Piotr Kaczmarek

Member of the Supervisory Board

A graduate of the Adam Mickiewicz University in Poznań, he holds the CFA (Chartered Financial Analyst) designation and a securities broker license. He has been professionally involved in the capital market since the beginning of his career, with 19 years of experience in the analysis and valuation of financial instruments. He managed the equity portfolios of Poland's two largest pension funds: ING OFE and Aviva OFE. He is a co-author of the first "Corporate Governance Principles" on the pension fund market, which served as a benchmark for the industry. Initially, he worked as a securities broker at the BMT S.A. Brokerage House (1994–1995) and Bank Handlowy w Warszawie (1997–1998), and subsequently as a capital market dealer at Bank Amerykański w Polsce S.A. (1999–2000). Between 2000 and 2008, he was associated with ING Nationale-Nederlanden Polska PTE S.A., where he held the successive roles of equity analyst, equity portfolio manager, and equity investment director. In 2006, he was appointed a Member of the Company's Management Board and took the position of Investment Department Director. From 2009 to 2010, he served as a manager at Skarbiec TFI S.A. From 2011 to May 2016, he worked at Aviva PTE BZWBK S.A., holding the positions of senior analyst and equity portfolio manager.

He has extensive experience serving on the audit committees of listed companies. In the past, he served as a member of the supervisory board and chairman of the audit committee at ROBYG S.A., and as a member of the supervisory board and audit committee at HARPER HYGIENICS S.A. and Erbud S.A. Currently, he serves as a member of the supervisory boards and audit committees of the following public companies: Grupa Kęty S.A., Develia S.A., Śnieżka S.A., VRG S.A., and Ferro S.A.

An independent member within the meaning of capital market regulations and the Act on Statutory Auditors.

According to the submitted statement, the Supervisory Board member’s professional activity conducted outside the Company is not competitive with the Company’s operations. She does not participate in any competitive company as a partner in a civil or partnership enterprise, nor as a member of the governing bodies of a capital company. She is also not involved in any other competitive legal entities as a member of their governing bodies. The Supervisory Board member has not been entered into the Register of Insolvent Debtors maintained under the National Court Register Act.