Ludwik Sobolewski, Warsaw Stock Exchange @ TMT.Ventures'09 Warsaw

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Ludwik Sobolewski, Warsaw Stock Exchange presentation from TMT.Ventures'09 Warsaw (http://tmtevents.eu by New Europe Events)

Text of Ludwik Sobolewski, Warsaw Stock Exchange @ TMT.Ventures'09 Warsaw

  • 1. WARSAW STOCK EXCHANGE- ENTREPRENEUR-FRIENDLY PARTNERFOR INNOVATIVE, FAST-GROWINGCE BUSINESSESDr. Ludwik Sobolewski, President & CEO TMT.Ventures09Warsaw March 5, 2009

2. SKYEUROPE WARIMPEX IMMOEAST SILVANO OLYMPIC BMP AG MOL AMREST CINEMA CITY PLAZA CENTER CEZ PEGAS NWR ASSECO ACE ASTARTAKERNEL C E D C ASBIS ORCO GROUP REINHOLD RONSON UNICREDIT ITALIANO ATLAS ESTATES BELVEDERE WSE INTERNATIONAL MARKET FOREIGN COMPANIES APPRECIATE WSE POTENTIAL WSE INTERNATIONAL MARKET 3. MAINTAINING AND STRENGTHENING INTEREST OF FOREIGN INVESTORS AND INTERMEDIARIES

  • SIGNIFICANTgrowth oftrading activity byremote members :
  • CONCORDE SECURITIES LTD (Hungary)
  • HQ Direct AB (Sweden)
  • WOOD & COMPANY FINANCIAL SERVICES (Czech Republic)
  • RAIFFEISEN CENTROBANK AG (Austria)
  • CREDIT SUISSE SECURITIES (EUROPE) LTD (UK)
  • JP MORGAN SECURITIES LTD (UK)
  • BAYERISCHE HYPO- UND VEREINSBANK AG (Germany)
  • UNICREDIT CAIB AG (Austria)
  • SOCIETE GENERALE (France)
  • HSBC Bank (UK)
  • CASHLINE SECURITIES (Hungary)
  • CYRRUS (Czech Republic)
  • NEONET SECURITIES (Sweden)
  • AS HANSAPANK (Estonia)
  • DEKABANK DEUTSCHE GIROZENTRALE (Germany)
  • FIO (Slovakia)
  • Goldman Sachs International (UK)

WSE INTERNATIONAL MARKET 4.

  • Altera Finance ( Ukraine )
  • Sokrat Capital ( Ukraine )
  • Millennium Capital ( Ukraine )
  • Aval-Brok (Ukraine)
  • Concorde Capital (Ukraine)
  • CJSC Fund of Industrial Development (Ukraine)
  • Financial and Analytical Group Pro-Consulting Ltd (Ukraine)
  • Financial Company UKRANET (Ukraine)
  • Hansapank ( Estonia and Baltic states )
  • WOOD & Company Financial Services ( Czech Republic )
  • Cyrrus a.s. (Czech Republic)
  • Uniter Investment Company (Belarus)
  • Priorbank JSC (Belarus)
  • INFIN Financial Services (Turkey)
  • Renaissance Securities (Cyprus)
  • US Finance Connect LLC (USA)
  • Silicon Hill Ventures LLC (USA)
  • Wedbush Morgan Securities (USA)

WIDE AND GROWING NETWORK OF BUSINESS PARTNERS WSE INTERNATIONAL MARKET 5. INVESTOR STRUCTURE WSE MAIN LISTEQUITY MARKET (1997-2008)

  • In 1H 2008 share of both foreign and domestic institutional investors in trading on equity market reached 41%, and individuals amounted to 18%;
  • In 2H 2008 foreign investors dominated (46%), followed by domestic institutions (37%) and phisical persons (17%);
  • In 2008 foreign investors were behind 43% equity turnover, institutions 39%, and phisical persons had 18% share;
  • phisical persons in 2008 generatedthe smallest share in equity turnover in the history of WSE survey

6. WSEAND NEW ISSUERS Source: WSE IPO MARKET 7. WSE MAIN LISTNUMBER OF DEBUTING COMPANIESAND OFFERINGS VALUESIPO MARKET 8. NUMBER OFLISTING SIn 2007the number oflisting s at WSEreached 105 (includingWSE M ainListand NewConnect market) . In 2008 -94 new companies were listed. Source: WSE IPO MARKET 9. IPO VALUE NEWLY LISTED COMPANIES* The value of public offeringsin 2007amounted almost toPLN 18.2 billion(EUR 4.8 bn). Thiswastherecord value in the history of WSE. MPLN Source: WSE * Excluding NewConnect market IPO MARKET Offer Value of Newly Listed Companiesincluding: Newly Issued Shares (capital increase) 10. INTERNATIONAL COMPARISON

  • WSE - one of the most active IPO markets in Europe in recent years
  • with high number and value of IPO
  • WSE no. 1 in terms of number IPOs
  • in 4Q 2008

Source: PWC; 2008 data IPO sON STOCK EXCHANGES IN EUROPEIN2008 (ALL MARKETS) IPO MARKET IPO MARKET - - Athens13 - - Wiener Boerse 12 - 1 Ireland (ISE) 11 292 1 Madrid (BME) 10 424 6 Switzerland 9 129 6 Borsa Italiana 8 330 12 Deutsche Boerse 7 63 13 Oslo 6 314 20 Luxembourg 5 208 26 OMX 4 2 501 65 NYSE-Euronext 3 2 502 94 Warsaw 2 8 884 99 London 1 Value of IPOs (EUR m.) No. of IPOs ExchangeNo. 11. WSE MAIN LIST (Regulated market)Non-regulated market WSE WSE MARKETS 28 Innovative, dynamically developing small-cap companies Large companies withgood track record 12. NEWCONNECT IN 2008

  • in 2008 both the number of companies and the turnover rose;
  • the average session equity turnover amounted to PLN 3.3 m.
  • at the end of 2008 on NewConnect 83 companies were listed and 1 foreign one;
  • the majority of companies on NewConnect are listed after private placement;

13. INVESTOR STRUCTURE NEWCONNECT

  • in 1H 2008 share of foreign investors amounted to 2%, domestic institutions 6%, and individuals 92%;
  • in 2H 2008 domestic institutions generated 8% of turnover, foreign investors 1% only, and phisical persons 91%;
  • in 2008 individual investors generated 92% of turnover, domestic institutions 6%, and foreign 2%;

14. WSE DEVELOPMENT STRATEGY- FROM LOCAL EMERGING MARKET TO A CEE REGIONAL CENTRE First foreign company

  • PROGRESSING INTERNATIONALISATION OF THE WSE
  • 2 5foreign companies
  • 1 7remote members
  • 18WSE IPO Partners
  • wide base offoreign investors

Oct2003 July 2005Nov2006Aug 2007Jul 20082009. First remote member First IPO Partner Launch of NewConnect WSE alternative marekt WSE becomes the largest exchange in the CEE region by market cap Project concerning development of debt and commodities market STRATEGIC GOALto be comea CEE regiona l centre 15. Warsaw Stock Exchange 4 Ksica Str. 00-498 Warsaw tel. +48 22 628 32 32, fax +48 22 628 17 54 e-mail: wse@wse.com.pl