Supervisory Board Report

Throughout the financial year, the Supervisory Board carried out the tasks required of it by law and the Company’s Articles of Association.

At its meetings, the Supervisory Board engaged primarily in the supervision and monitoring of the Company’s management, its business operations and performance, the investment portfolio balance and returns, and the fulfilment of the Company’s 2015 financial and business plans.

The Supervisory Board reviewed the Company’s annual financial statements for 2015 and the accompanying auditor’s report. In line with the audit opinion, it found no impediments. Against this background, the Supervisory Board recommends that the Company’s General Meeting approve the annual financial statements for the 2015 accounting period.

Prague, March 2016

Luciano Cirinà
Chairman of the Supervisory Board