London Partners is a group of companies acting in residential real estate, with a consistent pipeline of projects in Romania, most known being Soho and Belvedere.

Area of services includes:• Preparing the documentation needed to obtain different kinds of financing (leasing, EU subsidies, state subsidies) and answer the questions of the finance provider;• Design the requirements for implementation of Business Intelligence software (BI);• Provide IFRS and statutory accounting training.

• Coordinate all the activities of Immofinanz Financial Services Romania (finance, accounting, IT, cost control, administration, HR, legal, tax) – reporting to Vienna and supervising more than 35 people;• Prepare the reporting package and consolidation for Romanian entities; • Integrate the new companies within the reporting system of Immofinanz;• Insure the reporting for all entities and associated holdings in Cyprus and Netherland of the Group in accordance with HBII and Group standards;• Implement the ERP system and integrate the new entities; • Maintain the relationship and coordinate with external lawyers and Group Legal Department in Vienna. • Provide details for the “actual versus budget” differences for reported companies • Set-up and develop a team able to prepare the statutory and IFRS accounting of Romanian entities of Immofinanz Group;• Participate to the budgeting process;• Interface with fiscal authorities.• Implemented an ERP (Microsoft Dynamics NAV) and insured the integration of local systems with Vienna Group Headquarters systems;• Performed consolidation and analysis per business segment for Romanian entities;• Managed the financial and administration side at holding level;• Developed local applications to automatize the reporting process;• Takeover and integrate the accounting activities from several third parties with different procedures and booking systems;• Unified the Chart of Accounts of Romanian entities and insured the mapping versus Austrian Chart of Accounts;• Put in place financial policies and personnel appraisal systems;• Recovered important VAT amounts from the state;• Performed mergers of Romanian entities;• Optimized the number of employees in absorbed companies (30% decrease of personnel in accounting);• Developed the cost system based on timesheets for the Price Transfer file for fiscal authorities;• Implemented the new reporting system using EUR as functional currency of Romanian entities;

EMCT Romania is a real estate developer coordinating major projects such as Carrefour, Bricostore, Media Galaxy, Sun Plaza. It acts as business developer, leasing agent and project manager but also manages commercial centers. The group consists in several companies, each with specific roles (insurance of labour force, SPV etc). Main responsibilities:• Prepare the group sale to Redevco;• Prepare financial models in accordance with partners requirements;• Establish a cost system and optimise the profits within companies in the group.• Coordinate the activity of accounting, finance, cost control, IT and administration in all companies;• Manage relationship with fiscal authorities.Achievements:• Implementation of a cost system and limits of competence policies;• Prepare full quarterly budgets for a 7year period;• Renew loan financing from banks;• Successful sale to Redevco.

3M Romania is a subsidiary of 3M USA. The company is structured as a conglomerate, producing and selling over 60,000 SKU’s – starting from FMCG to specialised security equipments. All sales divisions are present in Romania. Turnover in Romania was EUR 25 mio, with a net profit of circa EUR 6mio.Main responsibilities:• Prepare financial models in accordance with central requirements;• Monitor profitability per product and take measures to achieve required profitability;• Monitor Company’s metrics and take actions to keep them within targets;• Coordinate implementation of new software for pricing and transfer price;• Coordinate the activity of accounting, finance, cost control, IT and internal control departments in all divisions (23 people);• Manage relationship with fiscal authorities.Achievements:• Implementation of Sapphire (price and profitability control software)• Created dashboards for each business unit allowing on line adjustment of price policies and bring spending under direct control;• Created financial models for optimization of F/X exposure and investment decisions;• Lead the Romanian team for the implementation of transfer cost between 3M subsidiaries;

Romanian Investment Fund controlled all three companies. To ensure unitary management, the companies shared the Chairman of the Board, the General Manager and the CFO positions.The 3 companies had a total turnover of around EUR 65 mio and employed more than 20 people in Finance/Accounting Departments.Achievements:• Implementation of production module of Oracle in Policolor;• Established common policies for the 3 companies (fixed assets revaluation and impairment, lifetimes for fixed assets, provisioning policies, recognition of restructuring costs etc.);• Established an automatic system to monitor liquidity; • Scenario budgeting; • Feasibility study based on which the Board approved the policy for domestic transports;• Insure necessary liquidity for periods with low sales (seasonal impact on sales of all companies).

• Coordinated the audit of: 1) Nuclearelectrica SA, Termoelectrica SA, Hidroelectrica SA, Electrica SA, Transelectrica SA, Tarom (National Airlines Company), Sanex SA, ONT Carpati SA, Brau Union Group (Arbema, Malbera, Silva and the distribution network) and 5 water distribution companies (financial statements according to IAS and RAS); 2) Central Media Enterprises, Diana Forest (financial statements according to US GAAP).• Performed due diligence for the privatisation of the National Tobacco Company (“SNTR”), the Romanian Commercial Bank (partially) and several other companies included by the State Ownership Fund on the privatisation list.