Magnus Art Karlin Hall

Annual Report 2013

Magnus Art Karlin Hall The first year of the exclusive Magnus Art project was launched in a former factory building in the Prague quarter of Karlín and presented contemporary art in all its forms and its creators as well as the personalities who are the driving force behind the current art scene.

Annual Report 2013 Page 1

Ur maximusa volut dolo re, corum fugia. Um voles dolo tota comnis estio et moluptiur? Raqib Shaw Rudolfinum Gallery Raqib Shaw creates spectacles charged with bestial energy with a strong erotic, even sadomasochistic, subtext. His works contain a plethora of hybrid creatures half human, half animal depicted using an extraordinary, decorative manner of painting and a broad spectrum of colours.

Table of Contents Presentation part Financial part Selected Financial Indicators, 4 Foreword, 7 Report by the Board of Directors, 9 Bank management, 17 Organizational structure, 18 Report of the Supervisory Board, 20 Correspondent banks, 21 Declaration, 22 Independent Auditor s Report to the Shareholders of J&T BANKA, a. s., 24 Consolidated statement of financial position, 26 Consolidated statement of comprehensive income, 27 Consolidated statement of changes in equity, 29 Consolidated statement of cash flows, 31 Notes to the Consolidated Financial Statements, 34 Report on relations between related parties, 118 Page 2 / 3

Selected Financial Indicators Konsolidovaná IFRS in MCZK 2013 2012 2011 2010 ANNUAL FIGURES Profit before tax 685 1 193 354 326 Tax (151) (272) (85) (62) Profit from joint ventures and associates 321 Profit from continuing operations 855 921 269 264 Profit from discontinued operations 214 95 Profit for the year 1,069 1,016 269 264 BALANCES AS AT YEAR-END Equity 14,046 7,417 5,235 3,505 Amounts owed to financial institutions 5,083 11,248 9,110 2,754 Amounts owed to customers 85,823 64,032 55,023 39,266 Due from financial institutions 3,556 6,865 9,091 6,658 Loans and advances to customers 60,004 41,150 36,584 29,487 Assets 110,237 88,401 72,558 47,029 FINANCIAL RATIONS Return on Equity 9.96% 16.06% 6.16% 7.79% Return on Assets 1.08% 1.26% 0.45% 0.61% Capital Adequacy 15.85% 11.87% 12.08% 11.56% Total equity/ total assets 12.74% 8.39% 7.21% 7.45% Average number of employees 487 499 401 312 Assets per employee 226 177 181 151 Administrative expenses per employee (3) (3) (2) (2) Profit after tax per employee 2 2 1 1

Selected Financial Indicators in MCZK 2013 2012 REGULATORY CAPITAL Core capital (Tier 1) 12,468 5,474 Share capital 9,558 3,858 Mandatory reserve funds 155 109 Other funds from profit distribution 2,507 1,855 Retained earnings 33 0 Accumulated losses 0 (23) Foreign exchange translation differences (100) 8 Minority interest 571 4 Profit for the period 415 0 Goodwill (405) (190) Intangible assets other than goodwill (165) (147) Translation reserve (101) 0 Supplementary capital (Tier 2) 1,420 978 Deductible items from core cap. and supplementary cap. (Tier 1+ Tier 2) (37) Total regulatory capital 13,851 6,452 in MCZK 2013 2012 CAPITAL REQUIREMENTS Credit risk of investment portfolio 5,989 3,743 Credit risk of trading portfolio 243 193 General interest risk 156 117 General equity risk 4 6 Capital requirement for currency risk 290 66 Capital requirement commodity risk 12 22 Capital requirement for operating risk 300 203 Total capital requirements 6,994 4,350 in MCZK 2013 2012 13,851 6,452 Calculation of Capital adequacy ratio 8 % x 6,994 4,350 Capital adequacy ratio 15.85% 11.87% Page 4 / 5

Jan Zrzavý, Božská hra Gallery of Fine Art in Ostrava This exhibition has provided a new perspective on art as well as on the persona of the important Czech artist Jan Zrzavý. The exposition was divided up thematically into a number of parts that addressed the artist s persona, medieval themes, illustrations, works inspired by travels, and Jan Zrzavy s special relationship to Ostrava.

Foreword Foreword Dear Clients, Shareholders, Business Partners and Friends, We find it very pleasant, and hopefully you do too, to look back at the year 2013. We managed to repeat our outstanding performance of 2012, to complete several key transactions and to receive a number of prestigious awards for our services and products. In 2013, J&T Banka continued in the successful bond issues of the previous year. The increasing interest of clients in our services led particularly to a rising volume of managed assets in individual portfolios and in funds managed by the investment company. We are pleased by the fact that our clients appreciate our customer care. The number of our clients jumped by nearly 41% year-on-year. Last year, our products and services were acknowledged not only by our clients but also by the professional public. The J&T Money mutual fund placed first in the Investment of the Year contest organised jointly by Fincentrum and Forbes magazine. In Slovakia, we won the Grand Prix Hermes Award for our innovative communication with clients. We greatly appreciate both awards and to us they represent a commitment for the future. In 2013 we also completed several key transactions. What I find worth mentioning is the acquisition of a 36% share in Poštová banka and the successful completion of our investment in the photovoltaic industry the sale of our share in J&T FVE UPF. Last year we also maintained our support of the fine arts. We became a partner for major art institutions and exhibitions, the atmosphere of which is depicted in photographs in this annual report. Our employees are a great asset and a competitive advantage that J&T BANKA can be proud of. We will keep providing training to them and help them grow further. At the same time, we plan to expand our staff especially in the customer support and business areas to keep pace with the bank s dynamic growth. Thank you for staying with us last year. We are looking forward to our continued cooperation and partnership. We would like to go on building our business on our clients convenience and individual approach. That, however, is placing increasing demand on the bank s infrastructure. For that reason, we will continue in the development of a new electronic interface for our clients, which is expected to provide, besides standard ebanking services, also greater convenience during investment management. Štěpán Ašer, MBA CEO at J & T BANKA, a.s. Page 6 / 7

DEPOSITS Contractual maturity 2013 12% On demand 7% 1 month and more 14% 3 months and more 6% 3 months and more 61% 12 months and more DEPOSITS Contractual maturity 2012 13% On demand 7% 1 month and more 12% 3 months and more 6% 3 months and more 62% 12 months and more

Report by the Board of Directors Report by the Board of Directors 2013 Roundup Last year was successful for J&T BANKA, a.s. (the Bank ) both in terms of the financial indicators and in the fulfilment of strategic goals. We managed to repeat our outstanding performance of 2012; consolidated profit after tax exceeded CZK 1 billion for the first time in our history and the Bank s total assets surpassed CZK 100 billion. The Bank won a number of awards, including the Slovak Grand Prix Hermes for innovative communication with clients; J&T Money mutual fund became the ultimate winner of the Investment of the Year contest. In addition, we built up our activities in the field of fine arts. We became the general partner of the Rudolfinum Gallery, the Gallery of Fine Arts in Ostrava and the Slovak National Gallery. We also supported young artists, namely the Jindřich Chalupecký Award, the Oskár Čepan Award and we also launched Magnus Art, an exclusive project that presents contemporary art, its authors and personalities in a unique exhibition space. We completed several key transactions. First, we acquired a 36% share in Poštová banka. Second, we successfully completed our engagement in the photovoltaic industry by selling our share in the J&T FVE UPF fund, which owns and operates photovoltaic power stations, with a consolidated profit of over CZK 210 million. In line with a significant increase of the sum of assets, the Bank s shareholder sharply raised the Bank s registered capital by CZK 5.7 billion to the total of CZK 9.558 billion. Operating profit The Bank s consolidated operating profit dropped from a record CZK 1.6 billion to CZK 1.2 billion year-on-year. This drop, however, should be viewed from the perspective of the specific circumstances that had an impact on 2012 profit the extraordinary revenues from the investment into euro zone state bonds, and also the outstanding profits from forex transactions. The operating profit net of all these transactions was stable. Net interest income totalled CZK 1.8 billion, i.e. approximately the same level as in the previous year. There are several reasons for the stagnation of interest income. First, in the first half of last year the Bank held large readily-available provisions for the completion of the acquisition of a share in Poštová banka as at 1 July 2013. Due to the short investment horizon, the Bank generated no significant interest income from it. The subsequent acquisition of a 36% share in Poštová banka is not reflected in the operating profit. The proportionate part of the profit of Poštová banka of over CZK 300 million in the second half of 2013 is reflected only in the Bank s total profit. The Bank s credit portfolio expanded significantly only in the second half of 2013 and the benefits of new credit transactions will be mirrored in the Bank s interest income only in 2014. Net income from fees fell by CZK 50 million year-on-year to almost CZK 450 million but still remains at the level of 15% of the Bank s total consolidated operating income. The income from fees for securities trading also dropped, reflecting a long-term trend caused primarily by the market development. Although the volume of client transactions did not fall year-on-year, the net income from fees dropped, primarily as a result of the changing structure of realised transactions and also due to changes in the portfolio of clients. The income from fees for transactions fell below 0.1% of the transaction volume last year. With respect to the growth of new credits, the fees for provided funding and bank guarantees increased. The Bank managed to repeat its bond issue performance from 2012 and, as a result, the fees for new bond issues and bill of exchange schemes constituted a significant part of the income from fees. The volume of managed assets in individual portfolios of our clients and in funds managed by subsidiary investment companies also recorded an Page 8 / 9

CAPITAL REQUIRMENT 15,000,000 20% 12,000,000 17,5% 9,000,000 15% 6,000,000 3,000,000 12,5% 0 12/2008 12/2009 12/2010 12/2011 12/2012 12/2013 10% Regulatory capital (ths.czk) Capital adequacy ratio (%)

Report by the Board of Directors increase. The income from fees for these transactions rose with the increasing volume of managed assets. The growth in the sum of assets, the number of clients and transactions is reflected in the operating expenses. These also mirror the costs incurred on promotional activities and marketing. Marketing costs were incurred efficiently, taking into account the overall rise in the number of clients and their assets. Total operating expenses rose by more than CZK 200 million year-on-year, surpassing CZK 1.7 billion. The rise in operating expenses, however, is much lower than the increase in the total sum of assets and in the clients assets. The proportion between operating expenses and client deposits dropped year-on-year, nearing 2%, while the proportion between operating expenses and the total sum of assets reached 1.6%. These indicators show that J&T BANKA, a.s. is among the top banks on the market. Business Last year, the Bank continued in its dynamic growth also in its management of client assets. The number of clients rose by nearly 41% year-on-year, totalling nearly 34 000 clients. The volume of client deposits also rose by over 34%, with over CZK 85 billion in deposits at the end of the year. The structure of persons making the deposits continues to change. The proportion of institutional clients and large private investors investing namely through their ownership interest has been falling. Three years ago, this group made nearly 70% of all Bank s deposits compared to nearly 50% now. Currently, the majority of deposits is made by individuals. The average deposit is more than CZK 2.5 million, still significantly exceeding the market average, which reflects the Bank s focus on the assets of affluent clients and private banking services. these instruments, together with other procured investments amount to over CZK 80 billion in assets. Our longterm goal is to have over 60% of total client assets in the Bank placed in investments. To assure the continued increase of the proportion of investments in the total client assets, it will be crucial to provide clients with attractive investment opportunities and to cooperate with interesting issuers of securities as well as to offer funds that clients will find interesting in terms of their investment strategy as well as their results. Last year, we managed to achieve that. In 2013 we introduced a total of seven new bond issues listed on the stock exchanges in Prague and Bratislava. The total volume of these issues exceeded CZK 12 billion. Apart from the issuance of bonds, we prepared a new bills of exchange scheme for J&T Real Estate Holding, a.s. Today, the Bank allows its clients to invest into five different bills of exchange schemes. Mutual funds managed by J&T INVESTIČNÍ SPOLEČNOST, a.s. are also a crucial part of our investment product offer. J&T Money mutual fund was a major success in this area. Our work was rewarded as the fund became the ultimate winner in the Investment of the Year competition staged by Fincentrum together with Forbes magazine. The best investment in this competition is selected based on achieved results, assessing not only the total amount of revenue generated but also the risk exposure of individual funds. J&T Money fund demonstrated the best results of over 700 domestic as well as foreign funds. Besides traditional funds, the Bank also regularly prepares interesting opportunities for investment via funds outside of the capital markets. These funds include, for instance, J&T Ostravice Life real estate fund and J&T FVE UPF fund of photovoltaic power plants, which generated a return on investment of nearly 17% in 2013. A significant part of our client assets, however, is not placed in Bank s deposits but instead into investments into mutual funds, bond issues, bills of exchange schemes and individual asset management. Client assets placed in Last year, the Bank began offering its own equity products. The first of these was a subordinated deposit, which allowed investors to participate, in terms of investments, in the Bank s successful development. In 2014, we are Page 10 / 11

LOANS & DEPOSITS 100,000,000 120% 80,000,000 100% 80% 60,000,000 60% 40,000,000 40% 20,000,000 20% 0 0% 12/2008 12/2009 12/2010 12/2011 12/2012 12/2013 Loans and advances to customers (ths.czk) Amounts owed to customers (ths.czk) Loan/deposits ratio (%)

Report by the Board of Directors planning to further expand the offer of the Bank s equity instruments. Credit transactions Last year, the Bank rose dynamically not only in the field of managed client assets. It also recorded significant growth in loans. While in the first half of 2013 the Bank focused on the completion of the acquisition of a share in Poštová banka and the loan volume increased by a mere CZK 6 billion, in the second half of the year the growth dynamics rose significantly, with the loan volume up by nearly CZK 20 billion yearon-year to a total of CZK 60 billion. The increase of the Bank s capital towards the end of the year gave the Bank an opportunity to further expand its loans, and we can already see a major increase of this activity in 2014 thanks to a number of transactions that are currently under way. We are convinced that the range of transactions will, at the same time, open up new possibilities of financing, especially through new bond issues that we will be able to offer. Last year, the Bank was not only able to meet its objectives in terms of the rise of the number of clients and the assets managed but we were also able to create opportunities of new interesting investments for our clients in the area of credit transactions. Corporate social responsibility The direction in which society is developing is significantly influenced by the actions and opinions of the elite of the society. We believe that culture and arts represent an important attribute of a highly developed and prosperous society and state. J&T BANKA, a.s. is a bank for the elite and we therefore think that next to managing our clients assets, it is also important to pay attention to supporting culture and arts and bringing interesting experiences not only to our clients. We also strive to bring values with a long-term impact on maturity and prosperity to the country in which we pursue our business and thus to achieve a positive effect on our long-term results. Fine arts is an ideal tool to achieve this goal as it combines a cultural experience and for some people also an investment opportunity. The Bank is a significant benefactor of fine arts in the Czech Republic and Slovakia. We support young artists and we are partners of the Jindřich Chalupecký Award and Oskár Čepan Award. We have concluded general partnership agreements with major art galleries in both countries: with the Slovak National Gallery in Bratislava, the Rudolfinum Gallery in Prague and the Gallery of Fine Arts in Ostrava. The partnership with these galleries does not involve just a passive financial contribution. We have also been working together on preparing interesting programmes and guided tours for our clients. In addition, we have also been presenting the world of the arts through Magnus Art contemporary art exhibitions where our clients and business partners have the opportunity to both see interesting works of art and meet interesting personalities from among art collectors, investors in works of art, gallery owners and artists in one place. An inherent part of our accompanying activities and the flagship of our efforts to show new horizons and present our view of the world around us is our magazine Magnus which is intended for the elite of society, our clients and friends. In the past year, Magnus presented Japan to our clients, a country which is exceptional and unique. In the recent sixth edition of the magazine, we presented the readers with articles about its history and dynasties. Goals In the sixteenth year of our business activities, we are going to face a number of challenges. Our success and growth in the past years primarily represent an obligation for us. We have established ourselves as a bank with a unique approach to clients and stress the importance of client convenience and an individual approach. As the number of clients has been growing, the requirements on the Bank s infrastructure underwent a significant change. The wishes and requirements of our clients have been continuously changing, too. Apart from the personal contact with one s private banker who serves as an important guide of the client through the world of investments and a Page 12 / 13

DEPOSITS OF CLIENTS 100 000 000 35 000 80 000 000 30 000 25 000 60 000 000 20 000 40 000 000 15 000 10 000 20 000 000 5 000 0 0 12/2008 12/2009 12/2010 12/2011 12/2012 12/2013 Deposits and loans from customers (ths.czk) Number of clients

Report by the Board of Directors key link in solving individual requirements, electronic communication and support have been playing a more and more important role as well. Our major task is to keep the care for clients on the high level expected by our clients. With regard to the dynamic growth of the Bank, this would mean primarily a further increase in the number of members of the client care team and private banking team employees. We expect the total number of the client care team members to grow by more than 20%. The Sales and Client Support division would thus represent approximately a third of the Bank s employees. As the number of new employees has been growing, the requirements on education have also shown an increase. The Bank continues to develop its internal training programme to which we introduced control tools such as the regular testing of the professional knowledge of our employees. In terms of development of the Bank s infrastructure, we would like to concentrate on two key areas. The first area is the convenience of our clients in terms of electronic communication. Last year, we already started to work on preparing a new electronic interface for clients. The new eportal should bring convenient access to investment management for the clients in addition to the standard ebanking services and enable them to have full control of the investments they realise through the Bank. Apart from the new eportal, the Bank is also planning to launch new services and products. The other area of the Bank s infrastructure which will get a lot of our attention is the main information system of the Bank. As a result of the dynamic development of the Bank in the past years, the requirements on the capacity of the banking system and on the products the system can process have increased significantly. The need for a significant system upgrade is the natural result of this process. Last year, we initiated a tender for a new banking system and this year we would like to finish this process and start the preparatory work for the implementation of a new banking system which is one of the most demanding and most significant projects realised by the Bank because of its extent, comprehensive nature and amount of investments. As for our financial goals, we expect the operating profit to grow significantly this year compared to 2013. The main growth factor is expected to be an increase in the interest income of the Bank thanks to an increase in its loan portfolio. We expect the further growth of the Bank s total assets primarily thanks to an increase in the volume of clients deposits. However, our major goal is to increase the share of investments in the total volume of assets under management and our long-term goal is for at least 60% of the total volume of our assets to consist of investments. Our new target value of capital adequacy is 12% compared to the earlier target of 11%. The Bank has also significantly changed its dividend policy and unlike the previous years, the Bank is planning to pay out most of the profit to its shareholders. By combining higher capital adequacy and a new dividend policy, the Bank will seek new options to boost its capital. Already in 2013, we presented a six-year subordinated deposit to our clients as a valid part of regulatory capital. This year, we are planning to launch a new investment product onto the market. This product meets the requirements for acknowledgement as part of Tier 1 top-quality capital and we want to offer it to our clients. This year, for the first time the Bank s total financial results will be significantly affected by the profit of Poštová banka in which the Bank holds a significant minority share. The contribution of Poštová banka to the profit (or loss) of the Bank should be more than MCZK 700. Despite the demanding goals which lie ahead of us we believe that this year will be a success similar to 2013 and that in addition to positive financial results for our shareholders we will continue to satisfy our clients needs. Page 14 / 15

Patrik Tkáč Štěpán Ašer, MBA Igor Kováč Andrej Zaťko Vlastimil Nešetřil

Bank management Bank management Board of Directors Supervisory Board Patrik Tkáč Chairman of the board of directors Jozef Tkáč Chairman of the Supervisory Board Štěpán Ašer, MBA Member of the board of directors Ivan Jakabovič Member of the Supervisory Board Igor Kováč Member of the board of directors Dušan Palcr Member of the Supervisory Board Andrej Zaťko Member of the board of directors Jozef Šepetka Member of the Supervisory Board Vlastimil Nešetřil Authorized signatory Jozef Spišiak Member of the Supervisory Board (from 9.12.2013) Jozef Šimovčík Member of the Supervisory Board (from 9.12.2013) Miloslav Čomaj Member of the Supervisory Board (from 9.12.2013) Eva Šagátová Member of the Supervisory Board (from 9.12.2013) Miroslav Minařík Member of the Supervisory Board (from 9.12.2013) Ingrid Láslopová Member of the Supervisory Board (from 9.12.2013) Page 16 / 17

Organizational structure BOARD OFDIRECTORS OF THE BANK Office of the Chairman of the Board of Directors Unit Czech Republic (CR) Unit Slovak Republic (SR) EXECUTIVE DIRECTOR Unit CR Management Department Marketing Department CR HEAD OF THE BRANCH Unit SR Management Department DIVISION SALES CR DIVISION FAMILY OFFICE CR DIVISION OPERATION CR DIVISION SALES SR DIVISION OPERATION SR Private Banking Department CR Family Office Department CR Banking Operations and International Banking Department CR Strategies, Branch Management and External Partners Department SR Front Office Department SR Private Banking Section 1 Back Office Family Office Section Banking Operations Section The High Tatras Exposition Back Office Department SR Private Banking Section 2 Russian Desk Department CR International Banking Section The Košice Exposition Back Office Comfort Section Private Banking Section 3 Payment Cards Section Private Banking Department SR Back Office PrB and PB Section Private Banking Section 4 Client Center Section Premium Banking Section Banking Applications and Cards Support Section Back office PB Section Credit and Loans Department CR Komfort Department SR Comfort Line Section External Sale of PB Segment Section Financial Markets Back Office Department CR Internal and External Comunication Department SR Credit and Loans Department SR Branch Brno Marketing Department SR Financial Markets Back Office Department SR Branch Ostrava Retail Banking Department CR Internal Sale of Retail Segment Section External Sale of Retail Segment Section

Organizational structure Unit Shared Services DIVISION FINANCIAL MARKETS DIVISION FINANCE DIVISION RISK MANAGEMENT DIVISION INFORMATION SYSTEMS DIVISION ADMINISTRATION Investment Center Section Treasury Department Risk Management Department Operation and Development of Banking Systems Section Legal Department CR Internal Audit and Inspection Department Financial Markets Department CR Liquidity Management Section Credit Risk Management Department Reporting Support Section Legal Department SR Process and Project Management Department Trading on Other Person s Account Section Financial Analysis Department Customer Interface Section Compliance and AML Department Safety Department Trading on Own Account Section Economy Department CR Business Information Systems Department Magnus Department Financial Markets Department SR Accounting Section Client Portfolio Management Department Reporting Section Research Department Economy Department SR New Issues Department Accounting Section Reporting Section DIVISION Department Section Page 18 / 19

Report of the Supervisory Board The Supervisory Board of J&T BANKA, a. s., operated as a nine-member body until October 2013, since 15 October 2013 operated as a six-member body. The Supervisory Board performed its activities in accordance with the relevant provisions of the Commercial Code and the bank s Articles of Association. Based on the auditor s report issued on 31 March 2014, the financial statements give a true and fair view of the financial position of J&T BANKA, a.s. as of 31 December 2013, and of its financial performance and its cash flows for the year then ended in accordance with International Financial Reporting Standards as adopted by the European Union In 2013 the Supervisory Board convened a total of six times at its regular meetings. At its meetings, the Supervisory Board discussed in particular the regular reports of the bank s Board of Directors on the company s activities and financial situation, as well as all matters arising from relevant legal regulations. The Supervisory Board has reviewed the financial statements as of 31 December 2013 audited by the company s external auditor, KPMG Česká republika Audit, s.r.o. The Supervisory Board has reviewed the annual financial statements for 2013, including the proposal for the distribution of the 2013 profit, and recommended that the sole shareholder, exercising the powers of the general meeting, approve the financial statements. The Supervisory Board further confirms that the bank s business activities were performed in accordance with applicable legislation and the bank s Articles of Association. Prague, 28 April 2014 Jozef Tkáč Chairman of the Supervisory Board

Correspondent banks Correspondent banks ING Belgium SA/NV Brussels, Belgium SWIFT: BBRU BE BB Currency: EUR UniCredit Bank Slovakia, a. s. Bratislava, Slovak Republic SWIFT: UNCR SK BX Currency: EUR UBS AG Zurich, Switzerland SWIFT: UBSW CH ZH 80A Currency: CHF Poštová banka, a. s. Bratislava, Slovak Republic SWIFT: POBN SK BA Currency: EUR Československá obchodní banka, a. s. Praha, Czech Republic SWIFT: CEKO CZ PP Currency: CZK, EUR, GBP, USD, HUF, PLN UniCredit Bank Czech Republic, a. s. Praha, Czech Republic SWIFT: BACX CZ PP Currency: CZK, EUR, USD, RUB Deutsche Bank Trust Company Americas New York, USA SWIFT: BKTR US 33 Currency: USD J&T Bank (ZAO) Moscow, Russian Federation SWIFT: TRRY RU MM Currency: RUB ING Bank N. V. Praha, Czech Republic SWIFT: INGB CZ PP Currency: CZK, EUR, CHF, GBP, RUB, USD, HUF, PLN, CAD, AUD, SEK, RON, TRY Page 20 / 21

Statutory Declaration J&T BANKA, a. s. declares that all information and data presented in this annual report are accurate and that no material facts have been omitted. Prague, 28 April 2014 Patrik Tkáč Chairman of the Board of Directors

Beyond Reality British Painting Today Rudolfinum Gallery The works of twelve important middle-aged and young artists working in Great Britain were presented at this exhibition. The selected works reflect the growing importance of post-conceptual, predominantly figural, painting, which is now enjoying special popularity on the British art scene. One of the key moments is questioning the possibilities, meaning and method of portraying reality.

