PREPARED PET FOODS WERE: COMPANY BGN TOP 10 COMPANIES BY TOTAL REVENUE IN THE INDUSTRY BON EOOD 29,034,000 PROCESSING AND PRESERVING OF POULTRY MEAT WERE: FURAJNI HRANY OOD 14,446,000 COMPANY BGN ILTEX EOOD 10,598,000 PILCO EOOD 239,033,000 STAN COMMERCE OOD 6,918,000 GRADUS 1 EOOD 103,789,000 VENDY OOD 1,894,000 BREZOVO AD 37,146,000 AGROMARKET INTERNATIONAL OOD 863,000 HERON TRADE OOD 34,776,000 GIVIS OOD 809,000 SVS 98 EOOD 22,542,000 BULDRAINIM OOD 351,000 PREMIUM FOOD BULGARIA OOD 21,754,000 MAX ANIMAL EOOD 322,000 NEW LIFE 2011 EOOD 20,572,000 SIULEIMANA TRADING OOD 227,000 SEFFORA EOOD 20,506,000 BULGARPLOD SOFIA AD 19,739,000 MAXI CHICKEN OOD 19,490,000 The 10 largest companies in terms of total revenue in sector Manufacture of prepared pet foods earned total revenue of BGN 65,462,000 and accounted for 0.65% of the industry's The 10 largest companies in terms of total revenue in sector total revenue. Processing and preserving of poultry meat earned total revenue of BGN 539,347,000 and accounted for 5.34% of the TOP COMPANIES BY TOTAL REVENUE IN THE SECTOR industry's total revenue. MANUFACTURE OF MARGARINE AND SIMILAR EDIBLE FATS WERE: COMPANY BGN TOP 10 COMPANIES BY TOTAL REVENUE IN THE FIELD PETTAS BULGARIA AD 15,899,000 PRODUCTION OF MEAT AND POULTRY MEAT PRODUCTS WERE: MILPACK - 2013 OOD 905,000 COMPANY BGN DIMITRA EOOD 660,000 BELLA BULGARIA AD 209,382,000 KEN AD 54,316,000 DELIKATES 2 OOD 41,609,000 The largest companies in terms of total revenue in sector CHEH JOSEPH NOVOSAD OOD 33,850,000 Manufacture of margarine and similar edible fats earned total KAROL FERNANDEZ MEAT OOD 31,700,000 revenue of BGN 17,464,000 and accounted for 0.17% of the FINES 2 EOOD 28,573,000 industry's total revenue. ECO MES EOOD 24,206,000 TANDEM V OOD 22,536,000 TOP 10 COMPANIES BY TOTAL REVENUE IN THE MARKET ELIT MES MINEV - RODOPA - V.T. EOOD 22,200,000 MANUFACTURE OF OILS AND FATS WERE: COMPANY BGN LOTOS OOD 21,515,000 OLIVA AD 425,405,000

SUN FOODS EOOD 126,395,000 The 10 largest companies in terms of total revenue in sector ROSA AD 98,470,000 Production of meat and poultry meat products earned total MARITZA OLIO AD 73,191,000 revenue of BGN 489,887,000 and accounted for 4.85% of the KLAS OIL AD 65,910,000 industry's total revenue. BISER OLIVA AD 62,024,000 KEHLIBAR EOOD 50,534,000 GEOSTROY INZHENERING EOOD 50,274,000

8 SeeNews Industry Report

The combined costs of the companies in the Manufacture of OLIMEX OOD 42,848,000 food products industry reached BGN 9,620,546,000 in 2017. FAUSTINA GROUP EOOD 31,224,000

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 10,000,000,000 9,620,546,000 1,026,275,000 and accounted for 10.15% of the industry's 9,120,357,000 9,000,000,000 9,503,142,000 total revenue. 8,370,745,000 8,988,200,000 8,000,000,000 TOP 10 COMPANIES BY TOTAL REVENUE IN THE INDUSTRY 8,227,365,000

PROCESSING AND PRESERVING OF FISH, CRUSTACEANS AND 7,000,000,000 MOLLUSCS WERE: COMPANY BGN 6,000,000,000 ALMAR SEAFOOD AD 19,827,000

NEREY 33 EOOD 12,066,000 5,000,000,000

SEVER EXPORT OOD 11,931,000 BGN DIAVENA OOD 10,016,000 4,000,000,000 ELECTA EOOD 9,808,000 3,000,000,000 FISHCOM OOD 7,515,000

ESETRA COMMERCE EOOD 6,909,000 2,000,000,000 REYA-FISH EOOD 6,685,000 BLACK SEA FISHERIES BURGAS AD 6,175,000 1,000,000,000 SLAVIANKA AD 5,548,000 0 2015 2016 2017 The 10 largest companies in terms of total revenue in sector Processing and preserving of fish, crustaceans and molluscs In annual terms, total expenses rose by 5.48% compared to earned total revenue of BGN 96,480,000 and accounted for 2016 and grew by 14.93% in comparison to 2015. 0.95% of the industry's total revenue. The total operating expenses of the companies in the TOP 10 COMPANIES BY TOTAL REVENUE IN THE SECTOR Manufacture of food products industry were BGN MANUFACTURE OF GRAIN MILL PRODUCTS WERE: 9,503,142,000 in 2017. COMPANY BGN

TOPAZ MEL OOD 78,137,000 Operating costs rose by 5.73% compared with the previous GOODMILLS BULGARIA EOOD 74,667,000 year and went up by 15.51% when compared to 2015. KOOPERACIJA SIMID 1000 KOOP. 52,309,000 PALIRRIA BULGARIA EAD 49,559,000 We expect, based on the trend in the last three years, the total TEHRA EOOD 18,684,000 costs of the Manufacture of food products industry to change SADINA PLANT OOD 17,466,000 at a compound annual growth rate (CAGR) of 7.21% in 2018. MELNITSA SLIVEN - 2003 OOD 13,558,000 COLOR FOODS EOOD 11,803,000 TOTAL COSTS BY SECTORS MELNITSA VARNA 2006 OOD 9,855,000 RANK SECTOR TOTAL COSTS (BGN) AGRINDO EOOD 9,610,000 1 MANUFACTURE OF OILS AND FATS 1,149,769,000 2 PRODUCTION OF MEAT AND POULTRY MEAT 897,134,000 PRODUCTS The 10 largest companies in terms of total revenue in sector 3 OPERATION OF DAIRIES AND CHEESE MAKING 882,354,000 Manufacture of grain mill products earned total revenue of 4 MANUFACTURE OF BREAD; MANUFACTURE OF FRESH 876,673,000 PASTRY GOODS AND CAKES BGN 335,648,000 and accounted for 3.32% of the industry's 5 OTHER PROCESSING AND PRESERVING OF FRUIT AND 831,476,000 total revenue. VEGETABLES 6 PROCESSING AND PRESERVING OF MEAT 812,508,000 TOP COMPANIES BY TOTAL REVENUE IN THE INDUSTRY 7 PROCESSING AND PRESERVING OF POULTRY MEAT 787,474,000 MANUFACTURE OF STARCHES AND STARCH PRODUCTS WERE: 8 MANUFACTURE OF STARCHES AND STARCH 554,898,000 COMPANY BGN PRODUCTS AMYLUM BULGARIA EAD 602,056,000 9 MANUFACTURE OF PREPARED FEEDS FOR FARM 522,339,000 REID KAMPANI OOD 14,000 ANIMALS MEMO - MESUT ALIOSMANOV ET 11,000 10 MANUFACTURE OF GRAIN MILL PRODUCTS 438,872,000 11 MANUFACTURE OF OTHER FOOD PRODUCTS N.E.C. 394,988,000 12 MANUFACTURE OF COCOA, CHOCOLATE AND SUGAR 374,953,000 The largest companies in terms of total revenue in sector CONFECTIONERY Manufacture of starches and starch products earned total 13 MANUFACTURE OF RUSKS AND BISCUITS; 341,223,000 revenue of BGN 602,081,000 and accounted for 5.96% of the MANUFACTURE OF PRESERVED PASTRY GOODS AND industry's total revenue. CAKES 14 PROCESSING AND PRESERVING OF FISH, 135,842,000 CRUSTACEANS AND MOLLUSCS 15 PROCESSING OF TEA AND COFFEE 119,892,000 IV. EXPENSES 16 MANUFACTURE OF ICE CREAM 98,857,000

9 SeeNews Industry Report

17 MANUFACTURE OF PREPARED MEALS AND DISHES 90,865,000 2017. 18 MANUFACTURE OF CONDIMENTS AND SEASONINGS 74,227,000 19 MANUFACTURE OF PREPARED PET FOODS 61,071,000 Employment expenses 20 MANUFACTURE OF FRUIT AND VEGETABLE JUICE 54,551,000 Salaries expenses 21 MANUFACTURE OF SUGAR 51,667,000 22 MANUFACTURE OF HOMOGENISED FOOD 21,839,000 Social security expenses PREPARATIONS AND DIETETIC FOOD 900,000,000 868,465,000 23 PROCESSING AND PRESERVING OF POTATOES 21,837,000 786,584,000 24 MANUFACTURE OF MARGARINE AND SIMILAR EDIBLE 16,902,000 800,000,000 FATS 718,384,000 25 MANUFACTURE OF MACARONI, NOODLES, 8,335,000 700,000,000 740,894,000 COUSCOUS AND SIMILAR FARINACEOUS PRODUCTS 672,192,000 600,000,000 612,355,000 500,000,000

INDUSTRY'S TOTAL COSTS STRUCTURE BY SECTORS BGN 400,000,000 9.17% 8.64% 300,000,000 9.33% 200,000,000 125,903,000 102,761,000 111,887,000 11.95% 100,000,000

9.11% 0 2015 2016 2017

The highest growth in labour costs, of 89.15%, was registered by Manufacture of homogenised food preparations and dietetic food, while Manufacture of macaroni, noodles, couscous and similar farinaceous products marked the sharpest fall, of 40.09%.

The monthly costs per employee in the Manufacture of food 51.80% products industry averaged BGN 977 in 2017, BGN 867 in 2016 and BGN 751 in 2015. Manufacture of oils and fats Production of meat and poultry meat products The monthly social security costs per employee in the Operation of dairies and cheese making industry averaged BGN 142 in 2017, versus BGN 123 in 2016 Manufacture of bread; manufacture of fresh pastry goods and cakes and BGN 107 in 2015. Other processing and preserving of fruit and vegetables Others EMPLOYMENT EXPENSES IN MANUFACTURE OF FOOD PRODUCTS BY SECTORS IN 2017

RANK SECTOR EMPLOYMENT AVERAGE Manufacture of homogenised food preparations and dietetic EXPENSES (BGN) EXPENSES PER EMPLOYEE food marked the highest annual increase in total expenses, of (BGN) 96.20%, while total expenses dropped the most, by 38.79%, 1 MANUFACTURE OF BREAD; MANUFACTURE 172,855,000 8,634 for Manufacture of macaroni, noodles, couscous and similar OF FRESH PASTRY GOODS AND CAKES farinaceous products. 2 OTHER PROCESSING AND PRESERVING OF 80,362,000 12,521 FRUIT AND VEGETABLES In terms of operating expenses, the highest increase, of 3 PRODUCTION OF MEAT AND POULTRY MEAT 79,078,000 12,796 PRODUCTS 97.22%, was recorded by the Manufacture of homogenised 4 OPERATION OF DAIRIES AND CHEESE 74,387,000 10,939 food preparations and dietetic food sector. The sharpest drop MAKING was posted by Manufacture of macaroni, noodles, couscous 5 PROCESSING AND PRESERVING OF POULTRY 61,298,000 13,148 and similar farinaceous products - 38.93%. MEAT 6 MANUFACTURE OF RUSKS AND BISCUITS; 59,012,000 16,230 The biggest spenders in the industry, with costs of over 10% MANUFACTURE OF PRESERVED PASTRY of industry's costs, numbered 24, including BISER OLIVA AD, GOODS AND CAKES VIAND EAD, BELLA BULGARIA AD, ZIV EOOD, 7 PROCESSING AND PRESERVING OF MEAT 55,783,000 10,664 MESOKOMBINAT LOVECH AD. The medium spenders, or 8 MANUFACTURE OF COCOA, CHOCOLATE 52,813,000 16,697 those in the 5% and 10% range count 31 and include CHEH AND SUGAR CONFECTIONERY JOSEPH NOVOSAD OOD, MEGGLE BULGARIA EOOD, 9 MANUFACTURE OF OTHER FOOD PRODUCTS 41,838,000 14,397 N.E.C. KEHLIBAR EOOD, GEOSTROY INZHENERING EOOD, KEN AD. 10 MANUFACTURE OF OILS AND FATS 33,504,000 13,548 Below 5% threshhold are 5,390 companies, including VITBUL 11 MANUFACTURE OF GRAIN MILL PRODUCTS 33,462,000 10,878 EOOD, DIKSI - SZ OOD, SARINA 92 EOOD, TSENTRAL 1 12 MANUFACTURE OF PREPARED FEEDS FOR 22,264,000 15,125 SABIHA AKIF ET, BULGARSKI HRYAB I ZAKUSKI DZZD. FARM ANIMALS 13 PROCESSING AND PRESERVING OF FISH, 16,433,000 10,113 Employment expenses in the Manufacture of food products CRUSTACEANS AND MOLLUSCS industry rose by 10.41% on the year to BGN 868,465,000 in 10 SeeNews Industry Report

14 MANUFACTURE OF PREPARED MEALS AND 14,605,000 9,447 DISHES EXPENSES ON TAXES BY SECTORS 15 MANUFACTURE OF STARCHES AND STARCH 13,553,000 43,025 RANK SECTOR BGN Y/Y CHANGE PRODUCTS 1 MANUFACTURE OF BREAD; MANUFACTURE OF 7,569,000 26.72% 16 MANUFACTURE OF CONDIMENTS AND 12,844,000 14,513 FRESH PASTRY GOODS AND CAKES SEASONINGS 2 PROCESSING AND PRESERVING OF POULTRY 5,865,000 60.77% 17 MANUFACTURE OF ICE CREAM 11,902,000 13,449 MEAT 18 PROCESSING OF TEA AND COFFEE 11,279,000 11,036 3 OTHER PROCESSING AND PRESERVING OF 5,720,000 -5.25% 19 MANUFACTURE OF PREPARED PET FOODS 7,461,000 15,544 FRUIT AND VEGETABLES 20 MANUFACTURE OF FRUIT AND VEGETABLE 5,460,000 12,817 4 PRODUCTION OF MEAT AND POULTRY MEAT 4,941,000 -23.94% JUICE PRODUCTS 21 MANUFACTURE OF HOMOGENISED FOOD 3,662,000 11,337 5 MANUFACTURE OF STARCHES AND STARCH 4,735,000 -9.46% PREPARATIONS AND DIETETIC FOOD PRODUCTS 22 MANUFACTURE OF MACARONI, NOODLES, 1,321,000 7,064 6 MANUFACTURE OF OTHER FOOD PRODUCTS 4,630,000 24.90% COUSCOUS AND SIMILAR FARINACEOUS N.E.C. PRODUCTS 7 MANUFACTURE OF COCOA, CHOCOLATE AND 3,416,000 -34.91% 23 PROCESSING AND PRESERVING OF 1,321,000 6,809 SUGAR CONFECTIONERY POTATOES 8 OPERATION OF DAIRIES AND CHEESE MAKING 3,252,000 0.53% 24 MANUFACTURE OF SUGAR 1,014,000 15,364 9 MANUFACTURE OF GRAIN MILL PRODUCTS 2,538,000 -22.55% 25 MANUFACTURE OF MARGARINE AND 954,000 12,553 10 MANUFACTURE OF RUSKS AND BISCUITS; 2,447,000 -17.97% SIMILAR EDIBLE FATS MANUFACTURE OF PRESERVED PASTRY GOODS AND CAKES 11 MANUFACTURE OF PREPARED FEEDS FOR 2,062,000 36.20% FARM ANIMALS THE TOP 10 COMPANIES BY AVERAGE MONTHLY COSTS PER EMPLOYEE IN THE INDUSTRY 12 PROCESSING AND PRESERVING OF MEAT 1,942,000 21.30% RANK COMPANY BGN 13 PROCESSING AND PRESERVING OF FISH, 1,395,000 24.89% CRUSTACEANS AND MOLLUSCS 1 SEVI TRADE EOOD 297,583 14 MANUFACTURE OF OILS AND FATS 854,000 -21.72% 2 FRUCTO SLIVEN AD 40,906 15 MANUFACTURE OF ICE CREAM 673,000 26.98% 3 EURO MEAT AND MILK EOOD 25,833 16 PROCESSING OF TEA AND COFFEE 590,000 24.47% 4 PROTEIN-98 AD 18,833 17 MANUFACTURE OF CONDIMENTS AND 556,000 -23.10% 5 MLIN-97 AD 15,292 SEASONINGS 6 ZONAPHARM OOD 8,167 18 MANUFACTURE OF PREPARED PET FOODS 538,000 96.35% 7 ZIV EOOD 7,108 19 MANUFACTURE OF PREPARED MEALS AND 495,000 81.99% 8 HLEBNI IZDELIA-LOZENEZ EAD 6,500 DISHES 9 BOLGARPRODUKT AD 4,333 20 MANUFACTURE OF HOMOGENISED FOOD 281,000 13.77% 10 BALCKO AGRO PRODUCT EOOD 4,067 PREPARATIONS AND DIETETIC FOOD 21 MANUFACTURE OF MACARONI, NOODLES, 116,000 63.38% COUSCOUS AND SIMILAR FARINACEOUS PRODUCTS The industry's tax expenses stood at BGN 54,838,000 in 2017. 22 MANUFACTURE OF FRUIT AND VEGETABLE 86,000 -9.47% In 2016 it paid taxes of BGN 54,033,000. In 2015 the industry JUICE paid BGN 51,042,000 in taxes. 23 PROCESSING AND PRESERVING OF POTATOES 67,000 -1.47% 24 MANUFACTURE OF MARGARINE AND SIMILAR 57,000 54.05% EDIBLE FATS Average taxes expenses by company 25 MANUFACTURE OF SUGAR 13,000 -84.71% 11,000 10,071 9,822 10,0009,462 9,000 V. PROFITABILITY 8,000 The industry's net profit amounted to BGN 431,758,000 in 7,000 2017, compared to a net profit of BGN 451,206,000 in 2016 and a net profit of BGN 399,118,000 in 2015. 6,000

BGN 5,000

4,000

3,000

2,000

1,000

0 2015 2016 2017

11 SeeNews Industry Report

Net profit/loss OPERATION OF DAIRIES AND CHEESE 22,074,000 31,914,000 17,752,000 Operating profit/loss MAKING

600,000,000 MANUFACTURE OF RUSKS AND BISCUITS; 21,469,000 27,176,000 34,682,000 MANUFACTURE OF PRESERVED PASTRY 550,000,000 GOODS AND CAKES 505,239,000 486,596,000 MANUFACTURE OF GRAIN MILL PRODUCTS 21,325,000 27,843,000 18,721,000 500,000,000 MANUFACTURE OF PREPARED FEEDS FOR 18,668,000 11,842,000 19,670,000 442,330,000 450,000,000 FARM ANIMALS 451,206,000 PROCESSING AND PRESERVING OF FISH, 14,755,000 10,980,000 6,573,000 400,000,000 431,758,000 CRUSTACEANS AND MOLLUSCS 399,118,000 PROCESSING AND PRESERVING OF MEAT 12,325,000 12,293,000 9,100,000 350,000,000 MANUFACTURE OF ICE CREAM 6,810,000 286,000 4,095,000 300,000,000 PROCESSING OF TEA AND COFFEE 6,633,000 4,237,000 -450,000 BGN 250,000,000 MANUFACTURE OF CONDIMENTS AND 5,065,000 7,172,000 7,253,000 SEASONINGS 200,000,000 MANUFACTURE OF PREPARED PET FOODS 4,951,000 2,307,000 2,668,000 MANUFACTURE OF OILS AND FATS 4,597,000 8,767,000 52,194,000 150,000,000 MANUFACTURE OF HOMOGENISED FOOD 2,096,000 1,892,000 2,056,000 100,000,000 PREPARATIONS AND DIETETIC FOOD MANUFACTURE OF MACARONI, NOODLES, 1,218,000 229,000 167,000 50,000,000 COUSCOUS AND SIMILAR FARINACEOUS PRODUCTS 0 PROCESSING AND PRESERVING OF 600,000 208,000 514,000 2015 2016 2017 POTATOES MANUFACTURE OF MARGARINE AND 562,000 370,000 500,000 SIMILAR EDIBLE FATS TOP 10 COMPANIES BY HIGHEST NET PROFIT IN MANUFACTURE MANUFACTURE OF FRUIT AND VEGETABLE -193,000 -1,501,000 1,384,000 OF FOOD PRODUCTS JUICE RANK COMPANY BGN MANUFACTURE OF SUGAR -1,506,000 3,849,000 1,050,000 1 AMYLUM BULGARIA EAD 42,444,000 MANUFACTURE OF PREPARED MEALS AND -2,001,000 2,328,000 9,288,000 2 CHIPITA BULGARIA AD 24,905,000 DISHES 3 GRADUS 1 EOOD 23,922,000 4 NESTLE BULGARIA AD 20,643,000 5 BELLA BULGARIA AD 16,543,000 The profit margin for the Manufacture of food products 6 PRESTIGE-96 AD 11,813,000 industry stood at 4.85% in 2017, while in 2016 it amounted to 7 PALIRRIA BULGARIA EAD 10,336,000 5.29% and 5.06% in 2015. 8 APIMEL ORGANIC OOD 9,900,000 9 SEVI TRADE EOOD 9,431,000 PROFIT MARGIN BY SECTORS 10 PILCO EOOD 9,369,000 RANK SECTOR PROFIT MARGIN 1 MANUFACTURE OF MACARONI, NOODLES, COUSCOUS 12.78% AND SIMILAR FARINACEOUS PRODUCTS TOP COMPANIES BY HIGHEST NET LOSS IN MANUFACTURE OF 2 MANUFACTURE OF OTHER FOOD PRODUCTS N.E.C. 10.12% FOOD PRODUCTS 3 PROCESSING AND PRESERVING OF FISH, CRUSTACEANS 9.84% RANK COMPANY BGN AND MOLLUSCS 1 ROSA AD 15,146,000 4 MANUFACTURE OF HOMOGENISED FOOD PREPARATIONS 8.76% 2 PARTNYORI AD 5,589,000 AND DIETETIC FOOD 3 NUR PILE EOOD 3,794,000 5 MANUFACTURE OF STARCHES AND STARCH PRODUCTS 7.84% 4 BIOFRUT OOD 3,330,000 6 MANUFACTURE OF BREAD; MANUFACTURE OF FRESH 7.50% 5 SERDIKA BULGARIA AD 3,031,000 PASTRY GOODS AND CAKES 7 MANUFACTURE OF PREPARED PET FOODS 7.50% 8 PROCESSING AND PRESERVING OF POULTRY MEAT 7.42% The combined operating earnings of the companies in the 9 MANUFACTURE OF COCOA, CHOCOLATE AND SUGAR 7.40% Manufacture of food products field fell by 3.69% y/y to BGN CONFECTIONERY 486,596,000 in 2017. 10 MANUFACTURE OF ICE CREAM 6.57% 11 MANUFACTURE OF CONDIMENTS AND SEASONINGS 6.41% OPERATING PROFIT/LOSS BY SECTORS (BGN) 12 MANUFACTURE OF RUSKS AND BISCUITS; MANUFACTURE 5.93% OF PRESERVED PASTRY GOODS AND CAKES SECTOR 2017 2016 2015 MANUFACTURE OF BREAD; MANUFACTURE 70,911,000 58,327,000 46,425,000 13 PROCESSING OF TEA AND COFFEE 5.39% OF FRESH PASTRY GOODS AND CAKES 14 OTHER PROCESSING AND PRESERVING OF FRUIT AND 5.39% PROCESSING AND PRESERVING OF POULTRY 60,881,000 46,618,000 26,889,000 VEGETABLES MEAT 15 PRODUCTION OF MEAT AND POULTRY MEAT PRODUCTS 5.07% PRODUCTION OF MEAT AND POULTRY 47,630,000 60,832,000 34,773,000 16 MANUFACTURE OF GRAIN MILL PRODUCTS 4.65% MEAT PRODUCTS 17 MANUFACTURE OF PREPARED FEEDS FOR FARM ANIMALS 3.47% MANUFACTURE OF STARCHES AND STARCH 47,183,000 52,310,000 39,004,000 18 MANUFACTURE OF MARGARINE AND SIMILAR EDIBLE FATS 3.23% PRODUCTS 19 PROCESSING AND PRESERVING OF POTATOES 2.67% OTHER PROCESSING AND PRESERVING OF 46,540,000 51,939,000 41,093,000 FRUIT AND VEGETABLES 20 OPERATION OF DAIRIES AND CHEESE MAKING 2.45% MANUFACTURE OF OTHER FOOD 44,300,000 35,330,000 29,038,000 21 PROCESSING AND PRESERVING OF MEAT 1.50% PRODUCTS N.E.C. 22 MANUFACTURE OF OILS AND FATS 0.40% MANUFACTURE OF COCOA, CHOCOLATE 29,703,000 47,691,000 37,891,000 23 MANUFACTURE OF FRUIT AND VEGETABLE JUICE -0.36% AND SUGAR CONFECTIONERY 12 SeeNews Industry Report

