Vilnius Stock Exchange Trading Rules Have Been Changed

Changes to the Trading rules of the Vilnius Stock Exchange (VSE) related to the admission, annual listing and commission fees for transactions have been made and will come into effect on January 1, 2005.

The commission fees for share transactions will be reduced to 0.08% of the value per transaction. The current commission fees for transactions concluded with shares from the Official List amount to 0.1% and to 0.15% for transactions concluded with shares from the Current List. The maximum commission fee for negotiated deals will be reduced to LTL 7,500 (EUR 2,172.15).

Taking into account the experience of the Northern European and Baltic countries, a variable part of the annual listing fee will be introduced and will be equal to 0.02% of the company’s capitalization. However, it will not exceed the maximum of LTL 48,000 (EUR 13,901.76) and LTL 24,000 (EUR 6,950.88) for the companies from the Official and Current List companies, respectively.

In the light of attracting more corporate bonds to the VSE trading lists, admission and annual listing fees for those securities will be lowered considerably. The commission fees for transactions concluded with corporate bonds will decrease from 0.05% to 0.01% of the value per transaction. However, the commission fee for each party of the transaction will not exceed LTL 100 (EUR 28.96).

The English version of the changes to the current VSE Trading rules will be available on the VSE web-site at www.omxgroup.com/vilnius in January under section “Rules. VSE Trading rules”.