Financial part Independent Auditor s Report to the Shareholders of J&T BANKA, a. s. Consolidated Financial Statements On the basis of our audit, on 31 March 2014 we issued an auditor s report on the Company s consolidated statutory financial statements, which are included in this annual report, and our report was as follows: We have audited the accompanying consolidated financial statements of J&T BANKA, a.s., which comprise the consolidated statement of financial position as of 31 December 2013, and the consolidated statement of comprehensive income, the consolidated statement of changes in equity and the consolidated cash flow statement for the year then ended, and the notes to these consolidated financial statements including a summary of significant accounting policies and other explanatory notes. Information about the company is set out in Note 1 to these consolidated financial statements. Statutory Body s Responsibility for the Consolidated Financial Statements The statutory body of J&T BANKA, a.s. is responsible for the preparation of consolidated financial statements that give a true and fair view in accordance with International Financial Reporting Standards as adopted by the European Union and for such internal controls as the statutory body determines are necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error. Auditor s Responsibility Our responsibility is to express an opinion on these consolidated financial statements based on our audit. We conducted our audit in accordance with the Act on Auditors and International Standards on Auditing and the relevant guidance of the Chamber of Auditors of the Czech Republic. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance whether the consolidated financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated financial statements. The procedures selected depend on the auditor s judgment, including the assessment of the risks of material misstatement of the consolidated financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal controls relevant to the entity s preparation and fair presentation of the consolidated financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity s internal controls. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, the consolidated financial statements give a true and fair view of the financial position of J&T BANKA, a.s. as of 31 December 2013, and of its financial performance and its cash flows for the year then ended in accordance with International Financial Reporting Standards as adopted by the European Union.

Financial part Report on relations between related parties We have reviewed the factual accuracy of the information disclosed in the report on relations between related parties of J&T BANKA, a.s. for the year ended 31 December 2013 prepared in accordance with the applicable provisions of Act No. 513/1991 Coll., the Commercial Code. The responsibility for the preparation and factual accuracy of this report rests with the Company s statutory body. Our responsibility is to express our view on the report on relations based on our review. We conducted our review in accordance with Auditing Standard No. 56 of the Chamber of Auditors of the Czech Republic. This standard requires that we plan and perform the review to obtain limited assurance as to whether the report on relations is free of material misstatement. A review is limited primarily to inquiries of the Company s personnel and analytical procedures and examination, on a test basis, of the factual accuracy of information, and thus provides less assurance than an audit. We have not performed an audit of the report on relations and, accordingly, we do not express an audit opinion. Based on our review, nothing has come to our attention that would lead us to believe that the report on relations between related parties of J & T BANKA, a.s. for the year ended 31 December 2013 contains material factual misstatements. Consolidated Annual report We have audited the consistency of the consolidated annual report with the audited consolidated financial statements. This consolidated annual report is the responsibility of the Company s statutory body. Our responsibility is to express our opinion on the consistency of the consolidated annual report with the audited consolidated financial statements based on our audit. We conducted our audit in accordance with the Act on Auditors and International Standards on Auditing and the relevant guidance of the Chamber of Auditors of the Czech Republic. Those standards require that we plan and perform the audit to obtain reasonable assurance that the information disclosed in the consolidated annual report describing matters that are also presented in the consolidated financial statements is, in all material respects, consistent with the audited consolidated financial statements. We believe that the audit we have conducted provides a reasonable basis for our audit opinion. In our opinion, the information disclosed in the consolidated annual report is, in all material respects, consistent with the audited consolidated financial statements. Prague, 29 April 2014 KPMG Česká republika Audit, s.r.o. Jindřich Vašina Licence number 71 Partner, Licence number 2059 Page 24 / 25

Consolidated statement of financial position as at 31 December 2013 mil CZK Note 2013 2012 ASSETS Cash and balances with central banks 6 8,408 6,978 Due from financial institutions 7 3,556 6,865 Positive fair value of derivatives 8 336 118 Loans and advances to customers 11a 60,004 41,150 Investment securities at fair value through profit or loss 9a 7,408 5,292 Investment securities available for sale 9b 20,393 23,045 Investment securities held to maturity 9c 1,846 2,125 Disposal groups held for sale 18 261 1,596 Investment in joint ventures and associates 49 5,939 Current tax asset 30 7 Deferred tax asset 35 Investment property 13 646 Property and equipment 14 211 73 Intangible assets 15 165 147 Goodwill 15 405 190 Prepayments, accrued income and other assets 17 594 815 Total Assets 110,237 88,401 mil CZK Note 2013 2012 LIABILITIES AND SHAREHOLDER S EQUITY Amounts owed to financial institutions 19 5,083 11,248 Amounts owed to customers 20 85,823 64,032 Negative fair value of derivatives 8 541 82 Subordinated liabilities 21 1,508 996 Disposal groups held for sale 18 698 Current tax liability 52 135 Deferred tax liability 26 133 141 Accruals, provisions and other liabilities 22 3,051 3,652 Total Liabilities 96,191 80,984 Share capital 23 9,558 3,858 Retained earnings, capital funds and other reserves 23 3,868 3,554 Total shareholder s equity 13,426 7,412 Non-controlling interest 24 620 5 Total equity 14,046 7,417 Total liabilities, non-controlling interest and shareholders equity 110,237 88,401 The accompanying notes, set out on pages 34 to 116, are an integral part of these consolidated financial statements.

Consolidated statement of comprehensive income for the year ended 31 December 2013 in MCZK Note 2013 2012 Interest income 27 4,305 3,980 Interest expense 28 (2,473) (2,129) Net interest income 1,832 1,851 Fee and commission income 29 603 677 Fee and commission expense 30 (155) (177) Net fee and commission income 448 500 Dividends from investment securities available for sale 42 58 Net trading income 31 493 726 Other operating income 32 172 80 Operating income 2,987 3,215 Personnel expenses 33 (698) (752) Other operating expenses 34 (937) (699) Depreciation and amortisation 14, 15 (85) (92) Impairment of goodwill 15 (50) Operating expenses (1,770) (1,543) Profit before provisions, allowances and income taxes 1,217 1,672 Net change in provisions from financial activities (17) 7 Net change in allowances for loan losses 12 (515) (486) Profit before income tax, excluding profit from joint ventures and associates 685 1,193 Profit/(loss) from joint ventures and associates, net of tax 49 321 Profit before income tax 1,006 1,193 Income tax 25 (151) (272) Profit from continuing operations 855 921 Profit from discontinued operations, net of tax 18 214 95 Profit for the reporting period 1,069 1,016 PROFIT ATTRIBUTABLE TO SHAREHOLDERS Profit from continuing operations 763 920 Profit from discontinued operations 214 95 Total profit attributable to shareholders 977 1,015 PROFIT ATTRIBUTABLE TO NON-CONTROLLING INTEREST Profit from continuing operations 45 1 Profit from discontinued operations 47 Total profit attributable to non-controlling interest 92 1 Profit for the reporting period 1,069 1,016 Page 26 / 27

in MCZK Note 2013 2012 OTHER COMPREHENSIVE INCOME, NET OF INCOME TAX Revaluation reserve financial assets available for sale Net change in fair value 14 639 Net amount reclassified to profit or loss (407) 34 Foreign exchange translation differences (109) (7) Total comprehensive income for the reporting period 567 1,682 ATTRIBUTABLE TO Shareholders 476 1,681 Non-controlling interest 91 1 Total comprehensive income for the reporting period 567 1,682 The accompanying notes, set out on pages 34 to 116, are an integral part of these consolidated financial statements. The Board of Directors approved these consolidated financial statements on 31 March 2014. Signed on behalf of the Board: Štěpán Ašer, MBA Member of the Board of Directors Ing. Igor Kováč Member of the Board of Directors

Consolidated statement of changes in equity for the year ended 31 December 2013 in MCZK Share capital Capital funds Other reserves Retained earnings Total Noncontrolling interest Total equity Balance at 1 January 2013 3,858 110 501 2,943 7,412 5 7,417 TOTAL COMPREHENSIVE INCOME FOR THE YEAR Profit for the year 977 977 92 1,069 OTHER COMPREHENSIVE INCOME, NET OF TAX Foreign exchange translation differences (108) (108) (1) (109) Fair value reserve (available-for-sale financial assets): Net change in fair value 14 14 14 Net amount reclassified to profit or loss (407) (407) (407) Total comprehensive income for the period (501) 977 476 91 567 TOTAL TRANSACTIONS WITH OWNERS, RECOGNIZED DIRECTLY IN EQUITY Issue of share capital 5,700 5,700 5,700 Dividends (251) (251) (251) Pricing differences 53 53 53 Effect of acquisition of subsidiaries 4 4 571 575 Effect of disposals of subsidiaries 32 32 (47) (15) Transfer to legal reserve fund 47 (47) Capital contribution to other capital funds 28 (28) Balance at 31 December 2013 9,558 185 3,683 13,426 620 14,046 On 21 December 2013 the sole shareholder of the Bank, J&T FINANCE, a.s., increased the Bank s share capital by CZK 5 700 million subscription of new shares. Page 28 / 29

in MCZK Share capital Capital funds Other reserves Retained earnings Total Noncontrolling interest Total equity Balance at 1 January 2012 3,358 94 (165) 1,944 5,231 4 5,235 TOTAL COMPREHENSIVE INCOME FOR THE YEAR Profit for the year 1,015 1,015 1 1,016 OTHER COMPREHENSIVE INCOME, NET OF TAX Foreign exchange translation differences (7) (7) (7) Fair value reserve (available-for-sale financial assets): Net change in fair value 638 638 638 Net amount reclassified to profit or loss 35 35 35 Total comprehensive income for the period 666 1,015 1,681 1 1,682 TOTAL TRANSACTIONS WITH OWNERS, RECOGNIZED DIRECTLY IN EQUITY Issue of share capital 500 500 500 Transfer to legal reserve fund 16 (16) Balance at 31 December 2012 3,858 110 501 2,943 7,412 5 7,417 On 21 December 2012 the sole shareholder of the Bank, J&T FINANCE, a.s., increased the Bank s share capital by CZK 500 million through subscription of new shares. The accompanying notes, set out on pages 34 to 116, are an integral part of these consolidated financial statements.

Consolidated statement of cash flows for the year ended 31 December 2013 in MCZK Note 2013 2012 CASH FLOWS FROM OPERATING ACTIVITIES Profit before tax from continuing operations 1,006 1,193 Profit after tax from discontinued operations 214 95 Adjustments for: Depreciation and amortisation 14, 15 85 92 Impairment of goodwill 15 50 Allowances for loan losses 12 515 486 Foreign currency difference from allowances for loan losses 12 37 (11) Gain on sale of intangible and tangible fixed assets 32 44 51 Change in other provisions, deferred tax and other assets 153 182 Revaluation - financial assets available for sale (393) 673 Profit/(loss) from joint ventures and associate (321) Unrealised foreign exchange gains / losses 189 (7) (Increase) / decrease in operating assets: Compulsory minimum reserves in central banks 1,486 (853) Due from financial institutions (850) 5 Loans and advances to customers (19,033) (5,041) Investment securities held to maturity, AFS and FVTPL 815 (6,316) Prepayments, accrued income and other assets 238 (169) Disposal groups held for sale (69) Increase / (decrease) in operating liabilities: Amounts owed to financial institutions (6,674) 2,138 Amounts owed to customers 20,988 9,009 Accruals, provisions and other liabilities (956) 1,767 Net increase / (decrease) in fair values of derivatives Fair value of derivative instruments 241 (246) Tax effect Income tax paid (257) (98) Net cash flows from operating activities (2,492) 2,950 CASH FLOWS FROM INVESTING ACTIVITIES Acquisition of and proceeds from sale of intangible and tangible fixed assets, net (97) (126) Acquisition of subsidiary, net of cash acquired 1 (190) Acquisition of associate (5,194) Formation of equity accounted investee (103) Proceeds from sale of subsidiary, net of cash disposed of 667 225 Acquisition of groups held for sale (898) Net cash flows used in investing activities (4,726) (989) Page 30 / 31

in MCZK Note 2013 2012 CASH FLOWS FROM FINANCING ACTIVITIES Increase in share capital subscription of new shares 5,700 500 Dividends paid (251) Subordinated liabilities 446 4 Foreign currency difference from subordinated liabilities 66 (18) Net cash flows from financing activities 5,961 486 in MCZK Note 2013 2012 INCREASE IN CASH AND CASH EQUIVALENTS Cash and cash equivalents at beginning of period 5, 33 11,889 9,442 Cash and cash equivalents at end of period 5, 33 10,632 11,889 Cash flows from operating activities include: Interest received 3,235 4,149 Interest paid 1,951 1,557 Dividends received 107 59 The accompanying notes, set out on pages 34 to 116, are an integral part of these consolidated financial statements.

Robert Wilson Videoportréty (Video Portraits) Slovak National Gallery Multimedia in form, innovative, creative and shocking. That was what the exhibition of the American artist and Pulitzer Prize winner was like. The classical canvas was replaced by a HD monitor, which created a compromise between cinematography and static photography.

Notes to the Consolidated Financial Statements for the year ended 31. December 2013 1. GENERAL INFORMATION J&T BANKA, a.s., ( the Bank ) is a joint stock company incorporated on 13 October 1992 in the Czech Republic. The Bank received a licence to act as securities trader on 25 April 2003 and on 22 December 2003, the Bank s licence was extended to include that activity. The Bank s activities are focused on private, investment, corporate and retail banking. The Bank is subject to the regulatory requirements of Czech National Bank ( CNB ). These requirements include limits and other restrictions concerning capital adequacy, the classification of loans and off-balance sheet liabilities, credit exposure with clients of the Bank, liquidity and the Bank s foreign currency position. The registered office of the Bank is at Pobřežní 14, Prague 8, Czech Republic. The Bank, its subsidiaries, associate and joint venture mentioned in the table below ( the Group ) had on average 487 employees in 2013 (2012: 499). The Group operates in the Czech Republic, Slovakia and Russia. A branch of the Bank was established on 23 November 2005, and was registered in the Commercial Register of the District Court Bratislava I, section Po, file 1320/B as the organizational unit J&T BANKA, a.s., pobočka zahraniční banky, Dvořákovo nábrežie 8, 811 02 Bratislava, and with the identification number 35964693. On 15 December 2006, J&T FINANCE GROUP, a.s. contributed its 100% interest in the Bank to the capital of J&T FINANCE, a.s., Pobřežní 297/14, 186 00 Praha 8, which became the Bank s sole shareholder. On 1 January 2009, Slovakia joined the Euro Area and adopted Euro to replace Slovak crown. With effect from that date, the Branch prepares financial statements and maintains its accounting records in Euro. In connection with the shareholder s intention to centralise financial services under J&T BANKA, a.s., the following companies have become subsidiaries, associates and joint ventures.

The companies included in the consolidation Group as at 31 December 2013 are as follows: Company Country of incorporation Share capital in mil. CZK % shareholding Consolidation method Principal activities J&T BANKA, a.s. (parent company) Czech Republic 9,558 parent company Banking activities J&T INVESTIČNÍ SPOLEČNOST, a.s. Czech Republic 20 100 Full Asset management ATLANTIK finanční trhy, a.s. Czech Republic 81 100 Full Investment activities J&T IB and Capital Markets, a.s. Czech Republic 2 100 Full Advisory activities J&T Bank, zao Russia 266 99.125 Full Banking activities TERCES MANAGEMENT LIMITED Cyprus 0.05 99 Full Investment activities Interznanie OAO Russia 121 100 Full Real estate PGJT B.V. Netherlands 219 50 Equity Financial activities PROFIREAL OOO Russia 121 100 Equity Financial activities Poštová banka, a.s. Slovakia 8,400 36.36 Equity Banking activities Poštová banka, a.s., pobočka Česká republika Czech Republic 100 Equity Banking activities Poisťovňa Poštovej banky, a. s. Slovakia 317 100 Equity Insurance activities Dôchodková správcovská spoločnosť Poštovej banky, d.s.s., a. s. Slovakia 328 100 Equity Management of pension funds PRVÁ PENZIJNÁ SPRÁVCOVSKÁ SPOLOČNOSŤ POŠTOVEJ BANKY, správ. spol., a. s. Slovakia 47 100 Equity Asset management POBA Servis, a. s. Slovakia 1 100 Equity Facility management PB PARTNER, a. s. Slovakia 22 100 Equity Financial intermediation PB Finančné služby, a. s. Slovakia 3 100 Equity Operational and financial leasing SPPS, a. s. Slovakia 40 Equity Payment services FOND DLHODOBÝCH VÝNOSOV o.p.f. Slovakia 49.94 Equity Collective investment fund FORESPO BDS a.s. Czech Republic 216 100 Equity Real estate FORESPO - RENTAL 1 a.s. Slovakia 59 100 Equity Real estate FORESPO - RENTAL 2 a. s. Slovakia 602 100 Equity Real estate INVEST-GROUND a. s. Slovakia 78 100 Equity Real estate NÁŠ DRUHÝ REALITNÝ o.p.f. Slovakia 48.77 Equity Collective investment fund FORESPO PÁLENICA a. s. Slovakia 53 100 Equity Real estate FORESPO SMREK a. s. Slovakia 114 100 Equity Real estate FORESPO HOREC a SASANKA a. s. Slovakia 83 100 Equity Real estate FORESPO HELIOS 1 a. s. Slovakia 149 100 Equity Real estate FORESPO HELIOS 2 a. s. Slovakia 160 100 Equity Real estate FORESPO SOLISKO, a. s. Slovakia 78 100 Equity Real estate Collective J&T REALITY, o.p.f. Czech Republic 43.66 Full investment fund Page 34 / 35

The Group provides customers with comprehensive banking services, asset management, financial and capital market transactions for the retail segment, as well as support to start-up and restructuring projects. The Russian market seems to be a growth source for the balance sheet position of J&T Bank, zao. On 8 February, 2013, the Bank acquired 99% interest in the company TERCES MANAGEMENT LIMITED and subsequently the Bank increased capital this company by CZK 435 million. TERCES MANAGEMENT LIMITED society holds a 100% interest in the Russian company Interznanie OAO, which deals with the operation and rental of real estate in Moscow. On 20 March 2013 the Bank repaid the capital in the amount of EUR 4 million in the newly founded company PGJT B.V., in which the Bank holds a 50% market share. On 1 July 2013 the Bank acquired from ISTROKAPITAL SE 36.36% shares in the company Poštová banka, a.s. Parent company of the Bank, J&T Finance, a.s., also acquired 46.052% shares in the company Poštová banka, a.s. on the same day. Therefore, the Group acquired majority ownership interest of 88.055% in Poštová banka, a.s. with the registered office at Dvořákovo nábrežie 4, Bratislava, Slovak Republic. On 30 July 2013 the Bank paid up capital in the amount of EUR 17 million in the newly founded company J&T Reality, o.p.f., in which the Bank holds a 43.66% interest. The Bank fully controls the company through its subsidiary J&T Investiční společnost, a.s., which manages this fund. During the year 2013 the Bank sold its controlling interest in the investment fund J&T FVE UPF, which was presented under Disposal groups held for sale according to IFRS 5 as at 31 December 2012. Acquisitions and disposals of subsidiaries made in 2013 are further presented in Note 48. The Bank s ultimate parent is TECHNO PLUS, a.s., a joint-stock company owned by Jozef Tkáč (50%) and Ivan Jakabovič (50%).

The companies included in the consolidation Group as at 31 December 2012 are as follows: Company Country of incorporation Share capital in mil. CZK % shareholding Consolidation method Principal activities J&T BANKA, a.s. (parent company) Czech Republic 3,858 parent company Banking activies J&T INVESTIČNÍ SPOLEČNOST, a.s. Czech Republic 20 100 Full Asset management ATLANTIK finanční trhy, a.s. Czech Republic 141 100 Full Investment activities J&T IB and Capital Markets, a.s. Czech Republic 2 100 Full Advisory activities J&T Bank, zao Russia 245 99.125 Full Banking activities J&T FVE UPF Czech Republic 99.61 Full FVE Napajedla s.r.o. Czech Republic 0.2 100 Full FVE Slušovice s.r.o. Czech Republic 0.2 100 Full FVE Němčice s.r.o. Czech Republic 0.2 100 Full Collective investment fund Production and distribution of electricity 2. BASIS OF PREPARATION (a) Statement of compliance The consolidated financial statements comprise the accounts of the members of the Group and have been prepared in accordance with International Financial Reporting Standards ( IFRS ) as adopted by the European Union for the reporting period of 1 January 2013 31 December 2013 ( reporting period ). The consolidated financial statements have been prepared under the historical cost convention except for investment property, financial assets and liabilities at fair value through profit or loss, available-for-sale assets and derivatives, which are measured at fair value. The members of the Group maintain their accounting books and prepare their statements for regulatory purposes in accordance with local statutory accounting principles. The accompanying financial statements are based on the statutory accounting records together with appropriate adjustments and reclassifications necessary for fair presentation in accordance with IFRS. In particular, information about significant areas of uncertainty estimation and critical judgements in applying accounting policies that have a significant effect on the amounts recognized in the financial statements are described in note 4. Impact of standards that are not yet effective The Group has evaluated the impact of the standards, interpretations and amendments to valid standards mentioned below, which are not yet in force, but which are already approved and will have an impact on the Group s financial statements in the future. The Group plans to implement these standards as at the date they become effective. Page 36 / 37

IFRS 10 Consolidated Financial Statements The standard replaces the requirements of IAS 27 Consolidated and Separate Financial Statements that address the accounting for consolidated financial statements and SIC 12 Consolidation Special Purpose Entities. What remains in IAS 27 is limited to accounting for subsidiaries, jointly controlled entities, and associates in separate financial statements. The Group is currently assessing the impact of adopting IFRS 10. However, as the impact of adoption depends on the nature of relationships between the Group and other entities at the date of adoption, it is not practical to quantify the effects. The standard becomes effective for reporting periods beginning on or after 1 January 2014. IFRS 11 Joint Arrangements The standard supersedes and replaces IAS 31, Interest in Joint Ventures. IFRS 11 does not introduce substantive changes to the overall definition of an arrangement subject to joint control, although the definition of control, and therefore indirectly of joint control, has changed due to IFRS 10. The Group does not expect the new standard to have any impact on the financial statements, since the assessment of the joint arrangements under the new standard is not expected to result in a change in the accounting treatment of existing joint arrangements. The standard becomes effective for reporting periods beginning on or after 1 January 2014. IFRS 12 Disclosure of Interests in Other Entities The standard requires additional disclosures relating to significant judgements and assumptions made in determining the nature of interests in an entity or arrangement, interests in subsidiaries, joint arrangements and associates and unconsolidated structured entities. The Group does not expect the new standard to have a material impact on the financial statements. The standard becomes effective for reporting periods beginning on or after 1 January 2014. Amendments to IAS 28 Investments in Associates and Joint Ventures (as revised in 2011). As a consequence of the new IFRS 11 and IFRS 12, IAS 28 has been renamed IAS 28 Investments in Associates and Joint Ventures, and describes the application of the equity method to investments in joint ventures in addition to associates. The Group does not expect the amendments to the IAS 28 to have material impact on the financial statements. The amendments become effective for the reporting periods beginning on or after 1 January 2014. Amendments to IAS 32 Offsetting Financial Assets and Financial Liabilities The amendments do not introduce new rules for offsetting financial assets and liabilities; rather, they clarify the offsetting criteria to address inconsistencies in their application. The amendments clarify that an entity currently has a legally enforceable right to set-off if that right is: not contingent on a future event; and enforceable both in the normal course of business and in the event of default, insolvency or bankruptcy of the entity and all counterparties. The Group does not expect the amendments to have any impact on the financial statements since it does not apply offsetting to any of its financial assets and financial liabilities and it has not entered into master netting arrangements. The amendments become effective for the reporting periods beginning on or after 1 January 2014. Amendments to IAS 36 Recoverable Amount Disclosures for Non-Financial Assets The Amendments clarify that recoverable amount should be disclosed only for individual assets (including goodwill) or cash-generated units for which an impairment loss was recognised or reversed during the period. The Amendments also require the following additional disclosures when impairment for individual assets (including goodwill) or cash-generated units has been recognised or

Financial part reversed in the period and recoverable amount is based on fair value less costs to disposal. The Group does not expect the amendments to the IAS 36 to have material impact on the financial statements. The amendments become effective for the reporting periods beginning on or after 1 January 2014. Amendments to IAS 39 Novation of Derivatives and Continuation of Hedge Accounting The Amendments allows hedge accounting to continue in a situation where a derivative, which has been designated as a hedging instrument, is novated to effect clearing with a central counterparty as a result of laws and regulations. The Group does not expect the amendments to the IAS 39 to have material impact on the financial statements. The amendments become effective for the reporting periods beginning on or after 1 January 2014. (b) Functional and presentation currency The accompanying consolidated financial statements are presented in the national currency of the Czech Republic, the Czech crown ( CZK ), rounded to the nearest million. 3. ACCOUNTING POLICIES The particular accounting policies adopted in preparation of the accompanying consolidated financial statements are described below. (a) Principles of consolidation (i) Subsidiaries Subsidiaries are those entities which are controlled by the Company. Control exists when the Company has the power, directly or indirectly, to govern the financial and operating policies of an entity, so as to obtain benefits from its activities. The existence and effect of potential voting rights that are currently exercisable or convertible are considered when assessing whether the Group controls another entity. The consolidated financial statements include the Group s interests in other entities based on the Group s ability to control such entities regardless of whether control is actually exercised or not. The financial statements of subsidiaries are included in the consolidated financial statements from the date that control commences until the date that control ceases. (ii) Associates Associates are those entities in which the Group has significant influence, but not control, over the financial and operating policies. The consolidated financial statements include the Group s share of the total recognised gains and losses of associates on an equity accounted basis, from the date that significant influence commences until the date that significant influence ceases. When the Group s share of losses exceeds the carrying amount of the associate, the carrying amount is reduced to nil and recognition of further losses is discontinued, except to the extent that the Group has incurred obligations in expect of the associate. Page 38 / 39

