"It is with great pleasure that I write this letter of recommendation for Mrs. Milena Olszewska-Miszuris, the CEO of WM Advisory Sp. z o.o., for co-operation regarding creation of the first sustainability statement for ASBISc Enterprises Plc in line with CSRD Directive and ESRS standards. Within double materiality analysis, WM Advisory Sp. z o.o. was responsible for advising the Company on: updating the stakeholder map, mapping the value chain as well as conducing impact and financial materiality assessment. In addition, WM Advisory Sp. z o.o. supported the Company in discussions and surveys among internal and external stakeholders. We believe that the obtained list of material topics emanated from the double materiality analysis properly reflects ASBIS’ value chain. WM Advisory Sp. z o.o. was also extremely helpful in creation of the first sustainability statement. The CEO had a leading role which encompassed: supporting the Company in choosing the appropriate data points to be reported, advising the Company on how to calculate new ratios as well as writing the necessary descriptive disclosures. The statement included such topics like climate change, pollution, circular economy, own workforce, workforce in the value chain, consumers and end-users as well as ethics in business. On top of the above, WM Advisory Sp. z o.o. was responsible for greenhouse gas emissions calculation methodology (Scope 1- to 3) and sustainable taxonomy methodology. WM Advisory Sp. z o.o. also translated the sustainability statement into Polish and was responsible for the graphical design of the statement as well."

"We are very satisfied with the cooperation with WM Advisory Sp. z o.o. which encompassed preparation for Archicom S.A. of a new template for the Management Report on Operations and a new template for quarterly presentation for investors and analysts. The created Report template presented our strengths and real estate constructed in a fresh way. Additionally, WM Advisory proposed a number of solutions to increase the usefulness of our report for financial readers, concerning data presentation, content of descriptions and comments as well as text division. It was valuable for us that the proposed new presentation template was based on the CEO’s experience as equity analyst as well as discussions with representatives of both institutional financial investors and sell-side analysts. The project was a success."

„Our collaboration initiated when we were searching for support in valuation of a complex financial instrument and its presentation and description to capital market participants. Within the scope of the project WM Advisory conducted an analysis of the financial instrument and the transaction it was related to, verified the model prepared by our Company as well as proposed own approach to valuation. WM Advisory also supported us in discussions with the auditor.”

"The strategic analysis of the Company's position, its risks and opportunities, as well as the method of communication with internal and external recipients, carried out by WM Advisory, provided us with many valuable tips, the implementation of which we have already initiated. One of the analysed elements were controlling and financial materials used in internal and external communication. The goal behind creating new materials was to improve communication by increasing understanding of financial information provided by controlling to business departments. It has been achieved."

"We have initiated our cooperation with WM Advisory after participation in storytelling workshops run by the CEO for listed companies. The created template for new quarterly presentation was transparent, logical and visually attractive. It contained new graphic solutions that in an interesting way conveyed information about the Company, presented its achievements and plans for the upcoming quarters. The proposed new template took into account both our preferences and expectations of investors and analysts, and therefore was positively received by capital market participants. Positive experiences from cooperation during the quarterly presentation prompted us to entrust WM Advisory Sp. z o.o. with the project of refreshing of our annual report template. In this case, we were also impressed by the professionalism and individual approach. I highly recommend working with WM Advisory and appreciate the added value and effort made."

"We are very satisfied with the cooperation with WM Advisory in the field of consultancy on the project of preparing a new template for the quarterly presentation of CCC S.A. for investors and analysts.
The new template created allowed us to improve the structure and range of information provided. The new template has been favourably received by capital market participants. Since that moment we have been successful developing the template over the past quarters. WM Advisory showed initiative and creativity during our cooperation as well as understanding of parties on both sides."

"We are very pleased with cooperation with WM Advisory Sp. z o.o. which we hired at an important moment of change in the investor relations department to support the work of the department, increase recognition and understanding of the Group's business model and increase market valuation. The action plan for communication with capital market participants proposed reflected both the expectations of institutional investors and analysts, the Company's Management Board and the dynamically changing macroeconomic and situation in the sector. Prompt communication, ongoing feedback and understanding of our needs meant that projects were completed on time, even during non-standard working hours. We are satisfied with the final result and appreciate the professionalism, added value and effort put in."

"WM Advisory prepared us a valuation model for our subsidiary which presented our business model, profit or loss statement, balance sheet as well as cash flow statement. Additionally, the model also included financial forecasts for the following years, incorporating our strategic actions planned. WM Advisory was an important support for us in the process of introduction of monthly reporting, made public to the capital markets in the form of current reports. We appreciate WM Advisory professionalism, customised approach and diligence showed during the projects’ conduct despite time pressure."

