Decisions of the Investment Committee on June 2, 2025

In accordance with Article 5 and based on Article 9, paragraphs 9.1 and 9.6 of Law No. 04/L-101, amended and supplemented by Law 04/L-115, Law 04/L-168, Law 05/L-116, and Law 07/L-016, as well as in accordance with Article 13, Article 33, and paragraph 1 of Article 41 of the Statute of KPST, and with the Statement of Investment Principles of KPST, the Investment Committee of the KPST’s Governing Board, on June 2, 2025, made the following decisions:

1. In the Standard portfolio, to invest:
a) €4 mln in SPDR S&P Dividend Aristocrats ETF (with ISIN: IE00B5M1WJ87).
b) €4 mln in iShares Edge MSCI Europe Value Factor ETF (with ISIN: IE00BQN1K901).
c) €4 mln in Amundi MSCI Europe Quality Factor ETF (with ISIN: LU1681041890).

2. In the Standard portfolio, to sell the entire holding in the Invesco Nasdaq QQQ ETF (with ISIN: US46090E1038), if the investment value reaches €84 mln.

3. In the Intermediate portfolio, invest €2 mln in iShares Edge MSCI Europe Value Factor ETF (with ISIN: IE00BQN1K901).