(iii) Jointly controlled entities (joint ventures) Jointly controlled entities are those enterprises over whose activities the Group has joint control, established by contractual agreement. The consolidated financial statements include the Group s share of the total recognised gains and losses of joint ventures on an equity accounted basis, from the date that joint control commences until the date that joint control ceases. (iv) Transactions eliminated on consolidation Intra-group balances and transactions, and any unrealised gains (losses) arising from intra-group transactions, are eliminated in preparing the consolidated financial statements. (v) Loss of control Upon the loss of control, the Group derecognises the assets and liabilities of the subsidiary, any non-controlling interests and the other components of equity related to the subsidiary. Any surplus or deficit arising on the loss of control is recognised in profit or loss. If the Group retains any interest in the previous subsidiary, such interest is measured at fair value at the date that control is lost. Subsequently, it is accounted for as equity accounted investee or as an available-for-sale financial asset depending on the level of influence retained. (vi) Unification of accounting principles The accounting principles and procedures applied by the consolidated companies in their financial statements were unified in the consolidation, and agree with the principles applied by the Parent Company. (b) Financial instruments Classification Financial instruments at fair value through profit or loss are those that the Group principally holds for the purpose of short-term profit taking. These include investments and derivative contracts that are not designated as effective hedging instruments and liabilities from short sales of financial instruments. Originated loans and receivables comprise loans, advances to banks and customers other than purchased loans and bills of exchange. Held-to-maturity assets are financial assets with fixed or determinable payments and fixed maturity that the Group has the intent and ability to hold to maturity. Available-for-sale assets are financial assets that are not measured at fair value through profit or loss or held to maturity. The Group s accounting policies provide scope for assets and liabilities to be designated at inception into different accounting categories in certain circumstances: In classifying financial assets or liabilities as trading, management has determined that the Group meets the description of trading assets and liabilities;

Financial part The Group regularly evaluates the liquidity of particular financial instrument with respect to market conditions; In classifying financial assets as held-to-maturity, management has determined that the Group has both the positive intention and the ability to hold the assets until their maturity date as required. Recognition Financial assets at fair value through profit or loss are recognized on the date the Group commits to purchase the assets. From this date, any gains or losses arising from changes in the fair value of the assets are recognized in the statement of comprehensive income. The Group recognizes available-for-sale assets on the date it commits to purchase the assets. From this date, any gains or losses arising from changes in the fair value of the assets are recognized in equity as differences from revaluation of assets. Held-to-maturity assets are accounted for at trade date. Measurement Financial instruments are measured initially at fair value, including transaction costs, with the exception of transaction costs related to financial instruments designated at fair value through profit or loss which are recognized directly in the statement of comprehensive income. Subsequent to initial recognition, all instruments designated at fair value through profit or loss and all available-for-sale assets are measured at fair value, except any instrument that does not have a quoted market price on an active market and whose fair value cannot be reliably measured, which is stated at cost, including transaction costs, less impairment losses. All non-trading financial liabilities, originated loans and receivables and held-to-maturity assets are measured at amortised cost less impairment losses. Amortised cost is calculated using the effective interest rate method. Premiums and discounts, including initial transaction costs, are included in the carrying amount of the related instrument and amortised based on the effective interest rate of the instrument. Fair value measurement principles The fair value of financial instruments is based on their quoted market price at the statement of financial position date without any deduction for transaction costs. If a quoted market price is not available, the fair value of the instrument is estimated using pricing models or discounted cash flow techniques. Where discounted cash flow techniques are used, estimated future cash flows are based on management s best estimates and the discount rate is a market-related rate at the statement of financial position date for an instrument with similar terms and conditions. Where pricing models are used, inputs are based on market-related measures at the statement of financial position date. Page 40 / 41

Gains and losses on subsequent measurement Gains and losses arising from changes in the fair value of financial instruments at fair value through profit or loss are recognised in the statement of comprehensive income while gains and losses arising from changes in the fair value of available-for-sale assets are recognized directly in equity as differences arising from revaluation of assets and liabilities. Changes in fair value are derecognised from equity through profit or loss at the moment of sale. Interest from available-for-sale securities is recorded in the statement of comprehensive income. Derecognition A financial asset is derecognised when the Group loses control over the contractual rights that comprise that asset. This occurs when the rights are realised, expire or are surrendered. A financial liability is derecognised when it is extinguished. Available-for-sale assets and financial assets at fair value through profit or loss that are sold are derecognised and the corresponding receivables from the buyer are recognised on the day the Group commits to sell the assets. Held-to-maturity instruments and originated loans and receivables are derecognised on the day they are sold by the Group. Impairment Financial assets are reviewed at each statement of financial position date to determine whether there is objective evidence of impairment. If any such indication exists, the recoverable amount of the asset is estimated. The Group assesses at the end of each quarter, whether there is any objective evidence that a financial asset or a group of financial assets is impaired. A financial asset or a group of financial assets is deemed to be impaired if, and only if, there is objective evidence of impairment as a result of one or more events that have occurred after the initial recognition of the asset (an incurred loss event) and that loss event (or events) has an impact on the estimated future cash flows of the financial asset or the group of financial assets that can be reliably estimated. Evidence of impairment may include: indications that the borrower or a group of borrowers is experiencing significant financial difficulty; the probability that they will enter bankruptcy or other financial reorganisation; default or delinquency in interest or principal payments; and where observable data indicates that there is a measurable decrease in the estimated future cash flows, such as changes in arrears or economic conditions that correlate with defaults. Loans and advances to customers and deposits with banks Loans and advances to customers and deposits with banks are carried at the amount of principal outstanding including accrued interest, net of impairment. The impairment is booked as specific allowance for loan losses.

Financial part Individually assessed allowances Based on regular reviews of the outstanding balances, specific allowances for loan losses are made for the carrying amount of loans and advances that are identified as being impaired to reduce these loans and advances to the amounts recoverable. The Group mainly uses the financial statements of the client and the Group s own analysis as the basis for assessment of the loan s collectability. Allowances made, less amounts released during the reporting period, are charged to statement of comprehensive income. Outstanding loan exposures are written off only when there is no realistic prospect of recovery. If in a subsequent period the amount of an allowance for loan losses decreases and the decrease can be linked objectively to an event occurring after the allowance was booked, the allowance is reversed through the statement of comprehensive income. Collectively assessed allowances Allowances are assessed collectively for losses on loans that are not individually significant and for individually significant loans and advances that have been assessed individually and found not to be impaired. Allowances are evaluated separately on regularly basis with each portfolio. The collective assessment is made for groups of assets with similar risk characteristics, in order to determine whether provision should be made due to incurred loss events for which there is objective evidence, but the effects of which are not yet evident in the individual loans assessments. In estimating the amount of allowances necessary, management evaluates the likelihood of repayment of individual loans and takes into account the value of collateral and the ability of the Group to realize the collateral. Treasury bills Treasury bills, comprising bills issued by Czech government agencies, are stated at cost including the amortised discount arising on purchase. The discount is amortised over the term to maturity with the amortisation being included in interest income. Derivatives Derivatives including currency forwards and options are initially recognized in the statement of financial position at cost (including transaction costs) and are subsequently remeasured at their fair value. Fair values are obtained from quoted market prices and discounted cash flow models. The positive fair value of derivatives is recognized as an asset while the negative fair value of derivatives is recognized as a liability. Certain derivatives embedded in other financial instruments are treated as separate derivatives when their risks and characteristics are not closely related to those of the host contract, a separate instrument with the same terms as the embedded derivative would meet the definition of a derivative and the hybrid (combined) instrument is not measured at fair value with changes in fair value recognised in profit or loss. Page 42 / 43

Changes in the fair value of derivatives are included in net trading income. Hedge accounting Fair Value Hedge When a derivative is designated as a hedge of the change in fair value of a recognised asset or liability or a commitment, changes in the fair value of the derivative are recognised immediately in the statement of comprehensive income together with changes in the fair value of the hedged item that are attributable to the hedged risk (in the same line as the hedged item). Hedge accounting is discontinued if the derivative expire or is sold, terminated, or exercised, no longer meets the criteria for fair value hedge accounting, or the designation is revoked. Any adjustment to a hedged item for which the effective interest rate method is used is amortised to profit or loss as part of the recalculated effective interest rate of the item over its remaining life. (c) Sale and repurchase agreements Where securities are sold under a commitment to repurchase at a predetermined price ( repurchase agreements ), they remain on the statement of financial position and a liability is recorded equal to the consideration received. Conversely, securities purchased under a commitment to resell ( reverse repurchase agreements ) are not recorded on the statement of financial position and the consideration paid is recorded as a loan. The difference between the sale price and repurchase price is treated as interest and accrued evenly over the life of the transaction. Repos and reverse repos are recognised on a settlement date basis. (d) Intangible assets Goodwill and intangible assets acquired in a business combination Goodwill represents the excess of the cost of an acquisition over the fair value of the Group s share of the net identifiable assets of the acquired subsidiary/associate at the date of acquisition. Goodwill on acquisition of subsidiaries is included under intangible assets. Goodwill on acquisition of associates and joint ventures is included in the carrying amount of investments in associates. Goodwill is tested annually for impairment and carried at cost less accumulated impairment losses. Gains and losses on the disposal of an entity include the carrying amount of goodwill relating to the entity sold. Intangible assets acquired in a business combination are recorded at fair value on the acquisition date if the intangible asset is separable or arises from contractual or other legal rights. Intangible assets with an indefinite useful life are not subject to amortisation and are recorded at cost less impairment. Intangible assets with a definite useful life are amortised over their useful lives and are recorded at cost less accumulated amortisation and impairment.

Financial part Intangible assets Intangible assets are stated at historical cost less accumulated amortization and impairment losses. Amortisation is charged to the statement of comprehensive income on a straight-line basis over the estimated useful lives of intangible assets other than goodwill, form the date the asset is available for use. The estimated amortization rates per a year are as follows: Software 25% Other intangible assets 11% 50% Customers relationships 5% 33% Subsequent expenditure Subsequent expenditure on intangible assets is capitalised only when it increases the future economic benefits embodied in the specific asset to which it relates. Any other expenditure is expensed as incurred. (e) Property and equipment Property and equipment are stated at historical cost less accumulated depreciation and impairment losses. Depreciation is provided on a straight-line basis over the estimated useful economic life of the asset. Assets under construction are not depreciated. The average depreciation rates used are as follows: Buildings 2.5% Office equipment 12.5% 33% Fixtures and fittings 12.5% 33% Land is not depreciated. Subsequent expenditure Subsequent expenditure is capitalised only when it increases the future economic benefits embodied in the specific asset. (f) Investment property Investment property is represented by assets that are held to generate rental income or to realise a long-term increase in value, and are not used in production or for administrative purposes or sold as part of the ordinary business activities of the Group. Investment property is stated at fair value, as determined by an independent registered appraiser or by management. Fair value is assessed based on current prices in an active market for similar properties in the same location and condition, or where not available, by applying generally applicable valuation methodologies such as expert opinions and yield methods. Any gain or loss arising from a change in fair value is recognised in the statement of comprehensive income. Page 44 / 45

(g) Leasing Payments made under operating leases are recognised in profit or loss on a straight-line basis over the term of the lease. Lease incentives received are recognised as an integral part of the total expense, over the term of the lease. When the Group is the lessor in a lease agreement that transfers substantially all of the risks and rewards incidental to ownership of an asset to the lessee, the arrangement is presented within loans and advances. (h) Foreign currency Transactions denominated in foreign currencies are translated into CZK at the official Czech National Bank exchange rates as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange prevailing at the statement of financial position date. All resulting gains and losses are recorded in the statement of comprehensive income in Net trading income, in the period in which they arise. (i) Income and expense recognition Interest income and interest expense are recognised in the statement of comprehensive income using the effective interest rate method. The effective interest rate is the rate that exactly discounts the estimated future cash payments and receipts through the expected life of the financial asset or liability (or, where appropriate, a shorter period) to the carrying amount of the financial asset or liability. The effective interest rate is established on initial recognition of the financial asset and liability and is not revised subsequently. The calculation of the effective interest rate includes all fees and points paid or received, transaction costs and discounts or premiums that are an integral part of the effective interest rate. Transaction costs are incremental costs that are directly attributable to the acquisition, issue or disposal of a financial asset or liability. Fees and commissions are recognized on an accrual basis. (j) Taxation Tax paid is calculated in accordance with the provisions of the relevant legislation based on the profit recognized in the statement of comprehensive income prepared pursuant to local statutory accounting standards, after adjustments for tax purposes. Deferred tax is calculated using the statement of financial position liability method, providing for temporary differences between the accounting and taxation basis of assets and liabilities. Deferred tax liabilities are recognized for deductible temporary differences. A deferred tax asset is recognized only to the extent that it is probable that future taxable profits will be available against which the asset can be utilized. Deferred tax assets are reduced to the extent that it is no longer probable that the related tax benefit will be realized. Currently enacted tax rates are used to determine deferred income taxes. (k) Social security and pension schemes Contributions are made to the government s health, retirement benefit and unemployment schemes at the statutory rates in force during the year based on gross salary payments. The cost of social security payments is charged to the statement of comprehensive income in the same period as the related salary cost. The Group has no further pension or post retirement commitments.

Financial part (l) Cash and cash equivalents Cash and cash equivalents comprise cash balances in hand, cash deposited with central banks and other banks and short-term highly liquid investments with original maturities of three months or less. (m) Provisions A provision is recognized in the statement of financial position when the Group has a legal or constructive obligation as a result of a past event, and it is probable that an outflow of economic benefits will be required to settle the obligation. If the effect is material, provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and, where appropriate, the risks specific to the liability. (n) Offsetting Financial assets and liabilities are offset and the net amount is reported in the statement of financial position when the Group has a legally enforceable right to offset the recognized amounts and the transactions are intended to be settled on a net basis. (o) Segment reporting Segment analysis is based on type of clients and provided services. The management of the entity is provided with the information that allows evaluating the performance of individual segments. The Group s reportable segments according to IFRS 8 are as follows: Financial markets Corporate banking Private banking Retail banking Overhead / ALCO Accounting policies applied to operating segments comply with those described in Note 3. The profits of the segments represent profits before tax achieved by each segment excluding overhead costs and salaries of management. This segment analysis is basis for review and strategic and operational decision making of the management. For operating segment analysis, all assets and liabilities are allocated to the individual reportable segments except for other financial assets and liabilities and current and deferred income tax asset / liability. IFRS 8 requires that operating segments are identified based on internal reporting about the business units of the Group which are regularly reviewed by CEO and allow proper allocation of resources and evaluation of the performance. (p) Business combinations and purchase price allocations The acquiree s identifiable assets, liabilities and contingent liabilities are recognised and measured at their fair values at the acquisition date. For financial statement reporting purposes, allocation of the total purchase price among the net assets acquired is performed with the support of professional advisors. The valuation analysis is based on historical and prospective information available as of the date of the business combination. Any prospective information that may Page 46 / 47

impact the fair value of the acquired assets is based on management s expectations of the competitive and economic environments that will prevail in the future. The results of the valuation analysis are also used to determine the amortisation and depreciation periods for the values allocated to specific intangible and tangible fixed assets. Fair value adjustments resulting from business combinations in 2013 are presented in the following table: in MCZK COMPANIES Property and equipment Investment Property Deferred tax asset/ (liability) Total net balance sheet effect TERCES Group 25 100 (25) 100 TERCES Group contains TERCES MANAGEMENT LIMITED and its subsidiary Interznanie OAO. The company TERCES MANAGEMENT LIMITED was acquired from the member of J&T Group company J&T FINANCE GROUP, a.s. as a common control transaction in accordance with IFRS 3. The Bank presents both subsidiaries in its consolidated financial statements at the same value as they were presented by the parent company at the date of original acquisition. The difference between the net book value at the original and the Bank s date of acquisition is presented as a pricing difference within equity. Fair value adjustments resulting from business combinations in 2012 are presented in the following table: in MCZK Property and equipment Deferred tax asset/ (liability) Total net balance sheet effect COMPANIES FVE Napajedla s.r.o. 97 (18) 79 FVE Němčice s.r.o. 120 (23) 97 FVE Slušovice s.r.o. 107 (20) 87 The Group acquired three companies that own and operate four solar power plants in the Czech Republic: FVE Slušovice s.r.o. on 18 January 2012, and FVE Němčice s.r.o. and FVE Napajedla s.r.o. on 29 February 2012. These companies were acquired by the Group with the intention of further sale to individual investors and were presented as Disposal groups held for sale. The above companies were acquired by the subsidiary J&T IB and Capital Markets, a.s., and subsequently transferred to J&T FVE UPF. The majority of the result is owned by the Group in the year 2012. The Group sold these companies in 2013 (refer Note 48 Acquisitions and disposals of subsidiaries and joint ventures).

Financial part (q) Disposal groups held for sale Disposal groups classified as held for sale are measured at the lower of their carrying amount and fair value less costs to sell. Disposal groups are classified as held for sale if their carrying amounts will be recovered principally through a sale transaction rather than through continuing use. This condition is regarded as met only when the sale is highly probable and the disposal group is available for immediate sale in its present condition, management has committed to the sale, and the sale is expected to be completed within one year from the date of classification. In the consolidated statement of comprehensive income for the reporting period, and for the comparable period of the previous reporting period, income and expenses from discontinued operations are reported separately from income and expenses from continuing operations, down to the level of profit after taxes, even when the Group retains a non-controlling interest in the subsidiary after the sale. The resulting profit or loss (after taxes) is reported separately in the statement of comprehensive income. Property, plant and equipment and intangible assets once classified as held for sale are not depreciated or amortised. 4. USE OF ESTIMATES AND JUDGEMENTS The preparation of financial statements requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognized in the period in which the estimate is revised and in any future periods affected. These principles supplement the commentary on financial risk management. Key sources of estimation uncertainty Allowances for loan losses Assets accounted for at amortised cost are evaluated for impairment on the basis described in accounting policy 3(b). The specific counterparty component of the total allowances for loan losses applies to claims evaluated individually for impairment and is based on management s best estimate of the present value of the cash flows that are expected to be received. In estimating these cash-flows, management makes judgements about the counterparty s financial situation and the net realizable value of any underlying collateral. Each impaired asset is assessed on its merits and the workout strategy. All estimates of cash flows for the calculation of the allowances are independently approved by Credit Risk Management. The allowances are created on an on-going basis as a difference between the nominal value of the receivable and the amount recoverable. Page 48 / 49

Determining fair values The determination of fair value for financial assets and liabilities for which there is no observable market price requires the use of valuation techniques as described in accounting policy 3(b). For financial instruments that are traded infrequently and have little price transparency, fair value is less objective and requires varying degrees of judgement depending on liquidity, concentration, uncertainty of the market factors, pricing assumptions and other risks affecting the specific amounts. The Group measures fair values using the following fair value hierarchy that reflects the significance of the inputs used in making the measurements: Level 1: quoted priced (unadjusted) in active markets for identical assets or liabilities; Level 2: derived from observable market data, either directly (i.e. as prices of similar instruments) or indirectly (i.e. derived from prices); Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs). If the market for a financial instrument is not active, fair value is estimated by using valuation techniques. In applying valuation techniques, management uses estimates and assumptions that are consistent with available information about estimates and assumptions that market participants would use in setting a price for the financial instrument. If the fair values had been higher or lower by 10% than management s estimates, the net carrying amount of Level 3 financial instruments would have been estimated to be CZK 452 million higher or lower than as disclosed as at 31 December 2013 (2012: CZK 510 million). 5. CASH AND CASH EQUIVALENTS in MCZK 2013 2012 Cash in hand (note 6) 176 135 Nostro balances with central banks (note 6) 109 175 Term deposits in central banks up to 3 months (note 6) 7,855 4,915 Receivables from banks on demand (note 7) 2,126 2,049 Term deposits due from fin. institutions up to 3 months (note 7) 366 2,726 Loans due from banks repurchase agreements (note 7) 1,889 Total 10,632 11,889

Financial part 6. CASH AND BALANCES WITH CENTRAL BANKS in MCZK 2013 2012 Balances with central banks (including obligatory minimum reserves) 268 1,753 Nostro balances with central banks 109 175 Term deposits in central banks up to 3 months 7,855 4,915 Total balance with central banks 8,232 6,843 Cash in hand 176 135 Total 8,408 6,978 Balances with central banks represent the obligatory minimum reserves maintained under Czech National Bank, National Bank of Slovakia and Central Bank of the Russian Federation regulations. The obligatory minimum reserve is stated as 2% of primary deposits with maturity of less than two years and is interest bearing except for Central Bank of the Russian Federation where the obligatory minimum reserve is stated as 4.25% of primary deposits and is non-interest bearing. The Bank must maintain the obligatory minimum reserves in accounts with the respective central banks. Compliance with this requirement is measured using the average daily closing balance over the whole month. With regard to the current uncertain situation on the financial markets, the Group has a prudent liquidity policy and holds a significant part of its liquidity surplus in highly liquid assets. Highly liquid assets include balances with the central banks, short term deposits in financial institutions and highly liquid corporate and government bonds. The Group decides on placements based on the credibility of the counterparty and the offered conditions. 7. DUE FROM FINANCIAL INSTITUTIONS in MCZK 2013 2012 Receivables from banks on demand 2,126 2,049 Term deposits and loans up to 3 months 366 2,726 Term deposits and loans over 3 months 53 201 Subordinated loans to banks 220 Loans due from banks repurchase agreements 1,889 Other receivables 791 Total 3,556 6,865 There were no overdue receivables from banks as of 31 December 2013 and 31 December 2012. The weighted average interest rate on deposits and loans with other banks was 0.55% p.a. (2012: 1.64% p.a.). Page 50 / 51

8. DERIVATIVES (a) Derivatives held for trading: in MCZK 2013 Notional amount buy 2013 Notional amount sell 2013 Fair value Positive 2013 Fair value Negative Currency derivatives 28,849 (28,598) 286 (31) Equity derivatives 604 (566) 39 Commodity derivatives 795 (798) 3 Total as at 31 December 2013 30,248 (29,962) 328 (31) in MCZK 2012 Notional amount buy 2012 Notional amount sell 2012 Fair value Positive 2012 Fair value Negative Currency derivatives 25,983 (25,922) 107 (48) Equity derivatives 9 (8) Commodity derivatives 609 (611) 6 (1) Total as at 31 December 2012 26,601 (26,541) 113 (49) All derivatives held for trading are classified as level 2 according to the fair value hierarchy. Purchased and written options are recognized in the trading portfolio. Written options comprise derivatives embedded in structured client deposits. The Group has purchased matching options (with the same underlying assets, maturity and strike prices) from third parties in order to hedge the exposures. Accordingly, the fair value of the purchased options portfolio equals to the fair value of the sum of the written options. Although these options represent an economic hedge, they are presented as trading. FX forward contracts are commitments to either purchase or to sell a designated currency at a specified date for a specified price. Forward contracts result in a credit exposure at a specified future date for a specified price. Forward contracts also result in exposure to market risk based on changes in market prices relative to the contracted amounts. The foreign currency structure of these transactions was as follows: CZK EUR USD RUB other LONG POSITION 31 December 2013 86% 10% 1% 3% 31 December 2012 81% 14% 3% 2%

Financial part The foreign currency structure of the second leg of these transactions was as follows: CZK EUR USD RUB Other SHORT POSITION 31 December 2013 9% 70% 19% 2% 31 December 2012 14% 66% 16% 1% 3% (b) Derivatives held for risk management: in MCZK 2013 Notional amount buy 2013 Notional amount sell 2013 Fair value Positive 2013 Fair value Negative FAIR VALUE HEDGING Currency derivatives 8,962 (9,459) 8 (510) Total as at 31 December 2013 8,962 (9,459) 8 (510) in MCZK 2012 Notional amount buy 2012 Notional amount sell 2012 Fair value Positive 2012 Fair value Negative FAIR VALUE HEDGING Currency derivatives 2,659 (2,673) 5 (33) Total as at 31 December 2012 2,659 (2,673) 5 (33) All derivatives held for risk management are classified as level 2 according to fair value hierarchy. The objective of this hedge is to cover the foreign currency exposure to changes in fair value of investment securities available for sale and investment in joint ventures and associates denominated in foreign currency over the hedging period. The Group uses currency forwards to reach effectiveness within the hedging relationship. Page 52 / 53

9. INVESTMENT SECURITIES AT FAIR VALUE THROUGH PROFIT OR LOSS, INVESTMENT SECURITIES AVAILABLE FOR SALE AND INVESTMENT SECURITIES HELD TO MATURITY (a) Investment securities at fair value through profit or loss: in MCZK SHARES 2013 Fair value 2012 Fair value domestic 14 2 foreign 42 84 ALLOTMENT CERTIFICATES domestic 29 foreign 4 BONDS domestic 4,179 2,754 foreign 3,144 2,448 Total 7,408 5,292 in MCZK 2013 Fair value 2012 Fair value SHARES listed 56 86 ALLOTMENT CERTIFICATES not listed 29 4 BONDS listed 7,323 5,202 Total 7,408 5,292 in MCZK 2013 Fair value 2012 Fair value SHARES corporate 14 74 financial institutions 42 12 ALLOTMENT CERTIFICATES financial institutions 29 4 BONDS government 3,288 1,844 financial institutions 2,840 866 international institutions 9 corporate 1,186 2,492 Total 7,408 5,292