„We were searching for a person who would support us in creating an industry report related to electromobility. The prepared graphical lay-out was very attractive, transparent for the readers and consistent with innogy Polska corporate identity. The report was very well received during the Economic Forum in Krynica and helped in strengthening the positive image of innogy Polska. While handling the tasks, WM Advisory showed sizeable involvement and elasticity and were available in non-standard hours.”

"It is with great admiration and confidence that I recommend Ms Milena Olszewska-Miszuris, the CEO of WM Advisory Sp. z o.o. for any academic, professional, or leadership opportunity. Milena has consistently demonstrated excellence as a lecturer, program developer, and thought leader within the university setting and across society. Her contributions over the past several years have not only elevated the quality of education but have also shaped the strategic direction of postgraduate education. Her entrepreneurial spirit is evident in her successful co-launch of two postgraduate programs “Sustainable finance and ESG” as well as “Professional supervisory board”, both of which have become flagship offerings within the university. Milena not only co-designed the curricula but also built strong academic and industry partnerships to ensure their long-term success."

“We really appreciate the more than eight-year-long cooperation with WM Advisory Sp. z o.o. who has been supporting LPP S.A. in running professional investor relations. An important advantage of cooperation with WM Advisory Sp. z o.o. is the understanding of the approach of capital market participants to the Company. By maintaining regular relations with representatives of institutional investors and equity analysts, WM Advisory Sp. z o.o. is able to advise LPP S.A. on an ongoing basis in terms of the presentation of our actions, their reception by capital market participants and support us in creating a high-quality, credible and useful narrative. It was of high importance for us at key moments, like opening the first stores in Western Europe, coping with the COVID-19 pandemics or selling our Russian operations. As a result, over the last few years LPP S.A. has been regularly awarded for the quality of investor relations and share price performance. We greatly appreciate the discretion and knowledge of Mrs. Milena Olszewska-Miszuris and I recommend cooperation with WM Advisory Sp. z o.o.”

“Personalities had the pleasure of cooperating with Milena Olszewska – Miszuris several times in terms of trainings. Topics proposed by Milena were of interest to my company's customers. Milena perfectly met the challenge of conducting interesting trainings for not defined and diverse audience of listeners – such is the specificity of open training. Milena possesses a great deal of knowledge and a real talent for presenting it in a clear and interesting form. Also, the materials (presentations) were prepared on time, at the highest level, primarily in terms of substantive content, they were also characterized by professional, clear and attractive graphics for the audience - and this is not an easy task, because the topics taken up as part of our trainings are difficult, niche, at an elevated level of advancement.”

"WM Advisory support in increasing the usefulness of the periodical reports published was of high value to us. The suggested changes in faces and additional explanations in notes, increased the Company’s transparency in the eyes of capital market participants. At the same time, we have expanded the MD&A part of the reports, incorporating the data needs of investors and analysts. I would also like to point to Milena’s practical knowledge of capital market mechanisms and experience in working as a sell-side analyst and cooperation with mutual and pension funds which was of high value to us."

"We are pleased to recommend cooperation with WM Advisory Sp. z o.o., which carried out a comprehensive double materiality study for our Capital Group and supported the Group in creating the first sustainability statement in accordance with the European Sustainability Reporting Standards (ESRS). We chose WM Advisory Sp. z o.o. due to previous long-term cooperation in non-financial reporting, as a result of which VRG S.A. Capital Group not only met legal requirements, but for years was one of the leaders in the ranking of climate crisis aware companies conducted by the Polish Association of Stock Listed Issuers. During the cooperation, WM Advisory Sp. z o.o. demonstrated not only extensive knowledge of CSRD requirements and ESRS standards, but also understanding the specifics of the retail sector. The report was reported on time and positively verified by an independent auditor who issued a clean opinion on the statement."

"The new quarterly presentation prepared by WM Advisory not only shows the Company in a favourable light, but what is of high importance to us, it outlines the business model of Wittchen Group in a clear and transparent manner which is easy to understand by capital market representatives. Additionally, the presentation contains a sizeable section on financial aspects of our business, outlining the key financial figures as well as analysis of segmental reporting, indebtedness and cash flows. Apart from usefulness, the new graphical design strengthens the positive aspects of our business model with its modern and light looks as well as favourably presents our product offer. Our analysts and investors also appreciate the one-pager created by WM Advisory, which is sent to them post the publication of the periodical report. This material presents the key quarterly numbers with the management’s commentary, so as to shorten the time it takes for investors and analysts to understand the numbers reported. Following WM Advisory’s suggestions, we have decide to organise a public quarterly presentation for all capital market participants, which proved a big success."