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Fact Book 20132012 DataOfficial publication of the Warsaw Stock Exchange© Copyright by Warsaw Stock Exchange, March 2013Książęca 4, 00-498 Warsaw, PolandInternet: www.wse.com.plE-mail: wse@wse.com.plCover design by: Art Group Sp. z o.o.Typesetting: BaddogISSN 1428-1171Every effort has been made to ensure that the details contained in this publication are accurate.However, the Warsaw Stock Exchange assumes no responsibility for any errors or omissions.This publication is for information purposes only and is not intended as an offer or a solicitationwith respect to any product described herein.


The Warsaw Stock Exchange Fact Book 2013 contains information aboutthe organisation and operation of the Exchange, key events and statisticaldata for the year 2012, data sets for previous years as well as informationabout listed instruments and WSE members. The first section bringsinformation on the regulated WSE market whereas subsequent sectionsare devoted to the NewConnect market and Catalyst, the WSE’s market fordebt instruments.This annual Fact Book will be a useful reference for both individual andinstitutional investors, journalists, those working for financial institutions,as well as students and anyone interested in the capital market in Poland.The Fact Book has been prepared according to the same blueprint for manyyears, helping users to find and compare the required information.As a periodical publication, the Fact Book is designed to help Readers trackchanges on the Polish capital market and gain a better insight into the roleof the Warsaw Stock Exchange in Poland’s economy.The Warsaw Stock Exchange


ContentsThe Polish Capital Market ....................................................................................................... 7The Warsaw Stock Exchange ................................................................................................ 9The International Status of the WSE ................................................................................... 15Important Events in 2013 ..................................................................................................... 17WSE MAIN MARKET............................................................................................................. 192012 on the WSE Main Market ....................................................................................... 21Companies ...................................................................................................................... 23Foreign companies in 2012 ............................................................................................ 78Structured Products ........................................................................................................ 84Investment Certificates ................................................................................................... 86ETFs ................................................................................................................................. 87Option Warrants .............................................................................................................. 88Short Selling ................................................................................................................... 89WSE Indices .................................................................................................................... 90Investors ........................................................................................................................ 137WSE Listing Process – Regulated Market .................................................................... 140WSE Partner Programmes ............................................................................................ 149WSE Members .............................................................................................................. 154Organisation of Trading ................................................................................................ 162Electronic Distribution of Market Data ......................................................................... 176Listed Companies ......................................................................................................... 179The Derivatives Market ............................................................................................... 189Important events on the derivatives market in 2012 ................................................... 191Futures .......................................................................................................................... 192WIG20 options .............................................................................................................. 198MiniWIG20 – index participation units ........................................................................ 200NewConnect....................................................................................................................... 203Information about NewConnect ................................................................................... 2052012 on NewConnect ................................................................................................... 207Companies .................................................................................................................... 208Investors ........................................................................................................................ 258NewConnect Indices ..................................................................................................... 259Trading Rules ................................................................................................................ 271NewConnect Members ................................................................................................. 276Market Animator/Market Maker ................................................................................... 278Authorised Advisers on NewConnect ......................................................................... 279Mandatory Disclosures ................................................................................................. 282Distribution of NewConnect data ................................................................................. 282Listed Companies ......................................................................................................... 285Catalyst............................................................................................................................... 295Information about CATALYST ...................................................................................... 2972012 on Catalyst ........................................................................................................... 298Instruments listed on Catalyst ...................................................................................... 299Catalyst Trading Rules .................................................................................................. 342Listing on Catalyst ........................................................................................................ 348Catalyst participants ..................................................................................................... 349Authorised Advisers on Catalyst .................................................................................. 354The Catalyst Strategic Partner Programme ................................................................. 354Mandatory disclosures for Catalyst issuers ................................................................. 355Distribution of Catalyst information ............................................................................. 355List of Catalyst Issuers .................................................................................................. 356


WSE Energy Market............................................................................................................ 358WSE Energy Market in 2012 ......................................................................................... 359Market Participants ....................................................................................................... 360The History of the Warsaw Stock Exchange 1991-2012 ................................................... 361Exchange Holidays in 2013 ................................................................................................ 368Adresses ............................................................................................................................. 369


Warsaw Stock ExchangeThe Polish Capital MarketThe main institutions of the Polish capitalmarket are: the Warsaw Stock Exchange(WSE), which organises the trading in financialinstruments, the National Depository forSecurities (NDS), which handles the clearingand settlement of transactions, processescorporate actions and provides safekeepingof financial instruments, and, thirdly, brokeragehouses, which serve as intermediaries intransactions. Supervision over the market iseffected by the Polish Financial SupervisionAuthority (PFSA).The National Depository for Securities (NDS)was established in 1991 as an integral part ofthe Warsaw Stock Exchange. On 7 November1994 the Depository became an independentinstitution operating as a joint stockcompany. As a central institution, the NDS isresponsible for the management and supervisionof the depository and clearing systemin relation to operations in financial instrumentsin Poland, based on the best globalpractices, including the principle of full dematerialisationof securities. The NDS also providesa number of services for issuers, i.e. intermediaryservices in dividend payments toshareholders, share assimilation, exchange,conversion and splits as well as execution ofpre-emptive rights.Another important role of the National Depositoryfor Securities is to establish operationallinks in order to clear transactionsrelating to foreign companies listed on theWSE under a dual listing arrangement. TheNDS maintains 19 operational links with foreigndepository institutions. Through thoselinks, foreign companies from the followingcountries can be listed on the WSE: Austria,Bulgaria, Canada, Czech Republic, Estonia,France, Germany, Hungary, Italy, Lithuania,Latvia, Romania, Slovakia, Sweden, UnitedKingdom and the USA.In July 2011, the National Depository for Securitiesdelegated some responsibilities toKDPW_CCP. Those responsibilities were relatedto settlement of transactions concludedon the regulated market and in the AlternativeTrading System as well as settlement liquidityguarantees. The NDS retained responsibilitiesrelated to clearing of transactions and acentral depository of securities. By introducingthis change the NDS complied with internationalstandards and significantly improvedcompetitiveness of the Polish capital market.KDPW_CCP runs transaction settlements usingmechanisms that allow the systemic reductionof the risk of parties’ default undertransactions.The clearing house engages into guaranteeingand settling transactions on the cash marketand derivatives market on the regulatedmarket and under the Alternative TradingSystem (ATS) as well as transactions madeoutside the organised trading system (OTCtransactions). Transactions accepted for settlementat KDPW_CCP undergo novation,which means that KDPW_CCP becomes thebuyer for each seller, and a seller for eachbuyer under a transaction (central counterparty).The regulated OTC market, mostly handlingwholesale transactions, is organisedby BondSpot, which engages in wholesaletrading in treasury bonds and bills withinTreasury BondSpot Poland, and in trading inmunicipal, corporate and mortgage bondswithin the regulated OTC market and ATS,both of which are part of Catalyst.The capital market is supervised by the PolishFinancial Supervision Authority (PFSA). Thissupervision covers, among others, the WarsawStock Exchange, the National Depositoryfor Securities, investment companies, insurancecompanies, investment funds, brokers,investment advisors and issuers of WSE-7


Fact Book 2013listed financial instruments. This supervisionover the capital market is intended to ensureuniversal access to reliable information onthe securities market and observance of fairtrading and competition rules by entities operatingin that market. The PFSA works withgovernment agencies, the National Bank ofPoland as well as capital market institutionsand participants. The PFSA’s responsibilitiesalso include the drafting of legal acts concerningthe capital market and disseminatingknowledge about that market.Each of these acts addresses one of themain three aspects of capital market operations:the primary market, secondarytrading and market supervision. Statutoryregulations conform with the standards ofthe Single European Financial Market, as definedin directives and regulations issued bythe European Parliament, the Council andthe European Commission.Legal regulationsThe capital market in Poland is regulated, inparticular, by the following legal acts: Act on Public Offering, Conditions Governingthe Introduction of Financial Instrumentsto Organised Trading, and onPublic Companies; Act on Trading in Financial Instruments; Act on Capital Market Supervisionas well as secondary legislation related tothose acts.Participants Structure of of the the Polish capital capital market marketPOLISH FINANCIAL SUPERVISION AUTHORITYNational Depositoryfor SecuritiesKDPW_CCPWarsawStockExchangeClearingBank(NBP)InstitutionalInvestorsBrokerageHousesIssuersIndividualInvestorsBondSpot SA8


Warsaw Stock ExchangeThe Warsaw Stock ExchangeThe Warsaw Stock Exchange began its operationsin 1991. The responsibility of theWarsaw Stock Exchange (WSE) is to organisepublic trading in financial instruments,to promote such trading and to disseminatemarket information. The Exchange also organisesan alternative trading system outsidethe regulated market.The WSE is among the fastest growing exchangesamong European regulated marketsand alternative markets regulated bystock exchanges, and also the largest stockexchange in Central and Eastern Europe.The legal foundations of WSE operations:• Polish Code of Commercial Companiesand Partnerships,• Act on Trading in Financial Instruments,• Act on Public Offering, ConditionsGoverning the Introduction of FinancialInstruments to Organised Trading, andon Public Companies,• WSE Articles of Association,• WSE Rules.expanding the range of products offeredto investors and issuers, by seeking newcompanies and intermediaries, by improvingthe organisation, technologies and legalframework of the capital market. The WSEpursues a growth strategy aimed at enhancingthe appeal and competitiveness of thePolish market on the international arena andto enhance its position as a regional financialhub.On 5 December 2011 the ManagementBoard of the WSE adopted a decision to issuebonds on the public market. The WSEissued 1.7 million bearer bonds, A series,with a total nominal value of PLN 170 million,targeted at qualified investors. TheWSE also issued 750,000 bearer bonds,B series, with a total nominal value of PLN75 million, targeted at individual investors.Both series are listed on Catalyst, the WSE’smarket of debt instruments. The WSE usedthe funds raised through its bond issue tofinance the takeover of TGE (Polish PowerExchange).WSE as a public companyIn 1991 the WSE began its operations asa treasury-owned joint stock company. In2010 the Treasury effected a public offeringof WSE shares which attracted immense interestamong investors: more than 320,000individual investors subscribed to its sharesand there was also a very significant oversubscriptionrate among institutional investors.The Treasury sold a total of 26,786,530shares in the public offering, out of which8,035,959 shares were taken up by individualinvestors at the unit price of PLN 43whereas 18,750,571 were taken up by institutionalinvestors at the unit price of PLN 46.Starting from 9 November 2010 the WSEhas been listed in the WSE Main List. Theaim of the Warsaw Stock Exchange asa public company is to continue effortsaimed at raising its international profile by9


Fact Book 2013The WSE GroupAs of 31 December 2012, the WSE Groupcomprised the Warsaw Stock Exchange (aPolish joint stock company) as the parentcompany, and four subsidiaries. Moreover,the WSE held stakes in two affiliates.THE WARSAW STOCKEXCHANGESUBSIDIARIESAFFILIATESTowarowa Giełda Energii SA(100%)KDPW SA(33,33%)IRGiT SA(100%)KDPW_CCP SA(100%)Info GT Sp. z o.o.(under liquidation)(100%)Centrum Giełdowe SA(24,79%)BondSpot SA(92,47%)WSEInfoEngine SA(100%)Instytut Rynku KapitałowegoWSE Research SA(100%)The control over TGE and its subsidiarieswas assumed in February 2012 as a resultof the purchase of stakes in the share capitalof TGE in two tranches, respectively 80.33%and 7.67%. During subsequent months theWSE gradually increased its engagement inTGE, reaching 100% in December 2012.10


Warsaw Stock ExchangeGoverning Bodies of the WSEGeneral Meeting of ShareholdersThe General Meeting of Shareholders isthe highest governing body of the WarsawStock Exchange. All shareholders have theright to participate in the General Meetingwhich is empowered, among others,to amend the WSE Articles of Associationand elect members of the WSE SupervisoryBoard.Supervisory BoardThe Supervisory Board oversees the operationof the Warsaw Stock Exchange andconsists of 5 to 7 members. The SupervisoryBoard holds its meetings at least once inthree months. Its members are elected for ajoint term office which lasts 3 years.WSE Supervisory Board(as at end of 2012)Management BoardThe Management Board coordinates dayto-dayoperations of the Warsaw StockExchange, admits securities to trading anddefines related procedures, admits WSEmembers to stock exchange activities andsupervises the trading activities of brokersand brokerage houses. The ManagementBoard consists of 3 to 5 members and isheaded by the President.WSE Management Board(as at 31 December 2012)Adam MACIEJEWSKI – Vice-President, actingPresident of the Management BoardLidia ADAMSKA – MemberBeata JAROSZ – MemberLudwik SOBOLEWSKI – President, suspendedin his duties under a decision of the SupervisoryBoard.Leszek PAWŁOWICZ – ChairmanMarek WIERZBOWSKI – Vice-ChairmanPaweł GRANIEWSKI – delegated by theSupervisory Board to act temporarily as aMember of the Management Board of theWSESławomir KRUPAJacek LEWANDOWSKISebastian SKUZAMarek SŁOMSKI11


Fact Book 2013Participation in internationalorganisationsThe Warsaw Stock Exchange is a memberof international professional organisations.Since October 1994, the WSE has beena full member of the World Federation ofExchanges (WFE), an organisation whichbrings together all major exchanges worldwide.Within this organisation the WSE cooperateswith exchanges from other countriesin the implementation and unificationof standards. As the first exchange fromCentral and Eastern Europe, the WSE wasgranted Designated Offshore SecuritiesMarket status by the United States Securitiesand Exchange Commission in May1997. This status confirmed the position ofthe WSE as a well-regulated capital marketwhich meets standards recognised in theUSA. Since 1992 the WSE has been workingjointly with the Federation of EuropeanSecurities Exchanges (FESE). In 1999, it becamean associate member of the Federation,gaining full membership in June 2004.WSE marketsAt the end of 2012, the Warsaw Stock Exchangeconducted trading in financial instrumentson the following markets:• NewConnect is a market organised andmaintained by the WSE as an alternativetrading system. It was designed forstart-ups and developing companies.NewConnect was launched on 30 August2007. Instruments which may be tradedunder this alternative trading system includeequities, rights to shares, pre-emptiverights, depositary receipts, as well asother equity-based instruments.• Catalyst is a debt instruments marketfor municipal, corporate, co-operative,treasury and mortgage bonds. Foundedon 30 September 2009, it consists of twotrading platforms organised by the WSEas a regulated market and as an alternativetrading system (ATS) and two analogousmarkets operated by BondSpot.• Poee WSE Energy Market was launchedon 11 December 2010. Poee is a transactionplatform for energy deals andenergy-related futures for all categoriesof players on the energy market.On 1 April 2013 the WSE will discontinuethe organisation of commodities trading.According to the strategy pursued by theWSE Group, the commodities trading,i.e. energy trading, will be concentratedat TGE, a WSE Group company.• The Main List has been in operationsince 16 April 1991 when the WSE beganits operations for the first time. This is aregulated market, supervised by the PolishFinancial Supervision Authority. Thefollowing securities and financial instrumentsare traded here: equities, bonds,pre-emptive rights, rights to shares, investmentcertificates, structured instruments,ETFs, stock warrants and derivatives,i.e. futures contracts, options andindex participation units.12


Warsaw Stock ExchangeWSE markets (as at end of 2012)Warsaw Stock ExchangeMAIN LIST(Regulated)NEW CONNECT(Alternative Trading System)CATALYSTWSE and BondSpotMarket of Debt Instruments(Regulated + Alternative Trading System)WSE Energy MarketMAINPARALLELRegulatory and supervisorypowers of the WSEUnder the Act on Trading in Financial Instruments,the WSE defines, in its Rules, areassuch as the criteria and condition for admissionto trading on its markets, the rules of tradingin financial instruments as well as issuers’ disclosureson the market which is not the officialquotations market. The WSE Rules also definethe eligibility criteria for WSE membership. Thespecific rules of trading, the order placementand transaction regime are defined in the DetailedRules Exchange Trading Rules. Thosedocuments are available from www.gpw.pl.The Warsaw Stock Exchange supervises theperformance of obligations by issuers andWSE members, as defined in the WSE Rules.Failure to adhere to those obligations may besubject to a penalty defined in the Rules.As the organiser of the Alternative Trading System,the WSE defines the rules of operationunder the ATS in the Rules of the AlternativeTrading System. Those Rules apply to the tradingin equities on NewConnect and to tradingin debt instruments on Catalyst.The legal regulations of the WSE are constantlyreviewed from the perspective of trading practices,improvement of standards, security oftrading and suggestions put forward by marketparticipants.Stock market informationDissemination of market information is amongthe key responsibilities of the Warsaw StockExchange. Stock market information is distributedmainly through electronic channels.Information is made available through commercialand public services. Distributors thathave signed a relevant agreement with theWSE are provided with market information ona commercial basis, receiving data in real timevia satellite. Distributors then forward the datato other groups of recipients such as individualinvestors or financial institutions.Apart from paid-for commercial services, availablethrough data vendors, brokerage houses,internet portals or mobile operators, investorscan also access the WSE’s market informationfree of charge: via websites of particular markets,specialised content sites or Teletext frompublic television (TVP). However, the coverageoffered by public sources is limited and providedwith some delay. The WSE also publishesCeduła, an official daily electronic bulletin featuringquotations and market indicators.More information on data distribution fromWSE-operated markets can be found on pages174, 279 and 351.13


Fact Book 2013Promotion and marketingAlongside its organisational and supervisoryfunctions, as well as work on systematic marketdevelopment, the responsibilities of theWSE include promotion and education. TheWSE engages in such activities through a varietyof channels, targeting key stakeholders,both domestic and international, such as investors,potential and listed issuers as well asintermediaries.The WSE engages in marketing and promotionalactivities in Poland and in other countries.Some of those efforts are direct, involving clientsand market participants, while others areindirect and are conducted through a networkof business partners and contributors.Each year numerous conferences, seminarsand training sessions are held at the WSEheadquarters. Targeted at investors, potentialissuers, financial intermediaries. the media etc.,those events are designed to present the WSEproducts, attract new issuers and investors, improvethe standards of information exchangebetween issuers and investors, and enhancethe corporate governance and corporate socialresponsibility standards in listed companies.Key events promoting the WSE and thePolish capital market in 201221 March – Representatives of the Polish businesscommunity met with the Ukrainian PrimeMinister Mykola Azarov in the headquarters ofthe Warsaw Stock Exchange. The visit of theUkrainian Prime Minister provided an opportunityto discuss the economic relations betweenthe two countries, collaboration between Polishand Ukrainian business and growth opportunitiesoffered by the WSE for Ukrainianenterprises.30–31 May – Warsaw hosted the second editionof the ‘CEE IPO Summit’. The guests of thesummit, i.e. potential issuers and global investors,took part in panel discussions focusing onEurope’s economic dilemmas, investments inCentral and Eastern Europe, and the positionof the Warsaw bourse on the map of Europeancapital markets.31 August – On the 5th anniversary of theNewConnect, Warsaw hosted the NewConnectConvention/Catalyst Bond Congress, a meetingof communities associated with the two markets,organised in a different city each year (sofar in Łódź, Poznań, Wrocław and Gdańsk). TheCongress comprised a conference and a fair.September – The Treasury Ministry launchedthe second edition of its educational campaignentitled ‘Shareholder Democracy. Informed Investments’(PL title: Akcjonariat Obywatelski.Inwestuj świadomie). The campaign is targetedat individual investors. Participants are invitedto take part in free workshops facilitated by professionalsthroughout Poland and make use ofonline knowledge resources at www.AkcjonariatObywatelski.pl.The WSE is a partner of thecampaign.4 October – The WSE and UniCredit CAIB Poland,in collaboration with the Treasury Ministry,the Polish Embassy in Rome and the PromosChamber of Commerce in Milan, organised aconference entitled ‘Poland – a World of NewFinancial Opportunities at Your Fingertips.’ Theconference, held in Milan, aimed to give Italianinvestors a picture of the potential of the Polishcapital market as well as opportunities arisingfrom the privatisation plan developed by thePolish government for 2012–2013.11 October – The Capital Market Day was heldunder the auspices of the Warsaw Stock Exchange.This initiative aims to provide individualinvestors with an opportunity to liaise faceto-facewith companies and give companies aplatform to present their business.6 December – The WSE headquarters hostedthe 5th edition of ‘Warsaw Economic Hub’ (previously:‘Warsaw – CEE Financial Hub’). Thisinternational conference was co-organised bythe WSE, International Herald Tribune and TheWarsaw Voice. The topics included the potentialof Poland’s economy and of Warsaw as theregional business hub. Investors and entrepreneursfrom Europe and the world receivedup-to-date information on Poland’s regional,European and global role and on its modern,growing economy.14


Warsaw Stock ExchangeThe International Status of the WSEThe Warsaw Stock Exchange is the largest exchangeof financial instruments in Central andEastern Europe, and one of the most dynamicallygrowing European markets. By undertakingintensive efforts to enhance internationalgrowth, the WSE has steadily reinforced itsposition not just in its region but on the entirecontinent as well. The international status ofthe WSE is reflected in foreign companies listedon its markets, high engagement of foreigninvestors, participation of remote membersand foreign business partners.A comparison with other European exchangesin 2012 indicates that the WSE has increasedits advantage over other exchanges of the region.In terms of the number of IPO in 2012,the WSE came first again, not only in the regionbut also in Europe. The WSE earned thisposition thanks to its 105 IPO on both equitiesmarkets. In terms of the value of IPO (EUR 739million), the WSE took the 5th position in Europe.For a number of years now, the WSE hasmaintained the best position in the region, alsoin terms of the number of traded instruments,turnover and capitalisation of listed companies.Issuers listed on WSE markets represent 51%of companies from the region’s exchanges.Their share in equities trading in Central andEastern Europe has gone up to 54.2%.Liczba debiutów na giełdach europejskich w roku 2012 (rynek podstawowy + ASO)Number of IPOs on European markets in 2012 (regulated and alternative markets)250200150100105805025 19 17 7 5 4 40WSELSEGroupDeutscheBörseEuronextOMXLuxembourgSEBME(SpanishExchanges)OsloBørsSIXSwissSource: IPO Watch Europe Report, 1-4, 2012.WSELSE Group15


Fact Book 2013Foreign companiesThe WSE’s strategy to attract companiesfrom the region has systematically bornefruit. Throughout 2012 a total of 6 newcompanies from outside Poland arrived onthe Warsaw trading floor (4 on the MainList and 2 on NewConnect). At the end of2012 a total of 51 foreign companies werelisted on both equities markets (43 on theMain List and 8 on NewConnect), with a totalcapitalisation of nearly PLN 211 billion.Among them, the largest number camefrom Ukraine and the Czech Republic.Derivatives marketThe WSE is the only stock exchange inCentral and Eastern Europe to attract investorswith a well-developed market of derivativesand structured products. In 2012 theWSE again was among European leaderswith regard to derivatives. As in previousyears, index-based futures attracted mostinterest. As in the preceding three years,WSE came 4th in Europe in 2012 in termstrading volume for this type of futures.Wolumen obrotu kontraktami terminowymi na indeksy w 2012r.Index-based futures trading volume in 2012 (in million)400383.610084.25032.609.0 7.2 5.9 5.0 2.2EUREXEuronextLiffeNASDAQOMXNordicSource: IPO Watch Europe Report, 1-4, 2012.WSEBME(SpanishExchanges)BorsaItalianaOsloBørsAthensExchangeForeign investorsAs in 2011, foreign investors strongly dominatedthe Main List in 2012, accounting for48% of trading on that market.Among foreign brokers, the largest groupin H1 and H2 came from the United Kingdom,followed by French institutions.16


Warsaw Stock ExchangeImportant Events in 2013A high number of IPOs2012 brought a record number of IPOs tothe WSE again. 105 new issuers on its twoequities markets assured European leadershipfor the WSE in terms of IPOs and a fifthposition in terms of the value of IPOs. 40%of all European IPOs in 2012 took place onthe Warsaw trading floor.89 out of 105 IPOs took place on NewConnect,the most dynamically growing alternativemarket in Europe. At the end of 2012,a total of 429 companies were listed there.Catalyst, the WSE debt market, also developedrobustly during 2012. The number ofissuers leapt to 156, and the value of issuesgrew by 30.9%, reaching a record mark ofPLN 52.3 billion.Expanded range of WSE’sproducts and servicesThe Warsaw Stock Exchange gives investorsan opportunity to trade in a broad arrayof financial instruments which are alsotraded on global markets. Investors maychoose from global indices, precious metalsand agricultural produce.In September, 237 structured products wereadded to the range, among them: turbo certificates,trackers, WIG20 warrants and, as anew arrival on the WSE, factor certificateswhich enable commodities investmentswith a fixed leverage (gold, silver, oil, sugar,wheat and corn), as well as stock exchangeindices (EURO, STOXX50, WIG20 and DAX).In April 2012 an opportunity to place crossorders was offered. Cross orders supplementthe entire range of orders and arelikely to drive the trading volume on theWSE. Cross orders are intended for WSEmembers, enabling transactions betweendifferent customers of a particular WSEmember or between a WSE member and itscustomer. Those orders are a format fallingbetween orders underlying the session tradingand orders underlying block trades.New indicesIn 2012, two new indices were added to thelist of WSE ratios.Starting from May 2012, the WSE has beencalculating WIG-CEE, which was introducedin response to the growing number of issuersfrom Central and Eastern Europe, andas an element of the WSE’s strategy to reinforceits position in the region. After WIG-Poland and WIG-Ukraine, WIG-CEE is thethird index based on the criterion of the issuer’scountry of origin.On 3 December 2012 the WSE launchedWIG20TR. The composition of this indexcorresponds with the WIG20 portfoliobut, unlike WIG20, which is a price index,WIG20TR is calculated on the basis of yieldfrom shares (dividends and pre-emptiverights). For this reason, it is WIG20TR thatshould be viewed as the main point of referenceto assess investments in the largestlisted companies.Takeover of the Polish PowerExchange (TGE)In February 2012 the WSE acquired sharesin TGE in two tranches, 80.33% and 7.67%respectively, thus gaining control over TGEand its subsidiaries. Following subsequenttransactions, the WSE’s stake in TGE stoodat 100% as of 31 December 2012.The takeover of TGE by the WSE was animportant step for the development andconsolidation of trading in commodities andcommodity-based financial instruments.17


Fact Book 2013Work on the new transactionsystem2012 saw intensive work on the new transactionsystem, planned for launch on 15 April2013. The Universal Trading Platform (UTP)raises the technology at the WSE to anotherlevel. In comparison with the previous Warsetsystem, UTP is much faster, more efficientand has a much higher capacity which,in practice, enables the processing of a muchgreater number of orders (20,000 orders persecond, vs. slightly over 300 under Warset).With the arrival of UTP, the Polish stock marketwill operate under a system which meetsworld-class standards, guaranteeing the organisationof trading in line with the ever increasingexpectations of market participants,and with global trends. By joining the NewYork, Paris, Lisbon or Amsterdam exchanges,all of which use the UTP, the WarsawStock Exchange enters the network of globalstock markets operating with state-of-the-artsolutions.18


WSEMAIN MARKET


Fact Book 2013The stock market situation in 2012 can besubdivided into two periods. Between theyear beginning and end of May, the value ofWIG, the main WSE index, rose from 38 thousandto 42 thousand points, then droppingto 37 thousand. Between the start of Juneand the end of the year, WIG systematicallywent through subsequent peaks, closing theyear at nearly 48 thousand points (slightlylower than at the start of 2011). Overall, WIGgained 27.3% between the end of May andend of December. However, this increase inWIG value was not matched by an increase inequities trading. Investors viewed this trendas transient, which is why the balance of equitiestrading in H2 was slightly lower than inthe first six months of 2012.Foreign investors maintained their leadingposition in equities trading (with a share ofapprox. 48%), and they were followed bydomestic financial institutions (34%) and individualinvestors (18%, i.e. the same as in2011). UK brokers prevail among foreign investorswhereas investment funds and pensionfunds are the domestic leaders. At theend of the year, the number of investmentaccounts reached 1.5 million.In 2012 the WSE reinforced its status as theregional leader in terms of the number ofIPOs, the number of listed companies, themarket value of companies and the value ofequities trading, Throughout the year, thevalue of equities trading effected in Warsawrepresented a half of the figure for the entireCentral Europe, i.e. the markets in Bratislava,Budapest, Bucharest, Sophia, Ljubljana,Prague and Vienna.The WIG index in 201250 00045 00047 920.7519 Dec40 00035 00036 653.285 Jun30 000JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember22


WSE Main ListCompaniesMarket segmentsShares of all listed companies on the regulatedmarket are classified into one of thefollowing 4 segments: MINUS 5, 5 PLUS, 50PLUS or 250 PLUS. Companies are classifiedinto MINUS 5, 5 PLUS, 50 PLUS or 250 PLUSaccording to their capitalisation. Capitalisationis calculated as the arithmetic mean of a company’scapitalization for the last three months:• The MINUS 5 segment includes shares ofcompanies with capitalisation up to EUR5 million;• The 5 PLUS segment includes shares ofcompanies with capitalisation of EUR 5 to50 million;• The 50 PLUS segment includes shares ofcompanies with capitalisation of EUR 50to 250 million;• The 250 PLUS segment includes shares ofcompanies with capitalisation over EUR250 million.Within the Liquidity Support Programme,listed companies are obligated to: enter into a contract with an Issuer’s MarketMaker under the general terms andconditions defined in the WSE Rules, run an investor relations section on theirown website: the scope of informationto be published as well as the manner ofpresentation is specified by the WSE, actively use the Investor Relations sectionat www.wseinfospace.eu.Lower Liquidity ZoneIf the average value of transactions involvingshares of a particular company is lowerthan PLN 25,000 per session in the last quarterof the year, and if the average numberof transactions is lower than 10 per sessionand the company chooses not to join the LiquiditySupport Programme, it will be classifiedby the WSE to the Lower Liquidity Zone.Moreover, shares of companies which havehigh price volatility or which are underbankruptcy proceedings may be moved tothe ALERT LIST and then moved to listingunder the single-price auction system.Shares of companies classified as MINUS 5and ALERT LIST are not taken into considerationas index constituents.Liquidity Support ProgrammeIn order to support liquidity on the equitymarket, the Warsaw Stock Exchangelaunched its Liquidity Support Programme.The Programme was designed for companieswhich, according to the WSE’s criteria,experience low liquidity in the tradingof their shares. Given the purposes to bepursued within the Liquidity Support Programme,such as improved liquidity of stocktrading and improved communication withinvestors, the Programme is recommendedfor all listed companies.Shares of companies which have been classifiedto the Lower Liquidity Zone are: removed from the WSE index portfolio, moved to the single-price auction system, specially marked in the WSE’s pressreleases and in the WSE newsletter(Ceduła).Corporate governanceThe first ever document specifying corporategovernance rules for listed companieswas adopted by the WSE in 2002. Amendedrules were laid down in ‘Best Practices inPublic Companies 2005’. Starting from 2008,a new corporate governance document, entitled‘Best Practices for WSE Listed Companies’,came into force. In 2010 the documentwas adapted to incorporate the most recentchanges in the law, current internationaltrends in corporate governance and expectationsof market participants. In 2011 the WSEintroduced more changes to promote inno-23


Fact Book 2013vative solutions aimed to improve the qualityof governance in companies whereas in 2012changes were made regarding the organisationof electronic General meetings by listedcompanies.The document begins with a Preamble andits content is subdivided into four sections:I. Recommendations concerning best practicesin listed companies,II. Best practices applied by managementboards of listed companies,III. Best practices applied by members of supervisoryboards,IV. Best practices applied by shareholders.The aim behind the ‘Best Practices’ is toenhance transparency of listed companies,improve the quality of communication betweencompanies and investors, strengthenthe protection of shareholders’ rights (also inmatters not regulated by law), while avoidingburdens for listed companies that wouldnot be offset by market benefits. For this reason,‘Best Practices’ cover exclusively thoseareas where application of such practicesis likely to improve the market valuation ofcompanies and, consequently, reduce thecost of raising capital. The WSE liaises withlisted companies in matters related to interpretationof corporate governance rules andmonitors issuers’ compliance with mandatorydisclosures described in ‘Best Practicesfor WSE Listed Companies’.The Warsaw Stock Exchange has developeda dedicated corporate governance website(www.corp-gov.gpw.pl) with a mission topromote corporate governance rules, establishan active forum for exchanging opinionsand enhance communication with listedcompanies. The website presents informationon implementation of corporate governancein companies, and updates of corporategovernance events initiated by the WSE andits EduPartners.New companiesIn 2012 the WSE Main List was among themost active IPO platforms among Europe’sregulated markets. The IPO of ALOR Bank,worth EUR 511 million, was the highlight ofthe year, marking the largest private placementin the history of the Polish stock exchange.It was also the 5th largest EuropeanIPO in Q4 of 2012, and the largest initial offeringamong banks.Two of the new entrants on the Main List successfullyfulfilled their growth plans, makinga transition from NewConnect to the maintrading floor.PLEASE NOTE: All names of companies from tables included in the Fact Book 2013 are given as at 31December 2012 – cf. Table ‘Change of company names’, page 26.Newly listed companies in 2012No. CompanyFirst quotation* Price of shares / Price change in relation toIssueprice of shares /rights to sharesprice date rights to shares(PDA) at year-endissue price first quotation(PDA)(PLN) (PLN) (PLN) (%) (%)1 GETINOBLE 1.33 20.01 1.56 1.79 34.59 14.742 BOWIM 8.50 25.01 10.50 4.23 -50.24 -59.713 NOKAUT 12.00 14.03 12.64 6.59 -45.08 -47.864 VANTAGE 4.72 26.03 1.81 1.31 -72.25 -27.625 KRKA 202.10 11.04 210.00 220.00 8.86 4.766 SOLAR 13.00 19.04 13.84 5.60 -56.92 -59.547 MOBRUK 99.00 25.04 99.00 50.00 -49.49 -49.498 WORKSERV 6.00 26.04 7.90 5.65 -5.83 -28.489 MEXPOLSKA 10.00 25.05 10.05 2.35 -76.50 -76.6224


WSE Main ListNo. CompanyIssuepriceFirst quotation* Price of shares /price of shares /rights to sharesdate rights to shares(PDA) at year-end(PDA)Price change in relation toissue pricefirst quotation(PLN) (PLN) (PLN) (%) (%)10 ATMSI 2.65 28.05 2.17 1.23 -53.58 -43.3211 PCCEXOL 1.29 3.08 1.40 4.00 210.08 185.7112 KDMSHIPNG 32.40 9.08 33.00 25.10 -22.53 -23.9413 TATRY 178.40 15.10 179.00 183.00 2.58 2.2314 VOXEL 15.56 23.10 15.05 18.10 16.32 20.2715 EXILLON 7.36 29.10 7.40 7.94 7.88 7.3016 ZEPAK 26.20 30.10 25.90 28.45 8.59 9.8517 ALIOR 57.00 14.12 60.90 62.65 9.91 2.8718 INTERAOLT 24.17 18.12 25.75 26.64 10.22 3.4619 CZTOREBKA-PDA 7.00 28.12 11.64 11.64 66.29 0.00* Reference price on the IPO date or issuing price.Delistings in 2012No. CompanySuspensiondate(dd.mm.yy)Last quotationdate(dd.mm.yy)Reason for delisting1 ELSTAROIL 8.12.11 9.03.12 annulment of dematerialisation2 GETINOBLE1 1.06.12 15.06.12 merger with GET BANK S.A.3 SWIECIE 15.05.12 6.08.12 annulment of dematerialisation4 NEWWORLDN 4.10.12 18.10.12reorganisation of issuer’s group(change of headquarters)5 TUEUROPA 20.07.12 22.10.12 annulment of dematerialisation6 JAGO 24.10.12 bankruptcy by liquidation7 CENTKLIMA 1.10.12 29.11.12 annulment of dematerialisationChanges in nominal value in 2012No. CompanyQuotation datebefore change(dd.mm)Quotation dateafter change(dd.mm)splitsRatio1 LIBRA 13.03 14.03 1:102 PLASTBOX 17.05 18.05 1:5consolidations1 HERKULES 18.09 19.09 1:525


Fact Book 2013Change of company names in 2012No. Old name Old ticker New name New tickerChange date(dd.mm)1 CERSANIT CST ROVESE RSE 18.012 EUROFAKTR EFR GREMISLTN GRS 28.023 HERMAN HER IFCAPITAL IFC 19.034 IZNS IZN KANIA KAN 27.035 CENTROZAP CZP IDEON IDE 23.056 PRONOX PRO REGNON REG 30.057 WARFAMA WFM URSUS URS 8.068 GETBANK GTB GETINOBLE GNB 18.069 TRION TIN KBDOM KBD 19.0610 CPENERGIA CPE DUON DUO 2.0711 HARDEX HDX LIBRA LBC 4.0911 ANTI ANT GREENECO GET 25.09Equity trading value in 2012 (PLN million)ContinuoustradingSingle-pricesystemBlock trades Other* TotalJanuary 17 756.6 2.1 473.2 33.2 18 265.0February 17 941.9 3.4 3 310.3 49.2 21 305.0March 19 166.4 6.5 586.8 0.2 19 760.0April 12 486.9 1.8 244.7 1 001.6 13 735.0May 14 231.7 1.9 608.3 1 603.4 16 445.0June 15 410.9 1.3 291.7 55.8 15 760.0July 15 686.0 2.0 3 476.5 372.4 19 537.0August 14 371.9 2.3 3 198.9 1 723.6 19 297.0September 15 032.3 2.9 673.4 0.8 15 709.0October 15 996.1 3.1 367.0 688.3 17 054.0November 14 891.7 2.2 468.8 123.9 15 487.0December 14 443.1 3.2 1 298.7 129.2 15 874.0Total 187 415.5 32.6 14 998.1 5 781.60 208 228.0* Purchases of large blocks and public sell offers.26


WSE Main ListEquities by trading value in 2012No. Company Ticker Order-book trades Block tradesTurnover Share in Annual Average Average Average Turnover Number ofvalue turnover turnover volume per number of number of value transactionsratio session transactions orders perper session session(PLN million) (%) (%) shares (PLN million)1 KGHM KGH 33 379.1 17.81 119.66 944 802 3 874 21 907 590.8 1202 PKOBP PKO 20 534.4 10.95 84.73 2 409 576 2 580 18 224 3 400.0 1883 PZU PZU 18 208.5 9.71 66.56 211 778 1 661 12 759 1 649.9 1334 PEKAO PEO 15 691.2 8.37 40.32 418 032 1 501 10 942 254.1 965 PKNORLEN PKN 11 266.6 6.01 68.20 1 148 671 1 580 11 929 213.4 956 TPSA TPS 11 166.0 5.96 56.71 2 946 340 1 239 7 262 384.9 1307 PGE PGE 10 257.2 5.47 40.09 2 178 676 1 629 9 475 3 964.6 1388 PGNIG PGN 4 978.5 2.66 20.97 4 903 944 970 4 037 62.0 399 JSW JSW 3 235.3 1.73 35.42 138 368 1 020 6 732 64.4 5410 TAURONPE TPE 3 198.9 1.71 42.14 2 667 725 960 4 551 26.2 3711 BORYSZEW BRS 2 754.5 1.47 200.36 16 530 044 803 4 767 315.5 13112 EUROCASH EUR 2 042.5 1.09 50.82 213 850 229 712 630.4 10413 SYNTHOS SNS 2 036.1 1.09 28.48 1 436 050 759 2 712 117.9 2114 LOTOS LTS 2 013.2 1.07 54.56 282 163 810 4 506 18.0 1815 BRE BRE 1 885.8 1.01 15.48 25 798 401 2 122 27.1 2016 POLIMEXMS PXM 1 871.1 1.00 422.22 8 786 535 953 3 475 11.2 917 KERNEL KER 1 715.7 0.92 33.44 103 740 455 2 592 48.4 3318 BOGDANKA LWB 1 704.0 0.91 40.74 55 354 408 2 124 6.4 1619 GTC GTC 1 649.0 0.88 89.42 907 154 674 3 566 13.0 2120 TVN TVN 1 625.3 0.87 117.68 738 498 761 4 380 86.2 4721 PETROLINV OIL 1 592.5 0.85 503.94 3 388 160 1 420 6 586 36.9 1122 ASSECOPOL ACP 1 589.9 0.85 44.75 136 876 530 2 781 28.6 3223 MIDAS MDS 1 281.7 0.68 151.01 6 555 194 668 2 898 1.6 524 PBG PBG 1 270.6 0.68 803.13 340 294 1 101 5 231 0.5 325 HAWE HWE 1 242.6 0.66 282.75 1 153 811 803 2 760 74.2 2326 HANDLOWY BHW 1 146.4 0.61 10.95 57 167 417 2 391 5.3 1127 NETIA NET 987.5 0.53 45.44 693 196 177 604 18.5 2528 CYFRPLSAT CPS 856.6 0.46 37.07 240 413 206 741 40.4 4629 KOV KOV 791.0 0.42 137.02 2 206 233 577 2 517 1.1 430 GETIN GTN 779.3 0.42 43.67 1 261 758 400 1 479 11.9 1827


Fact Book 2013Equities by trading value in 2012 (contd.)No. Company Ticker Order-book trades Block tradesTurnover Share in Annual Average Average Average Turnover Number ofvalue turnover turnover volume per number of number of value transactionsratio session transactions orders perper session session(PLN million) (%) (%) shares (PLN million)31 GETINOBLE GNB 746.9 0.40 19.23 1 845 108 235 834 29.1 2632 MILLENNIUM MIL 737.3 0.39 15.32 744 920 157 734 1.5 1133 GPW GPW 720.7 0.38 72.52 77 074 294 3 433 17.2 2234 AZOTYTARNOW ATT 592.4 0.32 36.15 58 982 142 587 27.5 1535 INGBSK BSK 561.5 0.30 5.24 27 346 78 536 0.8 436 ENEA ENA 561.4 0.30 8.79 137 298 202 984 62.2 2737 IDMSA IDM 546.1 0.29 465.72 3 650 522 430 1 652 101.3 7538 CDPROJEKT CDR 537.3 0.29 100.70 382 896 442 1 915 1.6 539 CIECH CIE 493.7 0.26 49.63 104 444 165 678 2.9 640 LPP LPP 474.7 0.25 10.77 623 25 258 1.7 741 BIOTON BIO 439.9 0.23 71.73 20 267 861 276 7 610 3.6 1042 ALCHEMIA ALC 410.7 0.22 68.50 318 373 96 364 312.9 15443 AMREST EAT 397.5 0.21 29.00 21 477 25 140 66.4 444 ATLANTIS ATS 394.4 0.21 440.95 5 092 695 352 1 862 0.1 145 CEDC CDC 389.6 0.21 101.49 123 866 355 1 624 6.3 946 CEZ CEZ 380.0 0.20 0.54 12 884 26 2 846 0.8 247 KREDYTB KRB 317.4 0.17 9.09 98 968 48 229 0.6 248 AGORA AGO 309.5 0.17 67.73 122 867 122 578 1.4 549 BOMI BMI 289.5 0.15 656.36 1 041 662 349 1 23850 IFCAPITAL IFC 285.9 0.15 2254.39 1 499 368 438 1 210 1.6 451 PULAWY ZAP 285.7 0.15 24.62 10 916 97 395 2.2 452 CCC CCC 284.8 0.15 15.69 19 872 25 168 2.0 753 SKOTAN SKT 279.0 0.15 153.92 314 990 281 992 13.9 2354 CCIINT CCI 259.8 0.14 17.00 34 498 11 75 3.4 755 ALIOR ALR 250.6 0.13 33.67 512 857 1 197 2 624 750.0 756 UNICREDIT UCG 226.2 0.12 0.27 58 916 22 770 0.8 257 CORMAY CRM 220.6 0.12 73.16 68 481 185 752 7.5 3558 EKOEXPORT EEX 217.2 0.12 173.54 54 918 245 1 000 0.4 359 BUDIMEX BDX 217.1 0.12 12.59 12 890 90 558 0.2 260 EMPERIA EMP 215.7 0.12 27.70 14 742 79 377 31.8 1828


WSE Main ListEquities by trading value in 2012 (contd.)No. Company Ticker Order-book trades Block tradesTurnover Share in Annual Average Average Average Turnover Number ofvalue turnover turnover volume per number of number of value transactionsratio session transactions orders perper session session(PLN million) (%) (%) shares (PLN million)61 BGZ BGZ 206.1 0.11 45.35 12 180 183 731 10.4 3462 ROVESE RSE 203.3 0.11 32.30 290 237 126 597 24.8 3263 ZEPAK ZEP 203.0 0.11 18.91 193 069 348 1 725 54.5 1364 NEWWORLDR NWR 198.9 0.11 4.50 47 763 10 1 59565 CALATRAVA CTC 198.8 0.11 202.28 2 028 457 133 878 44.6 7566 NFIEMF EMF 188.8 0.10 34.74 78 023 33 101 17.2 467 DSS DSS 187.0 0.10 476.13 247 198 274 1 02068 KOPEX KPX 180.8 0.10 12.09 35 713 69 399 1.6 569 KREZUS KZS 175.1 0.09 34.04 66 366 187 494 31.2 3670 ASTARTA AST 174.3 0.09 11.89 11 664 38 186 4.0 1471 TRAKCJA TRK 166.9 0.09 72.30 673 908 213 75372 MOL MOL 165.3 0.09 0.63 2 632 4 1 186 9.8 873 RAFAKO RFK 163.8 0.09 35.71 75 572 126 589 28.4 1374 OPENFIN OPF 162.5 0.09 20.50 44 671 22 13575 HBPOLSKA HBP 156.6 0.08 227.06 1 919 578 220 1 154 0.2 176 IMPEXMET IPX 154.3 0.08 20.77 164 241 102 454 2.2 1477 POLNORD PND 152.4 0.08 56.17 46 656 149 747 21.3 678 BANKBPH BPH 141.4 0.08 4.60 14 171 36 33079 EFH EFH 141.0 0.08 226.87 1 334 810 144 93780 ORBIS ORB 139.0 0.07 8.26 13 867 27 312 13.9 381 ECHO ECH 138.4 0.07 14.33 130 579 32 217 86.1 682 INTEGERPL ITG 137.8 0.07 18.40 3 863 32 195 17.1 683 SADOVAYA SGR 137.0 0.07 366.33 158 435 190 972 0.1 184 PEP PEP 137.0 0.07 83.65 22 044 63 410 0.6 385 POLJADLO PLJ 135.2 0.07 706.35 1 210 324 151 641 1.7 886 GREENECO GET 132.6 0.07 1528.21 260 351 198 62187 KRUK KRU 130.8 0.07 16.88 11 357 30 206 1.2 488 RESBUD RES 129.3 0.07 959.53 34 080 243 819 0.9 289 MCI MCI 127.6 0.07 41.84 104 596 130 651 0.2 190 TUEUROPA ERP 126.6 0.07 85.23 3 301 4 38 2.0 629


Fact Book 2013Equities by trading value in 2012 (contd.)No. Company Ticker Order-book trades Block tradesTurnover Share in Annual Average Average Average Turnover Number ofvalue turnover turnover volume per number of number of value transactionsratio session transactions orders perper session session(PLN million) (%) (%) shares (PLN million)91 FON FON 124.6 0.07 210.33 2 839 208 140 1 49192 RANKPROGR RNK 124.4 0.07 82.67 41 932 142 646 62.8 3093 GANT GNT 122.6 0.07 132.09 103 411 172 726 2.3 994 FAMUR FMF 115.8 0.06 5.82 111 711 38 193 0.7 195 INTERCARS CAR 114.0 0.06 10.49 4 961 14 121 21.1 896 POLICE PCE 113.7 0.06 14.55 43 834 87 38497 URSUS URS 111.3 0.06 246.73 202 109 167 693 15.2 498 APATOR APT 108.2 0.06 18.21 17 532 35 244 13.7 1299 DUDA DUD 104.9 0.06 60.51 675 531 133 1 071100 CITYINTER CIA 103.0 0.05 32.40 16 461 74 449101 SYGNITY SGN 100.8 0.05 51.54 23 154 82 431 5.7 11102 COMP CMP 92.0 0.05 24.04 5 715 13 130103 ORZBIALY OBL 87.9 0.05 23.32 15 550 17 122104 KETY KTY 87.6 0.05 8.97 2 859 20 168 14.1 6105 GRAJEWO GRJ 87.1 0.05 15.94 30 908 59 242 2.1 14106 AMICA AMC 86.0 0.05 33.14 7 729 37 271 0.3 2107 MNI MNI 83.9 0.04 47.30 166 123 57 429 11.7 13108 MILKILAND MLK 82.9 0.04 16.16 20 249 34 182 0.1 1109 BENEFIT BFT 80.6 0.04 23.54 2 039 5 32 8.0 18110 WAWEL WWL 76.8 0.04 8.40 504 15 148 0.1 1111 JWCONSTR JWC 76.4 0.04 29.18 62 456 75 394 0.9 2112 MIRBUD MRB 76.3 0.04 76.66 230 912 118 446113 COMARCH CMR 73.4 0.04 17.82 4 489 21 181 0.4 1114 SWIECIE MSC 73.0 0.04 29.26 6 874 20 100 0.3 3115 ZELMER ZLR 70.4 0.04 13.91 8 450 22 142 0.4 1116 AGROTON AGT 69.9 0.04 24.92 21 288 60 296 0.6 2117 BZWBK BZW 69.1 0.04 0.41 1 206 17 205118 PELION PEL 67.5 0.04 21.53 8 520 14 126 3.3 5119 KOGENERA KGN 64.8 0.03 5.91 3 326 13 105 2.8 7120 VISTULA VST 63.7 0.03 56.26 251 709 91 490 2.0 130


WSE Main ListEquities by trading value in 2012 (contd.)No. Company Ticker Order-book trades Block tradesTurnover Share in Annual Average Average Average Turnover Number ofvalue turnover turnover volume per number of number of value transactionsratio session transactions orders perper session session(PLN million) (%) (%) shares (PLN million)121 PCGUARD PCG 63.5 0.03 195.33 197 871 116 628 13.2 38122 IMPEL IPL 61.1 0.03 47.74 9 112 24 142 0.4 2123 WASKO WAS 59.2 0.03 26.35 96 496 101 579124 SOBIESKI BVD 58.5 0.03 11.21 1 130 62 665125 LCCORP LCC 56.3 0.03 10.66 190 034 53 406 0.5 1126 OVOSTAR OVO 55.9 0.03 10.14 2 443 20 124127 STALPROD STP 55.6 0.03 7.52 1 048 16 171 6.2 4128 MENNICA MNC 54.6 0.03 0.97 12 600 27 206 3.5 3129 COALENERG CLE 54.1 0.03 21.72 9 815 16 77130 STAPORKOW ZUK 53.5 0.03 47.38 7 907 36 145 2.9 13131 SECOGROUP SWG 53.3 0.03 16.31 6 799 4 44 0.4 2132 BARLINEK BRK 53.3 0.03 26.76 191 197 83 449 0.1 1133 ALTERCO ALT 53.1 0.03 841.76 73 942 126 488 1.1 6134 08OCTAVA 08N 52.0 0.03 113.10 172 193 52 221 124.6 11135 FORTUNA FEG 51.3 0.03 6.57 13 195 11 347 1.8 4136 IGROUP IGR 51.1 0.03 346.52 558 122 90 452 1.9 14137 NEUCA NEU 50.5 0.03 14.02 2 381 15 104 2.2 3138 MONNARI MON 50.3 0.03 178.07 174 720 101 489139 KRKA KRK 49.8 0.03 0.71 1 403 0 3140 LENTEX LTX 49.7 0.03 16.93 40 857 37 141 2.0 6141 ZPUE PUE 49.5 0.03 50.38 1 124 10 107 40.3 6142 STALEXP STX 49.5 0.03 33.70 162 128 45 459 15.8 3143 COLIAN COL 49.3 0.03 21.41 87 799 47 338 18.8 18144 ACTION ACT 48.7 0.03 15.80 9 301 17 114 5.1 22145 WESTAISIC WES 48.6 0.03 377.16 167 122 100 520146 GRAAL GRL 46.9 0.03 65.87 19 149 72 358 4.8 5147 FERRUM FER 46.6 0.02 24.41 18 867 28 218 13.4 16148 SILVANO SFG 46.4 0.02 9.33 14 376 12 73 1.5 3149 PLAZACNTR PLZ 46.3 0.02 7.41 84 853 22 143 1.2 2150 IDEON IDE 43.8 0.02 70.94 978 600 63 1 41631


Fact Book 2013Equities by trading value in 2012 (contd.)No. Company Ticker Order-book trades Block tradesTurnover Share in Annual Average Average Average Turnover Number ofvalue turnover turnover volume per number of number of value transactionsratio session transactions orders perper session session(PLN million) (%) (%) shares (PLN million)151 LUBAWA LBW 43.3 0.02 51.12 220 503 72 576 0.8 4152 HYGIENIKA HGN 43.1 0.02 178.79 143 121 66 355 10.6 7153 MERCOR MCR 43.0 0.02 22.82 14 141 26 185 0.8 1154 ATM ATM 43.0 0.02 15.13 22 076 18 87155 KREDYTIN KRI 42.7 0.02 24.95 12 861 14 106 0.4 1156 BBIDEVNFI BBD 42.6 0.02 34.76 502 016 50 416 19.3 22157 DOMDEV DOM 42.2 0.02 5.33 5 278 17 111158 ZASTAL ZST 42.1 0.02 121.82 103 958 72 347 4.6 8159 SANOK SNK 41.8 0.02 10.17 10 758 19 101160 COGNOR COG 41.6 0.02 22.94 59 425 57 322 1.0 3161 MOSTALZAB MSZ 41.5 0.02 45.30 132 862 56 506 39.5 28162 RELPOL RLP 41.1 0.02 96.32 25 323 44 251 16.6 13163 RUBICON RBC 40.5 0.02 162.79 502 489 76 352 1.7 4164 KSGAGRO KSG 40.2 0.02 16.51 9 896 19 167165 ABPL ABE 38.5 0.02 15.46 7 394 5 54 0.4 1166 MOSTALWAR MSW 38.0 0.02 13.12 10 539 24 189167 GROCLIN GCN 37.0 0.02 59.68 12 266 65 503168 DEBICA DBC 36.8 0.02 14.74 2 627 11 121 75.9 2169 KOMPUTRON KOM 36.0 0.02 71.59 23 624 75 384170 ABMSOLID ABM 35.9 0.02 611.31 80 465 79 341 0.2 1171 ACE ACE 35.2 0.02 28.67 24 135 20 127 0.4 3172 HERKULES HRS 35.2 0.02 202.32 352 733 48 541173 REGNON REG 34.8 0.02 192.45 1 333 107 58 928174 MIRACULUM MIR 33.3 0.02 132.00 415 552 58 469 0.2 1175 ENERGOINS ENI 32.9 0.02 18.81 12 825 17 223 1.8 1176 IMCOMPANY IMC 31.7 0.02 8.13 10 217 20 124177 EKO EKO 30.9 0.02 112.42 26 335 21 126 2.7 13178 IZOSTAL IZS 30.2 0.02 12.04 15 661 16 122 0.3 2179 BBIZENNFI BBZ 30.2 0.02 78.08 380 285 83 457 5.0 3180 ATMGRUPA ATG 30.1 0.02 45.90 108 125 56 334 2.0 132


Fact Book 2013Equities by trading value in 2012 (contd.)No. Company Ticker Order-book trades Block tradesTurnover Share in Annual Average Average Average Turnover Number ofvalue turnover turnover volume per number of number of value transactionsratio session transactions orders perper session session(PLN million) (%) (%) shares (PLN million)211 KINOPOL KPL 20.5 0.01 21.08 9 003 16 99 5.9 5212 RADPOL RDL 20.4 0.01 10.28 9 391 15 155 2.5 16213 SOLAR SOL 20.4 0.01 7.00 11 168 15 102 2.0 2214 FASING FSG 19.7 0.01 42.83 3 231 25 126 10.6 8215 ACAUTOGAZ ACG 19.7 0.01 9.32 3 452 11 76 0.3 1216 PEPEES PPS 19.2 0.01 31.71 84 763 32 225 3.4 4217 ATREM ATR 19.2 0.01 76.89 14 125 22 206218 AVIASG ASG 19.1 0.01 8.64 2 044 18 120219 ZAMET ZMT 19.0 0.01 9.00 34 014 25 123 0.4 1220 QUMAKSEK QSM 18.3 0.01 19.11 7 964 11 102221 ENERGOPOL EPL 18.3 0.01 25.20 10 600 21 219 0.4 3222 PROTEKTOR PRT 18.2 0.01 30.02 19 780 18 150 2.5 2223 NOVITA NVT 18.0 0.01 38.67 3 338 16 156 3.6 4224 ORCOGROUP OPG 17.8 0.01 8.17 5 595 31 1 691225 VANTAGE VTG 17.6 0.01 21.35 62 989 36 162 0.2 1226 ARMATURA ARM 17.5 0.01 14.75 47 549 38 233227 ZYWIEC ZWC 17.1 0.01 0.34 140 16 170 0.1 1228 4FUNMEDIA 4FM 16.7 0.01 32.13 3 707 11 71 5.5 8229 PBSFINANSE PBF 16.7 0.01 35.67 123 454 36 210 4.2 7230 SNIEZKA SKA 16.6 0.01 11.17 2 106 7 66231 IQP IQP 16.5 0.01 60.95 45 832 37 240 6.1 1232 UNIBEP UNI 16.2 0.01 9.48 12 692 14 85 0.3 1233 KANIA KAN 16.0 0.01 18.15 38 211 28 161 0.6 3234 PLASTBOX PLX 16.0 0.01 11.01 18 020 12 84 2.2 4235 INTERSPPL IPO 15.8 0.01 70.15 20 471 35 184236 HYDROTOR HDR 15.8 0.01 29.74 2 346 11 89 0.4 1237 BERLING BRG 15.7 0.01 18.13 12 310 6 89 0.4 2238 06MAGNA 06N 15.5 0.01 77.30 180 555 46 399 7.1 7239 TIM TIM 15.3 0.01 11.26 9 953 9 108240 ARCTIC ATC 15.3 0.01 4.61 10 246 18 19934