Financial part in MCZK SHARES 2013 Fair value 2012 Fair value Level 1 market price 31 64 Level 3 unobservable inputs 25 22 ALLOTMENT CERTIFICATES Level 1 market price 29 4 BONDS Level 1 market price 5,452 4,059 Level 3 unobservable inputs 1,871 1,143 Total 7,408 5,292 No movements from level 1 to level 2 occurred in 2013 and in 2012. The weighted average interest rate on bonds was 4.72% p.a. (2012: 5.43% p.a.). The following table shows a reconciliation of the opening and closing balances of Level 3 investment securities that are recorded at fair value: in MCZK Shares Bonds Total Balance as at 1 January 2013 22 1,143 1,165 Total gains / (losses) recognised in profit or loss (2) (2) Addition 2 794 796 Disposal (1) (285) (286) Transfer from Level 1 191 191 Effects of movements in foreign exchange 2 11 13 Interest income 19 19 Balance as at 31 December 2013 25 1,871 1,896 During the reporting period, due to changes in market conditions for certain investment securities, quoted prices in active market were no longer available for these securities. The Group transferred from Level 1 to Level 3 bonds amounting to CZK 191 million. In 2012 the Group transferred from Level 1 to Level 3 shares amounting to CZK 18 million and bonds amounting to CZK 942 million. Page 54 / 55

(b) Investment securities available for sale: in MCZK 2013 Fair value 2012 Fair value SHARES domestic 362 456 foreign 183 2,173 ALLOTMENT CERTIFICATES domestic 265 204 foreign 3,015 1,094 BONDS domestic 11,983 12,096 foreign 4,585 7,022 Total 20,393 23,045 in MCZK 2013 Fair value 2012 Fair value SHARES listed 415 2,402 not listed 130 227 ALLOTMENT CERTIFICATES not listed 3,280 1,298 BONDS listed 15,416 18,729 not listed 1,152 389 Total 20,393 23,045 in MCZK 2013 Fair value 2012 Fair value SHARES financial institution 21 262 corporate 524 2,367 ALLOTMENT CERTIFICATES financial institution 3,278 1,298 corporate 2 BONDS government 10,211 15,735 financial institution 1,272 423 corporate 5,085 2,960 Total 20,393 23,045

Financial part in MCZK 2013 Fair value 2012 Fair value SHARES Level 1 market price 278 613 Level 2 observable market data 20 Level 3 unobservable inputs 247 2,016 ALLOTMENT CERTIFICATES Level 1 market price 3,274 1,298 Level 2 observable market data 6 BONDS Level 1 market price 14,243 17,165 Level 3 unobservable inputs 2,325 1,953 Total 20,393 23,045 No movements from level 1 to level 2 occurred in 2013 and in 2012. The weighted average interest rate on bonds was 3.17% p.a. (2012: 3.22% p.a.). The following table shows a reconciliation of the opening and closing balances of Level 3 investment securities that are recorded at fair value: in MCZK Shares Bonds Total Balance as at 1 January 2013 2,016 1,953 3,969 Total gains / (losses) recognised in profit or loss 122 122 Total gains / (losses) recognised in equity 6 6 Addition 48 646 694 Disposal (1,817) (284) (2,101) Effects of movements in foreign exchange (122) (27) (149) Interest income 31 31 Balance as at 31 December 2013 247 2,325 2,572 During the current reporting period, due to changes in market conditions for certain investment securities, quoted prices in active market were no longer available for these securities. Page 56 / 57

(c) Investment securities held to maturity: in MCZK 2013 Amortised cost 2012 Amortised cost BONDS domestic 1,308 foreign 1,846 817 Total 1,846 2,125 in MCZK 2013 Amortised cost 2012 Amortised cost BONDS listed 1,846 2,125 Total 1,846 2,125 in MCZK 2013 Amortised cost 2012 Amortised cost BONDS financial institution 1,418 1,339 corporate 428 786 Total 1,846 2,125 The weighted average interest rate on bonds was 6.19% p.a. (2012: 6.26% p.a.). 10. REPURCHASE AND RESALE AGREEMENTS (a) Resale agreements The Group purchases investment securities under agreements to resell them at future dates ( reverse repurchase agreements ). The seller commits to repurchase the same or similar instruments at an agreed future date. Legal right to investment securities is transferred to the Bank, respectively entity which is a loan provider. Reverse repurchases are entered into as a facility to provide funds to customers. As of 31 December 2013 and 31 December 2012, assets purchased pursuant to the agreements to resell them were as follows: in MCZK Fair value of assets held as collateral Carrying amount of receivable Repurchase date Repurchase price Loans and advances to customers 11,507 9,383 To 1 Year 9,429 Total as at 31 December 2013 11,507 9,383 9,429

Financial part in MCZK Fair value of assets held as collateral Carrying amount of receivable Repurchase date Repurchase price Loans to banks 2,046 1,889 To 3 Months 1,891 Loans and advances to customers 9,099 6,807 To 3 Months 6,821 Total as at 31 December 2012 11,145 8,696 8,712 The Group did not use the acquired collateral for subsequent sale or for hedging of its trading activities. (b) Repurchase agreements Transactions where securities are sold under a repurchase agreement (repo transaction) at a predetermined price are accounted for as loans collateralised by the securities. The legal title to the respective securities is transferred to the lender. However, the securities transferred under a repo transaction are still recognised in the statement of financial position. The price for the sold securities are recognised as a liability and presented under Amounts owed to financial institutions or Amounts owed to customers. in MCZK Fair value of assets held as collateral Carrying amount of receivable Repurchase date Repurchase price Loans from banks 2,198 2,024 To 1 Month 2,024 Loans and advances from customers 23 23 To 3 Months 23 Total as at 31 December 2013 2,221 2,047 2,047 in MCZK Fair value of assets held as collateral Carrying amount of receivable Repurchase date Repurchase price Loans from banks 22 22 To 1 Month 22 Loans and advances from customers 91 89 To 3 Months 89 Total as at 31 December 2012 113 111 111 As at 31 December 2013, the Group sold securities under repurchase agreements at CZK 2 198 million (2012: CZK 0 million), which are recognized in the statement of financial position, and securities under repurchase agreements at CZK 23 million (2012: CZK 113 million) which were purchased under reverse repurchase operations before. Page 58 / 59

11. LOANS AND ADVANCES TO CUSTOMERS, CONTINGENT ASSETS (a) Loans and advances to customers in MCZK 2013 2012 Loans and advances to customers 48,328 32,578 Loans and advances to customers repurchase agreements 9,383 6,807 Bank overdraft 3,230 2,151 Debt securities bills of exchange 225 280 Other receivables 62 149 Less allowances for loan losses (note 12) (1,224) (815) Total net loans and advances to customers 60,004 41,150 Loans and advances to customers as at 31 December 2013 include loans amounting to CZK 9 327 million (2012: CZK 12 901 million) where the repayment of the loans is dependent upon the successful realization of the assets whose acquisition was financed by the relevant loans. These assets are pledged in favour of the Group. Allowances for loan losses and advances to customers are determined and created based upon management s best estimate of the present value of the cash flows that are expected to be received. In estimating these cash flows, management makes judgements about a debtor s financial situation and the net realizable value of any underlying collateral as well as guarantees from third parties. The amount of non-interest bearing loans as at 31 December 2013 totalled to CZK 101 million (2012: CZK 81 million). These loans were mostly acquired from the former Podnikatelská banka. Receivables from these loans are fully provisioned. The weighted average interest rate on loans to customers was 6.91% p.a. (2012: 7.55% p.a.). The weighted average interest rate on bills of exchange was 7.19% p.a. (2012: 7.94% p.a.). (b) Contingent assets Some of the loan agreements entitle the Group to a share of the profits earned from projects that are financed by the Group. These rights may generate additional revenues in the future. The current value of these rights, however, cannot be reliably measured or estimated. The Group is not exposed to any additional risk that would arise from such agreements.

Financial part 12. ALLOWANCES FOR LOAN LOSSES in MCZK 2013 2012 1 January 815 1,233 Charge / (reversal) in the reporting period 515 486 Use / write-offs (143) (893) Currency difference 37 (11) At the end of period 1,224 815 13. INVESTMENT PROPERTY in MCZK 2013 1 January Acquisition through business combination 667 Effect of movement in foreign exchange (21) At the end of period 646 The Group acquired investment property in 2013 through the acquisition of Interznanie OAO (refer Note 3(p) - Business combinations and purchase price allocations and the Note 48 Acquisitions and disposals of subsidiaries and joint ventures). Investment property is insured in full as at 31 December 2013. All investment property is classified as Level 3 according to fair value hierarchy. Page 60 / 61

14. PROPERTY AND EQUIPMENT The movements during the period were as follows: in MCZK Land and buildings Fixtures, fittings and equipment Under construction COST 1 January 2012 3 127 8 138 Additions 13 36 49 Disposals (19) (2) (21) 31 December 2012 16 144 6 166 ACCUMULATED DEPRECIATION 1 January 2012 80 80 Depreciation 1 30 31 Disposals (18) (18) 31 December 2012 1 92 93 COST 1 January 2013 16 144 6 166 Additions 11 11 Additions from acquisition 167 20 187 Disposals (91) (6) (97) Other and foreign exchange 2 2 31 December 2013 183 86 269 ACCUMULATED DEPRECIATION 1 January 2013 1 92 93 Depreciation 7 23 30 Depreciation from acquisition 2 5 7 Disposals (72) (72) 31 December 2013 10 48 58 NET BOOK VALUE 31 December 2012 15 52 6 73 31 December 2013 173 38 211 Total Property is insured against theft and natural disaster. The additions from acquisition in 2013 are represented by the property owned by the newly acquired subsidiary Interznanie OAO. Disposal of Fixtures, fittings and equipment in 2013 mainly relates to the fact that since 1 January 2013 the Bank has transferred all IT services including related equipment to the company within J&T group.

Financial part 15. INTANGIBLE ASSETS The movements during the period were as follows: in MCZK COST Software Other intangible assets Goodwill Assets under construction 1 January 2012 265 130 309 1 705 Additions 37 40 77 Disposals (59) (35) (94) Other (1) 1 31 December 2012 242 130 310 6 688 ACCUMULATED AMORTISATION 1 January 2012 184 32 119 335 Amortisation 40 21 61 Disposals (45) (45) Other (1) 1 31 December 2012 178 53 120 351 COST 1 January 2013 242 130 310 6 688 Additions 29 50 79 Additions from acquisition 273 273 Disposals (31) (31) Other and foreign exchange 2 (12) (10) 31 December 2013 242 130 571 56 999 ACCUMULATED AMORTISATION 1 January 2013 178 53 120 351 Amortisation 37 18-55 Impairment 50 50 Disposals (25) (25) Other and foreign exchange 2 (4) (2) 31 December 2013 192 71 166 429 NET BOOK VALUE 31 December 2012 64 77 190 6 337 31 December 2013 50 59 405 56 570 Total The increase in goodwill by CZK 273 million in 2013 is represented by the goodwill arisen from the acquisition of 99% ownership interest in TERCES MANAGEMENT LIMITED (see the note 48). Entire goodwill was allocated to TERCES MAN- AGEMENT LIMITED subsidiary Interznanie OAO. Page 62 / 63

16. OPERATING LEASES (a) Leases entered into as lessee The Group has non-cancellable operating lease payables as follows: in MCZK 2013 2012 Less than one year 108 89 Between one and five years 301 307 More than five years 163 217 Total 572 613 (b) Leases entered into as lessor The Group leases out its headquarters to other companies under operating leases. The Group has non-cancellable operating lease receivables as follows: in MCZK 2013 2012 Less than one year 5 1 Between one and five years 2 2 More than five years 1 1 Total 8 4 17. PREPAYMENTS, ACCRUED INCOME AND OTHER ASSETS in MCZK 2013 2012 Prepayments and accrued income 90 116 Receivables from customers from securities trading 141 350 Other trading receivables 269 263 Other tax assets 1 Receivables from fees for portfolio management 25 22 Other receivables 53 48 Advance payments other 23 24 Allowances for impairment of other assets (8) (8) Total 594 815 Other trading receivables as at 31 December 2013 include reward for the issue of bonds and bills of CZK 12 million (2012: CZK 157 million) and large number of sundry items that are not significant on an individual basis.

Financial part Allowances for impairment of other assets: in MCZK 2013 2012 1 January 8 7 Charged / (reversed) in the period 2 1 Use / write-offs (2) At the end of period 8 8 18. DISPOSAL GROUPS HELD FOR SALE The structure of the assets and liabilities of the disposal group held for sale as at 31 December 2013 is as follows: in MCZK Other assets Disposal groups held for sale 261 Liabilities associated with assets held for sale Net amount of disposal group held for sale 261 Profit from discontinued operations 214 The structure of the assets and liabilities of the disposal group held for sale as at 31 December 2012 is as follows: in MCZK FVE solar power plants Disposal groups held for sale 1,596 Liabilities associated with assets held for sale 698 Net amount of disposal group held for sale 898 Profit from discontinued operations 95 19. AMOUNTS OWED TO FINANCIAL INSTITUTIONS in MCZK 2013 2012 AMOUNTS OWED TO FINANCIAL INSTITUTIONS COMPRISE: Amounts owed to banks 3,059 3,751 Loans from banks repurchase agreements 2,024 22 Amounts owed to central banks 7,475 Total amounts owed to financial institutions 5,083 11,248 The weighted average interest rate on amounts owed to banks was 0.92% p.a. as at 31 December 2013 (2012: 1.62% p.a.). Page 64 / 65

The branch of the Bank prematurely repaid the loan amounting to CZK 7 099 million to National Bank of Slovakia on 27 February 2013 under the terms announced and published by the European Central Bank. This loan was granted on 1 March 2012 at the rate of 1% p.a. There are no financial obligations relating to the early repayment by the Group. 20. AMOUNTS OWED TO CUSTOMERS in MCZK 2013 2012 AMOUNTS OWED TO CUSTOMERS COMPRISE: Current accounts 11,726 8,024 Term deposits 74,030 55,814 Depository notes 42 100 Loans from customers repurchase agreements 23 89 Other 2 5 Total 85,823 64,032 The weighted average interest rate on amounts owed to customers was 2.77% p.a. as at 31 December 2013 (2012: 2.81% p.a.). 21. SUBORDINATED LIABILITIES in MCZK 2013 2012 SUBORDINATED LIABILITIES AT AMORTISED COST: Issued subordinated bonds 680 622 Subordinated liabilities term deposit from customers 828 374 Total 1,508 996 On 28 February 2007, the Bank issued subordinated bonds with a notional amount of EUR 25 million maturing in 2022. The interest rate was 5.15% p.a. as at 31 December 2013 (2012: 4.93% p.a.). The subordinated liabilities term deposit from customers with a maturity up to 2021 bear an interest rate between 5% and 8% p.a. Czech National Bank approved the subordinated liabilities as a part of the capital for regulatory purposes.

Financial part 22. ACCRUALS, PROVISIONS AND OTHER LIABILITIES Accruals, provisions and other liabilities: in MCZK 2013 2012 Trade payables 93 102 Other liabilities 117 121 Provision for employee benefits 308 22 Provision for off-balance sheet items 29 10 Provision for loyalty programmes customers 59 29 Provision for loyalty programmes employees 3 2 Other current provisions 16 Payables to employees 23 93 Payables related to social costs 10 11 Payables from securities of clients at trader s disposal 2,199 2,922 Estimated payables, accruals and deferred income 156 293 Other tax liabilities 38 47 Total 3,051 3,652 Other liabilities primarily include payables from clearing of CZK 45 million (2012: CZK 10 million) and incoming and outgoing payments from nostro accounts of CZK 6 million (2012: CZK 95 million). in MCZK Balance as at 1 January 2013 Additions / Creations Use Movement Foreign exchange difference Balance as at 31 December 2013 PROVISIONS: Employee benefits 22 209 (12) 84 5 308 Off-balance sheet items 10 47 (30) 2 29 Loyalty programmes customers 29 32 (2) 59 Loyalty programmes employees 2 5 (4) 3 Other current provisions 16 16 Total 63 309 (48) 84 7 415 Amount CZK 84 million relating to provision for employee benefits presented in column Movement was disclosed as estimated payable as at 31 December 2012. Page 66 / 67

23. SHARE CAPITAL, RETAINED EARNINGS AND CAPITAL FUNDS in MCZK 2013 SHARE CAPITAL IS FULLY PAID AND CONSISTS OF: 9 557 126 ordinary shares with a nominal value of CZK 1 000 per share 9,557 700 000 ordinary shares with a nominal value of CZK 1.43 per share 1 Total share capital 9,558 The Group does not provide any employee incentive scheme involving the option to buy own shares, or remuneration in the form of equity options. The allocation of the profit will be approved at the General Meeting. The Group s Management assumes that the part of the profit will be paid as a dividend to shareholders. Retained earnings Retained earnings are distributable to the Group s shareholders and are subject to the shareholders meeting resolution. As at 31 December 2013, retained earnings amounted to CZK 3 683 million (2012: CZK 2 943 million). Capital funds Capital funds consist of a statutory reserve fund and other non-distributable capital funds. The use of the statutory reserve fund is limited by legislation and the articles of association of the Group. The Group is obliged to contribute an amount to the fund each year, which is not less than 5% of its annual net profit until the aggregate amount reaches a minimum level equal to 20% of the issued share capital. The legal reserve fund is not distributable to shareholders. The statutory reserve fund amounted to CZK 185 million as at 31 December 2013 (2012: CZK 110 million). Other reserves The Other reserves comprise the items arisen from the following: changes in the fair value of investment securities available for sale; translation reserve comprises all foreign exchange difference arising from the translation of the financial statements of foreign operations that are not integral to the operations of the Group. The revaluation reserve amounted to CZK 0 million as at 31 December 2013 (2012: CZK 501 million).

Financial part 24. NON-CONTROLLING INTEREST in MCZK 2013 2012 J&T BANK ZAO 5 5 Interznanie OAO (1) Terces Management Limited 5 J&T REALITY, o.p.f. 611 Total 620 5 25. CORPORATE INCOME TAX Corporate income tax was calculated in accordance with Czech tax regulations at the rate of 19% in 2013 (2012: 19%). The corporate income tax rate for 2014 will be 19%. The Slovak branch pays tax in accordance with Slovak tax law. The tax paid by the branch in Slovakia is offset against the income tax for the Bank as a whole paid in the Czech Republic. The corporate income tax rate in Slovakia for 2013 is 23% (2012: 19%). As from 1 January 2014 the tax rate in Slovakia is 22%. The Czech Republic currently has a number of laws related to various taxes imposed by governmental authorities. Applicable taxes include value-added tax, corporate tax, and payroll (social) taxes and various others. Tax declarations, together with other legal compliance areas (such as customs and currency control matters) are subject to review and investigation by a number of authorities, who are enabled by law to impose fines, penalties and interest charges. This results in tax risks in the Czech Republic which are substantially more significant than typically found in countries with more developed tax systems. Effects of different tax rates of subsidiaries are taken into account when calculating income tax in total and are represented by row Effect of tax rates in foreign jurisdictions. The corporate income tax rate in Russia for 2013 is 20% (2012: 20%). Management believes that it has adequately provided for the tax liabilities in the accompanying consolidated financial statements. Page 68 / 69

The reconciliation of the expected income tax expense is as follows: in MCZK 2013 2012 Profit before income tax 685 1 193 Tax non-deductible expenses 375 480 Non-taxable revenues and tax refund for the last period (322) (258) Statutory income tax rate 19% 19% Income tax (140) (269) Effect of tax rates in foreign jurisdictions (11) (3) Income tax Total (151) (272) OF WHICH: Deferred tax (expense) / revenue 54 1 Current tax (expense) (205) (273) Effective tax rate 22.1% 22.8% The main adjustments when calculating the taxable profit from the accounting profit relate to tax exempt income and expenses to be added to the tax base. The main non-deductible expenses are tax non-deductible provisions to receivables, gifts and representation expenses. 26. DEFERRED TAX The Group has the following deferred tax assets and liabilities: in MCZK 2013 Deferred tax asset / (liability) 2012 Deferred tax asset / (liability) Difference between accounting and tax values of property and equipment (13) (17) Unpaid penalty interest (4) Investment securities at fair value at through profit or loss 2 1 Available-for-sale financial assets (24) (116) Investment property (119) Other items/provisions 56 (5) Net deferred tax liability (98) (141) The deferred tax asset and liability is calculated using the 2013 corporate income tax rate of 19%, for J&T Bank, zao 20% and for J&T Banka Slovak Branch 23% (2012: 19%, 20% and 23%).

Financial part The following table shows the reconciliation between the deferred tax charge and the change in deferred tax liabilities in 2013. in MCZK 2013 2012 Deferred tax liability, net as at 1 January (141) 16 Incoming from business combination (120) Deferred tax expense in the period 54 1 Deferred tax recognized in equity 102 (158) Currency difference 7 Net deferred tax liability as at the end of the period (98) (141) The following table shows the net deferred tax by company as at 31 December 2013: in MCZK Asset Liability Net DEFERRED TAX J&T BANKA, a.s. (parent company) 35 35 J&T INVESTIČNÍ SPOLEČNOST, a.s. (2) (2) ATLANTIK finanční trhy, a.s. (4) (4) Interznanie OAO (119) (119) J&T Bank, zao (8) (8) Net deferred tax asset liability 35 (133) (98) The following table shows the net deferred tax by company as at 31 December 2012: in MCZK Asset Liability Net DEFERRED TAX J&T BANKA, a.s. (parent company) (122) (122) J&T INVESTIČNÍ SPOLEČNOST, a.s. (3) (3) ATLANTIK finanční trhy, a.s. (6) (6) J&T Bank, zao (10) (10) Net deferred tax asset liability (141) (141) Page 70 / 71

27. INTEREST INCOME in MCZK 2013 2012 INTEREST INCOME FROM: Due from financial institutions 49 111 Loans and advances to customers 2,946 2,597 Repo transactions 416 357 Bonds and other fixed income securities 870 910 Other operations 24 5 Total 4,305 3,980 Item Loans and advances to customers includes commissions for origination of loans of CZK 30 million (2012: CZK 29 million), which are part of effective interest rate. Interest income according to classes of assets: in MCZK 2013 2012 INTEREST INCOME FROM: Financial assets at fair value through profit or loss: those held for trading 200 268 those designated at initial recognition 130 76 Investment securities available for sale 438 423 Investment securities held to maturity 126 148 Loans and other receivables 3,411 3,065 of which: Impaired loans and receivables 39 167 Total 4,305 3,980 28. INTEREST EXPENSE in MCZK 2013 2012 INTEREST EXPENSE ON: Amounts owed to financial institutions (103) (217) Amounts owed to customers (2,306) (1,864) Repo transactions (1) (7) Bonds and other fixed income securities (40) (40) Other operations (23) (1) Total (2,473) (2,129)

Financial part Interest expense according to classes of liabilities: in MCZK 2013 2012 INTEREST EXPENSE ON: Financial liabilities at amortised cost (2,450) (2,128) Financial liabilities at fair value through profit or loss (23) (1) Total (2,473) (2,129) 29. FEE AND COMMISSION INCOME in MCZK 2013 2012 FEE AND COMMISSION INCOME FROM: Securities and derivatives for customers 476 576 Loan activities 50 29 Payment transactions 44 42 Other 33 30 Total 603 677 30. FEE AND COMMISSION EXPENSE in MCZK 2013 2012 FEE AND COMMISSION EXPENSE ON: Transactions with securities (128) (149) Payment transactions (13) (12) Other (14) (16) Total (155) (177) 31. NET TRADING INCOME in MCZK 2013 2012 Realised and unrealised gains on securities 460 335 Net gains / (losses) on derivative operations (1,329) 726 Profit from ceded receivables 2 4 Net profit / (loss) from foreign currency translation 1,361 (343) Net gains / (losses) on hedging derivative operations (4) 2 Revenue from dividends 3 2 Total net trading income 493 726 Page 72 / 73

in MCZK 2013 2012 NET TRADING INCOME COMPRISES OF: Financial assets and liabilities at fair value through profit or loss: those held for trading (1,345) 967 those designated at initial recognition 7 54 Financial assets available for sale 468 44 Profit or loss from loans and other receivables 2 4 Exchange rate differences 1,361 (343) Total 493 726 32. OTHER OPERATING INCOME in MCZK 2013 2012 Rental from investment property 78 Profit from disposal of fixed assets 12 8 Income from advisory services 53 46 Income from re-invoicing of services 6 11 Other income 23 15 Total 172 80 Other income of CZK 23 million at 31 December 2013 (2012: CZK 15 million) includes a large number of sundry items that are not significant on an individual basis. 33. PERSONNEL EXPENSES in MCZK 2013 2012 Wages and salaries (452) (514) Directors and Supervisory Board members remuneration (129) (72) Social costs (102) (149) Other social costs (15) (17) Total personnel expenses (698) (752) Average number of employees during the reporting period 487 499 There were 20 members of the Group s Board of Directors at 31 December 2013 (2012: 18).

