Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

Futures On Individual Stocks Traded On The Warsaw Stock Exchange

Date 23/01/2001

On January 22, 2001, new futures contracts- futures on stocks of Telekomunikacja Polska SA, Polski Koncern Naftowy ORLEN SA, Elektrim SA were launched on the Warsaw Stock Exchange. These are all actively traded and highly capitalised equities.

Contracts with three expiry dates, i.e. two nearest calendar months plus the nearest month from the March quarterly cycle will be available for trading. Currently expiry dates available for trading are February, March and June 2001.

On the first day a total of 43 contracts were traded in 33 transactions with the turnover value reaching PLN 1.1 million.

Stock futures expand the range of Exchange-traded derivatives, which currently includes index futures (WIG20 and TechWIG), currency futures (USD and Euro), as well as equity and index warrants.

More information regarding the Warsaw Stock Exchange, its new trading system and derivatives market is available on the Exchange web site under: www.wse.com.pl