WSE Main ListEquities by trading value in 2012 (contd.)No. Company Ticker Order-book trades Block tradesTurnover Share in Annual Average Average Average Turnover Number ofvalue turnover turnover volume per number of number of value transactionsratio session transactions orders perper session session(PLN million) (%) (%) shares (PLN million)241 ZREMB ZRE 15.1 0.01 138.25 185 930 40 381 0.1 1242 GINOROSSI GRI 14.8 0.01 37.02 49 006 19 159 0.3 1243 BIPROMET BPM 14.3 0.01 33.97 8 457 15 92244 LENA LEN 14.3 0.01 31.50 23 255 16 101 4.3 7245 WORKSERV WSE 14.1 0.01 19.06 17 475 18 75 27.4 9246 ERG ERG 14.0 0.01 61.50 106 966 31 311247 BUDOPOL BDL 13.9 0.01 62.02 129 521 40 422248 K2INTERNT K2I 13.8 0.01 45.96 3 745 16 132 1.2 4249 WARIMPEX WXF 13.8 0.01 7.14 15 126 12 165 0.3 1250 LSTCAPITA LST 13.7 0.01 55.07 91 858 25 143 0.8 4251 JHMDEV JHM 13.7 0.01 31.89 160 082 33 149252 INSTALKRK INK 13.5 0.01 16.81 3 647 14 96 1.5 1253 CAPITAL CPA 13.5 0.01 56.72 36 063 26 234 5.4 13254 SWISSMED SWD 13.3 0.01 38.66 81 434 34 362255 ALMA ALM 13.0 0.01 10.43 1 648 19 172 3.4 6256 ELEKTROTI ELT 12.9 0.01 15.38 6 150 12 87257 PANOVA NVA 12.1 0.01 10.42 2 426 10 55258 ASSECOBS ABS 11.9 0.01 3.63 4 865 8 74259 MWTRADE MWT 11.9 0.01 16.13 5 172 23 172 0.6 4260 KOELNER KLR 11.8 0.01 3.43 4 483 13 84262 KRUSZWICA KSW 11.6 0.01 2.18 1 484 17 124261 PGODLEW PGO 11.6 0.01 6.33 24 494 15 86263 POLAQUA PQA 11.4 0.01 7.38 8 147 19 121264 PBOANIOLA PBO 11.3 0.01 105.82 14 457 32 213 0.4 4265 ASSECOSLO ACS 11.2 0.01 2.58 2 211 2 24266 ADVGRUPA ADV 11.0 0.01 50.73 3 766 14 86 23.0 17267 ZUE ZUE 11.0 0.01 6.95 6 139 6 57268 ASSECOSEE ASE 10.9 0.01 7.82 5 563 5 62 21.7 11269 ERGIS EEF 10.6 0.01 11.51 18 223 11 82270 NTTSYSTEM NTT 10.6 0.01 24.82 53 203 33 214 0.3 335


Fact Book 2013Equities by trading value in 2012 (contd.)No. Company Ticker Order-book trades Block tradesTurnover Share in Annual Average Average Average Turnover Number ofvalue turnover turnover volume per number of number of value transactionsratio session transactions orders perper session session(PLN million) (%) (%) shares (PLN million)271 BBICAPNFI BBC 10.5 0.01 52.88 47 476 38 199 12.6 10272 IDEATFI IDA 10.4 0.01 55.13 15 713 18 94 9.8 24273 MEDIATEL MTL 10.3 0.01 71.60 24 429 16 94 1.9 4274 SELENAFM SEL 10.2 0.01 8.12 6 137 8 60275 ONE2ONE O2O 10.1 0.01 184.02 51 802 32 228276 PEKAES PEK 10.0 0.01 13.11 6 492 12 159277 ADVADIS ADS 9.9 0.01 76.64 571 178 25 677 0.6 1278 NOVAKBM KBM 9.9 0.01 4.56 6 514 6 56 1.2 5279 PROCHNIK PRC 9.9 0.01 32.99 162 265 23 328280 ERBUD ERB 9.9 0.01 5.41 2 745 12 100281 INVESTCON INC 9.7 0.01 53.59 35 856 23 124 9.2 15282 POINTGROUP PGM 9.6 0.01 43.97 183 277 25 171283 JUPITER JPR 9.6 0.01 19.38 40 583 45 285284 HUTMEN HTM 9.5 0.01 11.08 10 775 19 214 0.6 4285 ODLEWNIE ODL 9.4 0.01 21.00 17 425 21 185286 FOTA FOT 9.3 0.00 18.54 5 800 22 122287 MAKRUM MKM 9.3 0.00 18.68 31 273 15 109288 PROJPRZEM PJP 9.1 0.00 23.71 5 211 15 99289 BUMECH BMC 9.0 0.00 34.23 4 054 13 94 7.0 3.0290 SANWIL SNW 9.0 0.00 46.53 93 656 24 326291 CENTKLIMA CKL 9.0 0.00 52.63 2 835 6 39292 PROCHEM PRM 8.9 0.00 18.25 2 794 18 94 0.1 1293 PRAGMAINK PRI 8.6 0.00 15.61 1 905 12 56294 COMPLEX CMX 8.6 0.00 20.21 20 695 19 118295 KRAKCHEM KCH 8.5 0.00 22.76 7 114 18 145 2.6 3297 EUCO EUC 8.5 0.00 13.17 2 960 18 132296 RAINBOW RBW 8.5 0.00 33.57 9 960 8 83 0.1 1298 EUIMPLANT EUI 8.5 0.00 74.48 229 266 23 259299 RONSON RON 8.3 0.00 3.20 35 015 11 122300 CAMMEDIA CAM 8.3 0.00 56.85 9 782 5 3136


WSE Main ListEquities by trading value in 2012 (contd.)No. Company Ticker Order-book trades Block tradesTurnover Share in Annual Average Average Average Turnover Number ofvalue turnover turnover volume per number of number of value transactionsratio session transactions orders perper session session(PLN million) (%) (%) shares (PLN million)301 BSCDRUK BSC 8.2 0.00 8.94 2 112 4 31 5.0 8302 VINDEXUS VIN 8.2 0.00 31.75 7 749 13 82 7.4 16303 INTAKUS ITK 8.1 0.00 166.74 97 097 23 138304 ATMSI ASI 8.0 0.00 15.46 37 688 9 55305 DECORA DCR 8.0 0.00 9.60 4 357 9 78306 ROPCZYCE RPC 7.9 0.00 10.87 2 010 19 131307 PEGAS PGS 7.8 0.00 1.06 394 2 184308 DUON DUO 7.6 0.00 13.04 45 852 19 183 0.4 2309 LIBET LBT 7.4 0.00 4.14 8 308 9 116310 POZBUD POZ 7.3 0.00 11.26 8 814 18 124311 DROZAPOL DPL 7.2 0.00 30.75 22 221 16 182312 ENELMED ENE 7.1 0.00 8.11 7 679 13 96313 KCI KCI 7.0 0.00 36.79 45 822 20 218 0.6 2314 MOSTALPLC MSP 7.0 0.00 22.81 1 752 15 112315 FAM FAM 6.9 0.00 20.34 21 753 14 185 1.5 8316 ARTERIA ARR 6.9 0.00 13.73 2 161 6 53 0.4 1317 TELL TEL 6.9 0.00 25.72 2 866 10 97318 MARVIPOL MVP 6.8 0.00 5.73 2 994 10 88 13.4 4319 ESSYSTEM ESS 6.8 0.00 7.08 12 183 5 47320 EDINVEST EDI 6.8 0.00 14.67 6 005 5 48 1.6 8321 GETINOBLE1 GNB1 6.7 0.00 0.37 13 942 22 160 9.1 4322 REINHOLD RHD 6.7 0.00 101.97 24 980 23 175323 NETMEDIA NEM 6.6 0.00 12.78 6 237 6 70326 DROP DRP 6.5 0.00 10.78 2 539 7 58324 ULMA ULM 6.5 0.00 2.63 451 4 50325 YAWAL YWL 6.5 0.00 31.28 4 748 18 114327 PRESCO PRE 6.3 0.00 4.09 3 238 17 84328 HYPERION HYP 6.3 0.00 30.68 9 904 6 76 4.0 7329 DGA DGA 6.1 0.00 40.92 13 412 15 186330 DRAGOWSKI ADD 6.0 0.00 91.45 35 919 16 19537


Fact Book 2013Equities by trading value in 2012 (contd.)No. Company Ticker Order-book trades Block tradesTurnover Share in Annual Average Average Average Turnover Number ofvalue turnover turnover volume per number of number of value transactionsratio session transactions orders perper session session(PLN million) (%) (%) shares (PLN million)331 ARCUS ARC 6.0 0.00 25.31 7 517 13 84332 BAKALLAND BAK 5.9 0.00 9.57 7 494 11 122 0.1 1333 ROBYG ROB 5.9 0.00 6.63 16 814 12 91 14.2 2334 DMWDM WDM 5.7 0.00 17.12 56 739 12 148336 BETACOM BCM 5.7 0.00 47.17 3 827 12 97335 HARPER HRP 5.7 0.00 5.24 12 214 12 64337 PTI PTI 5.5 0.00 3.69 1 641 13 80 0.9 1338 WILBO WLB 5.5 0.00 105.75 40 446 15 166339 NORTCOAST NCT 5.4 0.00 55.56 49 088 18 143340 TFONE TFO 5.4 0.00 36.38 11 848 20 134341 EUROTEL ETL 5.4 0.00 9.29 1 398 7 52342 SKYLINE SKL 5.2 0.00 24.79 8 728 20 93 0.4 3343 DELKO DEL 5.1 0.00 32.09 5 539 10 90 1.7 4344 CASHFLOW CFL 5.1 0.00 73.20 7 349 17 142345 ENAP ENP 4.9 0.00 26.79 21 726 12 114346 QUERCUS QRS 4.8 0.00 5.42 8 374 8 56 0.6 1347 WIKANA WIK 4.7 0.00 1.01 34 293 17 230348 BMPAG BMP 4.7 0.00 8.90 6 723 10 84349 REMAK RMK 4.6 0.00 6.12 737 12 103350 VOXEL VOX 4.6 0.00 4.10 5 800 28 108 0.3 1351 CCENERGY CCE 4.5 0.00 34.53 73 921 15 314352 KREC KRC 4.5 0.00 9.93 5 937 6 59353 IVMX IMX 4.5 0.00 6.86 3 261 9 53354 POLNA PLA 4.3 0.00 47.69 1 572 9 107 0.3 1355 PATENTUS PAT 4.3 0.00 21.87 9 992 11 91356 HELIO HEL 4.3 0.00 13.16 2 423 9 104 0.2 1357 LIBRA LBC 4.2 0.00 55.23 7 172 9 76 9.9 13358 LSISOFT LSI 4.1 0.00 60.36 5 369 11 97359 NOKAUT NOK 4.1 0.00 5.78 2 164 14 78360 INTROL INL 4.0 0.00 6.58 3 967 11 7938


WSE Main ListEquities by trading value in 2012 (contd.)No. Company Ticker Order-book trades Block tradesTurnover Share in Annual Average Average Average Turnover Number ofvalue turnover turnover volume per number of number of value transactionsratio session transactions orders perper session session(PLN million) (%) (%) shares (PLN million)361 OPTEAM OPM 4.0 0.00 23.46 5 488 6 60 1.3 6362 IZOLACJA IZO 3.9 0.00 1.22 16 812 17 167363 BYTOM BTM 3.8 0.00 20.08 41 056 13 159364 TUP TUP 3.8 0.00 9.37 5 120 16 181365 TRANSPOL TRN 3.8 0.00 14.07 1 865 2 20 0.2 1366 MAKARONPL MAK 3.5 0.00 14.02 5 207 11 82367 VOTUM VOT 3.5 0.00 9.34 3 296 12 76 1.2 2368 PCCINTER PCI 3.4 0.00 2.52 4 448 6 32369 KOMPAP KMP 3.4 0.00 11.38 2 018 10 81 0.2 1370 ELZAB ELZ 3.4 0.00 32.39 9 803 6 73371 PROCAD PRD 3.2 0.00 28.69 10 392 13 120372 ATLANTAPL ATP 3.1 0.00 7.62 1 817 11 60 0.1 1373 POLCOLORIT PLT 3.0 0.00 17.66 67 454 9 246375 SONEL SON 2.9 0.00 3.94 2 176 4 37374 WANDALEX WDX 2.9 0.00 25.36 7 445 12 102376 INTERAOLT IRL 2.9 0.00 0.55 18 243 40 75377 PWRMEDIA PWM 2.9 0.00 74.47 11 077 7 83 0.2 2378 SIMPLE SME 2.8 0.00 30.32 1 685 8 73 2.8 7379 ATLASEST ATL 2.8 0.00 6.60 6 713 5 48 3.5 4380 B3SYSTEM B3S 2.8 0.00 27.08 14 078 10 106 0.1 1381 POLMED POM 2.8 0.00 7.06 6 014 13 70382 AWBUD AWB 2.8 0.00 20.38 14 194 10 87 19.4 7383 PRAGMAFA PRF 2.8 0.00 9.71 670 11 85 1.0 2384 SKOK SKO 2.7 0.00 2.01 3 561 13 131385 SUWARY SUW 2.7 0.00 7.08 710 5 53 2.3 2386 INTERBUD ITB 2.5 0.00 25.51 2 120 11 69 0.4 2387 KBDOM KBD 2.5 0.00 39.29 56 729 10 243388 MEWA MEW 2.5 0.00 30.55 35 509 11 188389 MCLOGIC MCL 2.4 0.00 4.02 300 2 44390 TOYA TOA 2.4 0.00 1.20 3 603 3 2739


Fact Book 2013Equities by trading value in 2012 (contd.)No. Company Ticker Order-book trades Block tradesTurnover Share in Annual Average Average Average Turnover Number ofvalue turnover turnover volume per number of number of value transactionsratio session transactions orders perper session session(PLN million) (%) (%) shares (PLN million)391 EUROMARK EMK 2.4 0.00 53.29 26 151 7 68392 WADEX WAX 2.3 0.00 15.66 1 200 13 63393 OLYMPIC OEG 2.2 0.00 0.26 1 608 1 18395 PERMEDIA PMD 2.1 0.00 19.55 1 194 6 99 0.5 1394 VARIANT VRT 2.1 0.00 61.95 5 238 12 110 1.9 7396 INTERFERI INF 2.1 0.00 11.64 1 725 2 36 0.9 2397 WISTIL WST 2.0 0.00 9.39 377 3 44398 PCCEXOL PCX 2.0 0.00 1.43 7 819 23 87399 WOJAS WOJ 1.8 0.00 12.01 1 816 7 68 3.1 2400 BEDZIN BDZ 1.8 0.00 2.22 281 2 37401 DREWEX DRE 1.8 0.00 61.16 19 711 7 91402 FASTFIN FFI 1.8 0.00 7.34 16 217 13 122403 KONSSTALI KST 1.8 0.00 0.81 192 3 47404 PAMAPOL PMP 1.7 0.00 2.78 2 587 5 68405 MUZA MZA 1.6 0.00 15.77 1 469 10 132 0.3 3406 TRITON TRI 1.5 0.00 27.78 3 281 8 96 11.8 18407 SEKO SEK 1.5 0.00 19.98 1 725 5 64408 TRAVELPL TVL 1.5 0.00 8.86 843 5 80409 EFEKT EFK 1.3 0.00 13.99 638 5 60 0.4 1410 INDYKPOL IND 1.3 0.00 1.39 124 2 39411 AGROWILL AWG 1.2 0.00 2.01 6 855 4 35412 TALEX TLX 1.2 0.00 17.48 722 13 43 0.2 1413 BOWIM BOW 1.1 0.00 45.32 646 7 53 31.5 7414 AMPLI APL 1.1 0.00 28.68 2 228 3 83 0.2 2415 PRIMAMODA PMA 1.1 0.00 12.46 801 11 122416 TERESA TER 1.0 0.00 6.56 298 2 21 0.3 1417 MOBRUK MBR 1.0 0.00 4.59 96 1 17418 GREMISLTN GRS 1.0 0.00 9.34 1 356 4 81419 UNIMA U2K 1.0 0.00 17.81 1 180 11 113420 INPRO INP 1.0 0.00 0.68 1 101 6 4440


WSE Main ListEquities by trading value in 2012 (contd.)No. Company Ticker Order-book trades Block tradesTurnover Share in Annual Average Average Average Turnover Number ofvalue turnover turnover volume per number of number of value transactionsratio session transactions orders perper session session(PLN million) (%) (%) shares (PLN million)421 MEGARON MEG 0.9 0.00 6.57 126 2 28 0.3 1422 ECARD ECD 0.9 0.00 8.47 16 324 12 171423 KOFOLA KFL 0.9 0.00 0.30 158 3 33424 TATRY TMR 0.9 0.00 0.07 96 3 11425 CELTIC CPD 0.8 0.00 0.33 418 3 49 0.1 1426 RAFAMET RAF 0.8 0.00 1.02 177 11 73427 KDMSHIPNG KDM 0.8 0.00 0.41 297 4 41428 NORDEABP NDA 0.7 0.00 0.07 97 1 33429 MOJ MOJ 0.7 0.00 9.37 1 605 4 63430 KPPD KPD 0.7 0.00 1.65 107 1 23431 EXILLON EXL 0.6 0.00 0.05 1 960 9 48432 MISPOL MIP 0.6 0.00 3.02 1 941 2 49433 PEMUG PMG 0.5 0.00 1.55 1 888 2 45434 BUDVARCEN BDV 0.5 0.00 2.04 809 2 68435 MEXPOLSKA MEX 0.4 0.00 7.35 596 3 21 2.0 6436 EUROHOLD EHG 0.4 0.00 0.16 710 1 19437 NEWWORLDN NWN 0.4 0.00 0.01 80 1 19438 BEST BST 0.4 0.00 0.34 73 1 21439 POLLENAE PLE 0.3 0.00 27.81 128 1 27440 QUANTUM QNT 0.3 0.00 6.06 178 1 29441 SOPHARMA SPH 0.2 0.00 1.01 100 0 10 6.3 3442 BNPPL BNP 0.1 0.00 0.01 8 1 33443 ELSTAROIL ELS 0.0 0.00 0.00 0 0444 ESTAR EST 0.0 0.00 1.27 0 0 3 2.7 641


Fact Book 2013Shares with highest daily turnover in 2012No. SharesDate(dd.mm)Turnovervalue(PLN million)Turnovervolume(shares)1 TPSA 17.10 528.06 39 409 9942 PKOBP 31.08 509.07 14 365 7133 KGHM 01.08 480.23 3 764 6554 KGHM 12.01 434.68 3 572 7385 KGHM 27.07 425.40 3 469 1356 KGHM 14.09 414.14 2 724 2297 KGHM 03.07 406.82 2 722 9798 KGHM 17.07 340.74 2 901 7279 KGHM 12.07 328.47 2 765 25210 KGHM 28.06 327.98 2 280 35211 PZU 15.06 322.93 993 89612 PKOBP 18.07 313.27 9 586 61913 KGHM 27.11 299.93 1 666 79814 PGE 23.02 285.58 14 790 80715 PKOBP 19.07 284.47 8 628 35816 KGHM 21.12 277.17 1 478 63817 PEKAO 07.12 273.40 1 665 47818 KGHM 14.03 266.12 1 733 35419 KGHM 15.06 262.58 1 825 51920 KGHM 07.03 261.99 1 852 17521 PKOBP 19.01 259.63 7 869 17922 PZU 19.03 256.88 770 50923 PKNORLEN 19.10 252.72 5 857 55224 KGHM 30.05 250.32 2 018 81225 KGHM 11.07 249.77 1 723 43626 KGHM 29.02 247.51 1 646 76127 TPSA 17.12 243.91 20 315 93128 KGHM 10.07 241.09 1 644 43229 KGHM 05.07 239.34 1 569 80230 PZU 22.08 238.32 673 25731 PKOBP 22.02 232.13 6 580 73732 PKNORLEN 18.10 230.22 5 187 05833 KGHM 19.06 227.17 1 541 83634 KGHM 08.06 226.27 1 708 37035 KGHM 19.01 224.18 1 757 70336 PEKAO 15.06 223.04 1 576 33737 PGNIG 06.11 222.28 50 804 259No. SharesDate(dd.mm)Turnovervalue(PLN million)Turnovervolume(shares)38 EUROCASH 31.05 217.04 5 639 71839 KGHM 06.03 212.88 1 499 64140 KGHM 01.02 212.77 1 487 56041 KGHM 28.03 212.45 1 473 22342 PZU 06.09 212.40 609 52343 KGHM 10.05 209.97 1 615 99844 PGE 16.08 209.41 10 256 37545 PZU 21.12 206.61 481 51046 KGHM 09.08 202.26 1 567 93847 PKOBP 31.01 202.14 5 790 10948 PKOBP 04.12 201.99 5 737 21349 KGHM 17.05 201.82 1 662 83050 KGHM 14.11 201.49 1 193 51351 KGHM 30.07 200.21 1 575 68752 KGHM 26.01 199.68 1 515 05253 PKOBP 26.01 199.02 5 677 51154 KGHM 16.03 196.43 1 282 72155 KGHM 19.11 195.07 1 110 64956 KGHM 25.07 195.05 1 714 19957 KGHM 28.11 193.21 1 107 84158 PZU 15.02 192.58 565 99959 PKOBP 20.07 190.87 5 910 49060 KGHM 30.03 190.61 1 337 08261 PZU 20.12 190.45 438 26962 KGHM 12.12 190.42 1 016 84363 KGHM 27.06 187.60 1 267 83864 KGHM 07.09 187.40 1 341 73265 KGHM 31.01 187.19 1 339 13066 KGHM 24.02 187.00 1 313 74467 PGE 14.08 186.97 9 276 21868 ALIOR 14.12 184.35 3 035 63069 TPSA 18.10 184.24 13 599 08970 PEKAO 18.07 183.13 1 291 73171 PEKAO 26.01 182.56 1 174 70672 PKOBP 26.04 180.97 5 578 48373 TPSA 15.06 180.11 10 502 34474 PKOBP 15.06 179.92 5 465 94042


WSE Main ListShares with highest daily turnover in 2012 (contd.)No. SharesDate(dd.mm)Turnovervalue(PLN million)Turnovervolume(shares)75 PZU 20.08 178.53 497 23376 KGHM 18.06 178.41 1 236 48177 PZU 24.08 177.10 491 71978 KGHM 29.06 176.83 1 220 91179 KGHM 28.09 176.01 1 158 26480 KGHM 31.05 175.97 1 385 22481 PGE 24.02 175.17 8 884 19182 PKOBP 16.03 173.65 4 961 45483 TPSA 18.06 173.63 10 080 00884 PKOBP 24.02 173.39 5 083 37385 KGHM 24.09 173.29 1 147 86086 PKOBP 21.09 171.64 4 654 40987 PZU 09.02 171.37 499 610No. SharesDate(dd.mm)Turnovervalue(PLN million)Turnovervolume(shares)88 KGHM 05.12 170.63 930 44089 KGHM 20.06 170.36 1 152 62790 KGHM 04.04 169.73 1 199 07791 KGHM 24.05 166.45 1 410 28492 KGHM 10.02 166.34 1 207 75093 KGHM 08.05 166.21 1 262 36394 PKOBP 21.12 166.05 4 536 56895 KGHM 09.03 165.43 1 127 27796 KGHM 05.03 165.19 1 113 20397 KGHM 06.07 164.76 1 096 79498 KGHM 12.06 164.69 1 181 04499 KGHM 12.09 163.88 1 135 063100 KGHM 13.12 163.76 869 039Shares by return in 2012No. CompanyRate of return sinceyear-beginning (%)Pricelow high end(PLN) (EUR) (PLN) (PLN) (PLN)1 URSUS 419.92 463.65 0.66 4.89 3.462 KREZUS 206.67 232.44 5.81 19.74 18.403 KINOPOL 173.12 196.07 5.50 13.80 13.554 GRAAL 171.82 194.67 5.37 15.60 14.955 ENERGOINS 137.32 157.25 6.00 14.50 14.506 LPP 131.22 150.64 1 952.00 4 890.00 4 550.007 GRAJEWO 130.30 149.64 5.22 15.10 13.158 ZPUE 129.42 148.69 112.90 257.00 247.909 EMCINSMED 124.96 143.87 6.81 16.60 15.9510 INTERSPPL 118.52 136.83 1.34 4.56 2.9511 KGHM 113.40 131.33 109.60 194.80 190.0012 AVIASG 111.64 129.42 24.51 60.00 60.0013 ERGIS 111.39 129.16 1.32 3.43 3.3414 WISTIL 111.11 128.85 5.94 33.02 11.4015 IMCOMPANY 109.35 126.94 7.70 17.35 16.3516 NFIEMF 107.87 125.33 8.02 16.66 16.6517 MENNICA 106.56 123.92 10.62 24.60 22.6618 APLISENS 97.96 114.59 7.41 14.59 14.4943


Fact Book 2013Shares by return in 2012 (contd.)No. CompanyRate of return sinceyear-beginning (%)Pricelow high end(PLN) (EUR) (PLN) (PLN) (PLN)19 WIELTON 97.84 114.48 2.26 4.90 4.2520 AZOTYTARNOW 97.80 114.42 25.25 54.00 53.9021 ASBIS 96.48 112.98 1.37 3.00 2.8822 BEST 92.15 108.30 11.25 36.50 24.0023 PCCEXOL 89.57 105.51 2.01 4.50 4.0024 APATOR 88.87 104.74 17.61 32.69 32.6325 OTMUCHOW 87.39 103.13 5.70 11.00 10.7026 BERLING 86.31 101.96 3.28 6.79 6.6027 EKOEXPORT 83.74 99.17 8.00 24.95 14.8528 GREENECO 83.33 98.72 0.56 3.56 1.6529 PULAWY 82.51 97.84 81.00 144.80 137.5030 RELPOL 81.86 97.14 4.50 9.20 8.0631 LOTOS 76.82 91.68 21.30 43.78 41.2032 SNIEZKA 76.46 91.28 22.72 39.75 39.3933 ZETKAMA 74.25 88.88 23.40 45.45 41.3834 ATM 73.75 88.34 5.50 10.50 10.3935 BENEFIT 73.54 88.12 133.00 260.00 230.0036 AMICA 70.78 85.13 31.31 55.00 54.6537 PROTEKTOR 70.46 84.77 2.28 4.70 4.0438 ZAMET 68.57 82.74 1.34 2.94 2.6539 KREDYTB 68.37 82.51 9.48 16.80 16.5040 OLYMPIC 67.95 82.06 3.25 6.89 6.5541 NTTSYSTEM 67.44 81.42 0.44 1.11 0.7242 MEGARON 66.80 80.81 18.31 38.60 33.5043 BIOTON 66.67 80.15 0.05 0.13 0.1044 FAMUR 66.20 80.16 2.71 4.97 4.7745 WAWEL 66.20 80.16 484.40 804.00 798.0046 PCGUARD 66.09 80.03 0.72 2.20 1.9147 AMBRA 64.73 78.57 5.13 8.70 8.0948 SKOTAN 63.86 77.60 2.44 5.15 4.0849 MERCOR 63.36 77.07 8.17 16.18 14.8050 FASING 62.50 76.15 16.10 29.89 26.6751 INTEGERPL 61.28 74.83 111.10 195.00 184.5052 KRAKCHEM 60.93 74.45 3.61 6.40 5.9053 MCI 60.86 74.37 3.75 6.45 6.3754 CCC 59.85 73.27 45.12 76.70 73.0055 EKO 59.77 73.19 3.05 7.04 6.9544


WSE Main ListShares by return in 2012 (contd.)No. CompanyRate of return sinceyear-beginning (%)Pricelow high end(PLN) (EUR) (PLN) (PLN) (PLN)56 VOXEL 58.77 72.11 14.00 19.81 18.1057 EDINVEST 58.69 72.02 2.47 5.95 4.0058 ZELMER 58.17 71.46 25.50 39.33 39.2859 STAPORKOW 57.75 71.00 13.25 39.00 20.4760 ODLEWNIE 56.80 69.96 1.21 2.62 1.9661 SANOK 56.45 69.60 10.47 19.23 18.1562 BANKBPH 54.23 67.18 30.77 49.50 48.8963 EUROCASH 53.83 66.75 27.71 49.00 43.7064 SECOGROUP 53.76 66.68 20.36 39.30 35.2165 ECHO 53.50 66.38 3.28 5.57 5.0566 PEP 51.53 64.26 18.15 32.95 28.7067 ROPCZYCE 50.88 63.55 11.00 20.00 17.2068 PZU 50.85 63.53 290.10 441.50 437.0069 YAWAL 50.70 63.37 3.40 7.80 5.3570 AMREST 50.31 62.94 61.00 99.00 96.2071 HANDLOWY 49.87 62.46 65.35 102.10 98.3072 SELENAFM 49.81 62.39 5.12 11.90 7.9473 KOFOLA 49.30 61.85 16.92 32.00 27.5074 LENA 48.40 60.89 1.85 3.15 3.0075 SIMPLE 47.53 59.93 4.80 10.34 7.2376 WADEX 46.66 58.98 4.90 11.00 10.7877 PKNORLEN 46.02 58.29 31.44 53.70 49.5078 PWRMEDIA 45.03 57.23 0.70 1.58 1.3079 MOSTALPLC 44.83 57.00 10.35 22.84 21.0080 KETY 44.46 56.60 97.60 151.10 144.9081 FORTE 44.43 56.56 8.60 12.90 12.9082 INSTALKRK 44.00 56.09 11.52 17.95 17.1583 HYGIENIKA 43.18 55.22 0.76 1.59 1.2684 ROBYG 43.11 55.18 1.04 1.84 1.4385 ENAP 43.08 55.03 0.65 1.18 0.9386 NEUCA 42.96 54.97 67.50 100.00 95.5087 MIESZKO 42.95 54.97 2.96 4.56 4.3688 FARMACOL 42.94 54.95 19.50 33.83 32.5989 RESBUD 41.52 53.40 3.33 70.00 5.5990 HYDROTOR 41.44 53.33 19.84 33.55 26.9491 VOTUM 41.00 52.85 3.25 5.00 4.6492 RAINBOW 40.96 52.79 2.25 4.50 4.1345


Fact Book 2013Shares by return in 2012 (contd.)No. CompanyRate of return sinceyear-beginning (%)Pricelow high end(PLN) (EUR) (PLN) (PLN) (PLN)93 BBIDEVNFI 40.74 52.70 0.27 0.40 0.3894 PRESCO 40.54 52.35 5.04 9.90 7.2895 MONNARI 40.24 51.97 0.71 1.51 1.1596 NOVITA 40.18 51.95 17.00 24.94 22.6097 MWTRADE 40.00 51.76 6.70 12.00 9.8098 EUROTEL 38.84 50.51 11.44 17.99 17.3099 ELEKTROTI 38.40 50.03 6.50 10.50 8.60100 GETINOBLE 38.29 49.91 1.32 2.15 1.79101 IMPEL 36.66 48.14 22.10 31.90 30.74102 ZASTAL 36.23 47.70 0.69 2.63 1.88103 ACAUTOGAZ 35.81 47.22 19.00 24.89 24.50104 VISTULA 35.48 46.87 0.72 1.38 1.08105 PROJPRZEM 35.38 46.76 4.76 9.83 8.80106 BOGDANKA 35.15 46.51 103.90 143.00 136.00107 COMARCH 35.15 46.50 53.90 80.00 73.50108 OPENFIN 34.95 46.29 9.61 17.00 14.00109 LCCORP 34.48 45.79 0.85 1.50 1.17110 4FUNMEDIA 34.33 45.61 13.60 21.25 20.20111 QUERCUS 34.13 45.42 1.87 2.75 2.46112 SYNTHOS 33.82 45.06 4.16 6.78 5.41113 POLNA 33.57 44.79 9.05 13.35 13.09114 ACE 33.03 44.20 4.16 8.17 5.70115 OVOSTAR 32.84 44.00 68.00 132.50 89.00116 BRE 32.52 43.65 239.00 337.00 326.00117 OPTEAM 32.31 43.42 1.54 4.95 4.30118 WARIMPEX 32.20 43.31 2.62 4.63 3.90119 KOGENERA 31.96 43.05 61.00 90.00 86.50120 KREC 30.77 41.75 2.31 3.84 3.40121 DUON 30.19 41.08 0.51 0.84 0.69122 KANIA 29.50 40.39 1.32 2.13 1.80123 PRAGMAFA 29.32 40.18 12.77 18.31 16.35124 DREWEX 29.17 40.15 0.19 0.84 0.31125 SONEL 28.02 38.77 3.99 6.20 4.91126 PGNIG 27.70 38.43 3.61 5.25 5.21127 CIECH 27.59 38.30 14.76 23.59 22.20128 ASSECOBS 27.53 38.25 8.00 11.14 10.75129 ADVGRUPA 27.50 38.22 8.80 15.50 13.1246


Fact Book 2013Shares by return in 2012 (contd.)No. CompanyRate of return sinceyear-beginning (%)Pricelow high end(PLN) (EUR) (PLN) (PLN) (PLN)167 BSCDRUK 15.93 25.67 13.29 17.50 17.20168 INGBSK 15.78 25.50 71.50 93.50 91.00169 STALEXP 15.70 25.40 0.99 1.45 1.40170 ENERGOPOL 15.62 25.33 4.41 10.33 8.44171 GPW 14.62 24.25 32.10 43.89 38.87172 ELBUDOWA 14.47 24.09 84.50 120.00 106.50173 CASHFLOW 14.35 23.96 1.86 3.85 2.39174 POZBUD 13.34 22.88 2.43 4.60 3.40175 ASSECOSEE 13.29 22.80 6.81 9.90 9.20176 DROP 13.29 22.81 6.85 17.11 9.00177 KOV 12.93 22.43 1.08 1.93 1.31178 KRKA 12.38 21.82 181.50 240.00 220.00179 MAGELLAN 11.84 21.24 36.45 47.90 42.50180 POLLENAE 11.76 21.15 7.19 10.90 9.50181 KPPD 11.00 20.33 21.80 29.00 24.31182 IPOPEMA 10.85 20.16 5.42 10.90 8.89183 ENELMED 10.81 20.13 2.60 5.02 4.10184 BZWBK 10.68 19.98 217.70 245.40 241.90185 QUMAKSEK 10.57 19.85 6.99 12.36 9.31186 PELION 10.25 19.52 23.01 37.50 30.50187 BEDZIN 10.22 19.48 24.00 31.50 24.85188 INTERAOLT 10.22 19.48 25.59 26.65 26.64189 ALIOR 9.91 19.15 59.50 63.55 62.65190 TERESA 9.69 18.90 10.91 18.50 13.22191 ATLASEST 9.27 18.46 1.26 2.30 1.65192 INTERCARS 9.19 18.36 79.30 110.00 86.00193 ZEPAK 8.59 17.71 25.30 28.45 28.45194 EMPERIA 8.42 17.52 37.00 119.90 57.95195 MARVIPOL 8.38 17.48 6.11 11.00 9.70196 RAFAKO 7.98 17.05 5.70 11.70 8.39197 WOJAS 7.89 16.96 3.51 4.88 4.10198 EXILLON 7.88 16.94 6.10 9.00 7.94199 ALCHEMIA 7.53 16.56 4.11 6.91 5.00200 INPRO 7.23 16.23 2.81 4.40 3.23201 POLMED 6.97 15.93 1.31 2.58 1.83202 ARMATURA 6.86 15.81 0.99 2.03 1.22203 TFONE 6.82 15.78 1.13 2.88 1.8848


WSE Main ListShares by return in 2012 (contd.)No. CompanyRate of return sinceyear-beginning (%)Pricelow high end(PLN) (EUR) (PLN) (PLN) (PLN)204 BUDIMEX 6.13 15.04 45.37 89.00 70.00205 BBICAPNFI 5.97 14.90 0.64 1.17 0.71206 PEPEES 5.95 14.83 0.66 1.07 0.89207 ASTARTA 5.77 14.66 46.00 74.85 55.00208 PRAGMAINK 5.71 14.59 15.60 21.50 19.17209 CALATRAVA 5.56 14.48 0.25 0.53 0.38210 DECORA 5.02 13.84 4.86 13.00 8.50211 PEGAS 4.96 13.78 62.30 86.00 77.00212 AGORA 4.95 13.77 6.35 13.31 10.38213 INTROL 4.05 12.80 3.35 4.88 4.45214 ESSYSTEM 4.03 12.78 1.80 3.46 2.50215 ORBIS 3.86 12.59 34.02 47.99 38.00216 HUTMEN 3.79 12.51 3.02 4.29 3.29217 ZREMB 3.70 12.44 0.21 0.45 0.28218 MILKILAND 3.57 12.27 13.03 21.24 14.50219 KREDYTIN 3.23 11.90 11.02 15.50 12.80220 MOJ 3.07 11.73 1.42 2.30 1.68221 ATMGRUPA 3.01 11.65 0.83 2.08 1.02222 PANOVA 2.81 11.45 14.00 25.61 19.00223 SKOK 2.79 11.42 2.65 3.75 2.90224 ELZAB 2.76 11.39 0.94 1.85 1.49225 PATENTUS 2.69 11.33 1.13 2.29 1.91226 MOL 2.62 11.24 217.80 293.10 249.40227 TATRY 2.58 11.20 176.00 185.00 183.00228 WIKANA 2.56 11.21 0.37 0.77 0.40229 BARLINEK 1.81 10.35 0.65 1.87 0.90230 ABPL 1.78 10.33 17.50 24.53 19.44231 PAMAPOL 1.48 10.01 1.70 3.28 2.74232 KRUK 0.78 9.24 41.30 52.00 44.06233 RAFAMET 0.38 8.82 16.56 20.90 17.66234 BETACOM 0.14 8.55 4.60 7.70 5.40235 IDEON 0.00 8.56 0.13 0.22 0.16236 IMPEXMET 0.00 8.40 3.07 4.54 3.50237 RADPOL -0.51 7.85 7.41 10.69 8.00238 MAKRUM -0.96 7.35 0.92 1.43 1.03239 RONSON -1.22 7.05 0.60 1.20 0.81240 LUBAWA -1.41 6.91 0.60 0.94 0.7049


Fact Book 2013Shares by return in 2012 (contd.)No. CompanyRate of return sinceyear-beginning (%)Pricelow high end(PLN) (EUR) (PLN) (PLN) (PLN)241 LSTCAPITA -1.56 6.69 0.36 0.85 0.63242 BORYSZEW -1.59 6.73 0.48 0.89 0.62243 TOYA -1.64 6.63 1.80 3.15 2.40244 ASSECOPOL -1.94 6.29 38.80 55.45 45.35245 KCI -2.17 6.05 0.42 0.90 0.45246 CAMMEDIA -2.27 5.95 2.87 4.71 3.02247 TVN -2.79 5.38 5.90 12.40 9.92248 UNIMA -2.88 5.28 2.91 3.94 3.17249 PGE -3.23 4.90 16.72 21.78 18.21250 BMPAG -3.53 4.59 2.38 3.43 2.46251 KERNEL -3.89 4.19 51.00 76.00 66.75252 ABCDATA -4.19 3.85 1.74 2.94 2.08253 NOWAGALA -4.27 3.77 1.75 2.42 1.96254 AMPLI -4.48 3.53 1.20 2.75 1.28255 VARIANT -4.73 3.28 1.16 2.07 1.41256 SWISSMED -5.00 3.02 0.44 0.89 0.57257 TAURONPE -5.03 2.95 4.08 5.61 4.75258 ERBUD -5.10 2.87 11.06 23.50 13.95259 FORTUNA -5.18 2.78 12.30 17.80 13.50260 COLIAN -5.22 2.75 1.70 3.14 2.18261 KBDOM -5.56 2.21 0.10 0.23 0.17262 K2INTERNT -6.39 1.47 10.41 24.80 16.99263 TELL -6.54 1.31 6.60 11.91 10.00264 PEMUG -6.67 1.18 0.75 1.69 0.98265 MCLOGIC -6.90 0.92 19.90 42.45 32.00266 PEKAES -7.25 0.54 4.30 7.30 5.50267 AGROWILL -7.69 0.07 0.55 0.97 0.60268 COMP -7.91 -0.17 47.00 78.60 59.40269 SKYLINE -8.62 -0.96 1.53 4.39 1.59270 HYPERION -8.73 -1.08 1.98 3.63 2.09271 SILVANO -9.07 -1.43 10.00 15.85 12.00272 FOTA -9.09 -1.45 3.75 9.95 4.20273 FERRUM -9.15 -1.51 6.34 12.99 7.45274 CCIINT -9.41 -1.80 25.60 36.80 26.00275 HARPER -9.42 -1.80 1.48 3.20 1.73276 CHEMOS -10.04 -2.53 0.18 0.35 0.19277 ENEA -10.05 -2.49 14.11 18.99 15.7350


WSE Main ListShares by return in 2012 (contd.)No. CompanyRate of return sinceyear-beginning (%)Pricelow high end(PLN) (EUR) (PLN) (PLN) (PLN)278 MOSTALZAB -10.94 -3.45 0.80 1.84 1.14279 TIM -11.19 -3.73 4.52 9.43 5.22280 ATREM -11.36 -3.91 3.15 8.90 3.90281 FASTFIN -11.63 -4.21 0.30 0.56 0.38282 JUPITER -12.00 -4.59 0.56 1.39 0.66283 PRIMAMODA -12.20 -4.83 3.60 8.24 3.60284 INDYKPOL -12.28 -4.91 34.80 47.51 35.70285 BIPROMET -12.29 -4.92 4.20 8.67 6.30286 UNIBEP -13.00 -5.69 3.56 6.39 5.05287 TRAKCJA -13.24 -5.97 0.55 1.53 0.59288 MEDIATEL -13.43 -6.16 0.88 2.56 1.16289 EUCO -13.53 -6.27 7.00 15.09 10.14290 ZYWIEC -13.74 -6.49 421.60 584.00 426.00291 ORZBIALY -14.29 -7.09 12.26 27.49 15.77292 PROCHNIK -14.29 -7.10 0.16 0.35 0.24293 CEZ -14.34 -7.15 100.10 141.50 110.00294 IZOLACJA -15.00 -7.84 0.57 1.23 0.68295 NORTCOAST -15.00 -7.95 0.32 0.63 0.34296 KOPEX -15.71 -8.63 15.30 26.00 17.70297 MNI -16.00 -8.93 1.33 2.72 1.47298 CITYINTER -16.07 -9.02 16.56 31.39 24.34299 WORKSERV -16.22 -9.18 4.22 7.59 5.65300 PERMEDIA -16.52 -9.50 5.26 9.25 5.66301 MEWA -16.67 -9.57 0.18 0.40 0.25302 QUANTUM -16.92 -9.94 5.00 9.00 5.19303 ARCTIC -17.21 -10.26 4.47 8.13 5.86304 ERG -17.39 -10.37 0.33 0.68 0.38305 OPONEO.PL -17.39 -10.45 6.60 10.88 7.00306 LIBRA -19.21 -12.43 1.35 23.88 1.64307 NETIA -19.25 -12.47 4.21 6.75 4.28308 ALMA -19.40 -12.63 26.26 36.49 27.00309 SYGNITY -19.68 -12.93 10.84 23.50 14.45310 LSISOFT -19.72 -12.97 2.48 4.45 2.85311 CCENERGY -20.00 -13.25 0.17 0.35 0.20312 STALPROD -20.00 -13.28 155.00 295.00 184.00313 PBSFINANSE -20.75 -14.08 0.36 0.69 0.42314 MOSTALWAR -21.56 -14.97 11.13 22.96 12.5551


Fact Book 2013Shares by return in 2012 (contd.)No. CompanyRate of return sinceyear-beginning (%)Pricelow high end(PLN) (EUR) (PLN) (PLN) (PLN)315 TPSA -22.32 -15.80 11.56 18.08 12.23316 KDMSHIPNG -22.53 -16.02 23.00 34.80 25.10317 CORMAY -22.94 -16.47 8.16 17.40 12.93318 DGA -23.16 -16.70 1.16 2.39 1.36319 POLNORD -23.53 -17.11 9.67 19.89 10.40320 SFINKS -23.58 -17.16 0.78 2.14 0.94321 KOELNER -24.45 -18.10 8.02 13.95 8.80322 JWCONSTR -25.05 -18.75 3.22 8.56 4.04323 MUZA -25.16 -18.87 3.20 5.63 3.48324 WILBO -25.81 -19.59 0.09 1.06 0.46325 POLAQUA -25.93 -19.70 3.20 8.51 3.40326 TRANSPOL -26.84 -20.69 5.07 12.00 5.78327 SOBIESKI -27.01 -20.88 141.00 368.50 154.00328 PLAZACNTR -27.69 -21.61 1.31 3.07 1.41329 ULMA -28.10 -22.06 37.10 74.80 43.85330 06MAGNA -28.13 -22.21 0.21 0.46 0.23331 KONSSTALI -28.36 -22.34 23.20 43.00 24.85332 EUROHOLD -28.57 -22.57 2.00 3.75 2.30333 HELIO -28.92 -22.95 4.30 9.80 5.21334 BLACKLION -28.97 -23.03 0.58 1.63 0.76335 PROCAD -29.60 -23.67 0.88 1.74 0.88336 BUDVARCEN -30.17 -24.29 1.50 2.91 1.69337 KOMPAP -30.58 -24.75 5.70 8.75 5.97338 MIDAS -30.76 -24.96 0.49 1.42 0.65339 HERKULES -30.81 -25.04 0.16 1.37 1.28340 ORCOGROUP -30.94 -25.14 5.90 19.85 10.00341 COMPLEX -31.67 -25.92 0.87 2.14 0.88342 MIRBUD -31.67 -25.92 0.87 2.71 1.23343 NEWWORLDR -31.90 -26.18 11.00 29.50 15.80344 COGNOR -32.92 -27.29 2.06 4.42 2.18345 BOS -33.35 -27.75 27.01 55.00 30.00346 GINOROSSI -34.42 -28.92 0.89 2.00 0.98347 IVMX -34.70 -29.21 4.21 8.50 4.95348 WANDALEX -35.03 -29.57 0.87 2.64 1.20349 TRAVELPL -35.75 -30.35 5.47 9.69 6.20350 NORDEABP -35.96 -30.58 23.05 37.50 24.90351 DRAGOWSKI -36.21 -30.85 0.36 0.91 0.37352 SOPHARMA -36.29 -30.94 3.50 7.77 4.0052


WSE Main ListShares by return in 2012 (contd.)No. CompanyRate of return sinceyear-beginning (%)Pricelow high end(PLN) (EUR) (PLN) (PLN) (PLN)353 SANWIL -36.36 -31.06 0.19 0.60 0.21354 BAKALLAND -36.71 -31.39 2.26 5.14 2.69355 DMWDM -36.84 -31.51 0.22 0.50 0.24356 MIT -38.18 -33.01 0.33 1.00 0.34357 ECARD -38.46 -33.28 0.15 0.29 0.16358 PETROLINV -38.86 -33.73 0.95 3.16 1.40359 DUDA -39.06 -33.95 0.35 0.91 0.39360 LIBET -39.15 -34.05 1.75 4.74 1.98361 GANT -39.53 -34.45 2.59 9.98 3.90362 ADVADIS -40.00 -34.51 0.03 0.11 0.03363 BNPPL -41.00 -36.05 44.00 87.80 50.00364 ESTAR -41.31 -36.38 85.10 130.50 85.10365 MAKARONPL -41.73 -36.83 1.95 4.15 2.15366 IQP -41.99 -37.12 0.66 2.39 1.05367 DELKO -43.16 -38.39 1.78 5.80 2.16368 KRUSZWICA -43.17 -38.40 23.00 66.15 28.40369 KSGAGRO -43.41 -38.66 8.81 24.50 11.60370 REMAK -43.93 -39.21 14.20 35.00 16.20371 EUIMPLANT -44.44 -39.82 0.07 0.29 0.10372 FON -44.44 -39.95 0.09 0.33 0.10373 TUP -44.86 -40.22 1.80 5.00 1.93374 INVESTCON -44.89 -40.25 0.72 2.25 0.97375 NOKAUT -45.08 -40.47 5.80 12.78 6.59376 SEKO -45.08 -40.47 2.24 7.10 3.35377 AGROTON -46.24 -41.72 7.29 24.40 10.00378 IFCAPITAL -46.27 -41.73 0.29 14.97 0.36379 TALEX -47.60 -43.19 4.70 10.50 5.13380 MOSTALEXP -47.76 -43.38 0.34 0.87 0.35381 MOBRUK -47.92 -43.54 47.70 99.00 50.00382 TESGAS -48.53 -44.20 2.67 8.80 3.32383 BUMECH -48.63 -44.31 6.00 14.15 6.19384 DROZAPOL -48.67 -44.35 0.76 1.87 0.77385 BOWIM -50.24 -46.05 3.90 14.99 4.23386 ATMSI -51.42 -47.34 1.04 2.65 1.23387 ELKOP -51.85 -47.79 0.13 0.42 0.13388 POLCOLORIT -52.94 -49.09 0.08 0.24 0.08389 BBIZENNFI -53.85 -49.94 0.13 0.69 0.18390 ROVESE -55.01 -51.23 1.29 5.85 1.4253


Fact Book 2013Shares by return in 2012 (contd.)No. CompanyRate of return sinceyear-beginning (%)Pricelow high end(PLN) (EUR) (PLN) (PLN) (PLN)391 COALENERG -55.67 -51.95 9.25 29.00 9.53392 IGROUP -56.52 -52.83 0.18 0.70 0.20393 INTERBUD -56.68 -53.04 2.64 7.80 2.86394 SOLAR -56.92 -53.30 5.34 14.18 5.60395 VINDEXUS -57.22 -53.63 2.50 8.18 2.99396 POINTGROUP -57.38 -53.80 0.09 0.70 0.26397 EFH -58.14 -54.62 0.16 0.73 0.18398 CEDC -58.94 -55.49 4.60 20.59 6.20399 B3SYSTEM -60.00 -56.63 0.46 1.75 0.62400 GETIN -60.00 -56.64 1.43 7.38 2.82401 IDEATFI -60.38 -57.05 1.33 6.79 1.47402 BYTOM -61.54 -58.29 0.25 0.81 0.25403 POLIMEXMS -61.66 -58.43 0.46 2.09 0.62404 BUDOPOL -62.34 -59.15 0.24 0.97 0.29405 RUBICON -62.96 -59.85 0.20 0.68 0.20406 MISPOL -64.15 -61.14 0.70 3.80 1.14407 AWBUD -64.37 -61.37 0.51 1.99 0.62408 NOVAKBM -65.49 -62.59 3.70 15.81 4.97409 POLJADLO -66.07 -63.25 0.17 0.77 0.19410 REGNON -66.67 -63.73 0.03 0.18 0.03411 REDAN -66.80 -64.01 0.83 3.42 0.85412 TRITON -67.71 -65.01 1.02 3.85 1.13413 PCCINTER -67.92 -65.22 1.34 4.98 1.45414 PBOANIOLA -68.75 -66.13 0.96 5.11 1.00415 ATLANTIS -71.11 -68.69 0.11 0.60 0.13416 ATLANTAPL -71.70 -69.32 3.00 13.80 3.15417 VANTAGE -72.25 -69.91 0.99 2.24 1.31418 CELTIC -74.23 -72.06 3.50 19.38 4.51419 MIRACULUM -74.42 -72.28 0.11 0.70 0.11420 SADOVAYA -74.94 -72.84 1.35 10.90 2.07421 WESTAISIC -75.25 -73.18 0.42 4.50 0.74422 REINHOLD -75.65 -73.62 0.24 1.99 0.28423 MEXPOLSKA -76.50 -74.52 2.25 10.89 2.35424 JHMDEV -77.46 -75.58 0.21 1.44 0.32425 PLASTBOX -78.28 -76.46 1.93 12.94 2.45426 08OCTAVA -78.81 -77.02 0.55 3.95 0.71427 DSS -83.26 -81.85 0.91 10.30 1.17428 IDMSA -83.72 -82.37 0.16 2.21 0.2154


WSE Main ListShares by return in 2012 (contd.)No. CompanyRate of return sinceyear-beginning (%)Pricelow high end(PLN) (EUR) (PLN) (PLN) (PLN)429 INTAKUS -84.17 -82.84 0.12 1.40 0.22430 ENERGOPLD -86.10 -84.93 0.16 2.41 0.26431 ABMSOLID -89.38 -88.49 0.11 4.75 0.17432 BOMI -89.75 -88.89 0.17 3.23 0.19433 EUROMARK -91.51 -90.79 0.06 2.39 0.09434 PBG -92.56 -91.94 3.25 85.80 5.28435 ONE2ONE -93.64 -93.09 0.14 3.46 0.14436 ALTERCO -95.26 -94.86 0.66 47.98 2.13437 HBPOLSKA -97.26 -97.04 0.01 1.47 0.02Shares with highest monthly returns in 2012, by monthMonths Company Return (%)(PLN)(EUR)January HERMAN 264.18 280.49February WISTIL 157.13 164.74March RESBUD 422.09 422.26April BGZ 57.28 56.89May DREWEX 134.48 122.88June ANTI 180.26 187.57July INTERBUD 51.61 57.23August WILBO 94.44 92.41September WESTAISIC 137.78 141.73October ALTERCO 238.75 236.97November AVIASG 58.92 60.03December MISPOL 56.16 57.3755


Fact Book 2013Shares with highest monthly returns in 2012No. Shares MonthReturn (%)(PLN) (EUR)1 RESBUD March 422.09 422.262 HERMAN January 264.18 280.493 ALTERCO October 238.75 236.974 ANTI June 180.26 187.575 WISTIL February 157.13 164.746 INTERSPPL February 139.52 146.627 WESTAISIC September 137.78 141.738 DREWEX May 134.48 122.889 NTTSYSTEM January 106.98 116.2210 EUROMARK February 99.00 104.9011 BEST March 96.23 96.2912 PCCEXOL October 94.98 93.9513 WILBO August 94.44 92.4114 ZASTAL October 93.14 92.1715 TRAKCJA January 91.18 99.6816 HERMAN February 91.09 96.7517 STAPORKOW February 87.94 93.5118 WARFAMA March 84.44 84.5119 BIOTON January 83.33 91.1820 POINTGROUP October 80.00 79.0121 ANTI August 79.78 77.9722 BEST October 78.57 77.6523 PEMUG March 77.89 77.9624 ENERGOPLD October 72.73 71.7825 YAWAL January 68.45 76.0226 SKYLINE January 66.67 74.1427 PRONOX February 66.67 72.0428 ATREM January 65.91 73.3629 RESBUD February 63.23 68.0630 IFCAPITAL March 62.72 62.7831 SIMPLE February 62.50 67.3032 ODLEWNIE January 61.60 68.8733 PCGUARD October 59.57 58.7734 AVIASG November 58.92 60.0335 POLIMEXMS September 57.69 60.3436 PETROLINV October 57.48 56.6937 BGZ April 57.28 56.8938 MISPOL December 56.16 57.3739 SELENAFM January 56.04 63.0440 IQP September 55.71 58.40No. Shares MonthReturn (%)(PLN) (EUR)41 ORCOGROUP October 54.09 53.3042 ONE2ONE August 53.85 52.2343 EMCINSMED October 53.63 52.8444 FOTA January 53.03 59.9045 ASBIS January 52.56 59.4046 INTERBUD July 51.61 57.2347 URSUS August 51.11 49.5748 B3SYSTEM October 50.91 50.1149 SFINKS January 50.41 57.1650 AMPLI February 50.37 54.8051 WISTIL January 48.15 54.8052 PRIMAMODA March 47.39 47.4453 NFIEMF December 47.35 48.5054 KOMPUTRON January 47.20 53.8155 WISTIL March 47.06 47.1156 ABMSOLID January 46.88 53.4457 CALATRAVA August 46.43 44.9758 OTMUCHOW January 46.23 52.8059 ATLASEST September 46.15 48.6660 EKO October 44.26 43.5261 ZAMET May 43.89 36.7962 ZASTAL September 43.66 46.0863 CASHFLOW January 43.54 49.9864 WILBO November 43.33 44.2165 POLJADLO July 43.33 48.7266 FERRO February 43.11 47.3567 SELENAFM November 43.05 44.0568 BBICAPNFI February 43.04 47.2869 EDINVEST January 42.86 49.2770 MONNARI January 42.68 49.0671 SKOTAN June 41.78 45.4872 ESSYSTEM June 41.76 45.4873 EDINVEST March 41.71 41.7674 ABMSOLID December 41.67 42.8175 POLAQUA February 41.21 45.3976 OVOSTAR January 41.04 47.3877 JWCONSTR January 41.00 47.3478 VISTULA January 40.74 47.0679 EKOEXPORT March 40.72 40.7780 WARIMPEX January 40.68 47.0056