LEADING INDUSTRY'S SECTORS BY ROE 24 MANUFACTURE OF PREPARED MEALS AND DISHES -2.27% 25 MANUFACTURE OF SUGAR -3.02% 26 25.16 23.36 23.4 23.05

The Manufacture of food products industry's return on equity 20.8 (ROE) is 11.54% compared to 12.99% in 2016 and 12.94% in 18.2 2015. 15.6

The Manufacture of food products's return on assets (ROA) 13 was 5.22%, while in 2016 it amounted to 5.57% and 5.25% in 10.4 2015. 7.8

ROE 5.2 ROA 2.6 12.94% 12.99% 13 0 Manufacture of Processing and Processing and 11.54% bread; manufacture preserving of preserving of 11.7 of fresh pastry poultry meat potatoes 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 SEVI TRADE EOOD 9,431,000 PAVEL BANYA 6.5 2 KAMBANA INVEST EAD 1,114,000 SILISTRA

5.2 3 NEW LIFE 2011 EOOD 1,008,500 TRASTENIK 5.57% 5.25% 5.22% 4 GRIYN HAUS BULGARIA OOD 875,000 GOTSE 3.9 DELCHEV 5 EVRODAKS EOOD 394,000 PLOVDIV 2.6 6 APIMEL ORGANIC OOD 353,571 RAKOVSKI 7 ADISAN EOOD 306,000 SOFIA 1.3 8 MATEV PTITSI OOD 282,000 PLOVDIV 9 GEMMOPROCESS OOD 257,000 KOSTENETS 0 2015 2016 2017 10 MAXILAND EOOD 226,000 PAZARDZHIK

About 20.00% of the 10 leading companies in terms of net LEADING INDUSTRY'S SECTORS BY ROA 11.94 profit per employee are located in PLOVDIV, while 10.00% are 12 11.54 PAZARDZHIK-based and 10.00% are headquartered in 11.04 11 SILISTRA. 10 The average net sales revenue per employee in the 9 Manufacture of food products industry amounted to BGN 8 128,318 in 2017, up by 8.72% compared to 2016 and up by 7 25.09% compared to 2015. 6 The industry's average operating revenue per employee grew 5 by 7.00% year-on-year in 2017 to BGN 135,324. It rose by 4 23.36% compared to 2015. 3 The Manufacture of food products market generated an 2 average BGN 136,459 in total revenue per employee. In 2016 1 and 2015 the figure was BGN 127,343 and BGN 110,642, 0 respectively. Processing and Manufacture of Manufacture of other preserving of starches and starch food products n.e.c. poultry meat products The average total revenue per company in the Manufacture of food products industry went up to BGN 1,856,224 in 2017 from BGN 1,749,790 in 2016. The 2015 value was BGN 1,635,318.

A company in the Manufacture of food products field made on average a net sales revenue of BGN 1,745,483 in 2017, compared to BGN 1,621,722 in 2016 and BGN 1,516,137 in 2015.

The Manufacture of food products industry made 3.50% of 13 SeeNews Industry Report

the overall sales country-wide, reducing its market share by MANUFACTURE OF FRUIT AND 111,150 125,993 127,601 426 0.12 pp. VEGETABLE JUICE PROCESSING AND PRESERVING OF 114,552 115,655 115,655 194 Operating profit per employee for the industry as a whole was POTATOES BGN 6,570 in 2017. For comparison in 2016 it amounted to PROCESSING AND PRESERVING OF 150,339 157,452 157,682 5,231 MEAT BGN 6,684 and BGN 6,684 in 2015. PROCESSING AND PRESERVING OF 165,895 175,976 181,972 4,662 POULTRY MEAT THE TOP BY OPERATIONAL PROFIT PER EMPLOYEE IN PRODUCTION OF MEAT AND 145,404 152,103 152,874 6,180 MANUFACTURE OF FOOD PRODUCTS POULTRY MEAT PRODUCTS RANK COMPANY BGN MANUFACTURE OF PREPARED 350,542 365,214 367,532 1,472 1 SEVI TRADE EOOD 10,479,000 FEEDS FOR FARM ANIMALS 2 NEW LIFE 2011 EOOD 1,120,500 MANUFACTURE OF PREPARED PET 129,317 137,483 137,546 480 3 KAMBANA INVEST EAD 1,114,000 FOODS 4 GRIYN HAUS BULGARIA OOD 875,000 MANUFACTURE OF MARGARINE 220,645 229,132 229,789 76 AND SIMILAR EDIBLE FATS 5 EVRODAKS EOOD 438,000 MANUFACTURE OF OILS AND FATS 448,021 462,785 466,788 2,473

PROCESSING AND PRESERVING OF 87,545 92,266 92,675 1,625 FISH, CRUSTACEANS AND TOP 10 COMPANIES WITH HIGHEST CORRELATION OPERATING MOLLUSCS REVENUE - NUMBER OF EMPLOYEES - EMPLOYMENT EXPENSES* MANUFACTURE OF GRAIN MILL 134,401 148,996 149,609 3,076 RANK COMPANY NAME CORRELATION PRODUCTS (BGN) MANUFACTURE OF STARCHES 1,900,590 1,911,270 1,911,368 315 1 SEVI TRADE EOOD 11,014,000 AND STARCH PRODUCTS 2 NEW LIFE 2011 EOOD 10,281,000 3 DRB AD 7,754,000 4 EURO MEAT AND MILK EOOD 4,789,000 AVERAGE REVENUE PER COMPANY IN MANUFACTURE OF FOOD 5 VIVA TRADING EOOD 4,348,500 PRODUCTS IN 2017 6 ADISAN EOOD 3,785,000 SECTOR AVERAGE NET AVERAGE AVERAGE TOTAL NUMBER OF SALES REVENUE OPERATING REVENUE (BGN) COMPANIES 7 SUN FOODS EOOD 3,396,216 (BGN) REVENUE (BGN) 8 MATEV PTITSI OOD 3,244,000 MANUFACTURE OF 199,562,000 200,683,333 200,693,667 3 9 SUNOPTA FOODS BULGARIA EOOD 3,125,714 STARCHES AND STARCH PRODUCTS 10 FRUCTO SLIVEN AD 2,990,875 MANUFACTURE OF SUGAR 24,754,500 24,966,500 25,080,500 2

MANUFACTURE OF OILS 15,388,292 15,895,389 16,032,861 72 AND FATS *The correlation is calculated by subtracting the quotient of the operating profit, and the employment expenses to the number of employees. PROCESSING AND 7,812,152 8,286,869 8,569,242 99 PRESERVING OF POULTRY MEAT AVERAGE REVENUES PER EMPLOYEE IN MANUFACTURE OF FOOD MANUFACTURE OF 5,670,308 5,907,637 5,945,132 91 PRODUCTS IN 2017 PREPARED FEEDS FOR FARM SECTOR AVERAGE NET AVERAGE AVERAGE NUMBER OF ANIMALS SALES OPERATING TOTAL EMPLOYEES REVENUE REVENUE REVENUE MANUFACTURE OF 5,589,667 5,804,667 5,821,333 3 (BGN) (BGN) (BGN) MARGARINE AND SIMILAR MANUFACTURE OF 70,133 74,074 74,102 323 EDIBLE FATS HOMOGENISED FOOD PROCESSING AND 4,274,033 4,476,250 4,482,788 184 PREPARATIONS AND DIETETIC PRESERVING OF MEAT FOOD PRODUCTION OF MEAT AND 4,218,756 4,413,127 4,435,512 213 MANUFACTURE OF PREPARED 54,527 57,048 57,480 1,546 POULTRY MEAT PRODUCTS MEALS AND DISHES MANUFACTURE OF GRAIN 3,658,566 4,055,858 4,072,540 113 MANUFACTURE OF CONDIMENTS 85,773 89,320 89,595 885 MILL PRODUCTS AND SEASONINGS OPERATION OF DAIRIES AND 2,960,692 3,227,441 3,241,677 279 PROCESSING OF TEA AND COFFEE 113,568 120,325 123,801 1,022 CHEESE MAKING MANUFACTURE OF COCOA, 122,818 126,865 127,934 3,163 PROCESSING AND 3,026,830 3,190,043 3,204,191 47 CHOCOLATE AND SUGAR PRESERVING OF FISH, CONFECTIONERY CRUSTACEANS AND MANUFACTURE OF SUGAR 750,136 756,561 760,015 66 MOLLUSCS MANUFACTURE OF OTHER FOOD 142,717 150,624 151,166 2,906 MANUFACTURE OF 2,955,810 3,142,476 3,143,905 21 PRODUCTS N.E.C. PREPARED PET FOODS OPERATION OF DAIRIES AND 121,475 132,420 133,004 6,800 PROCESSING OF TEA AND 2,579,267 2,732,711 2,811,667 45 CHEESE MAKING COFFEE MANUFACTURE OF ICE CREAM 113,916 117,132 119,398 885 OTHER PROCESSING AND 2,210,458 2,437,638 2,480,271 354 MANUFACTURE OF RUSKS AND 96,351 99,613 99,750 3,636 PRESERVING OF FRUIT AND BISCUITS; MANUFACTURE OF VEGETABLES PRESERVED PASTRY GOODS AND MANUFACTURE OF RUSKS 2,335,540 2,414,627 2,417,947 150 CAKES AND BISCUITS; MANUFACTURE OF MACARONI, 46,775 50,984 51,086 187 MANUFACTURE OF NOODLES, COUSCOUS AND PRESERVED PASTRY GOODS SIMILAR FARINACEOUS PRODUCTS AND CAKES MANUFACTURE OF BREAD; 44,902 47,218 47,332 20,020 MANUFACTURE OF ICE 2,240,356 2,303,600 2,348,156 45 MANUFACTURE OF FRESH PASTRY CREAM GOODS AND CAKES MANUFACTURE OF COCOA, 2,245,509 2,319,497 2,339,052 173 OTHER PROCESSING AND 121,923 134,454 136,805 6,418 CHOCOLATE AND SUGAR PRESERVING OF FRUIT AND CONFECTIONERY VEGETABLES MANUFACTURE OF FRUIT 1,632,759 1,850,793 1,874,414 29 AND VEGETABLE JUICE 14 SeeNews Industry Report

MANUFACTURE OF 1,432,245 1,491,472 1,496,075 53 MANUFACTURE OF HOMOGENISED 8,592,000 4,453,000 10,532,000 CONDIMENTS AND FOOD PREPARATIONS AND DIETETIC SEASONINGS FOOD MANUFACTURE OF 1,080,744 1,130,718 1,139,282 78 MANUFACTURE OF MACARONI, 4,329,000 8,557,000 8,611,000 PREPARED MEALS AND NOODLES, COUSCOUS AND SIMILAR DISHES FARINACEOUS PRODUCTS MANUFACTURE OF 1,029,682 1,087,545 1,087,955 22 HOMOGENISED FOOD PREPARATIONS AND DIETETIC FOOD Debt-to-assets ratio of the companies in the industry is 0.52 MANUFACTURE OF OTHER 936,201 988,065 991,621 443 in 2017. It was 0.54 in 2016 and 0.56 in 2015. FOOD PRODUCTS N.E.C. PROCESSING AND 966,217 975,522 975,522 23 According to market experts, the greatest impact on the PRESERVING OF POTATOES development of the Manufacture of food products industry MANUFACTURE OF 349,880 381,360 382,120 25 has amortisation expenses. In 2017 it stood at BGN MACARONI, NOODLES, 311,633,000, according to the financial statements of the COUSCOUS AND SIMILAR FARINACEOUS PRODUCTS companies in the industry. In 2016 the figure was BGN MANUFACTURE OF BREAD; 312,345 328,461 329,251 2,878 278,908,000 and BGN 272,352,000 in 2015. MANUFACTURE OF FRESH PASTRY GOODS AND CAKES

VI. EMPLOYMENT The total indebtedness of the companies in the Manufacture of food products industry was BGN 4,307,336,000 versus A total of 74,067 people were employed in the Manufacture BGN 4,412,310,000 a year ago. In 2015 the industry's of food products market at the end of 2017, compared to indebtedness totalled BGN 4,260,269,000. 75,588 in 2016 and 79,725 in 2015.

INDUSTRY'S INDEBTEDNESS BY SECTORS (BGN) NUMBER OF EMPLOYEES BY INDUSTRY SECTORS SECTOR NUMBER SHARE OF SECTOR 2017 2016 2015 INDUSTRY MANUFACTURE OF OILS AND FATS 624,503,000 658,833,000 730,781,000 TOTAL OTHER PROCESSING AND PRESERVING 575,173,000 501,951,000 478,666,000 MANUFACTURE OF BREAD; MANUFACTURE OF FRESH 20,020 27.03% OF FRUIT AND VEGETABLES PASTRY GOODS AND CAKES MANUFACTURE OF BREAD; 451,665,000 470,668,000 462,027,000 OPERATION OF DAIRIES AND CHEESE MAKING 6,800 9.18% MANUFACTURE OF FRESH PASTRY OTHER PROCESSING AND PRESERVING OF FRUIT AND 6,418 8.67% GOODS AND CAKES VEGETABLES OPERATION OF DAIRIES AND CHEESE 433,691,000 439,826,000 441,622,000 PRODUCTION OF MEAT AND POULTRY MEAT PRODUCTS 6,180 8.34% MAKING PROCESSING AND PRESERVING OF MEAT 5,231 7.06% PRODUCTION OF MEAT AND POULTRY 339,128,000 385,506,000 277,079,000 PROCESSING AND PRESERVING OF POULTRY MEAT 4,662 6.29% MEAT PRODUCTS MANUFACTURE OF RUSKS AND BISCUITS; MANUFACTURE 3,636 4.91% MANUFACTURE OF GRAIN MILL 296,712,000 310,935,000 322,158,000 OF PRESERVED PASTRY GOODS AND CAKES PRODUCTS MANUFACTURE OF COCOA, CHOCOLATE AND SUGAR 3,163 4.27% MANUFACTURE OF PREPARED FEEDS FOR 265,476,000 285,836,000 205,584,000 CONFECTIONERY FARM ANIMALS MANUFACTURE OF GRAIN MILL PRODUCTS 3,076 4.15% PROCESSING AND PRESERVING OF MEAT 240,658,000 249,940,000 246,365,000 MANUFACTURE OF OTHER FOOD PRODUCTS N.E.C. 2,906 3.92% PROCESSING AND PRESERVING OF 210,453,000 231,507,000 258,459,000 POULTRY MEAT MANUFACTURE OF OILS AND FATS 2,473 3.34% MANUFACTURE OF OTHER FOOD 161,615,000 147,598,000 135,292,000 PROCESSING AND PRESERVING OF FISH, CRUSTACEANS 1,625 2.19% PRODUCTS N.E.C. AND MOLLUSCS MANUFACTURE OF COCOA, CHOCOLATE 151,852,000 146,443,000 204,729,000 MANUFACTURE OF PREPARED MEALS AND DISHES 1,546 2.09% AND SUGAR CONFECTIONERY MANUFACTURE OF PREPARED FEEDS FOR FARM ANIMALS 1,472 1.99% MANUFACTURE OF RUSKS AND 128,386,000 132,115,000 127,263,000 PROCESSING OF TEA AND COFFEE 1,022 1.38% BISCUITS; MANUFACTURE OF PRESERVED MANUFACTURE OF CONDIMENTS AND SEASONINGS 885 1.19% PASTRY GOODS AND CAKES MANUFACTURE OF ICE CREAM 885 1.19% MANUFACTURE OF STARCHES AND 106,814,000 88,919,000 34,098,000 STARCH PRODUCTS MANUFACTURE OF PREPARED PET FOODS 480 0.65% PROCESSING OF TEA AND COFFEE 56,445,000 53,437,000 43,718,000 MANUFACTURE OF FRUIT AND VEGETABLE JUICE 426 0.58% PROCESSING AND PRESERVING OF FISH, 52,959,000 54,480,000 55,035,000 MANUFACTURE OF HOMOGENISED FOOD PREPARATIONS 323 0.44% CRUSTACEANS AND MOLLUSCS AND DIETETIC FOOD MANUFACTURE OF ICE CREAM 48,888,000 84,165,000 40,993,000 MANUFACTURE OF STARCHES AND STARCH PRODUCTS 315 0.43% MANUFACTURE OF FRUIT AND 35,101,000 35,772,000 35,101,000 PROCESSING AND PRESERVING OF POTATOES 194 0.26% VEGETABLE JUICE MANUFACTURE OF MACARONI, NOODLES, COUSCOUS 187 0.25% MANUFACTURE OF PREPARED MEALS 31,390,000 24,606,000 39,874,000 AND SIMILAR FARINACEOUS PRODUCTS AND DISHES MANUFACTURE OF MARGARINE AND SIMILAR EDIBLE FATS 76 0.10% MANUFACTURE OF PREPARED PET 31,053,000 33,700,000 33,083,000 MANUFACTURE OF SUGAR 66 0.09% FOODS MANUFACTURE OF CONDIMENTS AND 17,008,000 19,065,000 17,885,000 SEASONINGS MANUFACTURE OF MARGARINE AND 14,400,000 11,568,000 8,920,000 SIMILAR EDIBLE FATS PROCESSING AND PRESERVING OF 11,566,000 14,784,000 6,067,000 POTATOES MANUFACTURE OF SUGAR 9,479,000 17,646,000 36,327,000

15 SeeNews Industry Report

TOP 10 FIRMS BY SHARE IN INDUSTRY'S TOTAL NUMBER OF ALLOCATION OF EMPLOYEES BY INDUSTRY'S SECTORS EMPLOYEES 6,800 RANK COMPANY NUMBER OF SHARE 6,418 EMPLOYEES 1 NESTLE BULGARIA AD 1,129 1.52% 6,180 2 CHIPITA BULGARIA AD 904 1.22% 3 PILCO EOOD 882 1.19% 4 PALIRRIA BULGARIA EAD 819 1.11% 5 MESOKOMBINAT LOVECH AD 692 0.93% 20,020 5,231 6 PRESTIGE-96 AD 614 0.83% 7 UNITED MILK COMPANY EAD 509 0.69% 8 GRADUS 1 EOOD 502 0.68% 9 OLIVA AD 420 0.57% 10 SIMID SOFIA OOD 416 0.56%

The Manufacture of food products industry is the 7th largest employer in the country with 74,067 employees with the largest employer being Retail trade, except of motor vehicles 29,418 and motorcycles with 200,534 and Extraction of crude petroleum and natural gas at the bottom with 27 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 3.19% in 2017, 3.92% in 2016 and 4.01% Production of meat and poultry meat products in 2015. 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 -3.61% in 2018. employees, shows that 3769 firms have less than 50 employees*, 321 have between 50 and 250 employees* and 26 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 3 800 3 769

3 420

3 040

2 660

2 280

1 900

1 520

1 140

760

380 321 26 Small Medium Big

The employees of the leading 10 companies in terms of numbers make up 9.30% of the workforce in the industry in 2017.

