CV

Name: SVETOSLAV RASHEV IVANOV

Date of birth: 18 September 1968, Yambol

Current position:

Since August 2015 – Deputy Executive Director Marketing and Advertising in Overgas Mrezhi AD

2003 – to present Member of the Board of Directors of Overgas Inc. AD

Education:

1992 -1995 M. Sc. in Industrial Management German Faculty of Engineering Education and Industrial Management, Technical University of Braunschweig, Technical University of Sofia

1988-1993 M. Sc. in Powerdrive AutomationAutomatics Department , Technical University of Sofia

1986 -1982 High School of Mathematics, Yambol

Other qualifications:

1995 - Specialization in ETEC GmbH (Center for Technology and Development in Essen, Germany), SWE GmbH (undertaking for gas, water and power supply to the municipality of Essen, Germany), MVV GmbH (undertaking for gas, water and power supply and public road, rail and river transport of the municipality of Mannheim, Germany);

1997 - Specialized training in the field of energy regulation and management of infrastructure projects in the Academy of Management in Zelle, Germany and practical training in various energy companies in Germany;

Professional experience:

2006 – August 2015 Deputy Executive Director Corporate Development in Overgas Inc. AD - responsible for Strategic company development, implementation and operation of the quality management system in the company, management of projects for emissions trading,

Svetoslav Rashev Ivanov

management of cross-border company projects, management of natural gas supply for the Bulgarian market;

Major achievements:- First sales of natural gas at unregulated market in

Bulgaria;- Successful completion of three contracts to sell ERUs

to the Dutch and Danish governments;- Successful defense of Overgas positions on the

Bulgarian market in the wake of the "gas crisis" in early 2009;

- Successful initiation and implementation of amendments to the Bulgarian legislation on gasification;- Developed and implemented new common terms and conditions for distribution and supply of natural gas;- Development of several projects for the National Programme for accelerated gasification;

2010 – to present Chairman of the Board of Directors of Overgas CNG AD - the largest Bulgarian company for the supply of compressed natural gas (CNG) in Bulgaria.

Key achievements:

- a threefold increase in the company's sales and gaining leadership at the CNG market in Bulgaria;- laying the foundation of the CNG supply to the local distribution networks in Bulgaria.

2003 – to present Member of the Board of Directors of Overgas Inc. AD

2005–2006 Deputy Executive Director Corporate Structure in Overgas Inc. AD - responsible for the implementation and operation of the quality management system in the company, the management of equity investments in subsidiaries, obtaining new licenses for distribution of natural gas, communication with the State Energy and Water Regulation Commission, the management of new projects of the company;

Achievements of the team managed: Extension of the license for Sofia to 35

years; Prepared consolidation of subsidiaries in

North Bulgaria - six in one; Embedded documents of the Quality

Management System for group of companies in Overgas Inc. AD.

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Svetoslav Rashev Ivanov

2004-2005 Deputy Executive Director Marketing, Sales and Development in Overgas Inc. AD - responsible for the company’s new projects, the management of sales and advertising, obtaining new licenses for distribution of natural gas, communication with the State Energy and Water Regulation Commission, the management of natural gas supply contracts;

Achievements of the team managed:

New licenses for another 20 Bulgarian municipalities;

48% increase of sales within a year; 55% increase in sales revenue Increase the number of customers by 2.2

times.

2003-2004 Head of the Executive Director’s Office of Overgas;1998–2003 Director of Marketing and Sales Department in Overgas

Inc. AD

Achievements of the team managed: Average annual sales increase - 36%; Average annual revenue growth of sales - 63

%; Territorial expansion of markets - from 5

cities in 1998 to 24 in 2003, including the biggest Bulgarian cities - Sofia, Varna, Burgas, Ruse, Stara Zagora, etc.;

licenses obtained for distribution of natural gas to the territories of 24 Bulgarian municipalities with a population of about 3 million;

Contracts for the sale of over 2 million. ERUs (Emission Reduction Units) under the Joint Implementation scheme.

1998-1999 Member of the Board of Management of Overgas Inc. AD 1998-1996 Advisor to the Executive Director of Overgas Inc. AD1996-1994 Expert in the Economic Efficiency Department, Overgas Inc. AD1994-1994 PR and Advertising Expert , Overgas OOD

Experience as a member of collective governance bodies:

1997 to present Member of the Boards of Directors and / or Executive Director of the majority of the subsidiaries of Overgas Inc. AD including the gas distribution companies in Sofia (Sofiagas EAD), Varna (Varnagas AD) (Gazosnabdyavane Ruse EAD), Burgas (Burgasgas SAD), Veliko Tarnovo, Gorna Oryahovitsa and Lyaskovets (Rahovetsgas AD),

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Svetoslav Rashev Ivanov

Razgrad and Isperih (Gazosnabdyavane Razgrad AD) Novi Pazar (Gazosnabdyavane Novi Pazar AD) Pavlikem (Pavgas AD) Levski (Plevengaz EAD).

NGO experience:

2003–to present Representative of Overgas Inc. AD in the Working Group on Energy at the European Business Congress (NGO of energy companies and financial institutions chaired by the Chairmen of the Management Boards of Gazprom and Deutsche Bank). Representative of Overgas Inc. AD in the International Energy Council.Representative of Overgas GEODE - GEODE is made up of European local distributors of gas and electricity companies across Europe. The association represents more than 1200 companies in 15 countries, both privately & publicly owned.

1997 – 2000 Member of the Management Board of the Bulgarian Association Natural Gas;

Languages:German, English, Russian

In brief:

Manager with over 20 years of management experience managing:

- A contract for the supply of natural gas with an annual turnover of nearly USD 1 billion;

- The creation of the largest gas distribution companies in Bulgaria including in Sofia, Varna, Razgrad, Ruse and others;

- The development of the first teams of natural gas traders in Bulgaria.

An expert whom gas community in Bulgaria recognizes as:- the public face of the Overgas Group with more than

15 years experience;- author of numerous publications and studies;- participant in dozens of public and closed discussions

on energy in Bulgaria;- representative of the Overgas Group in a number of

international and national industry organizations and NGOs.

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