Decisions of the Investment Commission on May 13, 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, the Investment Commission (IC) of the KPST Board of Directors, on May 13, 2024, made the following decisions:

1. Invest €500 million in ten tranches (each tranche every two weeks) of €50 million each. The first tranche to be executed immediately. Of this amount, €300 million will be invested in the Vanguard Global Stock Index Fund (in six tranches).
2. The financing of the above investments should be realized through the cash available at the CBK, as much as possible, and the remainder from the cash market fund (Amundi Euro Liquidity).”