16 SeeNews Industry Report

The industry is represented by the following companies

VITBUL EOOD DIMITRA EOOD IZGREV - 2006 OOD BOUTIQUE BAKERY EOOD DIKSI - SZ OOD MARTI 2013 - SVETOSLAV NAKOV ET DZHAST BAYTS OOD MILINA SARINA 92 EOOD AGROBIOMED EOOD INTERES-3000 EOOD ALEKS M GOSPODIN GOSPODINOV PETYA GOSPODINOVA ET TSENTRAL 1 SABIHA AKIF ET ZEMIRA-VARNA EOOD MIRO PETAR PETROV ET TIHOMIR HRISTOV ET BULGARSKI HRYAB I ZAKUSKI DZZD PIMENS EOOD SNEZHANA DOBRINKOVA ET ELINA-BEM-BOYCH VASILEV GUCALEV ET ALIS - T EOOD AGRO BAZA VIDIN OOD MEDOVINA EOOD ARONIA ALAYF AGRIKALCHAR EOOD LUB FUTBOLISTA C - STANISLAV LYUBENOV ET AVANGARD NIKOLA BAYCHEV ET GANCHEV EOOD CHERISA CHERESHKA IVANOVA ET SVETLANA-DIMITAR VATEV ET TANAKA OOD HLEBEN RAY DZZD IMPERIYA OOD MOKA - BORISLAV GASHTAROV ET HERBA FARMA TEHNOLODZHI INTERNESHANAL HRANMIKS OOD EOOD NATUR AGRA EOOD ZLATEN KLAS 2010 EOOD PAVLIN NETEV PAM ET OLINEZA EOOD KOZHAROVA EOOD BIOMAGIA OOD SOFYANA EOOD BOZHKOVI OOD 7R EOOD MERI AHMED CHAKAR ET C& M FRUT EOOD RENY 17 EOOD GABI - MIROSLAV IVANOV ET MAESTRA MIA EOOD KA I KO BEYKARI OOD VET PARTNERS OOD BI PI 2014 EOOD AGARICUS BG EOOD METERI EOOD RADIGOST EOOD Q-Q UBO GA EOOD NES PAK EOOD PETROMEL 1 OOD IN-HIVE EOOD TODOROVI - 02 OOD POSEIDON 2003 OOD IMDO OOD MIS 12 EOOD EVEREST BG 2010 EOOD DZHEAR - NENKO ANGELOV ET AM AM - BG EOOD RA PIDAKEV STEFAN LYUBENOV ET DEBORA 93 - GINKA VALKOVA ET IVEL - CONFECTIONERY EOOD ES EM KEY NUR OOD DJAVIT SHERIFOV ET ALEINA ELIF EOOD DAFIDIM 89 - YORDAN HADZHIYSKI ET MIMI 99 MARIN MIHAYLOV VASIL MIHAYLOV ET YORDAN KARAKEHAYOV EOOD BIO FRUITS EOOD LITTLE ITALY 1982 OOD ZHITARA OOD REGAKO EOOD VARHAT OOD AVIDAR EOOD TONGOV GRUP EOOD AGENCY BULSAI EOOD BISER OLIVA AD BULGARPLOD PAN OOD KRISBOR OOD TED - MILKO METODIEV ET PETKOVI-70 OOD SD MOLTEN HRISTOV I S-IE TIARA-2013.BG OOD ATANAS HANEV ET FINES DZZD NOVIRA EOOD DAILY FOODS AD KUIN BARGAR BULGARIA EOOD CHRIS OIL 97 EOOD ILEMA 2016 EOOD KRISTIYAN DZHINSOV ET DIAMANT 2010 EOOD BRIZ 2016 OOD KRASKAT - KRASIMIR MITKOV ET SIS NET TREYD INVESTMANT EOOD AERKRAFT EOOD ART EXPERT EOOD DIMI S EOOD DJEI GRUP 11 EOOD PLODEX OOD CASA DI FARINA EOOD DZHURKOLOV - IVAN DZHURKOLOV ET DZZD MILINA TEOR 2008 EOOD UNI-MIKS OOD NIPEX - N EOOD DESI - 90 EOOD TACHEVI TACHEVA I SIE SD VASILKA TOMOVA ET AGROEKO -BG EOOD MILENA - DENCHO KALESTROV ET DAREYA EOOD TIMEKS OOD RODOPA TROYAN OOD MARKENBUTTER EOOD EKIZ - 69 - SALI SALI ET ET RIO INVEST EOOD LOTOS ART EOOD INTEST ASAN RUPETSOV ET RASHKO RADOEV ET BIOPROGRAMME EAD DENITO OOD XAVAI 66 OOD GEOMEKS INZHENERING EOOD HARNA PEKARNA - LIDIYA GARKOVA ET CAKE SHOPS OOD MK BRATYA RADEVI OOD TOP-CONSERV EAD LOTOS MITKO G. DIMITROV EOOD PETROV I KOLEV SD SAMET - FARUK KADIR ET TSERERA EOOD ZHIVKO VARBANOV ET SOLEDONT OOD PALAS- IVELINA TODORCHEVA ET NIKOM 81 EOOD FEI 2011 OOD RAP - RUMEN PELTEKOV ET ALMI SUIT OOD DENISAL ZINEP DEDEOLU ET HADMAN 63 EOOD LECHOVI DR EOOD ALEX-NANA EOOD BULMASHINGENERING OOD ZHANA 90 ATANASOVI S IE SD STANCHO HADZHIDIMITROV AD ADIS-11 EOOD ALANDA EOOD SONGURLARE 54 STOYU APOSTOLOV ET CHAKLYAN EOOD BILI MERT EOOD EOOD YUMIAZI-SMAIL MEHMEDOV ET ALFA - M55 EOOD P D M SNEJANKA BRANKOVA EOOD VITANEA OOD VIKI 25 EOOD SILVA TRAYKOVA ET ZAHARO OOD DEN OOD ZINA ZINA TODOROVA ET NINA - STANIMIR PASHALIEV ET ALIANS FOREYN TREYD MARKETING OOD KADYOVA 52 EOOD DMS - DIMITAR METODIEV ET ILIEV I G ILIA GOSPODINOV ET PERSENSKI OOD VE-VAS-63 EOOD SOLVEX - MIRA - FRUKT AD ROS SI SILVIA MITEVSKA ET DESI - M - METODI METODIEV ET ELIS OOD PETRELIYSKI - 61 - DIMITAR PETRELIYSKI ET FURAZHI AD FLOREKS EOOD SHAMI - 94 EOOD ROZHEN 21 DETELINA VASILEVA ET ASEN ASENOV 70 EOOD ASLAN 7 EOOD HAPPY BEBE EOOD KA METODIEVI EOOD ELHOVO MES EOOD MOD VISTE OOD GRAFITI SG OOD GERGANA - 2016 EOOD ANESKO OOD IZBRAN EOOD NELI VELKOVA - RUBIKON ET SIM-08 EOOD PAL BG EOOD JGV BULGARIA OOD TANINA-2 EOOD YUMZET YULI EOOD HENZEL I GRETEL BURGAS EOOD ZAHARNO PETLE - GKG EOOD SELIBIUM DZZD CRISTIS - 91 EOOD BULGARIAN ICECREAM COMPANY EOOD MESOKOMBINAT TRAPEZITSA EOOD DANI 83 STOYAN IVANOV ET IVAN SIMEONOV ET DANSIS SILVIA GETOVA ET TEDI 05 EOOD STOKAT STOYAN ZEMYARSKI ET ERKO 2002 EOOD DEMETRA DV EOOD FORISTAR EOOD IVAN KOEV ET ZLATNO RUNO EOOD IGM-TRADE EOOD SHERIFA 3 EOOD PANACEA 2001 OOD SLADKI RAYA OOD BILKOCOOP EOOD OBSHTESTVEN KLUB FURNA EOOD EFROTEM 2013 EOOD AISIS OOD INTERMES OOD ALBENA VUCHKOVA - HRISTO EOOD DYAKOV EOOD AGRES - ELENA ATANASOVA ET PASHOV YAR EOOD DIMANA 95 EOOD FAMILY NIKOLA EOOD VANIA VELEVA 1160 EOOD MULCHANKOV OOD GIBI-99 EOOD DOLCE VITA GELATO OOD 17 SeeNews Industry Report

ZELEO EOOD BULGARIA EOOD PETYA DIMITROVA - DIMITAR DIMITROV-IZVOR PLAMEN DISHKOV 58 OOD ET DANI ATANAS KARCHEV ET TOTAL-5 OOD S I N GRUP 2011 EOOD FILMAHI EOOD OFFROAD TRAVEL OOD MAKRIN 2003 OOD BORIMES-99 EOOD POSEYDON 2017 OOD GEOBOY 2009 EOOD RODINOVI OOD MANCHINI 2012-TANYA VLADEVA EOOD RAYA 22 EOOD KOKO KOMERS OOD VIAND EAD SVETOSLAVA MARINOVA ET ET PHILIPOPOLIS RK OOD ENDELVAIS EOOD ZHAR-PETAR KOKALOV - ZHIVKO KOKALOV ET OMURTAG TABAKOBV ET ANVO OOD VELES-KOSTADIN VELEV ET CHEH JOSEPH NOVOSAD OOD ARBAN FUDS OOD EUROTEAM EOOD DESISLAVA YANKO VASILEV ET KALKANOV AID OOD ARACHIEVI OOD BURNABY OOD NACHEVI 2017 EOOD EOOD KLAS - A END CO EOOD ARFA - ILIYA PETROV - TINA ZLATILOVA ET BAZ KOMPANI OOD VALYA 2008 EOOD DZHEMLYA MOLLA ET ECO FOODS - BG OOD AN NEZHDET ALI ET ABI TREYD 2015 EOOD SIMID VM EOOD TSVETAN PENCHEV ET IVEKAS EOOD MISTAR I MISIS BANI OOD OOD KRAUN-95 EOOD SANI DROPS EOOD MEKON EOOD HORIZONT EOOD HERBAMEDIKA EOOD RUBUL EOOD DIANA MANOLOVA I SIN DIANA MANOLOVA ET YORDAN MUTAVDZHIYSKI BONKA SHALAMANOV 79 EOOD HOLI-ZHOS - VALENTIN KOZHAROV ET MUTAVDZHIYSKA BOBI ET SUNAY 2008 - AFIZE CHERKEZOVA ET DERBI 97 P EOOD BEST FOOD 1 EOOD RU BI BALINOVI IVANKA GEORGIEVA ET RAKITA-R EOOD POLYA GEORGIEVA GORSKA SRESHTA ET SPEKTAR KOMS OOD EROL REMZIEV ENAM ET RIKI RIDVAN AHMEDOV ET M I M EOOD ELEYYA OOD PETAR I PETAR EOOD NASLADA - 92 OOD CITY BAKERY EOOD DIMIVAN DIMITRINKA SLAVOVA ET K & E ZLATINOVI OOD SONAR - 01 OOD ILIQNA-98 BG OOD VENERA MG EOOD AMON EOOD HLYAB I HLEBNI IZDELIA EOOD TSUNAMI TSVETAN CHOLAKOV ET IV JUNIOR OOD MINLET ASLANOVA MILI ET MILKMANIYA EOOD GALA72 EOOD MELANI 2002 EOOD SANI - US EOOD VANYA NAYDENOVA VANESA 95 ET ELIS ELENA IVANOVA ET STO MARGARITI EOOD GEORGI KARADZHOV VESELA KARADZHOVA ET ANGEL KARAMFILOV KOMERS ET BUTER EOOD NATSTIM EOOD DENIZ ADEM IBRAHIMOV ET NIKOLINA ALENDAROVA ET BRATYA STOYNOVI DZZD MANDRA - 1 OOD DIDKO 78 EOOD LILIANA VACEVA ET ANIKO-GEOGI DOICHEV ET ELECTA 09 EOOD DZHENTILE DZHAVAT DZHILDZHOV ET LAF VELIZAROV I S IE SD TIROL-SH EOOD EOOD VENE EOOD BRAVO GRUP OOD REGAL KOMERS - HRISTINKA GEORGIEVA ET EL SI KOMERS 85 EOOD ANDREEV 69 EOOD KRIS L OOD DEMETRA EOOD KOVEG - MLECHNI PRODUKTI OOD PEKARITE EOOD JOSI EOOD MILENA 98 EOOD TIMS FOODS EOOD MADDLEN PATISSERIE EOOD ATLANTIK KO EOOD DOBRUDJA 03 EOOD DETELINA HYUSEIN KARAKAS ET MERKURIY PROIZVODSTVO I PAKETAZH AD HALACHEV-92 SLTD EOOD ZLATNO ZARNO OOD IM PRODUKT EOOD DIMITAR SUGARLIEV ET ET MARTISVET OOD OOD ALPI KOMERS OOD ANI ASKO ATANAS OGNYANOV ET PENO INVEST EOOD TASLAKA FOOD EOOD SHOGUN EOOD STANIMIR LUNGOV ET ZORI LUKS EOOD IMMORTEL EOOD KONAN-BG EOOD GABI FUUT EOOD RUSKO-ALIM OOD SMILJANA 2010 OOD DENISLAV EAD EKO FURAJ OOD FILIPOPOLIS SPORT - DIMITAR HALACHEV ET DELNIK I PRAZNIK OOD VEGAS 12 OOD GESDI GEORGI DOYCHEV ET SIY KO LIE-SIYKA KOLEVA ET ROSSI - TART OOD AKTSENTI – GABRIELA MAR EOOD GERI - 2003 EOOD IVA-IRIFAN KATARDZHYOLU ET BODUROV 2015 EOOD BIO BENJAMIN OOD MIT - MILCHO GENEV ET FILADELFIA VALERI VLAESKU ET COOP MES OOD BORISOV DRAGANOV OOD PAYO 90 OOD ABDERA 2 EOOD DIN KOSTADIN ANGELOV ET VKUSNA ZAKUSKA SONYA GEORGIEVA ET MPM – VIDIN EOOD BURDENIS379 OOD KOMEKSIM EOOD ZORNITSA-90 OOD TERI 2000 - ROSEN VASILEV ET STT IMPEKS EOOD MATIS FISHING OOD ONIKS DIMOV EOOD KAPLAN DESI OOD GYOKAN - 93 EOOD YORDAN RALEV 90 EOOD DGE EOOD SVETLINA 92 EOOD KULINAR OOD ZLATINA-2013 EOOD RAI - M 07 EOOD FENIKSTUR KRASIMIR GERENSKI ET SPEDAGRO EOOD M DZHI 1 EOOD VIVAS 2017 EOOD GEORGI ZASHEV EOOD ILIAN FOOD - 2003 EOOD KARLAK HASAN MEHMED ET BLIZNAKOVI - SLADKI MECHTI EOOD COLDROOM TRADE EOOD M - BAKERY EOOD VESELIN EOOD DETELINA - SVETLA MARINOVA ET NITA 96 EOOD NATI 2016 EOOD SNEZHANKA KIRILOVA ET ALZ OOD AGRO TULS EOOD BUTTERFLY EOOD RILA FOOD EOOD EN DZHI PRODAKSHAN EOOD MILKY LUX EOOD B-YOU FOOD AD EKOPRODUKT ALI EOOD BIOVITA 14 OOD ZHIVKO ANGELOV ET VESELINA 1 - VESELINA NIKOLOVA ET PEKARNA NOMER 1 OOD PROFESIONALNI FENERI OOD YASI- 2012 EOOD VINPROM AD EN EM PRODUCTION EOOD ANJEL 86 EOOD MIHAIL NIKOLOV ET PETAR DIMKOV I KO OOD GEYV OOD SAVKO DIMITROV EOOD BRATYA MARTINOVI 2011 TSH OOD DAYANA 08 ANGEL EOOD VESIANA - ANA MIRCHEVA EOOD RUBINEKS RUSE OOD NESI-2014 OOD AY DZHI EY INVEST OOD VALDES M VESELIN GORANOV VLADIMIROV ET MEGGLE BULGARIA EOOD KOMESIM EOOD EOOD KEHLIBAR EOOD AGRACOMMERCE EOOD SAVOV DIMO DIMOV ET FOODS MAKING COMPANY EOOD ZEMEDELSKI PROIZVODITEL MIHAIL MELEV TEMPO - 2 OOD ORIENT-M - MYUMYUN YUSEIN ET LELJA OG NINA EOOD EMA ELENA VALCHANOVA ET YOSIFOVI 2014 OOD MEGA REX 2010 - EOOD OSTRAVA EOOD BULGARIA FOODS EOOD BUTIK-DEKOR OOD CARAMELOR EOOD DESI I SINOVE EOOD DE VI TA 2015 EOOD TOSHKO YOSIFOV DIANA 2002 ET NAKOV GRUP OOD FULMAKS OOD POTREBITELNA KOOPERATSIA PARVA PROLET AGLAYA-8 OOD DZZD RAYKOVI - V I E KOOP SINAYA 99 EOOD DJAMBAZOVI-2011 EOOD LINA BAKERY EOOD ASOS IVAN GEORGIEV-SVETLA IVANOVA ET IG DAGLOVI EOOD YANKA ARABADJIEVA - BH EOOD MIPA 2011 OOD SASHO BEROV - BAGRYIAN BEROV ET VGS - ELI 5758 EOOD KREMI 15 EOOD ZHASI ZHASMINA TOMOVA ET BULGARSKI OREH OOD MILOTA OOD SIY KINGDOM OOD MERLINI DANIMOND OOD DALEX GROUP OOD ANNA BUKURESHTLIEVA ET PEVAL - SNEZHANA MADZHAROVA ET NIK - DIMITAR RASHEV ET EKOPRODUKT MEGIA EOOD CHUDO EOOD 18 SeeNews Industry Report

ROSITSA FLOREVA 61 ET SLADOLEDENI AKTIVI EOOD EOOD NICO - NAS EOOD FRESH - 12 EOOD DIZHA - IVAN IVANOV ET IZVOR AM OOD VALKA EOOD IVETA - SN2 - MARIYA NACHEVA ET ELDIKO NELI MITEVA ET TOPACHINTO 2014 EOOD KALEYA - KIRIL HRISTOV ET HLEBOZAVOD STRAZHITSA OOD SANI - SVETLA KOVACHEVA ET BM HOLDING EOOD LINEX EOOD SATO 2013 OOD PUERTO DE VINOS OOD GENS-EM EOOD KRASI EOOD BANICHKA DZZD DZHEYDI 8 EOOD CENTRAL KOMERS - 61 EOOD KRASI KRASTINKA AHMEDOVA ET VALGAR EOOD HYUSMAN 50 NEVRIE MIMAN ET KOLER D OOD G K V EOOD YOSIFOVI 91 OOD BAL-KLAS OOD D-R VASILEVA EOOD SIRIUS 2017 EOOD EOOD KAROV-M 68-MUSTAFA HYUSEIN ET GEOSTROY INZHENERING EOOD INTERVAZ V - VIOLETA TODOROVA ET DOBRUDJANSKI HLIAB AD DANA 2008 EOOD EBAZIR - 68 - EBAZIR HAMID ET ARBOL EM EOOD BLACK SEA FISHERIES BURGAS AD VIKI-08 EOOD IVAN IVANOV - ELVI - 6 EOOD GEORGI TERZIYSKI RALITSA 22 ET DOICE SPADI EOOD AMBROZIA EOOD BESTA BULGARIA EOOD NIK-MINA EOOD LODIS INVEST EOOD FABRIKA ZA PROIZVODSTVO NA BISKVITI-AN-EM OOD DILAYT FUUD EOOD VERONIKA ADM EOOD VELIKO OOD GREECATA EOOD O K EVGENIY 66 EOOD GALYA VE ALEKSI 2021 EOOD RADOPSKA SALZITSA EOOD DELYO VOYVODA MILK OOD EMI BAL 2010 EOOD PETKOV & TASHEV EOOD TAGARA EOOD STELA 77 EOOD DELKA KICHEVA ET ZHECHO ZHECHEV ET ELIZABETH EDUARD EOOD KRONOS 2004 EOOD IVAN GEORGIEV FOKSI ET LOZENTO OOD GABI - GALABINKA LOZANOVA ET TEVA GRUP BULGARIA EOOD VELIKDEN-DETELIN PETKOV EOOD ET EDELVAYS MILEN TASHEV B UROFF EOOD DIMITROV-TSONEVA-DENCHO DIMITROV ET KEN AD MONI 26 EOOD YOLINA 0493 EOOD PLAMEN NIKOLOV-BLAGO-66 ET EDELVAIS - 77 EOOD GLOSTER OOD CIMA 99 OOD FATME CHAVDAROVA ET MERI LEND 2014 EOOD EKO MILK VIDIN EAD BIEZAL OOD KOLYO MITEV ET FRESH DEYRIZ OOD BYALA AKATSIA YOVKA STOYCHEVA ET SLADKAR - TODOR GRUDOV ET VILMA TANKULOVA SASHA ET WASH AND GOO - MC OOD NOU BAR OOD IPKO 1 INC EOOD DELFIM-35 EOOD K. V. N. - KOLYU NIKOLOV -STELA VELIKOVA ET ALEMIK EOOD AR TI DZHI 4 OOD MATEV PTITSI OOD RAMDEX FOOD EOOD YOVIS DONI M EOOD BOR CHVOR EOOD AI COMERS 2050 EOOD ABI 2015 EOOD AN - G 03 EOOD GYUZELEV-99 OOD SLAVIANKA AD MAGI KOM - 1 EOOD C.A.-1 EOOD SATKO OOD YANA 93 EOOD MELINA 2010 OOD MAJSTOR PEKAR VARNA OOD SPEV-49-PANAIOT PANAIOTOV ET BULGARPLOD SOFIA AD BULGAR DVOR OOD BIRSEN OSMANOVA - BIBI ET EKO ASORTI - TR EOOD BIODEN EOOD NACIONALNA DISTRIBUCIA KOMETA OOD GLOBAL COMMERCE OOD CHOKI - DANIELA TABAKOVA ET TIGAR MES OOD FOBOS EOOD FISH AND FISHERY PRODUCTS EOOD ORGANIK BG EOOD EVROPA 16 EOOD KRASIMIR SVRAKOV - PLANEKS ET DIAMONA-MARIA IVANOVA ET PEKARNA KRIS EOOD EOOD MONESTO 2016 EOOD DRAGANA ENTAPRAYZIS OOD SAYUZ - PLAMEN MITOV ET BULION EAD BETUL OOD KATIA - 0505 OOD TANO GRUP EOOD ECCO - F EAD TINO OOD N G BAKERY EOOD EVIPOL INGRADIENTI EOOD DIKONIS EOOD NINA - NAZMIE AKIFOVA ET ZARYA 2000 EAD SHAMI - SHABAN MUSTAFA ET NESINARDE EOOD PHITOPOLIS ECO OIL OOD TSUTSKA 93 EOOD EYNDZHAL 83 EOOD STEFANOV IVAN STEFANOV 04 EOOD ROKO NUTS EOOD BIOVIT EOOD A I G - GEORGI CHESHMEDZHIEV ET VIVA VALCHO VALCHEV ET MM KOMERS BG EOOD FURAJNI HRANY OOD MIO OOD BELLA 03 OOD STOUN MILS OOD OOD ITALFRUIT EOOD RUZHA 2011 OOD PADI EX EOOD TSENKA KIRCHEVA ET ALEKS-M - GOSPODIN GOSPODINOV ET MN PARTY OOD MARIVA FOOD SERVICE EOOD STYANKA ALEKSANDROVA-TANYA 91 ET AVEPHARM PRODUCTS OOD YORGO GOSHO DOYCHINOV ET KALI 98 EOOD BG FUUD SAPLAY OOD ET-VASILEVI 2017-LVANVASILEV ALEKS 83 - K D EOOD VALI - VALERI STOEV ET SPAS MARI VAS EOOD EOOD MLAMEL EOOD MEDIC TRADE EOOD SLAVYANI-BG80 EOOD ZET 1 OOD MEDINA KK OOD AGRO - OIL EOOD VEMI - 5 - VENCISLAV PETROV ET DJANI ERIK 2016 EOOD OYLIN EOOD STEFIYN EOOD MARITSA EKOFROUZE AD TZVETAN GORANOV - TZVETOGOR ET VESELINA TRADE EOOD CHEZ FEFE EOOD STERADI OOD MELI - 2014 EOOD NASKO D2016 EOOD FERNET EOOD OK & OL LLC EOOD MONESTO EOOD RADI - 1938 EOOD ROS MANAGEMENT GROUP EOOD MICHONI 50 OOD OLIVA 2007 EOOD BULFIN EOOD KRASI TREYD BG EOOD VIGIPEA PETAR TRIFONOV ET GEORGI IVANOV CHELSI ET FAMILIYA BALKANSKI OOD KARTAL SHEFKE MEHMED ET VASILENA OOD BIO VITAL TRADE OOD ANGEL UZUNOV KOPIR ET RUSTO 2017 EOOD EOOD INOVATSII PROTSESI PRODUKTI EOOD VALENTIN KARADAKOV-DANI ET KATRIN KO EOOD T I V STOYANKA DICHEVA ET CHOCOIDEA EOOD DESI 004 EOOD VIOLETA MANOLOVA ET MEYKING EOOD DETELINA BK EOOD DEVAS-N EOOD B & T OOD TIROL-P EOOD BLAGA BAB BLAGA EOOD YU E S KOMERS OOD BAYTSKAN EOOD ANDU OOD MASIVV 2017 OOD MY DREAMS VARNA OOD MILISA OOD ALEKS EMIN MURAD ET ZAHAREN KOMBINAT PLOVDIV AD VIBO OOD AUTHENTICA EOOD MAHANGO EOOD PROLET 06 OOD TEDIVA 2014 EOOD MIRELA 2000 YORDANKA STEFANOVA ET NATYURELIA 2016 EOOD ROZA - BISERA IVANOVA ET BEST KEYKS EOOD WLADI 100 EOOD JAPAN AGRI PRODUCTS EUROPE AD ASMP - IP D-R SOFIYA SAVOVA EOOD EOOD GERO GRUP 1 EOOD MIXXA EOOD ECOPRODUCT EOOD MILK GRUP EOOD ECOMILK - CO OOD ASTARTA FINIS OOD ELENA MIHTARSKA ET ANI GRUP EOOD TODOR KIRILOV ET BALGARSKA TRAPEZA OOD FIESTA 13 OOD A EM DZHI EOOD ADI GANKA PENCHEVA ET MAK - MEHMED KATARDZHYOLU ET SVETLIN MARKOV MARTI ET DAKSAR OOD GEORGI DONEV YORDANOV ET GROZDANKA DIMITROVA - MINGACHEVA ET BARIT N T G EOOD MARGOS - 2 OOD VIVA A & M OOD TONI-94 - PLAMEN CEKOV ET 19 SeeNews Industry Report

