Warsaw Stock Exchange Communiqué - Changes to WSE Articles of Association

On December 17, 1999 the WSE Extraordinary General Meeting of shareholders decided on raising the WSE share capital to the amount of PLN 42 million (previously PLN 21 million), through the increase of the nominal value of shares from PLN 350 to PLN 700. At the same time the meeting introduced changes to the WSE Articles of Association (Statutes) and approved changes to the Exchange Supervisory Board's Regulations. The above changes are yet subject to approval by the Polish Securities and Exchange Commission.