PPF Group announces that it has named Ladislav Bartonicek, one of the PPF Group's shareholders, to manage all PPF Group's activities on behalf of the deceased Petr Kellner.

Teams of professional managers run individual companies of PPF Group and will continue to do so under the leadership of Ladislav Bartonicek. As a whole, PPF Group has a detailed system in place to manage its investment projects. The company states that its founder's passing away has no impact on the PPF Group's day-to-day functioning. PPF Group will continue moving forward its investment plans and visions formulated by Petr Kellner with his team of colleagues.