SIDEROV-A EOOD HLEBNA KASHTA HRISTOV OOD ARSENI KUMBAROV - ROSEN KUMBAROV - BULGARSKI YOGURT OOD ARSENI KUMBAROV ET RAY 2004 OOD SANDRYUSHA EOOD DANIEL - 96 - HRISTO ANGELOV ET DESSY CAKE EOOD SINANSKI OOD GRAND VICTORIA 2008 OOD MARQUISE FOODS OOD MITEV - 68 EOOD EATLITTLE BULGARIA EOOD KRASTEVI N OOD HEALTHY TREATS EOOD GEORGI SOTIROV MAESTRO DZHIORDZHIO ET VKUSNO BULGARIA - M EOOD GABI-TREYD-ILIYAN PARCHEV ET SOLTI - 85 EOOD SAN 7 EOOD DEA 2017 EOOD MASARLIEVI 88 EOOD ASTARTA OOD MARTI-2016 - MARTIN MITKOV ET GEYA - IVAN KALACHEV ET SEVI MILK EOOD SITI HLYAB EOOD DIVNA - BE EOOD EOOD GOLDY 2000 EOOD ARIBA EOOD AGROVIT OOD KRONOS OOD SAMVEL-1 OOD BREAD HOUSE OOD LA BAGET FABRIK OOD KIKO - 92 EOOD MONIKA VMGM EOOD VILIDZH BROD EOOD MARINELA SIMITCHIEVA ET VELIKOVI OOD VALNUTS EOOD STANI ANGEL NIKOLOV ET PEGE PENKA GINEVA ET ZARA TRADE 08 OOD ZARNENI HRANI V EOOD ATESH ALI TROKO ET VGH OOD EKSPRO 2018 EOOD EOOD GRIGOROVI OOD SYURPRIZ ANDREY NIKOLOV ET LEGAL VASIL HRISTOV ET PODPRAVKI KOM EOOD ALPIA - 2016 EOOD EVROTREYD 07 EOOD PANI 69 EOOD KONSERVNA FABRIKA PETRICH EOOD PEKARNA TRAKATA OOD ANI MARGA STEFANOVA ET FOOD SERVICE AND DRINK EOOD PILESHKI PRODUKTI EOOD ZEMYA I HLYAB - RILA EOOD REAL AGRO OOD VIP KOMERS OOD BABA I VNUTSI EOOD JAKLINA- JIVKA GEORGIEVA ET VJK - RODOPA NOVA ZAGORA EOOD SERAFIMOV EOOD DIMITAR PETKOV - VALDIRENE ET IS - 86 EOOD BRE D LAND OOD STOILOV-06 EOOD DIANA OOD DECHO 228 - APOSTOLOVI, S-IE GP VIENA STIL OOD HLYAB I HLEBNI IZDELIYA EOOD PIMEL FUDS EOOD POBEDA AD RUSKI PRODUKT OOD VICHO TANEV VICHEV ALEKS - ZLATKA ALEKSANDROVA ET BORISLAV BORISOV 1 ET EMOTONI EOOD EOOD KART ASF ALI ALI ET TRIFO 1 OOD SANIKA MID OOD TASHEV COMMERCIAL EOOD ZAHARNO PETLE GEORGI KOYCHEV GEORGIEV MELA KOMERS EOOD EOOD KATI 69 EOOD STILMAR IVANKA FRENSKA ET YOVKO RONKOV ET VALTIKA-TERA OOD IVO - KG EOOD AHIL - VASILEV OOD ZHEFA - FANKA KALAYDZHIEVA ET SLUFT ANET - ANETA LAZOVA ET NIVO BG OOD LAKASTA EOOD APOLON OOD MARINOV STEFAN PETROV ET STEFKA ASENOVA - STEFI ET OLIMPIA - 57 EOOD KRA SI EOOD KRAGO TREYD EOOD KIBO KIRIL PETKOV ET DEKADENS DIMITAR SHISHKOV ET ALMAR SEAFOOD AD MERDZHO - GYULSHEN MEHMED ET V I V 2002 EOOD BONDZHUK - IVAN HADZHIEV ET MARTIN - ATL EOOD DIK-98 EOOD KERPI EOOD EVTA 93 DENKA DIMITROVA ET DESY 92-DESISLAVA YOTOVA 1914 ET BOZMOV EOOD POUR TOI EOOD ADIKO 90 OOD HADZHO-65 - DOBROMIR HADZHIANGELOV ET AGROGARD YANKA SABANOVA ET MONITA OOD NIKOLAY STATEV STEYTKOM 13 ET KLAS KOMERS BG OOD LYUBOMIR PAVLOV - 89 ET HERON TRADE OOD DENTUR OOD EROL 67 LOLOVI I SIE SD ZARI-95-ILIA ILIEV ET IVAN DAVIDOV ET EMYKULINAR EOOD RADKO 08 EOOD GALYA ASENOVA-MURADO ET GABEN SVQT EOOD ROSI - RUSKA TRENDAFILOVA ET MDM 15 EOOD TSVETANKA ZAGORSKA ET NEVI NEVENA YAKUBOVA ET TANYA MINCHEVA ET FRUKTI EOOD MYU NAD OOD AGROELIT 1 OOD VELIANA 2016 EOOD TSVESTA 2001 - ANKA ATANASOVA ET D AND G HOME EOOD TRI MORETA EOOD NIKO-MILK OOD MEGAGRUP ABTISHEVI EOOD LIDIA MV DIMITAR MANCHEV ET ROSA 46 HRISTO YORDANOV ET TOSKA OOD ALINVEST 2014 OOD ZHEST VELKOVI EOOD SD-2017 EOOD GYUL DZZD BON EOOD MONASTIRSKO ZEMEDELSKO STOPANSTVO CHICHO CHARLI EOOD VALYON OOD EOOD PET PLYUS OOD MIABO OOD VALKO MARINOV - KALI EOOD FURNA LAZUR GRUP EOOD KSK KARAMFIL KADEV ET KVALITET - GINA STEFANOVA ET ZHITIN KLAS EOOD FURNA NOMAD EOOD VAZKRESENIE MARTIN ANGELOV ET HLEBNA PROMISHLENOST AD AVANGARD 79-81 OOD FURAZHI ELINA EOOD MILENA CHOLAKOVA 90 ET PETUKHOVY EOOD KARDU OOD AGRESIONE - KRASIMIRA ILKOVA ET INTERVIN 2012 EOOD EVROKONSERV EOOD ROZHEN MILK OOD GEORGI PETROV - KAMEN ET ALEKS 1977 EOOD HAPYBAKER OOD VOLEKS 2005 EOOD KAPODIMONTE EOOD KAFETERA EOOD ANGEL SARANDIEV 2010 EOOD ERA 2005 EOOD LUKERIA OOD KALEV 48 IVAN KALEV ET AIBILKAN EOOD MERONE-N EOOD EKAZHOR MASLAROVI SD NASI 17 EOOD EOOD FURNATA 2017 EOOD MUSTAN 2 OOD DANI - EL 66 EOOD EOOD BULAGROTREID-CHASTNA COMPANY EOOD KOLDRUM EOOD MAK FOOD EOOD GLOBAL AGRO BG OOD VAY LI OOD NETZA 85 EOOD GARDALOV EOOD RITON - 38 EOOD VALSTROI-69 EOOD ZARNENI HRANI AD NUR PILE EOOD EVMAR 2006 EOOD ALIKAN 2010 EOOD REGINA KOOP AGRI ITALY OOD VALIO - 2002 EOOD TOTAL VINI GR LYASKOVETS OOD TIN I MEGI - AYTIN SELIMOV ET BRIK-OP-OGNIAN PIRALKOV ET PAN 97 OOD MARIQ STEFANOVA ET DIMBAL TINKA BALKANSKA EOOD IZO - NEW EOOD IZVORITE SDI SAID DAUD IBRYAM ET DOVERIE 93 EOOD ORHANZA EOOD DI EM BAZA VARNA EOOD ZP SLAV IVANOV CHOLAKOV RANIMEKS R RANGEL SHISHKOV ET K END K - ATANASOV I ENCHEV GP GERMAN BULGARIAN BUSINESS GROUP OOD MIRELA KOSTADINOVA DIMOVA ET STANIMIR LUKAEV ET KAFE SALYUSHAN EOOD INKO-HRISTO ARABADGIEV EOOD KONSERVEN KOMBINAT MB OOD RADIKOM EOOD KUATRO DA BEST EOOD MECHO ALI ALIEV ET BANCHEV-STEFAN BANCHEV ET MITKOV GRUP EOOD KENA - G EOOD FIK FATME KARADZHOVA ET CONFIDENCE EOOD MARTINA KOMERS-IAVOR ENEV ET KOMBINIRANI FURAZHI MATEV OOD AGRIFORCE OOD FERONIA EOOD SIMID FOODS EOOD KONSUL OOD SARI JN OOD PART OOD DIO FOODS OOD REAKTIF KOMERS OOD NEWOIL AD EKOEX-M EOOD KARBAYO EOOD ANNA MARIYA - VANYA HANTOVA ET ADANIS OOD KALEYA SI DI OOD LANA MEL AD BROTHERS CORP OOD AMERS EOOD YOSIF BIKOV KAZANLASHKA BANITSA ET CHOCHKO HRISTOZOVI OOD 20 SeeNews Industry Report

HLEBOZAVOD RUSE 2 EOOD SOFIISKA BANICA OOD IVP PROFIT EOOD EDELVAYS 2003 EVGENI GENCHOV ET KOSI-90 - NIKOLAY KOVACHEV ET DIANA KEYK EOOD SIYAD OOD OOD MIROVOISKI EOOD MAKKENZI MARI PROPERTI OOD LUCHIA EOOD EMIL NIKOLOV ET MIHAELA NIKOL EOOD STIV - 74 EOOD FRIGO ENERGY OOD MAKENA - MARKO TASEV ET TOTEM - HRISTO HRISTOV ET SIMIT OOD KIVI - 57 EOOD PARTNERS 2013 EOOD GOOGOL FOOD EOOD BULPERLA - TSONKA KOSTOVA ET BENDIDA OOD VE-STROI OOD HADJIISKI I FAMILIA OOD MS 83 EOOD SLAVCHEV 89 EOOD EOOD KENDI HAUS OOD KRONBIS OOD IVELINA KOLEVA - BOZHIDAR ET VENI AND MAR EOOD VANKO 89 OOD DINKEL EOOD HELY 2001 EOOD ANDRA NIKOLINA ATANASOVA ET ELISA - BOGDANA BANCHEVA ET DANIELA - GANCHO GANEV ET PI AY 1 EOOD HIGH PROTEIN EOOD JUST MEET EOOD KOSTADIN HADJIMARGARITOV-KOMX-ANTONII HADJIMARGARITOV ET AGROKOMERS OOD KAIZER FRUKT OOD BORISLAVA 2012 EOOD HLEBOPROIZVODSTVO I SLADKARSTVO EOOD RADANCHEVA EOOD DIKS 54 - IVAN KERKELOV ET KOKI 2011 EOOD DENICA-NIS 2015 OOD ISMAIL CHAKAROV ET EPIRUS OOD OOD KROKI OOD RONI -4 EOOD THE MASTERS LARDER OOD DEO EOOD IVAN GARDEV - 52 ET OVO - BUL EOOD SIMKO 13 EOOD DZHORDZH 1-GALYA ALEKSANDROVA ET ET NADEZHDA 91 AD YOFORIA EOOD AYVAZ GALYA AYVAZOVA ET VLADIMIL 2008 EOOD 1001 TORTI NELI OOD BIDOR BOBI DOROSIEV ET VALKANOV 2015 OOD DETELIN PENKOV EOOD D & D DISTRIBUTION EOOD ANELIA VELINOVA - ROSA ET TRITE MECHKI EOOD ZAHARNA DEKORATSIA EOOD BAYRYAM 77 EOOD KODAG EOOD AGIS OOD KEMB - TARPANOVY - KOSTADIN STOYANOV ET MILFRED 2 EOOD TORFELLINI BULGARIA EOOD ZUZA I DIMO OOD P I V 2008 EOOD ELSTAR - 77 EOOD DAFALS EOOD DALNIP 2 EOOD HERMES NB EOOD BELLA - ALATINI AD FLORA KOLYO KOLEV ET MISTIK - 75 EOOD ROYAL KOLBAS AD PANDA - 08 OOD ZENAY 83 EOOD VEGA PLOVDIV EOOD NEDZI - KENAN REMZI ET DIVOSVIT OOD MONA-BG EOOD HELIOS 2002 OOD TRAKIYSKI FURAZH OOD DZH KONSULT EOOD NIKI 90 K OOD HRANA I ZDRAVE EOOD ELITMIX EOOD ALBENA INVEST 75 EOOD KIK IVAYLO PAUNOV EOOD LAKI STAR 2013 EOOD FRAT EOOD PLANTABUL OOD MELEK ASAN AJVAZ 0315 EOOD MESOKOMBINAT HASKOVO AD IKTO OOD TODOR POLIZOEV ET FERMATA OOD BRAND RK EOOD EMI RAY EOOD VICTORY FOOD EOOD PASHATA 75 EOOD SLAVI DANEV ET DIMITAR KRUMOV ET TEMPORA 10 SLAVCHO IVANOV ET MAXI CHICKEN OOD PLAMEN MANOV BORYANA 92 ET MLADOST 2016 EOOD SIRIYANA 2016 OOD NADEZHDA IN EOOD LINK NM OOD SURI - SVETOSLAV YULIEV ET SARAI EOOD GALINA 2001 EOOD KUVVET EOOD DAINTY EOOD TARANTULA 11 EOOD TIROL-R EOOD VITEKS-90 EOOD BORIMES OOD ZHITNA PERLA OOD DIDO DANAIL NIKOLOV ET FREDO 85 EOOD VIF KOMERS 1 EOOD GEID 2000 EOOD BOROLA OOD SVETLINA - IVAN STANILOV ET GRIYNSOLAR BG EOOD SLAVYANKA 86 BOYKO VOYVODOV ET BUNEX EOOD GRIYN HAUS BULGARIA OOD DOMAT PLC AD SWEET ART DESIGN OOD HLEBOKOMBINAT SUHINDOL EOOD MITKO MITEV - MMM-35 ET PAMI 2015 EOOD SHOPOV DIMITAR SHOPOV ET FITOLAB OOD DIMYAT EOOD VELICHKA PAPUKCHIEVA ET BIANIX EOOD MATSOLA - 2008 EOOD VEGA - BARZA ZAKUSKA EOOD IMPERIAL COMMERCE 1 EOOD KOSI M KOSTADINKA GEORGIEVA ET IDEAL PRODUCT OOD MAGDALENA ZDRAVCHEVA - ZVEZDITSA-92 ET ONDEAZ 2017 EOOD ALEKSANDROS OOD SILVA TERZIEVA EOOD EOOD FUKOTEKS VASILEV EOOD AGROPROTEIN EOOD NIKOL - TONI STAMENOV ET BELLA BULGARIA AD FIPS DOBRA DIMITROVA ET PODA VRASHNIKA EOOD DESPINA-9 - TEMENUZHKA RANGELOVA ET KLASANOVI EOOD ROSITA - G EOOD MIRA 1318 EOOD TIDI T T OOD GRIYN FUUD 71 EOOD CHAMPION - 52 EOOD BOSHNAKOV 09 EOOD VISTA-15 EOOD PARADINA PAVLINA KOVACHEVA ET KARINA 23 EOOD HLADILNA BAZA ZA DIVECHOVO MESO AD PAPIX EOOD IVAN DIMITROV 2001 ET AIDA 2011 EOOD ELEI EOOD JIMMY S ICE CREAM EOOD RADES EOOD NATACHA IVANOVA ET HOME BAKERY EOOD KRASI KRASIMIR YOSKOV ET GINKA PANAYOTOVA - 2009 ET ELTA GROUP EOOD ECO MILK EOOD NEFSE ASHIRK ET FELIZ-2-AM EOOD MELEK 33 EOOD BURGER MANIYA EOOD SAMI EOOD ELI TOMOVA 2015 EOOD ANITRA - 2013 EOOD ELEKTA 03 OOD PAVLOFF OOD EM VI EM 3 OOD ZHITENATA PITKA OOD TESI DZZD GUT DYO KANAR EOOD EOOD BUL - GER KOMPANI EOOD SANI KEJK EOOD LICHEV GENOV OOD KOSI ART EOOD BAKER HS EOOD ILIYA KOSTOV 2013 ET CHALAKA - NADA MIHAILOVA ET TIARA - LORA EOOD DETELINA 2007 EOOD DZZD CHIFLIKA REDIS VANGELOVI I SIE SD ASAI - M OOD MODES 2014 EOOD ZARNENI HRANI VIDIN 99 AD AMIGO GRUP - 12 EOOD ATILA GROUP BULGARIA OOD CROISSANT ET CHOCOLAT OOD A SIMEONOV EOOD MADARA TREYDING KOOPERATSIYA PIRANI 2 EOOD POLIS - SLAVCHO MADANSKI ET SWEET BAKERY OOD LIGURIA 2 OOD SEVGIN 84 SEBAYTIN SADAK ET GALA N EOOD POPIMONI 2010 EOOD APIMEL ORGANIC OOD VELICHKA KAFKOVA-TARTALETI ET BEST FRESH FOOD R EOOD PINADE EOOD FORI PLUS - 89 H HRISTOV EOOD FARST GRUP OOD STROUBERI GRUP EOOD KOPTREYD EOOD MILINKOVI EOOD EOOD STARIA OREH - IRFAN CHANAK ET ROZI- ROZA GEORGIEVA ET VID DIMITAR IVANOV ET VIVERA AT OOD SAMI RIHAT GALIBOV ET PERFETTA EOOD ROLES MILK OOD BISMAR-T EOOD BUNI OOD DAR 01 OOD BENELI EOOD STRABEX EOOD 5 OCLOCK OOD KREMI - ASYA SHINEVA ET SIM KOMERS OOD FONFON OOD LYUMAKS LYUMAN LYUMANOV ET DENI - SVEL EOOD EOOD ZLATEN LACH OOD ZOROV-97 OOD SACHI AD PSM FISH OOD AST POPCORN OOD 21 SeeNews Industry Report

EVELIN FUUDS EOOD MODICA BG EOOD HADZHIEVA 3 EOOD VASIL ZARKOV ET MOINO UZUNOV ET KAROV 63 OOD NEDEYA NN EOOD MEDANI EOOD HEKTOR 2017 EOOD EOOD REGEL 66 ALEKSANDAR SIMEONOV ET MERINA 1 EOOD FLABURI OOD AYKO & DOYCHO EOOD K E M DZZD VINPROM DUPNITSA AD ORHIDEYA EOOD KONDOV ECOPRODUCTION EOOD NORA AS 2013 EOOD FISHERY 2009 OOD ALPINA 6874 EOOD AYDAR SIMEON SIMEONOV ET ZENI-MUR EOOD TO-VI EOOD MIRAD-1 EOOD BONITREKS NASKO BONCHEV ET GERI 87 RADKA VASILEVA ET PLAMEN GANCHEV ET PATSAROK 16 EOOD MILI EM OOD ORGANIK SUPERFUUDS OOD OOD STRUMA FRUIT EOOD VENETSIA DZZD ERMASKA OOD VENIAN - VENETA STEFANOVA ET VAM TRADING OOD ZENIKA EOOD KASKADA 2016 OOD GLOBUL FOODS EOOD POLIFRUKT OOD PLASTIKA 85 - NENKO RADEV ET STOKSI OOD IVAGUS EOOD GEORGI TASLAKOV EOOD NEVAL YUSEIN ET RUSKA KUHNYA OOD POLI 98 POLYA STOEVA ET SEVGI ZV EOOD SIMID A I D OOD DELBI EOOD SOIAVIT OOD PIG-BREEDING ASSOCIATION OOD NATALI-YULIYANA TOMOVA ET SEVI-S EOOD DIDO - POLI EOOD REZON IM GABROVSKI I SIE SD LIMERA - GIP EOOD EOOD AY BI BOYKO IVANOV ET STANISLAVA VALKOVA EOOD TI ES EY- 2000 EOOD EOOD STARITE MAISTORI 92 EOOD BOREKS OOD NANI-MARIYA 2014 - BEYKO ADZHOV ET ECO BULSTANDART EOOD VALE 1 OOD KAKANDI-SIYKA ANGELOVA ET DANI 80 - DANIEL GEORGIEV EOOD EKO KLAS GRUP EOOD GOLYAMA MELNITSA - CHERVEN BRYAG OOD VALENTIN DIMITROV 55 ET SIKRA EOOD RADOSTIN DIMITROV MILCHEV IVAN MILACHKOV GALBIK ET EKSTRA FRUT EOOD EDELVAYS - PETAR YOVEV PETROV ET SIYANA HLYAB EOOD SUNFLAURS BG PRODUKT OOD GYULYAY - SHASINE ISMAILOVA ET ROSI - VENTSISLAV RANGELOV ET BRIOGEN TREYDING EOOD EOOD NIKI - 9 EOOD BOGO INVEST EOOD EURO GRIL 2000 EOOD KALEVI OOD YADKI DOBREV EOOD KITON 09 EOOD ANDZHO EOOD YAVOR KRASTEV ET SEVERNYAK - 91 - STEFKA ATANASOVA ET DIKAVENI EOOD TRUST AGRO EOOD TREYDING PRODZHEKTS END BILDING EOOD GERGANA I SIN 5 EOOD BACI DOLCI EOOD V I M PRODUCTION OOD SWEET SHOP -LTD OOD ZHAR MESO I MESNI PRODUKTI EOOD MARIA GENEVA ET SVETOSLAV LILOVSKI EOOD FENSTIKO - AGN EOOD DESITA 7881 EOOD NAZA 2016 EOOD A E A OOD ZDRAVETS 2000 DANIEL ANGELOV ET AYSAM EOOD LOZEV EOOD OLIVA INVEST EOOD HRISTIANA R76 EOOD BALKAN GRILL BG OOD MIRO MES EOOD TROFI EM OOD ATIDZHE MEHMED 84 ET MIROSLAV EFTENOV MARIA EFTENOVA ET MANILI SOLE-OWNER LLC EOOD KOMO EOOD YUNGA 76 EOOD ILIANA 58 EOOD NIKOLA BUSHEV - 2001 ET RADULOV 2012 EOOD AGORA MEAT EOOD ASEN 1-GIZEM EOOD KET 2016 EOOD INSTANT FOOD EOOD LUCKY-M 2012 EOOD KALI - DOBRINISHTE OOD IVAN LUKOV ET CHEH MANDRA EOOD TRAKIETS KOMERS OOD AVIS EOOD NAYDENOV MG EOOD ILIKEYK EOOD EOOD BLYAK SIY INTERNESHANAL OOD VAROSHA EOOD VODOLEY 2002 EOOD SITIFUUD EOOD AUDIO-VIDEO-TOCHKOVI I SIE GP BIANCHI COFFEE EOOD FORTUNA - ROBERTO EOOD KIB AGRO EOOD GIVEC 44 OOD MERI MEL 71 EOOD SAMARDZHIEVI OOD MAX MEL EOOD ZORA - 2015 EOOD GEORGI TONCHEV I S-IE EOOD CHINO - NIKOLAI CHINOVSKI ET ROMB AD STANKO RADANOV 2011 EOOD RUMYANKA MINKOVA - MURSALITSA ET 3 STAR TREYDING EOOD BRATYA HLEBARI OOD GEORGI DOSEV IZMIRLIEV PAVLINA MATEEVA ET DANIM 96 EOOD ZAFIRA-BEN OOD MIRTA MEDIKUS EOOD NIKOLAI DRAGIEVSKI - NIKI ET GEORGI MINCHEV - GEORAD 99 EOOD I - B - T 2012 EOOD VIOLETA DIMOVA-2013 ET SLAVA-67-RUMEN DIMITROV ET K N M EOOD SVETI NIKOLA EOOD ARKTUR GRUP 2 EOOD ANI VES EOOD LOTELA OOD MELKOM OOD ABI TRADE 2014 EOOD SERGEI HADJIEV-DIKO ET STEISI 2017 EOOD GOLD TAYMS 1 EOOD MONEO 94 EOOD VICTORIA 80-83 EOOD KALINA VIB 13 EOOD GUYTEK OLIVA OOD KOMIS OOD DAY AND NIGHT OOD HLIAB EKOMEK EOOD DARKO EAD ZHITKO EOOD EOOD SIRMA PRISTA AD DIONEL OOD AVENTO REY OOD DANI SUROVA OOD AMAZON PLYUS EOOD KOMEKSIM MM EOOD YANA - І - DIMITAR DIMITROV ET ROZOVA DOLINA - ZYULFIKYAR ASAN ET ICE ECO FRUIT OOD LYUBEN KOTSEV ET DIG-2005 EOOD DIAVENA OOD EKO ASORTI YB EOOD KATRIN RUMEN TODOROV EOOD HAYD EOOD GELOV EOOD MITI 01 EOOD GYUN-80-AY EOOD EVROMES 2012 EOOD LATONA-90-ZHIVKA HRISTOVA ET DIK - 2000 OOD IZO 2007 EOOD MLEKOPRERABOTVATELNA KOOPERATSIA BALTOV 94 OOD S DOBRO EOOD RODOPA MILK KOOP STONI 77 OOD FAVAN 07 EOOD RADOST 77 EOOD AHMED YUSUF - 2 ET ROMANS - ANNA GEORGIEVA ET RAVIK D EOOD BLEK SIY SNAKS OOD LADYTA EOOD SALEX GROUP OOD RODEMAR 13 RADOSTIN MIHAYLOV ET ALVED 2013 MIROSLAV FILIPOV ET VANILLA AND CHOCOLATE EOOD ATANASOVI 2017 EOOD SVM MEBEL OOD DZHI EN TI TREIDING OOD BRAMA OOD ZHIVKOVI OOD BCC EOOD VAYDONI EOOD I TRAKIOTISA EOOD NIMFA GENCHEV GENCHEVA SD VOYNOV I S IE SD BULMES GROUP EOOD ELIT MILK 2000 OOD GOLDAN FUUDS 2015 EOOD BURGAS HLYAB MK OOD TERZIEV DD EOOD EKSKLUZIV-KALIN EOOD PANICHISHTE 2015 EOOD HLEBMASH COMMERS 95 AD GOLKOM OOD DANUBE FRUIT OOD SUGAR PRO EOOD DETELINA NUTS EOOD KONDAKOVI MS S IE SD PIMI OOD MAK - OIL -2 EOOD SLADOLEDENA FABRIKA EOOD NEYCHO GRACHKI ET MAVISH OOD DEVA 9 SISI 11 EOOD DELTA INDUSTRY AD MAYRD OOD MILAS - 2014 EOOD DIDKO-90 - DIYAN NEDELCHEV ET CHRISI 87 EOOD NIA NIKOLINA ATANASOVA EOOD ITAL FOOD EAD EKO BALKAN EOOD EURO MEAT AND MILK EOOD DAS 70 EOOD SOFI-HALMI KEDIKOLU ET VALENTINO EOOD DEYAN - DEYAN STAMENOV ET IVAN KUMANOV ET TERI M EOOD ELANIYA EOOD EOOD 22 SeeNews Industry Report

