Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

Warsaw Stock Exchange Announces An Extraordinary Adjustment In WIG, WIG-PL And WIG-Banking Indices Portfolios

Date 15/11/2004

Following the trading session on November 15, 2004, 322 547 000 shares of company PKOBP will join WIG and WIG-Banking indices, and 356 446 000 shares of PKOBP will join WIG-PL index.

The company was introduced to trading on November 10, 2004 and fulfils free float and liquidity criteria of above mentioned indices.

As a result of extraordinary adjustment, the participation of individual companies’ share in the WIG and WIG-PL will be recalculated: TPSA and PKN ORLEN will be limited to 10% and the banking sector to 30 %.

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