National Stock Exchange Of Lithuania Semi-Annual Financial Results For 2004

The pre-tax profit of the National Stock Exchange of Lithuania (NSEL) for the first six months of 2004 totalled EUR 302.65 thousand, compared to the result of EUR 54.45 thousand for the same period the year before. The total sales of the NSEL during the first six months of 2004 amounted EUR 742.88 thousand, which demonstrates a 67.32% increase from the same period of the previous year. As of 30 June 2004, the shareholders’ equity stood at EUR 1,839.38 thousand on 30 June 2004. The results for 2004 are unaudited.

“A substantial part of the sales of the NSEL came from tender offers for privatised companies during the first half of 2004. Usually, at the beginning of the year an information flow about companies increases, which encourages a more active securities turnover at the Stock Exchange. The fact that the market reacts to the companies’ news shows the market’s maturity,” said Dalia Jasulaityte, NSEL President.

“Our main targets for the second half of 2004 are further integration of the NSEL into the OMHEX group and creation of the joint Baltic market. The new Baltic-Nordic trading platform SAXESS will be adopted in Estonia and Latvia already at the end of September. We intend to join SAXESS in the first half of 2005 and preparation for this is our main challenge now” – stated Dalia Jasulaityte.

H1 2004 financial results of the NSEL parent company OMHEX are available at http://www.omhex.com