Warsaw Stock Exchange Derivatives Market In March 2007

After the first quarter of 2007 the Warsaw Stock Exchange is on the fifth position concerning turnover volume on European index futures contracts,
WIG20 index futures contract is on the 9th position among futures on main European indices,
WIG20 index options is on the 12th position among options on the main European indices.

New Page 1

Table No 1
Volume of turnover in index futures on European exchanges (1Q 2006)

No	Exchange	Turnover volume (number of contracts)
No	Exchange	March 2007	1Q 2007
1	EUREX	50,139,632	94,569,872
2	Euronext.Liffe	10,449,584	22,551,396
3	OMX	3,188,654	7,893,264
4	SPAIN	1,085,166	2,686,621
5	*WSE*	*879,251*	*2,017,921*
6	ITALY	841,165	1,748,552
7	HUNGARY	371,800	1,069,209
8	NORWAY	450,050	863,339
9	GREECE	347,560	820,373
10	AUSTRIA	27,019	39,571
11	CZECH	960	1790

Source: FESE data

Table No 2

Volume of turnover in main index futures in Europe (1Q 2006)

No	Exchange	Index	Turnover volume (number of contracts)
No	Exchange	Index	March 2007	1Q 2007
1	EUREX	DJ E STOXX 50	40,488,982	75,756,026
2	EUREX	DAX	6,148,646	13,008,464
3	EURONEXT	CAC 40	4,525,694	10,588,940
4	EURONEXT	FTSE 100	4,132,911	7,831,437
5	OM	OMX	3,110,968	7,694,975
6	EUREX	SMI	2,351,611	4,009,622
7	EURONEXT	AEX	1,461,985	3,584,412
8	SPAIN	IBEX	805,225	2,056,808
9	*WSE*	*WIG20*	*877,791*	*2,014,115*
10	ITALY	MIB 30	620,679	1,259,610
11	HUNGARY	BUX	371,800	1,069,209
12	NORWAY	OBX	450,050	963,339
13	GREECE	ATHEX-20	331,064	773,444
14	EUREX	DJ STOXX 50	245,923	357,769
15	EURONEXT	BEL 20	57,677	159,505
16	EUREX	TecDAX	98,392	157,560
17	AUSTRIA	ATX	16,989	26,422
18	EURONEXT	PSI - 20	18,252	24,169

Source: Exchanges’ web sites

Table No 3

Volume of turnover in main index options in Europe (1Q 2006)

No	Exchange	Index	Turnover volume (number of contracts)
No	Exchange	Index	March 2007	1Q 2007
1	EUREX	DJ E STOXX 50	28,038,261	61,996,779
2	EUREX	DAX	8,192,865	19,537,240
3	EURONEXT	AEX	3,408,453	8,039,987
4	EURONEXT	FTSE 100	2,111,762	5,172,994
5	OM	OMX	1,858,251	4,464,004
6	EURONEXT	CAC40	944,723	2,303,306
7	EUREX	SMI	553,231	1,372,461
8	SPAIN	IBEX	515,609	1,263,754
9	ITALY	MIB 30	386,047	944,014
10	NORWAY	OBX	211,872	428,861
11	GREECE	ATHEX-20	66,408	162,615
12	*WSE*	*WIG20*	*40,549*	*98,121*
13	EURONEXT	BEL 20	21,827	49,751
14	EUREX	TecDAX	5,666	11,947
15	AUSTRIA	ATX	3,710	7,820

Source: Exchanges’ web sites