Financial part 34. OTHER OPERATING EXPENSES in MCZK 2013 2012 Rent expense (113) (104) Contributions to Deposit Insurance Fund (113) (89) Taxes and fees (118) (69) OPERATING COSTS: Repairs and maintenance other (5) (4) Advisory services (12) (9) Communication fees (13) (14) Consumption of material (18) (20) Marketing and representation (148) (124) Audit, legal and tax consulting (51) (42) Travel costs (17) (19) Expenses form re-invoicing (6) (12) Repairs and maintenance IS, IT (25) (25) Gifts (16) Services related to rent (28) (26) Outsourcing (110) (11) Expenses related to investment property (6) Other operating costs (138) (131) Total (937) (699) The increase in the cost of outsourcing in the amount of CZK 99 million (2012: CZK 0 million) represents mainly transfer of activities relating to the consolidation of information technology services and logistics to the company belonging to the J&T Group, from which the Group outsources it. Other operating costs of CZK 138 million at 31 December 2013 (2012: CZK 131 million) include a large number of sundry items that are not significant on an individual basis. In the previous year, the government of the Slovak Republic introduced a bank levy ( the levy ). The levy is calculated based on the sum of a bank s total liabilities and equity, as reported in the balance sheet, less equity (if positive), longterm funds provided to a foreign bank s branch (applicable to branches), and subordinated debt. The levy is applied at a rate of 0.4% and is not deductible for corporative tax purposes. The levy does not fall within the scope of IAS 12 Income Taxes. The Group considers the levy to be operational in nature and has accrued the respective cost within Other operating expenses. Taxes and fees in 2013 include a special levy to the Slovak Tax Authority of CZK 90 million (2012: CZK 65 million). Page 74 / 75

35. ANALYSIS OF THE BALANCES OF CASH AND CASH EQUIVALENTS AS SHOWN IN THE STATEMENT OF FINANCIAL POSITION in MCZK Cash and balances with central bank Term deposits in central banks up to 3 months Loans to banks repurchase agreements Receivables from bank on demand or up to 3 months Total 31 December 2011 197 361 800 8,084 9,442 Change in 2012 113 4,554 1,089 (3,309) 2,447 31 December 2012 310 4,915 1,889 4,775 11,889 Change 2013 (25) 2,940 (1,889) (2,283) (1,257) 31 December 2013 285 7,855 2,492 10,632 Obligatory minimum reserves with central banks is not included in Cash and cash equivalents for Statement of Financial Position purposes. 36. FINANCIAL COMMITMENTS AND CONTINGENCIES in MCZK 2013 2012 FINANCIAL COMMITMENTS AND CONTINGENCIES COMPRISE: Granted guarantees 1,836 1,717 Unused credit lines 3,336 2,971 Securities held on behalf of clients 22,805 12,401 Total 27,977 17,089 37. SEGMENT REPORTING Segment information is presented in respect of the Group s business and geographical segments. The primary format, business segments, is based on the Group s management and internal reporting structure. (a) Business segments The Group comprises the following main business segments: Financial markets Includes the trading and corporate finance activities, mainly activities within financial markets department regardless of level of service and client business segment Corporate Banking Includes loans, deposits and other transactions and balances with corporate customers (including business segment: corporations, non-profit organisations, financial institutions) Private Banking Includes loans, deposits and other transactions and balances with private banking and premium banking customers

Financial part Retail Banking Includes loans, deposits and other transactions and balances with retail customers Overhead / ALCO Includes balance sheet items of strategic importance that are managed by the Asset and Liability Committee The Group also has a central Shared Services operation that manages the Group s premises and certain corporate costs. Cost-sharing agreements are used to allocate central costs to business segments on a reasonable basis. Overhead includes balance sheet items of strategic importance that are managed by the Asset and Liability Committee. The most important items are: Investment securities available for sale and held to maturity Due from financial institutions Amount owed to financial institutions Cash and balances with central banks Equity Personnel costs, operating expenses and depreciation charges that are not allocated to business segments are also included in this segment. Consolidated statement of financial position as at 31 December 2013: Financial Corporate Private Retail Overhead / in MCZK markets banking banking banking ALCO Total Cash in hand and balances with central banks 8,408 8,408 Due from financial institutions 3,556 3,556 Investment securities 6,908 23,075 29,983 Investment in joint ventures and associates 5,939 5,939 Investment property 646 646 Loans and advances to customers 14,475 35,912 8,997 620 60,004 Current tax assets 30 30 Deferred tax assets 35 35 Prepayments, accrued income and other assets 1,375 1,375 Disposal groups held for sale 261 261 Total Assets 21,383 35,912 8,997 620 43,325 110,237 Page 76 / 77

Financial Corporate Private Retail Overhead / in MCZK markets banking banking banking ALCO Total Negative fair value of derivatives 31 510 541 Amounts owed to financial institutions 5,083 5,083 Amounts owed to customers 38,325 15,210 32,288 85,823 Subordinated liabilities 1,050 361 97 1,508 Current tax liabilities 52 52 Deferred tax liabilities 133 133 Accruals, provisions and other liabilities 3,051 3,051 Disposal groups held for sale Shareholder s equity 14,046 14,046 Total Liabilities and Equity 31 39,375 15,571 32,385 22,875 110,237 Consolidated statement of financial position as at 31 December 2012: in MCZK Financial markets Corporate banking Private banking Retail banking Overhead / ALCO Total Cash in hand and balances with central banks 6,978 6,978 Due from financial institutions 22 6,843 6,865 Investment securities 4,814 25,766 30,580 Loans and advances to customers 10,554 23,940 6,208 360 88 41,150 Current tax assets 7 7 Prepayments, accrued income and other assets 350 875 1,225 Disposal groups held for sale 1,596 1,596 Total Assets 15,740 23,940 6,208 360 42,153 88,401 in MCZK Financial markets Corporate banking Private banking Retail banking Overhead / ALCO Total Negative fair value of derivatives 82 82 Amounts owed to financial institutions 50 762 10,436 11,248 Amounts owed to customers 6 32,653 10,222 21,144 7 64,032 Subordinated liabilities 996 996 Current tax liabilities 135 135 Deferred tax liabilities 141 141 Accruals, provisions and other liabilities 3,652 3,652 Disposal groups held for sale 698 698 Shareholder s equity 7,417 7,417 Total Liabilities and Equity 3,063 34,411 10,222 21,144 19,561 88,401

Financial part Consolidated statement of comprehensive income for the period ended 31 December 2013: in MCZK Financial markets Corporate banking Private banking Retail banking Overhead / ALCO Net interest income 180 989 298 150 215 1,832 Fee and commission income 492 93 8 10 603 Fee and commission expense (118) (37) (155) Dividends from investments in AFS 42 42 Net trading income / (expense) 493 493 Other operating income 132 40 172 Operating profit 2,987 Personnel expenses (122) (97) (73) (16) (390) (698) Other operating expenses (116) (36) (16) (6) (763) (937) Depreciation (27) (2) (1) (55) (85) Impairment of goodwill (50) (50) Profit before provisions, allowances and income taxes 1,217 Net change in provisions from financial activities (17) (17) Net change in allowances for loan losses 3 (473) (43) (2) (515) Profit before income tax, excluding profit from joint ventures and associates 685 Profit/(loss) from joint ventures and associates 321 321 Profit before income tax 1,006 Income tax (191) (72) (34) (39) 185 (151) Profit from continuing operations 855 Profit from discontinued operations 214 Profit for the reporting period 1,069 Total Page 78 / 79

Consolidated statement of comprehensive income for the period ended 31 December 2012: in MCZK Financial markets Corporate banking Private banking Retail banking Overhead / ALCO Net interest income 112 946 283 229 281 1,851 Fee and commission income 591 77 4 5 677 Fee and commission expense (133) (38) (1) (5) (177) Dividends from investments in AFS 58 58 Net trading income / (expense) 726 726 Other operating income (30) 110 80 Operating profit 3,215 Personnel expenses (107) (58) (86) (21) (480) (752) Other operating expenses (69) (21) (32) (26) (551) (699) Depreciation (28) (2) (1) (61) (92) Profit before provisions, allowances and income taxes 1,672 Net change in provisions from financial activities 7 7 Net change in allowances for loan losses (486) (486) Profit before income tax 1,193 Income tax (225) (66) (39) (42) 100 (272) Profit from continuing operations 921 Profit from discontinued operations 95 Profit for the reporting period 1,016 Total (b) Geographical segments In presenting information on the basis of geographical areas, revenue is based on the customer s country of domicile and assets/liabilities are based on the geographical location of the assets/liabilities. Operating expense and income tax are unallocated.

Financial part Consolidated statement of financial position as at 31 December 2013: in MCZK Czech Republic Slovakia Other European Union Other countries Unallocated Total Cash in hand and balances with central banks 7,821 421 166 8,408 Due from financial institutions 1,128 444 1,489 495 3,556 Investment securities 17,030 7,505 3,020 2,428 29,983 Investment in joint ventures and associates 5,930 9 5,939 Loans and advances to customers 9,626 12,852 34,589 2,937 60,004 Current tax assets 30 30 Deferred tax assets 35 35 Investment property 646 646 Prepayments, accrued income and other assets 1,375 1,375 Disposal groups held for sale 113, 148 261 Total Assets 35,718 27,152 39,107 6,174 2,086 110,237 in MCZK Czech Republic Slovakia Other European Union Other countries Unallocated Total Negative fair value of derivatives 26 513 2 541 Amounts owed to financial institutions 2,074 328 2,681 5,083 Amounts owed to customers 54,535 23,363 3,648 4,277 85,823 Subordinated liabilities 506 322 687 (7) 1,508 Current tax liabilities 52 52 Deferred tax liabilities 133 133 Accruals, provisions and other liabilities 3,051 3,051 Shareholder s equity 14,046 14,046 Total Liabilities and Equity 57,141 24,013 7,529 4,272 17,282 110,237 Page 80 / 81

Consolidated statement of financial position as at 31 December 2012: in MCZK Czech Republic Slovakia Other European Union Other countries Unallocated Total Cash in hand and balances with central banks 5,183 1,590 205 6,978 Due from financial institutions 1,118 3,607 368 1,772 6,865 Investment securities 16,863 9,892 3,016 809 30,580 Loans and advances to customers 8,921 10,018 20,478 1,733 41,150 Current tax assets 7 7 Prepayments, accrued income and other assets 1,225 1,225 Disposal groups held for sale 1,596 1,596 Total Assets 33,681 25,107 23,862 4,519 1,232 88,401 in MCZK Czech Republic Slovakia Other European Union Other countries Unallocated Total Negative fair value of derivatives 5 4 73 82 Amounts owed to financial institutions 3,161 7,100 75 912 11,248 Amounts owed to customers 42,494 17,168 1,655 2,715 64,032 Subordinated liabilities 70 304 630 (8) 996 Current tax liabilities 135 135 Deferred tax liabilities 141 141 Accruals, provisions and other liabilities 3,652 3,652 Disposal groups held for sale 698 698 Shareholder s equity 7,417 7,417 Total Liabilities and Equity 46,428 24,576 2,433 3,619 11,345 88,401

Financial part Consolidated statement of comprehensive income for the year ended 31 December 2013: in MCZK Czech Republic Slovakia Other European Union Other countries Unallocated Total Interest income 1,197 1,038 1,558 512 4,305 Interest expense (1,555) (615) (48) (255) (2,473) Net interest income (358) 423 1,510 257 1,832 Fee and commission income 300 151 116 36 603 Fee and commission expense (133) (18) (4) (155) Dividends from investments in AFS 16 18 7 1 42 Net trading income / (expense) 1,362 309 (1,201) 23 493 Other operating income 172 172 Operating profit 2,987 Personnel expenses (698) (698) Other operating expenses (937) (937) Depreciation (85) (85) Impairment of goodwill (50) (50) Profit before provisions, allowances and income taxes 1,217 Net change in provisions from financial activities (17) (17) Net change in allowances for loan losses (515) (515) Profit before income tax, excluding profit from joint ventures and associates 685 Profit / (loss) from joint ventures and associates 321 321 Profit before income tax 1,006 Income tax (151) (151) Profit from continued operations 855 Profit from discontinued operations 214 Profit for the reporting period 1,069 Page 82 / 83

Consolidated statement of comprehensive income for the year ended 31 December 2012: in MCZK Czech Republic Slovakia Other European Union Other countries Unallocated Total Interest income 1,406 757 1,368 449 3,980 Interest expense (1,347) (580) (50) (152) (2,129) Net interest income 59 177 1,318 297 1,851 Fee and commission income 420 46 191 20 677 Fee and commission expense (157) (15) (1) (4) (177) Dividends from investments in AFS 22 33 3 58 Net trading income / (expense) (577) 166 1,090 47 726 Other operating income 80 80 Operating profit 3,215 Personnel expenses (752) (752) Other operating expenses (699) (699) Depreciation (92) (92) Profit before provisions, allowances and income taxes 1,672 Net change in provisions from financial activities 7 7 Net change in allowances for loan losses (486) (486) Profit before income tax 1,193 Income tax (272) (272) Profit from continuing operations 921 Profit from discontinued operations 95 Profit for the reporting period 1,016 38. RELATED PARTIES GENERAL The outstanding balances and transactions with related parties of the Group are with general related parties and entities with a special relationship, as presented in the following tables. All transactions with such entities took place under standard market conditions. The companies disclosed as general related parties are connected through: I) Parent and Subsidiaries. This category includes J&T Finance Group, a.s., its shareholders, and those of its subsidiaries which are included in its consolidated financial statements by reason of majority ownership. II) Key management personnel of the entity or its parent. The entities with a special relationship include clients with whom the J&T Finance Group has signed an agreement on profit participation (i.e. the J&T Finance Group, a.s. would be entitled to a share in any profit arising from a project of the client that was financed by the Group). The nature of the relationship with these entities is described in note 38, which

Financial part also sets out a summary of their balances and transactions. (I) Parent and Subsidiaries The related parties which fall into the category Parent and Subsidiaries are individually listed below. The outstanding transactions above CZK 5 million are individually listed; others are included in the Others category. If a company met the criteria in at least one period, it is listed individually. (a) Receivables in MCZK 2013 2012 Poštová banka, a.s. 439 KPRHT 3, s.r.o. 169 191 ABS Property Limited 112 175 J&T SERVICES ČR, a.s. 76 39 J&T SERVICES SR, s.r.o. 64 KPRHT 19, s.r.o. 41 KPRHT 14, s.r.o. 17 Others 20 11 Total 938 416 The above mentioned receivables consist mainly of loans together with accrued interest. 31.12.2013 / Companies included in the group Others : J&T Global Finance III., s.r.o., J&T Cafe, s.r.o., J&T Global Finance I., B.V., Jakabovič, Ivan Ing., J&T Concierge, s.r.o., J&T FINANCE, LLC, J&T FINANCE, a.s., J&T FINANCE GROUP, a.s., Tkáč, Jozef Ing., J&T FINANCE GROUP, a.s., organizační složka, Prvá penzijná správcovská spoločnosť Poštovej banky, správ.spol. a.s., J&T MINORITIES PORTFOLIO LIMITED, J&T GLOBAL SERVICES LIMITED, TECHNO PLUS a.s., J&T Bank & Trust Inc., J&T Concierge SR, s.r.o., v likvidácií 31.12.2012 / Companies included in the group Others : Jakabovič, Ivan Ing., Tkáč, Jozef Ing., J&T Cafe, s.r.o., J&T FINANCE GROUP, a.s., J&T MINORITIES PORTFOLIO LIMITED, J&T GLOBAL MANAGEMENT, s.r.o., J&T FINANCIAL INVESTMENTS LIMITED, J&T Concierge, s.r.o. Page 84 / 85

(b) Payables in MCZK 2013 2012 J&T FINANCE GROUP, a.s. 1,005 J&T Bank & Trust Inc. 938 675 J&T FINANCE, a.s. 394 Prvá penzijná správcovská spoločnosť Poštovej banky, správ.spol. a.s. 220 J&T MINORITIES PORTFOLIO LIMITED 36 Poisťovňa Poštovej banky, a.s. 27 Jakabovič, Ivan Ing. 27 25 J&T SERVICES ČR, a.s. 22 15 JTG Services Anstalt 19 Poštová banka, a.s. 14 J&T GLOBAL SERVICES LIMITED 10 5 J&T SERVICES SR, s.r.o. 1 10 J&T FINANCE GROUP, a.s. 18 Others 18 26 Total 2,731 774 The above mentioned liabilities consist mainly of term deposits and balances of current accounts with J&T BANKA, a.s. 31.12.2013 / Companies included in the group Others : KPRHT 3, s.r.o., J&T Global Finance I., B.V., J&T Concierge, s.r.o., PGJT B.V., J&T Global Finance III., s.r.o., KOLIBA REAL s.r.o., J&T Cafe, s.r.o., KPRHT 19, s.r.o., J&T Global Finance II., B.V., Tkáč, Jozef Ing., Equity Holding, a.s., J&T Capital Management Anstalt, J&T INTEGRIS GROUP LIMITED, KPRHT 14, s.r.o., TECHNO PLUS a.s., ABS Property Limited, KHASOMIA LIMITED, BRUBESCO LIMITED, J&T FINANCE GROUP, a.s., organizační složka, J&T Securities, s.r.o., DANILLA EQUITY LIMITED, První zpravodajská a.s., J&T Concierge SR, s.r.o., v likvidácií, Bresco Financing S.àr.l. 31.12.2012 / Companies included in the group Others : KPRHT 3, s.r.o., J&T Global Finance I., B.V., KHASOMIA LIMITED, J&T Investment Pool - I - SKK, a.s., J&T Concierge, s.r.o., J&T FINANCIAL INVESTMENTS LIMITED, Tkáč, Jozef Ing., J&T Cafe, s.r.o., J&T Investment Pool - I - CZK, a.s., TECHNO PLUS, a.s., J&T INTEGRIS GROUP LIMITED, J&T Sport Team ČR, s.r.o., J&T Securities, s.r.o., BRUBESCO LIMITED, J&T Global Finance II., B.V., J&T Private Investments B.V., J&T BFL Anstalt, ABS Property Limited, Bresco Financing S.àr.l, J&T Concierge SR, s.r.o., Equity Holding, a.s., J&T Capital Management Anstalt, První zpravodajská a.s.

Financial part (c) Income and expenses in MCZK 2013 Income 2012 Income 2013 Expenses 2012 Expenses PERIOD ENDED AS AT 31 DECEMBER J&T Private Equity B.V. 184 102 25 63 Poštová banka, a.s. 71 188 J&T SECURITIES MANAGEMENT LIMITED 59 92 40 94 J&T Global Finance III., s.r.o. 54 PGJT B.V. 27 29 J&T Bank & Trust Inc. 15 41 J&T Global Finance I., B.V. 12 11 KPRHT 3, s.r.o. 8 ABS Property Limited 7 7 J&T SERVICES SR, s.r.o. 5 29 J&T Global Finance II., B.V. 3 41 J&T SERVICES ČR, a.s. 2 108 25 J&T FINANCE GROUP, a.s. 1 24 25 J&T FINANCE, a.s. 1 1 11 J&T Cafe, s.r.o. 6 Poisťovňa Poštovej banky, a.s. 5 1 Others 1 11 7 19 Total 450 270 508 227 2013 / Companies included in the group Others : KPRHT 19, s.r.o., KPRHT 14, s.r.o., J&T MINORITIES PORTFOLIO LIMITED, JTG Services Anstalt, J&T Concierge, s.r.o., Prvá penzijná správcovská spoločnosť Poštovej banky, správ.spol. a.s., Jakabovič, Ivan Ing., J&T GLOBAL SERVICES LIMITED, J&T FINANCE, LLC, KOLIBA REAL s.r.o., J&T Private Investments B.V., Tkáč, Jozef Ing., TECHNO PLUS a.s., J&T Concierge SR, s.r.o., v likvidácií, J&T FINANCE GROUP, a.s., organizační složka, NÁŠ DRUHÝ REALITNÝ o.p.f. PRVÁ PENZIJNÁ SPRÁVCOVSKÁ SPOLOČNOSŤ POŠTOVEJ BANKY, správ. spol.,a. s., J&T BFL Anstalt, J&T Capital Management Anstalt, KHASOMIA LIMITED, J&T INTEGRIS GROUP LIMITED, Equity Holding, a.s., J&T Private Investments II B.V., První zpravodajská a.s., J&T FINANCIAL INVESTMENTS LIMITED, Bresco Financing S.àr.l., J&T Investment Pool - I - CZK, a.s., AGUNAKI ENTERPRISES LIMITED, KOTRAB ENTERPRISES LIMITED, BRUBESCO LIMITED, DANILLA EQUITY LIMITED, J&T Investment Pool - I - SKK, a.s., Poisťovňa Poštovej banky, a.s. Page 86 / 87

2012 / Companies included in the group Others : ABS Property Limited, BRUBESCO LIMITED, Equity Holding, a.s., J&T BFL Anstalt, J&T Capital Management Anstalt, J&T Concierge SR, s.r.o., J&T Concierge, s.r.o., J&T FINANCE GROUP, a.s., organizační složka, J&T Global Finance I., B.V., J&T GLOBAL MANAGEMENT, s.r.o., J&T GLOBAL SERVICES LIMITED, J&T INTEGRIS GROUP LIMITED, J&T International Anstalt, J&T Investment Pool - I - CZK, a.s., J&T Investment Pool - I - SKK, a.s., J&T MINORITIES PORTFOLIO LIMITED, J&T Private Investments B.V., J&T Securities, s.r.o., J&T Sport Team ČR, s.r.o., Jakabovič, Ivan Ing., JTG Services Anstalt, KHASOMIA LIMITED, KOTRAB ENTERPRISES LIMITED, První zpravodajská a.s., TECHNO PLUS a.s., Tkáč, Jozef Ing., KHASOMIA LIMIT- ED, Bresco Financing S.àr.l., Terces Management Ltd., J&T Financial Investments Ltd. (d) Loan commitments in MCZK 2013 2012 J&T SERVICES ČR, a.s. 24 9 J&T SERVICES SR, s.r.o. 9 Jakabovič, Ivan Ing. 5 6 Others 4 5 Total 42 20 31.12.2013 / Companies included in the group Others : J&T Concierge, s.r.o., Tkáč, Jozef Ing., J&T Cafe, s.r.o. 31.12.2012 / Companies included in the group Others : J&T Concierge, s.r.o., Tkáč, Jozef Ing., J&T Cafe, s.r.o. (e) Guarantees and collateral in MCZK 2013 2012 GRANTED GUARANTEES J&T SERVICES ČR, a.s. 7 6 Others 2 3 Total 9 9 31.12.2013 / Companies included in the group Others : Jakabovič, Ivan Ing., Tkáč, Jozef Ing. 31.12.2012 / Companies included in the group Others : Jakabovič, Ivan Ing., Tkáč, Jozef Ing.

