Dear Clients,

In relation to the adoption of the euro as the official currency of the Republic of Bulgaria as of January 1, 2026, and the resulting changes in the securities transaction settlement model in the country, we would like to inform you of upcoming amendments to our Schedule of Fees.

With the adoption of the euro, all euro-denominated securities have been registered in the T2S (TARGET2-Securities) platform of the Eurosystem. This necessitated a significant change in the communication protocol for transaction processing, now requiring mandatory SWIFT messages for connection with T2S. This has led to an objective increase in the fixed costs charged by the Central Depository AD (CD) for transaction processing.

Key Changes:

• The minimum commission for transactions with shares, rights, and compensatory instruments on the Bulgarian Stock Exchange (BSE) executed through the EFOCS platform will be increased from €2.05 (BGN 4.00) to €3.50 (BGN 6.85) per executed order.
• This increase is necessitated by the objective rise in the fixed costs of processing a single transaction, resulting from:

1. An increased number of mandatory SWIFT messages for communication with T2S.
2. A revised structure of settlement fees charged by the Central Depository.

• Guided by our long-standing concept “Making Capital Markets More Accessible,” we are keeping unchanged the percentage rates of the brokerage commission for transactions with shares, rights, and compensatory instruments on the BSE executed through the EFOCS platform, specifically:

• 0.30% of the transaction value for retail clients;
• 0.20% of the transaction value for professional clients.

You can review the full content of all amendments to the Fee Schedule here.

Thank you for your trust!

Sincerely,
EF Team