April 11, 2008

DT&T, in a team with United Bulgarian Bank, advise Railroad Infrastructure AD on disclosure and other securities law matters related to its initial public offering and listing

New major business will be listed soon on the Bulgarian Stock Exchange - the Bulgarian regulator has approved the prospectus of Railroad Infrastructure AD (the “Issuer”) and its initial public offering is forthcoming. Though the value of the offering is not significant (€14 million), it is worthwhile noting that the current market conditions in Bulgaria are not favorable and a number of IPOs have been recently cancelled.

The Issuer, together with its subsidiaries is a market leader in Bulgaria regarding to production, repairs and modernization of railway lines and railway stock Among the Issuer’s competitive strengths are its facilities of significant value and production capacity with wide geographic spread thorough the country, a functioning quality control system ISO 9001, licenses for its core activity, as well as experienced management, dedicated to exploit future growth opportunities and maximize value for the shareholders.