WSE Main ListDividends paid by listed companies in 2012No. CompanyGeneralMeetingdate(dd.mm.yy)Recorddate(dd.mm.yy)Dividend pershare(PLN)*1 PULAWY 19.12.11 31.01.12 3.662 NEWWORLDR 22.02.12 30.03.12 0.293 NEWWORLDN 22.02.12 30.03.12 0.294 SOLAR 24.02.12 24.02.12 0.655 MCLOGIC 19.03.12 04.02.12 2.506 ACAUTOGAZ 27.03.12 13.04.12 2.387 SYNTHOS 28.03.12 04.12.12 0.508 TVN 30.03.12 16.04.12 0.109 CENTKLIMA 05.04.12 23.04.12 0.5010 IDEATFI 10.04.12 20.04.12 0.4311 KRAKCHEM 10.04.12 29.06.12 0.3512 4FUNMEDIA 11.04.12 27.04.12 1.7513 RADPOL 11.04.12 07.11.12 0.4714 TPSA 12.04.12 21.06.12 1.5015 ASSECOSEE 12.04.12 07.02.12 0.3616 NOWAGALA 16.04.12 05.07.12 0.0717 NEUCA 16.04.12 05.07.12 2.6018 ZYWIEC 18.04.12 05.09.12 24.0019 TALEX 18.04.12 21.05.12 0.2020 ASSECOBS 18.04.12 14.05.12 0.9621 ASSECOSLO 19.04.12 24.04.12 2.7822 IVMX 24.04.12 31.05.12 0.2723 TAURONPE 24.04.12 07.02.12 0.3124 WAWEL 24.04.12 24.05.12 11.0025 PWRMEDIA 25.04.12 18.05.12 0.0726 ASSECOPOL 25.04.12 17.05.12 2.1927 QUERCUS 25.04.12 15.06.12 0.2028 ARMATURA 25.04.12 29.06.12 0.2029 BUDIMEX 26.04.12 15.05.12 10.9730 MOL 26.04.12 15.06.12 6.5931 ELBUDOWA 26.04.12 25.07.12 4.0032 ACTION 27.04.12 17.05.12 0.8433 BOGDANKA 27.04.12 18.05.12 4.0034 ORZBIALY 27.04.12 28.05.12 0.7535 STAPORKOW 07.05.12 08.02.12 0.5536 EUROTEL 08.05.12 21.05.12 1.5037 LENA 08.05.12 30.05.12 0.1538 PELION 09.05.12 24.05.12 1.5039 ESSYSTEM 09.05.12 07.02.12 0.1040 IZOSTAL 10.05.12 08.10.12 0.1741 BZWBK 10.05.12 24.05.12 8.0042 DECORA 11.05.12 23.07.12 0.3043 BIPROMET 11.05.12 16.07.12 0.25No. CompanyGeneralMeetingdate(dd.mm.yy)Recorddate(dd.mm.yy)Dividend pershare(PLN)*44 KINOPOL 14.05.12 29.05.12 1.0045 EMPERIA 15.05.12 30.05.12 56.4146 QUANTUM 17.05.12 06.11.12 0.3547 TERESA 22.05.12 06.05.12 1.1448 UNIBEP 22.05.12 07.06.12 0.1249 FERRO 23.05.12 06.12.12 0.3050 DOMDEV 23.05.12 06.12.12 1.5051 KONSSTALI 23.05.12 26.07.12 2.0052 ENELMED 24.05.12 16.07.12 0.0353 EKOEXPORT 25.05.12 06.05.12 0.2054 BSCDRUK 25.05.12 06.06.12 0.5055 FORTUNA 25.05.12 06.08.12 0.9956 KOELNER 25.05.12 29.06.12 0.3357 VOTUM 28.05.12 06.12.12 0.3658 ELEKTROTI 28.05.12 06.12.12 1.0059 SONEL 29.05.12 20.06.12 0.4060 KETY 29.05.12 07.12.12 5.0061 POLMED 29.05.12 16.07.12 0.0362 INDYKPOL 29.05.12 16.08.12 0.4863 PGE 30.05.12 22.08.12 1.8364 PZU 30.05.12 30.08.12 22.4365 WADEX 30.05.12 07.09.12 0.3066 APLISENS 30.05.12 18.06.12 0.2567 PRAGMAFA 30.05.12 14.06.12 1.6668 ROBYG 31.05.12 06.11.12 0.1269 BENEFIT 31.05.12 20.06.12 6.0070 JSW 31.05.12 07.06.12 5.3871 KRUSZWICA 31.05.12 31.07.12 0.9872 PEKAO 01.06.12 19.06.12 5.3873 DEBICA 04.06.12 08.03.12 3.2974 RAFAMET 05.06.12 09.03.12 0.4475 INPRO 05.06.12 07.03.12 0.2076 PKOBP 06.06.12 06.12.12 1.2777 WIELTON 06.06.12 08.03.12 0.2078 STALPROFI 06.06.12 09.05.12 0.2779 COMPLEX 11.06.12 29.06.12 0.0880 PRAGMAINK 11.06.12 07.02.12 0.8481 ZAMET 11.06.12 29.06.12 0.1882 BERLING 13.06.12 29.06.12 0.2083 WANDALEX 14.06.12 29.06.12 0.1284 UNIMA 14.06.12 14.08.12 0.2385 ORBIS 14.06.12 16.07.12 1.4086 ENERGOINS 14.06.12 09.07.12 0.2557


Fact Book 2013Dividends paid by listed companies in 2012 (contd.)No. CompanyGeneralMeetingdate(dd.mm.yy)Recorddate(dd.mm.yy)Dividend pershare(PLN)*87 SNIEZKA 15.06.12 07.04.12 1.3588 EUROCASH 15.06.12 07.02.12 0.1889 PEGAS 15.06.12 19.10.12 4.3290 APATOR 18.06.12 07.06.12 0.7591 SOPHARMA 19.06.12 07.03.12 0.1592 PRESCO 19.06.12 29.06.12 0.1693 MEGARON 20.06.12 29.06.12 0.8094 EUCO 20.06.12 14.09.12 0.4895 HANDLOWY 20.06.12 07.05.12 2.7696 ZPUE 20.06.12 07.04.12 6.4097 EDINVEST 20.06.12 07.11.12 0.1598 SKOK 20.06.12 07.02.12 0.0299 ARTERIA 21.06.12 17.10.12 0.23100 BEDZIN 21.06.12 07.09.12 1.80101 LIBET 21.06.12 07.12.12 0.40102 EFEKT 22.06.12 20.09.12 0.55103 ULMA 22.06.12 21.08.12 2.66104 FORTE 22.06.12 19.07.12 0.75105 AGORA 22.06.12 16.07.12 1.00106 MIRBUD 22.06.12 20.09.12 0.10107 IMPEL 23.06.12 14.08.12 1.50108 HYDROTOR 23.06.12 30.08.12 1.25109 ZELMER 25.06.12 08.10.12 1.95110 COMARCH 25.06.12 31.07.12 1.50111 KOFOLA 25.06.12 25.09.12 0.89112 LPP 25.06.12 09.05.12 77.36113 FASING 25.06.12 30.08.12 0.60114 SANOK 26.06.12 30.08.12 0.64115 OPONEO.PL 26.06.12 31.08.12 0.20116 CEZ 26.06.12 07.02.12 7.48117 INTROL 26.06.12 23.07.12 0.31118 RELPOL 26.06.12 07.12.12 0.20No. CompanyGeneralMeetingdate(dd.mm.yy)Recorddate(dd.mm.yy)Dividend pershare(PLN)*119 ZETKAMA 26.06.12 27.07.12 1.00120 KOGENERA 26.06.12 14.08.12 4.41121 DROP 27.06.12 16.07.12 1.20122 GPW 27.06.12 07.06.12 1.44123 INTERCARS 28.06.12 17.07.12 0.30124 ARCTIC 28.06.12 31.07.12 0.18125 ATMSI 28.06.12 07.09.12 0.07126 CHEMOS 28.06.12 23.07.12 0.01127 KGHM 28.06.12 16.07.12 28.34128 SIMPLE 28.06.12 31.08.12 0.23129 NOVITA 28.06.12 31.07.12 2.90130 IPOPEMA 28.06.12 07.06.12 0.52131 OPENFIN 28.06.12 28.09.12 0.27132 ENEA 29.06.12 13.08.12 0.48133 ATMGRUPA 29.06.12 27.07.12 0.12134 ABCDATA 29.06.12 14.09.12 0.16135 INTERBUD 29.06.12 07.06.12 0.29136 CCC 29.06.12 27.09.12 1.60137 TIM 29.06.12 25.07.12 0.60138 TATRY 30.06.12 30.06.12 4.09139 KDMSHIPNG 30.06.12 30.06.12 2.54140 SILVANO 30.06.12 13.07.12 1.05141 KOMPUTRON 20.08.12 13.09.12 0.36142 ZAMET 21.08.12 09.12.12 0.20143 NEWWORLDN 22.08.12 09.07.12 0.25144 NEWWORLDR 22.08.12 09.07.12 0.25145 NEWWORLDN 20.09.12 27.09.12 0.04146 MEGARON 27.09.12 23.10.12 0.38147 BETACOM 27.09.12 10.10.12 0.60148 AMBRA 03.10.12 10.12.12 0.40149 ZYWIEC 11.10.12 29.11.12 4.00150 APATOR 23.10.12 12.06.12 0.40* For foreign companies, the dividend was converted at the National Bank of Poland’s average rate onthe record date.** Advance dividend.Rights to shares (PDA) traded in 2012No. CompanyTrading dates (dd.mm.yy)1 CPENERGIA-PDA 15.12.11 - 17.02.122 ROVESE-PDA 5.01.12 - 20.04.123 EMCINSMED-PDA 14.03.12 - 22.08.124 NOKAUT-PDA 14.03.12 - 10.04.125 MIDAS-PDA 30.03.12 - 4.05.12No. CompanyTrading dates (dd.mm.yy)6 WORKSERV-PDA 26.04.12 - 23.05.127 BOS-PDA 4.05.12 - 29.06.128 HARPER-PDA 14.05.12 - 12.6.129 BARLINEK-PDA 4.06.12 - 7.09.1210 SIMPLE-PDA 15.06.12 - 23.08.1258


WSE Main ListRights to shares (PDA) traded in 2012 (contd.)No. CompanyTrading dates (dd.mm.yy)11 GTC-PDA 6.07.12 - 24.08.1212 EUIMPLANT-PDA 23.07.12 - 25.09.1213 PCCEXOL-PDA 3.08.12 - 19.09.1214 TRANSPOL-PDA 13.08.12 - 30.08.1215 GINOROSSI-PDA 16.08.12 - 15.11.1216 VISTULA-PDA 22.08.12 - 5.10.1217 FON-PDA 6.09.12 - 30.11.12No. CompanyTrading dates (dd.mm.yy)18 IMPEL-PDA 28.09.12 - 23.10.1219 GETINOBLE-PDA 12.10.12 - 29.11.1220 GETINOBLE-PDAJ 26.10.12 - 29.11.1221 ALIOR-PDA 14.12.12 - 4.01.1322 URSUS-PDA 20.12.1222 CZTOREBKA-PDA 28.12.12Rights to shares (PDA) by trading value in 2012No. Company Ticker Turnover Share invalue turnover(%)Annualturnoverratio (%)Averagevolume persessionAveragenumberof transactionsper sessionAveragenumberof ordersper sessionTurnoverin blocktrades(PLN million) (%) (%) (shares) (PLN million)Numberof blocktrades1 GTC-PDA GTCA 39.6 36.97 6.40 182 373 55 480 0.1 12 MIDAS-PDA MDSA 34.2 31.98 3.66 1 960 019 202 833 0.1 13 BOS-PDA BOSA 7.6 7.06 5.80 5 342 44 330 5.7 24 ALIOR-PDA ALRA 7.0 6.50 46.44 14 144 17 53 320.0 15 WORKSERV-PDA WSEA 4.5 4.18 13.64 32 128 25 79 1.0 16 ROVESE-PDA RSEA1 2.2 2.06 0.83 6 076 18 957 CZTOREBKA-PDA CZTA 2.2 2.02 7.20 193 560 929 3 5298 NOKAUT-PDA NOKA 2.1 2.00 10.49 9 911 22 1679 PCCEXOL-PDA PCXA 1.8 1.67 11.03 33 066 38 10910 GETINOBLE-PDAJ GNBAJ 1.4 1.34 0.45 37 475 24 10611 FON-PDA FONA 1.3 1.19 174.61 50 092 11 5512 SIMPLE-PDA SMEA 0.7 0.61 3.93 2 883 6 2513 GINOROSSI-PDA GRIA 0.7 0.61 7.06 9 627 3 2214 URSUS-PDA URSA 0.6 0.51 4.20 42 037 74 30815 BARLINEK-PDA BRKA 0.5 0.45 0.56 9 030 4 4716 IMPEL-PDA IPLA 0.3 0.32 1.68 667 0 617 GETINOBLE-PDA GNBA 0.3 0.31 0.34 5 951 9 6818 HARPER-PDA HRPA 0.1 0.13 0.57 3 411 0 119 VISTULA-PDA VSTA 0.1 0.06 0.32 2 159 2 3120 EMCINSMED-PDA EMCA 0.0 0.02 0.09 17 0 521 CPENERGIA-PDA CPEA 0.0 0.02 0.16 888 1 1322 EUIMPLANT-PDA EUIA 0.0 0.01 1.46 1 671 0 1323 TRANSPOL-PDA TRNA 0.0 0.00 0.00 0 059


Fact Book 2013Pre-emptive rights traded in 2012No. ISINInstrumentRecord date(dd.mm.yy)Ratioper newshareTrading dates(dd.mm.yy)1 IT0004781446 UNICREDIT-PP 11.01.12 0.50 12.01.12 - 20.01.122 PLNFI0900089 MIDAS-PP 15.02.12 0.25 20.02.12 - 27.02.123 PLSIMPL00136 SIMPLE-PP 20.02.12 1.00 27.04.12 - 11.05.124 PLBRLNK00090 BARLINEK-PP 16.04.12 1.33 02.05.12 - 09.05.125 PLERPLT00066 EUIMPLANT-PP 23.04.12 2.00 30.05.12 - 12.06.126 PLGTC0000110 GTC-PP 04.06.12 2.17 05.06.12 - 11.06.127 PLGNRSI00049 GINOROSSI-PP 02.07.12 2.00 03.07.12 - 10.07.128 PLVSTLA00052 VISTULA-PP 05.07.12 5.00 17.07.12 - 26.07.129 PLGETBK00061 GETINOBLE-PPK 07.09.12 39.84 10.09.12 - 14.09.1210 PLGETBK00053 GETINOBLE-PPJ 07.09.12 11.95 10.09.12 - 14.09.1211 PLPMWRM00046 URSUS-PP 16.11.12 5.56 19.11.12 - 23.11.1212 PLCRSNT00136 ROVESE-PP 23.11.12 0.50 26.11.12 - 30.11.12Companies by market value (end of 2012)No. CompanyDomestic companiesMarketNo. of shares value(PLN million)Marketshare(%)P/BVP/EDividendyield(%)1 PKOBP 1 250 000 000 46 125.00 8.81 1.94 12.1 3.42 PEKAO 262 465 864 43 963.03 8.40 1.96 14.7 3.23 KGHM 200 000 000 38 000.00 7.26 1.81 5.1 14.94 PZU 86 352 300 37 735.96 7.21 2.73 11.3 5.15 PGE 1 869 760 829 34 048.34 6.51 0.82 6.2 10.06 PGNIG 5 900 000 000 30 739.00 5.87 1.26 86.1 ---7 PKNORLEN 427 709 061 21 171.60 4.05 0.73 6.5 ---8 BZWBK 74 637 631 18 054.84 3.45 2.15 14.7 3.29 TPSA 1 335 649 021 16 334.99 3.12 1.26 14.1 12.110 BRE 42 138 976 13 737.31 2.62 1.50 11.3 ---11 HANDLOWY 130 659 600 12 843.84 2.45 1.84 13.6 2.812 INGBSK 130 100 000 11 839.10 2.26 1.59 13.8 ---13 JSW 117 411 596 10 848.83 2.07 1.23 5.4 5.814 LPP 1 831 123 8 331.61 1.59 7.83 24.9 1.760


WSE Main ListCompanies by market value (end of 2012) (contd.)No. CompanyMarketNo. of shares value(PLN million)Marketshare(%)P/BVP/EDividendyield(%)15 TAURONPE 1 752 549 394 8 324.61 1.59 0.49 5.5 6.516 SYNTHOS 1 323 250 000 7 158.78 1.37 2.55 9.7 9.217 ENEA 441 442 578 6 943.89 1.33 0.64 9.7 3.118 EUROCASH 137 976 536 6 029.57 1.15 9.11 32.9 0.419 CYFRPLSAT 348 352 836 5 716.47 1.09 2.43 10.3 ---20 MILLENNIUM 1 213 116 777 5 361.98 1.02 1.15 11.4 ---21 LOTOS 129 873 362 5 350.78 1.02 0.61 6.8 ---22 GETINOBLE 2 650 143 319 4 743.76 0.91 1.09 x ---23 BOGDANKA 34 013 590 4 625.85 0.88 2.03 11.3 2.924 KREDYTB 271 658 880 4 482.37 0.86 1.32 16.4 ---25 ZYWIEC 10 271 337 4 375.59 0.84 13.69 14.9 6.626 ASSECOPOL 83 000 303 3 764.06 0.72 0.53 9.8 4.527 BANKBPH 76 667 911 3 748.29 0.72 0.80 15.0 ---28 AZOTYTARNOW 64 115 444 3 455.82 0.66 1.00 7.0 ---29 TVN 343 876 421 3 411.25 0.65 3.82 118.8 1.030 ALIOR 51 250 000 3 210.81 0.61 2.21 10.9 ---31 GTC 319 372 990 3 161.79 0.60 0.97 x ---32 BGZ 51 136 764 2 804.85 0.54 0.84 26.7 ---33 CCC 38 400 000 2 803.20 0.54 5.77 22.1 2.234 PULAWY 19 115 000 2 628.31 0.50 1.05 4.9 2.735 FAMUR 481 500 000 2 296.76 0.44 2.63 9.3 ---36 ECHO 420 000 000 2 121.00 0.41 1.02 30.2 ---37 GETIN 732 800 434 2 066.50 0.39 1.09 3.3 ---38 AMREST 21 213 893 2 040.78 0.39 1.98 50.0 ---39 BUDIMEX 25 530 098 1 787.11 0.34 5.53 12.4 15.740 NFIEMF 105 676 378 1 759.51 0.34 3.05 352.8 ---41 ORBIS 46 077 008 1 750.93 0.33 0.91 24.9 3.742 NETIA 386 280 904 1 653.28 0.32 0.68 6.5 ---43 GPW 41 972 000 1 631.45 0.31 3.04 15.0 3.744 ZEPAK 52 026 000 1 480.14 0.28 0.42 4.3 ---45 BNPPL 28 692 926 1 434.65 0.27 0.84 53.2 ---46 BORYSZEW 2 256 715 692 1 399.16 0.27 1.13 12.8 ---47 NORDEABP 55 498 700 1 381.92 0.26 0.62 9.1 ---48 KETY 9 225 663 1 336.80 0.26 1.32 10.3 3.549 KOPEX 74 332 538 1 315.69 0.25 0.53 15.5 ---50 KOGENERA 14 900 000 1 288.85 0.25 1.21 12.0 5.161


Fact Book 2013Companies by market value (end of 2012) (contd.)62No. CompanyMarketNo. of shares value(PLN million)Marketshare(%)P/BVP/EDividendyield(%)51 STALPROD 6 725 000 1 237.40 0.24 0.78 12.2 ---52 INTERCARS 14 168 100 1 218.46 0.23 1.66 12.6 0.353 WAWEL 1 499 755 1 196.80 0.23 4.11 18.6 1.454 MENNICA 51 832 136 1 174.52 0.22 2.20 12.5 ---55 CIECH 52 699 909 1 169.94 0.22 1.25 x ---56 INTEGERPL 5 937 745 1 095.51 0.21 5.82 18.5 ---57 APATOR 33 107 028 1 080.28 0.21 3.60 11.7 2.358 ALCHEMIA 207 000 000 1 035.00 0.20 1.65 10.5 ---59 KREZUS 54 702 992 1 006.54 0.19 15.96 232.2 ---60 MIDAS 1 479 666 750 961.78 0.18 0.92 x ---61 POLICE 75 000 000 929.25 0.18 0.95 3.7 ---62 EMPERIA 15 115 161 875.92 0.17 1.30 1.5 93.363 DOMDEV 24 715 272 845.02 0.16 0.98 8.1 4.464 DEBICA 13 802 750 841.97 0.16 0.99 9.3 5.465 BIOTON 8 386 785 174 838.68 0.16 0.60 x ---66 FARMACOL 23 400 000 762.61 0.15 0.87 9.9 ---67 OPENFIN 54 250 000 759.50 0.15 2.39 7.6 1.968 KRUK 16 900 340 744.63 0.14 2.58 10.9 ---69 KOFOLA 26 172 602 719.75 0.14 1.29 20.4 3.270 IMPEXMET 200 000 000 700.00 0.13 0.71 10.6 ---71 BOS 22 873 245 686.20 0.13 0.48 16.3 ---72 KRUSZWICA 22 986 949 652.83 0.12 1.08 x 3.573 GRAJEWO 49 624 000 652.56 0.12 1.12 11.9 ---74 PCCEXOL 161 227 231 644.91 0.12 3.74 115.4 ---75 PEP 21 313 967 611.71 0.12 1.22 5.0 ---76 ZELMER 15 200 000 597.06 0.11 1.97 19.0 5.077 COMARCH 8 051 637 591.80 0.11 0.99 11.7 2.078 CDRED 94 950 000 588.69 0.11 4.11 32.1 ---79 RAFAKO 69 600 000 583.94 0.11 1.29 16.4 ---80 SKOK 191 610 386 555.67 0.11 1.65 127.9 0.281 BENEFIT 2 404 842 553.11 0.11 5.99 13.3 2.682 SNIEZKA 13 550 676 533.76 0.10 2.58 15.9 3.283 AGORA 50 937 386 528.73 0.10 0.44 x 9.684 LCCORP 447 558 311 523.64 0.10 0.50 16.9 ---85 ELBUDOWA 4 747 608 505.62 0.10 1.54 13.6 3.886 SANOK 26 518 632 481.31 0.09 1.69 10.7 3.5


Fact Book 2013Companies by market value (end of 2012) (contd.)64No. CompanyMarketNo. of shares value(PLN million)Marketshare(%)P/BVP/EDividendyield(%)123 ABCDATA 124 728 308 259.43 0.05 0.97 6.3 7.7124 WIELTON 60 375 000 256.59 0.05 1.61 9.8 4.7125 ZAMET 96 300 000 255.20 0.05 2.31 7.4 14.3126 MOSTALWAR 20 000 000 251.00 0.05 0.61 x ---127 IZOSTAL 32 744 000 245.58 0.05 1.64 12.3 2.3128 MERCOR 15 658 535 231.75 0.04 0.88 x ---129 ACAUTOGAZ 9 453 150 231.60 0.04 2.81 9.3 9.7130 PTI 14 500 000 231.28 0.04 2.52 5.8 ---131 ULMA 5 255 632 230.46 0.04 0.75 7.2 8.7132 WASKO 91 187 500 228.88 0.04 1.27 19.0 1.6133 BARLINEK 254 047 500 228.64 0.04 0.58 x ---134 PAGED 15 100 001 228.61 0.04 0.65 7.9 ---135 KANIA 125 183 380 225.33 0.04 1.71 x ---136 SKOTAN 54 000 000 220.32 0.04 4.05 x ---137 JWCONSTR 54 073 280 218.46 0.04 0.44 58.3 ---138 RADPOL 25 719 752 205.76 0.04 2.31 15.6 5.9139 AMBRA 25 206 644 203.92 0.04 0.87 13.7 4.9140 ZETKAMA 4 904 150 202.93 0.04 1.62 6.8 2.4141 BBIDEVNFI 523 078 250 198.77 0.04 0.76 83.7 ---142 CCENERGY 954 128 000 190.83 0.04 0.34 x ---143 CALATRAVA 500 000 000 190.00 0.04 0.66 x ---144 PANOVA 10 000 000 190.00 0.04 0.73 12.0 2.6145 APLISENS 13 016 015 188.60 0.04 1.82 14.1 1.7146 KINOPOL 13 870 000 187.94 0.04 2.97 13.5 7.4147 FERRUM 24 543 252 182.85 0.03 1.17 28.7 ---148 SELENAFM 22 834 000 181.30 0.03 0.48 14.1 ---149 TOYA 75 213 589 180.51 0.03 1.78 9.1 ---150 MIESZKO 40 866 000 178.18 0.03 1.07 6.8 ---151 PGODLEW 96 300 000 178.16 0.03 1.08 6.6 ---152 ERBUD 12 677 956 176.86 0.03 0.73 10.8 ---153 VOXEL 9 732 600 176.16 0.03 2.11 x ---154 QUERCUS 71 047 246 174.78 0.03 8.48 14.3 8.1155 UNIBEP 34 021 684 171.81 0.03 1.02 7.2 2.4156 SYGNITY 11 886 242 171.76 0.03 0.84 x ---157 MOSTALZAB 149 130 538 170.01 0.03 0.64 x ---158 KBDOM 992 685 741 168.76 0.03 0.74 x ---


WSE Main ListCompanies by market value (end of 2012) (contd.)No. CompanyMarketNo. of shares value(PLN million)Marketshare(%)P/BVP/EDividendyield(%)159 BSCDRUK 9 807 516 168.69 0.03 1.06 8.8 2.9160 SOLAR 30 000 000 168.00 0.03 1.18 4.6 11.6161 PEKAES 30 520 870 167.86 0.03 0.60 x ---162 KREDYTIN 12 936 509 165.59 0.03 0.33 11.1 ---163 EKOEXPORT 10 405 000 154.51 0.03 5.35 22.1 1.3164 CELTIC 34 231 466 154.38 0.03 0.36 x 2.2165 ALMA 5 560 990 150.15 0.03 0.55 x ---166 KONSSTALI 5 897 419 146.55 0.03 0.52 x 7.4167 MNI 98 946 283 145.45 0.03 0.38 10.2 ---168 VISTULA 133 861 625 144.57 0.03 0.45 9.9 ---169 COGNOR 66 222 248 144.36 0.03 0.77 20.8 ---170 ZUE 22 000 000 143.88 0.03 0.75 9.7 ---171 PRESCO 19 700 000 143.42 0.03 1.45 7.5 2.2172 BEST 5 850 001 140.40 0.03 2.12 5.3 ---173 TRAKCJA 232 105 480 136.94 0.03 0.26 1.2 ---174 OTMUCHOW 12 748 250 136.41 0.03 1.01 14.8 ---175 EMCINSMED 8 327 214 132.82 0.03 1.93 67.1 ---176 ERGIS 39 435 989 131.72 0.03 0.74 x ---177 FERRO 21 183 332 131.34 0.03 0.74 7.0 4.8178 INPRO 40 040 000 129.33 0.02 0.73 8.1 6.2179 INSTALKRK 7 285 500 124.95 0.02 0.72 5.2 ---180 GRAAL 8 056 485 120.44 0.02 0.40 4.5 ---181 INTROL 26 638 800 118.54 0.02 1.08 19.3 7.0182 MOBRUK 2 341 385 117.07 0.02 1.74 27.4 ---183 TIM 22 199 200 115.88 0.02 0.59 21.4 11.5184 BERLING 17 500 200 115.50 0.02 1.55 8.0 3.0185 PCCINTER 77 565 556 112.47 0.02 1.44 x ---186 NOWAGALA 57 038 073 111.79 0.02 0.54 10.7 3.0187 INDYKPOL 3 124 500 111.54 0.02 0.68 100.5 1.3188 HARPER 63 670 000 110.15 0.02 2.42 12.6 ---189 DUDA 278 002 290 108.42 0.02 0.31 8.1 ---190 PLASTBOX 44 061 400 107.95 0.02 1.17 25.3 ---191 ESSYSTEM 42 863 637 107.16 0.02 0.74 38.8 4.0192 LIBET 50 000 000 99.00 0.02 0.49 9.3 20.2193 ARMATURA 81 000 000 98.82 0.02 0.47 10.3 16.4194 OPONEO.PL 13 936 000 97.55 0.02 1.31 24.5 2.965


Fact Book 2013Companies by market value (end of 2012) (contd.)66No. CompanyMarketNo. of shares value(PLN million)Marketshare(%)P/BVP/EDividendyield(%)195 ENELMED 23 566 900 96.62 0.02 2.05 x 0.7196 QUMAKSEK 10 375 082 96.59 0.02 1.13 10.3 ---197 DECORA 11 303 320 96.08 0.02 0.64 8.8 3.5198 POLAQUA 27 500 100 93.50 0.02 0.45 x ---199 MIRBUD 75 000 000 92.25 0.02 0.37 6.1 8.1200 STAPORKOW 4 503 790 92.19 0.02 2.33 21.3 2.7201 ADVGRUPA 7 000 000 91.84 0.02 3.52 16.1 ---202 BLACKLION 120 328 705 91.45 0.02 0.22 x ---203 MEGARON 2 700 000 90.45 0.02 4.66 15.7 3.5204 ATMGRUPA 86 000 000 87.72 0.02 0.43 x 11.8205 ELEKTROTI 9 959 159 85.65 0.02 1.01 9.3 11.6206 HUTMEN 25 596 270 84.21 0.02 0.32 8.4 ---207 FASING 3 107 249 82.87 0.02 0.72 6.0 2.2208 BOWIM 19 514 647 82.55 0.02 0.93 x ---209 MWTRADE 8 384 440 82.17 0.02 1.64 10.5 ---210 SUWARY 4 615 070 82.10 0.02 1.63 x ---211 4FUNMEDIA 4 063 500 82.08 0.02 2.43 10.1 8.7212 POZBUD 23 377 845 79.48 0.02 0.66 9.6 1.5213 ROPCZYCE 4 605 980 79.22 0.02 0.40 6.3 ---214 GANT 20 120 000 78.47 0.01 0.12 x ---215 BEDZIN 3 149 200 78.26 0.01 0.92 6.4 7.2216 RELPOL 9 609 193 77.45 0.01 1.12 7.4 2.5217 PROTEKTOR 19 021 600 76.85 0.01 1.38 x ---218 URSUS 22 180 000 76.74 0.01 1.03 9.7 ---219 ENERGOPOL 9 090 000 76.72 0.01 1.61 32.5 ---220 LUBAWA 109 270 000 76.49 0.01 0.39 6.7 ---221 RAFAMET 4 318 701 76.27 0.01 0.88 26.7 2.5222 INTERFERI 14 564 200 76.03 0.01 0.71 20.0 ---223 PBG 14 295 000 75.48 0.01 0.15 x ---224 MAKRUM 72 862 932 75.05 0.01 0.52 7.2 ---225 LENA 24 875 050 74.63 0.01 0.89 8.4 5.0226 VANTAGE 56 763 844 74.36 0.01 0.25 12.2 ---227 PEPEES 83 000 000 73.87 0.01 0.80 47.1 ---228 DUON 102 468 553 70.70 0.01 0.39 66.1 ---229 PRAGMAINK 3 680 000 70.55 0.01 1.23 9.0 4.4230 GROCLIN 5 500 000 69.63 0.01 0.37 25.3 ---


Fact Book 2013Companies by market value (end of 2012) (contd.)68No. CompanyMarketNo. of shares value(PLN million)Marketshare(%)P/BVP/EDividendyield(%)267 FAM 31 882 971 46.87 0.01 0.52 31.7 ---268 GINOROSSI 47 755 329 46.80 0.01 0.70 9.2 ---269 IDMSA 218 176 856 45.82 0.01 0.24 x ---270 ATMSI 36 343 344 44.70 0.01 0.83 x 5.7271 PBSFINANSE 104 520 000 43.90 0.01 1.63 x ---272 K2INTERNT 2 485 032 42.22 0.01 1.64 15.0 ---273 MOSTALPLC 2 000 000 42.00 0.01 0.77 x ---274 PRAGMAFA 2 565 910 41.95 0.01 1.14 7.5 10.2275 INTERSPPL 13 933 334 41.10 0.01 1.28 x ---276 ODLEWNIE 20 664 121 40.50 0.01 1.76 6.8 ---277 JHMDEV 125 000 000 40.00 0.01 0.24 13.9 ---278 NTTSYSTEM 55 400 000 39.89 0.01 0.33 18.8 ---279 FOTA 9 416 000 39.55 0.01 0.29 x ---280 BUMECH 6 378 259 39.48 0.01 0.64 6.3 ---281 KPPD 1 622 400 39.44 0.01 0.72 8.9 ---282 BIPROMET 6 199 800 39.06 0.01 0.70 12.2 4.0283 CHEMOS 200 060 000 38.01 0.01 0.56 35.0 3.9284 FASTFIN 100 000 000 38.00 0.01 1.18 5.5 ---285 TESGAS 11 350 000 37.68 0.01 0.51 x ---286 TRANSPOL 6 380 000 36.88 0.01 1.98 x ---287 BBICAPNFI 51 400 731 36.49 0.01 0.51 x ---288 ATREM 9 230 079 36.00 0.01 0.56 x ---289 MONNARI 31 010 073 35.66 0.01 0.56 9.1 ---290 WADEX 3 307 282 35.65 0.01 2.49 11.8 2.8291 SWISSMED 61 182 234 34.87 0.01 1.61 x ---292 VINDEXUS 11 591 938 34.66 0.01 0.39 6.5 ---293 FON 337 750 000 33.78 0.01 0.17 19.6 ---294 CAPITAL 24 440 000 33.48 0.01 0.71 x ---295 INVESTCON 33 372 396 32.37 0.01 1.04 x ---296 06MAGNA 139 219 758 32.02 0.01 4.97 x ---297 TERESA 2 408 077 31.83 0.01 1.86 12.6 8.6298 SIMPLE 4 380 298 31.67 0.01 2.04 13.1 3.2299 OPTEAM 7 300 000 31.39 0.01 1.50 15.4 ---300 MOSTALEXP 89 117 606 31.19 0.01 0.65 x ---301 08OCTAVA 42 786 848 30.38 0.01 0.47 0.4 ---302 PEMUG 30 381 625 29.77 0.01 1.05 413.5 ---


WSE Main ListCompanies by market value (end of 2012) (contd.)No. CompanyMarketNo. of shares value(PLN million)Marketshare(%)P/BVP/EDividendyield(%)303 PROCHNIK 122 480 456 29.40 0.01 1.17 x ---304 TUP 15 212 345 29.36 0.01 0.17 x ---305 TRITON 25 458 092 28.77 0.01 0.24 x ---306 ARCUS 7 395 157 28.32 0.01 0.47 8.3 ---307 KOMPAP 4 680 496 27.94 0.01 0.49 x ---308 LSTCAPITA 44 310 803 27.92 0.01 0.69 37.3 ---309 YAWAL 5 193 750 27.79 0.01 0.26 8.2 ---310 POLNA 2 112 896 27.66 0.01 0.94 10.3 ---311 POINTGROUP 103 817 025 26.99 0.01 2.52 x ---312 POLLENAE 2 829 600 26.88 0.01 1.89 x ---313 EFH 146 600 000 26.39 0.01 0.16 x ---314 HELIO 5 000 000 26.05 0.00 0.65 30.2 ---315 HYPERION 12 307 000 25.72 0.00 0.63 x ---316 BBIZENNFI 139 489 990 25.11 0.00 0.50 x ---317 ELZAB 16 137 050 24.04 0.00 0.53 324.9 ---318 DROZAPOL 30 592 750 23.56 0.00 0.38 x ---319 IQP 22 353 000 23.47 0.00 0.63 x ---320 IDEATFI 15 831 000 23.27 0.00 1.86 8.6 29.3321 REDAN 26 938 020 22.90 0.00 0.40 x ---322 COMPLEX 25 500 000 22.44 0.00 0.27 21.3 9.1323 SEKO 6 650 000 22.28 0.00 0.49 x ---324 RUBICON 110 810 206 22.16 0.00 0.29 x ---325 CAMMEDIA 7 284 500 22.00 0.00 0.71 20.5 ---326 SFINKS 22 105 626 20.78 0.00 0.00 x ---327 MISPOL 17 885 752 20.39 0.00 0.34 x ---328 INTERBUD 7 016 000 20.07 0.00 0.34 x 10.1329 MAKARONPL 9 250 071 19.89 0.00 0.33 x ---330 DMWDM 82 500 000 19.80 0.00 0.37 15.9 ---331 ATLANTAPL 6 091 904 19.19 0.00 0.40 x ---332 ENAP 20 200 916 18.79 0.00 1.33 8.2 ---333 LIBRA 11 398 530 18.69 0.00 0.56 x ---334 ENERGOPLD 70 972 001 18.45 0.00 0.00 x ---335 CASHFLOW 7 500 000 17.93 0.00 1.02 5.5 ---336 BYTOM 71 250 000 17.81 0.00 0.84 x ---337 BUDVARCEN 9 895 600 16.72 0.00 0.38 x ---69


Fact Book 2013Companies by market value (end of 2012) (contd.)No. CompanyMarketNo. of shares value(PLN million)Marketshare(%)P/BVP/EDividendyield(%)338 ERG 43 305 000 16.46 0.00 0.52 11.4 ---339 KCI 36 393 000 16.38 0.00 0.53 x ---340 IFCAPITAL 45 047 916 16.22 0.00 0.13 x ---341 SKYLINE 10 000 000 15.90 0.00 0.17 0.4 ---342 TFONE 8 195 848 15.41 0.00 0.21 55.4 ---343 TALEX 3 000 092 15.39 0.00 0.41 x 3.9344 EUIMPLANT 152 547 322 15.25 0.00 2.42 x ---345 DSS 12 927 709 15.13 0.00 0.00 x ---346 BUDOPOL 52 000 000 15.08 0.00 0.22 112.5 ---347 MEXPOLSKA 6 354 080 14.93 0.00 0.88 x ---348 TRAVELPL 2 367 850 14.68 0.00 5.39 x ---349 GREENECO 8 747 029 14.43 0.00 22.91 x ---350 MOJ 8 559 000 14.38 0.00 0.43 23.6 ---351 POLCOLORIT 179 231 869 14.34 0.00 0.15 x ---352 EFEKT 1 665 150 14.32 0.00 0.62 6.6 6.5353 RESBUD 2 473 000 13.82 0.00 0.00 x ---354 ELKOP 106 002 204 13.78 0.00 0.24 0.9 ---355 ECARD 84 200 000 13.47 0.00 4.96 x ---356 MIRACULUM 119 656 836 13.16 0.00 0.61 x ---357 GREMISLTN 4 960 946 13.05 0.00 0.28 1.3 ---358 MEDIATEL 11 178 515 12.97 0.00 1.56 x ---359 DELKO 5 980 000 12.92 0.00 0.34 x ---360 ALTERCO 5 835 952 12.43 0.00 0.10 x ---361 DGA 9 042 232 12.30 0.00 0.51 x ---362 BOMI 61 736 904 11.73 0.00 0.00 x ---363 PRIMAMODA 3 200 000 11.52 0.00 1.04 x ---364 WISTIL 1 000 000 11.40 0.00 0.13 x ---365 WANDALEX 9 250 719 11.10 0.00 0.31 284.6 10.0366 PERMEDIA 1 955 000 11.07 0.00 0.41 356.9 ---367 BETACOM 2 020 000 10.91 0.00 0.58 7.1 11.1368 NORTCOAST 32 000 000 10.88 0.00 0.27 x ---369 SANWIL 50 117 250 10.52 0.00 0.15 x ---370 MUZA 2 851 896 9.92 0.00 0.43 48.4 ---371 ZREMB 35 212 500 9.86 0.00 0.51 x ---372 LSISOFT 3 260 762 9.29 0.00 0.48 7.4 ---70


WSE Main ListCompanies by market value (end of 2012) (contd.)No. CompanyMarketNo. of shares value(PLN million)Marketshare(%)P/BVP/EDividendyield(%)373 IGROUP 44 523 052 8.90 0.00 0.00 0.1 ---374 POLJADLO 46 752 279 8.88 0.00 0.39 11.0 ---375 B3SYSTEM 14 155 938 8.78 0.00 0.84 x ---376 UNIMA 2 735 500 8.67 0.00 0.51 6.4 7.3377 PWRMEDIA 6 400 000 8.32 0.00 1.93 19.4 5.2378 VARIANT 5 752 380 8.11 0.00 0.25 x ---379 REGNON 269 203 892 8.08 0.00 1.30 0.1 ---380 PROCAD 9 019 000 7.94 0.00 0.53 19.2 ---381 IZOLACJA 11 400 000 7.75 0.00 1.12 115.7 ---382 QUANTUM 1 480 757 7.69 0.00 0.54 x 6.7383 PBOANIOLA 7 609 566 7.61 0.00 0.25 x ---384 WILBO 16 222 932 7.46 0.00 0.35 x ---385 MEWA 28 944 392 7.24 0.00 0.42 x ---386 DRAGOWSKI 18 450 000 6.83 0.00 0.35 x ---387 ADVADIS 201 455 999 6.04 0.00 0.00 x ---388 INTAKUS 22 500 000 4.95 0.00 0.36 x ---389 HBPOLSKA 210 558 445 4.21 0.00 0.00 x ---390 AMPLI 3 282 000 4.20 0.00 0.35 x ---391 DREWEX 9 525 000 2.95 0.00 0.00 x ---392 ABMSOLID 7 934 500 1.35 0.00 0.00 x ---393 EUROMARK 12 218 750 1.10 0.00 0.14 x ---394 ONE2ONE 7 009 505 0.98 0.00 0.00 x ---Total domestic companies: 523 390 100.00 1.29 12.4 4.3Foreign companies1 UNICREDIT 5 789 536 030 90 837.82 43.12 0.33 11.2 ---2 CEZ 537 989 759 59 178.87 28.09 1.48 7.5 6.73 MOL 104 519 063 26 067.05 12.37 0.81 16 2.44 KRKA 35 426 120 7 793.75 3.70 1.49 11.4 0.65 KERNEL 79 683 410 5 318.87 2.52 1.34 7.9 ---6 NEWWORLDR 264 658 002 4 181.60 1.99 1.27 18.1 3.37 ASTARTA 25 000 000 1 375.00 0.65 0.87 4.3 ---8 CCIINT 51 200 000 1 331.20 0.63 1.31 15 ---9 EXILLON 161 510 911 1 282.40 0.61 0.72 x ---10 TATRY 6 707 198 1 227.42 0.58 1.09 36.8 2.111 ORCOGROUP 107 840 962 1 078.41 0.51 0.50 x ---71


Fact Book 2013Companies by market value (end of 2012) (contd.)No. CompanyMarketNo. of shares value(PLN million)Marketshare(%)P/BVP/EDividendyield(%)12 OLYMPIC 151 329 505 991.21 0.47 2.80 11.2 ---13 PEGAS 9 229 400 710.66 0.34 1.23 11.2 5.614 FORTUNA 52 000 000 702.00 0.33 4.04 16 6.915 KOV 481 756 729 631.10 0.30 1.63 x ---16 OVOSTAR 6 000 000 534.00 0.25 1.74 7.4 ---17 INTERAOLT 20 000 000 532.80 0.25 13.97 7.1 13.518 SOPHARMA 132 000 000 528.00 0.25 0.64 5.6 ---19 IMCOMPANY 31 300 000 511.76 0.24 1.24 8.8 ---20 CEDC 81 515 752 505.40 0.24 0.66 x ---21 SOBIESKI 3 199 038 492.65 0.23 0.00 x ---22 SILVANO 39 400 000 472.80 0.22 1.95 18.1 ---23 MILKILAND 31 250 000 453.13 0.22 0.62 10.2 ---24 COALENERG 45 011 120 428.96 0.20 1.03 3.7 ---25 PLAZACNTR 297 181 703 419.03 0.20 0.18 x ---26 ASSECOSLO 21 360 000 416.73 0.20 0.97 6.9 13.827 AVIASG 5 893 333 353.60 0.17 2.40 13.1 ---28 EUROHOLD 127 345 000 292.89 0.14 0.56 36.5 ---29 ESTAR 2 640 000 224.66 0.11 4.94 x ---30 RONSON 272 360 000 220.61 0.10 0.51 35.5 ---31 AGROTON 21 670 000 216.70 0.10 0.47 x ---32 WARIMPEX 54 000 000 210.60 0.10 0.67 6.2 ---33 NOVAKBM 39 122 968 194.44 0.09 0.14 x ---34 KDMSHIPNG 7 296 000 183.13 0.09 1.94 4.1 9.835 KSGAGRO 14 925 500 173.14 0.08 0.54 2.8 ---36 ASBIS 55 500 000 159.84 0.08 0.51 4 4.337 ACE 21 230 515 121.01 0.06 0.73 13.1 3.638 SADOVAYA 43 085 693 89.19 0.04 0.39 7.5 ---39 ATLASEST 50 322 014 83.03 0.04 0.21 x ---40 AGROWILL 84 820 986 50.89 0.02 0.33 5.8 ---41 BMPAG 18 819 250 46.30 0.02 0.69 x ---42 WESTAISIC 44 133 333 32.66 0.02 0.42 x ---43 REINHOLD 7 000 000 1.96 0.00 0.00 x ---Total foreign companies: 210 657 100.00 0.56 12.1 2.472


WSE Main ListInvitations to sell shares in 2012No. Company Intermediary Invitation announced byAnnouncementdate(dd.mm)Announcedprice(PLN)1 PEKAES SA TRIGON DM KH Logistyka sp z o.o. 3.01.12 8.002 ECHO INVESTMENT SA DI BRE SAPark Postepu- ProjektEcho-93 sp z o.o.19.01.12 3.903 TF SKOK SA DM BDM SAStowarzyszenie Krzewienia EdukacjiFinansowej, Gdynia20.01.12 4.154Zakłady MięsneHERMAN SABZ WBK SA TransRMF-Plus sp z o.o. 20.01.12 1.205 Mondi Świecie SA UniCredit CAIB SAMondi International Holdings B.V.,Holland16.02.12 69.006 Signity SA DM PKO BP Asseco Poland SA 22.02.12 21.007NFI EmpikMedia&Fashion SAUniCredit CAIB SAPenta Investment Limited &Eastrbridge SA R.L13.03.12 9.858 RESBUD SA BZ WBK SA Atlantis SA 2.04.12 20.009 BGŻ SA DM PKO BP CCRB, RIH, The Netherlands 11.04.12 72.5010 ŚNIEŻKA SA DM PKO BP Fabryka Farb i Lakierów Snieżka SA 16.04.12 31.0011 Henryk Kania SA DM BZWBK SA Henryk Kania, Bielsko-Biała 30.04.12 1.5912 Centrum Klima SA DM BH Lindab A.B., Sweden 2.05.12 14.501314Zakłady Azotowew Tarnowie-Mościcach SAZakłady PrzemysłuCukierniczegoMIESZKO SADM BZWBK SA Norica Holding Sàrl, Luxembourg 16.05.12KBC SecurituesBISANTIO INVESTMENTS LIMITED,Republic of Cyprus36.00change of price45.0028.05.12 3.6315 TELL SA DM BZ WBK SA TELL SA 29.05.12 14.0016Zakłady AutomatykiPOLNADI BRE SA Zakłady Automatyki POLNA 31.05.12 14.0073


Fact Book 2013No. Company Intermediary Invitation announced byAnnouncementdate(dd.mm)Announcedprice(PLN)17 ATLANTIS DM BZ WBK SA DAMF Invest SA, Płock 5.06.12 1.2018NFI EmpikMedia&Fashion SAUniCredit CAIB SAPenta Investment Limited & XandoraHoldings Limited,6.06.12 10.4519Zakłady Azotowe"Puławy" SADM PKO BP Synthos SA 18.06.12 102.5020 ELZAB SA DI BRE SA Comp SA 29.06.12 1.4121 NFI OCTAVA SA DI BRE SA NFI OCTAVA SA 6.07.12 6.1522Zakłady Azotowe"Puławy" SAUniCredit CAIB SAZakłady Azotowe w Tarnowie-Mościcach SA13.07.12 11023Polish EnergyPartners SAING Securities Polenergia Holdings Sàrl 10.08.12 31.5024 Pollena-Ewa SA ING SecuritiesToruńskie Zakłady MateriałówOpatrunkowych SA21.08.12 9.9025 Eko Holding SA UniCredit CAIB SA Ecorse Investmenst sp z o.o. 10.09.12Eko Holding SA ING Securities Gemma Investments sp z o.o.8.10.1218.10.124.10change of price5.605.50change of price6.35BSH Sprzęt Gospodarstwa Domowego26 ZELMER SA DM BZ WBK SAsp z o.o.14.11.12 4027 Eko Holding SA UniCredit CAIB SA Ecorse Investmenst sp z o.o. 16.11.12 7.0028 MISPOL SA DM BZ WBK SA Newma Hildings B.V. Holland 11.12.12 1.0329Zakłady Magnezytowe"Ropczyce"TRIGON DM GI Ropczyce sp z o.o. 14.12.12 14.5074


WSE Main ListSectoral market indicators – all companies (end of 2012)Macrosector / SectorNumberof companiesStock marketcapitalisationShare inturnoverP/BVP/E Dividendyield(PLN million) (%) (%) (%)INDUSTRYFood 29 17 735.36 2.42 1.58 1.57 13.8 2.0Light industry 9 551.26 0.08 0.21 0.87 x 1.3Wood & Paper 7 1 276.58 0.17 0.12 0.90 15.4 1.4Chemicals 6 15 987.01 2.18 1.88 1.47 9.6 4.6Pharmaceuticals 10 10 402.96 1.42 0.43 1.27 12.2 0.9Oil & Gas 8 85 608.99 11.66 11.10 0.88 15.5 0.7Plastics 6 852.75 0.12 0.06 1.00 35.5 1.4Building materials 19 2 826.65 0.39 0.25 0.60 94.4 2.7Construction 36 5 155.73 0.70 2.32 0.98 x 6.8Electrical engineering 27 8 687.56 1.18 0.64 1.27 11.9 1.6Metals 19 8 411.19 1.15 2.03 1.09 10.8 1.0Automotive 6 2 002.11 0.27 0.11 1.16 10.1 5.1Basic materials 7 58 189.56 7.93 20.74 1.63 6.0 11.3Other 3 277.82 0.04 0.01 1.77 16.7 ---FINANCIALBanking 18 267 516.71 36.44 23.12 0.70 12.9 1.5Developers 27 10 839.26 1.48 1.44 0.59 x 1.2Capital market 6 2 159.62 0.29 0.70 2.42 x 4.5Insurance 1 37 735.96 5.14 9.78 2.73 11.3 5.1Other financial 32 6 433.61 0.88 1.26 1.11 42.1 0.4SERVICESRetailing 23 21 712.67 2.96 2.06 3.93 58.8 5.0Wholesaling 30 5 765.42 0.79 0.53 0.92 x 1.9IT 31 8 377.86 1.14 1.59 0.74 13.7 3.7Telecoms 6 18 579.91 2.53 7.20 1.15 12.6 10.6Media 16 11 698.73 1.59 1.74 1.84 14.3 1.0Energy 11 112 767.09 15.36 7.92 0.98 6.9 7.3Hotels & Restaurants 9 6 191.06 0.84 0.38 1.35 28.3 1.5Other services 35 6 304.07 0.86 0.83 1.63 15.4 2.2TOTAL 437 734 047.50 100.00 100.00 0.94 12.3 3.775


Fact Book 2013Shares and rights to shares (PDA) – key figures2012 2011 2010 2009 2008IndicesWIG20 at year-end 2 582.98 2 144.48 2 744.17 2 388.72 1 789.73mWIG40 at year-end 2 552.54 2 173.89 2 805.26 2 346.14 1 511.27sWIG80 at year-end 10 443.68 8 496.54 12 219.94 11 090.93 6 852.79WIG-Plus at year-end 769.86 715.74 --- --- ---WIG at year-end 47 460.59 37 595.44 47 489.91 39 985.99 27 228.64Return on WIG20 (%) 20.45 -21.85 14.88 33.47 -48.21Return on mWIG40 (%) 17.42 -22.51 19.57 55.24 -62.48Return on sWIG80 (%) 22.92 -30.47 10.18 61.85 -56.95Return on WIG-Plus (%) 7.56 -40.47 --- --- ---Return on WIG (%) 26.24 -20.83 18.77 46.85 -51.07CompaniesNumber of all listed companies at year-endof which domestic companiesof which foreign companies4383954342638739400373273793542537434925Capitalisation at year-end (PLN million)of which domestic companies (PLN million)of which foreign companies (PLN million)734 048523 390210 657642 863446 151196 712796 482542 646253 836715 822421 178294 643465 115267 359197 756Average P/E ratio* 11.7 12.5 18.2 14.3 11.0Average P/BV ratio* 0.89 1.06 1.16 1.04 1.57Dividend yield (%)* 3.9 2.9 2.4 3.6 3.1Total turnover value for the year (PLN million) 202 880 268 138 234 288 175 943 165 658Average turnover value per session (PLN million) 814.8 1 068.3 926.1 698.2 660.0Number of transactions per session 46 388 55 358 48 410 51 406 38 220Average value of transaction (PLN) 17 565 19 298 19 129 13 582 17 268Turnover ratio (%)** 40.6 42.2 45.3 58.4 44.2Number of sessions for the year 249 251 253 252 251Investment accounts at year-end (‘000) 1 509 1 498 1 477 1 133 1 029Continuous tradingNumber of all listed companies at year-end 418 415 387 358 359Number of transactions per session 46 296 55 299 48 259 51 179 38 170Total turnover value for the year (PLN million) 187 522 250 572 206 790 166 610 160 343Single-price systemNumber of all listed companies at year-end 20 11 13 21 15Number of transactions per session 78 44 134 216 41Total turnover value for the year (PLN million) 33 17 68 86 1576


WSE Main List2012 2011 2010 2009 2008Block tradesNumber of transactions (single-counted) 3 403 3 787 4 482 2 888 2 464Average value of transaction (PLN million) 4.5 4.63 6.12 3.2 2.15Total turnover value for the year (PLN million) 15 325 17 550 27 431 9 247 5 301* Average annual figure for all listed companies.** For domestic companies.Pre-emptive rights – key figures2012 2011 2010 2009 2008Pre-emptive rightsNumber of series traded at year-end 0 0 0 0 0Total turnover for the year (PLN million) 78 85 190 377 88 297Average turnover per session (PLN million) 0.31 0.34 0.75 1.50 352.00Number of transactions per session 85 128 176 241 186Average value of transaction (PLN) 3 658 2 661 4 251 6 197 1 886Pre-emptive rights – block tradesNumber of transactions (single-counted) 7 32 10 7 1Average value of transaction (PLN thousand) 5 812 3 371 7 636 198 757 7 200Total turnover value for the year (PLN million) 41 108 77 1 392 7 200* Excluding block trades.77


Fact Book 2013Foreign companies in 2012The WSE aims to enhance its position as theregional financial hub, focusing its efforts onattracting companies from Central and EasternEurope. 2012 was another year whenthe WSE pursued that strategy.At the end of 2012 the Main List had sharesof 43 foreign companies in listing, with anoverall market value of PLN 210 billion.Turnover value for foreign companies exceededPLN 5 billion throughout the year.Shares of five new foreign companies enteredthe Main List in 2012 (out of the 19IPOs in total). At present, the largest numberof companies (11) come from Ukraine,followed by the Czech Republic (3), Hungary(2), Bulgaria (2) and Estonia (2).Much as in 2011, the shares of KERNEl attractedmost interest among investors. Thetrading value for KERNEL shares throughoutthe year exceeded PLN 1.7 billion whilethe second largest company in this ranking,KOV, generated a figure of nearly PLN 800million.Starting from 30 May 2012, the WSE introducedthe WIG-CEE index as a consequenceof the growing number of issuers from CEEand a step towards raising its profile in theregion. Alongside WIG-Poland and WIG-Ukraine, WIG-CEE is the WSE’s third indexbased on the criterion of the issuer’s countryof origin.Comprehensive information about foreigncompanies can be found at www.wseinternational.eu,a dedicated website with descriptiveinformation on WSE-listed foreigncompanies, analytics as well as current reportsand stock prices.New foreign companies in 2012No. CompanyFirst quotationChange in price sinceIssuing Date Price of shares / Price of shares /pricerights to shares rights to shares offering first quotation(PDA)(PDA)(PLN) (dd.mm) (PLN) (PLN) (%) (%)1 KRKA 202.10 11.04 210.00 220.00 8.86 4.762 KDMSHIPNG 32.40 09.08 33.00 25.10 -22.53 -23.943 TATRY 178.40 15.10 179.00 183.00 2.58 2.234 EXILLON 7.36 29.10 7.40 7.94 7.88 7.305 INTERAOLT 24.17 18.12 25.75 26.64 10.22 3.46*Issue price or the reference price on the IPO date.78


