Warsaw Stock Exchange: Re-allocation of listed companies

On November 17, 2000, a new trading system – WARSET – was launched on the Warsaw Stock Exchange. Under this system all listed companies were initially divided into three separate quotation groups. The allocation was based on liquidity assessment: the most liquid shares were allocated to the continuous trading system, while the less liquid ones were to be traded either in the single-price system with auctions or one auction a day.

Starting from April 18, 2001, the single-price auction system with one auction only will not be used for stock quotations any more. Companies currently traded in this system will be re-allocated either to the two-auction system or continuous trading.

At the same time, three companies are to be moved from the continuous trading system to the single-price system with two auctions a day as of April 18, 2001.

This shall not apply however, if the above listed companies, which by 12 April 2001, will have met the conditions described in § 3. 4 letter a) or b) of Chapter 5 of the Detailed exchange trading rules.