New Timetable for Warsaw Stock Exchange Trading Session

Beginning August 2, 1999, the Warsaw Stock Exchange further extends its trading hours. Trading sessions will be held every business day from 10:00 (currently 11:00) until 16:00. The single-price auction will take place at 10:30 (currently 11:30), followed by post-auction trading until 11:15 (currently 12:15). Continuous trading will start at 12:00 (currently 13:00) and end at 16:00. The trading timetable for the derivatives market will also change. Futures contracts will trade from 10:45 (currently 11:45) to 16:00. Warrants will be traded from 12:00 (currently 13:00) to 16:00.