WSE Main ListForeign companies – key figures2012 2011 2010 2009 2008Number of foreign companies at year-end 43 39 27 25 25Capitalisation of foreign companies at year-end (PLN million) 210 657 196 712 253 836 294 643 197 756Average P/E ratio* 18.1 11.6 17.0 10.6 10.0Average P/BV ratio* 0.55 0.67 0.80 0.81 1.27Dividend yield (%)* 2.9 3.0 1.7 4.2 2.8Total turnover value for the year (PLN million) 5 343 8 788 8 222 7 039 6 167Average turnover value per session (PLN million) 21.5 35.0 32.5 28.0 24.6Number of transactions per session 2 244 2 465 1 451 1 961 1 072Average value of transaction (PLN) 9 563 14 204 22 395 14 246 22 925Turnover ratio for companies (%) 1.3 2.5 2.4 2.5 1.6* Average annual figure.Foreign companies traded on the WSE (end of 2012)No. CompanyFirst quotation(dd.mm.yyyy)SectorCountry1 BMPAG 16.12.2004 Finance other Germany2 MOL 22.12.2004 Oil & Gas Hungary3 ASTARTA 17.08.2006 Food Ukraine4 ASSECOSLO 10.10.2006 IT Slovakia5 CEZ 25.10.2006 Power Czech Republic6 CCIINT 08.12.2006 Media Israel7 CEDC 20.12.2006 Wholesaling USA8 PEGAS 21.12.2006 Pharmaceutical Czech Republic9 WARIMPEX 29.01.2007 Developers Austria10 ACE 01.06.2007 Automotive Spain11 ORCOGROUP 21.06.2007 Developers Luxembourg12 SILVANO 23.07.2007 Retailing Estonia13 OLYMPIC 26.09.2007 Hotels & Restaurants Estonia14 PLAZACNTR 19.10.2007 Developers Israel79


Fact Book 2013Foreign companies traded on the WSE (end of 2012) (contd.)No.CompanyFirst quotation(dd.mm.yyyy)SectorCountry15 ASBIS 30.10.2007 Wholesaling Cyprus16 RONSON 05.11.2007 Developers Israel17 KERNEL 23.11.2007 Food Ukraine18 REINHOLD 13.12.2007 Developers Sweden19 UNICREDIT 20.12.2007 Banking Italy20 SOBIESKI 21.04.2008 Food France21 KOV 25.05.2010 Oil & Gas Canada22 FORTUNA 28.10.2010 Services other Czech Republic23 AGROTON 08.11.2010 Foods Ukraine24 MILKILAND 06.12.2010 Foods Ukraine25 SADOVAYA 30.12.2010 Basic materials Ukraine26 AVIASG 03.03.2011 Services other Lithuania27 ESTAR 22.03.2011 Power sector Hungary28 IMCOMPANY 04.05.2011 Food Ukraine29 KSGAGRO 05.05.2011 Food Ukraine30 NEWWORLDR 09.05.2011 Basic materials United Kingdom31 NOVAKBM 11.05.2011 Banking Slovenia32 WESTAISIC 15.06.2011 Electrical engineering Ukraine33 OVOSTAR 29.06.2011 Food Ukraine34 AGROWILL 08.07.2011 Food Lithuania35 COALENERG 04.08.2011 Basic materials Ukraine36 SOPHARMA 28.11.2011 Pharmaceutical Bulgaria37 EUROHOLD 15.12.2011 Finance other Bulgaria38 KRKA 11.04.2012 Pharmaceutical Slovenia39 AERFINANC 02.07.2012 Invests Wielka Brytania40 KDMSHIPNG 09.08.2012 Services other Ukraine41 TATRY 15.10.2012 Hotels & Restaurants Slovakia42 EXILLON 29.10.2012 Oil & Gas Russia43 INTERAOLT 18.12.2012 Power sector Lithuania80


WSE Main ListForeign companies by market value (end of 2012)No. CompanySharesoutstanding(million)Marketvalue(PLN million)Marketshare(%)P/BV P/E Dividendyield(%)1 UNICREDIT 5 789.54 90 837.82 43.12 0.33 11.2 ---2 CEZ 537.99 59 178.87 28.09 1.48 7.5 6.73 MOL 104.52 26 067.05 12.37 0.81 16 2.44 KRKA 35.43 7 793.75 3.70 1.49 11.4 0.65 KERNEL 79.68 5 318.87 2.52 1.34 7.9 ---6 NEWWORLDR 264.66 4 181.60 1.99 1.27 18.1 3.37 ASTARTA 25.00 1 375.00 0.65 0.87 4.3 ---8 CCIINT 51.20 1 331.20 0.63 1.31 15 ---9 EXILLON 161.51 1 282.40 0.61 0.72 x ---10 TATRY 6.71 1 227.42 0.58 1.09 36.8 2.111 ORCOGROUP 107.84 1 078.41 0.51 0.50 x ---12 OLYMPIC 151.33 991.21 0.47 2.80 11.2 ---13 PEGAS 9.23 710.66 0.34 1.23 11.2 5.614 FORTUNA 52.00 702.00 0.33 4.04 16 6.915 KOV 481.76 631.10 0.30 1.63 x ---16 OVOSTAR 6.00 534.00 0.25 1.74 7.4 ---17 INTERAOLT 20.00 532.80 0.25 13.97 7.1 13.518 SOPHARMA 132.00 528.00 0.25 0.64 5.6 ---19 IMCOMPANY 31.30 511.76 0.24 1.24 8.8 ---20 CEDC 81.52 505.40 0.24 0.66 x ---21 SOBIESKI 3.20 492.65 0.23 0.00 x ---22 SILVANO 39.40 472.80 0.22 1.95 18.1 ---23 MILKILAND 31.25 453.13 0.22 0.62 10.2 ---24 COALENERG 45.01 428.96 0.20 1.03 3.7 ---25 PLAZACNTR 297.18 419.03 0.20 0.18 x ---26 ASSECOSLO 21.36 416.73 0.20 0.97 6.9 13.827 AVIASG 5.89 353.60 0.17 2.40 13.1 ---28 EUROHOLD 127.35 292.89 0.14 0.56 36.5 ---29 ESTAR 2.64 224.66 0.11 4.94 x ---30 RONSON 272.36 220.61 0.10 0.51 35.5 ---31 AGROTON 21.67 216.70 0.10 0.47 x ---32 WARIMPEX 54.00 210.60 0.10 0.67 6.2 ---81


Fact Book 2013Foreign companies by market value (end of 2012) (contd.)No. CompanySharesoutstanding(million)Marketvalue(PLN million)Marketshare(%)P/BV P/E Dividendyield(%)33 NOVAKBM 39.12 194.44 0.09 0.14 x ---34 KDMSHIPNG 7.30 183.13 0.09 1.94 4.1 9.835 KSGAGRO 14.93 173.14 0.08 0.54 2.8 ---36 ASBIS 55.50 159.84 0.08 0.51 4 4.337 ACE 21.23 121.01 0.06 0.73 13.1 3.638 SADOVAYA 43.09 89.19 0.04 0.39 7.5 ---39 ATLASEST 50.32 83.03 0.04 0.21 x ---40 AGROWILL 84.82 50.89 0.02 0.33 5.8 ---41 BMPAG 18.82 46.30 0.02 0.69 x ---42 WESTAISIC 44.13 32.66 0.02 0.42 x ---43 REINHOLD 7.00 1.96 0.00 0.00 x ---Total: 210.657 100.00 0.56 12.1 2.4Foreign companies by trading value in 2012No. Company Order-book trades Block tradesTurnovervalueAverage Averagevolume number oftransactionsAveragenumber oforders(PLN million) per session per session per session (PLN million)Turnover Number ofvalue transactions1 KERNEL 1 715.7 103 740 455 2 592 48.4 332 KOV 791.0 2 206 233 577 2 517 1.1 43 CEDC 389.6 123 866 355 1 624 6.3 94 CEZ 380.0 12 884 26 2 846 0.8 25 CCIINT 259.8 34 498 11 75 3.4 76 UNICREDIT 226.2 58 916 22 770 0.8 27 NEWWORLDR 198.9 47 763 10 1 5958 ASTARTA 174.3 11 664 38 186 4.0 149 MOL 165.3 2 632 4 1 186 9.8 810 SADOVAYA 137.0 158 435 190 972 0.1 111 MILKILAND 82.9 20 249 34 182 0.1 112 AGROTON 69.9 21 288 60 296 0.6 213 SOBIESKI 58.5 1 130 62 66514 OVOSTAR 55.9 2 443 20 12482


WSE Main ListForeign companies by trading value in 2012 (contd.)No. Company Order-book trades Block tradesTurnovervalueAverage Averagevolume number oftransactionsAveragenumber oforders(PLN million) per session per session per session (PLN million)15 COALENERG 54.1 9 815 16 77Turnover Number ofvalue transactions16 FORTUNA 51.3 13 195 11 347 1.8 417 KRKA 49.8 1 403 0 318 WESTAISIC 48.6 167 122 100 52019 SILVANO 46.4 14 376 12 73 1.5 320 PLAZACNTR 46.3 84 853 22 143 1.2 221 KSGAGRO 40.2 9 896 19 16722 ACE 35.2 24 135 20 127 0.4 323 IMCOMPANY 31.7 10 217 20 12424 ASBIS 28.1 45 884 26 138 0.5 125 AVIASG 19.1 2 044 18 12026 ORCOGROUP 17.8 5 595 31 1 69127 WARIMPEX 13.8 15 126 12 165 0.3 128 ASSECOSLO 11.2 2 211 2 2429 NOVAKBM 9.9 6 514 6 56 1.2 530 RONSON 8.3 35 015 11 12231 PEGAS 7.8 394 2 18432 REINHOLD 6.7 24 980 23 17533 BMPAG 4.7 6 723 10 8434 INTERAOLT 2.9 18 243 40 7535 ATLASEST 2.8 6 713 5 48 3.5 436 OLYMPIC 2.2 1 608 1 1837 AERFINANC 1.9 50 633 20 15738 AGROWILL 1.2 6 855 4 3539 TATRY 0.9 96 3 1140 KDMSHIPNG 0.8 297 4 4141 EXILLON 0.6 1 960 9 4842 EUROHOLD 0.4 710 1 1943 NEWWORLDN 0.4 80 1 1944 SOPHARMA 0.2 100 0 10 6.3 345 ESTAR 0.0 0 0 3 2.7 683


Fact Book 2013Structured ProductsStructured products are financial instrumentswhere the price is dependent on thevalue of specific underlying market indicators(e.g. equity prices or stock baskets, valuesof stock indices, commodities or foreignexchange rates). They are issued by financialinstitutions, most commonly by banksor brokerage houses. The issuer of a structured product with adefined maturity commits to make a paymentto the buyer (investor) at maturity,and the sum to be paid is calculated accordingto a predetermined formula. Theredemption formula enables the holdersof structured products to monitor changesin the values of their instruments onan ongoing basis. The issuer of a structured product withouta defined maturity (open-end certificates)commits to ensure that the priceof the certificate will follow the price ofthe underlying instrument. There arealso certificates (short certificates) whichoffer potential gains when the prices ofunderlying instruments decline – thoseare the so-called SHORT certificates.Depending on their design, two essentialtypes of structured products can be identified: Knock-out certificates – instruments withfinancial leverage and a built-in knockout.They offer an opportunity for highergains versus the underlying instrument,no matter if the price of the underlyinginstrument increases or declines. Factor certificates – instruments with unchangeablefinancial leverage without adefined maturity (open-end). They allowthe holder to attain higher gains versusthe underlying instrument, no matter ifthe price of the underlying instrumentincreases or declines Option warrants – the payment profileis the same as for an option buyer. Thisproduct has an issuer and is an instrumentwith a financial leverage which offerspotential gains no matter if the priceof the underlying instrument increasesor declines. Trackers – instruments which track thechanges of a market index (mostly in basicmaterials, agricultural commodities,stock indices, stock prices, baskets comprisingvarious instruments etc.). Theyoffer opportunities for gains no matterif the underlying index increases or declines(so-called short certificates). Products which ensure partial securityof invested capital – they bear a lowerrisk than trackers or option warrants.The major part of invested capital is putin safe assets (e.g. bonds, deposits). Thesecond part of the investment is put towork to generate the intended rate of return. Products which ensure complete securityof invested capital – the safest ofthe current products which offer a predeterminedshare of yield generated bythe underlying market indicator, coupledwith a guaranteed 100 per cent refundof the nominal sum upon the settlementdate. Other product types, where the paymentprofile depends on fulfilment of conditionsdescribed in ‘Final Terms’.Structured products can be further subdividedinto short-, medium- and long-termproducts as well as open-end products, dependingon their maturity.The first ever structured product (a structuredbond) was launched on the WSE in August2006. At the end of 2012 a total of 343structured products were listed, among them327 certificates and 16 bonds (the figures for2011 were, respectively, 206 structured products,incl. 178 certificates and 28 bonds). Theturnover value for 2012 reached PLN 164.5million versus PLN 350.8 for 2011.84


WSE Main ListAt the end of 2012, the WSE listed structuredproducts from the following issuers:Deutsche Bank London, ERSTE Bank, RaiffeisenCentrobank, Barclays Bank, BNPParibas, UniCredit, SeccurAsset SA and theRoyal Bank of Scotland.as a new addition, factor certificates whichenable investments in commodities (gold,silver, oil, sugar, wheat and corn) with afixed leverage, as well as stock market indices(EURO, STOXX50, WIG20 and DAX).In 2012 the WSE continued to develop cashmarket instruments, expanding its range by237 structured products, including: turbocertificates, trackers, WIG20 warrants and,Structured products – key figures2012 2011 2010 2009 2008Number of listed series at year-end 343 206 148 70 46Total turnover value for the year (PLN thousand)* 164 332 350 224 285 188 156 118 78 088Average turnover value per session (PLN thousand) 660 1 395 1 127 620 311Number of transactions per session 77 127 93 66 33Average value of transaction (PLN) 8 578 10 972 12 146 9 406 9 412Block tradesNumber of transactions (single-counted) 2 1 4 1 2Average value of transaction (PLN thousand) 101 579 108 194 2 996.88Total turnover value for the year (PLN thousand) 203 579 430 194 5 994* Excluding block trades.85


Fact Book 2013Investment CertificatesInvestment certificates are issued by closedendinvestment funds. As bearer securities,they may be listed on the WSE. Investmentfunds which issue certificates are establishedfor a specified period of time. Theirobjective is to achieve the highest possiblereturns on the capital paid in by fund participants,mainly through investments in securities.The fund ceases to exist through aliquidation procedure whereby investmentcertificates are redeemed and fund participantsreceive payments according to thenumber of certificates held and their finalvaluation.At the end of 2012, a total of 58 series ofsertificates were listed, with the total valueof trading reaching PLN 57.2 million.Investment certificates – key figures2012 2011 2010 2009 2008Continuous tradingNumber of listed series at year-end 58 60 58 50 47Total turnover value for the year (PLN thousand)* 55 926 128 979 105 244 103 696 336 795Average turnover value per session (PLN thousand) 225 514 416 412 1 342Number of transactions per session 39 76 64 69 103Average value of transaction (PLN) 5 703 6 795 6 517 5 993 12 986Turnover volume per session 1 088 1 541 1 497 1 311 7 683Block tradesNumber of transactions (single-counted) 5 8 3 3 9Average value of transaction (PLN thousand) 254 5 019 685 141 364Total turnover value for the year (PLN thousand) 1 272 40 154 2 056 424 3 279* Excluding block trades.Investment certificates market calendar in 2012First quotationNo. Ticker First quotation date(dd.mm)1 KBCGJ1FIZ 26.04.122 KBCKS1FIZ 09.07.123 KBCAM1FIZ 13.08.124 KBCJU1FIZ 03.12.125 UNISYS1AB 21.12.12Last quotationNo. Ticker Last quotation date(dd.mm)1 KBCPP2FIZ 26.01.122 KBCFINFIZ 27.03.123 KBCDLWFIZ 27.03.124 KBCATLFIZ 27.03.125 KBCEIIFIZ 28.05.126 KBCEURFIZ 26.06.127 KBCISNFIZ 26.10.1286


WSE Main ListETFsETF (exchange-traded fund) is an open-endinvestment fund aimed to reflect index performance.Units of an ETF can be createdand redeemed every day. Participation unitsin ETFs are securities and are traded on thestock exchange in the same way as equitiesare.The ETF on the WSE was launched byLYXOR Asset Management (part of SocieteGenerale Group) in 2010 and based on theWIG20 index. Starting from May 2011, twofurther ETFs have been listed: one linked toDAX and one to S&P500. The value of theWIG20 EFT corresponds with 1/10 of thevalue of WIG20 whereas the values of DAXand S&P500 ETFs correspond with 1/100 oftheir respective values, respectively in EURand USD.Throughout 2012 the value of trading inETFs amounted to PLN 223.2 million withthe trading value in 2011 reaching PLN284.3.ETFs – key figures2012 2011 2010ETFs – continuous tradingNumber of series traded at year-end 3 3 1Total turnover value for the year (PLN thousand)* 217 126 259 718 70 515Average turnover value per session (PLN thousand) 872 1 035 279Number of transactions per session 29 35 10Average value of transaction (PLN) 29 825 29 798 26 822Trading volume per session 4 479 4 178 1 026Net asset value, total (PLN thousand) 3 248 486 3 418 025 251 357Net asset value per unit (PLN) 618.44 514.15 279.29ETFs – block tradesNumber of transactions (single-counted) 1 5 5Average value of transaction (PLN thousand) 6 045 4 918 2 923Total turnover value for the year (PLN thousand) 6 045 24 590 14 616* Excluding block trades.87


Fact Book 2013Option WarrantsOption warrants are issued by financial institutions.They have an issuer, a prospectusand an information document (terms of finalissue), separate for each series traded. Warrantsgive investors the right (not an obligation)to buy or sell a selected underlying instrument(e.g. equities, index) on a specificfuture date at a pre-determined price. Thisprice, called the exercise price, is set by theissuer.Investors which expect the price of the underlyinginstrument to go up, buy call warrants.Investors who want to protect themselvesagainst a declining price or earnon such price declines buy put warrants.An option warrant contains an element of afinancial leverage which offers an opportunityto achieve higher rates of return frominvestment versus investments in underlyinginstruments. Purchased warrants maybe kept until maturity or sold at any time ata market price.Warrants returned to the WSE (after a fewyears’ break) in July 2011. They are issuedby Raiffeisen Centrobank AG. At the end of2012 a total of 60 American-style warrantsfrom that issuer were in trading, linked toequities and the WIG20 index.Warrants – key figuresTotal warrants 2012 2011 1 2005 2 2004 2003Total turnover value (PLN thousand) 223.17 546.10 2 884.38 11 459.60 15 491.85Average turnover per session (PLN thousand) 0.90 4.83 11.92 44.94 61.72Average volume per session 1 016 7 801 1 278 5 333 8 011Number of transactions per session 1 8 7 15 22Number of series (at year-end) 68 90 8 29 35Index warrants 3 2012 2011 2005 2004 3 2003Total turnover value (PLN thousand) 37 20 --- 11 73 1 973 07 3 646 89Average turnover per session (PLN thousand) 0 33 --- 0 21 7 86 14 65Average volume per session 211 --- 27 1 062 736Number of transactions per session 2 --- 0 3 5Number of series (at year-end) 13 --- 2 2 8Stock warrants 4 2012 2011 2005 4 2004 2003Total turnover value (PLN thousand) 508 90 1 981 43 5 695 34 8 302 52 3 555 58Average turnover per session (PLN thousand) 4 50 8 19 22 33 33 08 14 28Average volume per session 7 590 985 3 428 5 234 2 863Number of transactions per session 6 5 8 12 6Number of series (at year-end) 77 6 27 31 31Futures warrants 5 2012 2011 2005 2004 2003Total turnover value (PLN thousand) --- 902 95 5 752 53 5 216 26 1 286 94Average turnover per session (PLN thousand) --- 3 73 22 56 20 78 5 17Average volume per session --- 293 1 899 1 715 533Number of transactions per session --- 2 7 6 3Number of series (at year-end) --- 2 2 2 21Those warrants returned to trading on 21 July 2011.216 December 2005 was the last day of trading for warrants.319 March 2004 was the last day of trading for index warrants.416 December 2005 was the last day of trading for stock warrants.5Futures warrants were traded between 24 September 2001 and 16 December 2005.88


WSE Main ListShort SellingShort selling was allowed on the WarsawStock Exchange starting from 1 July 2010.Short selling means that investors sell securitieswhich are not held on their investmentaccounts at the moment of sale. Whensettlement occurs (normally three days afterthe day of sale) the investor needs to havethe securities to provide them to the buyer.The most popular way of obtaining securitiesfor the transaction is to loan them (e.g.from the investor’s brokerage house). It isimportant to bear in mind that short sellingis not available to all customers and isoffered under the contract signed with thebrokerage house which maintains the investor’ssecurities account. Moreover, not allsecurities can be involved in short selling.The WSE defines criteria to be met by securitiesto be admitted to short selling. Separatecriteria are defined for orders placed byinvestors and financial institutions acting ontheir own account and for market makers.As of the end of 2012, the WSE memberswere allowed to engage in short selling ontheir own account or their clients’ accountwith regard to shares in 30 companies and36 bonds (the figures at the end of 2011were, respectively, 33 and 38). Market makerswere allowed to conduct short sellinginvolving shares of 140 companies and 36bonds (at the end of 2011 those were, respectively,shares in 140 companies and 38bonds). In 2012 the share of short selling inequities trading on the Main List represented1.5% (1.1% in 2011, and 0.1% from Julyto December 2010).Short selling (SS)2012 2011 2010*Number of instruments (at year-end) 176 178 178Total turnover value (PLN thousand) 2 778 108 2 682 050 1 008 643Average turnover per session (PLN thousand) 11 157 10 685 7 819Average number of transactions per session 511 419 290Average value of transaction (PLN thousand) 22 26 27* Data since 1 July 2010.89


Fact Book 2013WSE IndicesAt the end of 2012 the Warsaw Stock Exchangecalculated and published eightindices, eleven sectoral subindices, twostrategy indices, two national indices, twoexternal indices and one regional index.The values of eight indices are reportedon an ongoing basis (from session start tillend). Those are: WIG20, mWIG40, sWIG80, WIG-Plus WIGdiv WIG WIG CEE RESPECTIndexThe values of WIG-Poland, WIG-Ukraine,WIG20TR and sectoral subindices are publishedthree times during a trading session(after the first and the second auction andupon the end of the session).New indicesOn 30 May 2012 the WSE began to calculateWIG-CEEgrouping all listed companies from Centraland Eastern Europe. WIG-CEE is a total returnindex, which means that income fromits constituent shares, dividends and preemptiverights is also taken into account forits calculation.On 3 December 2012, the WSE began topublish WIG20TRi.e. a WIG20-based index calculated includingincome from market operations, such asdividend payment or a new share issue withpre-emptive rights. The WIG20TR portfolioand the rules of its calculation are in linewith the respective rules for WIG20.90


WSE Main ListThe WIG20 IndexCalculated since 16 April 1994, WIG20 is theindex of the largest quoted companies (bluechips) and has a base value of 1,000 points.WIG20 values are calculated on the basisof share prices of 20 listed companies. Thisindex is published from the start until theclose of a session at 15-second intervals.WIG20 is a price index, which means thatincome from dividends and pre-emptiverights is not taken into account in its calculation.Changes to the WIG20 composition aremade four times a year. The annual reviewis conducted in March, whereas quarterlyadjustments take place in June, Septemberand December.and EUR 1 million, not in a special situation(as defined in the WSE Rules), not classifiedto either MINUS 5 or ALERT LIST, and notpart of the Lower Liquidity Zone. Companiesselected with this method are then rankedby turnover value for the last 12 months(weight 0.6) and free float value (weight0.4). The index covers companies which areranked 1 to 25 in the case of a review, andranked 1 to 30 in the case of an adjustment.Shares held by companies in this index areupdated during each review and adjustmentexercise, based on the current free floatbalance. As an additional requirement, onecompany may have no more than a 15%share in this index.The list of constituent companies of this indexis drawn up from a special list coveringcompanies with free float exceeding 10%The WIG20 index in 20123 0002 7502 602.5119 Dec2 5002 2502 0002 035.824 MayJanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember91


Fact Book 2013The WIG20 index portfolio (end of 2012)No. Shares Price of shares Number of shares in Market value Share in WIG20portfolio(PLN) (PLN) (%)1 KGHM 190.00 136 410 000 25 917 900 000 14.922 PZU 437.00 55 967 000 24 457 579 000 14.083 PKOBP 36.90 654 932 000 24 166 990 800 13.914 PEKAO 167.50 106 971 000 17 917 642 500 10.325 PKNORLEN 49.50 309 999 000 15 344 950 500 8.836 PGE 18.21 712 636 000 12 977 101 560 7.477 PGNIG 5.21 1 628 088 000 8 482 338 480 4.888 TPSA 12.23 647 357 000 7 917 176 110 4.569 TAURONPE 4.75 1 043 555 000 4 956 886 250 2.8510 BOGDANKA 136.00 33 979 000 4 621 144 000 2.6611 BRE 326.00 12 785 000 4 167 910 000 2.4012 JSW 92.40 37 704 000 3 483 849 600 2.0113 KERNEL 66.75 49 223 000 3 285 635 250 1.8914 HANDLOWY 98.30 32 665 000 3 210 969 500 1.8515 ASSECOPOL 45.35 69 483 000 3 151 054 050 1.8116 SYNTHOS 5.41 496 691 000 2 687 098 310 1.5517 LOTOS 41.20 60 797 000 2 504 836 400 1.4418 GTC 9.90 230 737 000 2 284 296 300 1.3219 TVN 9.92 158 105 000 1 568 401 600 0.9020 BORYSZEW 0.62 969 028 000 600 797 360 0.3592


WSE Main ListThe mWIG40IndexAs the successor to the MIDWIG, themWIG40 index covers medium size companies(by market value and turnover). Theindex has been published by the WSE since31 December 1997, its base value being1,000 points.mWIG40 values are calculated on the basisof share prices of 40 listed companies.This index is published from the start untilthe close of session at one-minute intervals.mWIG40 is a price index, which means thatincome from dividends and pre-emptiverights is not taken into account in its calculation.Changes to the composition ofmWIG40 are made four times a year. The annualreview is conducted in March, whereasquarterly adjustments take place in June,September and December.and EUR 1 million, not in a special situation(as defined in the WSE Rules), not classifiedto either MINUS 5 or ALERT LIST, and notpart of the Lower Liquidity Zone. Companiesselected according to this method arethen ranked by turnover value for the last12 months (weight 0.6) and free float value(weight 0.4). The index covers companieswhich are ranked 25 to 65 in the case of areview, and ranked 30 to 70 in the case of anadjustment.Company shares in this index are updatedduring each revision and adjustment exercise,based on the current free float balance.As an additional requirement, one companymay have no more than a 10% share in thisindex.The list of constituent companies of this indexis drawn up from a special list coveringcompanies with free float exceeding 10%The mWIG40 index in 20123 0002 7502 625.9619 Dec2 5002 2502 147.525 Jun2 000JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember93


Fact Book 2013The mWIG40 index portfolio (end of 2012)No. Shares Price of shares Number of shares in Market value Share in mWIG40portfolio(PLN) (PLN) (%)1 LPP 4 550.00 930 000 4 231 500 000 9.972 EUROCASH 43.70 77 261 000 3 376 305 700 7.953 INGBSK 91.00 32 525 000 2 959 775 000 6.974 CYFRPLSAT 16.41 168 807 000 2 770 122 870 6.535 ENEA 15.73 131 913 000 2 074 991 490 4.896 GETINOBLE 1.79 1 075 039 000 1 924 319 810 4.537 AZOTYTARNOW 53.90 35 085 000 1 891 081 500 4.458 MILLENNIUM 4.42 418 366 000 1 849 177 720 4.369 NETIA 4.28 372 699 000 1 595 151 720 3.7610 CCC 73.00 20 030 000 1 462 190 000 3.4411 AMREST 96.20 14 216 000 1 367 579 200 3.2212 KETY 144.90 9 226 000 1 336 847 400 3.1513 ECHO 5.05 233 735 000 1 180 361 750 2.7814 NEWWORLDR 15.80 70 868 000 1 119 714 400 2.6415 GPW 38.87 27 123 000 1 054 271 010 2.4816 GETIN 2.82 324 766 000 915 840 120 2.1617 KREDYTB 16.50 54 332 000 896 478 000 2.1118 PULAWY 137.50 6 474 000 890 175 000 2.1019 EMPERIA 57.95 15 115 000 875 914 250 2.0620 ORBIS 38.00 21 801 000 828 438 000 1.9521 BUDIMEX 70.00 10 452 000 731 640 000 1.7222 CIECH 22.20 32 292 000 716 882 400 1.6923 INTERCARS 86.00 8 053 000 692 558 000 1.6324 CCIINT 26.00 23 610 000 613 860 000 1.4525 KOPEX 17.70 30 713 000 543 620 100 1.2826 BIOTON 0.10 5 216 479 000 521 647 900 1.2327 ASTARTA 55.00 9 256 000 509 080 000 1.2028 AGORA 10.38 45 245 000 469 643 100 1.1129 KRUK 44.06 10 078 000 444 036 680 1.0530 CDPROJEKT 6.20 55 376 000 343 331 200 0.8131 IMPEXMET 3.50 98 000 000 343 000 000 0.8132 MIDAS 0.65 503 124 000 327 030 600 0.7733 POLIMEXMS 0.62 521 117 000 323 092 540 0.7634 CORMAY 12.93 23 135 000 299 135 550 0.7135 KOV 1.31 214 321 000 280 760 510 0.6636 HAWE 3.80 58 937 000 223 960 600 0.5337 ROVESE 1.42 123 345 000 175 149 900 0.4138 PETROLINV 1.40 113 902 000 159 462 800 0.3839 CEDC 6.20 16 040 000 99 448 000 0.2340 IDMSA 0.21 184 975 000 38 844 750 0.0994


WSE Main ListThe sWIG80IndexThe sWIG80 index is the successor to theWIRR. Its portfolio covers listed companieswhich are smaller than the WIG20 andmWIG40 constituents.The index has been published by the WSEsince 31 December 1994, its base valuebeing 1,000 points. sWIG80 values are calculatedon the basis of share prices for 80listed companies. This index is publishedfrom the start until the close of session atone-minute intervals.sWIG80 is a price index, which means that incomefrom dividends and pre-emptive rightsis not taken into account in its calculation.Changes to its composition are made fourtimes a year. The annual review is conductedin March, whereas quarterly adjustments takeplace in June, September and December.The list of constituent companies of this indexis drawn up from a special list coveringcompanies with free float exceeding 10%and EUR 1 million, not in a special situation(as defined in the WSE Rules), not classifiedto either MINUS 5 or ALERT LIST, and notpart of the Lower Liquidity Zone. Companiesselected according to this method arethen ranked by turnover value for the last12 months (weight 0.6) and free float value(weight 0.4). The index covers companieswhich ranked 65 to 145 in the case of a review,and ranked 70 to 155 in the case of anadjustment.Company shares in this index are updatedduring each revision and adjustment exercise,based on the current free float balance.As an additional requirement, one companymay have no more than a 10% share in thisindex.The sWIG80 index in 201210 50010 536.2915 Mar10 0009 5009 0008 5008 567.889 JanJanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember95


Fact Book 2013The sWIG80 index portfolio (end of 2012)No. Shares Price of shares Number of shares in Market value Share in sWIG80portfolio(PLN) (PLN) (%)1 APATOR 32.63 25 333 000 826 615 790 4.742 ZEPAK 28.45 25 825 000 734 721 250 4.213 KOGENERA 86.50 7 450 000 644 425 000 3.694 WAWEL 798.00 718 000 572 964 000 3.285 INTEGERPL 184.50 3 021 000 557 374 500 3.196 FAMUR 4.77 110 906 000 529 021 620 3.037 MENNICA 22.66 22 376 000 507 040 160 2.908 ELBUDOWA 106.50 4 748 000 505 662 000 2.909 SANOK 18.15 23 391 000 424 546 650 2.4310 NFIEMF 16.65 24 946 000 415 350 900 2.3811 BANKBPH 48.89 8 318 000 406 667 020 2.3312 FARMACOL 32.59 11 602 000 378 109 180 2.1713 KOFOLA 27.50 13 089 000 359 947 500 2.0614 OPENFIN 14.00 24 750 000 346 500 000 1.9915 COMARCH 73.50 4 586 000 337 071 000 1.9316 STALPROD 184.00 1 796 000 330 464 000 1.8917 ZELMER 39.28 7 807 000 306 658 960 1.7618 BOS 30.00 9 921 000 297 630 000 1.7119 PELION 30.50 9 620 000 293 410 000 1.6820 DEBICA 61.00 4 686 000 285 846 000 1.6421 ATM 10.39 26 402 000 274 316 780 1.5722 COMP 59.40 4 386 000 260 528 400 1.4923 PEP 28.70 9 002 000 258 357 400 1.4824 LCCORP 1.17 218 432 000 255 565 440 1.4625 ASSECOSLO 19.51 12 800 000 249 728 000 1.4326 AMICA 54.65 4 443 000 242 809 950 1.3927 ABPL 19.44 11 927 000 231 860 880 1.3328 RAFAKO 8.39 27 404 000 229 919 560 1.3229 DOMDEV 34.19 6 694 000 228 867 860 1.3130 GRAJEWO 13.15 17 316 000 227 705 400 1.3031 KREZUS 18.40 12 209 000 224 645 600 1.2932 MCI 6.37 34 286 000 218 401 820 1.2533 IPOPEMA 8.89 23 533 000 209 208 370 1.2034 SNIEZKA 39.39 5 026 000 197 974 140 1.1335 ASSECOBS 10.75 17 890 000 192 317 500 1.1036 NEUCA 95.50 1 943 000 185 556 500 1.0637 BENEFIT 230.00 802 000 184 460 000 1.0638 ALCHEMIA 5.00 36 441 000 182 205 000 1.0439 SYGNITY 14.45 11 809 000 170 640 050 0.9840 ACTION 22.40 7 557 000 169 276 800 0.9796


WSE Main ListThe sWIG80 index portfolio (end of 2012) (contd.)No. Shares Price of shares Number of shares in Market value Share in sWIG80portfolio(PLN) (PLN) (%)41 POLICE 12.39 13 586 000 168 330 540 0.9642 POLNORD 10.40 15 839 000 164 725 600 0.9443 FORTE 12.90 12 724 000 164 139 600 0.9444 LENTEX 4.90 32 945 000 161 430 500 0.9345 IMCOMPANY 16.35 9 809 000 160 377 150 0.9246 RADPOL 8.00 19 627 000 157 016 000 0.9047 BBIDEVNFI 0.38 407 046 000 154 677 480 0.8948 WIELTON 4.25 36 150 000 153 637 500 0.8849 CITYINTER 24.34 6 303 000 153 415 020 0.8850 MERCOR 14.80 9 922 000 146 845 600 0.8451 OVOSTAR 89.00 1 500 000 133 500 000 0.7752 IMPEL 30.74 4 266 000 131 136 840 0.7553 ZPUE 247.90 522 000 129 403 800 0.7454 MOSTALWAR 12.55 9 981 000 125 261 550 0.7255 MILKILAND 14.50 8 426 000 122 177 000 0.7056 COLIAN 2.18 55 772 000 121 582 960 0.7057 RANKPROGR 11.02 10 805 000 119 071 100 0.6858 KREDYTIN 12.80 8 973 000 114 854 400 0.6659 VISTULA 1.08 100 261 000 108 281 880 0.6260 ACE 5.70 18 800 000 107 160 000 0.6161 COALENERG 9.53 11 253 000 107 241 090 0.6162 EKOEXPORT 14.85 7 035 000 104 469 750 0.6063 ORZBIALY 15.77 6 534 000 103 041 180 0.5964 IZOSTAL 7.50 13 005 000 97 537 500 0.5665 SKOTAN 4.08 23 372 000 95 357 760 0.5566 CALATRAVA 0.38 245 220 000 93 183 600 0.5367 MOSTALZAB 1.14 72 000 000 82 080 000 0.4768 JWCONSTR 4.04 20 091 000 81 167 640 0.4769 DUDA 0.39 199 109 000 77 652 510 0.4570 AGROTON 10.00 6 610 000 66 100 000 0.3871 MNI 1.47 44 666 000 65 659 020 0.3872 GANT 3.90 15 836 000 61 760 400 0.3573 TRAKCJA 0.59 102 298 000 60 355 820 0.3574 URSUS 3.46 7 319 000 25 323 740 0.1575 SADOVAYA 2.07 10 771 000 22 295 970 0.1376 EFH 0.18 103 138 000 18 564 840 0.1177 ATLANTIS 0.13 128 520 000 16 707 600 0.1078 FON 0.10 114 241 000 11 424 100 0.0779 IFCAPITAL 0.36 29 348 000 10 565 280 0.0680 POLJADLO 0.19 34 280 000 6 513 200 0.0497


Fact Book 2013The WIG-PlusIndexWIG-Plus covers the smallest listed companies.The WSE started publishing this indexon 1 December 2011 and its base value on31 December 2009 was 1,000 points. Thevalue of this index is calculated on the basisof share prices of constituent companies.This index is published from the start untilthe close of session at one-minute intervals.WIG-Plus is a price index, which means thatincome from dividends and pre-emptiverights is not taken into account in its calculation.Changes to its composition are madefour times a year. The annual review is conductedin March, whereas quarterly adjustmentstake place in June, September andDecember.The list of constituent companies of this indexis drawn up from a special list coveringcompanies with free float exceeding 10%and EUR 1 million, not in a special situation(as defined in the WSE Rules), not classifiedto either MINUS 5 or ALERT LIST, and notpart of the Lower Liquidity Zone. Companiesselected according to this method arethen ranked by turnover value for the last12 months (weight 0.6) and free float value(weight 0.4). The index covers companieswhich made it to this list, were not classifiedto WIG20, mWIG40 or sWIG80 but wereincluded in the 5 PLUS segment.Company shares in this index are updatedduring each revision and adjustment exercise,based on the current free float balance.As an additional requirement, one companymay have no more than a 10% share in thisindex.The WIG-Plus index in 20121 000900899.5321 Feb800700690.1514 Aug600JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember98


WSE Main ListThe WIG-Plus index portfolio (end of 2012)No. Shares Price of shares Number of shares in Market valueShareportfolioin WIG-Plus(PLN) (PLN) (%)1 ZETKAMA 41.38 3 289 000 136 098 820 2.292 PTI 15.95 7 408 000 118 157 600 1.993 AVIASG 60.00 1 884 000 113 040 000 1.904 ALMA 27.00 3 993 000 107 811 000 1.815 INSTALKRK 17.15 6 190 000 106 158 500 1.796 PANOVA 19.00 5 552 000 105 488 000 1.777 ARMATURA 1.22 80 619 000 98 355 180 1.658 QUMAKSEK 9.31 10 375 000 96 591 250 1.629 FERRO 6.20 15 082 000 93 508 400 1.5710 EMCINSMED 15.95 5 369 000 85 635 550 1.4411 QUERCUS 2.46 33 631 000 82 732 260 1.3912 VOXEL 18.10 4 559 000 82 517 900 1.3913 AMBRA 8.09 9 800 000 79 282 000 1.3314 PAGED 15.14 5 128 000 77 637 920 1.3115 ASBIS 2.88 26 624 000 76 677 120 1.2916 APLISENS 14.49 5 224 000 75 695 760 1.2717 TIM 5.22 14 277 000 74 525 940 1.2518 ENERGOINS 14.50 5 064 000 73 428 000 1.2419 NOWAGALA 1.96 36 623 000 71 781 080 1.2120 ERBUD 13.95 4 903 000 68 396 850 1.1521 OTMUCHOW 10.70 6 257 000 66 949 900 1.1322 BARLINEK 0.90 72 086 000 64 877 400 1.0923 ADVGRUPA 13.12 4 933 000 64 720 960 1.0924 UNIBEP 5.05 12 792 000 64 599 600 1.0925 POZBUD 3.40 18 500 000 62 900 000 1.0626 PEKAES 5.50 11 289 000 62 089 500 1.0427 MIESZKO 4.36 13 935 000 60 756 600 1.0228 ELEKTROTI 8.60 7 027 000 60 432 200 1.0229 KINOPOL 13.55 4 441 000 60 175 550 1.0130 GRAAL 14.95 3 975 000 59 426 250 1.0031 ULMA 43.85 1 288 000 56 478 800 0.9532 OPONEO.PL 7.00 7 841 000 54 887 000 0.9233 HYDROTOR 26.94 2 027 000 54 607 380 0.9234 ERGIS 3.34 16 213 000 54 151 420 0.9135 PEPEES 0.89 60 343 000 53 705 270 0.9036 KONSSTALI 24.85 2 139 000 53 154 150 0.8937 MIRBUD 1.23 42 899 000 52 765 770 0.8938 ENERGOPOL 8.44 6 207 000 52 387 080 0.8839 BSCDRUK 17.20 3 032 000 52 150 400 0.8840 LUBAWA 0.70 74 528 000 52 169 600 0.8899


Fact Book 2013The WIG-Plus index portfolio (end of 2012) (contd.)No. Shares Price of shares Number of shares in Market valueShareportfolioin WIG-Plus(PLN) (PLN) (%)41 COGNOR 2.18 22 531 000 49 117 580 0.8342 PGODLEW 1.85 26 306 000 48 666 100 0.8243 PROTEKTOR 4.04 12 033 000 48 613 320 0.8244 PROJPRZEM 8.80 5 471 000 48 144 800 0.8145 DECORA 8.50 5 572 000 47 362 000 0.8046 PLASTBOX 2.45 19 178 000 46 986 100 0.7947 RELPOL 8.06 5 829 000 46 981 740 0.7948 IDEON 0.16 293 319 000 46 931 040 0.7949 PCGUARD 1.91 23 938 000 45 721 580 0.7750 LIBET 1.98 22 915 000 45 371 700 0.7651 RONSON 0.81 55 662 000 45 086 220 0.7652 BERLING 6.60 6 730 000 44 418 000 0.7553 WARIMPEX 3.90 11 350 000 44 265 000 0.7454 BLACKLION 0.76 58 068 000 44 131 680 0.7455 HARPER 1.73 25 500 000 44 115 000 0.7456 WASKO 2.51 17 393 000 43 656 430 0.7357 INDYKPOL 35.70 1 166 000 41 626 200 0.7058 SELENAFM 7.94 5 246 000 41 653 240 0.7059 PROCHEM 16.14 2 550 000 41 157 000 0.6960 ARTERIA 13.43 3 020 000 40 558 600 0.6861 TOYA 2.40 16 402 000 39 364 800 0.6662 ZUE 6.54 6 000 000 39 240 000 0.6663 HERKULES 1.28 30 390 000 38 899 200 0.6564 ZASTAL 1.88 20 435 000 38 417 800 0.6565 ENELMED 4.10 9 319 000 38 207 900 0.6466 ATMGRUPA 1.02 36 892 000 37 629 840 0.6367 TELL 10.00 3 716 000 37 160 000 0.6368 ESSYSTEM 2.50 13 646 000 34 115 000 0.5769 KANIA 1.80 18 504 000 33 307 200 0.5670 FASING 26.67 1 239 000 33 044 130 0.5671 INPRO 3.23 10 010 000 32 332 300 0.5472 GROCLIN 12.66 2 550 000 32 283 000 0.5473 ROPCZYCE 17.20 1 845 000 31 734 000 0.5374 LENA 3.00 10 150 000 30 450 000 0.5175 ATMSI 1.23 24 471 000 30 099 330 0.5176 STAPORKOW 20.47 1 471 000 30 111 370 0.5177 KRAKCHEM 5.90 5 000 000 29 500 000 0.5078 NETMEDIA 4.30 6 815 000 29 304 500 0.4979 HUTMEN 3.29 8 900 000 29 281 000 0.4980 4FUNMEDIA 20.20 1 444 000 29 168 800 0.49100


WSE Main ListThe WIG-Plus index portfolio (end of 2012) (contd.)No. Shares Price of shares Number of shares in Market valueShareportfolioin WIG-Plus(PLN) (PLN) (%)81 PRESCO 7.28 3 686 000 26 834 080 0.4582 INTROL 4.45 5 995 000 26 677 750 0.4583 RAINBOW 4.13 6 344 000 26 200 720 0.4484 BUMECH 6.19 4 191 000 25 942 290 0.4485 K2INTERNT 16.99 1 493 000 25 366 070 0.4386 KDMSHIPNG 25.10 996 000 24 999 600 0.4287 REMAK 16.20 1 521 000 24 640 200 0.4188 FAM 1.47 16 522 000 24 287 340 0.4189 MWTRADE 9.80 2 476 000 24 264 800 0.4190 NOKAUT 6.59 3 676 000 24 224 840 0.4191 HYGIENIKA 1.26 18 704 000 23 567 040 0.4092 SONEL 4.91 4 794 000 23 538 540 0.4093 EUROTEL 17.30 1 304 000 22 559 200 0.3894 NOVITA 22.60 975 000 22 035 000 0.3795 MCLOGIC 32.00 681 000 21 792 000 0.3796 MOSTALPLC 21.00 1 027 000 21 567 000 0.3697 PROCHNIK 0.24 89 131 000 21 391 440 0.3698 INVESTCON 0.97 21 742 000 21 089 740 0.3699 TESGAS 3.32 6 164 000 20 464 480 0.34100 PRAGMAINK 19.17 1 032 000 19 783 440 0.33101 CAPITAL 1.37 14 369 000 19 685 530 0.33102 BOWIM 4.23 4 647 000 19 656 810 0.33103 SUWARY 17.79 1 101 000 19 586 790 0.33104 MIT 0.34 55 718 000 18 944 120 0.32105 KREC 3.40 5 463 000 18 574 200 0.31106 MONNARI 1.15 15 990 000 18 388 500 0.31107 EUCO 10.14 1 797 000 18 221 580 0.31108 PAMAPOL 2.74 6 642 000 18 199 080 0.31109 GINOROSSI 0.98 18 513 000 18 142 740 0.31110 MOBRUK 50.00 356 000 17 800 000 0.30111 BAKALLAND 2.69 6 520 000 17 538 800 0.30112 IVMX 4.95 3 516 000 17 404 200 0.29113 JUPITER 0.66 25 789 000 17 020 740 0.29114 WIKANA 0.40 42 545 000 17 018 000 0.29115 ODLEWNIE 1.96 8 487 000 16 634 520 0.28116 PBSFINANSE 0.42 37 363 000 15 692 460 0.26117 ATREM 3.90 3 999 000 15 596 100 0.26118 VANTAGE 1.31 11 762 000 15 408 220 0.26119 TRANSPOL 5.78 2 631 000 15 207 180 0.26120 CHEMOS 0.19 79 123 000 15 033 370 0.25101


Fact Book 2013The WIG-Plus index portfolio (end of 2012) (contd.)No. Shares Price of shares Number of shares in Market valueShareportfolioin WIG-Plus(PLN) (PLN) (%)121 TRITON 1.13 13 190 000 14 904 700 0.25122 BBICAPNFI 0.71 20 702 000 14 698 420 0.25123 SIMPLE 7.23 2 031 000 14 684 130 0.25124 INTERFERI 5.22 2 770 000 14 459 400 0.24125 TUP 1.93 7 353 000 14 191 290 0.24126 DUON 0.69 19 945 000 13 762 050 0.23127 SWISSMED 0.57 24 092 000 13 732 440 0.23128 NTTSYSTEM 0.72 18 924 000 13 625 280 0.23129 KOMPUTRON 5.37 2 525 000 13 559 250 0.23130 MOSTALEXP 0.35 38 634 000 13 521 900 0.23131 MAKRUM 1.03 12 926 000 13 313 780 0.22132 BIPROMET 6.30 2 108 000 13 280 400 0.22133 YAWAL 5.35 2 483 000 13 284 050 0.22134 CAMMEDIA 3.02 4 285 000 12 940 700 0.22135 BYTOM 0.25 51 250 000 12 812 500 0.22136 VOTUM 4.64 2 756 000 12 787 840 0.22137 BBIZENNFI 0.18 70 130 000 12 623 400 0.21138 FOTA 4.20 2 914 000 12 238 800 0.21139 06MAGNA 0.23 52 420 000 12 056 600 0.20140 RAFAMET 17.66 667 000 11 779 220 0.20141 BMPAG 2.46 4 757 000 11 702 220 0.20142 PATENTUS 1.91 6 055 000 11 565 050 0.19143 SFINKS 0.94 11 981 000 11 262 140 0.19144 REDAN 0.85 12 957 000 11 013 450 0.19145 DROZAPOL 0.77 14 176 000 10 915 520 0.18146 VINDEXUS 2.99 3 589 000 10 731 110 0.18147 CCENERGY 0.20 53 299 000 10 659 800 0.18148 EDINVEST 4.00 2 593 000 10 372 000 0.17149 POLNA 13.09 791 000 10 354 190 0.17150 RUBICON 0.20 51 491 000 10 298 200 0.17151 MAKARONPL 2.15 4 707 000 10 120 050 0.17152 MIRACULUM 0.11 89 325 000 9 825 750 0.17153 KOMPAP 5.97 1 595 000 9 522 150 0.16154 JHMDEV 0.32 28 133 000 9 002 560 0.15155 PRAGMAFA 16.35 528 000 8 632 800 0.15156 WOJAS 4.10 2 047 000 8 392 700 0.14157 ATLANTAPL 3.15 2 618 000 8 246 700 0.14158 WESTAISIC 0.74 11 033 000 8 164 420 0.14159 DROP 9.00 868 000 7 812 000 0.13160 WADEX 10.78 711 000 7 664 580 0.13102


WSE Main ListThe WIG-Plus index portfolio (end of 2012) (contd.)No. Shares Price of shares Number of shares in Market valueShareportfolioin WIG-Plus(PLN) (PLN) (%)161 INTERSPPL 2.95 2 590 000 7 640 500 0.13162 DMWDM 0.24 31 511 000 7 562 640 0.13163 IDEATFI 1.47 5 062 000 7 441 140 0.13164 AWBUD 0.62 11 931 000 7 397 220 0.12165 HYPERION 2.09 3 290 000 6 876 100 0.12166 INTERBUD 2.86 2 341 000 6 695 260 0.11167 ENERGOPLD 0.26 24 950 000 6 487 000 0.11168 KBDOM 0.17 35 951 000 6 111 670 0.10169 HELIO 5.21 1 143 000 5 955 030 0.10170 TERESA 13.22 448 000 5 922 560 0.10171 FASTFIN 0.38 14 968 000 5 687 840 0.10172 ELKOP 0.13 36 733 000 4 775 290 0.08173 KPPD 24.31 189 000 4 594 590 0.08174 COMPLEX 0.88 4 084 000 3 593 920 0.06175 MEXPOLSKA 2.35 1 492 000 3 506 200 0.06176 AGROWILL 0.60 5 738 000 3 442 800 0.06177 BUDVARCEN 1.69 2 050 000 3 464 500 0.06103


Fact Book 2013WIGdivWIGdiv is the first index of dividend-payingcompanies from the Main List. In order tobecome a constituent of this index, companiesmust belong to either WIG20, mWIG40or sWIG80, have the highest dividend yieldin the last accounting year and regularly paiddividends in the last five years. WIGdiv hasbeen calculated since 4 January 2012 andits base value was defined on 31 December2010 as 1,000 points. The index comprisesshares of 30 companies and is publishedfrom the start until the close of session atone-minute intervals.last session in August and they are orderedby the dividend yield. The index comprisescompanies with the highest dividend yieldwhich paid dividends at least three timesduring the last five years. The weights of indexconstituents are updated after the lastsession of February, May, August and November.Company shares in this index aredetermined on the basis of the number ofshares in free float. As an additional requirement,one company may have no more thana 10% share in this index. The new WIGdivportfolio comes into force after the thirdFriday of March, June, September and December.WIGdiv is a total return index, which meansthat income from dividends and pre-emptiverights is also taken into account for itscalculation.Changes to the composition of this indexare made four times a year. An inventoryof all listed companies is compiled after theThe WIGdiv index in 20121 1001 106.1727 Dec1 000900800882.2325 May700JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember104


WSE Main ListThe WIGdiv index portfolio (end of 2012)No. Shares Price of shares Number of shares in Market value Share in WIGdivportfolio(PLN) (PLN) (%)1 PZU 437.00 15 609 000 6 821 133 000 10.582 KGHM 190.00 34 477 000 6 550 630 000 10.163 PEKAO 167.50 39 068 000 6 543 890 000 10.154 PKOBP 36.90 177 044 000 6 532 923 600 10.135 TPSA 12.23 522 131 000 6 385 662 130 9.906 PGE 18.21 335 940 000 6 117 467 400 9.497 BOGDANKA 136.00 33 979 000 4 621 144 000 7.178 JSW 92.40 37 704 000 3 483 849 600 5.409 HANDLOWY 98.30 32 665 000 3 210 969 500 4.9810 ASSECOPOL 45.35 69 483 000 3 151 054 050 4.8911 ENEA 15.73 131 913 000 2 074 991 490 3.2212 KETY 144.90 9 226 000 1 336 847 400 2.0713 GPW 38.87 27 123 000 1 054 271 010 1.6414 PULAWY 137.50 6 474 000 890 175 000 1.3815 EMPERIA 57.95 15 115 000 875 914 250 1.3616 BUDIMEX 70.00 10 452 000 731 640 000 1.1317 KOGENERA 86.50 7 450 000 644 425 000 1.0018 ELBUDOWA 106.50 4 748 000 505 662 000 0.7819 AGORA 10.38 45 245 000 469 643 100 0.7320 SANOK 18.15 23 601 000 428 358 150 0.6621 ZELMER 39.28 7 807 000 306 658 960 0.4822 ASSECOSLO 19.51 12 800 000 249 728 000 0.3923 DOMDEV 34.19 6 694 000 228 867 860 0.3624 IPOPEMA 8.89 23 533 000 209 208 370 0.3225 SNIEZKA 39.39 5 026 000 197 974 140 0.3126 ASSECOBS 10.75 17 890 000 192 317 500 0.3027 BENEFIT 230.00 802 000 184 460 000 0.2928 ACTION 22.40 7 557 000 169 276 800 0.2629 FORTE 12.90 12 724 000 164 139 600 0.2630 RADPOL 8.00 19 627 000 157 016 000 0.24105


Fact Book 2013The WIG IndexCalculated since the first ever WSE sessionon 16 April 1991, the WIG is the oldest ofall WSE indices. Its portfolio covers all listedcompanies except those whose free float isunder 10% and EUR 1 million and those ina special situation (as defined in the WSERules).The base value of the WIG is 1,000 points.Its values are calculated on the basis ofshare prices for all constituent companies.This index is published from the start untilthe close of session at one-minute intervals.calculation. Changes to the composition ofthe WIG are made four times a year. An inventoryof all listed companies is compiledafter the last session in February, May, Augustand November. The inventory does notcover companies which fail to meet essentialparticipation requirements. Companyshares in this index are determined on thebasis of the number of shares in free float.As an additional requirement, one companymay have no more than a 10% share inthis index, whereas the share of one sectormay not exceed 30%. The new WIG portfoliocomes into force after the third Friday ofMarch, June, September and December.The WIG is a total return index, which meansthat income from dividends and pre-emptiverights is also taken into account for itsThe WIG index in 201250 00045 00047 920.7519 Dec40 00035 00036 653.285 Jun30 000JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember106


