Ernst Kramer Email & Phone Number

Rotterdam, South Holland, Netherlands

Rotterdam Area, Netherlands

Chief Financial Officer / COO – LSI project investment n.v. & LSI ontwikkeling BV, including all subsidiaries (>40)Responsible for the full financial and operational performance of LSI group, one of the two principle Directors of the company, with full financial and operational responsibility• LSI is family owned and funded by private equity for operations and equity for the projects• Full operational responsibility, structuring and negotiations of all contracts • Restructured the company multiple times, increased and reduced the size of the company to fit present needs and operational model• Refinanced the company and secured medium term operational finance• Project Financed all projects within the operations companies• Executed all exits for the completed projects• Member of the Advisory Board• Responsible for all the key projects • Buildings completed: a.o. Central Post Rotterdam, Zalmhaven Office Rotterdam, Exact Building Delft, CBS Heerlen, Zo Wonen Sittard, Willemsplein office building, KPN Houten, Amstelkwartier residential housing (Amsterdam), 100-Hoog residential housing (Rotterdam) (>€300m)• Projects under development/implementation/construction: a.o. various projects in Rotterdam, Holendrecht transformation office building into housing (Amsterdam), Willemstoren residence Rotterdam (>€500m)

Rotterdam Area, Netherlands

Dutch Mobile operator, Purchased by KPN in 2005 for €1,2B based in AmsterdamChief Financial Officer – TelfortResponsible for the full financial performance of Telfort, one of the two Directors of the company, with full financial responsibility• Integrated the company in to the KPN organisation• Key member of the turn around management team to bring Telfort in to the KPN brand strategy and road map as the post-acquisition integration task• As Board member responsible to restore the growth of the company, achieved an average of 15% annual growth over last two years, and more than doubling the profit• Merged and de-merged the company to implement and form the KPN integration strategy• Successfully made Telfort SOx compliant • Had IT, legal and most operational issues in his portfolio

2003-05 Commercial Director – Nokia Networks, EMEA, initially based in UKBased on emerging markets financial experience promoted to map countries in the region not having a Networks presence, prioritise opportunities, define the strategy for financial and legal setup, and provide financial input for the bid win teams and determine content of financial and commercial part of all bids.Promoted to also create and implement a strategy for a start-up in sub-Saharan Africa -35 staff• Defined the business entry strategy for the region in conformity with the Nokia road map• Established all new legal entities and operations; legal, financial, tax and operational set up for every new country• Built the business with new contracts on an entirely secured financial basis• Secured new country entries

1999-03 Director of Customer Finance – Global Emerging Markets – based Turkey and UK• Managed the full financial exposure between network customers and Nokia from every angle and scope; bidding, contracts, bonds, risks, liabilities, receivables, inventories and vendor financing • Conducted financial assessment of existing and future customers, assessing business opportunities, risks and determined acceptable financial exposure.• Negotiated financing contracts for values of €1.5bn with major European and US banks• Created the strategy for multiple supply contracts in global emerging markets, including creation of the strategy, legal structures, contract terms, bids wins and payment structures• Headed Nokia's role in global litigation in the Telsim fraud case, securing legal victories and managing the conduct of lawyers, bankers, auditors and investigators • Concluded turnaround of subsidiaries in Bolivia and Venezuela to profitability

1995-99 Chief Financial Officer – Pannon GSM – based HungaryPromoted to manage finance, tax, legal, procurement, IT and billing for this greenfield Mobile Operator, while also acting as Member of the Board and Deputy CEODeveloped the entire administration and systems, building to 80 staff• Introduced SAP, selected and implemented a new customer-care and billing system• Arranged €625m external financing including Hungary's first local currency bonds• Responsible for the investment budget of network and company rollout of ~€100M per year• Developed reporting and business planning to acceptable international standards• Grew the company to a profitable and fully funded competitive operator• Built the business from zero to 1m subscribers in four years with €500m t/o• Created over €750m shareholder value when sold in 2000

1994-95 Manager of International Joint Ventures – based in The Hague, The NetherlandsPromoted to manage the international operator subsidiaries and enhance shareholder value• Managed shareholders relationship and strategic influence in operations in Hungary, Czech Republic, Slovak Republic, Ukraine, Indonesia and Germany• Raised €200m of equity and debt funding for development and expansion• Increased ownership in targeted territories including Hungary and the Ukraine

1991-94 Financial Controller – Amsterdam DistrictRecruited to conduct business analysis and financial reporting• Implemented Greenpoint, a wireless telecommunication service• Introduced robust financial reporting and monitoring• Established control over contract reporting, revenue recognition and work in progress• Managed the Invoicing Department of the District of Amsterdam