Mr Jacek Osowski in 2001 graduated from the Warsaw School of Economics and received his Master’s degree. In the years 2005-2006 he received the MBA degree at the University of Warsaw and the University of Illinois. In addition, Jacek Osowski has the following powers: licensed investment adviser, CFA license, and is entered on the list of Statutory Auditors under No. 11072. Jacek Osowski gained knowledge and experience in management while working: over the period 2001-2003 as Investment Adviser at Millennium Dom Maklerski S.A., in the years 2003-2004 as Analyst at TP Invest, then in the years 2004-2007 as Deputy Director, Manager, Investment Adviser at PZU Asset Management S.A./ PZU Życie S.A. Over the period 2007-2008 as Vice President of the Management Board of IPOPEMA TFI S.A. In the years 2008-2009 as Deputy Director of the Treasurer’s Office at PZU S.A./PZU Życie S.A. In the years 2009-2011 as Vice President of the Management Board, CIO, Director at PZU Asset Management S.A. In the past he also served as Vice President of the Management Board at Famur S.A. and as Member of the Supervisory Boards of public and non-public companies, including: Famur S.A., TC Dębica S.A., Polcolorit S.A., Browary Polskie Brok Strzelec S.A., Zamet Industry S.A., ZBM S.A., Famak S.A., PGO S.A., Pemug S.A., Fazos S.A. and other. Participation in the supervisory bodies of other companies: Member of the Supervisory Boards: ATM S.A., Herkules S.A., Synektik S.A. and the Chairman of the Supervisory Board of Ferrero S.A.