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BOARD

New Board of Directors following the General Meeting of members of September 17, 2010:

New Board of Directors for years 2005-2006, Executive Office and President elected in Brussels on June 18, 2005:

FIRST GENERAL MEETING OF EFES (WARSAW 13 NOVEMBER 1999):

The first General Meeting of members of EFES was held on Saturday 13 November, with 29 members present or represented. The project of statutes for EFES as an international non-profit organization was adopted. The Board of Directors of EFES was elected, with 21 people representing 13 countries.

The Executive Office of EFES was elected, with 7 people coming from the United Kingdom, Hungary, France, Poland, Belgium, Italy and The Netherlands, and the Executive Office named its President.

Finally, the Secretary General of EFES was elected unanimously.

BOARD OF DIRECTORS OF EFES :

1. ASSOCIATION OF EMPLOYEE SHAREHOLDERS OF BBL, represented by Pierre VANRIJKEL, Director, BELGIUM

2. Evgenie KOSTOURKOV, member of OWNERSHIP FOUNDATION, BULGARY

3. Erik MAALOE, professor at the AARHUS SCHOOL, DENMARK

4. Gorm WINTHER, professor at the GREENLAND UNIVERSITY, DENMARK

5. ALEXANDER CORPORATE FINANCE OY, represented by Erkki HELANIEMI, FINLAND

6. Serge CIMMATI, member of the FRENCH FEDERATION OF ASSOCIATION OF EMPLOYED SHAREHOLDERS, FRANCE

7. Patrick GUIOL, of the CNRS – UNIVERSITY OF RENNES 1, FRANCE

8. Raymond GUILLAUME, former employee shareholder of ELF/TOTALFINA, FRANCE

9. MRP - HUNGARIAN FEDERATION OF EMPLOYEE OWNERSHIP, represented by Janos LUKACS, Executive Director, HUNGARY

10. CGIL – CONFEDERAZIONE GENERALE ITALIANA DEL LAVORO, represented by Walter CERFEDA, National Secretary, ITALY

11. Mauro BOSSOLA, member of the FIADA – ITALIAN FEDERATION OF ASSOCIATIONS OF EMPLOYED SHAREHOLDERS, ITALY

12. NETHERLANDS PARTICIPATION INSTITUTE, represented by Henk KOOL, Executive Director, NETHERLANDS

13. UNIA WLASNOSCI – POLISH FEDERATION OF EMPLOYEE OWNERSHIP, represented by Kris LUDWINIAK, Director, POLAND

14. UNIA WLASNOSCI – POLISH FEDERATION OF EMPLOYEE OWNERSHIP, represented by Jacek LIPINSKI, President, POLAND

15. SINERGIA – SINDICATO DA ENERGIA, represented by Armenio SIMOES MATIAS, PORTUGAL

16. DEZAP – SLOVENIAN FEDERATION OF EMPLOYEE OWNERSHIP, represented by Bozidar LEDNIK, Executive Director, SLOVENIA

17. DRUSTVO DELNICAR – INSTITUTE FOR EMPLOYEE OWNERSHIP, represented by Gojko STANIC, Vice President, SLOVENIA

18. JOB OWNERSHIP Ltd, represented by David ERDAL, Executive Director, UNITED KINGDOM

19. David WHEATCROFT, member of the CENTRE FOR EMPLOYEE OWNERSHIP AND PARTICIPATION, UNITED KINGDOM

20. Deborah Groban OLSON, member of the NCEO – NATIONAL CENTER OF EMPLOYEE OWNERSHIP, President, USA

21. CECOP – EUROPEAN CONFEDERATION OF PRODUCERS’ CO-OPERATIVES, represented by Rainer SCHLUTER, Secretary General, EUROPEAN UNION

EXECUTIVE OFFICE OF EFES:

Janos LUKACS, HUNGARY

David ERDAL, UNITED KINGDOM

Kris LUDWINIAK, POLAND

Henk KOOL, NETHERLANDS

Pierre VANRIJKEL, BELGIUM

Mauro BOSSOLA, ITALY

Patrick GUIOL or Serge CIMMATI (to be confirmed), France

The Executive Office called Pierre VANRIJKEL to be its President.

SECRETARY GENERAL OF EFES:

Marc MATHIEU, Belgium

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