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Cyprus Stock Exchange Becomes Full Member Of World Federation Of Exchanges

Date 10/11/2005

The Cyprus Stock Exchange would like to inform investors that the 45th General Meeting of the World Federation of Exchanges held on Tuesday, November 1, 2005 in Bombay-India approved the application of the Stock Exchange for becoming a full member of the Federation.

It is noted that before taking this decision, the CSE participated in the World Federation of Exchanges as an associated member. The upgrading of the CSE participation is the result of a long effort in order to fulfil all requirements set by the Federation, while in 2004 and 2005 the Federation's officials proceeded to a number of on-the-spot audits to secure that the CSE fulfils all criteria and requirements.

The latest development is fairly positive for the CSE and proves that it has made positive steps in the past few years, in line with the international directives and practices as to its organization and operation.

The CSE was represented by the General Manager, Nontas Cl. Metaxas.