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Management Board Contracts Of CEE Stock Exchange Group Extended For Another Five Years

Date 29/03/2011

At today’s meeting of the supervisory board of CEESEG AG (CEE Stock Exchange Group), the decision was taken unanimously to prolong the contracts of the members of the management board Michael Buhl and Heinrich Schaller for a further period of office of five years, i.e., until June 2016.

The CEESEG AG is responsible for the strategic and financial management as well as the administration of the equity interests in the stock exchanges of Budapest, Prague and Ljubljana. The business has been managed since its inception in January 2010 jointly by Mr. Buhl and Mr. Schaller. The team also runs the business operations of Wiener Börse AG.

Friedrich Kadrnoska, chairman of the supervisory board of CEESEG AG welcomed the prolongation of the management mandate: “Michael Buhl and Heinrich Schaller have contributed enormously to the development of the exchanges in Eastern Europe over the past years, and with the establishment of the CEE Stock Exchange they have helped to lay an important foundation for the future. I am convinced that the team will continue to successfully shape the future of Central and Eastern Europe capital markets.“