KBC Ancora announced that Ms. Katelijn Callewaert was appointed as a part- time managing director of Almancora Société de gestion on 24 June 2016. She will replace Mr. Luc Discry with effect from 3 August 2016, who on that date reaches the age limit set in the articles of association. Katelijn Callewaert joins Franky Depickere, who is a full- time managing director of Almancora Société de gestion SA, statutory manager of KBC Ancora SCA. Katelijn Callewaert worked at PwC Tax Consultants sccrl-bcvba from 1981 to the end of 2014, since 1991 as a director, holding the position of Tax Director Global Compliance Services. She was also a member of the TLS (Tax and Legal Services) HR Board of PwC Tax Consultants. She was also a member of the Belgian Institute of Accountants and Tax Consultants (IAB-IEC), sat on numerous committees of the IAB-IEC and was a member of the International Fiscal Association (IFA) and the Association for Fiscal and Accountancy Professions for the province of Brabant (BAB Brabant). The appointment of Katelijn Callewaert as a managing director of Almancora Société de gestion brings an end to her term of office as Chairman of the Board of Directors. Ms. Callewaert will be succeeded as Chairman of the Board of Directors of Almancora Société de gestion by Mr. Jules Stuyck with effect from 24 June 2016.