Decisions of the Investment Commission on August 5 and 6, 2024

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 Declaration of Investment Principles (DPI), the Investment Commission (IC) of the KPST Board of Directors, on August 5 and 6, 2024, made the following decisions:

1. Continue the transition process towards compliance with the DPI. Invest €200 million in four bi-weekly tranches of €50 million each. The first tranche to be executed on August 8 (2 weeks from the previous tranche – July 24).
2. The financing of the above investments should be realized from the cash available at the CBK, as much as possible, and the remainder from the cash market fund, Amundi Euro Liquidity.
3. Partially change the transition process towards compliance with the DPI. Conditionally invest €75 million in the Invesco S&P 500 €H ETF fund. The purchase should be made if the price is below the level of €41.154. The remaining tranches towards compliance with the SIP are: Tranche 8 (€50m), Tranche 9 (€50m), and Tranche 10 (€25m).
4. Withdraw the necessary funds to finance the planned investments from the cash market fund, Amundi Euro Liquidity.