KELERCompany profile

We commit

KNOW-HOW AND EXPERTISE

INNOVATIVE MINDSET

STREAMLINED SOLUTIONS

WIDE RANGE OF ADDED-VALUE

SERVICESFLEXIBILITY

T2S CONNECTION

INTERNATIONAL ENVIRONMENT

KELER Introduction

KELER Ltd., the sole central securities depository and a specialized bank in Hungary, founded in 1993 is

owned by the National Bank of Hungary and the Budapest Stock Exchange.

As a leading CSD in Central Eastern Europe, with more than 20 years of experience,

we offer innovative solutions to unleash the business potential of

financial intermediaries; our Clients.

We keep investing into state-of-the-art technology and experienced staff, so that we catch every opportunity, when it comes to designing a new client solution. Apart from a full range of core and ancillary CSD services, KELER is bringing all benefits of Target2-Securities to Clients via flexible solutions.

Going live with T2S, we will offer direct connection and harmonized services in 10 markets within the CEE region. Through an efficient platform we will make all T2S features, all regional instruments, currencies, customized reporting and unified asset servicing accessible in one CSD.

KELER’s History

1993

1995

2004

2008

2009

2012

2013

2014

2016

Establishment of KELER

KELER settles its first cross-border transaction

KELER obtains special banking licence

KELER is establishing KELER CCP

KELER CCP begins operation and takes over some CCP roles from KELER

KELER signs contract to join T2S

KELER launches the WARP system

KELER launches TR services

KELER officially joins to T2S

CLIENTS OF THE KELERGiven our background as capital markets infrastructure the majority of our Clients are coming from the financial intermediary world. We also partner with stock exchanges, state debt management agency and other central securities depositories. Our Clientele consists of:

BANKS

BROKER-DEALERS

ISSUERS

CUSTODIANS

CSDS

FUND MANAGERS

STOCK EXCHANGES

MARKET POSITIONKELER as a central securities depository (CSDs) is the institution for offering a sound basis for the securities industry, given its core functions. KELER is domiciled in Hungary and has the Hungarian capital markets as its primary market, which is being extended with the regional markets. KELER continues to seek further opportunities to grow in the region and be able to offer our Client a true regional solution for their securities transactions and beyond. The owners and the highly motivated team is committed to the expansion as we all want to contribute to your success.

78.2 MIO EUR CONSOLIDATED EQUITY

88.6 BILLION EUR ASSETS UNDER CUSTODY

4.9 MIO EUR CONSOLIDATED EBITDA

85.5 PER CENT CLIENT SATISFACTION

KELER GROUP KEY FIGURES AS OF EOY 2014

KELER’S SERVICES FOR THE CAPITAL MARKETS

ISSUER SERVICES

As the sole central securities depository in the Hungarian capital market KELER provides the infrastructure for the issuance of Hungarian securities and for the settlement of securities transactions. In addition to the management of securities accounts for capital market intermediaries, the central securities depository function includes the origination of dematerialized securities in line with strict security requirements and international standards, the issuance of central securities identification codes (ISINs), as well as the our corporate actions offering.

One of the major goals of KELER is to provide electronic, internet-based dematerialized securities management services to Clients. Accordingly, ISIN code requests and dematerialization services can now be ordered electronically, from systems (e-ISIN, e-DEMAT) available through the homepage of KELER.

KELER provides Share Registry, Dividend Payment and General Meeting Management

services to Hungarian issuers of equities. Currently, KELER provides such services to main

issuers, among them many blue chip companies listed on the Budapest Stock Exchange.

KELER’S SERVICES

CUSTODIAN SERVICES

KELER provides Account Management and Safekeeping Service to its Clients and keeps all the dematerialized securities in the consolidated securities account and the physical securities in fungible custody that are available to its Client (by client, by securities type and by securities series). KELER also undertakes the safe custody of physical securities, and based on the assignment of the issuer other tasks related to physical securities (coupon detachment, cancellation, destruction).

CUSTODIAN SERVICES - INTERNATIONALSETTLEMENT

KELER provides cross-border settlement services and corporate action management related to the securities investments of domestic investors abroad (outbound) and foreign investors in Hungary (inbound), through its international accounts. The cooperation between the Budapest Stock Exchange and Deutsche Börse AG, opened up the opportunity for BSE members to acquire membership in Deutsche Börse, with direct access to the XETRA trading system. KELER has established the direct accounts with service providers in Germany, so that KELER can offer direct settlement services for securities transactions concluded on XETRA.

SETTLEMENT

A core function of KELER is to operate the securities settlement system; and to act as an efficient infrastructure of the Hungarian capital and regional market when providing other services allowed by regulations. On the regulated markets KELER provides settlement service for transaction

cleared by KELER CCP such as settlement of stock exchange trades, BSE MTF market trades and transactions concluded in the MTS market. Additionally KELER provide clearing and settlement for cross-border transactions and transactions not guaranteed by KELER CCP.

CASH MANAGEMENT

The cash accounts held by KELER are identical to the ones held by any other commercial banks, with the only limitation of only settlement-related financial transactions can be carried out on them, in which activities and transactions your company can seek assistance from KELER Treasury. Clients’ assets are kept separately from KELER’s assets, which increases the safety of these assets and facilitates Clients’ risk management activity.

TRADE REPOSITORY

KELER participates in the reporting process as a data intermediary, collecting the trading data of market participants that contracted KELER and forwards them to the selected trade repository. Through the Trade Repository KELER and KELER CCP will be able to report to ESMA and ACER all transactions going through KELER CCP. This way the KELER Group will be able to fully support its Clients in their entire activity from trading to complying with their reporting obligation.

WARPWIDE APPLICATION ROUTING PLATFORM

KELER launched WARP the new, integrated platform that directly links the fund manager, the distributor (selling the investment fund units), the custodian (in charge of making sure that the fund operates in line with the regulations and the fund management rules) and KELER that creates/cancels fund units and

settles securities movements. Automation can help decreasing the execution times related to the sale of investment fund units, which result in fund managers can use investments more efficiently; and in the case of redemption investors receive their investments earlier.

Reliability

Innovation

Flexibility

Client Focus

OUR VALUES

György DudásChief Executive Officer

KELER Ltd.

Margit Brauner Director of Operations

KELER Ltd.

Péter CsiszérDirector of Strategy and

Client RelationsKELER Ltd.

Károly MátraiDirector of Risk

Management and FinanceKELER Ltd.

András KatkóDirector of IT KELER Ltd.

KELER MANAGEMENT

Szabolcs Nyíri

Head of Marketing and Client Relations

Telephone: (+36 1) 483 6187E-mail: nyiri.szabolcs@keler.hu

KELER

Address: 1074 Hungary, Budapest, Rákóczi út 70-72.Mailing address: H-1426 Budapest, Hungary P.O. BOX 57

Telephone: (+36 1) 483 6100 Fax: (+36 1) 342 3539E-mail: keler@keler.huWebsite: www.keler.hu

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