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BUL TAT EOOD AGROMARKET INTERNATIONAL OOD YUG 1 EOOD PALASHTUROVA VYARKA PALASHTUROVA ET IOSSA EOOD ROSEN - S EOOD MALINA TZVETKOVA - 99 ET ATLANTIS 2012 EOOD EKOBIOMED EOOD DAIRY FOOD BULGARIACORP. 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STOYCHO PEEV PEEV DM ET MARINO BULGARIA EOOD MERIAM - 95 OOD GORAN LUBENOVSKI - NIKI ET VANYA - 2004 EOOD IVAILA - 07 EOOD BER-NA 98 - SHENER HASAN ET ALEKS ALEKSANDAR KOLEV ET MAKAM 2001 EOOD AQUABAR OOD SAIMEKS 97 OOD ARKTUR GRUP EOOD DI AY TREYD 1 EOOD KRIYM LAYN BULGARIA EOOD MONIKA-SIMEON SPASOV ET IVAN VYCHEV 1 EOOD BILIANA MES EOOD VAS EOOD FURAZHI NEDELEVO EOOD DAZZLING DANIEL EOOD PAPISTO OOD VASYA-VASILKA FILCHEVA ET VENTURI AGRO EOOD KREM KARAMEL OOD AYUTA AY EOOD ANGEL RANGELOV 2016 EOOD KRIANDA PRES EOOD ANNA MARIA 2000 EOOD PALDIN FUUDS OOD MARTI - 5000 OOD CHANDRA EOOD MIRTEKS EOOD ALI ISLYAMOV ET BOLYARSKA BANITSA EOOD POLI 721 - PAVLINA LASKOVA ET FINES 2 EOOD GOGI KOMERS EOOD PLANET CAKES PATISSERIE OOD KRASI 76 KRASIMIR VASILEV ET ZENIT 13 M OOD MEDVEN-HRISTO HRISTOV ET ET GUNTER - 11 EOOD ELIS 99 EOOD NEDAN KATINA DEMIREVA ET TAK KO 06 EOOD EOOD ZVEZDA K97 AD AMAREL BULGARIA EOOD SEYFI EOOD P I K EOOD MAG - MARIYANA CHAUSHEVA ET C - SERVICES OOD TAKE A CAKE OOD KANTEKS BULGARIA OOD TRAYANA - PAVLINA MIHAILOVA ET MEDINA EOOD MILETE EOOD BERY 2007 OOD MATADOR 2011 EOOD UNITEMP EOOD MECHO - FANI EOOD ATK AGRO OOD MPP - IKAY OOD MIKI - KINKA NIKOLOVA ET ABM PRODUCTION EOOD SLAVYANKA EAD ZELENA FERMA EOOD DITTA 2008 OOD BORSA EOOD SHISHKOV 85 EOOD ATM-69 EOOD ANDZHEL 17 OOD GVL TRADING OOD AVISPAL OOD VANDI - BADOVSKA-PEHLEVA VANDA MARIANA MALINA 2010 INDZHOV EOOD STEVI LM OOD ET REKLAMA - SPASOV I S-IE OOD JO INTERNATIONAL EOOD GREEN POINT PRODJECT EOOD AVALON VRDGIN AD BONI-85 - MEHMED MEHMEDOV ET CHOCHO 99 EOOD BONIK - 91 EOOD PANADERIYA EOOD OOD MAKSI GOLD 5 IVIL 2015 EOOD CHOBANOVI 2013 EOOD TASHINA TODOR MITREV ET NIKOM EOOD P.D.D. 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PALOMA KOMERS OOD LENOKS FROUZAN FUUD OOD STRAHIL GRUEV - KALINA ET ADI SHTARBEVI EOOD TOP BISKIT OOD STEFAN SIMEONOV DENEV NYU BEYKARI OOD DANIMIR - MILEN MIHAYLOV ET MD-2 EOOD BIY HEPI SUPERFUUDS OOD GOERGI CHAPKANOV 85 EOOD 4M SWEET EOOD MANUELA I ASEN - ASEN HADZHIEV ET DZHOVO EOOD EMERES OOD YANTAR-T - TOTYO MECHKAROV ET DALIVI EOOD MOTRISA EOOD KARMES OOD GRETA 3000 EOOD BANOV FRESH EOOD AVIS-17 EOOD EOOD FINIDI EOOD MUTAFCHIEV 57 EOOD ESPERO BG EOOD PASTA M& P OOD BORKATI EOOD S SHTIPKA SOL OOD ARZU-HALID SALI ET IVANOV OLGA IVANOVA ET RAF 16 EOOD TIAR EOOD MARIGOLD FUUD OOD ZAHAREN PAMUK OOD SANTA FE BG EOOD HRISLAV EOOD DJANI - FADUL MUSTAFOV ET BARTOL AD DNK - MERICHLERI OOD DIEN EVERGREEN OOD SINERGON INVEST OOD KOREKT-89 EOOD AYSEL AYSEL KODZHAYUMER ET ALAN SNAK TEH EOOD IVETTA EOOD EOOD KROKANTINA OOD ZORNITSA COMMERCE OOD ERIS FUUD EOOD GAIDA- 2002 EOOD MEMO OOD GITA BG EOOD SEYSAMIRING EOOD PRESTO HRAN EOOD SISTERS ATANASOVI OOD DIRA 2014 EOOD ELIVA EOOD VALKOVI 2014 EOOD BEYKARS STANDARD EOOD GOURMET CATERING ORION EOOD AGROKOMERS VIB EOOD GEBI 2015 EOOD LEADING EOOD BEYKARI 09 EOOD MARITSA-S AD KENI-97 - MARIYA BOZUKOVA ET DESIMA 2013 OOD SHAHIN 01 EOOD KATYA AND CARRIE PRODUCTION OOD GM BAKARIES OOD KRYMATA-KOMERS EOOD DZHONI NEYKO IVANOV ET KIB 2010 EOOD EL DZHI PI EOOD MIRELI - 49 - ALEKO KOVACHEV ET ET COOKIE MONSTER EOOD DUKE DOMINION OOD KLANITSA MERKEZ OOD RENATA NT OOD EL - KA KADEVI EOOD KALUFRUCT PRODUCTION OOD AZMI HASAN 50 EOOD ELI - NIKOLA DUZOV ET IV-BO GRUP OOD AFRODITA - STOYAN ANGELOV - ATANASKA ANGELOVA ET LORA 2007 EOOD VALENTINO-VALFUNGI OOD GORNOORYAHOVSKA SKARA OOD DELFINA EOOD ANDREON - ANGEL ANGELOV ET SLADKA FIESTA OOD NUR FURAZHI EOOD AGI 1 OOD TEMPO M OOD HARNA PEKARNA EOOD TYAKOVE-GP-4 - TYANKA PAVLOVA ET KANDI S.A. OOD B I S YAMBOL EOOD N END S - NBG EOOD EOOD NASLADA 12 EOOD DARIMEX 98 EOOD SARACHEV CONSULT EOOD DIGANT - DIMITROV I GRIGOROV SD PIO GRUP OOD NEKTAR AD APOLON 69 EOOD S V M B EOOD TUYNS-84 OOD OOD GRETI-MARIETA BATACHEVA ET FAVORITE MILK EOOD M I M EOOD IVANET EOOD YANE ZOYKOV ET ELI-ISAK 2017 EOOD EOOD HADZHIKOSTOVI OOD OAZIS EOOD ASTONA EOOD ZAIRA-Z Z EOOD BALKANSKI ISKREN BAKIEV ET BREAD LOGISTIC EOOD EXQ - EXQUISITE FOOD PRODUCTS EOOD BONMIX EOOD IVA-89 - IVANKA GEORGIEVA ET PA EM2013 EOOD PALAZA EOOD RAMIRA OOD AVICHERRIES EOOD DIKSI EOOD ALADA MOHAMED BANASHAK ET KULINART OOD INIKS - TODOROVI OOD KARMENITA OOD SIANA HLYAB 2 EOOD RUMYIANA BOGDANOVA EOOD ROBAK OOD AIDA 8 EOOD ZAHARNO PETLE - KIBAROVI I SIE GP IVANKA ARABADZHIEVA ET INTERFUD SALYUSHAN EOOD KOLEV 44 EOOD AYCHA 2015 EOOD MES CO EOOD IVETA CHERVENKOVA ET KUMIR-SI EOOD IVE 68 OOD STRANDJA PACK EOOD GITEN KLAS-EVGENI SIMEONOV ET PRAGA SEMERDZHIEV I SIE SD SIGRUP - 2001 EOOD EOOD KONEX-TIVA AD NIKI NYU EOOD NIKO 33 EOOD TODOR NESHKOV ET LOTOS OOD MEAT PRODUCTS T EOOD ANYMART - 81 EOOD NOVA SERDIKA DOBRICH EAD EMILIYA NACHEVA - DIANA 10 ET TROYANSKA SKARA OOD MANILI - PETAR PETROV ET LAURUS 22 EOOD KATI STIL 3 EOOD AM COMPANY OOD IMADZHINE EOOD TEKSAS 89 EOOD ADAMES EOOD RUTSI RUMEN KONSTANTINOV STOICHKOV ET ORGANIK ARONIA OOD FURNA BG EOOD BOROIMPEKS AD FISHCOM OOD JIVKO IVANOV 2000 EOOD SHERI 76 EOOD DOBROTICH - STEFAN HRISTOV ET HAKI - ULVIE MEHMEDOVA ET DIKO 68 EOOD ROKSOS EOOD NESEBAR FISH EOOD ASHKOM -NIKOLAEV EOOD EVA 98 EOOD DECHKOV 60 EOOD AI EKS AI DJI OOD BRED INVEST EOOD DOBI INVEST № 86 EOOD RAD-MAR OOD TURITA AD DE - EV 2008 EOOD ZORNICA-IG 2009 OOD MIMS METODI DENCHEV ET ERKIN - ERKIN ENVER ET ALASKA OOD MISHOV-92 EOOD DOBREV OOD NVN BILKI ZA KRASOTA I ZDRAVE OOD B 16 EOOD YOTOVI OOD ANGEL HUBENOV 82 OOD HRISI-97 - IVANKA KARABOBRVA ET FLOUR MILL NIKOLA PANAYOTOV OOD YUGOPLOD AD MILENA MLADENOVA 02 ET VIKRIS NURAN KARAGYOZYAN ET NATURAL NUTRITION COMPANY OOD TRI KRAGA OOD BRIMEX EOOD NAZ - 78 OOD ALEV 2009 EOOD TSVETI KOMERS 2016 EOOD GABRIELA EOOD TOMI 2000 TOMA TOMOV ET NV GRUP 88 OOD SLADKI IZKUSHENIA EOOD JLP EOOD AMEVA EUROPE AD SABINA SEBAHAT DERVISHEVA ET BORSA ZA PODPRAVKI EOOD VADENI EOOD TITONI 11 EOOD KRASIMIR MARINOV 2012 EOOD NIGOR GOSPODINOVI OOD BAKERIES SIMID 92 EOOD REYA-FISH EOOD ASTA MILK EOOD BRATJA ZAFIROVI OOD ALEKSANDROS -2010 OOD TARNOVO MES EOOD RAMI 56 91 RAMADAN S IE SD PRIMA FOODS AD LACTENA OOD BORIS GEORGIEV- BOBI 2011 ET HIKARI KIRIL TRICHKOV DIANA TRICHKOVA ET CHAYKA 5 PETRANA ZAHARINOVA ET FITOPOLIS OIL EKO OOD MILENA 18 EOOD AHMED BOSHNAKOV ET BOVERA - IVANKA BOSHNAKOVA ET LACHO - TSVETALIN NIKOLOV ET HLEBOPROIZVODSTVO KARDZHALI OOD PLEVEN MES OOD O SKARI OOD MELNICHNO FURAZHEN KOMPLEKS ZIMNITSA DECRIN EOOD IPEK TEZDZHAN MUHSIN ET FAST BG EOOD EOOD PROFARM GRUP OOD DEMETRA VLADIMIR TIHOV ET TONCHEV DIMITAR TONCHEV ET POLIDES - PAVLINA IVANOVA ET ARIEL FISH OOD IMPULS-YUSUF SADUL ET MM - 2007 OOD ELITSA 2002 E KAYA OOD ICE 85 EOOD YOSKO KOLEV - 56 ET ZEMYATA NA TRAKITE OOD KIV KOMERS OOD SEVI - ANELIYA ILIEVA ET MILINA 90 OOD SIULEIMANA TRADING OOD MLECHEN HIT EOOD M PROPARTI EOOD EOOD 27 SeeNews Industry Report

NESTLE BULGARIA AD HETTRIK OOD DAIRY PRODUCTS EOOD DON BATON OOD ZERO OOD ANGEL MOSKOV ET SISKA I KRASKO EOOD KUBA - LIUBOMIR PRANAROV ET SINELI 2002 EOOD BEL RUSE OOD SUGARLESS EOOD TSVETELINA CHILINGIROVA ET RAZTSVET-RDP - TSVYATKO SAMODIVEKOV ET KETI-2001 EOOD NENOVI MS EOOD EOOD PRIMA VESELIN VASILEV ET GALINA 80 EOOD ALEXSIOPOL OOD FIRST COMERSE EOOD FONICO - S OOD BEST FRUITS EOOD SLAVYANI YAMBOL OOD ALEKSIS 11 EOOD DESI 92 EOOD VASYA IVAN DINEV ET GAVRIL 2002 EOOD SABI-MARIYA – SABRITASH PETKOV ET ET ADI EOOD KEKOV I KO 2015 EOOD LADITE LYVOVE- BAKALOV EOOD MASTER BATCHARS BULGARIA EOOD AHAT - RP EOOD SADINA PLANT OOD DANIZO OOD KAYRYAKOVI OOD VITALINA 2006 OOD UNITED MILK COMPANY EAD NIKI TAYM EOOD ZLATKA DIMITROVA ET STENLI EOOD NAYLE CHAVDAROVA EOOD REYA OOD KATERINI 61 EOOD TORNADO COMMERCE OOD BULGAR LUK OOD TEDI 91 05 EOOD NELI PRINCESS & CO EOOD BAKERS OOD MAY 2003 S EOOD ALEMIT OOD STEFANI-1 EOOD RYUVEYDE CHOLAK ET CHERKEZOV I SIN EOOD DONIKA 1 - DONIKA BOJKOVA ET LOZANA 62 EOOD TEDI - IVAN YOTOV ET ZORNITSA VASKA DIMITROVA SOLAKOVA ET CREMIO EAD SHARKON EOOD ADISAN EOOD MEDITERRANEAN FOOD SERVICE EOOD MILK AGRO FUUDS OOD TERZI OOD YAN I ZAR ZHENYA GEORGIEVA ET ELISA 74 OOD IVIYA 8 EOOD DI EN SI OOD BULRAN EOOD RALICA OOD YANI YANA KOSTADINOVA ET STEFANI - 19 EOOD BRIOGEN OOD BUSEM EOOD BELIMAX OOD SAYMANS ATANAS SIMEONOV ET FURAJEN CEH MALEVO OOD BORIS TRETI OOD SHENOL - FATME SELIM ET SOFIA BREAD OOD ORIZARNA PAZARDJIK OOD IPP - IVAN PETROV EOOD NASLADA VALENTIN STOYCHEV ET ALEXANDROV - P EOOD EKSELIS HRANI EOOD YULI 11 EOOD MARSHAL 91 OOD YOANA VIP EOOD MIHAIL VALKANOV 2014 EOOD ILYO MILCHEV YAVOR MILCHOV ET ZAKUSKI VALIA - VALENTINA KARADIMOVA ET DELTA 98 EOOD EKO ASORTI 05 EOOD MESARITE VN EOOD LONDEZA EOOD VESELINA 80 EOOD TONI-2006 - ASEN KIRYAKOV ET DISTIN EOOD VESI KALAMARYAN EOOD K I F SOFIA OOD ADENIS - 2010 EOOD VM BEYKAR EOOD JULLY EXPRESS EOOD MARIAN 2000 EOOD RODOPSKA ZAKUSKA EOOD PANERA FUDS EOOD SILVA MLADENOVA- SILVI ET DOBREV TRADE OOD RADENKOV 2016 EOOD FURNA STANKOV OOD TRITIKUM 2015 OOD VALENTINO 79 - VALENTIN JORDANOV ET VIP SIMERS GROUP OOD CHICKEN GROUP OOD VIKI DANIEL ENCHEV ET TRANDEVI EOOD GOBI VALETING EOOD VENETSIA EOOD DEREK OOD NAYDEN KRAKOVSKI KARK NA ET DIAMANT - 93 EOOD MOPSET OOD GAYO SHOKOLAD OOD DREAM CAKES EOOD ANANIEV - RODOPI 19 EOOD MULTIMES GROUP OOD FITTO OOD EMIN IBRYAM - VILDAN EMIN ET SABCHO BALKANSKI-MELODIA ET VETIADI EOOD SKALMEKS EOOD ALTO - EMIL PETROV ET MELISA OOD STANCHO KOLEV EOOD INSTANT OOD KENI NUTS OOD ROO BRANDS EOOD FURAJEN ZAVOD OOD MESPRODUKT ROGOSH EOOD KIROV- MITKO KOSTADINOV ET SLADAK RAI - 2012 EOOD LINKA OOD OLIMPOS 99 OOD BENI EM EOOD IDEAL KOMERS ADNAN MOHSEN ET AYDEMO GYULSHEN EHLIMAN ET SHTIPKA SHTASTIE EOOD DN I TN OOD HLEBNI I SLADKARSKI IZDELIA EOOD FORI 69 EOOD MILASHKI EOOD ELVAN 2010 EOOD ORHANIE MEET EOOD LAVITSATA EOOD GAL-2005 EOOD POLIDEY - 2 OOD RITURN EOOD SALVACARO EOOD STOYA HRISTOVA-KARADESI ET DARZALA 27 EOOD BAKE AND TAKE EOOD 5040 OOD BULGARIAN STEVIA EOOD ALEKS ESDI OOD KARANASHEVI EOOD MESKOM SOFIA EAD VESTA 2020 OOD BOGEY - 2015 EOOD ROKA CO OOD SYUDA - ASEN DIMITROV ET SLICE 2017 EOOD SANI KONS TODOROVI AND CO SD NHH NERGYUZE HATIB ET JELEV - 96 EOOD MERKURIY 2000 OOD SEVERIN DT EOOD KRASI 2013 EOOD VIOLETA-2013 EOOD T& D 2016 EOOD LEONARDO DZHELATO ITALIANO EOOD RIKOS EOOD IVTAN DIMOVA DIMOV I SIE SD VALSOF OOD HARI 64 EOOD AGROPAKET EOOD GRADUS-3 AD VASIL TRENCHEV - MAKEDONIYA ET SKORPION 21 OOD BALGARSKA ZAHAR AD DELIKATES 2 OOD NENOVI OOD SUPEREGA EOOD BUVEL - STOYAN BUHOV ET DAIRI PRODUCTS LESIDREN EOOD INIKOM EOOD HONER S EOOD ILIYA LINCHEV ET PARTNYORI-2001 AD VALNEVI OOD KITE 2017 EOOD JACOBS DOUWE EGBERTS OPS BG EOOD YANI - ANI EOOD EOOD YAGUAR L B EOOD BOLSHANS 5 EOOD TSVETI 99 EOOD ALMANSKI OOD MAYA - 5 EOOD FRESH LAYF EOOD BIONIA EOOD VIDIN RUDARSKI ET ORGANIC LAND CORPORATION EOOD YOMI SZHS EOOD ALEKSIEV - ALEKSI IVDNOV ALEKSIEV ET MICROART 7 OOD ADMIRAL 2017 EOOD EOOD RAZPOPOV - STOYCHO RAZPOPOV ET PLEVENSKI BANITSI OOD DOYCHO 2016 EOOD DION OOD GITAN - N P EOOD PEROLA - MARKRIT KARLOVSKA ET IZI 2016 EOOD KRIS - MONTANA EOOD ALEKSANDRA I MADLEN OOD ER DJI 2011 EOOD VIKTORIANA BYALA OOD BIOMILK BORINO EOOD ZLATNA IABALKA OOD V ENGINE EOOD PRELYUD - 13 OOD MEDIVA - DIANA STOYANOVA ET DONIDO MILK OOD DOIT OOD SIRIUS 2D EOOD A - JAR OOD NIKRONA EOOD TEMPO EOOD NAZI 2009 - NAZIFE ADEM EOOD MEGATRON - D EOOD DZZD STOYANOVI VBAND INDUSTRIES EOOD KRISTIYAN-IV-KRASTINKA KOLEVA ET STIL - EA EOOD MIMOZA 22 EOOD SVETLANA 99 EOOD MIGO 2017 EOOD PAOLITA 18 EOOD STOYANKA DIMOVA 2003 ET SEA FOOD EOOD MISTAR IVAS EOOD OVI & SARI OOD HARUMI EOOD BAYFA AD RUDI RUMEN RADUKANOV ET SEZGIN ABDURAHIM OOD TEA - 2003 EOOD VALIO-81-IVAN DIMITROV ET MARITZA OLIO AD DANELI 2000 OOD BULDRAINIM OOD BALKAM AD PETRA PETRANA FILIPOVA ET 28 SeeNews Industry Report

