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CFA Training Programme for Level 1 ahead of the June 2017 exam session START: 25 February 2017 Client Relations Officer: Renata Michalak Tel. +48 508 018 460 renata.michalak@pl.ey.com

START: 25 February 2017 Client Relations Officer Renata Michalak Tel. +48 508 018 460 renata.michalak@pl.ey.com The standard price of the CFA Level 1 (10-day) course is 5,690 PLN + 23% VAT. If you do not wish to participate on the full programme you are welcome to select the modules you wish to attend: Price per 1 day 900 PLN + 23% VAT Price per 2-day module is 1,700 PLN + 23% VAT Schweser Live Mock Exam 159 PLN + 23 % VAT What does EY Academy of Business offer? Ahead of the Level 1 June 2017 exam, we are offering candidates a comprehensive preparatory course consisting of: 10 days of classroom training for Level 1 led by experienced tutors, focused on examination technique, delivered in five phases held approximately one month apart. Mock exam participants will have an opportunity to test their knowledge under conditions identical to those encountered in the real exam. Hot-line e-mail contact with the tutors is available throughout the course. Our course tutors are experts in their field and all have professional experience. The course is comprehensive, allowing time to cover the key areas of the Level 1 syllabus in sufficient detail. It is delivered over weekends so as to eliminate the need for participants to take additional time off work. The course is conducted in English. In addition to classroom training and the opportunity to sit a mock Level 1 exam, all participants receive: A complete set of study material for each topic purchased including a summary of major issues discussed in the course and an extensive bank of exam-type questions. The Texas Instruments BA II Plus calculator one of the two calculators authorised for use in the CFA exam (only for participants who attend whole course). Participants may additionally purchase: A complete set of Schweser CFA Level 1 Study Notes and Practice Exams vol. 1 and 2 Pricing and terms are available on request Schweser Live Mock Exam free of charge for course participants!

What is the Chartered Financial Analyst Programme? The Chartered Financial Analyst (CFA ) qualification is administered by the CFA Institute in the USA and is promoted as the industry standard for professionals working in the financial services industry. The CFA qualification is one of the most highly respected and valued qualifications available internationally. In both developed and emerging markets, the CFA designation is recognised as a symbol of professional excellence. CFA candidates and charter holders reside in more than 150 countries throughout the world. Gaining such a qualification is evidence that the holder possesses skills and knowledge that are in high demand by employers in the securities markets, banking, corporate finance, fund management, insurance and investment advice. Who takes the CFA examinations? The CFA Programme is most suitable for those who aspire to become professionals in the financial services industry. University graduates of any discipline can join the programme. A background in accounting or finance is helpful but is not a pre-requisite. What are the benefits of holding the CFA charter? The CFA Programme is a comprehensive programme in investment management skills. It takes the candidate to advanced levels in a variety of subjects such as: Investment analysis Portfolio management Assets valuation Securities evaluation Fund management Investment advice Regulation of investment management services How long does it take to gain the CFA? There are three examination levels, which must be passed sequentially. The exam sittings are annual, in early June. Additionally, the Level 1 exam may be taken in December. It is possible to sit the December exam in Warsaw. There are no exemptions and only one level may be taken at a time. Candidates should expect to complete the programme in two and a half or three years assuming first time passes for each exam. CFA Institute does not require candidates to complete the CFA Programme within a specified time frame. Nor does CFA Institute limit the number of times candidates may sit for each exam level or require candidates to repeat an exam level that they already have passed, regardless of the time elapsed between exams. How much will it cost to gain the CFA charter? In addition to the course fee there is the cost of registration and enrolment for each exam with the CFA Institute. The registration fee includes the price of the CFA Program Curriculum along with an additional on-line set of questions. Candidates may calculate the total cost of enrolment and registration at the CFA Institute website: http://www.cfainstitute.org/programs/cf aprogram/register/pages/fee_schedule.a spx CFA curriculum and examinations The syllabus for each of the three levels is based on the same list of topics, contained in the Candidate Body of Knowledge, produced by the CFA Institute, and is specified by way of a list of learning outcome statements. The learning outcome statements relate to chapters or excerpts from a series of recommended textbooks, professional journal articles and other readings that are set as reading assignments and these reading assignments effectively constitute the study material. The Level I study programme emphasises tools and inputs and includes an introduction to asset valuation and portfolio management techniques. The Level II study programme emphasises asset valuation and includes applications of the tools and inputs (including economics, financial statement analysis, and quantitative methods) in asset valuation. The Level III study programme emphasises portfolio management and includes strategies for applying the tools, inputs, and asset valuation models in managing equity, fixed income, and derivative investments for individuals and institutions. The CFA Institute recommends that a candidate with little financial services experience spend a total of around 250 hours preparing for each level. In addition to the time spent on courses, candidates are assumed to be able to spend a minimum of six hours a week studying. Each level is examined in two three-hour exams set on the same day, one in the morning and the other in the afternoon, with both exams covering the whole syllabus for that level.