WSE Main ListThe WIG index portfolio (end of 2012)No. Shares Price of Number of shares in Market value Share in WIGsharesportfolio(PLN) (PLN) (%)1 KGHM 190.00 129 976 000 24 695 440 000 10.002 PKOBP 36.90 667 437 000 24 628 425 300 9.973 PZU 437.00 55 967 000 24 457 579 000 9.904 PEKAO 167.50 106 988 000 17 920 490 000 7.255 PKNORLEN 49.50 309 999 000 15 344 950 500 6.216 PGE 18.21 712 636 000 12 977 101 560 5.257 PGNIG 5.21 1 628 148 000 8 482 651 080 3.438 TPSA 12.23 647 357 000 7 917 176 110 3.209 TAURONPE 4.75 1 043 555 000 4 956 886 250 2.0110 BOGDANKA 136.00 33 979 000 4 621 144 000 1.8711 LPP 4550.00 930 000 4 231 500 000 1.7112 BRE 326.00 12 786 000 4 168 236 000 1.6913 JSW 92.40 37 704 000 3 483 849 600 1.4114 EUROCASH 43.70 77 270 000 3 376 699 000 1.3715 KERNEL 66.75 49 223 000 3 285 635 250 1.3316 HANDLOWY 98.30 32 665 000 3 210 969 500 1.3017 ASSECOPOL 45.35 69 483 000 3 151 054 050 1.2818 INGBSK 91.00 32 525 000 2 959 775 000 1.2019 CYFRPLSAT 16.41 168 807 000 2 770 122 870 1.1220 SYNTHOS 5.41 496 691 000 2 687 098 310 1.0921 LOTOS 41.20 60 797 000 2 504 836 400 1.0122 GTC 9.90 230 737 000 2 284 296 300 0.9323 GETINOBLE 1.79 1 191 982 000 2 133 647 780 0.8624 ENEA 15.73 131 913 000 2 074 991 490 0.8425 KRKA 220.00 8 817 000 1 939 740 000 0.7926 AZOTYTARNOW 53.90 35 085 000 1 891 081 500 0.7727 MILLENNIUM 4.42 418 366 000 1 849 177 720 0.7528 ALIOR 62.65 28 332 000 1 774 999 800 0.7229 NETIA 4.28 371 388 000 1 589 540 640 0.6430 TVN 9.92 158 105 000 1 568 401 600 0.6431 CCC 73.00 20 030 000 1 462 190 000 0.5932 AMREST 96.20 14 216 000 1 367 579 200 0.5533 KETY 144.90 9 226 000 1 336 847 400 0.5434 NEWWORLDR 15.80 77 842 000 1 229 903 600 0.5035 ECHO 5.05 233 735 000 1 180 361 750 0.4836 GPW 38.87 27 123 000 1 054 271 010 0.4337 GETIN 2.82 324 766 000 915 840 120 0.3738 CEZ 110.00 8 163 000 897 930 000 0.3639 KREDYTB 16.50 54 332 000 896 478 000 0.3640 PULAWY 137.50 6 474 000 890 175 000 0.3641 EMPERIA 57.95 15 115 000 875 914 250 0.3642 APATOR 32.63 25 333 000 826 615 790 0.34107


Fact Book 2013The WIG index portfolio (end of 2012) (contd.)No. Shares Price of Number of shares in Market value Share in WIGsharesportfolio(PLN) (PLN) (%)10843 ORBIS 38.00 21 801 000 828 438 000 0.3444 MOL 249.40 3 099 000 772 890 600 0.3145 ZEPAK 28.45 25 825 000 734 721 250 0.3046 BUDIMEX 70.00 10 452 000 731 640 000 0.3047 CIECH 22.20 32 292 000 716 882 400 0.2948 INTERCARS 86.00 8 253 000 709 758 000 0.2949 KOGENERA 86.50 7 450 000 644 425 000 0.2650 CCIINT 26.00 23 610 000 613 860 000 0.2551 BORYSZEW 0.62 969 028 000 600 797 360 0.2452 WAWEL 798.00 718 000 572 964 000 0.2353 INTEGERPL 184.50 3 021 000 557 374 500 0.2354 KOPEX 17.70 30 713 000 543 620 100 0.2255 FAMUR 4.77 110 906 000 529 021 620 0.2156 BIOTON 0.10 5 216 479 000 521 647 900 0.2157 ASTARTA 55.00 9 256 000 509 080 000 0.2158 ELBUDOWA 106.50 4 748 000 505 662 000 0.2159 MENNICA 22.66 22 376 000 507 040 160 0.2160 AGORA 10.38 45 245 000 469 643 100 0.1961 KRUK 44.06 10 078 000 444 036 680 0.1862 SANOK 18.15 23 601 000 428 358 150 0.1763 NFIEMF 16.65 24 946 000 415 350 900 0.1764 BANKBPH 48.89 8 318 000 406 667 020 0.1765 FARMACOL 32.59 11 602 000 378 109 180 0.1566 KOFOLA 27.50 13 089 000 359 947 500 0.1567 OPENFIN 14.00 24 750 000 346 500 000 0.1468 CDPROJEKT 6.20 55 376 000 343 331 200 0.1469 IMPEXMET 3.50 98 000 000 343 000 000 0.1470 COMARCH 73.50 4 586 000 337 071 000 0.1471 STALPROD 184.00 1 796 000 330 464 000 0.1372 MIDAS 0.65 503 124 000 327 030 600 0.1373 POLIMEXMS 0.62 521 117 000 323 092 540 0.1374 ZELMER 39.28 7 807 000 306 658 960 0.1275 CORMAY 12.93 23 135 000 299 135 550 0.1276 BOS 30.00 9 921 000 297 630 000 0.1277 PELION 30.50 9 591 000 292 525 500 0.1278 DEBICA 61.00 4 686 000 285 846 000 0.1279 KOV 1.31 214 321 000 280 760 510 0.1180 COMP 59.40 4 386 000 260 528 400 0.1181 PEP 28.70 9 002 000 258 357 400 0.1182 LCCORP 1.17 218 432 000 255 565 440 0.1083 ASSECOSLO 19.51 12 800 000 249 728 000 0.1084 ATM 10.39 24 013 000 249 495 070 0.10


WSE Main ListThe WIG index portfolio (end of 2012) (contd.)No. Shares Price of Number of shares in Market value Share in WIGsharesportfolio(PLN) (PLN) (%)85 AMICA 54.65 4 443 000 242 809 950 0.1086 ABPL 19.44 11 927 000 231 860 880 0.0987 DOMDEV 34.19 6 694 000 228 867 860 0.0988 RAFAKO 8.39 27 404 000 229 919 560 0.0989 GRAJEWO 13.15 17 316 000 227 705 400 0.0990 HAWE 3.80 58 937 000 223 960 600 0.0991 KREZUS 18.40 12 080 000 222 272 000 0.0992 MCI 6.37 34 271 000 218 306 270 0.0993 UNICREDIT 15.69 13 516 000 212 066 040 0.0994 IPOPEMA 8.89 23 533 000 209 208 370 0.0995 SNIEZKA 39.39 5 026 000 197 974 140 0.0896 ASSECOBS 10.75 17 890 000 192 317 500 0.0897 NEUCA 95.50 1 968 000 187 944 000 0.0898 BENEFIT 230.00 802 000 184 460 000 0.0899 POLNORD 10.40 17 673 000 183 799 200 0.07100 ALCHEMIA 5.00 36 207 000 181 035 000 0.07101 PEGAS 77.00 2 354 000 181 258 000 0.07102 ROVESE 1.42 123 345 000 175 149 900 0.07103 ACTION 22.40 7 557 000 169 276 800 0.07104 SYGNITY 14.45 11 809 000 170 640 050 0.07105 POLICE 12.39 13 586 000 168 330 540 0.07106 FORTE 12.90 12 724 000 164 139 600 0.07107 IMCOMPANY 16.35 9 809 000 160 377 150 0.07108 LENTEX 4.90 32 945 000 161 430 500 0.07109 PETROLINV 1.40 113 902 000 159 462 800 0.07110 PLAZACNTR 1.41 111 384 000 157 051 440 0.06111 RADPOL 8.00 19 627 000 157 016 000 0.06112 BBIDEVNFI 0.38 407 046 000 154 677 480 0.06113 ASSECOSEE 9.20 16 750 000 154 100 000 0.06114 CITYINTER 24.34 6 303 000 153 415 020 0.06115 WIELTON 4.25 36 150 000 153 637 500 0.06116 MERCOR 14.80 9 922 000 146 845 600 0.06117 ZETKAMA 41.38 3 289 000 136 098 820 0.06118 OVOSTAR 89.00 1 500 000 133 500 000 0.05119 IMPEL 30.74 4 266 000 131 136 840 0.05120 SECOGROUP 35.21 3 726 000 131 192 460 0.05121 ZPUE 247.90 522 000 129 403 800 0.05122 COLIAN 2.18 57 722 000 125 833 960 0.05123 MOSTALWAR 12.55 9 981 000 125 261 550 0.05124 STALPROFI 16.76 7 536 000 126 303 360 0.05125 MILKILAND 14.50 8 426 000 122 177 000 0.05126 KOELNER 8.80 13 457 000 118 421 600 0.05109


Fact Book 2013The WIG index portfolio (end of 2012) (contd.)No. Shares Price of Number of shares in Market value Share in WIGsharesportfolio(PLN) (PLN) (%)127 PTI 15.95 7 408 000 118 157 600 0.05128 RANKPROGR 11.02 10 843 000 119 489 860 0.05129 STALEXP 1.40 84 947 000 118 925 800 0.05130 AVIASG 60.00 1 884 000 113 040 000 0.05131 CALATRAVA 0.38 300 302 000 114 114 760 0.05132 KREDYTIN 12.80 8 973 000 114 854 400 0.05133 ALMA 27.00 3 993 000 107 811 000 0.04134 VISTULA 1.08 100 261 000 108 281 880 0.04135 ACE 5.70 18 800 000 107 160 000 0.04136 COALENERG 9.53 11 253 000 107 241 090 0.04137 INSTALKRK 17.15 6 190 000 106 158 500 0.04138 INTERAOLT 26.64 4 000 000 106 560 000 0.04139 PANOVA 19.00 5 552 000 105 488 000 0.04140 EKOEXPORT 14.85 7 035 000 104 469 750 0.04141 ORZBIALY 15.77 6 534 000 103 041 180 0.04142 ARMATURA 1.22 80 619 000 98 355 180 0.04143 CEDC 6.20 15 930 000 98 766 000 0.04144 FORTUNA 13.50 7 315 000 98 752 500 0.04145 WORKSERV 5.65 17 709 000 100 055 850 0.04146 IZOSTAL 7.50 13 005 000 97 537 500 0.04147 QUMAKSEK 9.31 10 375 000 96 591 250 0.04148 SKOTAN 4.08 23 372 000 95 357 760 0.04149 FERRO 6.20 15 080 000 93 496 000 0.04150 MAGELLAN 42.50 2 102 000 89 335 000 0.04151 SILVANO 12.00 7 336 000 88 032 000 0.04152 EMCINSMED 15.95 5 369 000 85 635 550 0.04153 NOVAKBM 4.97 17 211 000 85 538 670 0.04154 MOSTALZAB 1.14 72 870 000 83 071 800 0.03155 ARCTIC 5.86 13 962 000 81 817 320 0.03156 JWCONSTR 4.04 20 091 000 81 167 640 0.03157 QUERCUS 2.46 33 631 000 82 732 260 0.03158 VOXEL 18.10 4 559 000 82 517 900 0.03159 AMBRA 8.09 9 800 000 79 282 000 0.03160 APLISENS 14.49 5 224 000 75 695 760 0.03161 ASBIS 2.88 26 624 000 76 677 120 0.03162 DUDA 0.39 199 109 000 77 652 510 0.03163 PAGED 15.14 5 128 000 77 637 920 0.03164 ABCDATA 2.08 35 321 000 73 467 680 0.03165 ENERGOINS 14.50 5 064 000 73 428 000 0.03166 TIM 5.22 14 277 000 74 525 940 0.03167 NOWAGALA 1.96 36 521 000 71 581 160 0.03168 ERBUD 13.95 4 903 000 68 396 850 0.03110


WSE Main ListThe WIG index portfolio (end of 2012) (contd.)No. Shares Price of Number of shares in Market value Share in WIGsharesportfolio(PLN) (PLN) (%)169 KRUSZWICA 28.40 2 418 000 68 671 200 0.03170 ZAMET 2.65 26 306 000 69 710 900 0.03171 AGROTON 10.00 6 610 000 66 100 000 0.03172 MNI 1.47 44 666 000 65 659 020 0.03173 OTMUCHOW 10.70 6 257 000 66 949 900 0.03174 SOLAR 5.60 12 010 000 67 256 000 0.03175 ADVGRUPA 13.12 4 933 000 64 720 960 0.03176 BARLINEK 0.90 72 086 000 64 877 400 0.03177 GANT 3.90 16 771 000 65 406 900 0.03178 TRAKCJA 0.59 108 205 000 63 840 950 0.03179 UNIBEP 5.05 12 792 000 64 599 600 0.03180 MIESZKO 4.36 13 935 000 60 756 600 0.03181 PEKAES 5.50 11 289 000 62 089 500 0.03182 POZBUD 3.40 18 500 000 62 900 000 0.03183 ELEKTROTI 8.60 7 027 000 60 432 200 0.02184 FERRUM 7.45 8 083 000 60 218 350 0.02185 GRAAL 14.95 3 975 000 59 426 250 0.02186 KINOPOL 13.55 4 441 000 60 175 550 0.02187 KSGAGRO 11.60 5 126 000 59 461 600 0.02188 ROBYG 1.43 42 050 000 60 131 500 0.02189 ACAUTOGAZ 24.50 2 343 000 57 403 500 0.02190 ULMA 43.85 1 288 000 56 478 800 0.02191 ERGIS 3.34 16 213 000 54 151 420 0.02192 HYDROTOR 26.94 2 027 000 54 607 380 0.02193 KONSSTALI 24.85 2 139 000 53 154 150 0.02194 OPONEO.PL 7.00 7 841 000 54 887 000 0.02195 PEPEES 0.89 60 343 000 53 705 270 0.02196 BSCDRUK 17.20 3 032 000 52 150 400 0.02197 ENERGOPOL 8.44 6 207 000 52 387 080 0.02198 LUBAWA 0.70 74 528 000 52 169 600 0.02199 MIRBUD 1.23 42 899 000 52 765 770 0.02200 COGNOR 2.18 22 531 000 49 117 580 0.02201 PGODLEW 1.85 26 306 000 48 666 100 0.02202 PROTEKTOR 4.04 11 981 000 48 403 240 0.02203 DECORA 8.50 5 572 000 47 362 000 0.02204 IDEON 0.16 293 319 000 46 931 040 0.02205 IDMSA 0.21 218 177 000 45 817 170 0.02206 PLASTBOX 2.45 19 117 000 46 836 650 0.02207 PROJPRZEM 8.80 5 471 000 48 144 800 0.02208 RELPOL 8.06 5 829 000 46 981 740 0.02209 BERLING 6.60 6 730 000 44 418 000 0.02210 BLACKLION 0.76 58 068 000 44 131 680 0.02111


Fact Book 2013The WIG index portfolio (end of 2012) (contd.)No. Shares Price of Number of shares in Market value Share in WIGsharesportfolio(PLN) (PLN) (%)211 HARPER 1.73 25 500 000 44 115 000 0.02212 LIBET 1.98 22 915 000 45 371 700 0.02213 RONSON 0.81 55 662 000 45 086 220 0.02214 WARIMPEX 3.90 11 260 000 43 914 000 0.02215 WASKO 2.51 17 393 000 43 656 430 0.02216 INDYKPOL 35.70 1 166 000 41 626 200 0.02217 PCGUARD 1.91 22 237 000 42 472 670 0.02218 PROCHEM 16.14 2 550 000 41 157 000 0.02219 SELENAFM 7.94 5 246 000 41 653 240 0.02220 ARTERIA 13.43 3 020 000 40 558 600 0.02221 HERKULES 1.28 30 390 000 38 899 200 0.02222 TOYA 2.40 16 402 000 39 364 800 0.02223 ZASTAL 1.88 20 435 000 38 417 800 0.02224 ZUE 6.54 6 000 000 39 240 000 0.02225 ATMGRUPA 1.02 36 777 000 37 512 540 0.02226 ENELMED 4.10 9 319 000 38 207 900 0.02227 ESSYSTEM 2.50 13 646 000 34 115 000 0.01228 HYGIENIKA 1.26 26 524 000 33 420 240 0.01229 FASING 26.67 1 239 000 33 044 130 0.01230 GINOROSSI 0.98 31 878 000 31 240 440 0.01231 GROCLIN 12.66 2 550 000 32 283 000 0.01232 INPRO 3.23 10 010 000 32 332 300 0.01233 KANIA 1.80 18 504 000 33 307 200 0.01234 ROPCZYCE 17.20 1 845 000 31 734 000 0.01235 4FUNMEDIA 20.20 1 444 000 29 168 800 0.01236 ATMSI 1.23 24 471 000 30 099 330 0.01237 HUTMEN 3.29 8 900 000 29 281 000 0.01238 LENA 3.00 10 150 000 30 450 000 0.01239 NETMEDIA 4.30 6 815 000 29 304 500 0.01240 SOBIESKI 154.00 187 000 28 798 000 0.01241 STAPORKOW 20.47 1 471 000 30 111 370 0.01242 TELL 10.00 3 085 000 30 850 000 0.01243 BUMECH 6.19 4 192 000 25 948 480 0.01244 INTROL 4.45 5 970 000 26 566 500 0.01245 KRAKCHEM 5.90 4 685 000 27 641 500 0.01246 PCCINTER 1.45 18 757 000 27 197 650 0.01247 PRESCO 7.28 3 686 000 26 834 080 0.01248 CELTIC 4.51 5 444 000 24 552 440 0.01249 FAM 1.47 16 542 000 24 316 740 0.01250 K2INTERNT 16.99 1 493 000 25 366 070 0.01251 KDMSHIPNG 25.10 996 000 24 999 600 0.01252 MWTRADE 9.80 2 476 000 24 264 800 0.01112


WSE Main ListThe WIG index portfolio (end of 2012) (contd.)No. Shares Price of Number of shares in Market value Share in WIGsharesportfolio(PLN) (PLN) (%)253 NOKAUT 6.59 3 676 000 24 224 840 0.01254 RAINBOW 4.13 6 236 000 25 754 680 0.01255 REMAK 16.20 1 521 000 24 640 200 0.01256 SONEL 4.91 4 794 000 23 538 540 0.01257 URSUS 3.46 7 319 000 25 323 740 0.01258 EUROTEL 17.30 1 304 000 22 559 200 0.01259 INVESTCON 0.97 21 742 000 21 089 740 0.01260 MCLOGIC 32.00 681 000 21 792 000 0.01261 MOSTALPLC 21.00 1 027 000 21 567 000 0.01262 NOVITA 22.60 975 000 22 035 000 0.01263 PROCHNIK 0.24 89 100 000 21 384 000 0.01264 SADOVAYA 2.07 10 771 000 22 295 970 0.01265 BOWIM 4.23 4 647 000 19 656 810 0.01266 CAPITAL 1.37 14 369 000 19 685 530 0.01267 EFH 0.18 103 138 000 18 564 840 0.01268 KREC 3.40 5 463 000 18 574 200 0.01269 MIT 0.34 55 718 000 18 944 120 0.01270 PRAGMAINK 19.17 1 032 000 19 783 440 0.01271 TESGAS 3.32 6 164 000 20 464 480 0.01272 ATLANTIS 0.13 128 520 000 16 707 600 0.01273 BAKALLAND 2.69 6 520 000 17 538 800 0.01274 EUCO 10.14 1 797 000 18 221 580 0.01275 IVMX 4.95 3 511 000 17 379 450 0.01276 JUPITER 0.66 25 789 000 17 020 740 0.01277 MOBRUK 50.00 356 000 17 800 000 0.01278 MONNARI 1.15 15 990 000 18 388 500 0.01279 ODLEWNIE 1.96 8 487 000 16 634 520 0.01280 PAMAPOL 2.74 6 642 000 18 199 080 0.01281 SUWARY 17.79 958 000 17 042 820 0.01282 TATRY 183.00 96 000 17 568 000 0.01283 WIKANA 0.40 42 545 000 17 018 000 0.01284 08OCTAVA 0.71 22 310 000 15 840 100 0.01285 ATREM 3.90 3 999 000 15 596 100 0.01286 BBICAPNFI 0.71 20 702 000 14 698 420 0.01287 CHEMOS 0.19 78 323 000 14 881 370 0.01288 DUON 0.69 19 945 000 13 762 050 0.01289 INTERFERI 5.22 2 770 000 14 459 400 0.01290 MOSTALEXP 0.35 39 757 000 13 914 950 0.01291 NTTSYSTEM 0.72 18 924 000 13 625 280 0.01292 PBSFINANSE 0.42 37 363 000 15 692 460 0.01293 SIMPLE 7.23 2 031 000 14 684 130 0.01294 SWISSMED 0.57 24 092 000 13 732 440 0.01113


Fact Book 2013The WIG index portfolio (end of 2012) (contd.)No. Shares Price of Number of shares in Market value Share in WIGsharesportfolio(PLN) (PLN) (%)295 TRANSPOL 5.78 2 631 000 15 207 180 0.01296 TRITON 1.13 13 190 000 14 904 700 0.01297 TUP 1.93 7 353 000 14 191 290 0.01298 VANTAGE 1.31 11 762 000 15 408 220 0.01299 06MAGNA 0.23 52 420 000 12 056 600 0.01300 BBIZENNFI 0.18 70 130 000 12 623 400 0.01301 BIPROMET 6.30 2 108 000 13 280 400 0.01302 BMPAG 2.46 4 693 000 11 544 780 0.01303 BYTOM 0.25 51 250 000 12 812 500 0.01304 CAMMEDIA 3.02 4 285 000 12 940 700 0.01305 FON 0.10 114 241 000 11 424 100 0.01306 FOTA 4.20 2 909 000 12 217 800 0.01307 KOMPUTRON 5.37 2 525 000 13 559 250 0.01308 MAKRUM 1.03 12 926 000 13 313 780 0.01309 PATENTUS 1.91 6 055 000 11 565 050 0.01310 RAFAMET 17.66 667 000 11 779 220 0.01311 SFINKS 0.94 11 981 000 11 262 140 0.01312 VOTUM 4.64 2 756 000 12 787 840 0.01313 YAWAL 5.35 2 483 000 13 284 050 0.01314 CCENERGY 0.20 53 299 000 10 659 800 0.00315 DROZAPOL 0.77 14 176 000 10 915 520 0.00316 EDINVEST 4.00 2 593 000 10 372 000 0.00317 IFCAPITAL 0.36 29 348 000 10 565 280 0.00318 JHMDEV 0.32 28 133 000 9 002 560 0.00319 KOMPAP 5.97 1 497 000 8 937 090 0.00320 MAKARONPL 2.15 4 707 000 10 120 050 0.00321 MIRACULUM 0.11 89 325 000 9 825 750 0.00322 POLNA 13.09 791 000 10 354 190 0.00323 REDAN 0.85 12 957 000 11 013 450 0.00324 RUBICON 0.20 51 491 000 10 298 200 0.00325 VINDEXUS 2.99 3 589 000 10 731 110 0.00326 ATLANTAPL 3.15 2 618 000 8 246 700 0.00327 AWBUD 0.62 11 931 000 7 397 220 0.00328 DMWDM 0.24 31 511 000 7 562 640 0.00329 DROP 9.00 868 000 7 812 000 0.00330 ENERGOPLD 0.26 24 950 000 6 487 000 0.00331 ESTAR 85.10 87 000 7 403 700 0.00332 EXILLON 7.94 935 000 7 423 900 0.00333 HYPERION 2.09 3 290 000 6 876 100 0.00334 IDEATFI 1.47 5 062 000 7 441 140 0.00335 INTERBUD 2.86 2 341 000 6 695 260 0.00336 INTERSPPL 2.95 2 590 000 7 640 500 0.00114


Fact Book 2013RESPECTIndexRESPECTIndex is the first index of sociallyresponsible companies on the Main List. Inorder to become a constituent of this index,companies must belong to either WIG20,mWIG40 or sWIG80, and conscientiouslycomply with mandatory disclosures, ensurethe highest quality of relations with stakeholdersand obtain the highest score in thequestionnaire concerning socially responsiblebusiness.RESPECTIndex has been calculated since 19November 2009 and its base value was definedon 31 December 2008 as 1,000 points.The values of this index are calculated for avariable number of companies. This indexis published from the start until the close ofsession at one-minute intervals.RESPECTIndex is a total return index, whichmeans that income from dividends and preemptiverights is also taken into account forits calculation.Changes to the composition of this indexWIG are made twice a year. An inventoryof index constituents is compiled after thelast sessions of January and July. Companyshares in the index are determined on the basisof free float. Additionally, one companymay have no more than a 25% share in thisindex if the number of constituents is under20, or 10% in all other cases. The new portfolioscome into force on the first session ofFebruary and August.The RESPECTIndex in 20122 7002 5002 635.719 Dec2 3002 1001 9001 987.15 JunJanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember116


WSE Main ListThe RESPECTIndex portfolio (end of 2012)No. Shares Price of shares Number of shares in Market value Share inportfolioRESPECTIndex(PLN) (PLN) (%)1 PKNORLEN 49.50 157 869 000 7 814 515 500 11.582 KGHM 190.00 40 730 000 7 738 700 000 11.473 PZU 437.00 17 682 000 7 727 034 000 11.454 PGNIG 5.21 1 423 109 000 7 414 397 890 10.995 PGE 18.21 303 801 000 5 532 216 210 8.206 TPSA 12.23 379 313 000 4 638 997 990 6.877 BOGDANKA 136.00 33 979 000 4 621 144 000 6.858 JSW 92.40 37 704 000 3 483 849 600 5.169 HANDLOWY 98.30 32 665 000 3 210 969 500 4.7610 INGBSK 91.00 32 525 000 2 959 775 000 4.3911 LOTOS 41.20 60 797 000 2 504 836 400 3.7112 AZOTYTARNOW 53.90 43 566 000 2 348 207 400 3.4813 MILLENNIUM 4.42 418 366 000 1 849 177 720 2.7414 NETIA 4.28 381 972 000 1 634 840 160 2.4215 KREDYTB 16.50 54 332 000 896 478 000 1.3316 APATOR 32.63 25 577 000 834 577 510 1.2417 BUDIMEX 70.00 10 452 000 731 640 000 1.0818 KOGENERA 86.50 7 450 000 644 425 000 0.9619 ELBUDOWA 106.50 4 748 000 505 662 000 0.7520 BANKBPH 48.89 8 318 000 406 667 020 0.60117


Fact Book 2013The WIG-PolandIndexThe WIG-Poland index (formerly WIG-PL)covers all listed Polish companies exceptthose with a free float value under 10% andEUR 1 million, and those which are in a specialsituation (as defined in the WSE Rules).This means that the calculation methodologyapplied to WIG-Poland is in line withthat of the WIG.WIG-Poland has been calculated since 22December 2003 whereas since 16 April 1991(base date) the values of the WIG-Polandhave been equal to those of the WIG.WIG-Poland values are published threetimes during a trading session, i.e.: after the first auction, after the second auction, after the close of session.The WIG-Poland is a total return index,which means that income from dividendsand pre-emptive rights is also taken into accountfor its calculation.Changes to the WIG-Poland compositionare made four times a year. An inventoryof all listed companies is compiled after thelast session in February, May, August andNovember. The inventory does not covercompanies which fail to meet essential participationrequirements. Company sharesin this index are determined on the basisof the number of shares in free float. As anadditional requirement, one company mayhave no more than a 10% share in this index,whereas the share of one sector maynot exceed 30%. The new WIG-Poland portfoliocomes into force after the third Fridayof March, June, September and December.The WIG-Poland index in 201250 00048 093,2219 Dec45 00040 00035 00036 478.365 Jun30 000JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember118


WSE Main ListThe WIG-Poland portfolio (end of 2012)No. Shares Price of Number of shares in Market value Share insharesportfolioWIG-Poland(PLN) (PLN) (%)1 PZU 437.00 54 984 000 24 028 008 000 10.382 KGHM 190.00 121 446 000 23 074 740 000 9.973 PKOBP 36.90 623 633 000 23 012 057 700 9.944 PEKAO 167.50 106 988 000 17 920 490 000 7.745 PKNORLEN 49.50 309 999 000 15 344 950 500 6.636 PGE 18.21 712 636 000 12 977 101 560 5.617 PGNIG 5.21 1 628 148 000 8 482 651 080 3.678 TPSA 12.23 647 357 000 7 917 176 110 3.429 TAURONPE 4.75 1 043 555 000 4 956 886 250 2.1410 BOGDANKA 136.00 33 979 000 4 621 144 000 2.0011 LPP 4550.00 930 000 4 231 500 000 1.8312 BRE 326.00 12 786 000 4 168 236 000 1.8013 JSW 92.40 37 704 000 3 483 849 600 1.5114 EUROCASH 43.70 77 270 000 3 376 699 000 1.4615 HANDLOWY 98.30 32 665 000 3 210 969 500 1.3916 ASSECOPOL 45.35 69 483 000 3 151 054 050 1.3617 INGBSK 91.00 32 525 000 2 959 775 000 1.2818 CYFRPLSAT 16.41 168 807 000 2 770 122 870 1.2019 SYNTHOS 5.41 496 691 000 2 687 098 310 1.1620 LOTOS 41.20 60 797 000 2 504 836 400 1.0821 GTC 9.90 230 737 000 2 284 296 300 0.9922 GETINOBLE 1.79 1 191 982 000 2 133 647 780 0.9223 ENEA 15.73 131 913 000 2 074 991 490 0.9024 AZOTYTARNOW 53.90 35 085 000 1 891 081 500 0.8225 MILLENNIUM 4.42 418 366 000 1 849 177 720 0.8026 ALIOR 62.65 28 332 000 1 774 999 800 0.7727 NETIA 4.28 371 388 000 1 589 540 640 0.6928 TVN 9.92 158 105 000 1 568 401 600 0.6829 CCC 73.00 20 030 000 1 462 190 000 0.6330 AMREST 96.20 14 216 000 1 367 579 200 0.5931 KETY 144.90 9 226 000 1 336 847 400 0.5832 ECHO 5.05 233 735 000 1 180 361 750 0.5133 GPW 38.87 27 123 000 1 054 271 010 0.4634 GETIN 2.82 324 766 000 915 840 120 0.4035 KREDYTB 16.50 54 332 000 896 478 000 0.3936 PULAWY 137.50 6 474 000 890 175 000 0.3937 EMPERIA 57.95 15 115 000 875 914 250 0.3838 ORBIS 38.00 21 801 000 828 438 000 0.3639 APATOR 32.63 25 333 000 826 615 790 0.3640 ZEPAK 28.45 25 825 000 734 721 250 0.3241 BUDIMEX 70.00 10 452 000 731 640 000 0.3242 CIECH 22.20 32 292 000 716 882 400 0.3143 INTERCARS 86.00 8 253 000 709 758 000 0.31119


Fact Book 2013The WIG-Poland portfolio (end of 2012) (contd.)No. Shares Price of Number of shares in Market value Share insharesportfolioWIG-Poland(PLN) (PLN) (%)44 KOGENERA 86.50 7 450 000 644 425 000 0.2845 BORYSZEW 0.62 969 028 000 600 797 360 0.2646 WAWEL 798.00 718 000 572 964 000 0.2547 INTEGERPL 184.50 3 021 000 557 374 500 0.2448 KOPEX 17.70 30 713 000 543 620 100 0.2449 FAMUR 4.77 110 906 000 529 021 620 0.2350 BIOTON 0.10 5 216 479 000 521 647 900 0.2351 ELBUDOWA 106.50 4 748 000 505 662 000 0.2252 MENNICA 22.66 22 376 000 507 040 160 0.2253 AGORA 10.38 45 245 000 469 643 100 0.2054 KRUK 44.06 10 078 000 444 036 680 0.1955 SANOK 18.15 23 601 000 428 358 150 0.1956 NFIEMF 16.65 24 946 000 415 350 900 0.1857 BANKBPH 48.89 8 318 000 406 667 020 0.1858 FARMACOL 32.59 11 602 000 378 109 180 0.1659 KOFOLA 27.50 13 089 000 359 947 500 0.1660 OPENFIN 14.00 24 750 000 346 500 000 0.1561 CDPROJEKT 6.20 55 376 000 343 331 200 0.1562 IMPEXMET 3.50 98 000 000 343 000 000 0.1563 COMARCH 73.50 4 586 000 337 071 000 0.1564 STALPROD 184.00 1 796 000 330 464 000 0.1465 MIDAS 0.65 503 124 000 327 030 600 0.1466 POLIMEXMS 0.62 521 117 000 323 092 540 0.1467 ZELMER 39.28 7 807 000 306 658 960 0.1368 BOS 30.00 9 921 000 297 630 000 0.1369 CORMAY 12.93 23 135 000 299 135 550 0.1370 PELION 30.50 9 591 000 292 525 500 0.1371 DEBICA 61.00 4 686 000 285 846 000 0.1272 COMP 59.40 4 386 000 260 528 400 0.1173 PEP 28.70 9 002 000 258 357 400 0.1174 LCCORP 1.17 218 432 000 255 565 440 0.1175 ATM 10.39 24 013 000 249 495 070 0.1176 AMICA 54.65 4 443 000 242 809 950 0.1177 ABPL 19.44 11 927 000 231 860 880 0.1078 DOMDEV 34.19 6 694 000 228 867 860 0.1079 RAFAKO 8.39 27 404 000 229 919 560 0.1080 GRAJEWO 13.15 17 316 000 227 705 400 0.1081 HAWE 3.80 58 937 000 223 960 600 0.1082 KREZUS 18.40 12 080 000 222 272 000 0.1083 MCI 6.37 34 271 000 218 306 270 0.0984 IPOPEMA 8.89 23 533 000 209 208 370 0.0985 SNIEZKA 39.39 5 026 000 197 974 140 0.0986 ASSECOBS 10.75 17 890 000 192 317 500 0.08120


WSE Main ListThe WIG-Poland portfolio (end of 2012) (contd.)No. Shares Price of Number of shares in Market value Share insharesportfolioWIG-Poland(PLN) (PLN) (%)87 NEUCA 95.50 1 968 000 187 944 000 0.0888 BENEFIT 230.00 802 000 184 460 000 0.0889 POLNORD 10.40 17 673 000 183 799 200 0.0890 ALCHEMIA 5.00 36 207 000 181 035 000 0.0891 ROVESE 1.42 123 345 000 175 149 900 0.0892 SYGNITY 14.45 11 809 000 170 640 050 0.0793 ACTION 22.40 7 557 000 169 276 800 0.0794 POLICE 12.39 13 586 000 168 330 540 0.0795 FORTE 12.90 12 724 000 164 139 600 0.0796 LENTEX 4.90 32 945 000 161 430 500 0.0797 PETROLINV 1.40 113 902 000 159 462 800 0.0798 RADPOL 8.00 19 627 000 157 016 000 0.0799 ASSECOSEE 9.20 16 750 000 154 100 000 0.07100 BBIDEVNFI 0.38 407 046 000 154 677 480 0.07101 CITYINTER 24.34 6 303 000 153 415 020 0.07102 WIELTON 4.25 36 150 000 153 637 500 0.07103 MERCOR 14.80 9 922 000 146 845 600 0.06104 ZETKAMA 41.38 3 289 000 136 098 820 0.06105 IMPEL 30.74 4 266 000 131 136 840 0.06106 SECOGROUP 35.21 3 726 000 131 192 460 0.06107 ZPUE 247.90 522 000 129 403 800 0.06108 STALPROFI 16.76 7 536 000 126 303 360 0.06109 COLIAN 2.18 57 722 000 125 833 960 0.05110 MOSTALWAR 12.55 9 981 000 125 261 550 0.05111 RANKPROGR 11.02 10 843 000 119 489 860 0.05112 KOELNER 8.80 13 457 000 118 421 600 0.05113 PTI 15.95 7 408 000 118 157 600 0.05114 STALEXP 1.40 84 947 000 118 925 800 0.05115 KREDYTIN 12.80 8 973 000 114 854 400 0.05116 CALATRAVA 0.38 300 302 000 114 114 760 0.05117 ALMA 27.00 3 993 000 107 811 000 0.05118 VISTULA 1.08 100 261 000 108 281 880 0.05119 INSTALKRK 17.15 6 190 000 106 158 500 0.05120 PANOVA 19.00 5 552 000 105 488 000 0.05121 EKOEXPORT 14.85 7 035 000 104 469 750 0.05122 ORZBIALY 15.77 6 534 000 103 041 180 0.05123 ARMATURA 1.22 80 619 000 98 355 180 0.04124 WORKSERV 5.65 17 709 000 100 055 850 0.04125 IZOSTAL 7.50 13 005 000 97 537 500 0.04126 QUMAKSEK 9.31 10 375 000 96 591 250 0.04127 SKOTAN 4.08 23 372 000 95 357 760 0.04128 FERRO 6.20 15 080 000 93 496 000 0.04129 MAGELLAN 42.50 2 102 000 89 335 000 0.04130 EMCINSMED 15.95 5 369 000 85 635 550 0.04121


Fact Book 2013The WIG-Poland portfolio (end of 2012) (contd.)No. Shares Price of Number of shares in Market value Share insharesportfolioWIG-Poland(PLN) (PLN) (%)131 MOSTALZAB 1.14 72 870 000 83 071 800 0.04132 QUERCUS 2.46 33 631 000 82 732 260 0.04133 VOXEL 18.10 4 559 000 82 517 900 0.04134 ARCTIC 5.86 13 962 000 81 817 320 0.04135 JWCONSTR 4.04 20 091 000 81 167 640 0.04136 AMBRA 8.09 9 800 000 79 282 000 0.03137 DUDA 0.39 199 109 000 77 652 510 0.03138 PAGED 15.14 5 128 000 77 637 920 0.03139 APLISENS 14.49 5 224 000 75 695 760 0.03140 ABCDATA 2.08 35 321 000 73 467 680 0.03141 ENERGOINS 14.50 5 064 000 73 428 000 0.03142 TIM 5.22 14 277 000 74 525 940 0.03143 NOWAGALA 1.96 36 521 000 71 581 160 0.03144 ERBUD 13.95 4 903 000 68 396 850 0.03145 KRUSZWICA 28.40 2 418 000 68 671 200 0.03146 ZAMET 2.65 26 306 000 69 710 900 0.03147 OTMUCHOW 10.70 6 257 000 66 949 900 0.03148 SOLAR 5.60 12 010 000 67 256 000 0.03149 ADVGRUPA 13.12 4 933 000 64 720 960 0.03150 BARLINEK 0.90 72 086 000 64 877 400 0.03151 GANT 3.90 16 771 000 65 406 900 0.03152 MNI 1.47 44 666 000 65 659 020 0.03153 TRAKCJA 0.59 108 205 000 63 840 950 0.03154 UNIBEP 5.05 12 792 000 64 599 600 0.03155 PEKAES 5.50 11 289 000 62 089 500 0.03156 POZBUD 3.40 18 500 000 62 900 000 0.03157 ELEKTROTI 8.60 7 027 000 60 432 200 0.03158 FERRUM 7.45 8 083 000 60 218 350 0.03159 GRAAL 14.95 3 975 000 59 426 250 0.03160 KINOPOL 13.55 4 441 000 60 175 550 0.03161 MIESZKO 4.36 13 935 000 60 756 600 0.03162 ROBYG 1.43 42 050 000 60 131 500 0.03163 ACAUTOGAZ 24.50 2 343 000 57 403 500 0.03164 HYDROTOR 26.94 2 027 000 54 607 380 0.02165 OPONEO.PL 7.00 7 841 000 54 887 000 0.02166 ULMA 43.85 1 288 000 56 478 800 0.02167 BSCDRUK 17.20 3 032 000 52 150 400 0.02168 ENERGOPOL 8.44 6 207 000 52 387 080 0.02169 ERGIS 3.34 16 213 000 54 151 420 0.02170 KONSSTALI 24.85 2 139 000 53 154 150 0.02171 LUBAWA 0.70 74 528 000 52 169 600 0.02172 MIRBUD 1.23 42 899 000 52 765 770 0.02173 PEPEES 0.89 60 343 000 53 705 270 0.02174 COGNOR 2.18 22 531 000 49 117 580 0.02122


WSE Main ListThe WIG-Poland portfolio (end of 2012) (contd.)No. Shares Price of Number of shares in Market value Share insharesportfolioWIG-Poland(PLN) (PLN) (%)175 PGODLEW 1.85 26 306 000 48 666 100 0.02176 PROJPRZEM 8.80 5 471 000 48 144 800 0.02177 PROTEKTOR 4.04 11 981 000 48 403 240 0.02178 DECORA 8.50 5 572 000 47 362 000 0.02179 IDEON 0.16 293 319 000 46 931 040 0.02180 IDMSA 0.21 218 177 000 45 817 170 0.02181 LIBET 1.98 22 915 000 45 371 700 0.02182 PLASTBOX 2.45 19 117 000 46 836 650 0.02183 RELPOL 8.06 5 829 000 46 981 740 0.02184 BERLING 6.60 6 730 000 44 418 000 0.02185 BLACKLION 0.76 58 068 000 44 131 680 0.02186 HARPER 1.73 25 500 000 44 115 000 0.02187 WASKO 2.51 17 393 000 43 656 430 0.02188 ARTERIA 13.43 3 020 000 40 558 600 0.02189 INDYKPOL 35.70 1 166 000 41 626 200 0.02190 PCGUARD 1.91 22 237 000 42 472 670 0.02191 PROCHEM 16.14 2 550 000 41 157 000 0.02192 SELENAFM 7.94 5 246 000 41 653 240 0.02193 ENELMED 4.10 9 319 000 38 207 900 0.02194 HERKULES 1.28 30 390 000 38 899 200 0.02195 TOYA 2.40 16 402 000 39 364 800 0.02196 ZASTAL 1.88 20 435 000 38 417 800 0.02197 ZUE 6.54 6 000 000 39 240 000 0.02198 ATMGRUPA 1.02 36 777 000 37 512 540 0.02199 ESSYSTEM 2.50 13 646 000 34 115 000 0.02200 FASING 26.67 1 239 000 33 044 130 0.01201 GROCLIN 12.66 2 550 000 32 283 000 0.01202 HYGIENIKA 1.26 26 524 000 33 420 240 0.01203 INPRO 3.23 10 010 000 32 332 300 0.01204 KANIA 1.80 18 504 000 33 307 200 0.01205 ROPCZYCE 17.20 1 845 000 31 734 000 0.01206 4FUNMEDIA 20.20 1 444 000 29 168 800 0.01207 ATMSI 1.23 24 471 000 30 099 330 0.01208 GINOROSSI 0.98 31 878 000 31 240 440 0.01209 HUTMEN 3.29 8 900 000 29 281 000 0.01210 LENA 3.00 10 150 000 30 450 000 0.01211 NETMEDIA 4.30 6 815 000 29 304 500 0.01212 STAPORKOW 20.47 1 471 000 30 111 370 0.01213 TELL 10.00 3 085 000 30 850 000 0.01214 KRAKCHEM 5.90 4 685 000 27 641 500 0.01215 PCCINTER 1.45 18 757 000 27 197 650 0.01216 PRESCO 7.28 3 686 000 26 834 080 0.01217 BUMECH 6.19 4 192 000 25 948 480 0.01123


Fact Book 2013The WIG-Poland portfolio (end of 2012) (contd.)No. Shares Price of Number of shares in Market value Share insharesportfolioWIG-Poland(PLN) (PLN) (%)218 CELTIC 4.51 5 444 000 24 552 440 0.01219 FAM 1.47 16 542 000 24 316 740 0.01220 INTROL 4.45 5 970 000 26 566 500 0.01221 K2INTERNT 16.99 1 493 000 25 366 070 0.01222 RAINBOW 4.13 6 236 000 25 754 680 0.01223 REMAK 16.20 1 521 000 24 640 200 0.01224 URSUS 3.46 7 319 000 25 323 740 0.01225 EUROTEL 17.30 1 304 000 22 559 200 0.01226 MWTRADE 9.80 2 476 000 24 264 800 0.01227 NOKAUT 6.59 3 676 000 24 224 840 0.01228 NOVITA 22.60 975 000 22 035 000 0.01229 SONEL 4.91 4 794 000 23 538 540 0.01230 CAPITAL 1.37 14 369 000 19 685 530 0.01231 INVESTCON 0.97 21 742 000 21 089 740 0.01232 MCLOGIC 32.00 681 000 21 792 000 0.01233 MOSTALPLC 21.00 1 027 000 21 567 000 0.01234 PRAGMAINK 19.17 1 032 000 19 783 440 0.01235 PROCHNIK 0.24 89 100 000 21 384 000 0.01236 TESGAS 3.32 6 164 000 20 464 480 0.01237 BAKALLAND 2.69 6 520 000 17 538 800 0.01238 BOWIM 4.23 4 647 000 19 656 810 0.01239 EFH 0.18 103 138 000 18 564 840 0.01240 EUCO 10.14 1 797 000 18 221 580 0.01241 IVMX 4.95 3 511 000 17 379 450 0.01242 KREC 3.40 5 463 000 18 574 200 0.01243 MIT 0.34 55 718 000 18 944 120 0.01244 MOBRUK 50.00 356 000 17 800 000 0.01245 MONNARI 1.15 15 990 000 18 388 500 0.01246 PAMAPOL 2.74 6 642 000 18 199 080 0.01247 08OCTAVA 0.71 22 310 000 15 840 100 0.01248 ATLANTIS 0.13 128 520 000 16 707 600 0.01249 ATREM 3.90 3 999 000 15 596 100 0.01250 JUPITER 0.66 25 789 000 17 020 740 0.01251 ODLEWNIE 1.96 8 487 000 16 634 520 0.01252 PBSFINANSE 0.42 37 363 000 15 692 460 0.01253 SUWARY 17.79 958 000 17 042 820 0.01254 TRANSPOL 5.78 2 631 000 15 207 180 0.01255 VANTAGE 1.31 11 762 000 15 408 220 0.01256 WIKANA 0.40 42 545 000 17 018 000 0.01257 BBICAPNFI 0.71 20 702 000 14 698 420 0.01258 BIPROMET 6.30 2 108 000 13 280 400 0.01259 BYTOM 0.25 51 250 000 12 812 500 0.01260 CAMMEDIA 3.02 4 285 000 12 940 700 0.01124


WSE Main ListThe WIG-Poland portfolio (end of 2012) (contd.)No. Shares Price of Number of shares in Market value Share insharesportfolioWIG-Poland(PLN) (PLN) (%)261 CHEMOS 0.19 78 323 000 14 881 370 0.01262 DUON 0.69 19 945 000 13 762 050 0.01263 INTERFERI 5.22 2 770 000 14 459 400 0.01264 KOMPUTRON 5.37 2 525 000 13 559 250 0.01265 MAKRUM 1.03 12 926 000 13 313 780 0.01266 MOSTALEXP 0.35 39 757 000 13 914 950 0.01267 NTTSYSTEM 0.72 18 924 000 13 625 280 0.01268 SIMPLE 7.23 2 031 000 14 684 130 0.01269 SWISSMED 0.57 24 092 000 13 732 440 0.01270 TRITON 1.13 13 190 000 14 904 700 0.01271 TUP 1.93 7 353 000 14 191 290 0.01272 VOTUM 4.64 2 756 000 12 787 840 0.01273 YAWAL 5.35 2 483 000 13 284 050 0.01274 06MAGNA 0.23 52 420 000 12 056 600 0.01275 BBIZENNFI 0.18 70 130 000 12 623 400 0.01276 CCENERGY 0.20 53 299 000 10 659 800 0.01277 DROZAPOL 0.77 14 176 000 10 915 520 0.01278 FON 0.10 114 241 000 11 424 100 0.01279 FOTA 4.20 2 909 000 12 217 800 0.01280 IFCAPITAL 0.36 29 348 000 10 565 280 0.01281 PATENTUS 1.91 6 055 000 11 565 050 0.01282 RAFAMET 17.66 667 000 11 779 220 0.01283 REDAN 0.85 12 957 000 11 013 450 0.01284 SFINKS 0.94 11 981 000 11 262 140 0.01285 VINDEXUS 2.99 3 589 000 10 731 110 0.01286 ATLANTAPL 3.15 2 618 000 8 246 700 0.00287 EDINVEST 4.00 2 593 000 10 372 000 0.00288 JHMDEV 0.32 28 133 000 9 002 560 0.00289 KOMPAP 5.97 1 497 000 8 937 090 0.00290 MAKARONPL 2.15 4 707 000 10 120 050 0.00291 MIRACULUM 0.11 89 325 000 9 825 750 0.00292 POLNA 13.09 791 000 10 354 190 0.00293 PRAGMAFA 16.35 528 000 8 632 800 0.00294 RUBICON 0.20 51 491 000 10 298 200 0.00295 WOJAS 4.10 2 047 000 8 392 700 0.00296 AWBUD 0.62 11 931 000 7 397 220 0.00297 DMWDM 0.24 31 511 000 7 562 640 0.00298 DROP 9.00 868 000 7 812 000 0.00299 ENERGOPLD 0.26 24 950 000 6 487 000 0.00300 HELIO 5.21 1 143 000 5 955 030 0.00301 HYPERION 2.09 3 290 000 6 876 100 0.00302 IDEATFI 1.47 5 062 000 7 441 140 0.00303 INTERBUD 2.86 2 341 000 6 695 260 0.00125


Fact Book 2013The WIG-Poland portfolio (end of 2012) (contd.)No. Shares Price of Number of shares in Market value Share insharesportfolioWIG-Poland(PLN) (PLN) (%)304 INTERSPPL 2.95 2 590 000 7 640 500 0.00305 KBDOM 0.17 35 951 000 6 111 670 0.00306 POLJADLO 0.19 34 280 000 6 513 200 0.00307 TERESA 13.22 448 000 5 922 560 0.00308 WADEX 10.78 711 000 7 664 580 0.00309 COMPLEX 0.88 4 084 000 3 593 920 0.00310 ELKOP 0.13 36 733 000 4 775 290 0.00311 FASTFIN 0.38 14 968 000 5 687 840 0.00312 KPPD 24.31 189 000 4 594 590 0.00313 MEXPOLSKA 2.35 1 492 000 3 506 200 0.00126


WSE Main ListWIG-UkraineWIG-Ukraine comprises all companies withUkrainian origin on the Main List and coveredby WIG.WIG-Ukraine has been calculated since 4May 2012, and its base value was determinedon 31 December 2010 at 1,000 points. after the first auction at 10:15, after the second auction at 15:15, after the close of session at 17:40.WIG-Ukraine is a total return index, whichmeans that income from dividends and preemptiverights is also taken into account forits calculation. Changes to its compositionare made four times a year. An inventory ofall listed companies is compiled after thelast session in February, May, August andNovember. The inventory does not includecompanies which fail to meet essential participationrequirements. Company shares inthis index are determined on the basis of thenumber of shares in free float. As an additionalrequirement, one company may haveno more than a 40% share in this index if thenumber of index constituents is under 30,or 10% in all other cases. New index portfolioscome into force after the third Fridayof March, June, September and December.The WIG-Ukraine index in 2012900830.6816 Mar800700600594.4623 May500JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember127


Fact Book 2013The WIG-Ukraine portfolio (end of 2012)No Shares Price of shares Number of shares in Market value Share in WIGportfolioUkraine(PLN) (PLN) (%)1 KERNEL 66.75 12 118 000 808 876 500 40.002 ASTARTA 55.00 9 256 000 509 080 000 25.173 IMCOMPANY 16.35 9 809 000 160 377 150 7.934 OVOSTAR 89.00 1 500 000 133 500 000 6.605 MILKILAND 14.50 8 426 000 122 177 000 6.046 COALENERG 9.53 11 253 000 107 241 090 5.307 AGROTON 10.00 6 610 000 66 100 000 3.278 KSGAGRO 11.60 5 126 000 59 461 600 2.949 KDMSHIPNG 25.10 996 000 24 999 600 1.2410 SADOVAYA 2.07 10 771 000 22 295 970 1.1011 WESTAISIC 0.74 11 033 000 8 164 420 0.40Monthly rates of return on WSE indices in 2012 (%)WIG20 mWIG40 sWIG80 WIG-Plus WIG WIG-CEE WIG-Poland WIG-UkraineJanuary 8.8 8.3 10.9 13.0 8.9 2.3 9.1 7.0February -0.6 5.0 10.3 9.2 1.5 3.5 1.3 9.9March -1.3 1.3 -1.2 -0.1 -0.7 -2.4 -0.6 -3.6April -2.0 -3.5 -3.3 -5.3 -2.4 -2.3 -2.4 -2.8May -6.4 -7.1 -6.4 -8.6 -6.2 -12.3 -5.7 -20.3June 8.5 2.4 2.5 -1.3 8.0 4.5 8.2 5.0July -3.9 -2.8 -1.8 -7.6 -1.6 3.5 -1.9 9.7August 3.3 -0.6 0.4 -0.3 3.5 1.8 3.7 2.2September 5.0 5.8 5.0 3.6 5.2 -0.4 5.5 -2.3October -2.3 2.3 -0.3 3.5 -1.2 1.1 -1.2 -1.4November 4.5 4.1 1.5 1.7 4.1 -3.9 4.4 -6.4December 6.7 1.8 4.8 1.7 5.4 -2.5 5.9 -1.9128


WSE Main ListSectoral subindicesThe Warsaw Stock Exchange runs a sectoralclassification for all listed companies. Lists ofcompanies covered by sectoral subindicesof the WIG are based on this classification.The constituent list of a sectoral subindex includescompanies from one sector only.At the end of 2012, the following sectoralsubindices were calculated:Basic MaterialsValues of sectoral subindices are publishedthree times during a trading session, i.e.: after the first auction, after the second auction, after the close of session.Sectoral subindices are based on the WIGmethodology and are calculated with incomefrom dividends and pre-emptiverights.Changes in composition of sectoral subindicesare made alongside changes in theWIG composition and company sharesin subindices are equal to their respectiveshares in the WIG.New portfolios of sectoralsubindices comeinto force after the third Friday of March,June, September and December.EnergyMonthly rates of return on WSE sectoral subindices in 2012 (%)Month I II III IV V VI VII VIII IX X XI XIIWIG-Banking 9.8 -0.5 -0.4 -1.6 -6.5 11.1 -5.9 6.9 3.6 -0.4 0.9 5.4WIG-Construction 12.3 0.6 -14.1 -14.6 -3.5 -18.0 -8.0 -7.0 21.3 -3.6 3.4 2.1WIG-Chemical 15.0 0.5 12.4 2.3 -2.8 7.5 0.1 2.0 6.3 -3.4 7.0 1.3WIG-Developers 17.6 -1.7 -7.7 -4.2 -9.2 1.0 -5.9 -4.7 14.1 5.5 3.5 4.6WIG-Energy -0.4 -3.3 -1.2 -3.9 -3.3 6.0 -2.5 9.5 -0.7 -7.1 3.2 2.0WIG-IT 0.6 12.4 -3.0 -5.6 0.8 0.9 -6.4 -2.6 2.8 -6.3 7.0 4.8WIG-Media 4.1 3.4 -1.0 -5.1 -7.9 5.7 -5.4 -5.8 5.4 0.7 8.5 6.7WIG-Oil&Gas 4.6 -3.2 5.6 -0.5 -9.7 11.2 -3.3 5.0 11.0 -2.0 6.3 10.8WIG-Food 4.8 7.9 -4.8 -1.0 -16.5 6.0 10.1 2.4 -2.1 1.5 0.4 -0.8WIG-Basic materials 24.4 4.4 -3.8 -2.6 -7.2 11.4 5.3 0.5 12.6 3.1 9.1 6.0WIG-Telecom 1.9 0.1 2.1 -4.1 -3.3 5.4 0.5 4.5 -0.1 -22.1 -5.7 0.4129


Fact Book 2013LicensingThe Warsaw Stock Exchange registers itsindices as trademarks. From the registrationdate onwards, those registered trademarksmay only be used under a licence agreementsigned with the WSE.Benchmarks for financialinstitutionsIndex CommitteeEstablished by the WSE Management Boardin October 1997, the Index Committee is astanding body with a reviewing and advisoryfunction on index methodology and stockmarket statistics. The Committee meets beforeadjustments and revisions to WIG20,mWIG40, sWIG80 and WIG-Plus portfoliosare announced.The WSE creates and calculates benchmarksdeveloped individually to meet specificneeds of external institutions whilemaintaining clarity of design and calculationmethodology.The Warsaw Stock Exchange guaranteesreliability of index design and monitors thecalculation of index values under existingcontracts.130