Financial part in MCZK 2013 2012 RECEIVED GUARANTEES J&T FINANCE GROUP, a.s. 2,139 25 Poštová banka, a.s. 194 KPRHT 3, s.r.o. 169 165 J&T Global Finance I., B.V. 103 J&T Global Finance III., s.r.o. 54 KPRHT 19, s.r.o. 41 KPRHT 14, s.r.o. 17 J&T Global Finance II., B.V. 8 Total 2,725 190 in MCZK 2013 2012 RECEIVED COLLATERAL J&T FINANCE GROUP, a.s. 27 1,901 J&T Global Finance I., B.V. 103 100 J&T Global Finance II., B.V. 8 49 J&T Global Finance III., B.V. 54 Total 192 2,050 (f) Related parties Parent and Subsidiaries, with which there were no transactions 2013 BAYSHORE MERCHANT SERVICES INC. FORESPO PÁLENICA a. s. J&T Finance, LLC Dôchodková správcovská spoločnosť FORESPO SMREK a. s. J&T Funds Inc. Poštovej banky, d.s.s., a. s. FOND DLHODOBÝCH VÝNOSOV o.p.f. FORESPO SOLISKO, a. s. PB Finančné služby, a. s. PRVÁ PENZIJNÁ SPRÁVCOVSKÁ SPOLOČNOSŤ POŠTOVEJ BANKY, správ. spol., a. s. FORESPO RENTAL 1 a.s. FVE Napajedla s.r.o. PB PARTNER, a. s. FORESPO RENTAL 2 a. s. FVE Němčice s.r.o. POBA Servis, a. s. FORESPO BDS a.s. FVE Slušovice s.r.o. Poštová banka, a.s., pobočka Česká republika FORESPO HELIOS 1 a. s. INVEST-GROUND a. s. PROFIREAL OOO FORESPO HELIOS 2 a. s. J & T Capital, Sociedad Anonima Solegnos Enterprises Limited de Capital Variable FORESPO HOREC a SASANKA a. s. J&T Advisors Inc. SPPS, a. s. 2012 AGUNAKI ENTERPRISES LIMITED DANILLA EQUITY LIMITED J & T Capital, Sociedad Anonima de Capital Variable J&T Advisors (Canada) Inc. J&T Funds Inc. Page 88 / 89

(g) Receivables from members of the Board of Directors and the Supervisory Board in MCZK 2013 2012 Provided loans 30 25 Loans to employees of the Group as at 31 December 2013 amounted to CZK 93 million (2012: CZK 155 million). The loans provided to the Board of Directors and Supervisory Board were provided under standard market conditions. (II) Key management personnel of the entity or its parent The transactions with related parties who are connected through key management personnel of the Group are aggregately listed below: in MCZK 2013 2012 Receivables 4,366 2,505 Payables 1,542 2,169 Loan commitments 24 17 Received guarantees 588 451 Granted guarantees 6 4 Collateral received 472 471 in MCZK 2013 2012 Income 272 80 Expenses 31 28 39. RELATED PARTIES ENTITIES WITH A SPECIAL RELATIONSHIP The Group engages in transactions with clients that have entered into profit-sharing agreements with the J&T Finance Group, a.s. Under these agreements, the J&T Finance Group, a.s. provides the entities with structuring and project management expertise and, in exchange, is eligible to receive a significant portion of any profits generated by these entities over the course of a project. Although the J&T Finance Group does not have ownership, the entities are included in its consolidated financial statements because the Group has the right to obtain the majority of benefits arising from the entities activities. All the profit-sharing agreements were terminated as at 31 December 2013. Summary of transactions is listed below: in MCZK 2013 2012 Receivables 3,297 Payables 651

Financial part in MCZK 2013 2012 Income 161 123 Expenses 94 40. RISK MANAGEMENT The strategy, main goals and processes The fundamental goal of risk management is profit maximization with respect to the exposed risk taken, while considering the Group s risk appetite. In doing so, it must be ensured that the Group activities outcome is predictable and in compliance with both trading goals and risk appetite of the Group. In order to meet this goal, the risks faced by the Group are managed in a quality and prudential manner within the framework of the Group: In terms of that, risks are monitored, assessed and eventually limited, at least as strictly as required by Czech National Bank. The internal limits are being reconsidered regularly and in case of significant changes of market conditions to ensure their compliance with both the overall group s strategy and market and credit conditions. The adherence to the limits is monitored and reported daily. In case of their potential breach, the Group immediately adopts adequate remedial measures. The Group establishes goals for capital adequacy that it wants to attain over a specified time horizon (i.e. the level to which risks should be covered by capital) and threshold limits below which capital adequacy cannot decrease. All internal limits have been approved independently of business units of the Group. 41. CREDIT RISK The Group s primary exposure to credit risk arises through its loans and advances and investment securities. The amount of credit exposure in this regard is represented by the carrying amounts of the assets in the statement of financial position. In addition, the Group is exposed to off balance sheet credit risk through commitments to extend credit. Concentrations of credit risk (whether on or off balance sheet) that arise from financial instruments exist for groups of counterparties when they have similar economic characteristics that would cause their ability to meet contractual obligations to be similarly affected by changes in economic or other conditions. Page 90 / 91

(a) Concentration of loans to customers by economic sector: in MCZK 2013 2012 Non-financial organisations 46,775 35,616 Financial organisations 10,016 2,633 Insurance 34 Households 3,129 2,842 Other 84 25 Total 60,004 41,150 (b) Concentration of loans to customers by industry: in MCZK 2013 2012 Financial activities 26,966 19,114 Real estate activities 11,820 10,539 Manufacturing 4,952 3,689 Production and distribution of electricity, gas and heat 3,526 1,565 Wholesale and retail trade 2,390 1,882 Transporting and storage 2,198 1,400 Waste collection, modification and disposal 1,430 Accommodation and food service activities 1,133 4 Private households and employed persons 1,501 266 Construction 928 749 Sports, entertainment and recreative activities 884 556 Advertising and market research 551 228 Broadcasting and programmes creation 127 204 Mining and quarrying, agriculture 103 Corporate governance and advisory 72 252 Other 1,423 702 Total 60,004 41,150

Financial part (c) Concentration of loans to customers by location: in MCZK 2013 2012 Cyprus 28,126 17,562 Slovakia 12,617 10,018 Czech Republic 9,861 8,921 Netherlands 2,961 350 Great Britain 2,738 2,210 Russia 2,621 1,731 Austria 347 Seychelles 315 Malta 182 149 Ireland 125 208 Croatia 55 British Virgin Islands 54 Others 2 1 Total 60,004 41,150 (d) Concentration of loans to customers by location of realization of project and collateral: in MCZK 2013 2012 Slovakia 26,257 18,110 Czech Republic 22,288 17,783 Russia 4,036 1,640 Ukraine 1,514 Greece 1,368 USA 902 1,011 Great Britain 579 790 Germany 792 Luxemburg 548 174 Cyprus 534 115 Austria 431 516 Poland 388 Romania 107 Maldives 96 Netherlands 82 88 Croatia 55 Other 27 923 Total 60,004 41,150 The concentration of credit risk arising from repurchase agreements and loans to clients of brokers reflects the counterparty risk associated with securities and cash received as collateral. Page 92 / 93

(e) Credit risk associated with financial assets As at 31 December 2013 in MCZK Loans to banks Repurchase agreements financial institutions Loans and advances to customers Repurchase agreements customers FINANCIAL ASSETS IMPAIRED: Impaired financial assets at amortised cost individually assessed: Gross amount 3,704 Impairment (1,175) Carrying amount 2,529 Impaired financial assets at amortised cost collectively assessed: Gross amount 1,798 Impairment (49) Carrying amount 1,749 Total financial assets impaired 4,278 FINANCIAL ASSETS NOT IMPAIRED: Neither past due nor impaired: 3,556 45,532 9,383 Past due not impaired: 811 to maturity date 751 up to 1 month 10 1 month to 6 months 6 months to 12 months 31 more than 12 months 19 Total financial assets not impaired 3,556 46,343 9,383 Total 3,556 50,621 9,383 of which: Financial assets neither past due nor impaired with a sign of impairment: Gross amount 2,914 As at 31 December 2012

Financial part in MCZK Loans to banks Repurchase agreements financial institutions Loans and advances to customers Repurchase agreements customers FINANCIAL ASSETS IMPAIRED: Impaired financial assets at amortised cost individually assessed: Gross amount 2,093 Impairment (785) Carrying amount 1,308 Impaired financial assets at amortised cost collectively assessed: Gross amount 1,733 Impairment (30) Carrying amount 1,703 Total financial assets impaired 3,011 FINANCIAL ASSETS NOT IMPAIRED: Neither past due nor impaired: 4,976 1,889 31,110 6,807 Past due not impaired: 222 to maturity date 154 up to 1 month 66 1 month to 6 months 1 6 months to 12 months more than 12 months 1 Total financial assets not impaired 4,976 1,889 31,332 6,807 Total 4,976 1,889 34,343 6,807 of which: Financial assets neither past due nor impaired with a sign of impairment: Gross amount 3,756 Assets classified as Financial assets neither past due nor impaired with a sign of impairment and Past due not impaired represent those loans with a sign of impairment whose net present value of expected cash flows exceeds their carrying value, and therefore no provision has been created. The part of the receivables that is not past due is presented in the line To maturity date, past due receivables are presented in the appropriate columns according to the period past due. Page 94 / 95

(f) Collateral and credit enhancements for financial assets in MCZK 2013 Carrying value 2013 Fair value 2012 Carrying value 2012 Fair value Neither past due nor impaired: 42,470 61,589 33,412 49,023 Guarantees 5,929 6,257 3,128 4,364 Acceptances of bills of exchange 1,652 12,992 1,137 9,532 Mortgages 9,157 11,597 7,351 9,480 Cash pledges 1,705 1,716 2,151 2,156 Pledges securities 8,098 11,774 5,968 8,281 Other pledges 4,422 6,743 2,761 4,294 Securities received under reverse repurchase agreements 11,507 11,507 10,916 10,916 Past due but not impaired: 510 1,061 891 927 Guarantees Acceptances of bills of exchange 25 51 4 4 Mortgages 108 586 869 905 Cash pledges 335 335 7 7 Pledges securities 38 38 1 1 Other pledges 4 51 10 10 Securities received under reverse repurchase agreements Impaired: 1,341 1,392 1,474 1,926 Guarantees 93 93 Acceptances of bills of exchange Mortgages 1,279 1,330 1,135 1,580 Cash pledges Pledges securities 5 5 Other pledges 57 57 17 24 Securities received under reverse repurchase agreements 229 229 Only bills of exchange with aval of a 3rd party were accepted as security of loans by the Group. The amount of security is up to the value of guarantee provided by bill guarantor. The Group did not receive any financial assets from indemnity claims based on loans in default. The carrying value represents the collateral value adjusted by stress coefficient. The carrying value is limited by the carrying value of receivable. The fair value is not adjusted by stress coefficient and it is not limited by the carrying value of receivable. The carrying value of securities received under reverse repurchase agreements is represented in the market price of the securities.

Financial part (g) Carrying value of financial assets that were renegotiated The Group does not hold any financial assets resulting from restructuring. (h) Credit risk processes Evaluating the risk of failure of counterparty is based on a credit analysis, processed by the Credit Risk Management dept. These analyses provide conclusions for prompt measures when the counterparty s credit situation worsens. The results from the credit development analyses are reported to the Board of Directors, which decides on adjustments of limits or relations with the counterparty (namely in the form of closing or limiting positions or adjustment of limits). Credit risk is monitored on a regularly basis, except for the credit risk of banking book reported on a monthly basis. The extent of the risk is evaluated by Risk Management dept. When actual or possible breach of the adopted internal credit limits is identified, the Financial Markets dept. is informed, in order to ensure the compliance of the risk exposure with the set limits. In pre-determined cases, the information is passed to the Board of Directors. (i) Credit risk monitoring Assessment of the credit risk in respect of counterparty or an issued debt is based on an internal rating of the Group. The rating is determined using the credit scale of either S&P or Moody s. If the counterparties or their debt are not externally rated, an internal rating is assigned based on the Group scoring system. The Group scoring system has seven rating levels based on a standardized point evaluation of relevant criteria, which describe the financial position of the contractual party and its ability and willingness to fulfil its credit obligations in both cases including the expected development, quality and adequacy of the collateral, as well as proposed conditions for effecting the transaction. (j) Credit risk measurement The Group regularly analyses and monitors credit risk. At portfolio level, credit risk is managed primarily based on the IRB (Internal Rating Based BASEL II) methodology. In order to assess the impact of extremely unfavourable credit conditions, the Group performs credit development analyses. This enables identification of sudden potential changes in the values of open positions of the Group that might arise as a result of events that are improbable, but possible. For the trading portfolio, an impact of a sudden drop of credit rating by one level to open positions in bonds and repos is evaluated. Page 96 / 97

The decrease in fair value at the end of the corresponding reporting period: in MCZK 2013 2012 Decrease of the trading portfolio value due to a rating migration by one credit class 397 48 (in the Standard & Poor s scale) (k) Risk management of customer trades The Group prevents the possibility of a credit exposure arising from customer trades, i.e. trades which are transacted on the customer s account and where the Group has the role of a commissioner (customer trades such as spot buy, spot sell, sell / buy or buy / sell) as follows: 1. The amount of the customer collateral is continuously held higher than the amount of the customer loan at least by a pre-specified minimum required haircut. The level of this haircut is assigned to every instrument. 2. Should the current collateralization of the customer portfolio fall below the 30 per cent of the minimum required haircut, the Group closes all of the customer s positions immediately. 3. The Group accepts only instruments of specified minimal creditworthiness as collateral for customer trades. In addition, the Group also restricts the total volume of individual instruments used as collateral. As of 31 December 2013, the Group recorded customer trades totalling CZK 81 million (31.12.2012: CZK million 426) and those are not recognized in the Group financial statements. 42. LIQUIDITY RISK Liquidity risk represents a risk that the Group is not able to meet its commitments as they are becoming mature. The Bank is required to report several indicators to the National Bank which is done on a regular basis. The Group s effort in terms of liquidity risk is to diversify its sources of funding so as to decrease the degree of risk emerging from specific source cut-off and hence forego problems. The Group performs an everyday monitoring of its liquidity position to indicate potential liquidity problems. The analysis takes into account all sources of funding that the Group is using and interconnected obligations the Group has to pay. For the purpose of sufficient liquidity reserve the Group holds sufficient amount of liquid instruments (such as government bonds), maintains balances with central banks on a reasonable level and collects short-term receivables. The Group assorts all cash flows into timeframes according to maturities of the instruments to which the cash flows relate, and subsequently observes the resulting cumulative liquidity profile which is crucial for sound liquidity risk management. Such an analysis is also done for cash flows denominated in currencies different from CZK.

Financial part Three scenarios are used in terms of liquidity risk management: A) Expected Scenario B) Risky Scenario C) Stress Scenarios Stress Scenarios are based on stress imposed on components that might be negatively affected when liquidity crisis starts to approach. For the purposes of measuring liquidity risk on the basis of the scenarios, liquidity indicators are evaluated and their compliance with adopted internal / external limits is monitored on a daily basis. When present or possible breach of the adopted internal / external liquidity limits is identified, the Treasury dept. as well as ALCO is informed, in order to ensure the compliance with the set limits. In pre-determined cases, the information is passed to the Board of Directors. The Group has an emergency plan for liquidity management that establishes the procedures applied in the case of possible liquidity crisis. The decision-making power is given by internal rules to the Board of Directors. The main precautionary measures introduced by the Risk Department of the Group in this area to respond to the economic crisis were as follows: implementation of stress tests based on various crisis scenarios; prudent internal limits for on-demand and mid-term available liquidity. a) Liquidity risk of liquidity relevant instruments as of 31 December 2013: Table shows the liquidity risk based on remaining contractual maturity dates. Gross nominal inflow / (outflow) Over 3 month & up to 1 year No maturity determined in MCZK Carrying amount Up to 3 month 1 to 5 years >5 years ASSETS Cash and balance with the central bank 8,408 8,408 8,187 221 Due from financial institution 3,556 3,802 3,291 21 165 325 Investment securities (without derivatives) 29,647 33,544 2,114 1,580 17,624 8,316 3,910 Investment in joint ventures and associates 5,939 5,939 5,939 Loans and advances to customers 60,004 69,542 20,523 14,941 21,844 12,228 6 Total 107,554 121,235 34,115 16,542 39,633 20,869 10,076 OFF BALANCE Granted promises 3,336 3,336 2,035 930 371 Granted other guarantees 1,836 1,836 1,836 Page 98 / 99

in MCZK Carrying amount Gross nominal inflow / (outflow) Up to 3 month Over 3 month & up to 1 year 1 to 5 years >5 years No maturity determined LIABILITIES Amounts owed to banks 5,083 (5,381) (3,756) (42) (994) (589) Amounts owed to customers 85,823 (87,708) (42,417) (27,077) (18,189) (25) Issued subordinated liabilities 1,508 (2,299) (17) (74) (381) (1,827) Total 92,414 (95,388) (46,190) (27,193) (19,564) (2,441) Gross nominal inflow / (outflow) represents expected contractual future cash flows. As of 31 December 2013 amounts owed to customers include depository notes of CZK 42 million (2012: CZK 100 million) distributed according to their maturity (Note 20). Expected liquidity In the worst case scenario, the latest possible repayment date is assumed, which is based on latest expected completion date of the project. The projects latest expected completion date may not be the same as the contractual maturity date. in MCZK Carrying amount Gross nominal inflow / (outflow) Up to 3 month Over 3 month & up to 1 year 1 to 5 years >5 years No maturity determined Loans and advances to customers 60,004 69,542 20,011 13,752 23,389 12,226 164 Loans that are already in the process of refinancing negotiation are presented according the expected date of refinancing.

Financial part a) Liquidity risk of liquidity relevant instruments as of 31 December 2012: Table shows the liquidity risk based on remaining contractual maturity dates. in MCZK Carrying amount Gross nominal inflow / (outflow) Up to 3 month Over 3 month & up to 1 year 1 to 5 years >5 years No maturity determined ASSETS Cash and balance with the central bank 6,978 6,978 5,257 1,721 Due from financial institution 6,865 7,858 6,178 147 1,292 241 Investment securities (without derivatives) 30,462 35,021 855 3,060 18,384 8,705 4,017 Loans and advances to customers 41,150 48,116 13,663 10,578 17,169 6,643 63 Total 85,455 97,973 25,953 13,785 36,845 15,589 5,801 OFF BALANCE Granted promises 2,971 3,024 2,072 579 320 Granted other guarantees 1,717 253 440 971 53 in MCZK Carrying amount Gross nominal inflow / (outflow) Up to 3 month Over 3 month & up to 1 year 1 to 5 years >5 years No maturity determined LIABILITIES Amounts owed to banks 11,248 (11,327) (3,328) (519) (7,480) Amounts owed to customers 64,032 (65,691) (29,848) (23,097) (12,674) (72) Issued subordinated liabilities 996 (1,536) (14) (36) (239) (1,247) Total 76,276 (78,554) (33,190) (23,652) (20,393) (1,319) Expected liquidity Gross nominal inflow / (outflow) Over 3 month & up to 1 year No maturity determined Carrying Up to 1 to >5 in MCZK amount 3 month 5 years years Loans and advances to customers 41,150 48,116 14,900 9,379 17,616 6,005 215 Page 100 / 101

b) Liquidity risk of derivates as of 31 December 2013: in MCZK Carrying amount Gross nominal inflow / outflow Up to 3 months Up to 1 year 1 year to 5 years DERIVATIVE FINANCIAL ASSETS Currency derivatives outflow (23,117) (22,829) (221) (67) inflow 294 23,402 23,104 227 71 Share options outflow inflow 39 39 39 Commodity options outflow inflow 3 3 2 1 Total 336 327 277 6 44 in MCZK Carrying amount Gross nominal inflow / outflow Up to 3 months Up to 1 year 1 year to 5 years DERIVATIVE FINANCIAL LIABILITIES Currency derivatives outflow (541) (15,052) (8,365) (1,202) (5,485) inflow 14,521 8,331 1,193 4,997 Share options outflow inflow Commodity options outflow inflow Total (541) (531) (34) (9) (488)

Financial part b) Liquidity risk of derivates as of 31 December 2012 in MCZK DERIVATIVE FINANCIAL ASSETS Carrying amount Gross nominal inflow / outflow Up to 3 months Up to 1 year 1 year to 5 years Currency derivatives outflow (18,999) (17,542) (1,457) inflow 112 19,106 17,649 1,457 Share options outflow inflow Commodity options outflow inflow 6 5 2 3 Total 118 112 109 3 DERIVATIVE FINANCIAL LIABILITIES Currency derivatives outflow (81) (9,515) (4,370) (116) (5,029) inflow 9,453 4,342 114 4,997 Share options outflow inflow Commodity options outflow (1) (1) (1) inflow Total (82) (63) (28) (2) (33) 43. MARKET RISK Market risk is the risk of loss to the Group arising from market movements in market prices of investment instruments, exchange rates and interest rates. Market risk consists of the trading portfolio market risk and investment portfolio market risk. Market risk of the trading portfolio includes: Interest rate risk; Foreign exchange risk; Other market risk (equity risk, commodity risk). Further information on interest rate risk and foreign exchange risk is provided in Note 44 and Note 45, respectively. Page 102 / 103

The Group uses the Value at Risk ( VaR ) methodology to evaluate market risk of its trading portfolio, the foreign currency ( FX ) and commodity position using a confidence level of 99% and a horizon of 10 business days. The risks are evaluated and compared to limits set by the Risk Management Department on a daily basis. If the limits are breached, the Financial Markets department is informed, in order to ensure the compliance of the risk exposure with the limits. In pre-determined cases, the information is passed to the Board of Directors. The decision making power is given by internal rules to the Board of Directors and Investment Committee. The Group performs back testing on a daily basis for market risk by applying a method of hypothetical back testing. The VaR statistics as of 31 December 2013 and 31 December 2012 are as follows: in MCZK 2013 2012 VaR market risk overall 85 17 VaR interest rate risk (general risk) 45 15 VaR FX risk 50 15 VaR stock risk 11 5 VaR commodity risk 3 4 In order to assess the impact of extremely unfavourable market conditions, the Group performs stress testing. This enables identification of sudden potential changes in the values of open positions of the Group that might arise as a result of events that are improbable, but possible. As part of the stress testing, a short-term, medium-term and long-term historic shock scenario is applied to the trading portfolio, and the foreign currency and commodity positions of the Group as a whole. These scenarios evaluate the deepest drop of the current portfolio value which would have happened in the previous one (short-term scenario), two (medium-term scenario) or five years (long-term scenario). The potential change in the fair value of the portfolio is monitored and assessed. in MCZK 2013 2012 Change in the fair value of the trading portfolio due to historic shock scenario short-term scenario 49 15 medium-term scenario 49 19 long-term scenario 101 28 The market risk of the banking portfolio consists mainly of interest rate risk. Details on interest rate risk are presented in note 44. The Group performs stress testing of the investment portfolio using a standardised interest rate shock, i.e. an immediate decrease / increase in interest rates by 200 basis points ( bp ) along the entire yield curve.

Financial part The decrease in the present value of the investment portfolio in percentage points of equity would be as follows: in MCZK 2013 2012 (% OF TIER 1 + TIER 2) Decrease in the present value of the investment portfolio due to a sudden change in interest rates by 200 bp 10.17 17.04 44. INTEREST RATE RISK Interest rate risk is the risk that the value of a financial instrument will fluctuate due to changes in market interest rates. The length of time for which the rate of interest is fixed for a financial instrument indicates to what extent it is exposed to an interest rate risk. The table below provides information on the extent of the Group s interest rate exposure based either on the contractual maturity date of its financial instruments or, in the case of instruments that re-price to a market rate of interest before maturity, the next re-pricing date. Those assets and liabilities that do not have a contractual maturity date or are zero-interest-bearing are grouped together in the maturity undefined category. Interest rate risk exposure as at 31 December 2013 was as follows: in MCZK Up to 1 year 1 year to 5 years Over 5 years Maturity undefined Total ASSETS Cash in hand and balances with central banks 8,185 223 8,408 Due from financial institutions 3,337 219 3,556 Investment securities 6,319 12,160 7,544 3,960 29,983 Investment in joint ventures and associates 5,939 5,939 Loans and advances to customers 43,397 12,216 2,883 1,508 60,004 Tangible and intangible assets, goodwill and investment property 1,427 1,427 Current tax assets 30 30 Deferred tax assets 35 35 Prepayments, accrued income and other assets 594 594 Disposal groups held for sale 261 261 Total assets 61,238 24,376 10,646 13,977 110,237 Page 104 / 105

in MCZK Up to 1 year 1 year to 5 years Over 5 years Maturity undefined LIABILITIES Negative fair value of derivatives 539 2 541 Amounts owed to financial institutions 4,268 813 2 5,083 Amounts owed to customers 67,372 17,090 63 1,298 85,823 Subordinated liabilities 689 819 1,508 Current tax liabilities 52 52 Deferred tax liability 133 133 Accruals, provisions and other liabilities 30 3,021 3,051 Disposal groups held for sale Share capital 9,558 9,558 Retained earnings, capital funds, other reserves and non-controlling interest 4,488 4,488 Total liabilities and equity 72,898 17,903 882 18,554 110,237 Net interest rate risk position (11,660) 6,473 9,764 (4,577) Cumulative interest rate risk position (11,660) (5,187) 4,577 Total Amounts owed to customers include depository notes of CZK 42 million (2012: CZK 100 million) distributed according their maturity (Note 20). Interest rate risk exposure as at 31 December 2012 was as follows: in MCZK Up to 1 year 1 year to 5 years Over 5 years Maturity undefined ASSETS Cash in hand and balances with central banks 6,653 325 6,978 Due from financial institutions 6,865 6,865 Investment securities 14,546 9,879 1,627 4,528 30,580 Loans and advances to customers 32,683 5,058 3,152 257 41,150 Tangible and intangible assets, goodwill 410 410 Current tax assets 7 7 Prepayments, accrued income and other assets 815 815 Disposal groups held for sale 1,596 1,596 Total assets 60,747 14,937 4,779 7,938 88,401 Total

Financial part in MCZK LIABILITIES Up to 1 year 1 year to 5 years Over 5 years Maturity undefined Negative fair value of derivatives 79 1 2 82 Amounts owed to financial institutions 3,948 7,299 1 11,248 Amounts owed to customers 45,706 17,633 18 675 64,032 Subordinated liabilities 627 369 996 Current tax liabilities 135 135 Deferred tax liability 141 141 Accruals, provisions and other liabilities 3,652 3,652 Disposal groups held for sale 698 698 Share capital 3,858 3,858 Retained earnings, capital funds, other reserves and non-controlling interest 3,559 3,559 Total liabilities and equity 50,360 24,933 387 12,721 88,401 Net interest rate risk position 10,387 (9,996) 4,392 (4,783) Cumulative interest rate risk position 10,387 391 4,783 Total 45. FOREIGN EXCHANGE RISK Assets and liabilities denominated in foreign currencies, including off-balance sheet exposures, represent the Group s exposure to currency risk. Both realized and unrealized foreign exchange gains and losses are reported directly in the statement of comprehensive income. The main tool used for managing foreign currency risk is the VaR methodology which is applied using a 99% confidence level and a ten-day holding period. As at 31 December 2013, the exposure to foreign exchange risk translated into millions of CZK was as follows: in MCZK CZK USD EUR Other Total ASSETS Cash and balances with the central bank 7,793 13 434 168 8,408 Due from financial institutions 148 1,278 1,704 426 3,556 Investment securities 16,309 1,013 11,873 788 29,983 Investment in joint ventures and associates 5,939 5,939 Loans and advances to customers 15,266 5,593 36,293 2,852 60,004 Current tax assets 1 29 30 Deferred tax assets 35 35 Prepayments, accrued income and other assets 646 56 192 1,127 2,021 Disposal groups held for sale 113 148 261 Total 40,276 7,953 56,499 5,509 110,237 Page 106 / 107

in MCZK CZK USD EUR Other Total LIABILITIES Amounts owed to financial institutions 1,415 664 2,914 90 5,083 Amounts owed to customers 53,582 1,735 26,863 3,643 85,823 Subordinated liabilities 506 1,002 1,508 Current tax liabilities 51 1 52 Deferred tax liabilities 5 128 133 Other liabilities and equity 15,337 314 1,844 143 17,638 Total 70,896 2,713 32,623 4,005 110,237 Long position off-balance sheet: items from derivative transactions 34,344 378 3,775 943 39,440 items from spot transactions with share instruments 23 7 6 36 Short position off-balance sheet: items from derivative transactions 3,825 6,259 28,908 657 39,649 items from spot transactions with share instruments 1,005 7 1,012 Open position asset / (liability) (1,083) (641) (1,251) 1,790 (1,185) As at 31 December 2012, the exposure to foreign exchange risk translated into millions of CZK was as follows: in MCZK CZK USD EUR Other Total ASSETS Cash and balances with the central bank 5,157 7 1,606 208 6,978 Due from financial institutions 282 1,785 4,438 360 6,865 Investment securities 14,275 1,675 14,124 506 30,580 Loans and advances to customers 10,393 3,280 25,107 2,370 41,150 Current tax assets 7 7 Prepayments, accrued income and other assets 740 114 296 75 1,225 Disposal groups held for sale 1,596 1,596 Total 32,450 6,861 45,571 3,519 88,401

Financial part in MCZK CZK USD EUR Other Total LIABILITIES Amounts owed to financial institutions 2,170 1,230 7,471 377 11,248 Amounts owed to customers 41,263 957 19,865 1,947 64,032 Subordinated liabilities 374 622 996 Current tax liabilities 111 24 135 Deferred tax liabilities 150 (19) 10 141 Other liabilities and equity 8,727 572 1,710 142 11,151 Disposal groups held for sale 698 698 Total 53,493 2,759 29,673 2,476 88,401 Long position off-balance sheet: items from derivative transactions 23,887 773 4,030 746 29,436 items from spot transactions with share instruments 62 19 81 Short position off-balance sheet: items from derivative transactions 3,698 4,625 19,747 1,318 29,388 items from spot transactions with share instruments 422 78 500 Open position asset / (liability) (1,214) 250 122 471 (371) 46. CAPITAL ADEQUACY AND CAPITAL MANAGEMENT in MCZK 2013 2012 REGULATORY CAPITAL Core capital (Tier 1) 12,431 5,474 Supplementary capital (Tier 2) 1,420 978 Total regulatory capital after deductible items 13,851 6,452 in MCZK 2013 2012 CAPITAL REQUIREMENTS Credit risk of investment portfolio 5,989 3,743 Credit risk of trading portfolio 243 193 General interest risk 156 117 General equity risk 4 6 Capital requirement for currency risk 290 66 Capital requirement for commodity risk 12 22 Capital requirement for operating risk 300 203 Total capital requirements 6,994 4,350 Regulatory capital is calculated as the sum of core capital (Tier 1) and supplementary capital (Tier 2) reduced by deductible items. Page 108 / 109

Tier 1 capital comprises paid up share capital, the statutory reserve fund, other equity funds and retained earnings. Tier 2 capital comprises subordinated liabilities approved by Czech National Bank amounting to EUR 24 million (CZK 664 million; 2012: CZK 609 million) and CZK 756 million (2012: CZK 369 million). The deductible items from Tier 1 include intangible assets (other than goodwill) recognized at net book value. in MCZK 2013 2012 CALCULATION OF CAPITAL ADEQUACY RATIO 8% x 13,851 6,452 8% x 6,994 4,350 Capital adequacy ratio 15.85% 11.87% The capital adequacy ratio is calculated according to regulatory requirements as the ratio of regulatory capital to total capital requirements multiplied by 8%. The capital adequacy ratio must be at least 8%. The key goal of capital management of the Group is to ensure that the risks faced do not threaten the solvency of the Group and capital adequacy regulatory limit compliance. In addition, within the strategic framework of the Group the board stipulated the value 11% for mid-term capital adequacy goal as a reflection of the risk appetite of the Group. The purpose for setting a minimum value for capital adequacy requirements is to establish a trigger mechanism, which provides a guarantee that the capital adequacy will not decrease closer to the regulatory minimum than stated. The compliance of the Group capital with established limits and goals for the capital adequacy is evaluated regularly by the Risk Management dept. The decision making power with regard to eventual measures that should be implemented to decrease the level of exposed risk (e.g., decreasing the size of risks, acquiring additional capital, etc.) is given to the Board of Directors. 47. FAIR VALUES Estimation of fair values The following summarizes the major methods and assumptions used in estimating the fair values of financial instruments reflected in the table. Loans and advances to customers and Due from financial institutions: Fair value is calculated based on discounted expected future cash flows of principal and interest using the appropriate yield curve and risk spread. Expected future cash flows are estimated considering the credit risk and any indication of impairment. The estimated fair values of loans reflect changes in credit status since the loans were provided and changes in interest rates in the case of fixed rate loans.

