When you create an account with Ethika Global Consulting, is there a broker and services assigned to the customer? Manuel Nogueron Resalt: The client does not open with us, we are the managers. Customer opens the account with the broker and the broker with the Bank depositary. The customer has always personalized attention because the person, who has contacted him from Ethika Global Consulting, always can attend you from his mobile phone. But at the same time the broker has a service back office 24 h where you could make any questions at any time about anything you don’t understand. At the same time, the customer has an application on his mobile phone or computer where you can see 24 h a day what is happening with their money in a transparent manner, always. What volume of business does Ethika Global Consulting have? How much money does the company move? Manuel Nogueron Resalt: Depends on the months because there are months that we can do more business or less, but we are among the 1,500 and 2, 000 M€ in operations per month. What forecasts have you got for next year? Manuel Nogueron Resalt: We have an expansion plan through our network and we hope to double our capital in the next year and would double our turnover and operating at the market level. There are intentions of making an international expansion? Manuel Nogueron Resalt: Right now we are in process to open our own broker in London, which would allow us to have amplitude for access customers around the world. We also have some collaborative project in Asia but it is still in the beginning stages. But the idea is above all to develop this own broker where we will start to have much more control over the market and we will not have geographical limits. Do you think on possible investments in new offices of Ethika Global Consulting? Manuel Nogueron Resalt: Right now we have offices in Barcelona and Madrid, where we have a tiny office that’s only to serve our customers, and the idea in the future would be to have a larger representation at our office in Madrid, but at the international level, apart from what we have in London, we don't have any intention of doing more things. Objectives for the future? Manuel Nogueron Resalt: There are many dreams. We would like to create the first fund which will operate in foreign-exchange trading in the market. We have started to work on it but it’s complicated and we need the market to develop more in some geographical areas. And there are some more additional dreams of creating a club of Ethika Global Consulting where we would have headquarters, a small office, where our partners could meet and explain or comment between each other, including positions that are on the market. A kind of club where to talk about currency, but these are dreams still, maybe in the future we can achieve this.

1. The client does not open with us, we are the managers. Customer opens the account
with the broker and the broker with the Bank depositary. The customer has always
personalized attention because the person, who has contacted him from Ethika Global
Consulting, always can attend you from his mobile phone.
But at the same time the broker has a service back office 24 h where you could make any
questions at any time about anything you don’t understand.
At the same time, the customer has an application on his mobile phone or computer
where you can see 24 h a day what is happening with their money in a transparent
manner, always.
STRATEGIC CURRENCY MANAGEMENT
When you create an account with Ethika
Global Consulting, is there a broker and
services assigned to the customer?

2. Depends on the months because there are months that we can do more business or less,
but we are among the 1,500 and 2, 000 M€ in operations per month.
STRATEGIC CURRENCY MANAGEMENT
What volume of business does Ethika
Global Consulting have? How much
money does the company move?

3. We have an expansion plan through our network and we hope to double our capital in
the next year and would double our turnover and operating at the market level.
STRATEGIC CURRENCY MANAGEMENT
What forecasts have you got for next
year?

4. Right now we are in process to open our own broker in London, which would allow us to
have amplitude for access customers around the world. We also have some collaborative
project in Asia but it is still in the beginning stages. But the idea is above all to develop
this own broker where we will start to have much more control over the market and we
will not have geographical limits.
STRATEGIC CURRENCY MANAGEMENT
There are intentions of making an
international expansion?

5. Right now we have offices in Barcelona and Madrid, where we have a tiny office that’s
only to serve our customers, and the idea in the future would be to have a larger
representation at our office in Madrid, but at the international level, apart from what we
have in London, we don't have any intention of doing more things.
STRATEGIC CURRENCY MANAGEMENT
Do you think on possible investments in
new offices of Ethika Global Consulting?

6. There are many dreams. We would like to create the first fund which will operate in
foreign-exchange trading in the market. We have started to work on it but it’s
complicated and we need the market to develop more in some geographical areas.
And there are some more additional dreams of creating a club of Ethika Global
Consulting where we would have headquarters, a small office, where our partners could
meet and explain or comment between each other, including positions that are on the
market. A kind of club where to talk about currency, but these are dreams still, maybe in
the future we can achieve this.
STRATEGIC CURRENCY MANAGEMENT
Objectives for the future?