AGRINDO EOOD SENIORITA - KRASI - TSVETANKA TOSHMAKOVA SASHO NAYDENOV - SECHKO 2 ET LEVMEL - 13 EOOD ET ROMANS - RUMEN GEORGIEV ET KOKONI OOD NIKI FIRST-NIKOLAY TODOROV ET ANET AHMED CHAUSH ET DEL GOS OOD IV - MES EOOD LAVENDER OOD ERSAN OOD MOYA GROUP OOD AI - FI - 10 EOOD LINAPEK EOOD M I G 2 OOD NEVI - 76 EOOD DGI-SUITI EOOD NOLEV EOOD DOLI - ALEKSI ALEKSIEV ET SLUNCHEV NAR EOOD TREST B DISTRIBUTION AD PARAPINA-TODOR VULKOV 1 OOD OGI 99 EOOD ANIKO BG EOOD SWEET WAY OOD AGROSORT EOOD MILMEX OOD VESPADO I SINOVE EOOD STEFCHO 04 EOOD PEYCHO PEYKOV - ATLA MARIYA ET SIMIS FUUD 2014 EOOD AVIANA FATIME GALENOVA ET NIK-96-NIKOLAY ROBOV ET MELNITSA SLIVEN - 2003 OOD CHAKIS KOFI ROUSTARI OOD TATYANA KIRILOVA - TED ET BIOPROTEKT 1 EOOD IZIEN EOOD NIKI NIKOLETA GAYTANDZHIEVA ET PMD PROFILI EOOD KOSTADIN GEBRELIEV - GEBI ET KRASIMIRA BOLYOVSKA ET ELIA - 2100 EOOD 100 LETA OOD NIKOL 2011 EOOD MEG 59 EOOD BENSA MILK EOOD EST TREYD EOOD PASTRY - NELLI EOOD SIGMEN MILK EOOD PASTILI OOD KRIBI - N EOOD MILK 3 EOOD SHAHSINE SAPUNDZHI ET PETRANA VASILEVA ET ECOPROD OOD MUUN LAYT-D.SH.D. OOD MADINELIA EOOD ELIGE EOOD BORNIK - BORISLAV GENCHEV ET SLAYT - 81 EOOD MONSI 52 EOOD BILYANA-LAZAR LAZAROV ET BAR CRYSTAL 2012 OOD BAKI MEHMED - ZORA ET SKARPA EOOD VASIL BOZHINOV ET FERO - FERDIN ASANOV ET JORDANI EOOD HORAS INTERNESHANAL OOD OOD RILA MEL EOOD POTREBITELNA KOOPERATSIA NAPREDAK KOOP ELISS 2003 EOOD IVAN BILEV ET MIKE 1 EOOD PREGNACO OOD BORISOV I SIN OOD BULGARPLOD KYUSTENDIL-GEORGI RAZSIPIYSKI MORSKI RIBOLOV-NESEBAR OOD ET STRAHIL PARAPANOV ET SHANI- SHENAY TUNDZHEROVA ET DANI MANCHEVI OOD DELIKAN OOD MEGA LYUBOMIR YORDANOV ET CASING BULGARIA EOOD BOILL EOOD SEVERINA 78 EOOD EOOD DUNAVSKO BRASHNO EOOD DABOIS OOD DIMITAR ASPARUHOV ASI ET ET KRASI-2016-KRASIMIR MARINOV GEORGI GEORGIEV ET ELKO GEORGI ANGOV ET SHOPKINYATA EOOD EOOD BIO OYLS KOLEV I KO OOD ANDRINA ZLATI ZLATEV ET LALVO & VACHEV EOOD HERBS INDASTRI OOD NIKOLAY KAMENOV 2009 ET BARZI ZAKUSKI EOOD NATALI 2014 EOOD NELI VATKOVSKA ET MERAI 2001 EOOD KASTO KALOYAN TODOROV STANKA TODOROVA TOPMILK KAMPANI EOOD ET AVTOBOR EOOD EKO ENERDZHI EOOD STEFI - STEFKA MUSTAFA ET ADREA OOD BOYCHO VIDINOV - ELBOKADA-2000 ET BILEK - DIMITAR PEYNEKOV ET SEVGIN AHMEDOV - EVROPLAST ET UNI EXPORT-IMPORT EOOD ANIKO STOYANKA TODOROVA ET KATERINA DEMIR DEMIREV ET MLIN OOD GOOD TASTE OOD SOLEKS EOOD OZMAR-GOOD THINGS EOOD TORIVEL EOOD ONDEAZ OOD KOMES POPOV EOOD MAK DOYFE FROSA ILIEVA DIMITROVA ET MISHEL-69 OOD PVN INGREDIENTS OOD LAYF SPRING OOD SHENEL SABAN SABAN ET OLDSARES EOOD MUSTI - MITKO ANTONOV ET LYULIN COMERS EOOD TRAKIYSKI HLYAB OOD TOPLI ZAKUSKI 1 EOOD EOOD HILDICS EOOD KRASIMIR HVOYNEV ET ARZEMUS AZIS TOKALIEV ET MALTO AD MEL KOREKT 74 OOD SREDOGRIV - CHISTA HRANA EOOD ALI 37 EOOD PEKTODAR EOOD IAN 2014 OOD VERI M VERGIL YORDANOV GEORGIEV ET TUGITAT EOOD DAILYFOOD 2015 EOOD GALUS 2004 EOOD YORDANKA VASILEVA DANI 2000 ET DANI M 97 OOD STILIAN STOIANOV ET ANIPRO AD HISSAR ZLATKO EOOD A I K 2000 OOD TIS-98-OOD HLYAB S KVAS OOD DELAKREM OOD ATANASOV 2012 EOOD KERIAN - KETI DIMOVA ET STANTEKS-SK EOOD DZZD NYUMINEL BULAPETI - N V OOD CHINAR TRADE EOOD DOSH OOD EVRONES EOOD MAXILAND EOOD AYARA EOOD PASTRYWORLD OOD SASHO TASKOV OOD HRISI OOD PRELOM 0211 EOOD MIG - MAGDALENA GROZDANOVA ET BELA TROKS EOOD NASLADA - LIA EOOD HRISI - MITKA LAMBOVA ET MELNICA KARNOBAT-2006 AD ELPIN TREYD - ELENA NIKOLOVA ET DUMI 68 EOOD BEST 92 EOOD MASMEYD OOD DAR 09 EOOD STRANDZHA SIS RADKA STOYKOVA ET ZKH FUUDS OOD OOD TERVEL GROUP OOD SIVI 79 EOOD DOS NURI NURDIN ET NIA 73 EOOD RIX - KOLEV & STOYKOV OOD KRISTINA GEORGIEVA 2013 EOOD BERUS MEL AD METODI BORISOV - 50 ET VIVIAN VIOLETA MARINOVA ET LABESVET OOD MECHO SLADKO EOOD SISBARI EOOD HLEBOZAVOD AD ILTEX EOOD LILIA YORDANKA YORDANOVA ET AURIKULARIA BG EOOD LILIA MILK EOOD GABI P N OOD MOMCHIL STOEV ET KARIL & TANYA AD ULAN - DJAMAL ULANOV ET SWEET SHOP - 21 EOOD RUMDO-MEL OOD GROTE BULGARIA GRUP OOD TANYA ANDREEVA ADI ET KVN FEMILI GRUP EOOD ROBODIH EOOD MESOMANIA TREYD EOOD DONKA KIREVA - DONADONI ET ALIT-INVEST OOD AIM 2009 EOOD BREAD FOR LIFE EOOD KOZLE D OOD VKUSEN HLYAB EOOD LACTINA OOD PROMISHLENO I HIBRIDNO ZHIVOTNOVADSTVO REVART RAFET KADIR ET EVROMES M EOOD BRADARS KOMERS EAD UNION KEHLIBAR-EVROTUR OOD EYCH EM KEY NUR OOD TIAKOVE EOOD HOUM MEYD DELI OOD MERKEZ OOD PIRIN MES 1 OOD EL END DZHI FUUDS OOD FANES ASAN IBRYAMOV ET EVRODAKS EOOD PHILICON 97 AD FOOD SERVICES BULGARIA EOOD M INVEST BG EOOD OLIMP OOD TEIKA - EOOD WIB 2013 EOOD ALDO 75 EOOD TORTI EVGENIA 2011 EOOD DIK-67-IVAN KAMENOV ET NIKOL - 06 V EOOD EOOD NADEZHDA KOSTOVA ET ELVI I SLAVI EOOD DIMO TERZIYSKI - TOPLI ZAKUSKI ET GOLDIES FOODS AND DRINKS OOD TANYA ANTONINA S IVANOVA EOOD ALADIN ATIDZHE KURDOVA ET LA KATLEA OOD ARTO-S - HARTYUN STEPANYAN ET TANTI 2 EVA STOYANOVA ET CHERVENKOV 1 OOD BIBS EOOD TIP K IVAN TODOROV ET KATERINA STOYCHEVA ET BEEF MEET VELINGRAD EOOD SLAVYANKA EOOD IDA PRODUCTION EOOD KASKADA KADI OOD GRAMI EOOD MISTAR DINO I KO OOD MONDELEZ BULGARIA PRODUCTION EOOD IYA EOOD SERDIKA BULGARIA AD 29 SeeNews Industry Report

GORNOORYAHOVSKI MAYSTORI EOOD ASTREQ - KETARING OOD MATTERHORN 4477 EOOD ESMAI HYUSNA - MAHMURE YUSEINOVA ISMAILOVA ET BALEVSKI EOOD CHAR 05 OOD TATYANA OGNYANOVA 2005 MM ET PEKAPNATA NA ADRI OOD ASTIKAN OOD POPIMONI EOOD EKO LAYTS OOD PARTNYORI AD RENO - SAFIE ALIEVA ET ELA EOOD PLAMEKS OOD IVAN VUCHEV ET NATI STAR 99 EOOD ZDRAVKO GEORGIEV ET HELIOS OIL OOD EKOPLOD - BG EOOD NI-VAS FOODS EOOD VARTO BG EOOD SVETLA - LTS EOOD EOOD INTERCOM TOSHEV EOOD INVEST BG EOOD GREKI - MIROSLAV MITEV ET IRRI TREYD OOD ZHITEN KLAS OOD FURISTO OOD KALINA OOD MONAKO PARK OOD SIMIT OOD PIKNIK 17 OOD VELADA EOOD SANI - IGLIKA EOOD EMGROUP - 2016 EOOD ZINAIDA MILKOVA - ZIMS 96 ET SIMVOL 2006 OOD MAKS HERBAL EOOD ZAPRI 2 EOOD SD BONI - VESHKOV I SIE OOD HRISTINA SHAPKOVA ET DOSPI-97 EOOD EPI EOOD CLAREMONT AD SMAG SALIM YUSMENOV ET DH-46 OOD DANAIL KUNINSKI DIK ET YORDANKA ALEKSANDROVA ET TRIADA 63 EOOD NIKEMA EOOD STRANDJA-MP OOD VANYA GD TRADE EOOD BLU STAR 93 EOOD ZORANA HLYAB EOOD RAYN 2015 EOOD YAS-KA OOD FOBOS 99 EOOD KAECA EOOD PREMIER TM OOD DI PI EL 2013 OOD RADOST STO OOD RODOPA G ORYAHOVITSA 96 EOOD MUSTANG SS 75 EOOD 'MUSI SHANS'' EOOD IRKOMA PARTNERS OOD FITEV EOOD EOOD MILK INZHENERING OOD STOYANKA CHUNGAROVA - NIKIVA ET ALGAE FARM AD METIKA 2000 OOD VAYTA PRO INTERNEYSHANAL OOD VENELIN SABADOSHEV - VENI ET IVAL - 2015 OOD VOLONTES STAYKA GEORGIEVA ET EM ER GRUP OOD SANI KM17 EOOD EOOD HLEBAR 2015 OOD MEGA SUIYT EOOD EOOD STEFIL''66 EOOD SHARKOVI & SIE SD TODOR PENEV GOSPODINOV DAKI 01 EOOD M FOOD GROUP EOOD AGROMEL KIT OOD NIKITA NIKOLINA TODOROVA ET RONZA EUROPE EOOD ZELEN LUK EOOD NEOKONS OOD UBINOV 2017 EOOD DELANA OOD HAPPY CANDY OOD YUSEIN ALTAN 1 EOOD PITSA DANTE EOOD PANATSEYA-ZH MANGALDZHIEVI I SIE GP YUG YUSEIN YUSEIN ET SELENA 2009 OOD ANTOANETA GEORGIEVA - 2001 ET ARNI 2013 EOOD VAVILONIA 2010 EOOD SHEEPKA 99 AD OSI BEY EOOD PETAR PARVANOV - DEMETRA ET EVRO MIYT KO. EOOD VK ICE & CAKE EOOD FABI 2014 EOOD NIKOL EOOD CHOCHO-05 OOD CHIYZ DI KUIYN OOD OOD NVP OOD FANI-72 OOD OOD PETAR ADAMOV 90 ANELIA PETROVA ET ZLATNA NIVA - 09 OOD RENGLOR EOOD BURCHIN 98 EOOD SHVAYTSER KEZEMANIFAKTUR DIPPOLD.MILKI SRT EOOD EFI KDT EOOD ILIEV - DG - VASKO ILIEV ET OOD I KO. KD LP EXZOTIC CAKE EOOD MECHTA METODI AVRAMOV ET GRADUS 1 EOOD KOSTOV 61 EOOD LAVENDERBUL 1917 - OOD SLADKARSKA KASHTA ALF EOOD MAKS - MART I KO EOOD LACH 50 OOD BULDEX OOD BORA 21 EOOD VASILIS - VASIL KAVARDZHIKOV ET BALKAN RICE OOD GEPARD OOD NAMA GLOBAL EOOD SIMA - 09 - EOOD IV 2007 - SAMUIL RIDVAN ET SAKSES OOD MALINA& KAPINA EOOD SIDEMA 2013 OOD DIMI EOOD GNA-GEORGI ALEKSANDROV ET TERVEL KOMERS - 2015 EOOD SIMEONOVI - VIKTORIA EOOD INTERFACE BG EOOD ANDON STOYANOV ET ABI 86 EOOD ILIA PAVLOV M P EOOD FURAZHNA KOMPANIA EOOD KAPA H OOD “NYUANS 89” EOOD LINDAREV EOOD AFRODITA PETYA HRISTOVA ET CORTE DILETTO EOOD S-BOBI EOOD ILIANA GEORGIEVA-SHIACHKI 2002 - GEORGI MEIS BULGARIA OOD GEORGIEV ET KRISTOF BS EOOD EMPANADA EOOD MAFI OOD KOLACHE - TANYA GEORGIEVA EOOD FILIPE EOOD DELTA-KOLEV I SIN EOOD STRAHIL IVANOV 2010 EOOD CALIFORNIA NUTRI LABS OOD PARTNYORI LIMITID EOOD FARMA BIO TEH EOOD ALEKSANDAR NANKOV ET NENOVI 2014 EOOD SIY PRAYD EOOD TOMI DULSE EOOD EMALI EOOD GOURMET PHILOSOPHY OOD PACIFIC STAR AD LOTOS 4 OOD FELIZ MITKO STEFANOV ET CUPCAKE STUDIO OOD RADONA EOOD FAVORIT - 2004 EOOD BONATO OOD KLEOPATRA - 2014 EOOD DZZD HUBI-1955 VELICHKO IVANOV VENECIA ET SHTIPKA LYUBOV OOD YAVOR-LUKS-90 - ANGEL VUCHEV ET DIMITAR GRIGOROV ET PETROV I SIE - PETAR PETROV ET BERUS-97 AD SPARTAK-78 EOOD KONISA-CHOCOLATE OOD MARIYANI EOOD DEVA KAZAKOVI EOOD SLADKIYA KAT EOOD NIKOLE - N EOOD NIKI 2004 EOOD RAPIDA EOOD ZHODISNI - SVETLIN GEORGIEV ET VENETSIA 2 OOD STRAYTS OOD VANYA I TANYA - IVANKA ILIEVA ET BRABION OOD MIGLENA DESPODOVA MIO ET SLADKA SOFIA OOD TEYKARS OOD OOD M G M 3 EOOD BAKERY EOOD MDM MIROSLAV MINKOV EOOD CHAMPION-16 EOOD ALFA MARKETING EOOD DIBOR EOOD ELIT PEPA LAMBUROVA EOOD MARATON 62 EOOD ZORA - ZDRAVKO ZDRAVKOV ET 5 R OOD SEVTOPOLIS 2016 EOOD GENIDIS 2015 EOOD BOBI BOYKA NAYDENOVA ET SEMELLA 2016 EOOD VKUSNA YADKA AD ELITSA RUMEN BURDEV ET VITAMINA 2012 OOD NIC-HEDA ECO EOOD MELTY - 2012 EOOD LOMAN EOOD MAYAMI MAR EOOD DILAYT EOOD RICO EOOD GENO PANYOV - ISTAR-2 ET GIDA - GERGINA DIMOVA ET TORRO – MES 2017 EOOD EOOD LEMAN AHMEDOVA ET ARONIADA AGRO EOOD BIOGAME OOD DORA ZHIVKO ZHELEV ET PETRANA TSENOVA - 2015 ET RUMBA RUMEN PANAYOTOV ET POLINEZA EOOD STANDART 90 EOOD BULDIRECT OOD NEDELKA KUZMANOVA-NK 56 ET OLIVA BG OOD BULFRUCT OOD STEND 60 - AHMED MEHMEDOV ET KRAPSI OOD M K D OOD MED I PCHELNI PRODUKTI OOD EVELIN 29 OOD MARTA SKM STOYNE MANOV ET RALYU DZZD PIMEL TRADE EOOD MAXI MES OOD SNEZHANA GEORGIEVA LILIA 86 ET NIKO 2268 EOOD ROYAL T.M EOOD DVETE AKATSII HARALAMPIEVI I SIE SD M R 96 EOOD AGRO PROMILK PLAMEN TODOROV ET ZAHARNA FEJ - 9 EOOD NASLADA 02 OOD ROMANS R GEORGIEV EOOD RENI 2000 ANGEL ANGELOV ET TEDI TODOR KRASTEV ET 30 SeeNews Industry Report