Financial part Investment securities held to maturity: Fair value is based on quoted market prices traded in active markets at the statement of financial position date. Amounts owed to financial institutions and customers and Subordinated liabilities: For demand deposits and deposits with no defined maturity, fair value is taken to be the amount payable on demand at the statement of financial position date. The estimated fair value of fixed-maturity deposits is based on discounted cash flows using appropriate yield curve. The fair value of the issued subordinated bonds does not contain direct transaction costs, which were expensed on issue. As at 31 December 2013 in MCZK Level 1 Level 2 Level 3 Total Fair value Total Carrying amount FINANCIAL ASSETS Cash and balances with central banks 8,407 8,407 8,408 Due from financial institutions 3,552 3,552 3,556 Loans and advances to customers 55,691 5,262 60,953 60,004 Investment securities held to maturity 1,939 1,939 1,846 FINANCIAL LIABILITIES Amounts owed to financial institutions 5,080 5,080 5,083 Amounts owed to customers 83,276 83,276 85,823 Subordinated liabilities 1,450 1,450 1,508 48. ACQUISITIONS AND DISPOSALS OF SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES a) Acquisitions of subsidiaries, associates and joint ventures in MCZK Date of acquisition Cost Contribution to capital Total cash outflow NEW SUBSIDIARIES IN 2013 TERCES MANAGEMENT LIMITED 8.2.2013 435 0 - Interznanie OAO 8.2.2013 Total 435 0 Cash acquired 1 Total cash inflow/(outflow) 1 Contribution to capital of TERCES MANAGEMENT LIMITED amounting to CZK 435 million was made after the acquisition date. Contribution to capital of subsidiaries does not represent the cash outflow from the Group. Page 110 / 111

in MCZK Date of acquisition Cost Contribution to capital Total cash outflow NEW ASSOCIATES IN 2013 Poštová banka, a.s. 1.7.2013 5,194 5,194 Total 5,194 5,194 in MCZK Date of acquisition Cost Contribution to capital Total cash outflow NEW SUBSIDIARIES IN 2012 FVE Slušovice s.r.o. 18.1.2012 50 50 FVE Němčice s.r.o. 29.2.2012 44 44 FVE Napajedla s.r.o. 29.2.2012 96 96 Total 190 190 The ownership interests in photovoltaic power plants were acquired in 2012 by the Group with the intention of further sale to individual investors refer to Note 18 - Assets held for sale and discontinued operations. b) Formation/establishment of subsidiaries and joint ventures in MCZK Date of acquisition Cost Contribution to capital Total cash outflow NEW SUBSIDIARIES AND JOINT VENTURES IN 2013 PGJT B.V. (joint venture) 20.3.2013 103 103 J&T REALITY, o.p.f. (subsidiary) 30.7.2013 420 Total 523 103 in MCZK Date of acquisition Cost Contribution to capital Total cash outflow NEW SUBSIDIARIES IN 2012 J&T FVE UPF 1.8.2012 761 0 Total 761 0 Contribution to capital of subsidiaries does not represent the cash outflow from the Group. Contribution to capital of joint ventures does represent the cash outflow from the Group as they are not consolidated using full method.

Financial part c) Effect of acquisitions of subsidiaries The acquisitions of new subsidiaries (only consolidated full method ) had the following effect on the Group s assets and liabilities: 1.1. 31.12.2013: in MCZK 2013 Cash and balances with central banks 1 Due from financial institutions 13 Loans and advances to customers 373 Property and equipment 180 Goodwill 273 Investment Property 667 Prepayments, accrued income and other assets 17 Amounts owed to financial institutions 509 Amounts owed to customers 803 Current tax liabilities Deferred tax liability 120 Accruals, provisions and other liabilities 39 Net identifiable assets and liabilities 53 Pricing differences on acquisition (53) Cost of acquisition 0 Consideration paid, satisfied in cash 0 Cash acquired 1 Profit or loss since acquisition date (2) Profit or loss of the acquired entities for the year 2013 (14) The goodwill acquired from the acquisition of CZK 273 million arisen on TERCES group is attributable mainly to expected economic benefits flowing to the Group due to the synergies gained considering the current operations of the Group in Russia. 1.1.-31.12.2012: in MCZK 2012 EFFECT OF ACQUISITIONS Disposal group held for sale 1,385 Liabilities associated with disposal group held for sale 1 151 Cost of acquisition 190 Consideration paid, satisfied in cash (190) Profit or loss since acquisition date 51 Page 112 / 113

As the relevant acquisitions of the subsidiaries were primarily carried out in January 2012, the profit or loss of the acquired subsidiaries for 2012 does not significantly differ from the profit since the acquisition date of CZK 51 million. d) Disposals of subsidiaries in MCZK Date of disposal Sale price Cash inflow Gain /(loss) on disposal J&T FVE Group* 23.12.2013 243 243 69 Total 243 243 69 Partial disposal of interest in subsidiary without loss of control in MCZK Date of disposal % of disposal Cash inflow J&T FVE Group* during the year 2013 53,15% 424 Total 424 The Bank did not sell any subsidiary in 2012. e) Effect of disposals of subsidiaries The disposals of subsidiaries and special purpose entities had the following effect on the Group s assets and liabilities: in MCZK 2013 EFFECT OF DISPOSALS Disposal group held for sale 1,524 Liabilities associated with disposal group held for sale (784) Non-controlling interest (393) Net assets and liabilities 347 Sales price 243 Other values acquired 173 Gain / (loss) on disposal 69 Cash disposed of Net cash inflow 243 *J&T FVE UPF, FVE Napajedla s.r.o. (Kokusai CzechSol Three (3) s.r.o.), FVE Němčice s.r.o. (Kokusai CzechSol Two (2) s.r.o.), FVE Slušovice s.r.o. (Kokusai CzechSol One (1) s.r.o.) On 14 August 2013 the Bank sold its controlling interest in the investment fund J&T FVE UPF. On 23 December 2013 the Bank sold the significant portion of its remaining interest in the investment fund J&T FVE UPF, which was presented under Disposal groups held for sale according to IFRS 5.

Financial part in MCZK 2012 Net cash inflow 225 On 30 August 2012, the Bank collected the sale price of CZK 225 million for the sale of its subsidiary Bea Development which was sold in December 2011. 49. INVESTMENTS IN ASSOCIATES AND JOINT VENTURES The following table shows a break-down of individual investments in associates and joint ventures: in MCZK Poštová banka, a.s. PGJT B.V. Total Group s share in the consolidated fair value of equity at the date of acquisition 4,955 103 5,058 Goodwill 239 239 Exchange rate differences 337 7 344 Group s share in the post-acquisition profit / (loss) 334 (13) 321 Group s share in the post-acquisition other comprehensive income (25) 2 (23) Total 5,840 99 5,939 Summary financial information for equity accounted investees as at 31 December 2013, for the period starting 1 July 2013 and ending 31 December 2013 (for Poštová banka, a.s.) and for the period starting 20 March 2013 and ending 31 December 2013 (for PGJT B.V.) is as follows: in MCZK Poštová banka, a.s. PGJT B.V. Total Type Associate Joint venture Assets 118,676 416 119,092 Liabilities 96,058 20 96,078 Net Assets 22,618 396 23,014 Income 10,405 5 10,410 Expenses (9,474) (32) (9,506) Profit / (loss) 931 (27) 904 Group s share 36.36% 50% Group s share in profit / (loss) of associates and joint ventures 334 (13) 321 The financial information stated in table above is formed by individual financial information of parents (Poštová banka, a.s. and PGJT B.V.) and their subsidiaries (refer to Note 1). Page 114 / 115

50. SUBSEQUENT EVENTS As a result of a cross-border merger by acquisition dated 23 September 2013, J&T Finance, the Bank s parent company, merged with J&T Finance Group, a.s. and Techno Plus, a.s. as at 1 January 2014. J&T Finance, a.s. became the successor company, changing its name to J&T FINANCE GROUP SE and its legal form to European Society (Societas Europaea, SE).

Ovčáček!!! Gallery of Fine Art in Ostrava The exhibition displayed selected works by Eduard Ovčáček, most frequently from the artist s final ten years. The collection comprised examples of painting, sculpture, graphic art, and structural abstraction, but also visual poetry and photography techniques.

Report on relations between related parties for 2013 This Report has been prepared by the Board of Directors of J&T BANKA, a.s., with its registered office at Praha 8, Pobřežní 297/14, postcode 186 00, ID# 47115378 ( the Bank ). 1.1 The Board of Directors of J&T BANKA, a.s. is aware that during the period from 1 January 2013 to 31 December 2013, J&T BANKA, a.s. was directly controlled by the following persons and entities: J&T FINANCE, a.s. ID# 27592502, with its registered office at Praha 8, Pobřežní 297/14, postcode 186 00, Czech Republic 1.2 The Board of Directors of J&T BANKA, a.s. is aware that during the period from 1 January 2013 to 31 December 2013, J&T BANKA, a.s. was indirectly controlled by the following persons and entities: Ing. Ivan Jakabovič Birth ID# 721008/6246, residing at Bratislava, Donnerova 15, postcode 841 05, Slovakia, who, along with Ing. Jozef Tkáč (see below), controls TECHNO PLUS, a.s. In addition, Ing. Ivan Jakabovič owns shares in the following companies: J&T Securities, s.r.o. ID# 31366431, with its registered office at Bratislava, Dvořákovo nábrežie 8, postcode 811 02, Slovakia, controlled by Ing. Ivan Jakabovič DANILLA EQUITY LIMITED ID# HE297027, with its registered office at SAVVIDES CENTER, 59-61, Akropoleos Avenue, 1st floor, Flat/Office 102, postcode 2012, Nicosia, Cyprus, controlled by Ing. Ivan Jakabovič along with Ing. Jozef Tkáč (see below) Ing. Jozef Tkáč Birth ID# 500616/210, residing at Bratislava, Na Revíne 2941/13, postcode 830 00, Slovakia, who, along with Ing. Ivan Jakabovič (see above) controls TECHNO PLUS, a.s. TECHNO PLUS, a.s. ID# 31385419, with its registered office at Bratislava, Lamačská cesta 3, postcode 841 04, Slovakia, which controls J&T FINANCE GROUP, a.s. BRUBESCO LIMITED ID# HE294153, with its registered office at SAVVIDES CENTER, 59-61, Akropoleos Avenue, 1st floor, Flat/Office 102, postcode 2012, Nicosia, Cyprus, controls TECHNO PLUS, a.s. along with DANILLA EQUITY LIMITED.

Bresco Financing S.à r.l. B169116, residing at 18, avenue Marie-Thérèse, L-2132, Luxembourg, controlled by BRUBESCO LIMITED. J&T FINANCE GROUP, a.s. ID# 31391087, with its registered office at Dvořákovo nábrežie 8, Bratislava, postcode 811 02, Slovakia, controlled by TECHNO PLUS, a.s. 2.1 The Board of Directors of J&T BANKA, a.s. is aware that during the period from 1 January 2013 to 31 December 2013, J&T BANKA, a.s. was controlled by the same entities as the following other controlled entities, through J&T FINANCE GROUP, a.s.: J&T Private Equity B.V. ID# 34157775, with its registered office at 1017SG Amsterdam, Weteringschans 26, the Netherlands, controlled by J&T FINANCE GROUP, a.s. J&T Investment Pool - I- CZK, a.s. ID# 26714493, with its registered office at Praha 8, Pobřežní 297/14, postcode 186 00, Czech Republic, under significant influence of J&T FINANCE GROUP, a.s. J&T Investment Pool - I - SKK, a.s. IČ: 3588016, with its registered office at Bratislava, Lamačská cesta 3, postcode 841 04, Slovakia, under significant influence of J&T FINANCE GROUP, a.s. J&T Capital Management Anstalt ID# FL00021166286, with its registered office at Industriestrasse 105/A, Ruggell, Liechtenstein, controlled by J&T Investment Pool - I- CZK, a.s. and J&T Investment Pool - I - SKK, a.s. J&T FINANCIAL INVESTMENTS LTD. ID# HE99801, with its registered office at SAVVIDES CENTER, 59-61, Akropoleos Avenue, 1st floor, Flat/Office 102, postcode 2012, Nicosia, Cyprus, controlled by J&T Private Equity B.V. J&T Private Investments B.V. (formerly Ingramm International, N.V.) ID# 24323401, with its registered office at 1017SG Amsterdam, Weteringschans 26, the Netherlands, controlled by J&T Private Equity B.V. J&T Private Investments II B.V. ID# 0055573150, with its registered office at Weteringschans 26, 1017SG, Amsterdam, the Netherlands, controlled by J&T FINANCE GROUP, a.s. Page 118 / 119

První zpravodajská, a.s. ID# 27204090, with its registered office at Praha 8, Pobřežní 297/14, postcode 186 00, Czech Republic, controlled by J&T FINANCE GROUP, a.s. J&T SERVICES ČR, a.s. (J&T Management, a.s.) ID# 28168305, with its registered office at Praha 8, Pobřežní 297/14, postcode 186 00, Czech Republic, controlled by J&T FINANCE GROUP, a.s. J&T SERVICES SR, s.r.o. (J&T GLOBAL MANAGEMENT, s.r.o.) ID# 46293329, with its registered office at Dvořákovo nábrežie 8, Bratislava 811 02, Slovakia, controlled by J&T FINANCE GROUP, a.s. J&T GLOBAL SERVICES LIMITED ID# HE131634, with its registered office at Klimentos Street, 41-43, Klimentos Tower, 2nd floor, Flat/Office 21, postcode 1061, Nicosia, Cyprus, controlled by J&T FINANCE GROUP, a.s. JTG Services Anstalt ID# FL00023085917, with its registered office at Industriestrasse 26, 9491 Ruggell, Liechtenstein, controlled by J&T GLOBAL SERVICES LIMITED J&T FINANCE, LLC ID# 1067746577, with its registered office at Rosolimo 17, Moscow, Russia, controlled by J&T FINANCE GROUP, a.s. TERCES MANAGEMENT LTD ID# HE201003, with its registered office at Akropoleos 59-61, 1st floor, Off 102, 2012, Nicosia, Cyprus, controlled by J&T FINANCE GROUP, a.s. From 8.2.2013 controlled by J&T BANKA, a.s. Interznanie OAO ID# with its registered office at Kadashevskaya embankment 26, 113035 Moscow, Russia, controlled by TERCES MAN- AGEMENT LTD. J&T Sport Team ČR, s.r.o. ID# 24215163, with its registered office at Pobřežní 297/14, 186 00 Praha 8, Czech Republic, controlled by J&T FINANCE GROUP, a.s. J&T SECURITIES MANAGEMENT LTD. ID# HE260821, with its registered office at SAVVIDES CENTER, 59-61, Akropoleos Avenue, 1st floor, Flat/Office 102, postcode 2012, Nicosia, Cyprus, controlled by J&T FINANCE GROUP, a.s.

Financial part J&T MINORITIES PORTFOLIO LTD ID# HE260754, with its registered office at SAVVIDES CENTER, 59-61, Akropoleos Avenue, 1st floor, Flat/Office 102, postcode 2012, Nicosia, Cyprus, controlled by J&T FINANCE GROUP, a.s. Equity Holding, a.s. ID# 10005005, with its registered office at Praha 8, Pobřežní 297/14, postcode 186 00, Czech Republic, controlled by J&T MINORITIES PORTFOLIO LTD. ABS PROPERTY LIMITED ID# 385594, with its registered office at 41 Central Chambers, Dame Court, Dublin 2, Ireland, controlled by J&T MINOR- ITIES PORTFOLIO LTD. AGUNAKI ENTERPRISES LIMITED ID# HE301655, with its registered office at Kyriakou Matsi 16, Eagle Star, Agioi Omologites, 1082 Nicosia, Cyprus, controlled by J&T MINORITIES PORTFOLIO LTD. KOTRAB ENTERPRISES LIMITED ID# HE251765, with its registered office at Akropoleos, 59-61, SAVVIDES CENTER, 1st floor, Flat/Office 102, postcode 2012, Nicosia, Cyprus, controlled by J&T FINANCE GROUP, a.s. KHASOMIA LIMITED ID# HE238546, with its registered office at Akropoleos, 59-61, SAVVIDES CENTRE, 1st floor, Flat/Office 102, postcode 2012, Nicosia, Cyprus, controlled by J&T FINANCE GROUP, a.s. RIGOBERTO INVESTMENTS LIMITED ID# HE234362, with its registered office at Akropoleos, 59-61, SAVVIDES CENTER, 1st floor, Flat/Office 102, postcode 2012, Nicosia, Cyprus, controlled by J&T FINANCE GROUP, a.s. J&T Global Finance I., B.V. ID# 53836146, with its registered office at Weteringschans 26, Amsterdam, 1017 SG, the Netherlands, controlled by J&T FINANCE GROUP, a.s. J&T Global Finance II., B.V. ID# 53835697, with its registered office at Weteringschans 26, Amsterdam, 1017 SG, the Netherlands, controlled by J&T FINANCE GROUP, a.s. J&T Global Finance III., s.r.o. ID# 47101181, with its registered office at Dvořákovo nábrežie 8, Bratislava 811 02, Slovakia, controlled by J&T FINANCE GROUP, a.s. From 19.3.2013. Page 120 / 121

2.2 The Board of Directors of J&T BANKA, a.s. is aware that during the period from 1 January 2013 to 31 December 2013 J&T BANKA, a.s. was controlled by the same entities as the following other controlled entities, through J&T FINANCE, a.s.: Poštová banka, a.s. ID# 31340890, with its registered office at Dvořákovo nábrežie 4, Bratislava 811 02, Slovakia, controlled by J&T Finance, a.s. From 1.7.2013. Poisťovňa Poštovej banky, a. s. ID# 31405410, with its registered office at Dvořákovo nábrežie 4, Bratislava 811 02, Slovakia, controlled by Poštová banka, a.s. From 1.7.2013. Dôchodková správcovská spoločnosť Poštovej banky, d.s.s., a. s. ID# 35904305, with its registered office at Dvořákovo nábrežie 4, Bratislava 811 02, Slovakia, controlled by Poštová banka, a.s. From 1.7.2013. PRVÁ PENZIJNÁ SPRÁVCOVSKÁ SPOLOČNOSŤ POŠTOVEJ BANKY, správ. spol., a. s. ID# 31621317, with its registered office at Dvořákovo nábrežie 4, Bratislava 811 02, Slovakia, controlled by Poštová banka, a.s. From 1.7.2013. POBA Servis, a. s. ID# 47234571, with its registered office at Karloveská 34, Bratislava 841 04, Slovakia, controlled by Poštová banka, a.s. From 1.7.2013. PB PARTNER, a. s. ID# 36864013, with its registered office at Dvořákovo nábrežie 4, Bratislava 811 02, Slovakia, controlled by Poštová banka, a.s. From 1.7.2013. PB Finančné služby, a. s. ID# 35817453, with its registered office at Hattalova 12, Bratislava 831 03, Slovakia, controlled by Poštová banka, a.s. From 1.7.2013. SPPS, a. s. ID# 46552723, with its registered office at Nám. SNP 35, Bratislava 811 01, Slovakia, controlled by Poštová banka, a.s. From 1.7.2013. J&T Bank Switzerland Ltd. in liquidation ID# CH02030069721, with its registered office at Zurich, Talacker 50, 12th floor, postcode 8001, Switzerland, controlled by J&T FINANCE, a.s.

Financial part J&T Concierge, s.r.o. ID# 28189825, with its registered office at Praha 8, Pobřežní 297/14, postcode 186 00, Czech Republic, controlled by J&T FINANCE, a.s. J&T Concierge SR, s. r. o. ID# 43905323, with its registered office at Bratislava, Dvořákovo nábrežie 10, postcode 811 02, Slovakia, controlled by J&T FINANCE, a.s. J&T Cafe, s.r.o. ID# 24165409, with its registered office at Praha 8, Pobřežní 297/14, postcode 186 00, Czech Republic, controlled by J&T FINANCE, a.s. J&T Integris Group Ltd. ID# HE207436, with its registered office at Klimentos, 41-43, KLIMENTOS TOWER, 2nd floor, Flat/Office 21, Nicosia, postcode 1061, Cyprus, controlled by J&T FINANCE, a.s. J&T BFL Anstalt IČ: FL00022538043, with its registered office at Industriestrasse 26, 9491 Ruggell, Liechtenstein, controlled by J&T Integris Group Ltd. Bayshore Merchant Services Inc. With its registered office at TMF Place, Road Town, Tortola, British Virgin Islands, controlled by J&T Integris Group Ltd. J&T Bank & Trust Inc. With its registered office at Lauriston House, Lower Collymore Rock, St. Michael, Barbados, controlled by Bayshore Merchant Services Inc. J&T Funds Inc. (INTEGRIS FUNDS LIMITED) With its registered office at Walkers House, Mary Street, George Town, Grand Cayman, Cayman Islands, controlled by Bayshore Merchant Services Inc. J&T Advisors (Canada) Inc. ID# 7602871, with its registered office at Suite 5700, 100 King St. W., Toronto, Ontario, postcode M5X 1C7, Canada, controlled by Bayshore Merchant Services Inc. J and T Capital, Sociedad Anonima de Capital Variable With its registered office at Explanada 905-A, Lomas de Chapultepec, postcode 11000, Ciudad de Mexico, Mexico, controlled by Bayshore Merchant Services Inc. Page 122 / 123

Transactions with related parties in 2013: With J&T FINANCE, a.s.: Contract for the custody of securities, dated 15 January 2006, based on which J&T BANKA, a.s. provided the related party with the custody of securities in 2013 in exchange for adequate consideration. Agent agreement dated 15 December 2008, based on which J&T BANKA, a.s. provided the related party in 2013 with stock brokerage services based on the arm s length principle in exchange for adequate consideration. Financial settlement agreement dated 3 January 2012, based on which J&T BANKA, a.s. settles its receivables and liabilities arising in connection with value added tax, as they are members of a single VAT group of which the Bank is the representing member. Contract for the provision of advisory services dated 19 July 2012, based on which, in 2013, J&T BANKA, a.s. provided the related party with advisory services pursuant to this contract, in exchange for adequate consideration. Contract for the subscription of shares, dated 27 November 2013, based on which J&T FINANCE, a.s subscribed new shares of J&T BANKA, a.s by cash contribution. No harm occurred to J&T BANKA, a.s and other related persons according to the contract. Current account maintenance in accordance with the terms and conditions of the Bank. Deposit account maintenance in accordance with the terms and conditions of the Bank. With Ing. Ivan Jakabovič: Agent agreement No. 17726 on the brokerage of purchase and sale of securities, dated 13 March 2009, based on which, in 2013, J&T BANKA, a.s. provided the related party with stock brokerage services, based on the arm s length principle, in exchange for adequate consideration. General agreement for the custody of financial instruments, dated 5 October 2009, based on which J&T BANKA, a.s. provided to related party in 2013 custody of securities to the appropriate payment. Current account maintenance in accordance with the terms and conditions of the Bank. Deposit account maintenance in accordance with the terms and conditions of the Bank. Issue of a charge card in accordance with the terms and conditions of the Bank. With J&T Securities, s.r.o.: Current account maintenance in accordance with the terms and conditions of the Bank. With DANILLA EQUITY LIMITED: Current account maintenance in accordance with the terms and conditions of the Bank. With Ing. Jozef Tkáč: General agreement for the custody of financial instruments, dated 10 December 2009, based on which J&T BANKA, a.s. provided to related party in 2013 custody of securities to the appropriate payment. Current account maintenance in accordance with the terms and conditions of the Bank. Issue of a charge card in accordance with the terms and conditions of the Bank.