WSE Main ListIndex values in 2012 (points)SessionWIG-WIG- WIG- WIG-WIG20 mWIG40 sWIG80WIG(dd.mm)PlusCEE Poland Ukraine RESPECT WIGdiv30.12.11 2 144 2 174 8 497 716 37 595 906 37 217 705 2 005 90302.01 2 194 2 190 8 604 725 38 318 915 37 951 709 2 030 91703.01 2 204 2 194 8 636 729 38 464 916 38 077 730 2 040 91304.01 2 184 2 187 8 610 727 38 183 914 37 789 722 2 041 91305.01 2 157 2 160 8 602 725 37 739 895 37 366 711 2 011 90109.01 2 127 2 157 ▼ 8 568 723 37 341 900 36 952 708 2 004 89610.01 2 138 2 177 8 682 730 37 609 910 37 221 705 2 011 90411.01 2 131 2 176 8 657 732 37 516 904 37 127 700 2 021 90512.01 2 167 2 201 8 741 736 38 063 901 37 692 704 2 045 91313.01 2 166 2 184 8 714 735 37 992 895 37 626 703 2 039 91416.01 2 183 2 189 8 732 741 38 226 895 37 873 698 2 052 92017.01 2 208 2 233 8 894 755 38 727 884 38 405 701 2 064 92018.01 2 228 2 247 8 941 758 39 056 898 38 741 692 2 080 92419.01 2 244 2 251 8 971 766 39 288 903 38 961 704 2 080 92520.01 2 261 2 254 8 974 775 39 519 910 39 193 704 2 096 93123.01 2 266 2 273 9 043 781 39 660 909 39 330 715 2 112 93324.01 2 265 2 264 9 025 781 39 607 907 39 281 721 2 108 93225.01 2 253 2 283 9 081 782 39 543 905 39 212 727 2 102 92626.01 2 306 2 323 9 236 795 40 392 918 40 072 734 2 138 94327.01 2 306 2 328 9 301 800 40 468 921 40 151 731 2 145 94530.01 2 317 2 325 9 360 801 40 600 920 40 284 734 2 146 95031.01 2 332 2 354 9 420 809 40 928 926 40 606 754 2 162 95501.02 2 364 2 375 9 501 816 41 438 915 41 142 751 2 180 96402.02 2 371 2 387 9 562 820 41 602 931 41 274 763 2 185 96703.02 2 374 2 402 9 654 826 41 732 942 41 388 773 2 187 96906.02 2 390 2 432 9 797 835 42 084 973 41 665 810 2 198 97307.02 2 375 2 429 9 884 839 41 913 968 41 488 822 2 196 96708.02 2 377 2 441 9 959 852 42 044 987 41 607 828 2 189 97109.02 2 364 2 422 9 874 851 41 792 981 41 363 817 2 174 97210.02 2 325 2 410 9 822 843 41 219 965 40 794 806 2 151 96213.02 2 342 2 437 9 942 848 41 582 969 41 152 808 2 164 97114.02 2 329 2 430 9 987 856 41 424 970 40 993 801 2 162 96615.02 2 335 2 448 10 130 871 41 616 969 41 190 810 2 167 97016.02 2 319 2 445 10 186 873 41 430 965 41 001 807 2 162 97117.02 2 360 2 482 10 428 887 42 161 ▲ 988 41 719 825 2 203 98920.02 2 349 2 475 10 505 899 42 047 980 41 616 823 2 201 98721.02 2 352 2 467 10 530 ▲900 42 070 973 41 643 822 2 204 99022.02 2 328 2 452 10 421 889 41 669 964 41 245 815 2 190 98223.02 2 297 2 445 10 423 886 41 258 959 40 838 811 2 171 97824.02 2 312 2 469 10 406 886 41 499 957 41 088 808 2 187 98127.02 2 313 2 456 10 374 882 41 464 956 41 052 807 2 178 98028.02 2 319 2 475 10 419 882 41 606 955 41 190 825 2 198 98229.02 2 317 2 472 10 388 883 41 561 959 41 139 829 2 197 981131


Fact Book 2013Index values in 2012 (points) (contd.)SessionWIG-WIG- WIG- WIG-WIG20 mWIG40 sWIG80WIG(dd.mm)PlusCEE Poland Ukraine RESPECT WIGdiv01.03 2 321 2 462 10 317 877 41 534 948 41 148 810 2 193 98402.03 2 325 2 476 10 284 878 41 640 958 41 238 830 2 195 98405.03 2 284 2 463 10 235 871 41 084 953 40 683 821 2 182 97106.03 2 250 2 433 10 048 859 40 480 941 40 080 808 2 158 95807.03 2 266 2 447 10 185 867 40 791 953 40 372 821 2 160 96608.03 2 297 2 478 10 335 879 41 338 950 40 950 814 2 184 97909.03 2 286 2 484 10 376 884 41 236 934 40 875 803 2 178 97312.03 2 292 2 485 10 350 879 41 297 929 40 951 792 2 178 97413.03 2 298 2 505 10 407 881 41 461 935 41 106 799 2 185 97914.03 2 337 2 527 10 513 886 42 069 954 41 703 815 2 217 99415.03 2 344 2 562 ▲10 536 893 42 281 956 41 922 817 2 235 99916.03 2 338 2 562 10 533 898 42 209 955 41 830 ▲831 2 238 1 00119.03 2 324 2 547 10 441 894 41 963 966 41 579 824 2 230 99120.03 2 300 2 529 10 397 888 41 586 965 41 187 823 2 212 98321.03 2 298 2 523 10 355 884 41 529 966 41 122 828 2 214 98322.03 2 262 2 475 10 175 869 40 834 946 40 434 812 2 180 96823.03 2 284 2 499 10 218 875 41 210 946 40 827 808 2 197 97226.03 2 305 2 509 10 276 880 41 526 950 41 156 807 2 212 98027.03 2 324 2 528 10 326 883 41 834 953 41 457 815 2 231 98728.03 2 308 2 522 10 326 880 41 608 944 41 234 809 2 218 98529.03 2 271 2 493 10 227 877 41 028 938 40 660 801 2 195 97330.03 2 287 2 504 10 262 882 41 267 936 40 908 799 2 205 98102.04 2 301 2 522 10 268 879 41 489 931 41 133 808 2 220 98703.04 2 299 2 527 10 226 877 41 466 939 41 086 813 2 227 98504.04 2 257 2 485 10 087 867 40 754 922 40 396 794 2 192 96805.04 2 263 2 477 10 094 866 40 802 921 40 442 799 2 193 97110.04 2 226 2 441 9 941 858 40 217 926 39 834 805 2 149 96211.04 2 252 2 446 9 978 854 40 563 934 40 176 815 2 164 97012.04 2 279 2 474 10 159 859 41 054 940 40 660 820 2 186 97713.04 2 250 2 473 10 113 858 40 669 933 40 270 825 2 171 97116.04 2 251 2 456 10 050 856 40 605 929 40 210 825 2 167 97017.04 2 271 2 460 10 073 857 40 873 928 40 476 824 2 182 97418.04 2 246 2 450 10 066 857 40 527 920 40 143 819 2 160 96619.04 2 232 2 455 10 057 851 40 355 924 39 957 824 2 165 95920.04 2 222 2 442 9 974 843 40 141 921 39 739 814 2 159 95323.04 2 167 2 368 9 662 816 39 086 911 38 682 792 2 109 93024.04 2 180 2 384 9 682 817 39 305 905 38 936 780 2 117 93525.04 2 186 2 387 9 699 824 39 423 922 39 041 781 2 126 93226.04 2 210 2 399 9 773 827 39 762 888 39 439 765 2 137 94327.04 2 244 2 406 9 827 829 40 249 910 39 913 773 2 154 95630.04 2 241 2 417 9 919 835 40 274 914 39 928 776 2 154 95702.05 2 226 2 424 9 924 833 40 115 922 39 752 777 2 150 95504.05 2 210 2 424 9 865 834 39 888 917 39 514 784 2 132 948132


WSE Main ListIndex values in 2012 (points) (contd.)SessionWIG-WIG- WIG- WIG-WIG20 mWIG40 sWIG80WIG(dd.mm)PlusCEE Poland Ukraine RESPECT WIGdiv07.05 2 217 2 416 9 811 824 39 910 897 39 568 772 2 142 95108.05 2 168 2 408 9 793 822 39 268 882 38 937 753 2 112 93709.05 2 168 2 394 9 705 818 39 176 873 38 855 752 2 107 93910.05 2 188 2 391 9 681 817 39 404 866 39 105 736 2 117 94211.05 2 179 2 379 9 672 817 39 278 860 38 992 713 2 115 93714.05 2 137 2 321 9 517 804 38 501 846 38 230 684 2 069 92115.05 2 111 2 316 9 424 801 38 157 839 37 909 665 2 048 91416.05 2 120 2 310 9 333 790 38 215 825 37 991 650 2 063 91717.05 2 057 2 272 9 183 772 37 229 803 37 035 615 2 020 89518.05 2 061 2 267 9 196 765 37 256 801 37 090 601 2 023 89421.05 2 096 2 291 9 246 772 37 790 802 37 646 602 2 050 90522.05 2 100 2 307 9 251 771 37 888 806 37 715 616 2 049 91023.05 2 038 2 268 9 077 763 36 935 791 36 762 ▼ 594 2 003 88924.05 ▼2 036 2 252 9 069 760 36 853 797 36 663 598 2 001 88425.05 2 037 2 246 9 117 759 36 861 ▼787 36 705 598 1 992 ▼ 88228.05 2 056 2 219 9 170 762 37 178 793 37 027 600 2 008 89229.05 2 091 2 224 9 266 762 37 663 799 37 503 612 2 027 90630.05 2 072 2 204 9 260 758 37 348 799 37 191 608 2 003 90331.05 2 096 2 245 9 286 764 37 794 802 37 637 619 2 027 92401.06 2 072 2 204 9 198 753 37 312 798 37 161 607 2 011 91204.06 2 078 2 182 9 093 747 37 288 815 37 106 622 2 014 90805.06 2 040 ▼2 148 8 984 733 ▼36 653 806 ▼36 478 604 ▼ 1 987 89506.06 2 111 2 180 9 151 734 37 707 826 37 546 611 2 026 91608.06 2 154 2 209 9 243 736 38 527 828 38 377 626 2 068 93711.06 2 165 2 232 9 276 742 38 748 827 38 609 629 2 079 93612.06 2 213 2 249 9 326 739 39 418 833 39 282 652 2 119 95213.06 2 209 2 243 9 317 738 39 338 833 39 206 655 2 117 95014.06 2 208 2 234 9 293 736 39 287 834 39 152 660 2 115 94915.06 2 233 2 232 9 340 740 39 739 839 39 596 675 2 143 96018.06 2 228 2 240 9 370 742 39 725 843 39 590 665 2 136 96119.06 2 271 2 286 9 508 744 40 633 853 40 504 672 2 188 98220.06 2 261 2 287 9 534 748 40 512 848 40 392 666 2 182 98121.06 2 246 2 256 9 506 744 40 208 842 40 111 650 2 171 97522.06 2 242 2 268 9 454 746 40 187 840 40 075 653 2 164 97425.06 2 208 2 264 9 440 745 39 728 825 39 621 646 2 138 96426.06 2 252 2 277 9 479 751 40 350 835 40 258 647 2 165 97827.06 2 276 2 289 9 521 753 40 710 831 40 642 639 2 180 98928.06 2 238 2 251 9 471 749 40 165 838 40 079 634 2 151 97029.06 2 275 2 300 9 520 754 40 811 839 40 721 650 2 182 97902.07 2 255 2 307 9 512 749 40 586 872 40 464 651 2 169 97003.07 2 271 2 302 9 542 746 40 788 863 40 667 669 2 183 97804.07 2 262 2 282 9 498 742 40 636 845 40 519 667 2 182 97505.07 2 287 2 295 9 528 741 41 014 848 40 894 674 2 204 982133


Fact Book 2013Index values in 2012 (points) (contd.)SessionWIG-WIG- WIG- WIG-WIG20 mWIG40 sWIG80WIG(dd.mm)PlusCEE Poland Ukraine RESPECT WIGdiv06.07 2 273 2 285 9 537 740 40 793 845 40 658 681 2 194 97709.07 2 242 2 284 9 441 739 40 355 843 40 194 686 2 174 96410.07 2 247 2 263 9 430 735 40 356 846 40 201 682 2 173 96511.07 2 221 2 251 9 440 730 39 983 848 39 817 678 2 153 95612.07 2 154 2 228 9 375 722 39 778 845 39 628 665 2 134 95213.07 2 191 2 237 9 427 718 40 301 851 40 146 677 2 169 96516.07 2 189 2 243 9 439 713 40 278 852 40 119 679 2 175 96217.07 2 191 2 278 9 480 712 40 426 860 40 238 697 2 173 97018.07 2 185 2 284 9 495 710 40 371 866 40 133 723 2 177 96119.07 2 199 2 280 9 505 710 40 546 870 40 319 722 2 189 96620.07 2 173 2 271 9 466 706 40 148 863 39 935 715 2 174 95723.07 2 101 2 225 9 242 694 38 983 857 38 763 701 2 110 93324.07 2 115 2 235 9 280 692 39 201 860 38 977 705 2 129 93725.07 2 119 2 231 9 280 690 39 246 861 39 020 707 2 132 93826.07 2 115 2 235 9 271 694 39 213 868 38 972 709 2 128 93627.07 2 163 2 263 9 306 694 39 936 865 39 724 711 2 172 95530.07 2 191 2 246 9 354 699 40 267 867 40 067 707 2 187 96031.07 2 186 2 236 9 344 696 40 164 868 39 949 713 2 189 96301.08 2 189 2 227 9 293 695 40 154 864 39 955 704 2 190 96502.08 2 171 2 217 9 253 692 39 877 862 39 682 696 2 178 95703.08 2 223 2 226 9 295 697 40 594 869 40 402 708 2 217 97206.08 2 262 2 242 9 340 698 41 171 875 40 976 725 2 242 98407.08 2 267 2 242 9 298 697 41 225 877 41 032 723 2 243 98508.08 2 269 2 243 9 282 694 41 254 885 41 052 729 2 243 98909.08 2 319 2 260 9 316 695 41 977 884 41 797 734 2 288 1 00810.08 2 313 2 257 9 277 693 41 878 885 41 697 730 2 285 1 00513.08 2 312 2 267 9 282 691 41 891 886 41 712 734 2 279 1 00714.08 2 318 2 274 9 326 ▼ 690 41 998 887 41 820 732 2 281 1 00616.08 2 344 2 291 9 361 696 42 408 890 42 224 743 2 296 1 01717.08 2 314 2 267 9 393 694 41 941 869 41 750 744 2 261 1 00420.08 2 282 2 264 9 388 690 41 759 872 41 561 742 2 251 1 00121.08 2 299 2 292 9 412 692 42 095 883 41 892 751 2 267 1 01222.08 2 279 2 298 9 429 691 41 846 878 41 652 745 2 258 1 01123.08 2 278 2 289 9 395 691 41 796 881 41 583 756 2 250 1 00424.08 2 283 2 278 9 431 694 41 853 897 41 634 752 2 259 1 00127.08 2 277 2 271 9 407 696 41 739 894 41 519 752 2 253 1 00028.08 2 253 2 256 9 338 694 41 601 883 41 402 746 2 254 99829.08 2 236 2 222 9 340 692 41 246 881 41 036 754 2 240 99030.08 2 227 2 211 9 284 691 41 077 871 40 917 730 2 234 98731.08 2 258 2 223 9 381 694 41 574 884 41 408 729 2 255 99703.09 2 265 2 236 9 424 692 41 731 884 41 555 743 2 268 1 00204.09 2 248 2 227 9 364 690 41 461 880 41 306 725 2 260 99705.09 2 261 2 228 9 388 690 41 627 870 41 501 718 2 261 1 001134


WSE Main ListIndex values in 2012 (points) (contd.)SessionWIG-WIG- WIG- WIG-WIG20 mWIG40 sWIG80WIG(dd.mm)PlusCEE Poland Ukraine RESPECT WIGdiv06.09 2 297 2 236 9 423 690 42 135 858 42 016 726 2 280 1 01207.09 2 317 2 260 9 482 691 42 504 865 42 399 721 2 309 1 02010.09 2 335 2 266 9 462 692 42 764 863 42 669 719 2 325 1 02611.09 2 353 2 274 9 405 694 43 011 874 42 919 711 2 339 1 03112.09 2 347 2 285 9 419 694 42 982 872 42 900 710 2 344 1 02813.09 2 354 2 280 9 421 697 43 047 873 42 950 716 2 336 1 02914.09 2 417 2 326 9 515 704 44 089 899 44 019 713 2 400 1 05017.09 2 403 2 319 9 553 706 43 897 898 43 806 726 2 397 1 04918.09 2 405 2 322 9 616 706 43 968 899 43 900 719 2 409 1 04819.09 2 417 2 328 9 681 711 44 174 892 44 123 716 2 417 1 05220.09 2 387 2 313 9 672 709 43 737 893 43 701 700 2 388 1 04721.09 2 380 2 322 9 724 717 43 701 889 43 665 697 2 385 1 04524.09 2 367 2 320 9 743 715 43 526 888 43 479 703 2 371 1 03625.09 2 382 2 342 9 781 720 43 822 891 43 775 707 2 385 1 04326.09 2 357 2 339 9 730 717 43 462 889 43 392 712 2 369 1 03127.09 2 376 2 346 9 821 717 43 763 886 43 711 710 2 392 1 03628.09 2 371 2 353 9 851 719 43 740 880 43 698 712 2 392 1 03301.10 2 400 2 373 9 899 720 44 183 883 44 143 721 2 413 1 04602.10 2 399 2 380 9 983 723 44 232 892 44 172 732 2 413 1 04403.10 2 389 2 380 9 964 726 44 096 880 44 051 727 2 410 1 04104.10 2 370 2 374 9 973 728 43 840 881 43 777 732 2 393 1 03305.10 2 411 2 406 10 095 732 44 525 890 44 461 739 2 423 1 04908.10 2 401 2 402 10 112 733 44 377 885 44 305 735 2 414 1 04409.10 2 376 2 403 10 043 732 44 027 867 43 985 721 2 402 1 03710.10 2 392 2 403 10 017 729 44 234 878 44 203 708 2 402 1 03911.10 2 394 2 395 9 995 732 44 225 880 44 184 712 2 400 1 03812.10 2 376 2 390 10 009 733 43 988 883 43 935 712 2 399 1 03315.10 2 377 2 405 10 009 730 44 051 879 44 017 708 2 410 1 03416.10 2 398 2 434 10 088 733 44 441 869 44 428 712 2 421 1 04317.10 2 392 2 436 10 051 734 44 354 875 44 329 711 2 386 1 03518.10 2 398 2 467 10 093 739 44 550 881 44 507 715 2 395 1 04119.10 2 350 2 422 10 029 736 43 759 896 43 671 714 2 345 1 02322.10 2 351 2 417 9 970 736 43 729 900 43 629 716 2 338 1 02323.10 2 310 2 408 9 886 730 43 146 900 43 033 711 2 307 1 00824.10 2 322 2 412 9 885 731 43 305 896 43 200 710 2 315 1 01125.10 2 329 2 406 9 848 731 43 375 901 43 283 712 2 327 1 01126.10 2 320 2 406 9 843 733 43 264 898 43 176 708 2 322 1 00729.10 2 316 2 400 9 812 736 43 177 890 43 103 699 2 316 1 00330.10 2 323 2 393 9 785 737 43 240 887 43 179 697 2 324 1 00631.10 2 318 2 408 9 819 744 43 232 890 43 157 702 2 322 1 00402.11 2 346 2 401 9 827 746 43 582 881 43 544 689 2 337 1 02005.11 2 344 2 409 9 789 746 43 568 891 43 526 687 2 331 1 021135


Fact Book 2013Index values in 2012 (points) (contd.)SessionWIG-WIG- WIG- WIG-WIG20 mWIG40 sWIG80WIG(dd.mm)PlusCEE Poland Ukraine RESPECT WIGdiv06.11 2 343 2 424 9 775 746 43 601 886 43 573 681 2 346 1 01607.11 2 325 2 410 9 720 742 43 304 887 43 268 679 2 334 1 00908.11 2 338 2 402 9 686 741 43 429 884 43 400 674 2 333 1 01609.11 2 324 2 398 9 683 737 43 210 862 43 196 668 2 320 1 00812.11 2 335 2 397 9 685 741 43 369 859 43 374 661 2 337 1 01313.11 2 354 2 396 9 661 739 43 610 865 43 623 662 2 356 1 01714.11 2 367 2 401 9 760 740 43 826 860 43 853 662 2 372 1 02215.11 2 372 2 388 9 746 739 43 846 876 43 861 655 2 372 1 02616.11 2 368 2 384 9 732 735 43 773 865 43 801 645 2 374 1 02919.11 2 404 2 415 9 773 741 44 369 856 44 425 645 2 414 1 03920.11 2 405 2 434 9 778 741 44 439 846 44 521 637 2 422 1 04121.11 2 386 2 443 9 765 741 44 218 836 44 308 631 2 412 1 03322.11 2 374 2 452 9 810 744 44 122 833 44 214 635 2 402 1 02823.11 2 398 2 450 9 822 745 44 437 837 44 516 639 2 412 1 03726.11 2 406 2 467 9 851 744 44 603 838 44 691 641 2 419 1 04027.11 2 407 2 480 9 848 744 44 655 844 44 719 657 2 421 1 04228.11 2 402 2 486 9 883 742 44 605 844 44 660 661 2 414 1 03729.11 2 411 2 490 9 956 749 44 788 848 44 840 661 2 426 1 04230.11 2 422 2 507 9 969 757 45 015 855 45 070 657 2 435 1 05203.12 2 443 2 500 9 990 760 45 293 864 45 337 659 2 453 1 05704.12 2 458 2 520 10 040 759 45 566 855 45 646 646 2 459 1 06905.12 2 469 2 537 10 057 761 45 773 851 45 858 653 2 474 1 07106.12 2 485 2 538 10 163 762 46 020 836 46 139 650 2 502 1 07207.12 2 451 2 534 10 143 763 45 538 833 45 643 650 2 466 1 05710.12 2 477 2 539 10 168 763 45 892 834 45 985 659 2 487 1 06411.12 2 513 2 573 10 271 767 46 517 843 46 626 672 2 539 1 07512.12 2 525 2 578 10 311 768 46 718 847 46 842 667 2 539 1 08013.12 2 519 2 583 10 301 770 46 654 844 46 777 666 2 541 1 07914.12 2 537 2 587 10 310 768 46 913 841 47 052 667 2 560 1 08517.12 2 552 2 585 10 294 766 47 089 840 47 230 670 2 575 1 08818.12 2 576 2 594 10 294 764 47 457 848 47 617 662 2 604 1 09519.12 ▲2 603 ▲2 626 10 348 762 ▲47 921 843 ▲48 093 661 ▲ 2 636 1 10520.12 2 594 2 607 10 243 757 47 702 842 47 896 656 2 619 1 10421.12 2 583 2 567 10 313 761 47 480 839 47 697 640 2 597 1 10127.12 2 601 2 556 10 377 766 47 673 831 47 941 643 2 613 ▲ 1 10628.12 2 583 2 553 10 444 770 47 461 833 47 710 645 2 591 1 103▲ All-year high for 2012 ▼ All-year low for 2012136


WSE Main ListInvestorsAt the end of 2012 the number of investmentaccounts at various brokerage officesand houses reached 1.5 million.Regular studies conducted by the WSE offerinformation on the structure of its investors.The 2012 results show that foreign investorshad the highest share in Main List trading(48%), followed by domestic institutionalinvestors (34%) and individual investors(18%). For the second time in the historyof those studies the previous year’s resultremained virtually the same one year later.Individual investors account for the largestshare of derivatives trading. They generated47% of trading in futures contractsand 50% in options. Domestic institutionalinvestors were responsible for 36% of thefutures trading volume and 39% of optionstrading whereas foreign investors generated17% of futures trading and 11% of optionstrading. There have been no changesin the geographical origin of foreign brokersor in types of domestic financial institutionswhich trade in equities. Brokers from the UKprevail among foreign investors whereasinvestment funds and open-end pensionfunds represent the largest groups amongdomestic institutions.Investor structure (% share in trading)Investors Instruments 2012 2011 2010 2009 2008Foreign shares 48 47 47 36 43futures contracts 17 16 14 11 10options 11 24 12 4 12Domestic individual shares 18 18 19 27 18futures contracts 47 46 50 52 53options 50 64 60 65 58Domestic institutional shares 34 35 34 37 39futures contracts 36 38 36 37 37options 39 12 28 31 30137


Fact Book 2013Investor structure – share in WSE Main List trading in 2012 – Equities18%Domestic individual investors34%Domestic institutional investors48%Foreign investorsInvestor structure – share in WSE trading in 2012 – Futures contracts47%Domestic individual investors36%Domestic institutional investors17%Foreign investors138


WSE Main ListInvestor structure – share in WSE trading in 2012 – Options50%Domestic individual investors39%Domestic institutional investors11%Foreign investorsSecuritySecurity of funds accumulated on investmentaccounts is guaranteed under the investorcompensation scheme, managed bythe National Depository for Securities (NDS)and supervised by the Polish Financial SupervisionAuthority (PFSA). The schemeaims to provide additional protection for investors’assets registered on accounts andto compensate for the value of lost securitiesand proprietary rights to which investors areentitled as part of compensation for assets.Under the scheme, investors receive compensationfor assets accumulated on theiraccounts up to a limit set by law in case theentity which maintained their account (e.g. abrokerage house) goes bankrupt. This solutionis in line with the current EU legislation.The scheme is funded from annual fees paidby brokerage houses and banks which managesecurities accounts. Participation in thescheme is obligatory for those entities.TaxationCapital gains earned by Polish natural personsare taxed at a flat rate of 19%. Thesame rate applies to capital gains earned bylegal persons.Foreign investors are generally subject tothe same regulations as domestic ones,with their tax obligations being additionallyregulated by the respective double taxationavoidance treaties. Pursuant to such treaties,income realised by foreign investors onthe WSE is taxed according to their countryof residence (domicile). However, in order totake advantage of those provisions, foreigninvestors must produce a certificate of taxresidence, otherwise their income will betaxed in Poland (at a rate of 19%).139


Fact Book 2013WSE Listing Process – Regulated MarketThe essential legal act which regulates the offeringand introduction of shares to tradingon a regulated market is entitled the Act onPublic Offering, Conditions Governing the Introductionof Financial Instruments to OrganisedTrading, and on Public Companies, of 29July 2005, with subsequent amendments. Anotherimportant document is the CommissionRegulation (EC) No. 809/2004 of 29 April 2004which concerns information to be included inprospectuses. Attention must also be drawnto the WSE internal regulations, including theWSE Rules which define, inter alia, terms andconditions under which financial instrumentsare admitted and introduced to trading, aswell as fees payable by issuers in connectionwith their WSE-quoted instruments.The following section outlines the steps to betaken by a company which plans a listing onthe Warsaw Stock Exchange. Shares listed on the WSE may be issuedonly by joint stock companies. This doesnot exclude entities with any other legalstatus, however their owners need toeither transform the prospective issuerinto a joint stock company or establisha joint stock company and contribute thenecessary assets. As a next step, the General ShareholdersMeeting should adopt a resolutionapproving a public offering (or a new issue)of shares, dematerialisation of theshares, and an application for admissionof the shares to trading on the regulatedmarket. Once the decision to apply for admissionto trading on the regulated market hasbeen adopted, the company will needto prepare a relevant information document(prospectus or offering memorandum)and work with the following entitiesduring the process: an auditor, who will audit the company’sfinancial statements and convertthem into a format that allows year-toyearcomparability, a brokerage house, which will offerthe company’s shares for sale in a publicoffering.Depending on the issuer’s specific needs,legal and financial advisors may be hired,which is a common practice. The detailedcontents of the prospectus are specified inCommission Regulation (EC) No. 809/2004of 29 April 2004 regarding information containedin prospectuses. Prior to an IPO, acompany may also sign an agreement withan underwriter to secure the issue against apotential failure. Next, the company will need to submitan application for the approval of its prospectusto the Polish Financial SupervisionAuthority (PFSA). The PFSA maycommunicate its comments on the prospectusand, once they have been incorporatedin the final draft, the PFSA willdecide whether to approve the prospectus. At this stage, the public offering mayproceed. Rights to shares (PDA) may betraded on the WSE after the shares of anew issue have been allocated but notyet registered. Once the offering has been closed, thecompany will submit an application forthe admission of shares (or, possibly,also rights to shares which may be tradedbetween allotment and registrationdates) to trading on the main or the parallelmarket. The application must include,inter alia, of the approved prospectus. Once the National Depository for Securitieshas made a decision regarding registration,the company applies to the WSEManagement Board for the shares to be140


WSE Main Listintroduced to trading on either the mainor the parallel market. The WSE ManagementBoard will then specify the tradingsystem and the date of the first tradingsession (market floatation).Selected terms of admission for shares on the regulated marketShares to be admitted to trading (on the main or parallel market) should meet the following criteria:– The required information document has been prepared and approved by the competent regulator (PFSA), or an informationdocument has been prepared and its equivalence with the requirements of the Act on Public Offering has beenestablished, unless such preparation or approval is not required;– Marketability of shares is not restricted;– No insolvency or liquidation proceedings are in progress against the issuer’s enterprise;– Capitalisation of the company (i.e. all issuer’s shares multiplied by the anticipated market price) should be equal to orhigher than the PLN equivalent of EUR 15,000,000 (except issuers which had at least one issue of shares in trading onanother regulated market or on NewConnect for at least 6 months, with the required capitalisation of EUR 12,000,000);– Shareholders, each of whom holds less than 5% votes at the issuer’s General Meeting, hold at least:– 15% of shares covered by the application,– 100,000 shares worth min. EUR 1,000,000, calculated at the most recent selling price or issue price,– shares are held by such a number of shareholders which enables liquid trading on the stock exchange.When submitting an application for admission, the issuer is under the obligation to provide the WSE with a document called‘an investment company’s opinion’ regarding the issuer’s adherence to the listing requirements on either the main or theparallel market.Shares may be admitted to trading on the main floor provided that they additionally meet the requirements specifiedin the Finance Minister’s ordinance of 12 May 2010, i.e.:– All shares covered by the admission application are of the same type;– Either shareholders, each of whom holds less than 5% votes at the issuer’s General Meeting, hold at least 25% of sharescovered by the admission application, or shareholders, each of whom holds less than 5% votes at the issuer’s GeneralMeeting, hold at least 500,000 shares in the company, with the total value representing the PLN equivalent of at leastEUR 17,000,000 (if this requirement is not met, shares may nevertheless be admitted if the WSE Management Boarddecides that the number of shares in the application, the manner of subscription or the manner of sale offers reasonableassurance that trading in those shares on the main market will be liquid);– The issuer has published financial statements accompanied by an opinion from a certified auditor for at least threesubsequent financial years preceding the application.When reviewing an application for admissionof financial instruments to trading, the ManagementBoard considers the following:• Issuer’s financial standing, current andprojected, in particular the issuer’s profitability,liquidity and debt-servicing ability,as well as other factors which influencethe issuer’s financial performance;• Issuer’s growth prospects, especially thecapacity to carry out investment plans,and available sources of funding;• Experience and qualifications of membersof the issuer’s governing and supervisorybodies;• Terms and conditions under which the securitieswere issued and compliance withthe rules of public trading, as defined inthe joint resolutions adopted by the WSESupervisory Board and the WSE ManagementBoard,• Security of trading and interests of tradingparticipants,Issuers’ applications are completed on aspecial WSE form and filed directly withthe WSE Management Board. Once thecomplete application has been filed, theManagement Board of the Warsaw StockExchange is obligated to adopt a resolutionregarding admission or non-admission ofthe financial instruments concerned within14 days.141


Fact Book 2013Rocznik Giełdowy 2009Rodowód spółek giełdowych* (cd.)Rocznik Giełdowy 2009Listed Rodowód companies spółek by giełdowych*origin*Year RodowódRok Oferty Public offering spółek giełdowych*Held Wchodzące Mixed Mieszana forma Private Prywatne but o Private Prywatne Spółki NIFSkarbu by State by w skład holdings grup ownership własności formerly państwowym become od początku parterowe underlyingRok OfertyPaństwa Treasury Wchodzące Mieszana formakapitałowych state-held Prywatne orodowodzie public Prywatne Spółkiprogramu companiesNFISkarbu w skład grup własności państwowym od początku parteroweExbud PaństwaKableExbudKrosnoKablePróchnikKrosno1991 SwarzędzPróchnikTonsil1991 SwarzędzWedelTonsilWólczankaWedelŻywiecWólczankakapitałowych rodowodzie programu NFIBRE ŻywiecBIGElektrim(Millennium)BREBIG1992 Irena UniversalElektrim(Millennium)Mostostal-1992 Irena Universal-ExportMostostal-Okocim-ExportPolifarb- OkocimMostostal- Efekt-Cieszyn -WarszawaPolifarb- Mostostal- Efekt1993 Sokołów-Cieszyn -WarszawaWBK (BZWBK)1993 SokołówVistulaWBK (BZWBK)Agros VistulaHolding AmerBank Kredyt Bank ESPEBEPE Dom-PlastBSK (DZPOLSKA) Drosed OptimusAgros Holding AmerBank Kredyt Bank ESPEBEPE Dom-PlastDębica Kable BFK Indykpol (GrupaOnet)BSK (DZPOLSKA) Drosed Optimus1994 Jelfa (Elektrim Kable) KrakChemia PPABank (BNPPL)Dębica Kable BFK Indykpol (GrupaOnet)Polifarb-Wrocław Remak (Alma) (Fortis Bank)1994 Jelfa (Elektrim Kable) KrakChemia PPABankRafakoMostostal-ZabrzePolifarb-Wrocław Remak (Alma) (Fortis Bank)RolimpexNovitaRafakoMostostal-Zabrze(Provimi-Rolimpex)ProchemRolimpexNovitaStalexport(Provimi-Rolimpex)ProchemBank Stalexport Gdański KPBP-BICKAnimexBeton Stal ComputerLandBPH (BANKBPH) (BICK) Mostostal- BWR (DBPBC) Budimex (Sygnity)Bank Gdański KPBP-BICK Animex Beton Stal ComputerLand1995 Bytom Mostostal- -Gdańsk PBRElektromontaż- Farm FoodBPH (BANKBPH) Mostostal- BWR (DBPBC) Budimex (Sygnity)Górażdże -Gdańsk Pekpol-Export Zasada Centrum1995 Bytom -GdańskPolfa Kutno (Arksteel)PBR Elektromontaż- Farm FoodPetrobank JutrzenkaGórażdżeStomil Olsztyn(Pointgroup)Pekpol (COLIAN) -Export Zasada Centrum(LG Petro Bank)Polfa Kutno PetrobankJutrzenkaWartaStomil Olsztyn(LG Petro Bank)Elektrobudowa Warta Bank Boryszew IGROUPKęty Komunalny Chemiskór EchoElektrobudowa Bank BoryszewIGROUPOława (Nordea Bank) (4Media) ForteKęty Komunalny ChemiskórEcho1996 Paged Lubawa KompapOława (Nordea Bank) (4Media)FortePolisa ŁDA Ocean1996 Paged LubawaKompapPPWKPLIPolisa ŁDAOceanRelpol(Nomi)PPWK (MIT) PLIBank Handlowy Budimex Poznań BOŚ Relpol Amica Wronki Ampli (Nomi)Bielbaw1997 Świecie Centrostal Gdańsk Apator Atlantis FerrumBank Handlowy Budimex Poznań BOŚ Amica Wronki Ampli Bielbaw(Mondi Świecie) Elektromontaż - Biurosystem Bauma (ULMA) Grajewo1997 Świecie Centrostal Gdańsk (Cogna) Apator Atlantis FerrumHutmen -Warszawa (Stormm) (I&Bsystem) Best Izolacja (Icopal)(Mondi Świecie) Elektromontaż - Biurosystem Bauma (ULMA) GrajewoImpexmetalHutmen -Warszawa (Stormm) (I&Bsystem) Best Izolacja (Icopal)Impexmetal(Calatrava)* W nawiasach podano nazwy spółek, pod jakimi były ostatnio notowane lub są notowane obecnie*Names under which companies were last quoted or are currently quoted are given in brackets.* W nawiasach podano nazwy spółek, pod jakimi były ostatnio notowane lub są notowane obecnie142122122Rok Oferty Wchodzące Mieszana forma Prywatne o Prywatne SpółkiSkarbu w skład grup własności państwowym od początku parterowePaństwa kapitałowych rodowodzie programu NFIKGHM Energoaparatura Brok Mieszko LentexKruszwica Energomontaż-Płd. Elpo (Masters) Strzelec PEPEES1997 Orbis Poligrafia GPRD (Advanced Polifarb Dębicacd. PBK Stomil Sanok Mostostal-Kr. Distribution RopczycePolar Wrocław Unibud Mostostal-Sdl. Solutions) ViscoplastWKSM Unimil (POLIMEXMS) ZEWZREW PozmeatGarbarnia Brzeg(Alchemia)ŁukbutLZPS Protektor(Protektor)MilmetMorlinyPolnaPonar--WadowiceSanwilStomilBełchatówWafapompWistilElektrociepłownia- Budopol Wrocław Bank Cersanit AMS Garbarnia Brzeg-Będzin Delia Częstochowa Elzab AS Motors (Alchemia)Kopex Ekodrob Energopol (Triton ŁukbutMennica Energomontaż-Płn. Famot Pleszew Development) LZPS ProtektorPaństwowa Instal Lublin Hydrobudowa- Apexim MilmetBank Pekao Manometry -Gdańsk Bakoma MorlinyTelekomunikacja Odlewnie Polskie Hydrobudowa- Compensa PolnaPolska ZEG -Śląsk Euro Bud Inwest Ponar-1998 Hydrotor Gant -WadowiceJarosław Howell SanwilKoło Groclin StomilMostostal-Płock Medicinies (PGF) BełchatówPermedia Murawski Holding WafapompWawel Muza WistilWFM Oborniki Pia PiaseckiProkomSoftbank(Asseco Poland)SuwaryTIMWilbo SeafoodYawal System (Yawal) (Alpras)PKN TUP Centrozap Agora PekabexPemug Caspol (Fon) SkotanPolnord ClifNaftobudowa ComarchInstal Kraków CSSProjprzem FarmacolPollena Ewa Leta1999 KZWM LTLMitexOrfePażur


Główny WSE Main Rynek List GPWRodowód Listed companies spółek by giełdowych* origin* (contd.) (cd.)Year Rok Oferty Public offering Wchodzące HeldMieszana Mixed forma Private Prywatne but o Prywatne PrivateSpółki NIFSkarbu by State w by skład holdings grup własności ownership formerly państwowym od become początku parterowe underlyingPaństwa Treasury kapitałowych state-held rodowodzie publicprogramu companiesNFIKGHM Energoaparatura Brok Mieszko LentexKruszwica Energomontaż-Płd. Elpo (Masters) Strzelec PEPEES1997 Orbis Poligrafia GPRD (Advanced Polifarb Dębicacd. PBK Stomil Sanok Mostostal-Kr. Distribution RopczycePolar Wrocław Unibud Mostostal-Sdl. Solutions) ViscoplastWKSM Unimil (POLIMEXMS) ZEWZREWPozmeatElektrociepłownia- Budopol Wrocław Bank Cersanit (Rovese) AMS Garbarnia Brzeg-Będzin Delia Częstochowa Elzab AS Motors (Alchemia)Kopex Ekodrob Energopol (Triton ŁukbutMennica Energomontaż-Płn. Famot Pleszew Development) LZPS ProtektorPaństwowa Instal Lublin (AWBUD)Hydrobudowa- Apexim (Protektor) MilmetBank Pekao Manometry -Gdańsk Bakoma Milmet MorlinyTelekomunikacja Odlewnie Polskie Hydrobudowa- Compensa Morliny PolnaPolska ZEG -Śląsk Euro Bud Inwest Polna Ponar-1998 Hydrotor Gant Ponar-WadowiceJarosław Howell (KCI) SanwilKoło Groclin Sanwil StomilMostostal-Płock Medicinies (PGF)(PELION)Stomil BełchatówPermedia Murawski Holding Wafapomp BełchatówWawel Muza Wafapomp WistilWFM Oborniki Pia PiaseckiProkomWistilGłówny Rynek GPWGłówny Rynek GPWRodowód spółek giełdowych* (cd.)Rodowód spółek giełdowych* (cd.)Rok Oferty Wchodzące Mieszana forma Prywatne o Prywatne SpółkiSkarbu w skład grup własności państwowym od początku parterowePaństwa Rok kapitałowych Oferty Wchodzące rodowodzie Mieszana forma Prywatne o programu Prywatne NFI SpółkiSkarbu w skład grup własności państwowym od początku parterowePaństwa kapitałowych rodowodzie programu NKGHM Energoaparatura Brok Mieszko LentexKruszwica Energomontaż-Płd. Elpo (Masters) Strzelec PEPEES1997 Orbis Poligrafia GPRD (Advanced Polifarb DębicaKGHM Energoaparatura Brok Mieszko LentexKruszwica Energomontaż-Płd. Elpo (Masters) Strzelec PEPEES1997 Orbis Poligrafia GPRD (Advanced Polifarb Dębcd. PBK Stomil Sanok Mostostal-Kr. Distribution RopczycePolar Wrocław Unibud Mostostal-Sdl. Solutions) Viscoplastcd. PBK Stomil Sanok Mostostal-Kr. Distribution RopczycePolar Wrocław Unibud Mostostal-Sdl. Solutions) ViscoplastWKSM Unimil (POLIMEXMS) ZEWWKSM Unimil (POLIMEXMS) ZEWZREW PozmeatElektrociepłownia- Budopol Wrocław Bank Cersanit AMS Garbarnia BKopex Ekodrob Energopol (Triton Łukbut-Będzin Delia Częstochowa Elzab AS Motors (Alchemia)Mennica Energomontaż-Płn. Famot Pleszew Development) LZPS ProtektorKopex Ekodrob Energopol (Triton ŁukbutPaństwowa Instal Lublin Hydrobudowa- Apexim (Protektor) MilmetMennica Energomontaż-Płn. Famot Pleszew Development) LZPS ProtekBank Pekao Manometry -Gdańsk Bakoma Milmet MorlinyPaństwowa Instal Lublin Hydrobudowa- Apexim (Protektor) MilmetTelekomunikacja Odlewnie Polskie Hydrobudowa- Compensa Morliny PolnaBank Pekao Manometry -Gdańsk Bakoma Milmet MorlinyPolska ZEG -Śląsk Euro Bud Inwest Polna Ponar-Telekomunikacja Odlewnie Polskie Hydrobudowa- Compensa Morliny Polna1998 Hydrotor Gant Ponar- -WadowicePolska ZEG -Śląsk Euro Bud Inwest Polna Ponar-Jarosław Howell Sanwil -Wadowice1998 Hydrotor Gant Ponar- -WadowKoło Groclin Sanwil StomilJarosław Howell Sanwil -WadowMostostal-Płock Medicinies (PGF) Stomil BełchatówKoło Groclin Sanwil StomilPermedia Murawski Holding Wafapomp BełchatówMostostal-Płock Medicinies (PGF) Stomil BełchaWawel Muza Wafapomp WistilPermedia Murawski Holding Wafapomp BełchaWistilWawel Muza Wafapomp WistilWistilSoftbank(Asseco Poland)SuwaryTIMWilbo SeafoodYawal System (Yawal) (Alpras)PKN TUP Centrozap (Ideon) Agora PekabexPemug Caspol (Fon) SkotanPolnord ClifNaftobudowa ComarchInstal Kraków CSSProjprzem FarmacolPollena Ewa Leta1999 KZWM LTLMitexOrfePażurProsperStGroupTU EuropaSter-Projekt(ABG Ster-Projekt)Szeptel (MNI )Kogeneracja Stalprofil Beef-San EFL Fasing2000 MPEC Wrocław (PBS FINANSE) Krakbrokers(Fortum Wrocław)Macrosoft(Macrologic)ZREW PozmeatGarbarnia Brzeg(Alchemia)ŁukbutLZPS ProtektorElektrociepłownia- Budopol Wrocław Bank Cersanit AMS Garbarnia Brzeg-Będzin Delia Częstochowa Elzab AS Motors (Alchemia)* W nawiasach podano nazwy spółek, pod jakimi były ostatnio notowane lub są notowane obecnie*Names under which companies were last quoted or are currently quoted are given in brackets.WFM Oborniki Pia PiaseckiProkomSoftbank(Asseco Poland)SuwaryTIMWFM Oborniki Pia PiaseckiProkomSoftbank(Asseco Poland)SuwaryTIMWilbo Seafood143123Yawal System (Yawal) (Alpras) Wilbo SeafoodPKN TUP Centrozap Agora PekabexYawal System (Yawal) (Alpras)


Fact Book 2013Rocznik Giełdowy 2009Listed Rodowód companies spółek by giełdowych* origin* (contd.) (cd.)Year Public offering HeldMixedby State by holdings ownershipTreasuryRok Oferty Wchodzące Mieszana forma Private Prywatne but o Private Prywatne Spółki NIFSkarbu w skład grup własności formerly państwowym become od początku parterowe underlyingPaństwa kapitałowych state-held rodowodzie publicprogramu companiesNFINetia2000 Simplecd.TalexWandalexPUE (ZPUE)Getin.pl (Getin) ElkopHoga.pl (Wasko)LPP2001 MCI ManagmentTras Tychy (Trion)(KB Dom)Interia.plGkiOptimus (CDRED)Eldorado (Emperia)2002 Telmax (Spin)KrukEmaxBACADudaHoop (Kofola)2003 ImpelRedanŚnieżkaWSiP Globe Trade Centre Borsodchem RT. ATM Grupa Dwory (Synthos)PKOBP TVN FAM - Technika PlastboxOdlewnicza BetacomPekaesDGAMOLTechmexInter CarsJC AutoArtmanHygienikaSM Media (Mediatel)Broker FMCeramika Nowa Gala2004 Elstar OilsPBGCapital PartnersComp Rzeszów(Assecopol)ATMSwissmedTorfarm (Neuca)KoelnerCCCPratermPolcoloritIvax CorporationBMP AktiengesellschaftDrozapol-ProfilEurofaktor (Gremisltn)* W nawiasach podano nazwy spółek, pod jakimi były ostatnio notowane lub są notowane obecnie*Names under which companies were last quoted or are currently quoted are given in brackets.144124


Główny WSE Main Rynek List GPWRodowód Listed companies spółek by giełdowych* origin* (contd.) (cd.)Year Rok Oferty Public offering Wchodzące HeldMieszana Mixed forma Private Prywatne but o Prywatne PrivateSpółki NIFSkarbu by State w by skład holdings grup własności ownership formerly państwowym od become początku parterowe underlyingPaństwa Treasury kapitałowych state-held rodowodzie publicprogramu companiesNFICiech Bioton Barlinek Ambra (Alterco) ŚrubexLotos Novitus Opoczno AmRest Holdings ŚrubexPGNiG Polmos Lublin Atlanta PolandPolice Zetkama CompPolmos Białystok ZTS DecoraPuławy Ząbkowice-Erg EMC Instytut MedycznyZelmer (Erg) EurocashGraal2005 IDM (DM IDM)JagoLena LightingPC GuardPEPSkyEuropeSprayTellTetaToora PolandTravelplanet.plVariantRuch Interferie CEZ North Coast FamurCash FlowSfinksEurofilms (Ergis)Bankier.plPamapolMispolGino RossiIntersport PolskaeCardInwest ConsultingActionQumak-SekomAstarta HoldingHyperionOne-2-OneUnima 20002006 ABEuromark PolskaAsseco SlovakiaDom DevelopmentNetmediaMultimedia PolskaHTL StrefaFotaGłówny Rynek GPWRodowód spółek giełdowych* (cd.)Rok Oferty Wchodzące Mieszana forma Prywatne o Prywatne SpółkiSkarbu w skład grup własności państwowym od początku parterowePaństwa kapitałowych rodowodzie programu NFIKGHM Energoaparatura Brok Mieszko LentexKruszwica Energomontaż-Płd. Elpo (Masters) Strzelec PEPEES1997 Orbis Poligrafia GPRD (Advanced Polifarb Dębicacd. PBK Stomil Sanok Mostostal-Kr. Distribution RopczycePolar Wrocław Unibud Mostostal-Sdl. Solutions) ViscoplastWKSM Unimil (POLIMEXMS) ZEWZREW PozmeatGarbarnia Brzeg(Alchemia)ŁukbutLZPS Protektor(Protektor)MilmetMorlinyPolnaPonar--WadowiceSanwilStomilElektrociepłownia- Budopol Wrocław Bank Cersanit AMS Garbarnia Brzeg-Będzin Delia Częstochowa Elzab AS Motors (Alchemia)Kopex Ekodrob Energopol (Triton ŁukbutMennica Energomontaż-Płn. Famot Pleszew Development) LZPS Protektor(Investcon)Żurawie Wieżowe (Gastelzur)(HERKULES)Cinema CityBakallandArteriaMonnari TradeCEDCLSI SoftwarePegas NonwovensEurotel* W nawiasach podano nazwy spółek, pod jakimi były ostatnio notowane lub są notowane obecnie*Names under which companies were last quoted or are currently quoted are given in brackets.Państwowa Instal Lublin Hydrobudowa- Apexim MilmetBank Pekao Manometry -Gdańsk Bakoma MorlinyTelekomunikacja Odlewnie Polskie Hydrobudowa- Compensa PolnaPolska ZEG -Śląsk Euro Bud Inwest Ponar-1998 Hydrotor Gant -WadowiceJarosław Howell SanwilKoło Groclin StomilMostostal-Płock Medicinies (PGF) BełchatówPermedia Murawski Holding Wafapomp BełchatówWafapompWistilWawel Muza WistilWFM Oborniki Pia PiaseckiProkomSoftbank(Asseco Poland)SuwaryTIMWilbo SeafoodYawal System (Yawal) (Alpras)145125PKN TUP Centrozap Agora PekabexPemug Caspol (Fon) SkotanPolnord ClifNaftobudowa Comarch


Fact Book 2013Rocznik Giełdowy 2009Listed Rodowód companies spółek by giełdowych* origin* (contd.) (cd.)Year Public offering HeldMixedby State by holdings ownershipTreasuryRok Oferty Wchodzące Mieszana forma Private Prywatne but o Private Prywatne Spółki NIFSkarbu w skład grup własności formerly państwowym become od początku parterowe underlyingPaństwa kapitałowych state-held rodowodzie publicprogramu companiesNFIAsseco Krakowska ABM Solid Izolacja-JarocinBusiness Solutions Fabryka Armatur Automotive KPPDElektrotim Bipromet Components MewaHydrobudowa Rafamet Europe Orzeł BiałyWłocławek Resbud Arcus Orzeł(Hydrobudowa POL-MOT ASBISc Enterprises RadpolPolska) Warfama B3System ZUK StąporkówKrakchemia Zastal Bomi ZNTK w ŁapachLC CorpBudvar CentrumMOJCity InteractiveNoble Bank (Getinoble)ComplexPetrolinvestCP EnergiaPol-AquaDROPEuropejski FunduszHipotecznyEnergoinstalErbudES-SYSTEMGadu-GaduGrupa FinansowaPremium (PRAGMAFA)Ventus (Hawe)HelioImmoeastInteger.plINTROLInfovide-Matrix2007 J.W.ConstructionKAREN NOTEBOOK (CCENERGY)Kernel HoldingGrupa Kolastyna (MIRACULUM)KomputrronikKonsorcjum StaliKREDYT INKASOMagellanMakarony PolskieMakrumMercorNepentesNTT SystemOlympic Entertainment GroupOponeo.plOrco Property GroupP.A. NovaPlaza CentersPolRestPrima ModaProcadPronox TechnologyQuantum SoftwareRainbow ToursReinhold PolskaRonson Europe* W nawiasach podano nazwy spółek, pod jakimi były ostatnio notowane lub są notowane obecnie*Names under which companies were last quoted or are currently quoted are given in brackets.146126


Główny WSE Main Rynek List GPWRodowód Listed companies spółek by giełdowych* origin* (contd.) (cd.)Year Rok Oferty Public offering Wchodzące HeldMieszana Mixed forma Private Prywatne but o Prywatne PrivateSpółki NIFSkarbu by State w by skład holdings grup własności ownership formerly państwowym od become początku parterowe underlyingPaństwa Treasury kapitałowych state-held rodowodzie publicprogramu companiesNFISeco/WarwickSekoPTA Group (Silvano)Pani Teresa Medica2007 TelForceOnecd.UniCredit ItalianoWarimpexWieltonWola InfoZakłady Azotowe Chemoservis-Dwory Trakcja Polska Atlas Estates IZNS Iława (Kania)w Tarnowie Unibep Optopol TechnologyEnea Zremb-Chojnice ZM Herman (IF Capital)Centrozap Skyline InvestmentPower MediaWojasHardex (Libra)Selena FMBelvedereK2 InternetCyfrowy PolsatCAM MEDIA2008 SKOKNew World ResourcesDrewexGrupa Kościuszko (Poljadło)Pozbud T&RMarvipolSonelPZ CormayAD. DrągowskiAtremM.W. TradeMirbudAnti (Greeneco)* W nawiasach Bogdankapodano nazwy Assecosee spółek, pod jakimi były ostatnio notowane Centklima lub są notowane obecniePGEBumechVindexusAplisensIpopema2009DelkoArcticPatentusPccinterIntakusPZUTAURONPEGPWKOVABCDATADSSEKOHOLDFASTFINFERROBERLINGPRAGMA2010LSTCAPITARANKPROTESGASHARPEROTMUCHOWZUE*Names under which companies were last quoted or are currently quoted are given in brackets.147127


Fact Book 2013Rocznik Giełdowy 2009Listed Rodowód companies spółek by giełdowych* origin* (contd.) (cd.)Year Rok Oferty Public offering Held Wchodzące Mixed Mieszana forma Private Prywatne but o Private Prywatne Spółki NIFSkarbu by State by w skład holdings grup ownership własności formerly państwowym become od początku parterowe underlyingPaństwa Treasury kapitałowych state-held rodowodzie publicprogramu companiesNFIAsseco Krakowska ABM OPTEAM Solid Izolacja-JarocinBusiness Solutions Fabryka Armatur Automotive INTERBUD KPPDElektrotim Bipromet POLMED Components MewaHydrobudowa RafametKRECEurope Orzeł BiałyEDINVESTWłocławek Resbud Arcus OrzełFORTUNA(Hydrobudowa POL-MOT ASBIScROBYGEnterprises RadpolPolska) Warfama B3System AGROTON ZUK Stąporków2010Krakchemia Zastal Bomi TRANSPOL ZNTK w Łapachcd.LC CorpBudvar 4FUNMEDIA CentrumMOJCity PTI InteractiveNoble BankComplex MIKILANDPetrolinvestCP VOTUM EnergiaPol-AquaDROPCELTICEKOEXPORTEuropejski FunduszEUCOSADOVAYHipotecznyEnergoinstalBGZIZOSTALBSCDRUKErbudJSWIDEATFIWADEXES-SYSTEMOPENFININPROPBOANIOLAGadu-Gadu MEGARONJHMDEVGrupa AVIASG FinansowaZAMETESTAR PremiumPGODLEWVentus EUIMPLANT (Hawe)QUERCUSHelioKINOPOLImmoeast ADVGRUPAInteger.pl BENEFITINTROL LIBETInfovide-MatrixMILKILAND2007 J.W.ConstructionKSGAGRO2011NEWWORLDR (NEWWORLDN)KAREN NOTEBOOKKRUKKernel NOVAKBM HoldingGrupa ENELMED KolastynaKomputrronik WESTAKonsorcjum OVOSTAR StaliKREDYT AGROWILL INKASOMagellan DMWDMPRESCOMakarony PolskieCOALENERGMakrumACAUTOGAZMercor TOYANepentes IQPARTNERSNTT SOPHARMA SystemOlympic EUROHOLD Entertainment GroupBOWIMGETINOBLEOponeo.pl NOKAUTINTERAOLTOrco VANTAGE Property GroupCZTOREBKAP.A. KRKA NovaSOLARPlaza CentersMOBRUKPolRestWORKSERVPrima MEXPOLSKA Moda2012Procad ATMSIPronox PCCEXOL TechnologyQuantum KDMSHIPNG SoftwareRainbow TATRY ToursReinhold VOXEL PolskaRonsonEXILLONEuropeZEPAKALIOR* W nawiasach podano nazwy spółek, pod jakimi były ostatnio notowane lub są notowane obecnie*Names under which companies were last quoted or are currently quoted are given in brackets.148126


WSE Main ListWSE Partner ProgrammesTo help companies find reliable partners offeringsupport prior to a listing, the WarsawStock Exchange (WSE) runs two dedicatedpartner programmes: WSE IPO Partners toSMEs and WSE IPO Partners – Primary MarketLeaders.The aim of the programmes is to providesupport for organisations which seek toraise inexpensive funds from the publicmarket in collaboration with firms experiencedin floatations of SMEs. WSE Partnerscan be selected from four categories: brokeragehouses, certified auditors, legal firmsand financial advisors.The WSE endeavours to attract foreign issuersin a variety of ways, notably through theWSE IPO Partner Programmes.WSE IPO Partners for SMEsThe logo of ‘WSE IPO Partner for SMEs’ isgranted to investment companies, legalfirms, auditors and financial consultants participatingin IPOs (initial public offerings) ofup to PLN 100 million, where the cost to theissuer (cost of service rendered by the investmentcompany and other advisors) doesnot exceed 5% of the value of the issue andthose issues were floated on the WSE MainList.List of WSE IPO Partners for SMEs(as of February 2013) Brokerage HousesStatutory AuditorsBiuro Maklerskie Banku DnB NORD Polska S.A.www.bmbndnord.plDom Inwestycyjny BRE BANKU S.A.www.brebrokers.com.plDom Maklerski Capital Partners S.A.www.dmcp.com.plMillennium Dom Maklerski S.A.www.millenniumdm.plNOBLE Securities S.A.www.noblesecurities.pTrigon Dom Maklerski S.A.www.trigon.plPKF Consult Sp. z o.o.www.pkfconsult.com.plDORADCA Zespół DoradcówFinansowo-Księgowych Sp. z o.o.www.doradca.lublin.plGRUPA FINANS-SERVISwww.doradca.lublin.plKancelaria Porad Finansowo-Księgowychdr Piotr Rojek Sp. z o.o.www.kpfk.plMoore Stephens Trzemżalski, Krynickii Partnerzy Kancelaria BiegłychRewidentów Sp. z o.o.www.moorestephens.gda.plPOLINVEST-AUDIT Sp. z o.o.www.polinwest-audit.pl149


