Innova/6

signed

An equity investment of up to EUR 40 million in Innova/6 (the "Fund"). The Fund will seek to generate long-term capital gains from equity and quasi-equity buyout investments in a diversified portfolio of mid-cap companies in Poland and Central and South Eastern Europe ("CSE") with a primary focus on Poland. The Bank's participation in the Fund will contribute to the development of alternative funding sources for companies in CSE which can help promote private and entrepreneurial initiatives. Additionally, the Fund is expected to increase the overall competitiveness of portfolio companies and develop alternative funding sources for the corporate sector in the region. INNOVA CAPITAL The Fund will be managed by Innova/6 GP S.a.r.l. and advised by Innova Capital Sp. z o. o. Sp. K (Poland). EUR 40,000,000.00 An equity commitment of up to EUR 40 million. EUR 300,000,000.00 The target size of the Fund is EUR 300 million. Categorised FI: (ESP 2014). The Fund Manager is well known to the Bank and has been satisfactorily applying the EBRD's E&S requirements under existing exposures. Innova Capital has a Responsible Investment Policy which considers ESG factors for each individual portfolio company has an Environment Policy and Environmental and Social Management System (ESMS). Innova Capital will be required to continue to comply with EBRD's Performance Requirements 2, 4 and 9, adopt and implement EBRD Environmental and Social Procedures for Active Equity Funds and submit Annual Environmental and Social Reports to the Bank. None. Katarzyna Kaczmarek ir@innovacap.com +48 22 544 94 00 +48 22 544 94 03 www.innovacap.com Innova Capital Limited, Rondo ONZ 1, 35th Floor, 00-124, Warsaw, Poland