National Stock Exchange Of Lithuania - Changes To The NSEL Trading Rules

Following the approval of amendments and supplements to the Trading Rules of the National Stock Exchange of Lithuania (NSEL) by the Lithuanian Securities Commission, the NSEL Management Board adopted and the NSEL Supervisory Board approved the following Enforcement Notes, related to the changes of the NSEL Trading Rules, becoming effective as of 1 February 2001:

Regarding payment and terms of the annual fee for quoting securities on the Official Trading List (Enforcement Note No. 85).

Regarding payment and terms of the annual fee for quoting securities on the Current Trading List (Enforcement Note No. 86).

Regarding the trading session course (Enforcement Note No. 87).

The main changes to the NSEL Trading Rules are:

time and duration of the trading session is changed (random time of the opening of the trading session: 9:25 -9.30 am, continuous trading: 10.00 am - 2.00 pm);
annual and entrance listing fees to the Official and Current Trading Lists are changed;
closing price of the share is the last traded share price;
closed auctions during the opening of the trading session are changed to open auctions;
a requirement pertaining to financial statements' preparation of the company to be included into Official Trading List is changed;
the contents of the Listing Particulars for the admission of the security to the Official Trading List are changed and made fully compliant with the European Union requirements;
LITIN-A index is stopped to be calculated;
closing price is used for calculation of the share indices and as a reference price for calculation of a price variation limits;
the NSEL bulletin will be issued once a month.