Resolutions from KELER and KELER CCP Annual General Meetings

Dear Client,

The Hungarian CSD, KELER, and KELER CCP held their Annual General Meetings on 28 May 2014 and the below resolutions have been published.

Resolutions of KELER General Meeting

• the GM accepted the 2013 company report with a balance sheet total of HUF 170.5 billion, profit before tax of HUF 2.5 billion and HUF 1.9 billion profit for the period
• KELER Group transfers the net result to retained earnings in order to keep the financial stability needed for developments that ensure the effective future operation
• the GM decided to extend the joint and several liability provided to KELER CCP Ltd. until the EMIR license is received, but no later than the day of the 2015 Annual General Meeting
• the GM elected Attila Tóth, General Deputy CEO of BSE, as Board member. He will assume the position after Hannes A. Takacs leaves the Board. Simultaneously Attila Tóth resigned from the KELER Supervisory Board membership
• the GM elected Attila Varga-Balázs, Director of BSE, to the Supervisory Board
• the GM approved to change the full name of the company to KELER Központi Értéktár Zrt. (KELER Central Securities Depository Ltd.) and the headquarters were relocated to 1074 Budapest, Rákóczi út 70-72.

Resolutions of KELER CCP General Meeting

• the GM accepted the 2013 company report with a balance sheet total of HUF 25.6 billion, profit before tax of HUF 131 million and net result of HUF 123 million
• the GM elected Attila Tóth, General Deputy CEO of BSE, as Board member. He takes the position after Hannes A. Takacs leaves the Board. Simultaneously Attila Tóth resigned from the KELER CCP Supervisory Board membership
• the GM elected Rita Szalay Dr. Zsarnovszkyné, Director of BSE, to the Supervisory Board
• the GM approved the relocation of the KELER CCP headquarters to 1074 Budapest, Rákóczi út 70-72.

Impact on investors: On KELER and KELER CCP Annual General Meetings, it was decided to transfer the net result to retained earnings, new members to the Board of Directors and to the Supervisory Board were elected, and the name change of KELER, as well as the address change of both KELER and KELER CCP was approved.