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FTSE Mondo Visione Exchanges Index:

Warsaw Exchange Announces A Quarterly Revision In The TechWIG Index

Date 11/03/2005

Following the trading session on March 18, 2005, there will be a quarterly revision concerning the TechWIG index.

As the result of the ranking, drawn up as of 28 February 2005, the composition of the TechWIG portfolio will be changed and companies TVN, BMPAG and COMP will be added to the index. Considering the statement of the Index Committee, the Management Board decided to exclude ELEKTRIM from the ranking of TechWIG index. Additionally, participation of individual companies’ share in the index portfolio: TPSA, PROKOM, NETIA and TVN will be limited to 15%.

There will be 32 companies in the index portfolio after changes.

The Warsaw Stock Exchange computes 12 different indices, including WIG20 (blue-chip companies), MIDWIG (mid-cap companies) and TechWIG (innovative technologies companies), which are underlying instruments for futures contracts. Other indices: WIG (main market companies), WIRR (small companies) and WIG-PL (main market domestic companies) are all-share benchmark indices.

All the WSE index selection criteria are based on free float, liquidity and observance of corporate governance.

Additional information concerning the WSE indices, their methodology, selection criteria and portfolio composition are available at www.wse.com.pl