Our CFA course tutors Our CFA course tutors Georgia Sophocleous, FCCA Jarosław Olszewski, CFA, FCCA, CIA Georgia is a Fellow Member of the Association of Chartered Certified Accountants (ACCA) and a graduate in Economics and Finance from the Wartburg College in Waverly, Iowa, USA. Georgia delivers courses on selected topics regarding ACCA and CFA Qualifications. Since 1998 Georgia has been working in EY Academy of Business as a tutor of economics, management and financial accounting and management strategy papers (ACCA & CFA programs). She develops training courses for EY staff, for EY clients customised to their needs as well as open courses. Georgia also manages all courses that we deliver abroad in various countries and as far as the Middle East, India and Philipines. All trainers are under her leadership in developing and promoting training products in all countries. Georgia is also the author of training materials on various subjects e.g. managerial accounting, strategic planning and budgeting and on corporate finance. Jarosław is a graduate of the Poznan University of Economics and Business, and a member of the Association of Chartered Certified Accountants (ACCA), CFA (Chartered Financial Analyst), and Certified Internal Auditor (CIA). He has been working in EY since 1996 working in audit and obtaining experience in various industries through reviews and due diligence projects. His experience covers many sectors like Energy, Telecom, Service Industry and other. A a full time trainer he focused on IFRS, ACCA, CFA, Internal Audit, and Finance for non-financial managers. Jarosław s main specialization is International Financial Reporting Standards (IFRS). He develops and delivers both open courses as well as customised for the specific needs of clients as well as for EY partners and managers. He is the director of all post-graduate IFRS programs developed in cooperation with SGH Warsaw Scholl of Economics. Peter Juhasz, CFA Constantinos Papanastasiou, CFA Peter is a graduate of the University of Economic Sciences and Public Administration in Budapest and now a professor of the same university while at the same time a CFA Charterholder and the president of the local CFA Association in Hungary. He gained his CFA Qualification in 2003 and then in 2005 he obtained PhD in Business Administration on the Corvinus University in Budapest. Before joining the EY Academy of Business he spent four years as a columnist and financial analyst at World Economy, a leading Hungarian business daily. Peter has developed many training programmes for EY clients in many countries and enjoys a very high reputation as a specialist in the field of valuations and as a professional trainer. Peter conducts training courses on all areas of the CFA qualification. He also specializes on the financial strategy papers of ACCA. Constantinos is a CFA Charterholder, and also holds a Corporate Finance Qualification from the Institute of Chartered Accountants in England and Wales, a Certificate in Company Direction from the Institute of Directors UK, and certificates from CYSEC for the provision of advice for investments in financial instruments, underwriting, and portfolio management. He holds a B.Sc. (Econ) in Economics and Statistics from University College London and a M.Phil Finance from the University of Cambridge, Pembroke College. Constantinos has 15 years of experience in investment banking and currently heads the Investment Banking at The Cyprus Investment & Securities Corporation Limited (CISCO), Bank of Cyprus Group. He is also a member of the Board of Directors of Cyprus Airways Public Limited and a Lecturer for the CFA Program to CFA Candidates at the EY Academy of Business (Poland) and the Cyprus International Institute of Management (CIIM). He also formerly served as President of the CFA Society of Cyprus.

