Iwona Sroka to join Supervisory Board of Skarbiec TFI S.A.

SKARBIEC Towarzystwo Funduszy Inwestycyjnych S.A.  has announced that on November 23rd 2017 the Skarbiec TFI General Meeting passed a resolution to appoint Ms Iwona Sroka, PhD, as member of the Company’s Supervisory Board. Ms Sroka has been involved in the Polish capital market for more than 20 years. She served as the CEO of the Central Securities Depository of Poland (KDPW) and KDPW_CCP for nearly three terms, and previously as the CEO of KDPW_CLEARPOOL clearing guarantor and a Director at the Warsaw Stock Exchange. She holds a PhD degree in economics and is a lecturer at the University of Warsaw. Now Ms Sroka joins the
Supervisory Board of Skarbiec TFI S.A., one of the leading investment fund management companies in Poland.

Iwona Sroka, PhD, comes with high qualifications and extensive capital market experience. In recent years (2009–2017), as the CEO of the KDPW Group, she was responsible for the implementation of the company’s key development projects, including efforts to adjust the Polish financial market to the requirements of international competition and the EU regulations, a part of the strategy developed by the company’s management board under her oversight and consistently implemented since 2009. As the CEO of the KDPW Group, Ms Sroka introduced a range of systemic changes at the company, which led to the development of a unique and most advanced post- transaction infrastructure in the CEE region, and helped the KDPW Group to launch its services outside Poland,
for clients in the EU markets. In 2014, KDPW_CCP obtained authorisation under the European law to clear transactions in the Polish złoty, and in 2016 the authorisation was extended to include euro-denominated trades.

In 2012, in line with the strategy developed under the direction of Ms Sroka, a trade repository was established at KDPW (KDPW_TR), and was one of the first four such repositories in Europe to have been registered with ESMA (European Securities and Markets Authority). As the CEO of KDPW, Ms Sroka also led the depository’s efforts to develop its activities as a numbering agency; currently KDPW assigns ISIN, CFI, FISN and LEI numbers to financial instruments and entities.

Iwona Sroka was among the initiators of the Capital Market Congress – an annual meeting of capital market theorists and practitioners. The main purpose of the Congress is to disseminate specialist knowledge on the Polish capital market in the academic community. The next Congress will be held on December 6th 2017 at the University of Warsaw.

During her term as the CEO of KDPW and KDPW_CCP, these organisation received many awards for their outstanding achievements and commitment to the development of the Polish financial market, including from: the Polish Chamber of Brokerage Houses (in the category “Institutions cooperating with the Chamber”), Bloomberg Businessweek Polska (the “Luminatus” award for OTC derivative clearing, provision of Numbering Agency services, and operation of the KDPW_TR trade repository), SAP Poland (for innovation), Employers of Poland (“Vector”), and IBM (“COMMON Europe/IBM Innovation Award”). KDPW was also named one of the most innovative companies in Poland by the Institute of Economics of the Polish Academy of Sciences and the International Research Network.

Ms Iwona Sroka has received a number of awards, the most important of which are: “Pillar of the Capital Market (Association of Individual Investors)”, “Bulls and Bears" statuette for special contribution to the development of the Polish capital market (the Parkiet Gazeta Giełdy daily), “TOP20 Managers in Crisis” (the WPROST weekly), and Skarbiec Towarzystwo Funduszy Inwestycyjnych S.A. with its registered office at ul. Nowogrodzka 47 A, 00-695 Warsaw, Poland, District Court for the Capital City of Warsaw in Warsaw, 12th Commercial Division of the National Court Register, entry No. KRS 0000060640, Tax Identification Number (NIP): 521-26- 05-383, share capital of PLN 6,050,505, paid up in full.

“50 Most Influential Women in Poland” (the Home & Market monthly). In 2017, Ms Sroka has been included in the list of 1000 most influential people in the global financial markets structure published by Patrick L. Young in “The World’s Most Influential People in Market Structure”.

“I am very pleased that Skarbiec TFI’s shareholders have appreciated my qualifications and experience in the capital market. For me personally, this marks the beginning of a new chapter in my professional career – no less fascinating than the one when I was focused on market infrastructure. I still wish to do more in that area. At Skarbiec, I will commit to its activities with the highest professionalism and in line with best practices of corporate governance. My primary role will be to support the Management Board and their efforts to deliver the Company’s strategy, and to facilitate Company’s effective communication with the financial markets in Poland and abroad,” said Ms Sroka.