Warrants Prospectus

Notification under Art. 89t of LPOS regarding public offering of warrants by “Sopharma” AD

                 Sofia, Bulgaria, November 5, 2021 – According to the requirements of art. 100t of LPOS, “Sopharma” AD (SFA: “BSE-Sofia” AD, SPH: Warsaw Stock Exchange) notifies that “Sopharma” AD, with registered office and address of management Sofia, 16 Iliensko Shosse Str., UIC 831902088, LEI code 097900BGGW0000048796, pursuant to Art. 89t of LPOS, notifies all shareholders of the company and all interested parties regarding the start of an initial public offering of warrants. The warrants have ISIN BG9200001212. The prospectus was approved with decision № 804 - Е of 04.11.2021 of the Financial Supervision Commission. All interested parties can get acquainted with the prospectus on the FSC website, on the website of “Sopharma” AD (www.sopharmagroup.com), on the website of the investment intermediary “MK Brokers” AD (https://www.mkb.bg/) and on www.x3news.com.

                 The number of offered securities is 44,932,633 warrants.

                 The minimum number of warrants that must be subscribed for the issue to be successful is 22,466,317 warrants. Any interested person may subscribe for at least one warrant if he holds at least three rights and a maximum number of warrants equal to the rights he holds divided by three.

                 The issue price of one warrant is BGN 0.28.

                 All warrants entitle their holders to subscribe for shares from a future capital increase of “Sopharma” AD at a currently determined exercise value of BGN 4.13. The right to subscribe for shares may be exercised within 3 years in the manner described in the issue prospectus.

                 The date of publication of this notice is considered to be the starting date of the public offering. The date on which warrants of the current issue can be subscribed at the earliest is the first working day after the expiration of 7 working days after the publication of this notice under 89t. The starting date for transfer of rights ю is the first working day following the expiration of 7 working days from the starting date of the public offering. The last date for transfer of rights is 15 calendar days after the start date for the transfer of rights. In case the term expires on a non-working day, according to the rules of the Law on Obligations and Contracts, the deadline for the transfer of rights is considered to be the first following working day. The term for subscription of warrants expires 15 working days after the expiration of the term for transfer of rights. It is not allowed to subscribe warrants before the initial and after the last date for subscribing warrants. The terms for transfer of the rights and subscription of the warrants can be extended one time by Sopharma AD to up to 20 days, by making the respective amendments to the Prospectus. According to Art. 89l of LPOS, Sopharma AD immediately announces in the FSC and publishes on the website of the issuer and the investment intermediary, a notice for extension of the subscription period.