GRIL EOOD SUNIVERS OOD BIBI INVEST EOOD MISS 2016 OOD GIKAS - HRISTO YANEV ET FONFON BULGARIA OOD OOD BERY-BAHAR HAYRULOVA ET VELVAS OOD ZHIVKA MANOLOVA DZHI M ET KEMI-VESELA KIRILOVA ET SUNOPTA FOODS BULGARIA EOOD MANDRA SARAYA OOD AL STON EOOD AL - AR - DI EOOD OLGA MITREVA-OLI ET MIKRA KETARING EOOD KARA SPLTD EOOD SLANCHEV LACH SVETLANA MATEVA ET ZARTOV-V - VLADIMIR IVANOV ET START-97 OOD KALIA 15 EOOD GRIG 1 ID OOD SLADKARSKA RABOTILNITSA ZHANA OOD STIV 95 ZAHARINKA CHUKOVA ET SUNOIL COMERCE - 2015 EOOD GARSIA CONSULT & CO EOOD VIK-NEL-DES - VANYA NIKOLCHOVA ET ET PENKA PETKOVA NEGI ET MASIV MV 18 OOD RKS FAMILY EOOD NOVOMES COMMERCE 1 EOOD GEORGIU 87 EOOD PEK 2010 EOOD DEVA MES EOOD VESTA TRADING EOOD GUNTER - 13 EOOD T AND I EOOD TAT SUNFLOWERS EOOD TERABELLA OOD CHOLAKOVI EOOD SEGAM OOD TONI EN TODOR NIKOV ET KIPS EOOD BULMILK 1783 EOOD MILEA ALEKSANDAR ALEKSANDROV IVANKA ELENA BARDAROVA - M EOOD MERILEND 2013 EOOD TODOR GOSPODINOV ET ALEKSANDROVA ET KANA TENEVA ET UNIKONF EAD JAVORINI-GALINA IVANOVA-GIOREVA ET BURGER GROUP EOOD SOLEY HD OOD NASKO 2016 EOOD NIKI 2001 NADYA NIKOLAEVA ET BELS EOOD ADES TRADE EOOD ELINI 90 DANIELA GEORGIEVA ET YULINEL OOD SINERGI GRUP EOOD BON APETI KATYA TYUKENOVA ET KRASIMIR PAVLOV ZAHARIEV - AVTOSERVIZ-KOR TSANI ART OOD LYASI OOD ET VALERVAN EOOD MARAZOVI OOD DEVI - SS CO EOOD ECO MES EOOD MVCH KARABUNAR OOD ATI - MO OOD TOP 20 TSVETOMIR MRAMORENSKI ET ORGANIKA HEKIMOV EOOD SNEZHNA ROZA EOOD EOOD RODOPA KOM OOD ALCOZERO-BULGARIA EOOD FELAS OOD TEMISA 15 EOOD MONKA KONSERV EOOD KAMI - 1972 EOOD PASHO OOD FERA IVANKA KIRILOVA ET KIROVI 4 OOD BAERO OOD ROYAL IMPERIAL - 44 EOOD REDDZHEKI REDZHEP DZHEVAT ET ORION 2002 OOD PIRENI OOD MLECHEN RAY 2 OOD INTERBIORESURSI EOOD HAYKLAS TREYDING EOOD AGROBIOTEH EOOD HRISTINA ELENKOVA ET OLIGK OOD RESTART 15 EOOD EDI - VALIA IVANOVA ET FRUCTO SLIVEN AD ORHANIE KOMERS EOOD BM NUTRACEUTICALS OOD MJ DAIRIES EOOD DAYSKI-KONSTANTIN DAYSKI ET MIA FUUDS 21 EOOD GERGANA CAKE 2016 OOD ZHASMIN SHAHIN APTI ET VKUSOTIIKA 7 OOD GEORGI MALINOV-2005 ET FARM KARAKULAK EOOD SLADKISHNITSATA EOOD GEORGI SHALAMANOV-17 EOOD KAP VRACHEV EOOD KUTINOVA 71 EOOD MMM IMPORT EOOD STEZIS - STEFAN STOYKOV ET IMANSON - MARA DELCHEVA ET ALLIANCE AGRICOLE - ALAG OOD EMO 72-BG EOOD ETALON 66 EOOD NEW LIFE 2011 EOOD FILIP & FRANCHESKA EOOD SPV INVEST OOD EUROPACK EOOD RADOSLAV ILIEV ET ELHES - RUMYANA SHAVOVA ET BOBO - K EOOD ILIYA ATANASOV ATANASOV MAKEDONKA MITSEVA DONI-M ET AGRO SIP OOD I ZET KIRIL YUNCHOV ET MARSILIYA - MARIN TRIFONOV ET SLAVCHEV 2000 EOOD GELATO 2009 EOOD SS-1 GRUP OOD OOD DELIGO TRADE OOD NIKOLAI NIKOLOV ET MARSY MB EOOD VITASEL EOOD NADYA VALOVA - SHANS ET DOLCHE VITA 21 EOOD NIKOLA NIKOLOV 95 ET PIK FOOD EOOD KOLYO STOYANOV STOYANOV NENOVI - MILEN NENOV EOOD OLIVA AD NISSAN 23-04 EOOD ABDS INVEST LIMITED OOD DITA 8 EOOD MAVIPEK OOD BUG COFFEE OOD TLP EOOD ROKO ANGEL TOPALOV ET ILDAN - 2016 OOD DZHELA N D EOOD ERKO 2002 VP EOOD BOGOMIL KRUMOV - GANKA KRUMOVA ET MILTET EOOD DIMITAR PARVANOV EOOD MIA 2006 EOOD EZB 1 EOOD LOTOS - N OOD SANDRA 2010 EOOD ANONA TRADE EOOD IRIDA CHOCOLATE EOOD SHISHO - BIROL MUSTAFA ET AGRIFLOR PROTEKT OOD ECOFOOD BG OOD BULKARTO EOOD SI KO OOD PEYCH - LYUDMIL PEYCHEV ET DENCHEV MEL EOOD SAVOYA EV OOD BALKAM GROUP OOD SOLARIUM A AND E EMILIYA SHOYLEVA ET DIMITAR MADJAROV 2 EOOD DESII EOOD PIP TREYD OOD NOVAHRAN EOOD IV 2000 69 EOOD MARGARITA HAMBARLIYSKA ET FENIKS 63 EOOD VIP TREYS SOFIYA EOOD KONKORDIYA - ANTONI PETKOV EOOD IVEL PASTRY EOOD ETSE TREYDING EOOD EM I AS OOD GEORGI KATSOV RAY YUV ET KOVACHEVI SITI OOD ANGEL ANGELOV 2016 ET HLEBOZAVOD VELIKO TARNOVO AD KALIA EOOD CHEESE THE QUEEN EOOD BULGERIAN TEA COMPANY EOOD GABI 2012 EOOD DIDI 2000 - STOYAN MITEV ET BUL-TUR EOOD GYNECH - 6 OOD HELFA 84 HYUSEIN BASHEV ET BP TREID EOOD DAMYANOV 64 YOSIF DAMYANOV ET EMIL & RUMI EOOD TASGAR 2016 EOOD VIGIMED EOOD BUL-FUNGI OOD MILEN GAVAZOV ET MOLINERO EOOD AGROCOMMERCE 98 EOOD KARIMAKS EOOD AGRIKOLI EOOD RAVNOGOR EOOD KALOIAN I KO EOOD DRUZHBA HIM ATANASKA KUZEVA ET ESTEER EOOD TRAYCHO NAYDENOV-KATYA 0505 ET ANNA VRACHEVA EOOD VIOLA 3 2013 EOOD KEY BIO INDASTRI BULGARIA EOOD SUITI-2001 - TSVETANA TILEVA ET FERO - SHAKIR MEHMED ET BETI 926 EOOD FS TUNI EOOD FURAJ ROSITSA EAD MIRI 2016 EOOD EVAMEL EOOD MUSTAN 3 OOD SUGAR HOUSE EOOD IVANOV EOOD ELIT MES MINEV - RODOPA - V.T. 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AMBASADOR 7779 OOD SISI KEYK EOOD BILKARACHEV EOOD VERONA OOD TAMARIN EOOD RADOSTINA KRASIMIR KAMBEROV EMIL YULIAN ISAKOV EOOD KOKO 9008 EOOD KAMBEROV ET KREDO 98 OOD NUHEALTH AD SVESTAN OOD CHILLI HILLS FOODS OOD IVONIK-2008 EOOD NAVONA MD EOOD DESISLAVA - N - 83 - NIKOLOVA S-IE SD ANIMAR 2012 OOD ORBITA OOD ELEYA EOOD MISTI IVAYLA ILIEVA ET SAHAND EOOD MMIG - 2006 OOD MOLLOV 393 OOD TOLEVI 97 OOD FRIGO EOOD ASYA 13 ASAN MUSTAFA ET DEN I NOSHT BG EOOD NADKA POPOVA ET SAF-V EOOD MIG 91 IVAYLO GARBOV ET GO GREEN 71 OOD THE HOT OVEN SOLE-OWNER LLC EOOD KOSTOVI EMK OOD BURGATTA EOOD NADEZHDA OOD DERONI STARA ZAGORA OOD DIMITAR MITEV ET SIMA-MALINKA GENCHEVA EOOD AS ANTON GEORGIEV GEORGIEV EOOD EASY LIVIN EOOD RUZHDI - 8901 EOOD EOOD BIOSTYLE OOD BORIANA-2012 EOOD GERI M 15 OOD LIAZ 75 EOOD ANGEL KOSTADINOV VASILKA KOSTADINOVA ET DZHEP - DELCHO GEORGIEV ET ZEMEKS OOD KUSI OOD DANO - 96 EOOD SIVIK - SATOWCHA OOD MIRENA 80 KINA GEORGIEVA ET VIOLA 57 EOOD HANI TREYD 2012 EOOD VESI 2004 - GALINA BELYOVA ET IST EOOD MITKO DONCHEV DIMITROV BULAGENT MERDAN EOOD ERAVAS EOOD YANICA 86 EOOD EKSPORT IMPORT ET MARTIS 09 OOD RICHI - TOMA TOMOV ET RODOPI MESKOM OOD SMM MEAT OOD GORSKA POLYANA EOOD KRISS 93 OOD B.S.S. 1997 OOD VALEKS - TSVETANA KAMENOVA - ALEKSANDAR MARGARITA N 2017 EOOD VALCHEV ET BREZNIK BG EOOD GDP PAGUREVI EOOD TRAKI-BG OOD DIZHO 2015 EOOD ALTMILK OOD ANTANI ANTON MILADINOV ET GROTE OOD OOD VELIKI PRESLAV 2002 EOOD ILIA IVANOV ZORNITSA ET DOBRUDZHA OOD YO RON EOOD TOPAZ MEL OOD T TOMA TRIFON TRIFONOV ET SLIM FIT EOOD - ET NOVA HLYAB OOD IVAN KUTANOV ET LAZAROV KOMERS EOOD FINE-R EOOD SIS INVEST BULGARIA OOD DIMITAR PEPELANOV ET BILAMIK OOD KUMINIANO FRUIT OOD LUBOMIR NIKOLOV ET ZOIA - 91 OOD TOMA YAZHEKOV - STIL 2003 ET TEMIRA-77 EOOD MAKROCOM OOD DIMES - DIMITAR PASKALEV ET ANGELOV I SINOVE FATME MIHAYLOVA ET KVIREST OOD VKR-2000 EOOD ISKO I RENI YORDAN ILIEV ET ELIMER 79 EOOD ECSTRACTPHARMA EOOD IMPAS 14 OOD ZHORZHETA G 1 EOOD GRAZHDANSKO DRUZHESTVO S LYUBENETS DZZD DESITA - YORDAN MARINOV EOOD DZHI VI EM EOOD MAGNETIK 2013 EOOD MILK KIS EOOD TODOROVI FOODS EOOD EKO MED I KO OOD GRIYN INSTITUT MULINO SANSONE EOOD EOOD CAZI - 16 EOOD LOM TRANS OOD BORKO TATYANA PETKOVA ET ELIAZ OOD BABA TONKA OOD NIKOLAY HADZHIEV - NIVEL ET DENIO KALCHEV-53 ET PETINOV AND CO OOD ES BI EM KEY NUR EOOD KOMOKS DONCHEV I DONCHEVA S IE SD AMIYO EOOD EVI 61 EVELINA OGNYANOVA ET GALATS DIMITROVI SADRUZHIE SD BEYBI FUUD EOOD REDZHI 2013 EOOD MI LO DI LORA VITANOVA ET VELICHKA KIRILOVA LEFTEROVA NENKO TRIFONOV FOODS OOD KARAKOVA EOOD PETROV 2016 EOOD VASILKA KOLAROVA ET LIYANA- EOOD GOLD OIL OOD TETRAKOM VLADIMIR DIMITROV LYUBEN IVANOV ET RIPEGA DREAM EOOD IVMA - 90- IVANOVI - SIE SD YULIAKIS DZZD LOST SITI EKSPORT EOOD IVEGEL EOOD BEST KRASIMIRA KOLEVA ET ZLATNO BREZOVO EOOD KRAEVEKSPRES - ZLATKO KRAEV ET AVICENNA HERB OOD SI COMMERCIAL 7 EOOD KARIBU OOD DARI - VAS OOD LAKTONI EOOD CHAVDAR 2014 EOOD KOKO 6 EOOD 2012 OOD IVO - 2012 EOOD NEL - KA OOD KATERINA 1979 EOOD SISI - LUBOMIR SEMKOV ET LATIFE - 70 EOOD IVPLAM - WAFFLES OOD AVI 33 EOOD CHERITO EOOD ALTINSOY NUTS OOD SIANA MES EOOD ROSIMPEKS 02 EOOD VAKOM MP OOD VESELINA 333 EOOD MINCHEVI EOOD MEDIANA MEDIANA ASENOVA ET ILMA OOD MIG EOOD SHEFAR EOOD KAPRIZ - DEVIN EOOD DUDAS EOOD ELENA 95 EOOD GOLDYN PRAIS EOOD SVETLANA-92-T- MARGARITA TODOROVA ET DEGRETSIYA EOOD VEGA G GEORGIEVA OOD GLORY EOOD DOMINAS EOOD ISMET SHABANOV - OLIMP 131 ET IZGREW 2015 - MG EOOD ILIA GLAVUROV ET DIANA 11 EOOD KVASETS EOOD PIKANT TRADE OOD PEPA TANEVA EOOD EOOD TODOR IVANOV - KOMERS-50 ET DANI 5001 EOOD EDIT - 12 EOOD A I S - 85 EOOD SEMEYNI SLADKI EOOD VASIL ILIEV DENISLAVA ET YONIMAR OOD RILA-MILK EOOD TOMI YANCHO YANEV ET MIRAZH-PH - PARVAN HRISTOV ET BIOSET OOD FIRIN OOD VENDY OOD PLAM - IDA - PLAMEN DOICHEV ET AGRO 22 EOOD RADI 2006 OOD CAKE BOX OOD ANI - AHAVNI VARTABEDYAN ET ELKA ELKA RANGELOVA ET EDEN GARDEN BIO OOD TYRBUL EAD DANIELA YANAKIEVA VASILEVA - DANITA ET YONI 95 EOOD KLIKS OOD DIMITROVI OOD FAVORIT-98 OOD VILIANA 70 EOOD LAVINA 99 EOOD TANYA 3000 EOOD TEAM WORKERS EOOD ZOROV 91 DIMITAR ZOROV ET PRESLAVA I MADLEN EOOD I-ZET OOD BAKE PARTNERS OOD MANOLOV MILEN MANOLOV ET KRAL 1 EOOD DONFI EOOD I M B 07 EOOD VITO GEORGI NIKOLOV ET SLADOST EOOD BULHLEB-21 OOD AZALIA - MK OOD ELILAT EOOD PMD AYS EOOD EOOD OPICVET MILK PLC AD BMD 12 EOOD KUBIKA EOOD IMAM - MIYT OOD GPD - GEORGI DAVIDOV ET MB-90 - MIHAIL BOZVELIEV ET BABA TONKA-1 EOOD PERUNIKA ATANAS RAYKOV ET RAMM-90 M - MITKO GERASIMOV ET KRUM MUSHEV OOD OCEAN JORDAN DONCHEV ET GALATEYA 2000 BYALKOVA I S IE SD VAGENI EOOD BAVANTI OOD OOD NANI ANKA ASENOVA ET SORTE 76 OOD VEDA OOD BOYAN ASENOV 94 EOOD DJEMRE 2012 EOOD INERT MK EOOD CUKI - 96 OOD DIT 06 EOOD BIS 98 OOD ILIYA ILIEV ET MEGAHRAN 2015 EOOD K EFEKT OOD BIOFRUT OOD OLITREYD EOOD INTERAROMA OOD 32 SeeNews Industry Report

TSENTROMES OOD IBRYAM CHERKEZ CHERKEZ ET G-PRO GROUP OOD STOHOR I STEFANIA EOOD ARLANDA EOOD APIS NN NIKOLAY NIKOLOV ET KAYA VEG KRIEYSHANS OOD OOD APOSTOLOV - Z EOOD BALGERIAN GRIYN PRODAKTS OOD OOD VELICHKA KOTSEVA ET DANI 1975 OOD VESKA-91 - VESKA STOYANOVA ET COMPACT OOD VKUSOTIYKI EOOD SE MIRALAEV EVGENIY GEORGIEV ET ZHITINA EOOD CHO-SON - VADIM RAKOV ET ZORA - KIRIL ORMANOV ET BAKE OOD FRESHNESS OOD ASPARUH PETKOV ET RONIFIL 73 EOOD MAGI T IVANOV - TODOROVA CO SD MARIELA - MIHAIL MATEV ET NEYCHAR GIFTS EOOD EOOD AGROMES OOD TIVATRADE EOOD ANDA 2012 ANKO PETROV OOD NADEZHDA SULTAN KAMBER ET TAXI - ASI - RUZHDI AHMEDOV ET KIPRUS - 83 EOOD POLYA - 2005 OOD TUNI PEK-TUNDZHAY AHMED ET BALKANI - 2014 OOD BITOLYA 1 OOD BELL KO EOOD EKOTERMA EOOD RAM COM EOOD DOVERIE KOOP. ALEKSANDAR IVANOV ET ROSA AD TONI-STOYKO ILIEV ET KAMEA OOD AVRORA 93 EOOD ZHITIN HLYAB EOOD LE MARQUISE OOD HRUPANKI OOD NEOPHARM BULGARIA EOOD MESOKOMBINAT KARLOVO AD BIO OREH BG EOOD ELBOKADA 2015 OOD LA TATI EOOD MIG 91 - MAIA PETROVA VLADOVA EOOD DEKRIS I KO OOD IVA-E 77 EOOD EOOD FIRMA 4 EOOD VILI SHANS 59 - VIOLETA KIRCHEVA EOOD HUBAVI NESHTA - LOVECH EOOD NOREX AGRO-2 OOD GAMA 2002 OOD MERI - ES - DIMITRINKA ATANASOVA ET DIPI EOOD MLECHEN PULS 95 - TSVETELINA TOMOVA ET STIVI - NEDKO NEDEV ET SUITI-2011 OOD MM JUNIOR OOD MELNITSA LEVSKI 2004 OOD VILTEO OOD BRATIA PETROVI OOD CHOCO TEAM OOD VENERA 12 EOOD MLADOST 2 YANKO YANEV ET TIROL - EOOD DZZD NYURADEL DAKA 63 EOOD LOTUS V EOOD ANDROMEDA GINCHO KORALSKI ET BENI TEYST EOOD KRASIMIR SOLENKOV ET AGRONIK EOOD DESIPAM 98 EOOD DOLYA 9 TREYD EOOD FRESH TASTE AD G S REFLEX EOOD DZHORDZH - MISHO MISHEV ET ELIT P EOOD BG FOODS EOOD BOZHIDAR BOZHILOV - RITAM ET DENIMES EOOD BRAKE EOOD SAR ZHORZHA EOOD NUTRIM EOOD HERBALKAN EOOD MANDZHUKOV BREAD EOOD BBS EOOD SHIDEROV EOOD LAGANA EOOD ROMANTIKA EOOD MILEN MANOLOV - 2017 EOOD VULOV EOOD PARADISE KETARING EOOD SEVI TRADE EOOD STELIMEKS EOOD RISK 2008 EOOD HELIOS MILK EOOD MESOKOMBINAT-RAZGRAD AD ARM INVEST AD EL PET 89 OOD KETCHUP-FRUKT INVEST AD MERI-YUV-TSVETANKA MITREVA ET PASTA FRESCA EOOD DAISY LUX EOOD IRADI-96 - MITOV ANGELOVA SD ERAY-RENI EOOD ROYAL POTATO VARNA OOD MESAMBRIA 2012 EOOD YALDAZ 2012 EOOD TORTI RENI EOOD BONJOUR JULIET EOOD KRASITA EOOD EMIL MILANOV- ANI-M ET KITKA 1999 GYUNAY IBRYAM ET MURTEL 99 MURTAZA BIMBASHOV ET GIVIS OOD KUMRUYAN OOD KLAS 1 OOD MAKO OOD TANINA - STOYAN DYULGEROV ET DARUM-2014 EOOD DELICIOUS EOOD RUMEN IVANOV MILANOV ET BAYRYAM PASHA ET SLAVYANKA GEORGI PELTEKOV ET IVAN ARASHEV - ILIYAN ARASHEV ET FAST GRIYN EOOD EOOD KAMIDI EOOD HABI 72 EOOD ONIUS TRADE EOOD S PLUS S-S TIMEVA OOD VIGI ANDONOVI OOD STANI FAYF KOLYU VALCHEV ET PLAM PLAMEN DENEV ET MG CAKES OOD KATERINA KRANCHEVA EOOD ISTAR ECO CONSULT AD PEKARNA MECHTA EOOD OLYMPOS 2006 AD P I P KO AD ATHLETIC - 2009 OOD PULCHE-1 - KOSTADIN KLECHEROV ET DAFNI 09 EOOD SATIMEKS EOOD INKOM OOD VILISON GEORGI VELIKOV ET TANDEM POPOVO OOD T TOMA OOD MARIANA PEEVA - SABOTA ET ET KORAL SH EOOD YASTREB GROUP EOOD ALEKS-K72 EOOD HM OOD VILIDZH MILK EOOD EOOD GOLD BAKERY EOOD BULGARCONSERV RUPITE OOD VSELENA EKSPORT EOOD VAS MILK EOOD NORA - KAN 1972 EOOD LAKTO PAK PROTSESING EOOD TOMI OOD TRI EOOD ELINOR MP OOD EKO PRODUKT BULGARIA EOOD GEORGI I KATRIN EOOD TERA DZZD MARUSYA 2012 EOOD ILHAN 1 EOOD LIVELA-DIMITAR ANDONOV ET MARIA GOLAKOVA ET GOLYAMATA ZVEZDA EOOD EOOD ALFA KAPITAL EOOD MERILIAN-2014 EOOD KRIS PROFIT EOOD NUR VE AY EMIL CHOMAKOV ET MASTAR-PIK EAD KIRIL STOIMENOV YANEV IVAN KONDEV ET AYLIN KRASEN BASKOV ET LIMEC BG EOOD BALKAN FINANS BULGARIA EOOD NARGIS ALEYDIN ALIEV ET A I K PERUSHTITSA OOD MEGAFRUIT OOD ATANAS BANEV ET NIKSEN OOD LYVENA OOD JITEN CLAS 2010 OOD DIEL MS EOOD MARIYA POMAKOVA EOOD LYUBKA MITKOVSKA ET MARIA MLADENOVA ET GITMES EOOD FELICHE-2011 EOOD MADZHESTIK FUUD EOOD BAKERY 2006 EOOD ELPINA - NADKA KUSEVA ET COLOR FOODS EOOD ASAN AYVAZ ASKO SEVIM AYVAZ ET KOLAKOV-17 OOD ELIMUS EOOD INTERLOGAR EOOD IV - YAN 9800 EOOD ROSE MEDICA EOOD TOPCAP 2016 EOOD IVANCHEV 75 EOOD HLEBOPROIZVODSTVO SZ OOD IVIMAR 2012 OOD IL EOOD SHIK 1 EOOD NEKTARA OOD OOD TANDEM-MILITSA EFREMOVA EOOD VIVA TRADING EOOD SIYANA 08 EOOD RAINBOW FOOD OOD YUSI-FAY - ASEN ASENOV ET MALEVENTUM MARON EOOD 13 GRAMS EOOD SKAT OOD RUSENOV EOOD CHIPITA BULGARIA AD NAVAI 2001 EOOD SEVITA 2001 OOD YANA 1 EOOD MELI ZHELI OOD ELKO MES OOD MM DESING OOD VIKI 2 OOD MESOKOMBINAT ASENOVGRAD OOD APE 2001 OOD BOGOMIL KOLEV-YAVOR-ST-91 ET KRASTEV D EOOD NIKOLA ABRASHKOV ABRASHKOV YAVOR ATIUS 2003 EOOD DEMETRA LAV OOD ZAPRYAN GENKOV ET ABRASHKOV ET MARINOV 52 EOOD IVK-PRODAKSHAN EOOD NAID SOLAK ET NEVI - NEVENA IVANOVA ET MRAMOR 90 EOOD GERCHETO OOD CHONKOV HRISTO ATANASOV VESKA TIVONI H& B EOOD NIKIFOROVA ET ZLATEN LACH OOD ASTREYA 91 OOD BULGANEL EOOD FORINAR OOD KRISI 99 EOOD ZAHARNO PETLE-SAMOKOV OOD VASILEV I BRAT OOD GALAKS OIEL EOOD 33 SeeNews Industry Report