Fact Book 2013AdAc Sp. z o.o.www.adac.plBDO Sp. z o.o.www.bdo.plGrant Thornton Frąckowiak Sp. z o.o. S.k.www.grantthornton.plREWIT Księgowi i Biegli Rewidenci Sp. z o.o.www.rewit.com.plECA AUXILIUM S.A.www.auxilium.com.plDGA Audyt Sp. z o.o.www.dga.pl/audytLEX-FIN Sp. z o.o.www.audyt.com.plBaker Tilly Poland Audit Sp. z o.o.www.bakertillypoland.eu4Audyt Sp. z o.o.www.4aAudyt.plLaw FirmsKancelaria CSW Więckowska i PartnerzyRadcy Prawniwww.kancelaria-csw.plŁatała i Wspólnicy spółka komandytowawww.latala.com.plKancelaria prof. Marek Wierzbowski i Partnerzy- Adwokaci i Radcowie Prawniwww.wierzbowski.comGIDE LOYRETTE NOUEL Tokarczuk, Jędrzejczyki Wspólnicy Kancelaria Prawna GLN SpółkaKomandytowawww.gide.comForystek & Partnerzy Adwokaci i RadcowiePrawniwww.forystek.plKancelaria Radców Prawnych Oleś & RodzynkiewiczSpółka Komandytowawww.oles.com.plWeil, Gotshal & Manges- Paweł Rymarz Spółka Komandytowawww.weil.comWhite & Case W. Daniłowicz, W. Jurcewiczi Wspólnicy - Kancelaria Prawna sp.kwww.whitecase.plTomasik, Pakosiewicz i Wspólnicy s.k.www.tpw.net.plŁuczyński i Wspólnicy sp.k.Kancelaria Prawniczawww.liwlegal.plFinancial AdvisorsDom Maklerski BZ WBK S.A.www.dmbzwbk.plIDMSA.PL Doradztwo Finansowe Sp. z o.o.www.idmsa.plGoAdvisers S.A. zmieniona nazwa na LetusCapital S.A.www.goadvisers.comBRE Corporate Finance S.A.www.bcf.plDoradztwo dla Polskich PrzedsiębiorstwCorporate Finance Sp. z o.o. Sp.k.www.ddpp.com.plTP Invest Sp. z o.o.www.tpinvest.plINVESTcon GROUP S.A.www.investcongroup.plM&M Doradztwo Gospodarcze Sp. z o.o.www.mm-dg.plDFP Doradztwo Finansowe Sp. z o.o.www.dfp.plCC Group Sp. z o.o.www.ccgroup.com.plNavigator Capital S.A.www.navigatorcapital.plProfesCapital Sp. z o.o.www.profescapital.plCapital One Advisers Sp. z o.o.www.capitalone.plWKB Wierciński, Kwieciński, Baehrwww.wkw.plStolarek & GrabalskiKancelaria Prawnicza Sp. K.www.msag.pl150


WSE Main ListWSE IPO Partners – PrimaryMarket LeadersThe programme is open to investmentcompanies, legal firms, auditors and financialconsultants operating on the primarymarket. Under the programme the WSEauthorises qualified Partners to use the promotionallogo of ‘WSE IPO Partner – PrimaryMarket Leader.’ In order to qualify, the candidatecompany should have executed atleast five IPOs totalling at least PLN 300 million(this includes new issues by WSE listedcompanies which had been floated with thesupport of the candidate company) in eachtwo-year period under consideration. ThePrimary Market Leader title extends to theIPO market as well as the subsequent publicoffers made by listed companies.List of WSE IPO Partners – Primary Market Leaders(as of February 2013)Statutory AuditorsBrokerage HousesBDO Sp. z o.o.www.bdo.plGrant Thornton Frąckowiak Sp. z o.o. S.k.www.grantthornton.plErnst & Young Audit Sp. z o.o.www.ey.com/plPKF Consult Sp. z o.o.www.pkfconsult.plKancelaria Porad Finansowo-Księgowychdr Piotr Rojek Sp. z o.o.www.kpfk.plPricewaterhouseCoopers Sp. z o.o.www.pwc.com/plDom Maklerski PKO Banku Polskiego S.A.www.bdm.pkobp.plUniCredit CA IB Polska SAwww.ca-ib.plMillennium Dom Maklerski S.A.www.millenniumdm.plDom Maklerski IDM S.A.www.idmsa.plDM BZ WBK SAwww.dmbzwbk.plIPOPEMA Securitieswww.ipopema.plLegal AdvisorsKancelaria Radców Prawnych Oleś & RodzynkiewiczSpółka Komandytowawww.oles.com.plKancelaria prof. Marek Wierzbowski i Partnerzy- Adwokaci i Radcowie Prawniwww.wierzbowski.comWeil, Gotshal & Manges - Paweł Rymarz SpółkaKomandytowawww.weil.com151


Fact Book 2013WSE IPO Partner ProgrammeThe Warsaw Stock Exchange has been activelypursuing the concept of turning Warsawinto a trading hub for equities and debtsecurities issued by foreign companies,particularly those from Central and EasternEurope. These efforts have not only led toforeign IPOs on the WSE but also stimulatedincreasing interest in the Polish marketamong foreign entities engaging in brokerageoperations (pursuant to the legislationof their country of domicile) or in other financialand investment-related operations.Their role in providing sales and promotionalsupport for the WSE is now concentratedin the new programme, launched in mid-November2006 under the name of WSE IPOPartner.can be used in efforts to attract issuers; theywill also be allowed to include informationon their WSE-authorised partner status inletters and documents. The Warsaw StockExchange supports its Partners by providingnecessary consultations related to implementationof the Partner Agreement,by ensuring availability of its promotionalpublications and offering an opportunity toparticipate in events organized by the WSEto attract companies interested in havingtheir financial instruments quoted on WSEoperatedmarkets.The following companies joined the WSEIPO Partner Programme in 2012: Asters Law Firm LLC (Ukraine) Group of Companies Pro Capital LL,(Ukraine) Foyil Securities New Europe LLC(Ukraine) UAB FMI Orion Securities (Lithuania) Euro Partners (Israel)At the end of January 2012, a total of 28 organisationsfrom 13 countries participatedin the WSE IPO Partner Programme.The programme provides tangible benefitsfor both the WSE and its IPO Partners. TheWSE obtains active support from local playersin foreign markets who promote theWarsaw Stock Exchange and select companiesinterested in attracting capital throughthe WSE trading floor. A company whichwill be invited to sign a Partner Agreementwith the WSE may use the title of WSE IPOPartner and will receive a relevant supportingcertificate. Under the agreement, IPOPartners will receive a special logo which152


WSE Main ListList of WSE IPO PARTNER Companies(as of February 2013)Altera Finance (Ukraine)www.altera-finance.comSokrat Capital (Ukraine)www.sokrat.kiev.uaFinancial and Analytical GroupPro-Consulting Ltd. (Ukraine)www.pro-consulting.com.uaMillennium Capital LLC (Ukraine)www.mcapital.com.uaUniter Investment Company CJSC (Belarus)www.uniter.byConcorde Capital LLC (Ukraine)www.concorde.com.uaINFIN Financial Services JSC (Turkey)www.infin.com.trPriorbank JSC (Ukraine)www.priorbank.byBalkan Advisory Company IP EAD (Bulgaria)www.bac.bgKreston GCG (Ukraine)www.kreston-gcg.comMarfin CLR (Financial Services) Ltd (Cyprus)www.marfinbank.com.cyAsters Law Firm LLC (Ukraine)www.asterslaw.comGroup of Companies Pro Capital LLC (Ukraine)www.procapital.com.uaEuro Partners Ltd. (Israel)www.europartners.co.ilUAB FMI Orion Securities (Lithuania)www.orion.ltFoyil Securities New Europe LLC (Ukraine)www.foyil.comCyrrus a.s. (Czech Republic)www.cyrrus.czRenaissance Securities LTD (Cyprus)www.rencap.comWedbush Morgan Securities Inc. (USA)www.wedbush.comGuardian Trust Securities SA (Greece)www.guardiantrust.grSilkroutefinancial (UK)www.silroutefinancial.comBelinvestbank (Belarus)www.belinvestbank.byInterCapital Securities Ltd (Croatia)www.intercapital.hrBeiten Burkhardt RechtsanwaltsgesellschaftmbH (Germany)www.bblow.comCJSC Investment Financial CompanyArt-Capital (Ukraine)www.company.art-capital.com.uaAB Finansta Corporate Finance (Lithuania)www.finansta.itInvestment Capital Ukraine LLC (Ukraine)www.icu.uaJoint Stock Company SavingsBank Belarusbank (Belarus)www.belarusbank.by153


Fact Book 2013WSE MembersA WSE member is an entity which has beengranted permission to operate on the WSEand, in particular, to conduct transactions.The authority to grant such permission lieswith the Management Board of the WSE.Under the current rules and regulations, thefollowing entities may become WSE members: an investment firm, as defined in Article3(33) of the Act on Trading in FinancialInstruments, which conducts transactionson its own account or on the accountof its clients; a foreign investment organisation whichdoes not conduct brokerage activitieswithin the Republic of Poland;any other entity which is a participant ofthe National Depository for Securities(NDS) and conducts transactions onlyon its own account; any other entity which is not a participantof the National Depository for Securitiesand which conducts transactionsonly on its own account, providedthat it indicates a NDS participant whichhas committed itself to meeting thetransaction clearing and settlement obligations.All categories of entities may conduct tradingin all financial instruments. The ManagementBoard of the Warsaw Stock Exchangedefines the detailed scope of operations forWSE members.At the end of 2012, a total of 60 organisationsheld the status of a WSE member, outof which 31 were domiciled in Poland and29 were so-called remote members, operatingdirectly from their offices in other countries(located in Austria, Bulgaria, Czech Republic,Cyprus, France, Germany, Hungary,Lithuania, the Netherlands, Romania, Sweden,and the United Kingdom).In 2012, the following two overseas organisationsand one domestic entity weregranted WSE membership and authorisedto perform operations on the WSE: Dom Inwestycyjny XELION Sp. z o.o. Wedbush Europe Ltd. ING Bank N.V.154


WSE Main List Domestic WSE Members(as of 31 December 2012)1. ALIOR BANK S.A.2. BANCO ESPIRITO SANTO DE INVESTIMEN-TO S.A. ODDZIAŁ W POLSCE3. BANK BPH S.A.4. BANK DNB NORD POLSKA S.A.5. BANK GOSPODARKI ŻYWNOŚCIOWEJ S.A6. BANK POLSKA KASA OPIEKI S.A.7. CENTRALNY DOM MAKLERSKI PEKAO S.A.8. COPERNICUS SECURITIES S.A.9. DB SECURITIES S.A.10. DOM INWESTYCYJNY BRE BANKU S.A.11. DOM MAKLERSKI BZ WBK S.A.12. DOM MAKLERSKI IDM S.A.13. DOM MAKLERSKI AMERBROKERS S.A.14. DOM MAKLERSKI BANKU BPS S.A.15. DOM MAKLERSKI BANKU HANDLOWEGOS.A.16. DOM MAKLERSKI BANKU OCHRONYŚRODOWISKA S.A.17. DOM MAKLERSKI BDM S.A.18. ERSTE SECURITIES POLSKA S.A.19. ING SECURITIES S.A.20. IPOPEMA SECURITIES S.A.21. KBC SECURITIES N.V. (SPÓŁKA AKCYJNA)ODDZIAŁ W POLSCE22. MILLENNIUM DOM MAKLERSKI S.A.23. NOBLE SECURITIES SA24. OPERA DOM MAKLERSKI SP. Z O.O.25. POWSZECHNA KASA OSZCZĘDNOŚCIBANK POLSKI S.A.26. TRIGON DOM MAKLERSKI S.A.27. UNICREDIT CAIB POLAND S.A.28. X-TRADE BROKERS DOM MAKLERSKI SA29. RAIFFEISEN BANK POLSKA S.A.30. NWAI DOM MAKLERSKI S.A.31. DOM INWESTYCYJNY XELION SP. Z O.O. Remote WSE Members(end of 2012)1. CONCORDE SECURITIES LTD.2. CREDIT SUISSE SECURITIES (EUROPE) LTD.3. CYRRUS AS4. GOLDMAN SACHS INTERNATIONAL5. HSBC BANK PLC6. IP INTERCAPITAL MARKETS AD7. J.P. MORGAN SECURITIES LTD.8. LIQUIDNET EUROPE LIMITED9. MERRILL LYNCH INTERNATIONAL10. MORGAN STANLEY & CO. INTERNATIONALPLC11. NEONET SECURITIES AB12. NOMURA INTERNATIONAL PLC13. RAIFFEISEN CENTROBANK AG14. RENAISSANCE SECURITIES (CYPRUS) LIM-ITED15. SOCIETE GENERALE SA16. UBS LIMITED17. UNICREDIT BANK AG18. WOOD & COMPANY FINANCIAL SERVICES,AS19. DRAGON CAPITAL (CYPRUS) LIMITED20. EQUILOR INVESTMENT LTD21. UAB FMI ORION SECURITIES22. VTB CAPITAL PLC23. BNP PARIBAS ARBITRAGE SNC24. CARPATICA INVEST SA25. FIO BANKA AS26. SIB (CYPRUS) LIMITED27. WEDBUSH EUROPE LTD28. ING BANK N.V.29. BT SECURITIES S.A.155


Fact Book 2013Exchange Brokersand Supervising BrokersWSE members are obligated to appoint individuals(exchange brokers) who are authorised,on their behalf, to transfer orders to theWSE, modify or cancel orders. WSE membersare also required to appoint individualswho supervise the work of exchange brokers(supervising brokers) and notify suchappointments to the WSE.Market MakersThe role of a market maker (market animator)is to support liquidity of financial instrumentsand to do so as effectively as possible. Thereare two categories of market makers operatingon the Warsaw floor: WSE market makersand issuers’ market makers. A WSE marketmaker is a WSE member or another organisationwhich has signed a contract with theWarsaw Stock Exchange whereby it undertakesto support liquidity of a financial instrumentby undertaking activities on its ownaccount. The WSE market maker performsits obligations in compliance with the WSERules and contractual provisions. The marketmaking contract specifies, in particular, termsand conditions of market making to be metby the WSE market maker with regard to thefinancial instrument concerned. A WSE marketmaker who has no WSE membership operatesthrough a WSE member authorised toact on a client’s account. The Warsaw StockExchange may sign market making contractswith multiple organisations for the same financialinstrument. WSE market makers mayperform their responsibilities for financial instrumentstraded both within the continuoussystem and the single-price auction system.At the end of 2012, a total of 23 WSE members(18 domestic and 5 remote members)were acting as WSE market makers on theMain Market.List of WSE Market Makers(as of 31 December 2012)COPERNICUS SECURITIES S.A.DOM INWESTYCYJNY BRE BANKU S.A.DOM MAKLERSKI BDM S.A.DOM MAKLERSKI BANKU HANDLOWEGOS.A.DOM MAKLERSKI BANKU OCHRONYŚRODOWISKA S.A.DOM MAKLERSKI BZ WBK S.A.DOM MAKLERSKI IDM S.A.IPOPEMA SECURITIES S.A.KBC SECURITIES N.V. (SPÓŁKA AKCYJNA)ODDZIAŁ W POLSCEMILLENNIUM DOM MAKLERSKI S.A.NOBLE SECURITIES S.A.POWSZECHNA KASA OSZCZĘDNOŚCIBANK POLSKI S.A.UNICREDIT CAIB POLAND S.A.NWAI DOM MAKLERSKI S.A.TRIGON DOM MAKLERSKI S.A.DOM MAKLERSKI BANKU BPS S.A.ALIOR BANK S.A.BRE BANK S.A.RAIFFEISEN CENTROBANK AGSOCIETE GENERALE SAUNICREDIT BANK AGWOOD & COMPANY FINANCIAL SERVICES,ASCREDIT SUISSE SECURITIES (EUROPE)LIMITEDAn issuer’s market maker is a WSE memberor other financial institution which, under acontract with an issuer, undertakes to supportliquidity of a specific financial instrument.An issuer’s market maker who has noWSE membership operates through a WSEmember authorised to act on a client’s account.When low liquidity in trading of someinstruments is observed, issuers of suchinstruments may join the Liquidity SupportProgramme. Details of the Programme aregiven in the ‘Companies’ section (page 25).One of the requirements for issuers who jointhe Programme is to sign a market makingcontract with an organisation that wouldact as the issuer’s market maker. The termsand conditions of such contracts should beat least as favourable as the market makingterms defined for WSE market makers.A total of 22 WSE members acted as issuers’market makers on the WSE’s main floor atthe end of 2012 (19 of them domestic and 3remote members).156


WSE Main ListList of Issuer’s Market Makers(as of 31 December 2012)BANK DNB NORD S.A.COPERNICUS SECURITIES S.A.DOM INWESTYCYJNY BRE BANKU S.A.DOM MAKLERSKI BDM S.A.DOM MAKLERSKI AMERBROKERS S.A.DOM MAKLERSKI BANKU BPS S.A.DOM MAKLERSKI BANKU HANDLOWEGOS.A.DOM MAKLERSKI BANKU OCHRONYŚRODOWISKA S.A.DOM MAKLERSKI BZ WBK S.A.DOM MAKLERSKI IDM S.A.KBC SECURITIES N.V. (SPÓŁKA AKCYJNA)ODDZIAŁ W POLSCEPOWSZECHNA KASA OSZCZĘDNOŚCIBANK POLSKI S.A.MILLENNIUM DOM MAKLERSKI S.A.NOBLE SECURITIES S.A.OPERA DOM MAKLERSKI SP. Z O.O.TRIGON DOM MAKLERSKI S.A.UNICREDIT CAIB POLAND S.A.NWAI DOM MAKLERSKI S.A.ALIOR BANK S.A.RAIFFEISEN CENTROBANK AGWOOD & COMPANY FINANCIAL SERVICES,ASUAB FMI ORION SECURITIESStarting from February 2012, the WSE hasbeen running the SuperAnimator TOP7 programmeaimed to boost the liquidity of companieswhich ranked one to seven in theWIG20 ranking. The programme is a followupof the SuperAnimator TOP7 contest whichhad three editions in 2010-2011.157


Fact Book 2013Members’ share in trading in 2012 – Cash marketNo. WSE Member Shares and rights to shares (PDA) BondsOrder-book trades Block trades Order-book trades Block trades(PLN million) (%)(PLN million) (%) (PLN million) (%) (PLN million) (%)1 DM BH 45 833.84 12.22 1 542.45 5.03 421.83 20.65 1.26 2.912 CSSELTD 39 230.18 10.46 1 608.37 5.25 --- --- --- ---3 IPOPEMA 31 263.42 8.33 5 038.65 16.44 23.30 1.14 --- ---4 PKO BP 29 188.32 7.78 6 098.34 19.90 577.05 28.25 27.24 62.905 DM BZ WBK 27 543.53 7.34 943.45 3.08 358.27 17.54 --- ---6 Unicredit Group 24 187.74 6.45 2 291.22 7.47 202.75 9.93 0.00 0.00UNICRCAIB 11 003.43 2.93 1 958.19 6.39 181.32 8.88 --- ---CDM PEKAO 10 206.20 2.72 328.74 1.07 14.30 0.70 --- ---DM PEKAO 2 879.35 0.77 4.29 0.01 --- --- --- ---UNICREDIT BANK AG 98.76 0.03 --- --- --- --- --- ---7 ING SECUR 21 697.30 5.78 1 442.70 4.71 73.07 3.58 --- ---8 DI BRE Banku 19 246.89 5.13 728.53 2.38 41.87 2.05 0.23 0.539 KBC SECURITIES 15 421.90 4.11 74.44 0.24 28.40 1.39 6.77 15.6310 WOOD 14 514.36 3.87 744.28 2.43 0.40 0.02 --- ---11 DB SECUR. 12 994.39 3.46 685.53 2.24 33.48 1.64 --- ---12 BESI 11 933.94 3.18 106.71 0.35 --- --- --- ---13 DM BOŚ SA 7 723.82 2.06 105.86 0.35 6.60 0.32 6.47 14.9414 GOLDMAN 7 101.25 1.89 2 153.31 7.03 --- --- --- ---15 ERSTE 6 896.56 1.84 4 868.43 15.88 62.74 3.07 --- ---16 UBS 6 395.47 1.70 1.85 0.01 --- --- --- ---17 MILL DM 4 143.50 1.10 127.95 0.42 150.76 7.38 1.04 2.4018 JPMORGAN 3 771.98 1.01 --- --- --- --- --- ---19 ALIOR BM 3 735.05 1.00 175.42 0.57 5.77 0.28 0.10 0.2320 SOCIETE 3 575.03 0.95 --- --- --- --- --- ---21 NEONET 3 377.48 0.90 --- --- --- --- --- ---22 DM BPS 3 124.72 0.83 582.05 1.90 5.95 0.29 --- ---23 MERRILL 3 063.98 0.82 --- --- --- --- --- ---24 TRIGON 2 894.92 0.77 181.82 0.59 10.16 0.50 --- ---25 HSBC 2 868.69 0.76 187.87 0.61 --- --- --- ---26 BDM SA 2 668.62 0.71 18.31 0.06 10.74 0.53 0.21 0.4827 RAIFFEISEN 2 618.41 0.70 --- --- --- --- --- ---28 IDMSA 2 597.87 0.69 579.31 1.89 1.68 0.08 --- ---29 NOMURA 2 139.44 0.57 --- --- --- --- --- ---158


WSE Main ListMembers’ share in trading in 2012 – Cash market (contd.)No. WSE Member Shares and rights to shares (PDA) BondsOrder-book trades Block trades Order-book trades Block trades(PLN million) (%)(PLN million) (%) (PLN million) (%) (PLN million) (%)30 NOBLE 1 992.83 0.53 54.21 0.18 0.48 0.02 --- ---31 BNP PARIBAS 1 967.93 0.52 --- --- --- --- --- ---32 MORGAN 1 638.90 0.44 --- --- --- --- --- ---33 XTB 1 610.83 0.43 --- --- 0.34 0.02 --- ---34 BPH 1 393.73 0.37 3.89 0.01 0.98 0.05 --- ---35 OPERA 900.77 0.24 1.99 0.01 --- --- --- ---36 BGŻ SA 853.55 0.23 0.87 --- 10.02 0.49 --- ---37 AMERBROKERS 753.82 0.20 7.08 0.02 7.46 0.37 --- ---38 COPERNICUS 494.54 0.13 11.84 0.04 --- --- --- ---39 DNB NORD 399.92 0.11 32.39 0.11 8.21 0.40 --- ---40 CONCORDE 355.54 0.09 --- --- --- --- --- ---41 EQUILOR 336.39 0.09 --- --- --- --- --- ---42 VTB CAPITAL 266.58 0.07 --- --- --- --- --- ---43 RAIFFEISEN BANK POLSKA 211.90 0.06 0.30 --- 0.04 --- --- ---44 DRAGON 124.64 0.03 7.18 0.02 --- --- --- ---45 XELION 25.20 0.01 --- --- --- --- --- ---46 FIO Banka 9.96 --- --- --- --- --- --- ---47 ORION 5.62 --- --- --- --- --- --- ---48 SIB (CYPRUS) 4.94 --- --- --- --- --- --- ---49 CYRRUS 3.86 --- --- --- --- --- --- ---50 BT SECURITIES SA 3.09 --- --- --- --- --- --- ---51 NWAI DM 1.31 --- --- --- --- --- --- ---52 FIO 1.00 --- --- --- --- --- --- ---53 RENAISSANCE 0.45 --- --- --- --- --- --- ---54 INTERCAPITAL 0.22 --- --- --- --- --- --- ---55 CARPATICA 0.11 --- --- --- --- --- --- ---56 LIQUIDNET --- --- 243.36 0.79 --- --- --- ---Total 375 110.24 100.00 30 650.01 100.00 2 042.36 100.00 43.31 100.00159


Fact Book 2013Members’ share in trading in 2012 – Derivatives marketNo. WSE Member Futures contracts OptionsOrder-book trades Block trades Order-book trades Block trades(contracts) (%) (contracts) (%) (options) (%) (options) (%)1 DI BRE Banku 3 195 848 15.65 96 926 12.75 222 733 16.38 17 200 24.362 DM BOŚ SA 3 019 603 14.78 --- --- 296 786 21.82 --- ---3 DM BZ WBK 2 425 236 11.87 11 628 1.53 245 426 18.04 --- ---4 Unicredit Group 1 773 785 8.69 187 354 24.64 121 013 8.90 9 300 13.17CDM PEKAO 869 133 4.26 --- --- 15 445 1.14 --- ---UNICREDIT BANK AG 489 216 2.40 187 354 24.64 84 745 6.23 9 300 13.17DM PEKAO 294 683 1.44 --- --- 20 823 1.53 --- ---UNICRCAIB 120 753 0.59 --- --- --- --- --- ---5 NOBLE 1 595 618 7.81 --- --- 7 918 0.58 --- ---6 ERSTE 1 421 893 6.96 289 668 38.09 1 715 0.13 15 600 22.107 KBC SECURITIES 1 316 164 6.44 22 800 3.00 278 0.02 --- ---8 PKO BP 772 896 3.78 26 352 3.47 128 004 9.41 16 300 23.099 ING SECUR 695 365 3.40 --- --- 9 636 0.71 --- ---10 CSSELTD 621 738 3.04 --- --- --- --- --- ---11 ALIOR BM 561 947 2.75 --- --- 23 730 1.74 --- ---12 BDM SA 449 126 2.20 --- --- 5 351 0.39 --- ---13 DB SECUR. 318 884 1.56 41 388 5.44 9 478 0.70 3 300 4.6714 DM BH 314 412 1.54 49 320 6.49 3 183 0.23 8 300 11.7615 IDMSA 248 200 1.22 --- --- 52 904 3.89 --- ---16 BPH 205 795 1.01 --- --- 8 052 0.59 --- ---17 DM BPS 197 836 0.97 --- --- 4 877 0.36 --- ---18 IPOPEMA 186 152 0.91 34 960 4.60 55 --- --- ---19 MILL DM 166 524 0.82 --- --- 3 200 0.24 --- ---20 TRIGON 160 909 0.79 --- --- 17 878 1.31 --- ---21 AMERBROKERS 159 336 0.78 --- --- 1 070 0.08 --- ---22 SOCIETE 141 515 0.69 --- --- 3 250 0.24 --- ---23 XTB 121 569 0.60 --- --- 140 361 10.32 --- ---24 BGŻ SA 98 770 0.48 --- --- 3 082 0.23 --- ---25 OPERA 78 044 0.38 --- --- 3 941 0.29 600 0.8526 RAIFFEISEN 62 740 0.31 --- --- 43 952 3.23 --- ---27 DNB NORD 62 487 0.31 --- --- 1 325 0.10 --- ---28 RAIFFEISEN BANK POLSKA 21 533 0.11 --- --- 696 0.05 --- ---160


WSE Main ListMembers’ share in trading in 2012 – Derivatives market (contd.)No. WSE Member Futures contracts OptionsOrder-book trades Block trades Order-book trades Block trades(contracts) (%) (contracts) (%) (options) (%) (options) (%)29 XELION 18 598 0.09 --- --- --- --- --- ---30 BESI 8 159 0.04 --- --- --- --- --- ---31 WOOD 3 628 0.02 --- --- 234 0.02 --- ---32 CONCORDE --- --- --- --- --- --- --- ---33 JPMORGAN --- --- --- --- --- --- --- ---34 MORGAN --- --- --- --- --- --- --- ---35 HSBC --- --- --- --- --- --- --- ---36 CYRRUS --- --- --- --- --- --- --- ---37 NEONET --- --- --- --- --- --- --- ---38 FIO --- --- --- --- --- --- --- ---39 GOLDMAN --- --- --- --- --- --- --- ---40 MERRILL --- --- --- --- --- --- --- ---41 LIQUIDNET --- --- --- --- --- --- --- ---42 UBS --- --- --- --- --- --- --- ---43 RENAISSANCE --- --- --- --- --- --- --- ---44 NOMURA --- --- --- --- --- --- --- ---45 INTERCAPITAL --- --- --- --- --- --- --- ---46 DRAGON --- --- --- --- --- --- --- ---47 EQUILOR --- --- --- --- --- --- --- ---48 BNP PARIBAS --- --- --- --- --- --- --- ---49 ORION --- --- --- --- --- --- --- ---50 BT SECURITIES SA --- --- --- --- --- --- --- ---51 VTB CAPITAL --- --- --- --- --- --- --- ---52 SIB (CYPRUS) --- --- --- --- --- --- --- ---53 FIO Banka --- --- --- --- --- --- --- ---54 CARPATICA --- --- --- --- --- --- --- ---55 NWAI DM --- --- --- --- --- --- --- ---56 COPERNICUS --- --- --- --- --- --- --- ---Total 20 424 310 100.00 760 396 100.00 1 360 128 100.00 70 600 100.00161


Fact Book 2013Organisation of Trading2012 was the last complete year of the operationof WARSET, the transaction systemused by the WSE since 2000. On 15 April2013 a new transaction system, UTP (UniversalTrading Platform), will be launched.The key features of WARSET described belowwill remain valid also for the UTP. Thekey functional differences between WAR-SET and UTP, relevant for investors, are describedon pages 171–173.Financial Instrumenty instruments finansowe and i systemy quotation notowań systemsSINGLE-PRICESYSTEMCONTINUOUSTRADINGBLOCKTRADESSHARES (RIGHTSTO SHARES)PRE-EMPTIVE RIGHTSBONDSDERIVATIVESINVESTMENTCERTIFICATESETFsSTRUCTUREDPRODUCTSWARRANTS162


WSE Main ListRules of Trading under WARSETTransactionsBefore executing a transaction on the WarsawStock Exchange, an investor must havean investment account with an investmentfirm (e.g. a brokerage house) which is aWSE member. A member firm that has receivedan order to execute a transaction onthe WSE is responsible for the accurate fulfilmentof such an order.Transactions on the WSE can be executedin one of the following quotation systems:• continuous trading,• single-price system with two auctionsper day.Additionally, for large packets of financialinstruments block trades are allowed bothwithin and outside the trading session.OrdersAs a rule, investors place their orders viathe Internet or by phone, by contacting thebrokerage house branch which runs their investmentaccount. Orders are then forwardedto the member firm’s headquarters andthen, via an IT network, to a broker. The brokerenters the orders into the WSE computersystem. The role of the Internet as an order-placingchannel has gained importanceover time. Since member firms’ IT systemsare integrated with the WSE system, onlineorder placement is fast and secure.When placing an order, the investor mustspecify: the type of order (buy/sell); the price limit, or a type of order withouta price limit; the order validity date; the name of the security or financialinstrument to be bought or sold; the number of securities (volume); additional requirements for execution ofthe order.Types of ordersMultiple order types may be placed underthe WARSET system to allow investors toapply various investment strategies tailoredto their goals and needs in specific situations.There are two main types of orders used inWSE trading:• orders with a price limit,• orders without a stated price limit.Orders with a price limit (limit orders)Here, the investor precisely defines a buy orsell price limit for the instrument concerned.In the case of a buy order, this would be themaximum price which the investor agreesto pay. In the case of a sell order, it is theprice below which the investor is not willingto sell the instruments in question.It should be remembered that: limits for equities, pre-emptive rights,rights to shares, investment certificates,index participation units and warrantsare stated in PLN; limits for bonds are stated as a percentageof nominal value; limits for futures contracts are stated inpoints (index futures) or in PLN (currencyand equity futures); limits for index options are stated inpoints.Orders without a price limitOrders without a limit are intended for investorswho do not want to wait long for theirorder to be executed and when completionof a transaction is more important than theprice obtained. Orders without a price limit(respective Polish abbreviations: PKC, PCRand PCRO) cannot be placed for options,pre-emptive rights or warrants. In the caseof other instruments orders without a limitare not accepted for the first session whenthe instrument is quoted, except new series163


Fact Book 2013of index futures, currency futures and equityfutures.Market orders (MARKET; Polish abbreviation:PCR) can be placed only during continuoustrading (any phase except marketbalancing), and are executed at the price ofthe first best corresponding order placedearlier. The unfilled portion of the order becomesan order with a limit price equal tothat at which the last transaction was concluded.Market-on-opening orders (OPENING; Polishabbreviation: PCRO) are placed duringthe phase in which orders are accepted for theopening and closing in the continuous tradingsystem and the single-price auction system,as well as during market balancing. They areexecuted, respectively, at the opening price,closing price, single price, or the price determinedduring the balancing phase.Must-be-filled orders (MBF; Polish abbreviation:PKC) can be placed at all stages ofcontinuous trading and the single-price auction,except the intervention phase and postauctiontrading. When placed during the ordercollection period for the opening, close, single-priceauction and market balancing, theseorders are executed respectively at the openingprice, closing price, single price, and theprice determined during the balancing phase.Additional requirements for order executionA minimum size order (MIN; Polish abbreviation:Wmin) specifies a minimum numberof instruments which the investor requiresto be traded if the order is to be executed.Hidden orders (HID; Polish abbreviation:WUJ) are executed in stages. The investorspecifies the size of successive portions tobe executed, i.e. the number of securities tobe revealed at a time (minimum 100 instruments).A stop order (STOP; Polish abbreviation:LimAkt) is not displayed immediately afterbeing entered into the system, but is disclosedonly if the theoretical opening priceor last price in continuous trading reachesthe level specified by the investor. In additionto an activation limit, these orders mustalso contain a price limit for execution or amust-be-filled requirement.Order validity datesThe validity of brokers’ orders may be seton a specific date, or may be marked in oneof the following ways: as a day order, goodtill-cancelled(GTC), fill-and-kill (FAK) or fillor-kill(FOK).An order marked as GTC (DOM in Polish) isvalid indefinitely. A FAK order (WiN in Polish)is valid until the time of the first transaction(or first transactions, if executed withinmultiple transactions simultaneously). AFAK is executed immediately after beingplaced and may be executed in part. The unfulfilledportion of the order then becomesvoid.A FOK order (WuA in Polish) is valid untilthe time of the first transaction (or first transactions,if executed within multiple transactionssimultaneously). A FOK is executedimmediately after being placed but must beexecuted in full, otherwise it becomes void.Continuous tradingBefore the session begins, orders are acceptedin what is known as the pre-opening phasewhen transactions are not concluded but thetheoretical opening price is determined. Afterthe completion of this phase, the openingprice is determined (an auction procedure)and orders entered in the pre-opening phaseare executed. This is when continuous quotationsbegin, and buy and sell orders maybe placed. In continuous trading, buyers andsellers place orders which are then enteredinto the system and executed on an ongoingbasis (provided that their prices match) orare kept in the order book to await placementof a corresponding order with an appropriateprice to enable a transaction. There are twopriorities applicable to execution of orders: price, order placement time.OznaThis means that when two orders withan identical price are awaiting execution,the order entered into the system earlierwill be the first to be executed. To avoid ran-164


WSE Main Listdom price movements during the final partof a continuous trading session, the sessionends with a closing auction. After the closingprice has been announced, a 5-minutepost-auction phase follows. During thisphase, all transactions are executed at therespective closing prices.The most liquid stocks, all bond series, investmentcertificates, futures, options, indexparticipation units, ETFs and warrantsare traded in the continuous trading system.If stocks are assigned to continuoustrading, corresponding rights to shares andpre-emptive rights are also traded in thissystem. Regardless of the quotation system,a single instrument is always taken as thetransaction unit.Once the single price is published, additionalbuy and sell orders are placed, withlimits equal to the designated single price.This phase is referred to as ‘post-auctiontrading’.In the case of the single-price system withtwo auctions, the prices are determined andtransactions are made twice daily.Single-price auction system(electronic call auction)Quotations in the single-price system arebased on a so-called auction procedure, i.e.the price of a security is determined on thegrounds of orders entered before the opening.The first phase of the session is calledpre-opening. During this phase, buy and sellorders are entered into the system, a theoreticalopening price for the security is calculatedand published, but no transactionsare executed.The single price is determined on the basisof brokers’ orders placed with and withouta price limit. The moment the single priceis published, it becomes the price at whichtransactions are concluded.To determine the single price, the followingrules are applied in the system: to maximise trading volume; to minimise the difference between therespective numbers of instruments inbuy and sell orders that are feasible at aparticular price; to minimise the difference between theprice being determined and the referenceprice.165


Fact Book 2013Trading session schedule (24h format)Continuous trading – cash market8:009:00Pre-opening (orders submitted for opening)Opening (determining the opening price)Continuous trading phase17:2017:3017:35Pre-closing (orders submitted for closing)Closing (determining the closing price)Post-auction tradingContinuous trading – derivatives market8:008:30Pre-opening (orders submitted for opening)Opening (determining the opening price)Continuous trading phase17:2017:3017:35Pre-closing (orders submitted for closing)Closing (determining the closing price)Post-auction trading166


WSE Main ListSingle-price auction system with two auctions8:00Pre-opening (orders submitted for opening)11:0011:30Single-price auctionPost-auction tradingPre-opening (orders submitted for opening)15:00Single-price auctionPost-auction trading15:30Pre-opening (orders submitted for next day)17:35167


Fact Book 2013Starting from 15 April 2013, the following abridged session schedule has been in force. Thisschedule is temporary and will apply until the end of 2013.Harmonogram sesji giełdowej (tymczasowy)Continuous trading – cash market8.309.00Pre-opening phase (opening call)Opening (opening price is determined)Continuous trading phase16.5017.0017.05Pre-closing phase (closing call)Closing (closing price is determined)Post-auction tradingContinuous trading – derivatives market8.308.45Pre-opening phase (opening call)Opening (opening price is determined)Continuous trading phase16.5017.0017.05Pre-closing phase (closing call)Closing (closing price is determined)Post-auction trading168


WSE Main ListSingle-price system with two auctions8.30Pre-opening phase (opening call)11.0011.30Opening (opening price is determined)Post-auction tradingPre-opening phase (next opening call)15.00Opening (opening price is determined)Post-auction trading15.30Pre-opening phase (next opening call)17.05Price variation limitsIn each quotation system there are limits onprice variations in relation to the referenceprice. In the continuous trading system, thereference price for a transaction price andthe closing price is defined as the openingprice set at opening or during the balancingphase at opening auction. If there is noopening price, the most recent closing priceis taken as a reference price.In the single-price auction system, the referenceprice is defined as the most recentsingle price determined for the specific instrument.1) Price ranges determined each time by theWSE Management Board, on or before the daypreceding the first day of trading.Continuous trading– dynamic price rangesWIG20 shares ±3.5%mWIG40 shares ±4.5%Other shares ±6.5%Bonds±2 percentage pointsInvestment certificates ±6.5%Structured products 1)WIG20 futuresmWIG40 futures±25 points±30 pointsEquity futures ±3.5%Bond futures±0.4 percentage pointsCurrency futures ±PLN 4Index and equity optionshalf the value ofstatic price rangesIndex participation units ±PLN 5169


Fact Book 2013Continuous trading – static price rangesInstrument Reference price (opening) Acceptable price variationlimit for the openingShares Closing price ±10% relative to closingpriceIndex futures Daily settlement price ±5% relative to daily settlementpriceCurrency futures Daily settlement price ±3% relative to daily settlementpriceEquity futures Daily settlement price ±5% relative to daily settlementpriceBonds Closing price ±3 percentage pointsrelative to closing priceStructured products Closing price ±40% (or ±100 points)relative to closing priceInvestment certificates Closing price ±10% relative to closingpriceRights to shares Closing price ±10% relative to closingpricePre-emptive rights Closing price ±100% relative to closingpriceAcceptable price variationlimit for the session, incase the opening pricehas been determined*±10% relative to openingprice±5% relative to openingprice±3% relative to openingprice±5% relative to openingprice±3 percentage pointsrelative to opening price±40% (or ±100 points)relative to opening price±10% relative to openingprice±10% relative to openingprice±100% relative to openingpriceIndex participation unitswith offers on closingClosing price±5% relative to closingprice±5% relative to closingpriceIndex options Theoretical price 5% (in PLN) of the averagefrom the last 20 closingprices for the underlyinginstrument from the lastmonth relative to theoreticalprice5% (in PLN) of the averagefrom the last 20 closingprices for the underlyinginstrument (from the lastmonth) relative to openingprice* If no opening price has been determined at opening, the acceptable price variation limit is determined inrelation to the closing price (the daily settlement price, the theoretical price).Single-price system – static price rangesInstrumentShares, rights to sharesStructured productsPre-emptive rightsPermissible price variation limit for auction±10% relative to the reference price of the lastauction (extendable to 21%)±3 percentage points relative to the referenceprice of the last auction±100% relative to the reference price of the lastauction (extendable)170


WSE Main ListTransaction settlement and clearingExchange memberclientCustodianclientcashandsecuritiesclearingorderorderorderCashandsecuritiesclearingExchangemembersorderCustodianWarsaw StockExchangeRemotemembertransfer ofclearing operationstransactionpreparation of contract notesorderClientcopy ofcontractnotescalculation ofinitial cashclearingpositioncalculation ofinitial cashclearingpositionExchangememberpost tradesettlementinstructionspost tradesettlementinstructionsNational Depositoryfor Securities (NDS)NDS_CCPFinal cashsettlementdeliveryof cashtransfer orderscalculationof settlementpositionsPreparation ofcash and securitiesclearingClearing correctionsdue to shortageor financial resourcesFinal securitiessettlementcalculation ofinitial cashclearingpositiondelivery of cashtransfer ordersClearingbankstatements ofdepository accountsNDS participant'spayment bankcashsettlementNDS participantstatements ofcash accountsAs at 31 December 2012Source: National Depository for Securities171


Fact Book 2013WARSET – system architecturePolish FinancialSupervisionAuthorityInformationdistributionNational Depositoryfor SecuritiesExchange membersRemote installationSatellite market datadistribution systemWANClearingand settlementExchange membersLocal installationExchange membercomputer networkT ANDE M...Warsaw Stock ExchangeInvestorsExchange memberlocal installationInstitutions IndividualsBlock tradesBlock trades are transactions involving largepackets of financial instruments (includingderivatives).These trades are most commonly made betweenmajor investors who had previouslyagreed all transaction details (such as blocksize, price, and settlement date).The WSE Rules lay down precise conditionsfor block trade execution, defining the minimumblock value and the maximum differencebetween the price in a block trade andthe price of the specific instrument at a tradingsession.172


WSE Main ListUTP – The new transaction systemLaunched on 15 April 2013, the UniversalTrading Platform (UTP) will raise the technologystandards at the WSE to a new height.In comparison with the previous system, theUTP is much faster and more efficient, andhas a much higher capacity. In practice, thismeans that UTP can handle a much greaternumber of orders (20,000 orders per secondversus slightly over 300 under the previousWarset system).With the UTP, the Polish capital market willoperate to the highest global standards,guaranteeing the organisation of tradingthat addresses the rising expectations ofmarket participants and responds to globaltrends. By following the footsteps of marketswhich are already using the UTP, suchas New York, Paris, Lisbon or Amsterdam,the WSE is joining the network of cuttingedgeglobal stock markets.on a much greater scale. Investors who decideto get actively involved in algorithmictrading can expect to benefit from tradinggenerated in this way, such as greater liquidity,lower spreads, and, consequently,lower transaction costs.Although the UTP does not introduce revolutionarychanges in the existing tradingrules, it nevertheless opens new opportunitiesfor investors, as shown in the table onthe next page.While UTP is a quantum leap in technology,it does not introduce revolutionary changesin the existing rules of trading. It offers abroader array of functionalities, new kindsand types of order validity and it also enablestrading in instruments in a new marketsegment, the market maker system (PL abbreviation:SAR) dedicated to instrumentswhere the market maker plays a key role(e.g. warrants and structured products).With its new transaction system, the Polishmarket has opened up to new categoriesof investors, including major global investmentcompanies which apply algorithmictrading techniques. Under algorithmic tradingtransactions are made through dedicatedsystems which rely on various formulas.Overall, this functionality is designed forprofessional institutional investors but algorithmsdeveloped by brokerage houseswill enable individual investors to apply thisstrategy as well. While algorithmic tradingwas possible previously, UTP will enable it173


Fact Book 2013Differences between WARSET and UTPWarsetUTPPeg orders No Peg orders Peg orders:• The PEG order limit automatically traces the bestbuy or sell order limit in the order book and assumestheir limit(s), thus improving the chances fororders to be executed.• When placing a PEG order, the investor maydefine an additional limit:- a maximum limit for buy orders,- a minimum limit for sell orders,which constrain transactions to those levels only.Changes in existingorder typesMust-be-filled orders (Polish abbreviation: PKC)• These orders must be executed in full.• They have the highest priority.• They can be placed at pre-opening, pre-closingand during the continuous trading phase: atpre-opening, PKC orders are considered whendetermining the theoretical opening price.- If a PKC order is not executed at the opening, itinduces market balancing at the opening.- If a PKC order is not executed during the continuoustrading phase, it induces market balancingduring the session (this order is always entered inthe order book).- If a PKC order is not executed at the closing, thenon-transactional price is announced or the pricefrom the last transaction in continuous trading istaken as the closing price.Market price orders (Polish abbreviation: PCR)These orders are executed at the best order limitavailable in the order book.• Such orders may be placed only during thecontinuous trading phase.• They capture the best matching offer.• The unfulfilled part of a PCR order remains in the orderbook with a limit equal to the transaction price.Market-on-opening orders (Polish abbreviation:PCRO)Orders at the best price available at the opening.• Such orders may be placed at pre-opening,pre-closing and during market balancing. Theyare considered when determining the theoreticalopening price (TKO). They are fulfilled at the pricedetermined at the opening/balancing.• PCRO orders have a higher priority than orderswith a limit equal to the opening/closing price.• The unfulfilled part of a PCRO order is transferredto the next phase, its limit being equal to that ofthe last transactionMust-be-filled orders (Polish abbreviation: PKC):• Such orders may be executed in part.• They have the same priority as PCR orders.• They can be placed at pre-opening, pre-closingand during the continuous trading phase.• They are executed against the best availablematching order in the order book and may beexecuted during in a number of transactions atdifferent prices; the orderer has no possibility tocontrol the execution price.• The portion of the order which has not beenexecuted in auctions remains in the order bookas a PKC.• In the continuous trading phase, a PKC order maybe placed even if there are no other orders in theorder book.Market price orders (Polish abbreviation: PCR)• These orders replace the previous PCR and PCROorders and are executed according to new rules.• They can be placed at pre-opening, pre-closingand during the continuous trading phase.• They have the same priority as PKC orders.• If at least one PCR order is in the order book atthe opening and there is no matching order, theinstrument is suspended (a standard procedure).• If no matching order is available in the order bookwhen a PCR order is placed during the continuoustrading phase, the order is rejected.• PCR orders placed at the post-auction phase arealso rejected.NewordervaliditytypesValidfor nextauction(Polishabbreviation:WNF)NoneValid for next auction (Polish abbreviation: WNF)• Such orders are accepted in the system during allphases of the trading session but they are activeonly at the nearest auction (opening, closing orbalancing phase for the instrument).• The unfulfilled part of the order is removed immediatelyonce the auction is completed.• All WNF orders are automatically cancelled oncethe session is closed.• The priority of WNF orders corresponds with thechronology of their inclusion into the transactionsystem.174


WSE Main ListValid atclosing(Polishabbreviation:WNZ)Valid untilspecified(Polishabbreviation:WDC)STOP order activationat pre-openingHandling of hiddenorders (Polishabbreviation: WUJ)at pre-opening andpre-closingPost-auction tradingrulesMarket MakerSystem (Polish abbreviation:SAR)WarsetNoneNoneThe theoretical opening price (TKO) activates STOPorders. Active STOP orders are executed at theopening.The theoretical opening volume covers the entireWUJ volume.Transactions may be concluded in the post-auctionphase only when a closing price was determined(continuous trading) or when an auction price wasdetermined (single-price system) on the day inquestion.No equivalent trading system under WARSET.UTPValid at closing (Polish abbreviation: WNZ)• Such orders are accepted during each phase ofthe trading session but are only considered duringthe nearest closing auction.• The unfulfilled portion of the order is removed immediatelyonce the closing auction is completed.• All WNZ orders are automatically cancelled oncethe trading session is closed.• The priority of WNZ orders corresponds with thechronology of their inclusion into the transactionsystem.Valid until specified (Polish abbreviation: WDC)• WDC orders remain in the order book until the momentspecified by the orderer; the moment maybe defined with a precision of up to one second.• The expiry moment applies to the current tradingday.In the pre-opening phase, STOP orders are not consideredwhen determining the theoretical openingprice and the theoretical opening volume, nor arethey considered when executing transactions atthe opening.The theoretical opening volume covers only thedisclosed volume.Transactions in the post-auction phase may beconcluded at the most recent known transactionprice, both in the continuous trading system and inthe single-price system.Market Maker System (SAR)• The system is intended for trading in instrumentswhere the participation of a market maker is mandatory(e.g. structured instruments, warrants).• An instrument may only have one market makerin the system.• If there are no quotations from a market maker,the possibility to conclude transactions issuspended.• No static or dynamic price corridors are applied(this role is fulfilled by marker maker’s buy/sellorders).175


Fact Book 2013Electronic Distributionof Market DataMass-scale access to WSE data is enabledprimarily though the use of the Internet.Commercial servicesServices delivered via data vendorsThe recipients of commercial stock marketnews services are professional data vendors,such as news agencies, as well asbrokerage houses, virtual banks, Internetportals, software houses etc. Data vendorsoffer market information to their clients,domestic and foreign, including brokeragehouses, banks, other financial market participantsand individual investors.All vendors may purchase, on equal terms,real-time data services offered by the WSE,including:Service A - Cash market- Offerings and transactionsService B - Derivatives- Offerings and transactionsService I - WSE indicesService C - Statistical informationService D - NewConnectService E- Debt instruments listed on theWSE and BondSpotThe WSE charges a fixed annual fee fromvendors. Firms connected directly to theWSE system pay a technical fee and a distributionfee, while the so-called sub-vendors,who receive stock market data through anothervendor, pay only a distribution fee.For real-time market data (transferred withinmax. 15 minutes after it becomes availablefrom the WSE), the Warsaw Stock Exchangealso charges fees based on the number ofend recipients (subscribers). Under the WSEvendor agreement, data provided in realtimemay not be redistributed without theprior consent of the WSE unless delayed byat least 15 minutes (no fees are charged fordelayed data and such data may be freely redistributed,e.g. on publicly accessible websites).The data vendors who have signedrelevant agreements with the Warsaw StockExchange include renowned news agencies(Thomson Reuters, Bloomberg, Polish PressAgency, Interactive Data, SIX Telekurs), Polishand international brokerage houses (DMBZWBK, DM BPH, CDM Pekao, ING Securities,DM BOŚ, DI BRE, DM Millennium, BDMPKO BP), virtual banks (mBank, Multibank),major Polish web portals (general contentsites such as Onet, WirtualnaPolska or Interia,and specialized sites such as Bankier.pland Parkiet.pl) and software houses (Statica).Mobile telephones are increasingly used byinvestors as a vehicle to deliver stock marketdata. Mobile phone owners can use commercialnews services to access a full rangeof stock exchange data, price alert optionsor a bundle of prices on securities within aportfolio.176


WSE Main ListList of WSE data distributors (end of February 2013)Alior Bank S.A.www.aliorbank.plBank BPH Biuro Maklerskiewww.bm.bph.plBank Gospodarki Żywnościowej BiuroMaklerskiewww.bgz.plDom Maklerski BDM S.A.www.bdm.com.plBiuro Maklerskie Banku DnBNord PolskaS.A.www.bmdnbnord.plBloomberg LPwww.bloomberg.comBRE Bank S.A. – mBankwww.brebank.plBrokerjet Bank AGwww.brokerjet.atCAIT Sp. z o.o.www.cait.com.plCentralny Dom Maklerski Pekao S.A.www.cdmpekao.com.plDeutsche Bank PBC SAwww.deutsche-bank-pbc.plDom Inwestycyjny BRE Banku SAwww.brebank.plDom Inwestycyjny Xelion Sp. z o.o.www.xelion.plDom Maklerski AMERBROKERS S.A.www.amerbrokers.pl/Dom Maklerski Banku BPS S.A.www.dmbps.pl/Dom Maklerski Banku Handlowego S.A.www.dmbh.plDom Maklerski BOŚwww.bossa.plDom Maklerski BZ WBK S.A.dmbzwbk.plDom Maklerski IDM S.A.www.idmsa.plDom Maklerski PKO BP S.A.www.dm.pkobp.plFactivawww.factiva.comFactSet Research System Inc.www.factset.comFidelity Investmentswww.fidelity.comFidessa plcwww.fidessa.comFinancial WEB S.A.www.finweb.plFio banka, a.s.www.fio.skGrupa Onet.pl S.A.www.onet.plGrupa TRINITYwww.grupatrinity.plINFRONT ASwww.infront.asING Securities S.A.www.ingsecurities.plInteractive Datawww.KBCmakler.plINTERIA. PL S.A.www.interia.plKBC Securities N.V. (Spółka Akcyjna)Oddział w Polscewww.kbcmakler.plLiquidnet Europe Limitedwww.liquidnet.comMillennium Dom Maklerski S.A.www.millenniumdm.plNeoNet Securities S.A.www.neonet.bizNOBLE Securities S.A.www.noblesecurities,plNotoria Serwis SAwww.notoria,plNYSE Technologies SAStechnologies-salesteam-emea@nyx.comPolska Agencja Prasowa S.A.www.pap.com.plPolski Terminal Finansowy Sp. z o.o.www.terminalfinansowy.plPresspublica Sp. z o.o.www.rp.plRaiffeisen Bank Polskawww.raiffeisen.plReuters Limitedwww.reuters.comThomson Reuters (Markets) Europe SpółkaAkcyjna Oddział w Polscewww.thomsonreuters.comSaxo Bank A/Swww.saxobank.comSIX Financial Information Ltd.www.six-telekurs.comSNL Financial LCwww.snl.comStaticawww.statica.plSunGard Financial Systems (France) SASwww.gltrade.comTRIGON Dom Maklerski SAwww.trigon.plUBS AGwww.ubs.comVwd. Vereingte Wirtschaftsdienste AGwww.vwd.com177


Fact Book 2013Services available directlyfrom the WSEWSE public data servicesApart from services to commercial users, theWarsaw Stock Exchange also discloses stockmarket information on a free-of charge basis.www.wse.com.plThis WSE website provides market updates,recent announcements as well as resolutionsadopted by the Management Board and theSupervisory Board of the Warsaw Stock Exchange.Trading data is published on an ongoingbasis during sessions, with a 15-minute delay.The only exceptions are the WIG20 values,which are delivered in real time. The websitealso contains comprehensive sections withstatistics and indices, organisational structure,operations and history of the WSE, legislation,description of trading systems and listed instruments,contact details of listed companies,WSE members, data vendors as well as electronicversions of numerous WSE publicationsas well as newsletters which are also distributedvia subscription. Information on the websiteis available in Polish, English and Russian.www.newconnect.plThe NewConnect website offers quotations,market updates and recent announcements,legislation, statistics and contact details of listedcompanies, authorised advisers, market membersand data vendors. The website is availablein Polish, English and Russian.www.wsecatalyst.plThis website was launched as Catalyst, the debtmarket, came into being. The site provides informationon authorised and listed instruments,market data, quotations, educational materialsfor investors, information for potential issuers,issuers’ documents and reports as well as Catalystregulations. The website is available in Polishand English.www.gpwinfostrefa.plThis website is designed for investors who seekspecific information regarding WSE-listed companiesas well as market updates on Centraland Eastern Europe. The site publishes officialannouncements from listed companies as wellas corporate communication content. It servesas a distribution channel for official messagesfrom the Warsaw Stock Exchange, the National178Depository for Securities and the Polish FinancialSupervision Authority, and a source ofmarket analytics and reviews prepared by theEconomic Service of the Polish Press Agency.The website has two language versions: Polishand English.www.wseinternational.euA dedicated website for foreign companies listedon the WSE. It offers company reports andeducation materials for prospective issuers.The site has a Polish and an English version.www.corp-gov.gpw.plThis website is dedicated to corporate governancein WSE-listed companies. It offers materialsregarding the implementation of bestpractices as well as updates on relevant stepstaken by the WSE. The website is also used asa communication tool between the WSE and itslisted companies. It has two language versions:Polish and English.www.respectindex.plThis website promotes the WSE’s RESPECTIndex of socially responsible companies andreports on WSE’s outreach activities and initiativesassociated with social responsibility oflisted companies. The website is available inPolish and English.www.gpwmedia.plThe site, operated by WSE Infoengine SA, aWSE subsidiary, offers video streaming fromIPOs on WSE markets, General Meetings ofShareholders and conferences. It publishes financialresults, company reports and analyticalmaterials.In 2012 the WSE launched a mobile applicationwith stock market data for users of AppleiOS (iPhone, iPad) and Android. With this app,owners of such mobile devices can monitormarket quotations, key statistics and marketupdates from the WSE Main List, NewConnectand Catalyst.For many years the WSE has operated a mobileversion of its main website, available at m.gpw.pl., which means that users can monitor marketquotations, indices, updates, resolutions etc.on their mobile devices. The launch of the newapp for mobile users made market data evenmore easily accessible for investors.