Financial part With TECHNO PLUS, a.s.: Agent agreement No. 17630 dated 12 December 2008, based on which, in 2013, J&T BANKA, a.s. provided the related party with stock brokerage services based on the arm s length principle in exchange for adequate consideration. General agreement for the custody of financial instruments, dated 1 April 2008 and amended on 15 August 2009, based on which J&T BANKA, a.s. provided to related party in 2013 custody of securities to the appropriate payment. Current account maintenance in accordance with the terms and conditions of the Bank. With BRUBESCO LIMITED: Current account maintenance in accordance with the terms and conditions of the Bank. With Bresco Financing S.à.l.: Current account maintenance in accordance with the terms and conditions of the Bank. With J&T FINANCE GROUP, a.s.: Cost splitting agreement dated 19 December 2011, based on which the companies mutually covered 50% of the cost of the audit of group reporting packages in 2013, in exchange for adequate consideration. Guarantee provision agreement dated 15 December 2005, based on which, in 2013, J&T FINANCE GROUP, a.s. provided a guarantee as to a minimum amount of revenue generated by a client s portfolio, in exchange for adequate consideration. Guarantee provision agreement dated 21 August 2006, based on which, in 2013, J&T FINANCE GROUP, a.s. provided a guarantee to selected clients of the bank, in exchange for adequate consideration. Liability sharing agreement dated 11 July 2007, based on which, in 2013, J&T FINANCE GROUP, a.s. shared the potential liability of J&T BANKA, a.s. arising from a Purchase agreement with the original assignees of the subordinated debt, in exchange for adequate consideration. Custody agreement for the custody of financial instruments, dated 2 November 2005, based on which J&T BANKA, a.s. provided to related party in 2013 custody of securities to the appropriate payment. General agent agreement on the brokerage of the purchase or sale of securities dated 14 March 2008 as further amended by Amendment No. 1 dated 15 August 2009, based on which, in 2013, J&T BANKA, a.s. provided the related party with stock brokerage services based on the arm s length principle in exchange for adequate consideration.. Contract for the business lease of movable assets dated 22 September 2010, as further amended, based on which, in 2013, J&T FINANCE GROUP, a.s. leased equipment to the Bank in exchange for adequate consideration. Contract for the business lease of movable assets and financial settlement dated 30 May 2011, as further amended, based on which J&T FINANCE GROUP, a.s. leased equipment to the Bank in 2013 in exchange for adequate consideration. General contract for the provision of banking services, dated 22 November 2012, based on which J&T BANKA, a.s. leased a safe deposit box to the related party in 2013 in exchange for adequate consideration. Overdraft loan agreement No. EUR 10/KTK_SR/2013, dated 12 December 2013, based on which J&T BANKA, a.s undertook to provide funds (an overdraft loan), and J&T FINANCE GROUP, a.s. undertook to repay the loan, pay the interest and other fees in accordance with the agreed terms and conditions. Page 124 / 125

Shares transfer agreement, dated 8 February 2013, based on which J&T FINANCE GROUP, a.s. undertook to the transfer the ownership of shares and J&T BANKA, a.s. undertook to take over the shares and settle the purchase price under given conditions. Current account maintenance in accordance with the terms and conditions of the Bank. Deposit account maintenance in accordance with the terms and conditions of the Bank. With J&T Private Equity B.V.: General contract for the conclusion and settlement of foreign currency transactions, dated 1 November 2001, based on which, in 2013, J&T BANKA, a.s. provided the related party with forward currency transactions based on the arm s length principle. Neither the Bank nor any other related party suffered any loss or damage as a result of this contract. General contract for the provision of individual loans, dated 8 November 2005, as further amended, based on which, in 2013, J&T BANKA, a.s. provided the related party with funds (loans), based on concluded Confirmations. Agent agreement No. 17279 on the brokerage of purchase and sale of securities, dated 10 March 2009, based on which, in 2013, J&T BANKA, a.s. provided the related party with stock brokerage services based on the arm s length principle, in exchange for adequate payment. Brokerage contract dated 7 December 2009, based on which, in 2013, J&T BANKA, a.s. provided the related party with relevant performance pursuant to this contract, in exchange for adequate consideration. Agreement on the cooperation in a promissory note programme, dated 20 July 2009, as further amended, based on which, in 2013, J&T BANKA, a.s. provided the related party with services pursuant to this agreement in connection with the issue of the promissory notes of J&T Private Equity, in exchange for adequate consideration. Agreement on the cooperation in a promissory note program, dated 9 November 2009, as further amended, based on which, in 2013, J&T BANKA, a.s. provided the related party with services pursuant to this agreement in connection with the issue of promissory notes of J&T Private Equity, in exchange for adequate consideration. Forward currency transactions in accordance with the terms and conditions of the Bank. Current account maintenance in accordance with the terms and conditions of the Bank. Maintenance of a term deposit in accordance with the terms and conditions of the Bank. With J&T Investment Pool - I- CZK, a.s.: Current account maintenance in accordance with the terms and conditions of the Bank. With J&T Investment Pool - I - SKK, a.s.: Current account maintenance in accordance with the terms and conditions of the Bank. With J&T Capital Management Anstalt: Current account maintenance in accordance with the terms and conditions of the Bank.

Financial part With J&T FINANCIAL INVESTMENTS LTD.: Agent agreement No. 17615 dated 21 December 2008, based on which, in 2013, J&T BANKA, a.s. provided the related party with stock brokerage services based on the arm s length principle, in exchange for adequate consideration. Current account maintenance in accordance with the terms and conditions of the Bank. With J&T Private Investments B.V. (formerly Ingramm International, N.V.): Current account maintenance in accordance with the terms and conditions of the Bank. With J&T Private Investments II. B.V. Current account maintenance in accordance with the terms and conditions of the Bank. With První zpravodajská, a.s.: Current account maintenance in accordance with the terms and conditions of the Bank. With J&T SERVICES ČR, a.s. (formerly With J&T Management, a.s): Mandate contract for payroll administration, dated 31 March 2011, as further amended, based on which, in 2013, J&T SERVICES ČR, a.s. provided the Bank with payroll administration services, in exchange for adequate consideration. Bank guarantee agreement No. Z 09/OAO/2008, dated 21 April 2008, as further amended, based on which, in 2013, J&T BANKA, a.s. issued a bank guarantee to the related party, in exchange for adequate consideration. Neither the Bank nor any other party suffered any loss or damage as a result of this agreement. Lease contract for the sublease of non-residential premises, dated 1 July 2008, as further amended, based on which, in 2013, J&T SERVICES ČR, a.s. leased to the Bank non-residential premises and fixtures and fittings at Sokolovská 394/17, Praha 8, in exchange for adequate consideration. Bank guarantee agreement No. Z 08/OAO/2011, dated 30 June 2011, based on which, in 2013, J&T BANKA, a.s. issued a bank guarantee to the related party, in exchange for adequate consideration. Neither the Bank nor any other party suffered any loss or damage as a result of this agreement. Overdraft loan agreement No. CZK 82/KTK/2012, dated 10 December 2012, as further amended, based on which, in 2013, J&T BANKA, a.s provided funds (an overdraft loan), and J&T SERVICES ČR, a.s. undertook to repay the loan and pay interest and other fees in accordance with the agreed terms and conditions. Overdraft loan agreement No. CZK 95/KTK/2013, dated 11 December 2013, based on which J&T BANKA, a.s undertook to provide funds (an overdraft loan), and J&T SERVICES ČR, a.s. undertook to repay the loan and pay interest and other fees in accordance with the agreed terms and conditions. Contract for the provision of services (outsourcing), dated 28 June 2012, based on which, in 2013, J&T SERVICES ČR, a.s. provided consolidation services pursuant to this contract, and J&T BANKA, a.s. undertook to provide adequate consideration. Contract for the provision of services (outsourcing), dated 28 December 2012, based on which, in 2013, J&T SER- VICES ČR, a.s. provided IT/IS services pursuant to this contract, and J&T BANKA, a.s. undertook to provide adequate consideration. Contract for the provision of services, dated 31 December 2012, based on which, in 2013, J&T SERVICES ČR, a.s. Page 126 / 127

provided services in logistics, management and technical administration pursuant to this contract, and J&T BANKA, a.s. undertook to provide adequate consideration. Agreement on cooperation in providing the J&T Family and Friends with banking services and in participating in the Magnus loyalty scheme, dated 30 April 2012, based on which, in 2013, J&T BANKA, a.s. provided the related party with services pursuant to this agreement, in exchange for adequate consideration. Contract for the sale and purchase of movable assets, dated 31 December 2012, based on which J&T BANKA a.s. sold IT equipment and fixtures and fittings, in exchange for the payment of the purchase price. Contract for the provision of services, dated 31 January 2013, based on which, in 2013, J&T SERVICES ČR, a.s. provided legal services pursuant to this contract, and J&T BANKA, a.s. undertook to provide adequate consideration. Cooperation contract, dated 31 May 2013, based on which, in 2013, J&T SERVICES ČR, a.s. provided IT audit services pursuant to this contract, and J&T BANKA, a.s. undertook to provide adequate consideration. Current account maintenance in accordance with the terms and conditions of the Bank Issue of a payment card in accordance with the terms and conditions of the Bank With J&T SERVICES SR, s.r.o. (formerly J&T GLOBAL MANAGEMENT, s.r.o.): Contract for the sale of movable assets, dated 20 December 2012, based on which, in 2013, J&T Banka, a.s. sold IT equipment and inventory, in exchange for the payment of the purchase price. Contract for the sale of movable assets, dated 2 September 2013, based on which J&T Banka, a.s. provided the following sale of IT equipment, in exchange for the payment of the purchase price. Mandate contract for payroll and personnel services, dated 26 October 2012, as further amended, based on which, in 2013, J&T SERVICES SR, s.r.o. provided the Bank with personnel and payroll services, in exchange for adequate consideration. Overdraft loan agreement No. CZK 7/KTK_SR/2013, dated 28 August 2013, based on which J&T BANKA, a.s undertook to provide funds (an overdraft loan), and J&T SERVICES SR, s.r.o. undertook to repay the loan and pay interest and other fees in accordance with the agreed terms and conditions. Contract for the rent of motor vehicles, dated 2 January 2013, based on which, in 2013, J&T SERVICES SR, s.r.o. provided the Bank with rent of motor vehicles, in exchange for the payment of the rental price. Agreement on brokerage dated 3 April 2013, based on which, in 2013, J&T SERVICES SR, s.r.o. provided relevant performance pursuant to this contract, in exchange for adequate consideration. Contract for the provision of IS/IT services (outsourcing), dated 28 December 2012, based on which, in 2013, J&T SERVICES SR, s.r.o. provided Bank with IT/IS services pursuant to this contract, in exchange for adequate consideration. Contract for the provision of services, dated 2 January 2013, as further amended, based on which, in 2013, J&T SERVICES SR, s.r.o. provided the Bank with services specified in the supplement of this contract, in exchange for adequate consideration. Agreement on change of licence agreement dated 8 April 2013, based on which the related parties agreed on grant of discretion and duties arising from using of SW the Mail Administrator. Current account maintenance in accordance with the terms and conditions of the Bank.

Financial part With J&T GLOBAL SERVICES LIMITED: Mandate contract dated 22 April 2004, based on which, in 2013, J&T Global Services Limited provided the Bank with services involving the identification of the mandator s clients and related tasks, in exchange for adequate consideration. Agent agreement dated 22 December 2008, concluded pursuant to the new European MiFID directive and the amended Capital Markets Act. This agreement supersedes the Agent agreement dated 23 January 2006, based on which, in 2013, J&T BANKA, a.s. provided the related party with stock brokerage services based on the arm s length principle, in exchange for adequate consideration. General contract for the custody of securities certificates, dated 27 October 2010, based on which, in 2013, J&T BANKA, a.s. provided the related party with the custody of securities in exchange for adequate consideration. Current account maintenance in accordance with the terms and conditions of the Bank. With JTG Services Anstalt: Current account maintenance in accordance with the terms and conditions of the Bank. With TERCES MANAGEMENT LTD: Current account maintenance in accordance with the terms and conditions of the Bank. With J&T Sport Team ČR, s.r.o.: Agent agreement dated 4 February 2013, as further amended, based on which the related parties agreed to promote the name and brand specified in the agreement, and J&T BANKA, a.s. undertook to provide adequate consideration. Agent agreement dated 8 April 2013, based on which the related parties agreed to promote the name and brand specified in the agreement, and J&T BANKA, a.s. undertook to provide adequate consideration. Agent agreement dated 22 April 2013, based on which the related parties agreed to promote the name and brand specified in the agreement, and J&T BANKA, a.s. undertook to provide adequate consideration Agent agreement dated 22 April 2013, based on which the related party undertook to arrange a matter relating to the provision of a gift pursuant to this agreement, and J&T BANKA, a.s. undertook to provide adequate consideration. Current account maintenance in accordance with the terms and conditions of the Bank. With J&T SECURITIES MANAGEMENT LTD.: Mandate contract dated 21 October 2010, based on which, in 2013, J&T BANKA, a.s. brokered repo loans for the related party, in exchange for adequate consideration. General contract for the maintenance of financial instruments, dated 1 November 2010, based on which J&T BANKA, a.s. provided the related party with relevant performance pursuant to this contract, in exchange for adequate consideration. General agent contract on purchase or sale of financial instruments dated 26 May 2010, based on which, in 2013, J&T BANKA, a.s. provided services pursuant to the contract, in exchange for adequate consideration. The Contract is subject to an application for the establishment and management of an asset account of 26 May 2010. Agent agreement No. 19338 on the brokerage of purchase and sale of securities, dated 31 January 2011, based on Page 128 / 129

which, in 2013, J&T BANKA, a.s. provided the related party with stock brokerage services based on the arm s length principle, in exchange for adequate consideration. Agreement on the execution of voting rights attached to the shares, dated 6 May 2013, based on which mutual rights was adjusted and obligations associated with entering into repurchase agreements with the J&T BANKA, a.s. Current account maintenance in accordance with the terms and conditions of the Bank. With J&T MINORITIES PORTFOLIO LTD.: Current account maintenance in accordance with the terms and conditions of the Bank. With Equity Holding, a.s.: Current account maintenance in accordance with the terms and conditions of the Bank. With ABS PROPERTY LIMITED: Loan agreement No. USD 61/OAO/2012, dated 30 August 2012, as further amended, based on which J&T BANKA, a.s. undertook to provide funds (a loan), and ABS PROPERTY LIMITED undertook to repay the loan and pay interest in accordance with the agreed terms and conditions. Current account maintenance in accordance with the terms and conditions of the Bank. With AGUNAKI ENTERPRISES LIMITED: Current account maintenance in accordance with the terms and conditions of the Bank. With KOTRAB ENTERPRISES LIMITED: Current account maintenance in accordance with the terms and conditions of the Bank. With KHASOMIA LIMITED: Current account maintenance in accordance with the terms and conditions of the Bank With RIGOBERTO INVESTMENTS LIMITED: Current account maintenance in accordance with the terms and conditions of the Bank. With J&T Global Finance I., B.V.: Administration contract dated 16 November 2011, based on which J&T BANKA, a.s. provided administration services as part of a bond issue programme, in exchange for adequate consideration. Current account maintenance in accordance with the terms and conditions of the Bank.

Financial part With J&T Global Finance II., B.V.: Bond placement agreement dated 12 January 2012, as further amended, based on which J&T BANKA, a.s. arranged a bond issue, in exchange for adequate consideration. Administration contract dated 12 January 2012, based on which J&T BANKA, a.s. provided administration services as part of a bond issue programme, in exchange for adequate consideration. Current account maintenance in accordance with the terms and conditions of the Bank. With J&T Global Finance III., s.r.o.: Bond placement agreement dated 13 May 2013, as further amended, based on which J&T BANKA, a.s. arranged a bond issue, in exchange for adequate consideration. Administration contract dated 21 June 2012, based on which J&T BANKA, a.s. provided administration services as part of a bond issue programme, in exchange for adequate consideration. General agent contract on purchase or sale of financial instruments dated 19 December 2013, based on which, in 2013, J&T BANKA, a.s. provided services pursuant to the contract in exchange for adequate consideration. Current account maintenance in accordance with the terms and conditions of the Bank. With Poštová banka, a.s.: Agent agreement No. 17673 on the brokerage of purchase and sale of securities, dated 7 February 2005, based on which, in 2013, J&T BANKA, a.s. provided the related party with stock brokerage services based on the arm s length principle, in exchange for adequate consideration. Subordinated loan agreement, dated 21 September 2011, based on which J&T BANKA, a.s undertook to provide funds (a loan), and Poštová banka, a.s. undertook to repay the loan and pay interest and other fees in accordance with the agreed terms and conditions. Lease contract for the lease of non-residential premises, dated 5 October 2010, based on which, in 2013, Poštová banka, a.s. leased to the Bank non-residential premises and fixtures and fittings in building complex River Park, Dvořákovo nábřeží, Bratislava, in exchange for adequate consideration. Forward currency transactions in accordance with the terms and conditions of the Bank. Interbank deposits maintenance in accordance with the terms and conditions of the Bank. With Poisťovňa Poštovej banky, a. s.: Current account maintenance in accordance with the terms and conditions of the Bank. Maintenance of a term deposit in accordance with the terms and conditions of the Bank. With PRVÁ PENZIJNÁ SPRÁVCOVSKÁ SPOLOČNOSŤ POŠTOVEJ BANKY, správ. spol., a. s. : Agent agreement no. 17345 dated 3 December 2008, based on which, in 2013, J&T BANKA, a.s. provided the related party with stock brokerage services based on the arm s length principle in exchange for adequate consideration. Agreement on the promotion calls for the purchase of mutual fund units, dated 9 October 2013 based on which, in 2013, J&T BANKA, a.s. provided the related party with services pursuant to this contract in exchange for adequate consideration. Deposit account maintenance in accordance with the terms and conditions of the Bank. Page 130 / 131

With J&T Bank Switzerland Ltd. in liquidation (formerly IBI Bank AG): Current account maintenance in accordance with the terms and conditions of the Bank. With J&T Concierge, s.r.o.: Overdraft loan agreement No. CZK 23/KTK/2010, dated 9 June 2010, as further amended, based on which J&T BANKA, a.s undertook to provide funds (an overdraft loan) to the related party, and J&T Concierge, s.r.o. undertook to repay the loan and pay interest and other fees in accordance with the agreed terms and conditions. Overdraft loan agreement No. USD 100/KTK/2013, dated 30 December 2013, based on which J&T BANKA, a.s undertook to provide funds (an overdraft loan) to the related party, and J&T Concierge, s.r.o. undertook to repay the loan and pay interest and other fees in accordance with the agreed terms and conditions. Overdraft loan agreement No. EUR 99/KTK/2013, dated 30 December 2013, based on which J&T BANKA, a.s undertook to provide funds (an overdraft loan) to the related party, and J&T Concierge, s.r.o. undertook to repay the loan and pay interest and other fees in accordance with the agreed terms and conditions. Cooperation agreement dated 31 August 2011, based on which, in 2013, J&T Concierge, s.r.o. provided J&T BANKA, a.s., a related party, with services pursuant to this contract relating to the provision of concierge services to payment card holders, in exchange for adequate consideration. Agreement on cooperation in providing the J&T Family and Friends with banking services and in participating in the Magnus loyalty scheme, dated 30 April 2012, based on which, in 2013, J&T BANKA, a.s. provided the related party with services pursuant to this agreement, in exchange for adequate consideration. Contract for the provision of services, dated 3 January 2013, based on which, in 2013, J&T Concierge, s.r.o. provided mainly marketing services, in exchange for adequate consideration. Financial settlement agreement dated 3 January 2012, based on which J&T BANKA, a.s. settles its receivables and liabilities arising in connection with value added tax, as they are members of a single VAT group of which the Bank is the representing member. The purchase agreement dated 31 December 2013 on the sale of movables, based on which J&T Banka, a.s. provided the following benefits to the sale of IT equipment for the appropriate payment of the purchase price. Current account maintenance in accordance with the terms and conditions of the Bank. Issue of payment cards in accordance with the terms and conditions of the Bank. With J&T Concierge SR, s. r. o.: Current account maintenance in accordance with the terms and conditions of the Bank. With J&T Cafe, s.r.o.: Overdraft loan agreement No. CZK 15/KTK/2012, dated 11 April 2012, as further amended, based on which J&T BANKA, a.s undertook to provide funds (an overdraft loan), and J&T Cafe, s.r.o. undertook to repay the loan and pay interest and other fees in accordance with the agreed terms and conditions. Overdraft loan agreement No. CZK 65/KTK/2012, dated 3 October 2012, based on which J&T BANKA, a.s undertook to provide funds (an overdraft loan), and J&T Cafe, s.r.o. undertook to repay the loan and pay interest and other fees in accordance with the agreed terms and conditions. Contract for the operation of a cafe, dated 30 March 2012, based on which, in 2013, J&T BANKA, a.s. undertook to

Financial part provide non-residential premises at the Brno office to related party, as specified in this agreement, in exchange for the provision of restaurant services to clients. Contract for the operation of a cafe, dated 31 March 2012, based on which, in 2013, J&T BANKA, a.s. undertook to provide non-residential premises at the Ostrava office to related party, as specified in this agreement, in exchange for the provision of restaurant services to clients. Current account maintenance in accordance with the terms and conditions of the Bank. With J&T Integris Group Ltd.: Current account maintenance in accordance with the terms and conditions of the Bank. With J&T BFL Anstalt: Current account maintenance in accordance with the terms and conditions of the Bank. With J&T Bank & Trust Inc.: Agent agreement on the brokerage of purchase and sale of investment instruments, dated 13 August 2012, based on which, in 2013, J&T BANKA, a.s. provided the related party with stock brokerage services, based on the arm s length principle, in exchange for adequate consideration. Interbank deposits maintenance in accordance with the terms and conditions of the Bank. Forward currency transactions in accordance with the terms and conditions of the Bank. Current account maintenance in accordance with the terms and conditions of the Bank. III. No loss or damage was caused to the Bank or any other related party as a result of the above contracts and other relations between related parties. During the accounting period, no other legal acts, measures, services or compensations were made or effected in the interest or at the initiative of the controlling entity and/or entities controlled by the controlling entity. IV. We declare that we have included in the Report on relations between related parties of J&T BANKA, a.s., prepared in accordance with Section 66a (9) of the Commercial Code for the period from 1 January 2013 to 31 December 2013, all: contracts between related parties, services and compensations provided to related parties, other legal acts effected in the interest of related parties, measures adopted or carried out in the interest or at the initiative of related parties that were known as at the date of signing of this Report. Page 132 / 133

The Board of Directors of J&T BANKA, a.s. further declares that no loss or damage was caused to J&T BANKA, a.s. in any way by the actions of the controlling entity or an entity controlled by the same entity and that J&T BANKA, a.s. neither incurred any loss or damage nor gained any pecuniary benefit based on the contracts and other relations with related parties. 28. March 2014 Board of Directors J&T BANKA, a.s.

Page 134 / 135 Financial part

J&T BANKA, a.s. Pobřežní 14, 186 00 Praha 8 Česká republika tel.: +420 221 710 111 fax: +420 221 710 211 www.jtbank.cz J&T BANKA, a.s., pobočka zahraničnej banky Bratislava Dvořákovo nábrežie 4, 811 02 Bratislava Slovenská republika tel.: +421 259 418 111 fax: +421 259 418 115 www.jt-banka.sk

Jake & Dinos Chapman. The Blind Leading the Blind Rudolfinum Gallery Jake and Dinos create installations, sculptures, and paintings that make use of cynical and sarcastic humour to call attention to the current depraved political, social, religious and moral situation. Our society s fascination with horror, evil and perversion puts a mirror to the reality of the present-day world and shows the banality of omnipresent evil.

J&T BANKA, a.s. Pobřežní 14, 186 00 Praha 8 Česká republika tel.: +420 221 710 111 fax: +420 221 710 211 www.jtbank.cz J&T BANKA, a.s., pobočka zahraničnej banky Bratislava Dvořákovo nábrežie 4, 811 02 Bratislava Slovenská republika tel.: +421 259 418 111 fax: +421 259 418 115 www.jt-banka.sk