Opportunity Bank Montenegro is a fast growing commercial bank focusing on Micro- and SME Businesses and is based in Podgorica, Montenegro

PURCHASE OF SHARES

BFSE acquired a Major Stake in the Bank

Legal Advisors to BFSE: Osborne Clarke UK,
Law Office Vujacic Montenegro

April 2007

www.opportunitybank.cg.yu

Vaba Banka Varazdin is a commercial bank established in 1994 and re-launched in 2006/2007 with head offices in Varazdin, Croatia

CLOSED ISSUE OF NEW SHARES

Euro 17m New Issue of Capital

Legal Advisors to BFSE: DLA Piper London, Zagreb

August 2007

www.vaba.hr

IK Banka is a commercial bank established in 2002 with a balance sheet of Euro 92m+. The bank operates throughout the Republic of Macedonia

PURCHASE OF SHARES

June 2007

www.ikbanka.com.mk

Vakufska Bank is a commercial bank established in 1992 with head offices in Sarajevo, Bosnia-Hercegovina

CLOSED ISSUE OF NEW SHARES

Euro 18m New Issue of Capital

Legal Advisors to BFSE: DLA Piper London, Sarajevo

August 2007

www.vakuba.ba

Microinvest is a non-bank financial institution focusing on micro- and small enterprises. Microinvest was established in 2003 in Chisinau, Moldova.

CLOSED ISSUE OF NEW SHARES

Euro 3.7m New Issue of Capital

Legal Advisors to BFSE: Osborne Clarke UK,
Turcan & Turcan Moldova

December 2007

www.microinvest.md

Credins Bank is the largest bank in Albania which is majority-owned by local shareholders. The bank holds total assets of c. Euro 300 million (Dec-07).

CLOSED ISSUE OF NEW SHARES AND
PURCHASE OF SHARES

Legal Advisors to BFSE: Osborne Clarke UK, Wolff Theiss Albania

February 2008

www.bankacredins.al