BOLKAN FROUZEN FUUDS OOD DZZD VEKTOR EFEB OOD SAVENKO EOOD AVISKORN EOOD TSVETKOVI I SINOVE EOOD ST METODI 98 - VESELIN VESELINOV ET SCHREIBER FOODS BULGARIA EOOD RADOSLAV YASENOV ET RANKOS OOD KGB 95 KOSTADIN BORIKOV ET BILKI I MEHLEMI EOOD RINS EOOD MLADA OOD BOTUR 2015 EOOD AGRO TREYDING 2016 EOOD KADIFE ART EOOD G DECOR OOD NARSI NINA ASENOVA ET MAKSIMA 74 EOOD HOUM SUIT HOUM EOOD AICHEGUL-2012 EOOD STELA - 90 - GATJO KOLEV - DETELINA KOLEVA ET M & M OOD ANIEL - 86 EOOD BULDOCTOR OOD MAK 2012 MEHMED KUYUMDZHIEV ET GASTRONOM KETARING EOOD REID KAMPANI OOD PETRAZITE OOD VENTSI TREYDING EOOD SLAVCHO SHOPOV - 2016 OOD DANI 06 OOD DI - MAR - VITANOVI OOD MEAT - DROPLA 2004 OOD STEFELK EOOD REDZHI I NEDZHI OOD BIO GRUP INVEST EOOD GORCHIVO-SLADKO EOOD VSV EOOD LYUBO IVANOV ET ANGEL MOLLOV 2007 EOOD ATI ATILYA MURAD ET S KOMPLIMENTI EOOD VGK LATINKA PETROVA ET VLADIANA VLADIMIR ZHIVKOV SNEZHANA FITPRODUKT EOOD MEDINA - KRASIMIR VELKOV ET ZHIVKOVA ET MISHO - MIHAIL ASENOV ET RAMCOPHARM OOD NIKI - 06 D EOOD EOOD DEVON OOD MILKA BORISOVA - GYUNAIDAN-SHEN-2014 ET POTREBITELNA KOOPERATSIA NARKOOP KOOP MARKRIT OOD YOSIFOVA-91-TOTKA PETROVA - PETAR YOSIFOV MARIELA - SONI OOD EMANDI EOOD BALKAN GRUP 20100 EOOD ET ZORNITSA IRINA POPOVA ET KRESSONA OOD PEPI - 2011 EOOD DOSPAT 2011 OOD TASO EOOD KASIKA TODOROVI EOOD KRISTI EOOD KENDY OOD DOBRUDJA - EOOD ENGINKOCH EOOD FRIDA 71 TATYANA TSVETKOVA ET SAMKO-97-SAMIR KYAMIL ET KEBUP 3 DZZD VILDA 2015 EOOD DESTAN EOOD AKSU-RUMEN YORDANOV - YULIYAN RUMENOV ROSEN STOYNEV ET ET VALCHEV OOD PIKONS OOD KRISTA-DP EOOD SKORPION 1993 EOOD EOOD ALIBEY - ALI ALIEV ET KENDI STAR EOOD TAKT MILANOVI EOOD FOOD 4 YOU EOOD VLADI SIVENOV ET DIDO-73 EOOD DIMITAR STOYANOV ET BIOPRODUCTS - BULGARIA EOOD STEFANI 98 PETYO ALDIMIROV ET ANTANI S ANTONIO SEKULOV ET VAN MAR 2000 OOD DUNAV SEEDS 1 OOD FRESHFOOD EOOD SK G EOOD BOYAN BOEV 08 EOOD NOVI - TATYANA NORIEVA ET MADIKS EOOD EUFORIA EF EOOD MAGI - VASILEVA EOOD AYLIN 88-SEVIYA SKENDER ET N AND Y17 EOOD TREYDSTOUN EOOD VBAND AD FLY FISH EOOD KOLEV 73 - DOBRICH EOOD IVET TREYD EOOD BALAZOVI OOD CADELCO OOD IMAGO 21 EOOD ERGENE OOD NASLADA 92 ZLATIN YORDANOV ET ALEKSA STIL EOOD FILAS OOD STRATOS EOOD TRAKIYA PIG EOOD BOGEY - 2000 EOOD ATELIER DEL CAFFE TERROIR EOOD STREAM FOOD EOOD SLAVCHO GRANCHAROV MELANZH ET SHEN YT 91 KOVACHEV SIE SD DIP KOMERS 90 EOOD ENI - 76 ETD EOOD SAFKO - STEFAN GUDJOV EOOD MIROSLAV DRENCHEV - MIRO ET KARAVELOV I SIE EOOD MALINA - INA - RUSKA STOYANOVA ET STANEV KONSERV EOOD DANKO - FIKRI IBRYAM ISUF ET DZHINGIBITO 68 NEDYALKA DINKOVA ET BEST - KRASIMIRA IVANOVA EOOD DARI EOOD DOSI 2015 EOOD VEDA-34 EOOD CHOLAK 75 EOOD BITAS EOOD NIGYAR - ELIZABET IBISHEVA ET I & P 2010 OOD KEYT 123 EOOD BI-EL EOOD KACHESTVENO PRYASNO I ZAMRAZENO MESO PERPERIKONA OOD VIKI TREYDING EOOD OOD 7-MI MAI EOOD MITRA VESELINSKA PARVA GRIZHA ET ELIVAN 2010 EOOD INVESTA 12 EOOD IV KOREKT 69 OOD VRABER 2008 EOOD STIV - STEFAN MIHAYLOV ET NEVROKOPSKA BANIZA EOOD LA MARKIZ OOD CHERY COMMERCE 63 EOOD GOSPODINOVI OOD RAMOF EOOD KRIS DRIYMS OOD COMPASS EOOD ERISAL - ISMAIL EMIN ET BULPROGRES EOOD AB-FENTAZI EOOD EUROSTART 79 EOOD SENY 69 EOOD BLUE BAG COFFEE OOD BREAD COMPANY BULGARIA AD KOSTADINOV I SINOVE EOOD GEMMOPROCESS OOD MARLEN 1 EOOD TURKON YORDAN STOYANOV ET PLISKA OOD AGROPLASMENT 92 V AD GAGANELOV - ANGEL GAGANELOV ET ROSINI - GRUP OOD BULGARIA TIANSHINONG FIYD KO OOD ARIS 2007 EOOD GEORGI GUSHTEROV - DR ET PATRIOT 2014 EOOD VE-EL 69 EOOD CHOPI-SASHO STANIMIROV ET ZLATINA 91 EOOD VICTORIA NUTS EOOD TER M OOD DIMIS EOOD BULMED 2002 EOOD VIP IVAN IVANOV ET VAL - DANI COMERS 2016 EOOD LAKTIKO OOD ALEKO 2009 OOD SHERI - 2012 - SHERKE IBRYAM ET MISHOV EOOD KARAILEVI I SADRUZHIE SD SOFI 07 EOOD ZHIVKO GROZEV ET ADI KOMERS GRUP EOOD NATASHA - 74 EOOD BULCONS PARVOMAI OOD DINO 2010 STOYAN DINEV ET MAXIM-DENICA EOOD TEDIMEX OOD BAT SHERIF EOOD VALERI MANCHEV 82 EOOD MILENA - RADOSLAV CACHEV ET TANAKA-90-MARTIN MINEVSKI ET HAYAT FOODS OOD MAMI 01-MITYO VASILEV ET RAMARIS EOOD ELKA PIRNAREVA ELI - 2012 ET TONI - A EOOD VIORA PEPO KRUMOV ET SALKO 71 - STOYAN RUSEV ET ELI ELKA NOCHEVA ET MONI MES EOOD SVETLA KASABOVA ET BABA TONKA-NOVA EOOD NANYUK INTERNESHANAL OOD ATRIA V EOOD TED 2005 OOD HRANSERVICEENGINEERING AD PLAMEN KOSTOV - CDM ET DECH EOOD NINAGRAM EOOD SAMI I SHERI EOOD OLEG PANDINOV 2013 EOOD MYUMYUN YASHAROV ET ET AGRO-PRO 85 EOOD AIDA 2010 OOD HELIKOM OOD ANVES SAMARDZHIEVA PETROVA I S IE SD SKITNIK OOD VKUSNA HRANA EOOD BEYKARI-Y.I. 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BOBI PETAR KADINOV ET BAKERI EOOD ELENORA EOOD NIKOLAY KYOSEV ZARINA 95 ET SMM COMMERCE OOD TASHT EOOD EOOD VARAHAIL OOD DANIELA DZHUROVA ET EKO-BILKO EOOD ES EL AY GOLD EOOD SKAY KING EOOD AGRICOLA MARIA GROUP EOOD NASLADA-SONYA ILIEVA ET DIAMANT 93 OOD INTER UARK EOOD KLEN OOD PANONIYA-INVEST OOD ONITRANS 5 EOOD CHICKAS 1 EOOD USTREM OOD HALEVI EOOD BULGARSKA ZAHAR DOLNA MITROPOLIA EOOD SOKOL 69 DIMITAR DIMITROV ET G I D 93 DOBRIN TODOROV ET STAN COMMERCE OOD AZRA- ALI 92 ALI ALI ET OLIMEX OOD RUM OOD IVMES EOOD AMAR EOOD NEPTUN - TODOR NIKOLOV ET YASEN 77 OOD VASKO PETROV AND SONS EOOD LUCKY FOODS OOD MARINELI OOD VERNIER AD VE PE PI VESKO PIPEV ET CANARD COURMET GROUPE OOD DETSKA KUHNYA ANIKA EOOD KOMEKSIM EOOD VITA MOBIL EOOD DIANA I SIE OOD THE LION EOOD ROYAL FRUIT BULGARIA OOD VANIL OOD GEORGIO TEAM EOOD IRNIK EOOD GN TRADE OOD SIMONA - STOQNKA STOQOWA ET BAKERY 2 EOOD BAYRAM - SHEN - BORIS VIDENOV ET ALIBAZ SEVGI ALIBAZOVA ET NEPERSONIFITSIRANO DRUZHESTVO PAPA DELYAN SOKEROV EOOD VIP - 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DIMCHO MATEV ET VERNADA EOOD TANYA PRIM OOD AGROPRODUKT OOD ELENA IVANOVA ET DOCHEV-77 EOOD ZDRAVETS A 86 PETAR STANCHEVSKI ET ZLATNO PILE 2016 EOOD DEMARK EOOD DENIZ - BILHAN ALI ET ZHEKO MONEV ET MELKOM EOOD MECOM POPOV EOOD DIMIRA-7 EOOD NANOV EOOD PALAMUD EOOD TAMIRA 12 EOOD VALANTE EOOD DENI NIKOLAY ASENOV 76 EOOD MARINOVA 7 EOOD PEPI - 95 OOD UONICK MARK OOD ZAFER RUSHI EOOD GAYDAROV OGNYAN GAYDAROV ET MAKRO KOR EOOD VESEFT KATYA DIMITROVA ET TANYA ATANASOVA GERMANOVA ANET DZZD VESELA P-21-PLAMEN FILEV ET MUSI-DJAN 2011 EOOD NEO BG EOOD AGDER EOOD HRISTO KOSTOV ET GEORGI GUSHEV-93 ET JOMIP EOOD ALTO PRODUCT EOOD 2M - NONOV ND SONS OOD KAPSIKUM EOOD AUTO LM EOOD ANDREA BAHRIE OSMAN ADRIANA VELEVA ET PLODORODIE EOOD ZAKUSKI KATI 2 EOOD SARFA - SALIH KEHAYOV ET RIS EOOD DANEKS - GINKA ARNAUDOVA ET MARIVA 75 OOD PATALOV 93 EOOD 35 SeeNews Industry Report

EMONIA EOOD BIO MILK DOBRICH OOD KAPRE EOOD HELAL FUUD BULGARIA EOOD EOOD RONI EOOD GLOBAL RICE EOOD ANDI BB EOOD SUPERAVTOTRANS - PETAR DREBCHEV ET SNACK UNIT EOOD KRASTKA OOD AMBAR 66 EOOD ERO- H - EMIL HADJIEV ET INTERKLAS OOD KANON OOD IVA-91-IVAN IVANOV ET FOODS AND SUPPLEMENTS EOOD GENS-EVGENI MIHAYLOV ET OBNOVA TSANKOV EOOD PREMIUM FOOD BULGARIA OOD NI-KAY 99 EOOD MEGAMIKS 2000 EOOD AYS-GALAB-MARIYA ALEKSOVA ET VALEV I VASILEV OOD ENOLA MES OOD KINTI TSENOV I PETROV SD RILA MILK MES EOOD MARTI 17 EOOD TOPLI ZAKUSKI 11 EOOD EMADIA 2000 EOOD KIBELA ZEFIRA YANCHEVA ET KRISTIYAN 04 EOOD KOYCHEVI-LILYANA KOYCHEVA ET PICANTA CO EOOD SIURPRIZ TD OOD BAMBALETO EOOD ACHELA EOOD MIRO I KRIS EOOD ALIANA - ASAN SMAIL ET VITA HERB INT EOOD LYUNEBES EOOD LILAN 03 EOOD GEB-16 EOOD MARINA KEHAIOVA ET UZUNOV 2005 EOOD GAVROSH OOD BANICHARNICATA EOOD GALEYA - GD EOOD D-A EOOD SLUNCHEV PLOD AD KETI YU OOD STOYAN KANCHEV MORSKI ET PLISKA OIL OOD MLO INTERNATIONAL EOOD ZAHAR EAD DAFLORN OOD MSTM EOOD BAKEHOUSE BM EOOD SEVGINAR - 15 EOOD A S T - 2000 EOOD TANDEM V OOD ZORIS 27 EOOD CEKO & KO EOOD DZZD AKULA EVELIN BULGARIA EOOD TRIMEKS DIMITROV MAKSIMOV ASAAD OOD DONI M OOD DZZD NYUSIMEL TODOR DIMITROV-64-STANISLAV DIMITROV ET AGRO LOZNITSA OOD LINDAN EOOD SHANDI - ANGEL YOVCHEV EOOD ANETA MITEVA - MELISA ET EMO ZARALIYATA EOOD EOOD DIKSI DR OOD ZLATNI HRANI EOOD YASENKA UZUNOVA ET ELIT PAKT EOOD ASTERA - M OOD TAVITA 17 EOOD MAKSIKOM GRUP OOD BEE HOME - BG OOD DOBRIYANA ANGELOVA - MAGI ET GERADA OOD KLASIK EOOD PENCHEV-2002 EOOD AGROPLANT EOOD KAROL FERNANDEZ MEAT OOD ESETRA COMMERCE EOOD TSVETI TSVETELINA NEDYALKOVA ET BIO PEK EOOD GLORYA-KIRCHO HRISTOV ET ATESA COMMERCE OOD MLADOST 2002 OOD AGROBIOTEH PROIZVODSTVO EAD ET ZP - IBRAHIM HADZHI KREP 20 OOD ILIYA BOZHIKOV ET PRO BAKERY ART OOD RAVI1994 EOOD TR571 EOOD TUGAY A EOOD DJAV EOOD CVETAN MARINOV-MARYKA GEORGIEVA ET ROANA 16 EOOD TOPLOKONTAKT SLIVEN EOOD NATURAL CHOICE EOOD TIP CONSULTRADE OOD REMINA EOOD LYUBKA KOLEVA - MISHA ET ISIM - IVAN MAVROV ET PE I TA EOOD GURMAN-2013 EOOD STANMARG TSANEV I SIE SD KONTRAKT - NIKOLAY GADZHEV ET BLACK SEA FEED AD ANRO 73 OOD HLEBOPROIZVODSTVO I SLADKARSTVO TSVETAN YOSHEV ET TRUDOVO-PROIZVODITELNA KOOPERATSIYA STUBLA M VESELIN BELYOV ET VELINGRAD EOOD PIRIN VARNENSKI PALACHINKI DZZD NEDEV STIL EOOD SYUZAN 90-YUMIGYUL SHERIFOVA ET V I P-111 EOOD PLAMEN-DETELINA EOOD EOOD DASINA-DUO OOD SIMON-STEFKA GEORGIEVA ET PRIMA MV OOD DZHULINKA EOOD EOOD GLOBALTREYD DISTRIBYUSHAN EOOD MED I MASLO 2017 EOOD MESLUX EOOD KRASI - 76 GK EOOD VANILLA KITCHEN OOD SIMID SOFIA OOD HRIZANTEMA YU S I YULIAN ILIEV ET GITAN CORPORATION OOD INA 2012 OOD ANASTAS ANCHEV EOOD EN I KO OOD BIJOU-G OOD CHERVENATA STRELA - MARGARITA GREEN DOT EOOD BONBONA EOOD TOTOMANOVA ET REGION FRUIT OOD NARIMA EOOD VOOR-09 OOD TOSKOV EOOD POLI 1975 EOOD JOVAN EOOD DENCH HRISTOV-2013 EOOD MILENIUM-VV EOOD MAGI N GEORGITSA GEORGIEVA ET KASPAR KET EOOD SANI 0408 EOOD EVROGAZ OOD SAMI - N OOD BIILIYF EOOD MILICA LAZAROVA - 90 ET BOBI BOZHANKA PEYCHEVA ET KORTENSKI MLECHNI PRODUKTI EOOD DEKARDI FAST FUUD EOOD DA BEYKARS OOD KETCHUP - FRUKT 99 AD ELEONORA 44 EOOD HERITAGE GROUP EOOD DENIMI 2007 OOD BOEM EOOD SNACK ART AD SAKARELA OOD YURKIE MAHMUD ET AYTACH - 2016 EOOD EOOD GAF OOD PRESTIGE-96 AD ELLI - 2008 EOOD LYUBIMKA OOD GUNTER - 12 EOOD RELAKS MILK OOD SIANA - ANTOANETA TOMOVA-RAYNOVA ET RODINA - AGRO EOOD FONTE FRESCO EOOD NAKI NSH EOOD BIOMAK EOOD MILKKOMM OOD R. MINEV 2013 EOOD MISTO EOOD KRASTILOV OOD AHCHIEV-DI EOOD GRANDE PIKOLA ITALIYA OOD OOD MAMI 01 EOOD FIKONI I SIE EOOD EOOD ILEA - M EOOD STONIKO EOOD MJOOBIUS-KL EOOD AGI-3 EOOD VENINI - VESELKA MITREVA ET NAFI - 79 OOD KRICHIMFRUKT OOD LILIA - 86 OOD NUTRIKOZMETIKS OOD OOD APOLON-MIHAIL DIMITROV ET ET POPA EOOD POLMO P EOOD BABOV EOOD BALKAN - 2012 EOOD ANARA1 OOD FEYA - NIYAZI CHANAK ET PRISTA COMMERCE OOD MEGAL 2001 OOD MALINA OOD NOVA ZORA 2015 EOOD BORISLAVA KOMERS 2012 EOOD ILCHOVSKI 94 EOOD RA - 1970 EOOD SWEET HOUSE DJIL EOOD ORGANIC FOOD EOOD IOANA 2001 EOOD POLIDEY-EN - NIKOLAY VELINOV ET VOYNOVI 2 EOOD EKOBIM EOOD DANI 1 OOD SEVDA TODOROVA-SABI-23 04 ET NESI - MURAD MEHMED ET BRATYA PEPEC OOD VASI 78 EOOD MARA MARINOVA - MIRSLAV ET DJIEV K EOOD PEKARNA 2012 OOD DANI YORDANKA KITANOVA ET KEYT - 55 OOD TANGRA - ASEN SPIROV ET KEY FUDS EOOD EOOD ZHINT ZHIVKA PAVLEVA ET MARIA PUNEVA ET SANKIISKI EOOD SAMI KRIS - KRASIMIRA SADOVA ET SAMI TRADE 76 EOOD BADZHO EKSPRES EOOD GALPLAM OOD STOGO ZHELYAZKOVI OOD VIOLA 2013 EOOD SIMID AGRO EOOD PANCETARING EOOD ANNA MLADENOVA RUMINA 777 ET NIKOLAY MIHAYLOV NIKE 74 ET VADIS - 2001 OOD PANIFEX OOD SURAY 85 OOD KESH - KALIN GOCHEV ET REDSTAR-1 OOD VIHT IVAN NENCHEV ET BRATYA GEORGIEVI BULGARIA EOOD DAIRY PRODUCTS OOD NIKOL TRADE EOOD HLEBOPROIZVODSTVO KAZANLAK EOOD SNELA 61 EOOD RASHKOVSKI TREYD EOOD MERI - MITRA VALEVA ET SEVI - IBRYAM SMAILOV EOOD VALENTIN IVANOV VALPI OFER ET BOKAROSA EOOD 36 SeeNews Industry Report

MIKA S - MARGARITA SIMEONOVA ET MORA KETARING EOOD EOOD NIKOLAI STAMCHEV ET PETAR NIKOLOV EOOD MILEN VANEV TANOV EDA 89 EOOD EOOD YORDANKA PETROVA-MIRA91 ET NISA PROPERTIES EOOD NEW PHARMACY EOOD SHUMEN-EVROPA EOOD ILEN 2014 EOOD DZHODI - 2015 OOD DANI 2007 EOOD DVETE FUKLI OOD GENOV MES EOOD FEBKORS EOOD AGENA 13 EOOD KOKO - DIMITAR PACHEDZHIEV ET RIVAL INVEST EOOD GALA TRADITHIA OOD TOM CONSERV OOD MELEK 2012 EOOD BILTRANS VELEV EOOD MESIKA EOOD BIO SOLUTIONS OOD ROYAL BAKERY OOD SIMIDITE EOOD PHIL SWEETS OOD ISKO EOOD ZHIVKA MIHALKOVA - ANZHELIKA ET AFRODITA D J OOD ALBISTA OOD BELANITSA 1 EOOD EKOTEST EOOD STAMEKS 2000 OOD BIOEX OOD TIMI - 14 EOOD PETKO YANAKIEV ET NATURA VITA EOOD SNEP GRUP OOD ELIVA - 10 EOOD BALKAN M.D. OOD BALCKO AGRO PRODUCT EOOD ZORA VEK EOOD NIKONA DELI - A EOOD DOLYA 9 TSENEV EOOD BULTES OOD MIG 6 OOD TRAKIYA - MARIYA GRAMINOVA ET DAGON - FISH EOOD CECI 88 - VERA CHUKARKOVA ET DTK OOD ERA EOOD FIKRIE HASAN ET BG PASTA OOD NYU FUDS AD DIANA 14 DIANA IVANOVA ET ANTIK 2012 EOOD VIOLA.4 EOOD EOOD METAFUUDS EOOD DZHAROF EOOD FZ VASIL KOSTOV OOD RADOST - PETAR MITEV MITEV ET RAMAS OOD NEGUS 96 OOD ILINA 99 EOOD FRESH SIKRETS EOOD EOOD SONI A 22 EOOD GKV 2 EOOD PE NI EL 1 EOOD MILAN 03 EOOD HIP COMMERS 1 EOOD ST SL RA EOOD SAK FUUD OOD OUSHAN PIK OOD MIDIST OOD LEVENT - ASAN SALIEV ET RESMI KOMERS - RESMI YUSEIN ET MAK RADKA SHTILIANOVA ET KADIEVI - 90 OOD FUKOTEKS - VASIL VASILEV ET ALIBABA - ALI EREDZHEP ET ARTEKS GYULSER BEYTULA ET KALIN HADJIEV EOOD ROSITSA 2010-ROSITSA VASILEVA ET KALIFORNIA VASIL MISHEV ET UNCLE STATIS EOOD BALKAN - 2015 EOOD EOOD HLEBOZAVOD HADJI DIMITAR OOD LAZEV EOOD EOOD INFINITO-999 EOOD HEALTHY BARS OOD IVTONI SHOPOV EOOD SOFITO BULGARIA OOD OOD POLI 2014 EOOD VERDURA YORDAN PETROV ET ZAHARNITSA OOD ANA CHANKOVA-86 ET NV HERBAL CARE EOOD VEKIR - RADKA BELEJKOVA ET BARUTA GEORGI HRISTOV ET LORELAY EOOD ZORA M93 TODOR BORISOV ET DOLORES SNAKS EOOD TONI PETROV ET IVMAR BAKERY EOOD PERLA 04 OOD NATISLAV EOOD ANGEL KOSTADINOV NASLADA KOSTADIN MIHAIL BAZHDAROV ET HLEBORAMA OOD YANA EOOD HAZUROV ET SUN FOODS EOOD MLIN-97 AD GENEX FOOD EOOD EVRIKA AMO EOOD NIKO SG EOOD VASILKA BELOPERKINSKA-37 ET HLEBOZAVOD GABROVO OOD MEANDER OOD EMILIA KOVATCHEVA ET MK FERA VITA EOOD SVILENA-77 EOOD R A 03 BOBI OOD RUMDO - 73 OOD ARKTUR GRUP 1 EOOD INTERMENYU 65-M - MALINA PALIKAROVA ET HAND EOOD HAMELEON EOOD DRB AD FROST BG EOOD LAKTIS EOOD CHOKO WAVE OOD BULCHICKEN AD GLOBAL AGRO SEVER EOOD TITA 2001 EOOD RIK 98 KOOP BLAGAYATRAPEZA OOD ABLAMILK EOOD ALIMET OOD VIV-94 EOOD PARADIZO BULGARIA EOOD SVETLANA - SVETLA MITEVA ET KANELA - MED OOD ELVESTA 69 EOOD DFESHAN EOOD IRINA ANGELOVA ET GENERAL TRADING AND PRODUCTION OOD BARK OOD VALERIA-EXPRES - GIVKO CVETKOV ET YOZAYGYUL EOOD STAMAGE EOOD PASKAL - ANTONIO ATANASOV ET V GYUROV & CO EOOD HRISIMA 07 OOD BRATYA PILEVI OOD CHOPI-GARANT EOOD DANI DANAIL DEYANOV ET MAYA FILIPOVA - 13 ET ZHIKA FOODS EOOD IBO IBRAHIM KESEZHI ET KRASENECA - M MIHALEV ET BI EM PI 202 EOOD ELVI OOD BORIS YORDANOV 2009 OOD AKTUAL OOD NADEZHDA BRATYA GARKOVI OOD AZURIT INVEST EOOD SEVEROIZTOCHNA MLECHNA KOMPANIA EOOD BIS TRADE BULGARIA EOOD TOBOS OOD ASEL -M EOOD FARGO GROUP EXPORT AD SHIRIN - 05 EOOD SHENER - YUKSEL SEID ET BIOPEK 2 OOD PANOV 95 SPAS PANOV ET FURNA ZVEZDICA OOD D I P OLIVES OOD LAZUR ATANAS ATANASOV LIDIA ATANASOVA ET LILIA FILDOSKOVA ET BOREL KN EOOD RESMI KOMERS EOOD HEALTHY OILS EOOD ELI COMERS 65 EOOD FLOUR CRAFT OOD LSG-2 OOD OOD TANYA FINDRINA ET YORDAN KOSTADINOV USTREM ELENA PRIMA - TT EOOD ZLATEN PLOD P EOOD ZAGORE KOMERS BG EOOD KOSTADINOVA ET DIKMONT OOD NERA - NEDZHIB RASHID ET AGOCOMMERCE ALEV AHMED ET PLESNEVI EOOD DEKOVIS OOD KOOPERATSIA MEGAKOL KOOP VALDI GRUP - M EOOD MARINOV 92 MARIN MARINOV ET KRASI-04 EOOD PRI VANYA EOOD PETROV SARBINOV OOD YUNIVARS 217 EOOD SINEVA 7 EOOD SPASENA EOOD TECHNOCHIM BG OOD NIKE - HRISTINA SEMOVA ET TESARA A OOD MAKS 16 OOD RICH END SMART 92 EOOD FAUSTINA GROUP EOOD AGNIPEL EOOD AS & FORI OOD MIRO M 07 EOOD BAI BISER EOOD RUSHI SHANS-GALI 1 EOOD YOSKO SEVDA KALAYDZHIEVA ET PRO-FOOD EOOD SAVADA OOD DYULGERING OOD STIBI 1 EOOD SATUTN 13 EOOD BUROK - AKIF MEYSUDOV ET NANSI M 71 EOOD APOLO 35 EOOD ZARNO I HLYAB 1 OOD OOD KARMELA 2000 OOD OLINA 2000 OOD DZHI TI ES GRUP OOD MILANOV POPOV OOD HELIOS OOD SLADKAR - ANI - ANGELINKA PEEVA ET KONSERVINVEST OOD POLI VITA EOOD BOGATI 09 OOD NISA FOODS EOOD KLIENTI EOOD GERI GERGANA KALVACHEVA ET IVAYLO POPOV-2012 EOOD MILEN MANOLOV - 15 EOOD LACTOCOM EOOD 96 AGROGRUP OOD SLANCHO AD KATERINI 88 OOD VI END KEY OOD OOD ZOYKA NIKOLOVA ET EDODI - EU EOOD KRASIMIR MIREV ET RODOPA 2005 EOOD ANORMAL EOOD I - EM - 03 EOOD MERTS DIMITAR ATANASOV ET BEYKARI INGRIDIENTS BULGARIA OOD MICHEL - 2013 EOOD MEGI 2009 EOOD MEGA TREYDING NRG OOD ANI - YANKA BRUSEVA ET EVROMES OOD ATI AKSEL OOD 37 SeeNews Industry Report

NARA OOD KOMEKSIM VV EOOD EOOD 38 SeeNews Industry Report

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