Courses timetable Phase 1 Timetable D1 Economics D2 Quantitative methods Phase 2 D3 Fixed Income D4 Equity investments, Ethics Phase 3 D5,D6 Financial Statement Analysis Phase 4 D7 Portfolio management, Corporate finance D8 Derivatives, Alternative investments Phase 5 D9,10 Revision Date 25-26 February 2017 18-19 March 2017 8-9 April 2017 22-23 April 2017 6-7 May 2017 The course comprises of 10 days of classroom training (broken down into phases) and a mock exam. All classes are held in Warszawa: Al. Armii Ludowej 26. The courses run from 9 am to 4:30 pm. Two breaks for coffee and snacks are scheduled during the day and at mid-day participants are offered sandwiches and yoghurts. Schweser Live Mock Exam 20 May 2017 Next group is scheduled to start in December 17

Application form Please complete this form and return to renata.michalak@pl.ey.com or academyofbusiness@pl.ey.com All information concerning the programme will be sent by e-mail to the address indicated. Name and Surname Job title Correspondence address (preferably company address) Tel. no: e-mail: Address for invoicing incl. NIP I confirm my attendance in: CFA Level 1 Training Programme preparation for the June 2017 Exam Choose module/day/whole course. Schweser Live Mock Exam 2017 Level Warszawa Wroclaw CFA Society Poland Member Yes No Wyrażam zgodę na wystawianie i przesyłanie faktury w formie elektronicznej : Warunki uczestnictwa: TAK, na adres e-mail Warunkiem uczestnictwa w szkoleniu jest wypełnienie i wysłanie zgłoszenia na adres: academyofbusiness@pl.ey.com Płatności należy dokonać na 7 dni roboczych przed rozpoczęciem kursu Opłata powinna być dokonana przelewem na konto HSBC Bank Polska, nr rachunku (PLN): 61 1280 0003 0000 0031 1251 3031. Warunki rezygnacji: Bezkosztowa anulacja udziału w szkoleniu możliwa jest po otrzymaniu pisemnej rezygnacji na minimum 7 dni przed rozpoczęciem szkolenia. W przypadku niedochowania terminu, uczestnik ponosi koszt 100% ceny. Nieobecność na szkoleniu nie zwalnia z dokonania opłaty i nie stanowi podstawy do zwrotu należności. Ernst & Young spółka z ograniczoną odpowiedzialnością Academy of Business sp. k. zastrzega sobie prawo do odwołania szkolenia lub zmiany terminu. Wyrażam zgodę wobec Ernst & Young spółka z ograniczoną odpowiedzialnością Academy of Business sp. k. z siedzibą przy Al. Armii Ludowej 26 w Warszawie (00-609): na przetwarzanie danych zamieszczonych w powyższym formularzu zgłoszeniowym w celu aktywnego udziału w szkoleniu zgodnie z ustawą o ochronie danych osobowych z dnia 29 sierpnia 1997 r. (Dz.U. z 2016 r. poz. 922) oraz na otrzymywanie od Ernst & Young spółka z ograniczoną odpowiedzialnością Academy of Business sp. k., drogą elektroniczną na wskazany powyżej adres elektroniczny zgodnie z ustawą z dnia 18 lipca 2002 r. o świadczeniu usług drogą elektroniczną (Dz.U. z 2016 r. poz. 1030), informacji dotyczących tego szkolenia niezbędnych do przeprowadzenia szkolenia na przetwarzanie danych zamieszczonych w powyższym formularzu zgłoszeniowym dla celów przesyłania informacji handlowych oraz marketingu bezpośredniego na otrzymywanie informacji handlowych, drogą elektroniczną na podany adres poczty elektronicznej zgodnie z ustawą z dnia 18 lipca 2002 r. o świadczeniu usług drogą elektroniczną (Dz.U. z 2016 r. poz. 1030). Jestem świadomy/ma prawa do poprawiania, zmieniania i aktualizowania swoich danych zgodnie z ustawą o ochronie danych osobowych z dnia 29 sierpnia 1997 r. (Dz.U. z 2016 r. poz. 922) Oświadczam, że zapoznałem się z warunkami uczestnictwa i rezygnacji w szkoleniu i je akceptuję. Data i podpis www.academyofbusiness.pl Pieczątka firmy EY. Wszystkie prawa zastrzeżone Ernst & Young spółka z ograniczona odpowiedzialnością Academy of Business sp. k. al. Armii Ludowej 26 00-609 Warszawa XII Wydział Gospodarczy Krajowego Rejestru Sądowego KRS: 0000530201 NIP 526-26-970-16