Member’s Profile

Organization Name: Depozitarul Central S.A. (Romanian CSD)

Country/ Region: Romania, European Union

Name of CEO: Adriana Tanasoiu 7.77 mil US$ ( = 25.29 mil RON, exchange rate as of Capital (US$): st 31 December 2013) Number of Officers and Employees: 9 Members of the Board and 56 Directors and Employees Depozitarul Central is a joint stock company, which is Ownership and Governance 69.04% owned by the Bucharest Stock Exchange, (Main Shareholders) 18.74 % by issuers, and 12.22% by banks and brokers.

Depozitarul Central started operations from 3 Brief History January 2007 and provides clearing, settlement, custody, safekeeping and registration services for securities traded on the regulated markets and alternative trading systems. It also provides safekeeping and registration services for securities that are not publicly held. In addition, Depozitarul Central performs other collateral operations in accordance with the Law 297/ 2004 regarding the capital market, acting as the administrator of the payment system which ensures the clearing of funds and the settlement of trades, according to the National Bank of Romania regulations. Since 2007, Depozitarul Central took over clearing- settlement, custody, safekeeping and registry operations from the Bucharest Stock Exchange, and the 5 independent registrars, thus offering one single point of access for the participants (brokers and custodian banks) and trading venues to the post- trading operations in the Romanian capital market. Brokers 43; Types and number of Participants Custodian banks 12; Payment banks 15; Central depositories/other international financial institutions 1; (as of 31st December 2013) Depozitarul Central is regulated by Law 297/ 2004 Regulatory Environment regarding the capital market, Regulation No 13/2005 issued by the Romanian National Securities Commission, Regulation No 1/2005 issued by the National Bank of Romania and Rule Book of Depozitarul Central. Bursa de Valori Bucuresti (Bucharest Stock Stock Exchanges Exchange) Sibex ( Sibiu Stock Exchange) Banca Nationala a Romaniei / SaFIR Other CSDs or clearing organization in Casa de Compensare Bucuresti SA your country Casa Romana de Compensatie SA Sibiu Depozitarul Sibex SA

May 2014 1/3

- Clearing and settlement of securities traded on the Services Provided regulated markets, alternative trading systems and over the counter; - Cross-border settlement of trades; Depozitarul Central has established direct/indirect DvP links with 20 markets, in 13 different currencies. - Custody and registry services connected to the holding of the shareholders (change of property, modifying the identification data of the account owners, global/individual accounts management, issuance of the account statement, administration of the pledge, etc); - Services for the issuers of financial instruments (corporate actions services, holding statistics); - Shareholders communication services; - Management of the identification codes as National Numbering Agency; - Training and licensing of participants agents. Equities, subscription and preferences rights, debts Eligible Securities instruments (government securities, municipal and corporate bonds), structured products, ETFs, index certificates, turbo certificates. Corporate Action services Provided? Yes Yes/No Mandatory corporate actions Voluntary corporate actions (If yes, what kinds of services provided?) Dividends Payments AGM services (provides shareholders lists to the issuing companies, mailing to shareholders) 29,841 mil US$ (as of 31st Dec 2013) 1 USD=3.2551 Value of Securities in Custody (US$): RON Amount of Cash Settled per annum (US$): 4.236 mil US$ (as of 31st Dec 2013)

Percentage of Securities Immobilized/ 100% dematerialized form Dematerialized:

Market Capitalization/ Trading volume per 43,671 mil US$ (as of 31st Dec 2013) annum (US$):

Total Revenue/ Expense and Net income NA Per annum (US$): -On March 2010, Depozitarul Central signed a Memorandum of Understanding/ Business Memorandum of Understanding with the Society for Agreement (Date) Worldwide Interbank Financial Telecommunication (SWIFT) in order to establish the National Market Practice Group for Romania. -On May 2012, Depozitarul Central signed the Framework Agreement with the ECB committing the CSD to join TARGET2 Securities (T2S) and therefore outsourcing the euro settlement activity to the Eurosystem. -On October 2012, Depozitarul Central signed a Memorandum of Understanding with National Depository Center of the Azerbaijan Republic and on November 2012 with Jasdec, Central Depository of Japan. -On 3 June 2013, Depozitarul Central signed a Memorandum of Understanding with National Settlement Depository.

May 2014 2/3

Cross-border settlement services are offered for 20 Cross-Broader Transaction (Counterpart) markets: Austria, Belgium, Czech Republic, Denmark, Switzerland, France, Germany, Greece, Ireland, Luxembourg, UK, Netherland, Poland, Spain, Sweden, Hungary, USA, South Africa, Bulgaria and Canada Withholding Tax Treatment of Cross- In progress Border Trading Transactions (Details)

DVP Implementation (Yes/No) Yes

On exchange settlement: Settlement Period Settlement of equities, rights and bonds is on T+3, Settlement of government securities is on T+2, Off exchange settlement: Settlement of OTC trades is from T+0 to T+3 Contact person: Gheorghe Tudor, Strategies Contact Information Development and Communication Manager Tel: 40214085881 Fax: 40214085814 Email: [email protected] Romania, Bucharest 2, 34-36 Carol I Boulevard 020922, 8th floor www.roclear.eu. Remarks

May 2014 3/3