BT has signed an agreement to acquire BRD's entire pension administration business (pillars 2 and 3). The acquisition is being carried out in 2 stages: Stage 1 - BT Pensii takes over the BRD Medio Pillar 3 pension fund Stage 2 - BT becomes the majority shareholder of BRD Pensii, which only manages Pillar 2. The two stages do not run in parallel, but sequentially - once Stage 1 is complete, Stage 2 begins. Each of the above stages is subject to authorization processes by the competent authorities. As of April 26, 2025, BT Pensions became the administrator of BRD Medio, and it changed its name to Pensia Mea Plus, effectively completing Stage 1 above. Regarding the pillar 2 mandatory private mandatory pension fund managed by BRD Pensii, it will remain under the administration of BRD Pensii, until it obtains the authorizations from the regulatory authorities.