“Confirmam prin prezenta ca ALPHA BANK SA a incheiat cu succes o tranzactie complexa cu un investitor identificat de Bursa Romana de Afaceri.”

Letter of Recommendation

Date: 11.11. 2016

To Whom It May Concern:

Hereby, we acknowledge that during 2016, ALPHA BANK ROMANIA SA has successfully completed a complex transaction with an investor identified by Bursa Romana de Afaceri SA. In addition to that, the Bank has developed good relationship with Bursa Romana de Afaceri SA representatives and currently, it continues to explore together, real estate market, searching for potential investors.

Since the inception date of cooperation and until the date of current letter, Bursa Romana de Afaceri SA has proven flexibility, pro-activity, commitment towards envisaged mandates and good understanding of local real estate market, being a trustworthy broker.

Our best regards,

Mario Jean Tsakiris

Alpha Bank Romania SA