WSE Main ListListed Companies- WSE Main List(end of 2012)06MAGNA [06N]NARODOWYFUNDUSZINWESTYCYJNYMAGNA POLONIA SAwww.magnapolonia.com.pl08OCTAVA [08N]NARODOWYFUNDUSZINWESTYCYJNYOCTAVA SAwww.octava.com.pl4FUNMEDIA [4FM]4FUN MEDIA SAwww.4funmedia.plABCDATA [ABC]ABC DATA SAwww.abcdata.com.plABMSOLID [ABM]ABM SOLID SAwww.abmsolid.euABPL [ABE]AB SAwww.ab.plACAUTOGAZ [ACG]AC SAwww.ac.com.plACE [ACE]AUTOMOTIVECOMPONENTSEUROPE SAwww.acegroup.luACTION [ACT]ACTION SAwww.action.plADVADIS [ADS]ADVANCEDDISTRIBUTIONSOLUTIONS SAwww.ads-sa.com.plADVGRUPA [ADV]GRUPA ADV SAwww.grupa-adv.plAGORA [AGO]AGORA SAwww.agora.plAGROTON [AGT]AGROTON PUBLICLIMITEDwww.agroton.lg.uaAGROWILL [AWG]AGROWILL GROUP ABwww.agrowill.ltALCHEMIA [ALC]ALCHEMIA SAwww.alchemiasa.plALIOR [ALR]Alior Bank SAwww.aliorbank.plALMA [ALM]ALMA MARKET SAwww.almamarket.plALTERCO [ALT]ALTERCO SAwww.alterco.euAMBRA [AMB]AMBRA SAwww.ambra.com.plAMICA [AMC]AMICA WRONKI SAwww.amica.com.plAMPLI [APL]AMPLI SAwww.ampli.com.plAMREST [EAT]AMREST HOLDINGS SEwww.amrest.euAPATOR [APT]APATOR SAwww.apator.torun.plAPLISENS [APN]APLISENS SAwww.aplisens.plARCTIC [ATC]ARCTIC PAPER SAwww.arcticpaper.comARCUS [ARC]ARCUS SAwww.arcus.plARMATURA [ARM]KRAKOWSKAFABRYKA ARMATURSAwww.kfa.plARTERIA [ARR]ARTERIA SAwww.arteria.plASBIS [ASB]ASBISC ENTERPRISESPLCwww.asbis.comASSECOBS [ABS]ASSECO BUSINESSSOLUTIONS SAwww.assecobs.plASSECOPOL [ACP]ASSECO POLAND SAwww.asseco.plASSECOSEE [ASE]ASSECO SOUTHEASTERN EUROPE SAwww.asseco-see.comASSECOSLO [ACS]ASSECO CENTRALEUROPE SAwww.asseco.skASTARTA [AST]ASTARTA HOLDINGN.V.www.astartakiev.comATLANTAPL [ATP]ATLANTA POLAND SAwww.atlantapoland.com.plATLANTIS [ATS]ATLANTIS SAwww.atlantis-sa.plATLASEST [ATL]ATLAS ESTATESLIMITEDwww.atlasestates.comATM [ATM]ATM SAwww.atm.com.plATMGRUPA [ATG]ATM GRUPA SAwww.atmgrupa.plATMSI [ASI]ATM SystemyInformatyczne SAwww.atm-si.com.plATREM [ATR]ATREM SAwww.atrem.plAVIASG [ASG]AVIA SOLUTIONGROUP ABwww.aviasg.comAWBUD [AWB]AWBUD SAwww.awbud.plAZOTYTARNOW [ATT]ZAKŁADY AZOTOWEW TARNOWIE -MOŚCICACH SAwww.azoty.tarnow.plB3SYSTEM [B3S]B3SYSTEM SAwww.b3system.pl179


Fact Book 2013BAKALLAND [BAK]BAKALLAND SAwww.bakalland.plBANKBPH [BPH]BANK BPH SAwww.bph.plBARLINEK [BRK]BARLINEK SAwww.barlinek.com.plBBICAPNFI [BBC]BBI CAPITALNARODOWYFUNDUSZINWESTYCYJNY SAwww.bbicapital.plBBIDEVNFI [BBD]BBI DEVELOPMENTNARODOWYFUNDUSZINWESTYCYJNY SAwww.bbidevelopment.plBBIZENNFI [BBZ]BBI ZENERISNARODOWYFUNDUSZINWESTYCYJNY SAwww.bbizeneris.plBEDZIN [BDZ]ELEKTROCIEPŁOWNIABĘDZIN SAwww.ecb.com.plBENEFIT [BFT]BENEFIT SYSTEMS SAwww.benefitsystems.plBERLING [BRG]BERLING SAwww.berling.plBEST [BST]BEST SAwww.best.com.plBETACOM [BCM]BETACOM SAwww.betacom.com.plBGZ [BGZ]BANK GOSPODARKIŻYWNOŚCIOWEJ SAwww.bgz.plBIOTON [BIO]BIOTON SAwww.bioton.plBIPROMET [BPM]BIPROMET SAwww.bipromet.com.plBLACKLION [BLI]BLACK LIONNARODOWYFUNDUSZINWESTYCYJNY SAwww.blacklion.com.plBMPAG [BMP]BMP AKTIENGESELLS-CHAFTwww.bmp.comBNPPL [BNP]BNP PARIBAS BANKPOLSKA SAwww.bnpparibas.plBOGDANKA [LWB]LUBELSKI WĘGIELBOGDANKA SAwww.lw.com.pl; www.bogdanka.euBOMI [BMI]BOMI SAwww.bomi.plBORYSZEW [BRS]BORYSZEW SAwww.boryszew.com.plBOS [BOS]BANK OCHRONYŚRODOWISKA SAwww.bosbank.plBOWIM [BOW]BOWIM SAwww.bowim.plBRE [BRE]BRE BANK SAwww.brebank.com.plBSCDRUK [BSC]BSC DRUKARNIAOPAKOWAŃ SAwww.bsc-packaging.comBUDIMEX [BDX]BUDIMEX SAwww.budimex.com.plBUDOPOL [BDL]BUDOPOL-WROCŁAWSAwww.budopol.wroc.plBUDVARCEN [BDV]BUDVAR CENTRUMSAwww.budvar.plBUMECH [BMC]BUMECH SAwww.bumech.plBYTOM [BTM]ZAKŁADYODZIEŻOWE BYTOMSAwww.bytom.com.plBZWBK [BZW]BANK ZACHODNIWBK SAwww.bzwbk.plCALATRAVA [CTC]CALATRAVA CAPITAL SAwww.calatravacapital.plCAMMEDIA [CAM]CAM MEDIA SAwww.cammedia.plCAPITAL [CPA]CAPITAL PARTNERSSAwww.c-p.plCASHFLOW [CFL]CASH FLOW SAwww.cashflow.com.plCCC [CCC]NG2 SAwww.ng2.com.plCCENERGY [CCE]CLEAN&CARBONENERGY SAwww.ccenergy.plCCIINT [CCI]CINEMA CITYINTERNATIONAL N.V.www.cinemacity.nlCDRED [CDR]CD PROJEKT RED SAwww.optimus.plCEDC [CDC]CENTRAL EUROPEANDISTRIBUTIONCORPORATIONwww.cedc.comCELTIC [CPD]CELTIC PROPERTYDEVELOPMENTS SAwww.celtic.plCEZ [CEZ]CEZ ASwww.cez.czCHEMOS [CHS]CHEMOSERVIS-DWORY SAwww.chemoservis.plCIECH [CIE]CIECH SAwww.ciech.comCITYINTER [CIA]CITY INTERACTIVE SAwww.city-interactive.comCOALENERG [CLE]COAL ENERGY SAwww.coalenergy.com.uaCOGNOR [COG]COGNOR SAwww.cognor.plCOLIAN [COL]COLIAN SAwww.jutrzenka.com.plCOMARCH [CMR]COMARCH SAwww.comarch.plCOMP [CMP]COMP SAwww.comp.com.plCOMPLEX [CMX]COMPLEX SAwww.complexmetal.com.plCORMAY [CRM]PZ CORMAY SAwww.cormay.pl180


WSE Main ListCYFRPLSAT [CPS]CYFROWY POLSAT SAwww.cyfrowypolsat.plCZTOREBKA-PDA[CZTA]CZERWONA TOREBKASAwww.czerwonatorebka.plDEBICA [DBC]FIRMA OPONIARSKADĘBICA SAwww.debica.com.plDECORA [DCR]DECORA SAwww.decora.plDELKO [DEL]DELKO SAwww.delko.com.plDGA [DGA]DGA SAwww.dga.com.plDMWDM [WDM]DOM MAKLERSKIWDM SAwww.wdmsa.plDOMDEV [DOM]DOM DEVELOPMENTSAwww.domdevelopment.com.plDRAGOWSKI [ADD]AD. DRĄGOWSKI SAwww.dragowski.plDREWEX [DRE]DREWEX SAwww.drewex.comDROP [DRP]DROP SAwww.drop-sa.plDROZAPOL [DPL]DROZAPOL-PROFIL SAwww.drozapol.plDSS [DSS]DOLNOŚLĄSKIESUROWCE SKALNESAwww.dss.plDUDA [DUD]POLSKI KONCERNMIĘSNY DUDA SAwww.pkmduda.plDUON [DUO]Grupa KapitałowaDUONwww.duon.plECARD [ECD]ECARD SAwww.ecard.plECHO [ECH]ECHO INVESTMENTSAwww.echo-inv.com.plEDINIVEST [EDI]ED INVEST SAwww.edinvest.plEFEKT [EFK]KORPORACJAGOSPODARCZAEFEKT SAwww.efektsa.plEFH [EFH]EUROPEJSKIFUNDUSZHIPOTECZNY SAwww.efh.com.plEKO [EKO]EKO HOLDING SAwww.eko.plEKOEXPORT [EEX]EKO EXPORT SAwww.ekoexport.plELBUDOWA [ELB]ELEKTROBUDOWA SAwww.elbudowa.com.plELEKTROTI [ELT]ELEKTROTIM SAwww.elektrotim.plELKOP [EKP]PRZEDSIĘBIORSTWOELEKTROMONTAŻOWEELKOP SAwww.elkop.plELZAB [ELZ]ZAKŁADY URZĄDZEŃKOMPUTEROWYCHELZAB SAwww.elzab.com.plEMCINSMED [EMC]EMC INSTYTUTMEDYCZNY SAwww.emc-sa.plEMPERIA [EMP]EMPERIA HOLDINGSAwww.emperia.plENAP [ENP]ENERGOAPARATURA SAwww.enap.com.plENEA [ENA]ENEA SAwww.enea.plENELMED [ENE]CENTRUM MEDYCZNEENEL-MED. SAwww.enel.plENERGOINS [ENI]ENERGOINSTAL SAwww.energoinstal.plENERGOPLD [EPD]ENERGOMONTAŻ-POŁUDNIE SAwww.energomontaz.plENERGOPOL [EPL]ENERGOPOL -POŁUDNIE SAwww.energopolpoludnie.euERBUD [ERB]ERBUD SAwww.erbud.plERG [ERG]ERG SAwww.erg.com.plERGIS [EEF]ERGIS-EUROFILMS SAwww.ergis-eurofilms.euESSYSTEM [ESS]ES-SYSTEM SAwww.essystem.plESTAR [EST]ESTAR ALTERNATIVENERGIASZOLGAL-TATO NYRT.www.e-star.huEUCO [EUC]EUROPESJKIECENTRUMODSZKODOWAŃ SAwww.euco.plEUIMPLANT [EUI]EUROIMPLANT SAwww.euroimplant.com.plEUROCASH [EUR]EUROCASH SAwww.eurocash.com.plEUROHOLD [EHG]EUROHOLDBULGARIA ADwww.eurohold.bgEUROMARK [EMK]EUROMARK POLSKASAwww.euromark.plEUROTEL [ETL]EUROTEL SAwww.eurotel.plEXILLON [EXL]Exillon Energy SAwww.exillonenergy.plFAM [FAM]FAM GRUPAKAPITAŁOWA SAwww.famgk.com.plFAMUR [FMF]FABRYKA MASZYNFAMUR SAwww.famur.com.plFARMACOL [FCL]FARMACOL SAwww.farmacol.com.plFASING [FSG]FABRYKI SPRZĘTUI NARZĘDZIGÓRNICZYCHGRUPA KAPITAŁOWAFASING SAwww.fasing.pl181


Fact Book 2013FASTFIN [FFI]FAST FINANCE SAwww.fastfinance.plFERRO [FRO]FERRO SAwww.ferro.plFERRUM [FER]FERRUM SAwww.ferrum.com.plFON [FON]FON SAwww.fon-sa.plFORTE [FTE]FABRYKI MEBLIFORTE SAwww.forte.com.plFORTUNA [FEG]FORTUNAENTERTAINMENTGROUP N.V.www.fortuna-group.euFOTA [FOT]FOTA SAwww.fota.plGANT [GNT]GANT DEVELOPMENTSAwww.gant.plGETIN [GTN]GETIN HOLDING SAwww.getin.plGETINOBLE [GNB]GETIN NOBLE BANKSAwww.getinnoblebank.plGINOROSSI [GRI]GINO ROSSI SAwww.gino-rossi.comGPW [GPW]GIEŁDA PAPIERÓWWARTOŚCIOWYCHW WARSZAWIE SAwww.gpw.plGRAAL [GRL]GRAAL SAwww.graal.plGRAJEWO [GRJ]PFLEIDERERGRAJEWO SAwww.pfleiderer.plGREENECO [GET]GreenecoTECHNOLOGY SAwww.green-eco.netGREMISLTN [GRS]GREMI MEDIA SAwww.eurofaktor.plGROCLIN [GCN]INTER GROCLIN AUTOSAwww.groclin.com.plGTC [GTC]GLOBE TRADECENTRE SAwww.gtc.com.plHANDLOWY [BHW]BANK HANDLOWY WWARSZAWIE SAwww.citihandlowy.plHARPER [HRP]HARPER HYGIENICS SAwww.cleanic.plHAWE [HWE]HAWE SAwww.hawesa.plHBPOLSKA [HBP]HYDROBUDOWAPOLSKA SAwww.hbp-sa.plHELIO [HEL]HELIO SAwww.helio.plHERKULES [HRS]HERKULES SAwww.herkule-polska.plHUTMEN [HTM]HUTMEN SAwww.hutmen.plHYDROTOR [HDR]PRZEDSIĘBIORSTWOHYDRAULIKI SIŁOWEJHYDROTOR SAwww.hydrotor.com.plHYGIENIKA [HGN]HYGIENIKA SAwww.hygienika.plHYPERION [HYP]HYPERION SAwww.hyperion.plIDEATFI [IDA]IDEA TOWARZYSTWOFUNDUSZYINWESTYCYJNYCHSAwww.idea.tfi.plIDEON [IDE]IDEON SAwww.ideon.euIDMSA [IDM]DOM MAKLERSKIIDMSA SAwww.idmsa.plIGROUP [IGR]INTERNET GROUP SAwww.igroup.plIFCAPITAL [IFC]IF CAPITAL SAwww.ifcapital.plIMCOMPANY [IMC]INDUSTRIAL MILKCOMPANY SAwww.imcmilk.com.uaIMPEL [IPL]IMPEL SAwww.impel.plIMPEXMET [IPX]IMPEXMETAL SAwww.impexmetal.com.plINDYKPOL [IND]INDYKPOL SAwww.indykpol.com.plINGBSK [BSK]ING BANK ŚLĄSKI SAwww.ing.plINPRO [INP]INPRO SAwww.inpro.com.plINSTALKRK [INK]INSTAL KRAKÓW SAwww.instalkrakow.plINTAKUS [ITK]INTAKUS SAwww.intakus.plINTEGERPL [ITG]INTEGER.PL SAwww.integer.plINTERAOLT [IRL]INTER RAO Lietuva ABwww.interrao.lt/polINTERBUD [ITB]INTERBUD-LUBLIN SAwww.interbud.com.plINTERCARS [CAR]INTER CARS SAwww.intercars.com.plINTERFERI [INF]INTERFERIE SAwww.interferie.plINTERSPPL [IPO]INTERSPORT POLSKASAwww.intersport.plINTROL [INL]INTROL SAwww.introlsa.plINWESTCON [INC]INWESTCON GROUPSAwww.ic.poznan.plIPOPEMA [IPE]IPOPEMA SECURITIESSAwww.ipopema.plIQP [IQP]IQ PARTNERS SAwww.iqpartners.plIVMX [IMX]INFOVIDE-MATRIX SAwww.infovidematrix.plKANIA [KAN]Zakłady PrzetwórstwaMięsnego HenrykKania SAwww.zpmkania.com.pl182


WSE Main ListIZOLACJA [IZO]IZOLACJA-JAROCINSAwww.izolacja-jarocin.plIZOSTAL [IZS]IZOSTAL SAwww.izostal.com.plJHMDEV [JHM]JHM DEVELOPMENTSAwww.jhmdevelopment.plJSW [JSW]JASTRZĘBSKASPÓŁKA WĘGLOWASAwww. jsw.plJUPITER [JPR]JUPITER NFI SAwww.jupiter-nfi.plJWCONSTR [JWC]J.W. CONSTRUCTIONHOLDING SAwww.jwconstruction.com.plK2INTERNT [K2I]K2 INTERNET SAwww.k2.plKBDOM [KBD]KORPORACJABUDOWLANA DOMSAwww.kbdom.euKCI [KCI]KCI SAwww.kci.plKDMSHIPNGGrupa kapitałowa KDMShippingwww.kdmshipping.com/plKERNEL [KER]KERNEL HOLDING SAwww.kernel.uaKETY [KTY]GRUPA KĘTY SAwww.gk-kety.com.plKGHM [KGH]KGHM POLSKA MIEDŹSAwww.kghm.plKINOPOL [KPL]KINO POLSKA TV SAwww.kinopolska.plKOELNER [KLR]KOELNER SAwww.koelner.plKOFOLA [KFL]KOFOLA SAwww.kofola.plKOGENERA [KGN]ZESPÓŁELEKTROCIEPŁOWNIWROCŁAWSKICHKOGENERACJA SAwww.kogeneracja.com.plKOMPAP [KMP]PRZEDSIĘBIORSTWOPRODUKCYJNOHANDLOWE KOMPAPSAwww.kompap.plKOMPUTRON [KOM]KOMPUTRONIK SAwww.komputronik.plKONSSTALI [KST]KONSORCJUM STALISAwww.konsorcjumstali.com.plKOPEX [KPX]KOPEX SAwww.kopex.com.plKOV [KOV]KULCZYK OILVENTURES INC.www.kulczykoil.comKPPD [KPD]KOSZALIŃSKIEPRZEDSIĘBIORSTWOPRZEMYSŁUDRZEWNEGO SAwww.kppd.plKRAKCHEM [KCH]KRAKCHEMIA SAwww.krakchemia.plKREC [KRC]KRYNICKI RECYKLINGSAwww.krynicki.plKREDYTB [KRB]KREDYT BANK SAwww.kredytbank.plKREDYTIN [KRI]KREDYT INKASO SAwww.kredytinkaso.plKREZUS [KZS]NARODOWYFUNDUSZINWESTYCYJNYKREZUS SAwww.nfikrezus.plKRKA [KRK]Krka, d. d.www.krkapolska.plKRUK [KRU]KRUK SAwww.kruksa.plKRUSZWICA [KSW]ZAKŁADYTŁUSZCZOWEKRUSZWICA SAwww.ztkruszwica.plKSGAGRO [KSG]KSG AGRO SAwww.ksgagro.comLCCORP [LCC]LC CORP SAwww.lcc.plLENA [LEN]LENA LIGHTING SAwww.lenalighting.plLENTEX [LTX]ZAKŁADY LENTEX SAwww.lentex.com.plLIBET [LBT]LIBET SAwww.libet.plLIBRA [LBC]Libra Capital S.Awww.libracapital.plLOTOS [LTS]GRUPA LOTOS SAwww.lotos.plLPP [LPP]LPP SAwww.lpp.com.plLSISOFT [LSI]LSI SOFTWARE SAwww.lsisoftware.plLSTCAPITA [LST]LST CAPITAL SAwww.lstcapital.plLUBAWA [LBW]LUBAWA SAwww.lubawa.com.plMAGELLAN [MAG]MAGELLAN SAwww.magellan.plMAKARONPL [MAK]MAKARONY POLSKIESAwww.makarony.plMAKRUM [MKM]MAKRUM SAwww.makrum.plMARVIPOL [MVP]MARVIPOL SAwww.marvipol.plMCI [MCI]MCI MANAGEMENTSAwww.mci.plMCLOGIC [MCL]MACROLOGIC SAwww.macrosoft.plMEDIATEL [MTL]MEDIATEL SAwww.mediatel.plMEGARON [MEG]MEGARON SAwww.megaron.com.pl183


Fact Book 2013MENNICA [MNC]MENNICA POLSKA SAwww.mennica.com.plMERCOR [MCR]MERCOR SAwww.mercor.com.plMEWA [MEW]MEWA SAwww.mewa.com.plMEXPOLSKA [MEX]Mex Polska SAwww.mexpolska.plMOBRUK [MBR]GRUPA KAPITAŁOWAMO-BRUK SAwww.mobruk.plMOJ [MOJ]MOJ SAwww.moj.com.plMOL [MOL]MOL MAGYAROLAJ - ES GAZIPARINYILVANOSAN MUKODORESZVENYTARSASAGwww.mol.huNEUCA [NEU]NEUCA SAwww.neuca.plNEWWORLDR [NWR]NEWWORLDRESOURCES PLCwww.nwrgroup.euNFIEMF [EMF]NARODOWY FUNDUSZINWESTYCYJNYEMPIK MEDIA &FASHION SAwww.emf.plOPENFIN [OPF]OPEN FINANCE SAwww.open.plOPONEO [OPN]OPONEO.PL SAwww.oponeo.plOPTEAM [OPM]OPTEAM SAwww.opteam.plORBIS [ORB]ORBIS SAwww.orbis.plMIDAS [MDS]NARODOWY FUNDUSZINWESTYCYJNYMIDAS SAwww.midasnfi.plMIESZKO [MSO]ZAKŁADY PRZEMYSŁUCUKIERNICZEGOMIESZKO SAwww.mieszko.com.plMILKILAND [MLK]MILKILAND N.V.www.milkiland.comMILLENNIUM [MIL]BANK MILLENNIUM SAwww.bankmillennium.plMIRACULUM [MIR]MIRACULUM SAwww.miraculum.plMIRBUD [MRB]MIRBUD SAwww.mirbud.com.plMISPOL [MIP]MISPOL SAwww.mispol.com.plMIT [MIT]MIT MOBILE INTERNETTECHNOLOGY SAwww.ppwk.plMNI [MNI]MNI SAwww.mni.plMONNARI [MON]MONNARI TRADE SAW UPADŁOŚCILIKWIDACYJNEJwww.monnari.com.plMOSTALEXP [MSX]MOSTOSTAL EXPORT SAwww.mostostal-export.com.plMOSTALPLC [MSP]MOSTOSTAL PŁOCK SAwww.mostostal-plock.com.plMOSTALWAR [MSW]MOSTOSTALWARSZAWA SAwww.mostostal.waw.plMOSTALZAB [MSZ]MOSTOSTAL ZABRZEHOLDING SAwww.mostostal.zabrze.plMUZA [MZA]MUZA SAwww.muza.com.plMWTRADE [MWT]M.W. TRADE SAwww.mwtrade.plNETIA [NET]NETIA SAwww.netia.plNETMEDIA [NEM]NETMEDIA SAwww.netmedia.com.plNOKAUT [NOK]Grupa Nokaut SAwww.nokaut.plNORDEABP [NDA]NORDEA BANK POLSKASAwww.nordeabank.plNORTCOAST [NCT]NORTH COAST SAwww.northcoast.com.plNOVAKBM [KBM]NOVA KREDITNA BANKAMARIBOR D.D.www.nkbm.siNOVITA [NVT]NOVITA SAwww.novita.com.plNOWAGALA [CNG]CERAMIKA NOWA GALASAwww.nowa-gala.com.plNTTSYSTEM [NTT]NTT SYSTEM SAwww.ntt.com.plODLEWNIE [ODL]ODLEWNIE POLSKIE SAwww.odlewniepolskie.plOLYMPIC [OEG]OLYMPICENTERTAINMENTGROUP ASwww.oc.euONE2ONE [O2O]ONE-2-ONE SAwww.one-2-one.plORCOGROUP [OPG]ORCO PROPERTYGROUP SAwww.orcogroup.comORZBIALY [OBL]ORZEŁ BIAŁY SAwww.orzel-bialy.com.plOTMUCHOW [OTM]ZAKŁADY PRZEMYSŁUCUKIERNICZEGOOTMUCHÓW SAwww.zpcotmuchow.com.plOVOSTAR [OVO]OVOSTAR UNION N.V.www.ovostar.uaPAGED [PGD]PAGED SAwww.paged.plPAMAPOL [PMP]PAMAPOL SAwww.pamapol.com.plPANOVA [NVA]P.A. NOVA SAwww.pa-nova.com.plPATENTUS [PAT]PATENTUS SAwww.patentus.plPBG [PBG]PBG SAwww.pbg-sa.plPBOANIOLA [PBO]PBO ANIOŁA SAwww.pboaniola.pl184


WSE Main ListPBSFINANSE [PBF]PBS FINANSE SAwww.beefsan.com.plPCCEXOL [PCX]PCC Exol SAwww.pcc-exol.euPCCINTER [PCI]PCC INTERMODAL SAwww.pccintermodal.plPCGUARD [PCG]PC GUARD SAwww.pcguard.plPEGAS [PGS]PEGAS NONWOVENS SAwww.pegas.czPEKAES [PEK]PEKAES SAwww.pekaes.com.plPEKAO [PEO]BANK POLSKA KASAOPIEKI SAwww.pekao.com.plPELION [PEL]PELION SAwww.pelion.euPEMUG [PMG]PRZEDSIĘBIORSTWOMONTAŻU KONSTRUKCJISTALOWYCHI URZĄDZEŃGÓRNICZYCH PEMUG SAwww.pemug.com.plPEP [PEP]POLISH ENERGYPARTNERS SAwww.pepsa.com.plPEPEES [PPS]PRZEDSIĘBIORSTWOPRZEMYSŁUSPOŻYWCZEGOPEPEES SAwww.pepees.plPERMEDIA [PMD]ZAKŁADY CHEMICZNEPERMEDIA SAwww.permedia.plPETROLINV [OIL]PETROLINVEST SAwww.petrolinvest.plPGE [PGE]PGE POLSKA GRUPAENERGETYCZNA SAwww.pgesa.plPGNIG [PGN]POLSKIE GÓRNICTWONAFTOWEI GAZOWNICTWO SAwww.pgnig.plPGODLEW [PGO]POLSKA GRUPAODLEWNICZA SAwww.pgo-sa.com.plPKNORLEN [PKN]POLSKI KONCERNNAFTOWY ORLEN SAwww.orlen.plPKOBP [PKO]POWSZECHNA KASAOSZCZĘDNOŚCIBANK POLSKI SAwww.pkobp.plPLASTBOX [PLX]PRZETWÓRSTWOTWORZYWSZTUCZNYCHPLAST-BOX SAwww.plast-box.comPLAZACNTR [PLZ]PLAZA CENTERS N.V.www.plazacenters.comPOINTGROUP [PGM]PLATFORMA MEDIOWAPOINT GROUP SAwww.point-group.plPOLAQUA [PQA]PRZEDSIĘBIORSTWOROBÓTINŻYNIERYJNYCHPOL-AQUA SAwww.pol-aqua.com.plPOLCOLORIT [PLT]POLCOLORIT SAwww.polcolorit.plPOLICE [PCE]ZAKŁADY CHEMICZNEPOLICE SAwww.zchpolice.comPOLIMEXMS [PXM]POLIMEX - MOSTOSTALSAwww.polimex-mostostal.plPOLJADLO [PLJ]POLSKIE JADŁO SAwww.polskiejadlo.com.plPOLLENAE [PLE]FABRYKA KOSMETYKÓWPOLLENA-EWA SAwww.pollenaewa.com.plPOLMED [POM]POLMED SAwww.polmed.plPOLNA [PLA]ZAKŁADY AUTOMATYKIPOLNA SAwww.polna.com.plPOLNORD [PND]POLNORD SAwww.polnord.plPOZBUD [POZ]POZBUD T&R SAwww.pozbud.plPRAGMAFA [PRF]PRAGMA FAKTORING SAwww.grupafinansowa.plPRAGMAINK [PRI]PRAGMA INKASO SAwww.pragmainkaso.plPRESCO [PRE]P.R.E.S.C.O. GROUP SAwww.presco.plPRIMAMODA [PMA]PRIMA MODA SAwww.primamoda.com.plPROCAD [PRD]PROCAD SAwww.procad.plPROCHEM [PRM]PROCHEM SAwww.prochem.com.plPROCHNIK [PRC]PRÓCHNIK SAwww.prochnik.com.plPROJPRZEM [PJP]PROJPRZEM SAwww.projprzem.comPROTEKTOR [PRT]LUBELSKIE ZAKŁADYPRZEMYSŁUSKÓRZANEGOPROTEKTOR SAwww.protektorsa.plPTI [PTI]POWSZECHNETOWARZYSTWOINWESTYCYJNE SAwww.ptisa.plPULAWY [ZAP]ZAKŁADY AZOTOWEPUŁAWY SAwww.zapulawy.plPWRMEDIA [PWM]POWER MEDIA SAwww.power.com.plPZU [PZU]POWSZECHNY ZAKŁADUBEZPIECZEŃ SAwww.pzu.plQUANTUM [QNT]QUANTUM SOFTWARESAwww.quantum-software.comQUERCUS [QRS]QUERCUS TFI SAwww.quercustfi.plQUMAKSEK [QSM]QUMAK - SEKOM SAwww.qumak.plRADPOL [RDL]RADPOL SAwww.radpol.com.plRAFAKO [RFK]RAFAKO SAwww.rafako.com.plRAFAMET [RAF]FABRYKA OBRABIAREKRAFAMET SAwww.rafamet.com.pl185


Fact Book 2013RAINBOW [RBW]RAINBOW TOURS SAwww.rainbowtours.plRANKPROGR [RNK]RANK PROGRESS SAwww.rankprogress.plREDAN [RDN]REDAN SAwww.redan.com.plREGNON [REG]REGNON SAwww.regnon.comREINHOLD [RHD]REINHOLD POLSKAA.B.www.reinholdpolska.comRELPOL [RLP]RELPOL SAwww.relpol.com.plREMAK [RMK]PRZEDSIĘBIORSTWOMODERNIZACJIURZĄDZEŃENERGETYCZNYCHREMAK SAwww.remak.com.plRESBUD [RES]RESBUD SAwww.resbud.plROBYG [ROB]ROBYG SAwww.robyg.com.plRONSON [RON]RONSON EUROPE N.V.www.ronson.plROPCZYCE [RPC]ZAKŁADYMAGNEZYTOWEROPCZYCE SAwww.ropczyce.com.plROVESE [RSE]ROVSE SAwww.rovse.comRUBICON [RBC]RUBICON PARTNERSNFI SAwww.rpnfi.plSADOVAYA [SGR]SADOVAYA GROUP SAwww.sadovayagroup.comSANOK [SNK]SANOCKIE ZAKŁADYPRZEMYSŁUGUMOWEGOSTOMIL SANOK SAwww.stomilsanok.com.plSANWIL [SNW]SANWIL HOLDING SAwww.sanwil.comSECOGROUP [SWG]SECO/WARWICK SAwww.secowarwick.com.plSEKO [SEK]SEKO SAwww.rybki-seko.plSELENAFM [SEL]SELENA FM SAwww.selenafm.comSFINKS [SFS]SFINKS POLSKA SAwww.sfinks.plSILVANO [SFG]AS SILVANO FASHIONGROUPwww.silvanofashion.comSIMPLE [SME]SIMPLE SAwww.simple.com.plSKOK [SKO]TOWARZYSTWOFINANSOWESPÓŁDZIELCZYCHKASOSZCZĘDNOŚCIOWO-KREDYTOWYCH SAwww.tfskok.plSKOTAN [SKT]SKOTAN SAwww.skotansa.plSKYLINE [SKL]SKYLINE INVESTMENTSAwww.skyline.com.plSNIEZKA [SKA]FABRYKA FARB ILAKIERÓWŚNIEŻKA SAwww.sniezka.plSOBIESKI [BVD]BELVEDERE SAwww.belvedere.frSOLAR [SOL]Solar Company S.Awww.solar-company.com.plSONEL [SON]SONEL SAwww.sonel.plSOPHARMA [SPH]SOPHARMA ADwww.sopharma.bgSTALEXP [STX]STALEXPORTAUTOSTRADY SAwww.stalexportautostrady.plSTALPROD [STP]STALPRODUKT SAwww.stalprodukt.plSTALPROFI [STF]STALPROFIL SAwww.stalprofil.com.plSTAPORKOW [ZUK]ZAKŁADY URZĄDZEŃKOTŁOWYCHSTĄPORKÓW SAwww.zuk.com.plSUWARY [SUW]SUWARY SAwww.suwary.com.plSWISSMED [SWD]SWISSMED CENTRUMZDROWIA SAwww.swissmed.plSYGNITY [SGN]SYGNITY SAwww.sygnity.plSYNTHOS [SNS]SYNTHOS SAwww.synthosgroup.comTALEX [TLX]TALEX SAwww.talex.plTATRY [TMR]Tatry mountain resortsa.s.www.tmr.skTAURONPE [TPE]TAURON POLSKAENERGIA SAwww.tauron-pe.plTELL [TEL]TELL SAwww.tell.plTERESA [TER]PANI TERESA-MEDICASAwww.pani-teresa.com.plTESGAS [TSG]TESGAS SAwww.tesgas.plTFONE [TFO]TELFORCEONE SAwww.telforceone.comTIM [TIM]TIM SAwww.tim.plTOYA [TOA]TOYA SAwww.toya.plTPSA [TPS]TELEKOMUNIKACJAPOLSKA SAwww.tp.pl; www.tp-ir.plTRAKCJA [TRK]TRAKCJA POLSKA SAwww.trakcjapolska.comTRANSPOL [TRN]TRANS POLONIA SAwww.transpolonia.plTRAVELPL [TVL]TRAVELPLANET.PL SAwww.travelplanet.pl186


WSE Main ListTRITON [TRI]TRITONDEVELOPMENT SAwww.tritondevelopment.plTUP [TUP]TUP SAwww.tup.com.plTVN [TVN]TVN SAwww.tvn.plULMA [ULM]ULMACONSTRUCCIONPOLSKA SAwww.ulma-c.plUNIBEP [UNI]UNIBEP SAwww.unibep.plUNICREDIT [UCG]UNICREDIT S.P.Awww.unicreditgroup.euUNIMA [U2K]UNIMA 2000SYSTEMY TELEINFOR-MATYCZNE SAwww.unima2000.com.plVANTAGE [VTG]VANTAGEDEVELOPMENT SAwww.vantage-sa.plVARIANT [VRT]VARIANT SAwww.variant.plVINDEXUS [VIN]GIEŁDA PRAWMAJĄTKOWYCHVINDEXUS SAwww.gpm-vindexus.plVISTULA [VST]VISTULA GROUP SAwww.vistula.com.plVOTUM-PDA [VOTA]VOTUM SAwww.votum-sa.plVOXEL [VOX]VOXEL SAwww.voxel.plWADEX [WAX]PRZEDSIEBIORSTWOPRODUKCYJNOHANDLOWE SAwww.wadex.plWANDALEX [WDX]WANDALEX SAwww.wandalex.plURSUS [URS]URSUS SAwww.ursus.com.plWARIMPEX [WXF]WARIMPEXFINANZ- UNDBETEILIGUNGS AGwww.warimpex.comWASKO [WAS]WASKO SAwww.wasko.plWAWEL [WWL]WAWEL SAwww.wawel.com.plWESTAISIC [WES]WESTA ISIC SAwww.westa.com.uaWIELTON [WLT]WIELTON SAwww.wielton.com.plWIKANA [WIK]WIKANA SAwww.wikana.plWILBO [WLB]WILBO SAwww.wilbo.com.plWISTIL [WST]WISTIL SAwww.wistil.plWOJAS [WOJ]WOJAS SAwww.wojas.com.plWORKSERV [WSE]WORK SERVICE SAwww.workservice.plYAWAL [YWL]YAWAL SAwww.yawal.comZAMET [ZMT]ZAMET INDUSTRY SAwww.zamet-industry.com.plZASTAL [ZST]ZASTAL SAwww.zastal.plZELMER [ZLR]ZELMER SAwww.zelmer.plZEPAK [ZEP]ZE PAK SAwww.zepak.com.plZETKAMA [ZKA]ZETKAMA SAwww.zetkama.com.plZPUE [PUE]ZPUE SAwww.zpue.plZREMB [ZRE]ZAKŁAD BUDOWYMASZYNZREMB - CHOJNICESAwww.zremb-ch.com.plZUE [ZUE]ZUE SAwww.grupazue.plZYWIEC [ZWC]GRUPA ŻYWIEC SAwww.grupazywiec.pl187


WSE Main listThe Derivatives MarketDerivative instruments listed on the WarsawStock Exchange include futures contracts,options and index participation units. Thetrading volume for all derivatives totalled11.3 million items. The WSE derivativesmarket is the only such well-developedmarket of derivative instruments among exchangesof Central and Eastern Europe. Atthe end of December 2012 the number ofregistered NIKs (unique investor numbers)was 81,818. Open interest at the end of 2012totalled 147,900.All derivatives are traded under the continuoustrading system between 8:30 a.m.and 5:30 p.m. There is an auction at theopening and the closing of the session, as isthe case with other instruments traded underthe continuous system. After the closingauction a 5-minute post-auction trading sessionfollows (5:30 to 5:35 p.m.).The Warsaw Stock Exchange also enablesblock trades in derivatives (futures contractsand options). A block trade may be made ata price which falls between the price variationlimits on the central market. The WSEdefines the maximum and minimum allowablevolume of a block trade.As the organiser of trading, the WarsawStock Exchange develops trading standardsfor each derivative instrument, i.e. a detaileddescription which specifies, for instance,the calculation method to establish theinstrument value, the first and last day oftrading etc. On the other hand, the proceduresof settlement and registration as wellas the margin are defined by KDPW_CCP,which acts as clearing house. In order toensure liquidity in futures trading, someWSE members act as market makers. Thismeans that they sign a relevant agreementwith the WSE under which they are obligatedto maintain bid/ask quotes in the orderbook. Quotations of derivatives are subjectto dynamic and static price limitations definedversus the reference price.Important events on the derivativesmarket in 2012 New classes of currency futures werelaunched. Equity futures for four newcompanies were offered for the first time,i.e. Giełda Papierów Wartościowych wWarszawie SA, Boryszew SA, Kulczyk OilVentures Inc. and Synthos SA. As of 1 January2013 the WSE offered equity futuresfor shares in 22 companies. BRE Bank assumed the role of the marketmaker on the WIG20 options market.In total, the liquidity of options trading iscurrently supported by six market makers:four domestic entities and two foreignones. The increased number ofmarket makers in recent years significantlyimproved the liquidity of trading in thissegment. A change was introduced in the WIG20characteristics, i.e. the number of optionswith the nearest expiry date was increased. The characteristics of all currency futureswere modified. The change involved thetransaction unit (contract size), which wasreduced ten times. According to the newcharacteristics, one currency future comprises1,000 units of the currency concerned(USD, EUR or CHF) instead of the previous10,000.191


Fact Book 2013FuturesThe futures contracts traded on the WSE in2012 were based on WIG20 and mWIG40indices, currencies (USD, EUR, CHF) andshares of companies. In total, at the end ofthe year, there were 91 series of futures intrading, by 12 more than one year earlier.As in previous years, the index futures marketgenerated the highest trading volumes.The Warsaw bourse is comparable to otherdeveloped European markets with respectto the scale of trading in these futures asit holds, again, the 4th position in Europein terms of trading volume in index futures.WIG20 futures continued to be the mostpopular of all derivatives. The trading volumefor these instruments amounted to9.1 million contracts. The average monthlyvolume in 2012 was 756,000 contracts, andthe monthly volume peaked in June 2012(1.02 million futures contracts). At the endof 2012, open interest for this instrument totalled89,900 whereas this value peaked atthe end of February 2012, reaching 132,100instruments. WIG20 futures took the 8thposition in terms of trading volume amongall index futures across Europe.Overall, currency futures generated atrading volume of 960,900 in 2012. The averagemonthly volume totalled 80,600 andthe highest monthly volume in 2012 wasrecorded in September, reaching 112,500contracts. At the end of the year, open interestin those instruments reached 24,100.The highest figure for open interest wasrecorded in November: 27,000. The mostpopular currency futures in 2012 were theUSD/PLN ones. The trading volume in thisclass of futures reached 821,800 contracts,which represented 85.5% of the totaltrading volume in currency futures.The highest trading volume in futures is generatedby domestic individual investors,who accounted for 47% volume in 2012.In 2012, the WSE continued to expand itsrange of equity futures. Four new contractswere launched, for the following equities:Giełda Papierów Wartościowych w WarszawieSA, Boryszew SA, Kulczyk Oil VenturesInc. and Synthos SA. As a result, 22equity futures were offered at the WSE atthe end of the year. The trading volume forequity futures reached 540,300. The averagemonthly volume totalled 45,000 contracts.The monthly peak, representing 63,800contracts, was recorded in October 2012.At the end of 2012 open interest in equityfutures totalled 8,200. The number of openinterest was highest in November, reaching18,100 contracts.192


WSE Main listIndex futures contracts – key characteristicsContract symbolMultiplier PLN 10Contract valueQuotation unitContract delivery monthsFXYZkrr, where:F – type of instrumentXYZ – abbreviated name of underlying instrument (WIG20, WIG40)k – delivery month code (specified by the WSE)rr – last two digits of delivery yearMultiplier x Contract priceIndex pointsFor WIG20 futures: the nearest four months from among March, June,September, December.For mWIG40 futures: the nearest three months from among March, June,September, December.Last trading dayExpiry dateFirst trading day for a new seriesFinal settlement priceSettlement dateSettlement methodThe trading day on the third Friday of the delivery month. If there is notrading session on that date, the last trading session day preceding thethird Friday of the delivery month is taken.The same as the last trading dayThe first trading day following the expiry of the previous contract seriesFinal settlement price is determined on the contract expiry date as thearithmetic mean of all values of an index (WIG20, mWIG40) during thelast hour of continuous trading and its value at the session close, havingrejected 5 top and 5 bottom index values.The next business day following the contract expiry date (day afterthe last trading day)Cash settlement in PLN193


Fact Book 2013Currency futures contracts – key characteristicsContract symbolFXYZkrr, where:F – type of instrumentXYZ – abbreviated name of underlying instrument(EUR, USD, CHF)k – delivery month code (specified by the WSE)rr – last two digits of delivery yearTransaction unit(Contract size)Contract delivery monthsLast trading dayExpiry dateFirst trading day for a new seriesFinal settlement priceFinal settlement valueSettlement dateSettlement methodEUR 10,000, USD 10,000 or CHF 10,0003 subsequent calendar months + 3 subsequent months from the Marchcalendar cycle.The trading day on the third Friday of the delivery month. If there is notrading session on that date, the last trading session day preceding thethird Friday of the delivery month is taken.The same as the last trading dayThe first trading day following the previous contract expiryThe average EUR, USD or CHF exchange rate determined by theNational Bank of Poland at the fixing on the contract expiry datemultiplied by 100. It is expressed to the nearest PLN 0.01 (per EUR 100,USD 100, or CHF 100).Final settlement price (per EUR 1, USD 1 or CHF 1) multiplied bycontract sizeThe next business day following the contract expiry dateCash settlement in PLNTrading calendar for WIG20 futures and currency futures1 2 3 4 5 6 7 8 9 10 11 12MarchJuneSeptemberDecemberMarchJuneSeptemberDecember194


WSE Main listStock futures contracts – key characteristicsContract symbolNumber of shares per contract 1,000FXYZkrr, where:F – type of instrumentXYZ – abbreviated name of underlying instrumentk – delivery month code (specified by the WSE)rr – last two digits of delivery yearQuotation unitContract valueContract delivery monthsLast trading dayExpiry dateFirst trading day for a new seriesFinal settlement priceSettlement dateSettlement methodPLN (per share)Product of contract price and number of shares per contractThree nearest months of the following cycle: March, June, September,DecemberThe trading day on the third Friday of the delivery month. If there is notrading session on that date, the last trading session day preceding thethird Friday of the delivery month is taken.The same as the last trading dayThe first trading day following the previous contract expiry dateThe price of the last transaction in underlying shares, concluded on thetrading session on the expiry date for the futures concerned.The next business day following the contract expiry date (after the lasttrading day)Cash settlement in PLN (after the last trading day)Trading calendar for WIG40 futures and stock futures1 2 3 4 5 6 7 8 9 10 11 12MarchJuneSeptemberDecemberMarchJuneSeptember195


Fact Book 2013Futures contracts – key figuresFutures contracts (total)2012 2011 2010 2009 2008Continuous tradingTotal turnover value (PLN million) 207 477 353 124 330 472 254 550 303 423Average turnover value per session (PLN thousand) 833 240 1 406 869 1 306 212 1 010 119 1 208 857Total volume (thousand) 10 212 14 280 13 614 13 225 12 085Average volume per session 41 013 56 891 53 809 52 480 48 148Number of transactions per session 12 196 17 487 14 413 16 916 15 785Open interest (at year-end) 122 749 115 275 124 504 110 199 73 475Number of series (at year-end) 91 79 55 37 40Block tradesTotal turnover value (PLN million) 8 959 8 541 10 177 4 134 3 325Total volume 380 198 329 405 395 461 199 552 148 690Number of transactions 596 620 786 405 308WIG20 futures2012 2011 2010 2009 2008Continuous tradingTotal turnover value (PLN million) 198 406 338 257 323 673 246 656 297 577Average turnover value per session (PLN thousand) 796 811 1 347 638 1 279 340 978 794 1 185 565Total volume (thousand) 8 697 13 313 13 086 12 567 11 600Average volume per session 34 927 53 040 51 724 49 871 46 214Number of transactions per session 10 014 14 786 13 026 15 172 14 497Open interest (at year-end) 89 858 104 924 114 019 101 122 68 334Liquidity ratio (%) 132.8 176.2 212.9 198.5 237.6Number of series (at year-end) 4 4 4 4 4Block tradesTotal turnover value (PLN million) 8 959 8 535 10 177 4 119 3 303Total volume 380 198 329 205 395 461 199 022 143 520Number of transactions 596 619 786 403 304mWIG40 futures2012 2011 2010 2009 2008Continuous tradingTotal turnover value (PLN million) 335 767 834 580 646Average turnover value per session (PLN thousand) 1 346 3 057 3 297 2 302 2 572Total volume (thousand) 14 29 33 30 25Average volume per session 56 116 130 120 101Number of transactions per session 49 94 108 100 88Open interest (at year-end) 564 530 801 898 446Liquidity ratio (%) 1.5 2.4 3.5 3.5 4.1Number of series (at year-end) 3 3 3 3 3Block tradesTotal turnover value (PLN million) --- 6 --- --- ---Total volume --- 200 --- --- ---Number of transactions --- 1 --- --- ---196


WSE Main listFutures contracts – key figures (contd.)Stock futures2012 2011 2010 2009 2008Continuous tradingTotal turnover value (PLN million) 3 336 7 453 2 108 1 435 1 574Average turnover value per session (PLN thousand) 13 396 29 695 8 331 5 693 6 272Total volume (thousand) 540 738 375 466 326Average volume per session 2 170 2 939 1 484 1 848 1 301Number of transactions per session 1 252 2 053 942 1 179 921Open interest (at year-end) 8 197 6 545 7 735 6 315 2 626Liquidity ratio (%) 2.2 3.9 1.5 1.5 1.6Number of series (at year-end) 66 54 30 18 18Block tradesTotal turnover value (PLN million) --- --- --- --- 21Total volume --- --- --- --- 5 170Number of transactions --- --- --- --- 4CHF futures2012 2011 2010 2009 2008Total turnover value (PLN million) 190 2 540 232 280 140Average turnover value per session (PLN thousand) 765 10 120 916 1 111 2 224Total volume (thousand) 28 73 8 9 6Average volume per session 114 291 30 37 90Number of transactions per session 24 208 20 25 49Open interest (at year-end) 2 642 813 597 201 153Number of series (at year-end) 6 6 6 4 4EUR futures2012 2011 2010 2009 2008Total turnover value (PLN million) 770 926 910 2 607 1 036Average turnover value per session (PLN thousand) 3 093 3 689 3 595 10 346 4 126Total volume (thousand) 111 22 23 59 29Average volume per session 445 87 89 236 114Number of transactions per session 116 59 59 167 41Open interest (at year-end) 8 583 1068 639 957 1 082Number of series (at year-end) 6 6 6 4 4USD futures2012 2011 2010 2009 2008Total turnover value (PLN million) 4 439 3 180 2 716 2 992 2 437Average turnover value per session (PLN thousand) 17 828 12 671 10 735 11 874 9 708Total volume (thousand) 822 104 89 93 98Average volume per session 3300 416 351 368 391Number of transactions per session 742 287 258 273 220Open interest (at year-end) 12 905 1 395 713 706 833Number of series (at year-end) 6 6 6 4 4Block tradesTotal turnover value (PLN million) --- --- --- 15 ---Total volume --- --- --- 530 ---Number of transactions --- --- --- 2 ---* CHF futures have been traded since 30 September 2008.197


Fact Book 2013WIG20 optionsAt the end of 2012 a total of 120 series of optionswere traded (all of them were WIG20options). The trading volume for these instrumentsreached 715,400. The open interestat the end of 2012 amounted to 14,500.WIG20 options held the 13th position in2012 in terms of trading volume among indexoptions in Europe. The WSE offers Europeanstyle options, which means that theycan be exercised only on the expiry date. Asis the case with futures, trading in options issupported by market makers: under a contractsigned with the WSE they are obligedto place their own sell/buy orders in the orderbook. The reference price for options isthe theoretical price calculated according tothe Black-Scholes model. Given the natureof the instrument, margins are required onlyfrom option writers (those opening shortpositions). Option buyers do not pay margins.WIG20 options – key characteristicsAbbreviated name ofoptionOW20krccc, where:O – type of instrumentk – exercise month code (specified by the WSE)r – last digit of expiry yearccc – exercise priceMultiplierOption valueQuotation unitExpiry monthsExpiry dateLast trading dayExercise priceExercise valueSettlement priceSettlement valueSettlement dateSettlement methodPLN 10 per index pointProduct of option price and multiplierIndex pointsFour nearest months of the following cycle: March, June, September, DecemberThe third Friday of the expiry month for the series. If there is no trading sessionon that date, the last trading session day preceding the third Friday of the expirymonth is taken.The same as expiry dateEqual to the value of the underlying instrument, with respect to which thesettlement balance will be determined taking the multiplier into accountProduct of exercise price and multiplierSettlement price is determined on the expiry date as the arithmetic mean of allWIG20 values during the last hour of continuous trading and the WIG20 value asdetermined at the session close, having rejected 5 top and 5 bottom index valuesProduct of settlement price and multiplierFirst business day following the date on which settlement price is determinedCash settlement in PLN198


WSE Main listOptions – key figuresOptions2012 2011 2010 2009 2008Continuous tradingTotal turnover value (PLN million)* 15 672 21 819 13 653 7 878 8 261Average turnover value per session (PLN million) 62.94 86.93 53.97 31.27 32.92Turnover value by premium (PLN million) 179.47 276.72 158.31 192.09 231.59Total volume (thousand) 680 064 832 106 546 842 399 708 325 203Average volume per session 2 731 3 315 2 161 1 586 1 296Number of transactions per session 650 789 688 590 485Open interest (at year-end) 14 462 17 517 43 583 20 850 6 925Liquidity ratio (%) 10.49 11.37 8.98 6.34 6.60Number of series (at year-end) 120 122 106 110 138Block tradesTotal turnover value (PLN million)* 597 1 743 3 234 512 34Turnover value by premium (PLN million) 10.45 29.70 50.85 9.05 1.08Volume 35 300 65 695 128 270 21 940 1 380Number of transactions 99 175 430 65 3* Value of trading at the closing price of the underlying instrument.199


Fact Book 2013MiniWIG20 – index participation unitsAcquisition of an index participation unit(IPU) is equivalent to investment in a portfolioof shares issued by 20 constituent companiesof the index. IPUs are priced in PLN,with the price of one unit being equal to 1/10of the WIG20 value. IPUs offer potential earningsto those who expect the value of theindex to rise (long position, i.e. purchase ofIPUs) as well as those who anticipate a decline(short position, i.e. sale of IPUs).An index participation unit is a financial instrumentrepresenting all constituent sharesof an index. In terms of the expected rateof return, the purchase of this instrument isequivalent to a purchase of the constituentshares of an index, without the need to actuallybuy the specific constituent shares.IPUs traded on the WSE are based on theWIG20, an index which reflects the performanceof 20 largest listed companies.IPUs – key figures2012 2011 2010 2009 2008Total turnover value (PLN thousand) 6 439 13 043 8 938 8 187 8 730Average turnover value per session (PLN thousand) 26 52 35 32 35Total volume (instruments) 28 610 50 040 36 240 42 161 36 327Average volume per session 115 199 143 167 145Number of transactions per session 7 7 9 12 7Open interest (at year-end) 10 665 12 385 13 281 13 125 8 823Number of series (at year-end) 1 1 1 1 1WIG20 index participation units – key characteristicsAbbreviated IPU nameMW20Underlying instrumentWIG20 indexMultiplier PLN 0.1Value of an IPUMultiplier x Value of underlying instrumentQuotation unitPLN per IPULast trading dayPenultimate trading day in December 2025. In exceptional cases, the WSEManagement Board may set the last trading day to fall on a different datebut must publish such information at least 4 weeks in advance.Expiry dateSettlement priceSettlement valueThe date on which the settlement price is determined for the last time.The first day of trading after the last trading day.Fixed on:a) the third Friday of March, June, September or December. If nosession is held on that day, the settlement price is fixed on the lasttrading date before that third Friday of March, June, September orDecember;b) on the expiry date.Settlement price is determined as the arithmetic mean of all WIG20values during the last hour of continuous trading and the WIG20 value asdetermined at the session close, having rejected 5 top and 5 bottom indexvalues, multiplied by the multiplier.Equal to the settlement price200


WSE Main listRights of IPU holdersSettlement balanceExercise ruleExercise dateSettlement dateSettlement methodMargin contributedby investorThe holder may exercise IPU and receive a payment from the IPU writerequal to the settlement balance as at the first trading day following theexercise of the IPUThe same as IPU settlement valueAs defined by KDPW_CCP. As a result of exercising, the unit holderreceives the settlement balance.The date when the unit holder exercises his right or the trading daypreceding the expiry date if the unit is not exercised earlier. The unit maybe exercised on a trading day preceding each third Friday of March, June,September and December until the expiry date (or on that date). If:a) the day preceding the third Friday of March, June, September orDecember is not a trading day, the unit may be exercised on the lasttrading day before that date;b) the third Friday of March, June, September or December is not atrading day, the unit may be exercised on a trading day preceding thelast trading day before the third Friday of March, June, September orDecember.The next business day following the date on which the settlement price isdeterminedCash settlement in PLNIt is only contributed by investors opening short positions. The minimumvolume is defined by KDPW_CCP. An entity which maintains the investor’saccount may define a higher margin to be contributed by the investor.201


202Fact Book 2013


NewConnectInformation about NewConnectNewConnect is an alternative trading platformorganised and run by the WarsawStock Exchange. NewConnect was launchedon 30 August 2007, joining other Europeanplatforms of this kind, such as AIM in Londonor First North within the ScandinavianOMX Group. The launch of NewConnectmeans that companies which do not meetthe admission criteria defined for the regulatedmarket can still realistically consider adebut on the public market. NewConnect isintended for companies:• in their initial phase of growth, buildinga track record in business, as well as formarket incumbents,• seeking to raise between a few hundredto a few dozen million Polish zlotys,• with potentially high growth dynamics,representing, in particular, innovativesectors,• intending to enter NewConnect as astep towards a flotation on the WSE’sMain List.The path to NewConnectThe Rules of the Alternative Trading System(ATS) is the core document that regulatesthe initial public offering of shares on New-Connect.Only joint stock companies are allowedto bring their shares to NewConnect. Thisdoes not mean, however, that organisationswith other legal statuses are prevented fromholding a NewConnect flotation. However,in this case the owners need to transformtheir organisation into a Polish joint stockcompany or form a new joint stock companyand contribute the assets of their businessto such a new entity.Companies which apply for their shares tobe traded under the ATS must first sign acontract with an Authorised Adviser i.e.a company which is responsible for theirNewConnect flotation and which subsequentlycollaborates with the issuer to ensureproper adherence to obligations relatedto mandatory disclosures.A company may raise capital through a privateplacement (targeted at max. 99 investors)or a public offering (as on the regulatedmarket).A NewConnect IPO through a private placement(a closed offer, targeted exclusively tono more than 99 investors): a resolution is adopted by the GeneralMeeting regarding a private placementand a NewConnect flotation; an application is submitted to the NationalDepository for Securities for dematerialisationof shares; the shares are registeredat the NDS; an application is submitted to the WSE requestingshares to be introduced to New-Connect trading (attachments include anAuthorised Adviser-approved informationdocument); within seven business days the WSEadopts a decision on bringing the sharesinto trading (once the relevant resolutionhas been adopted, the information documentis published on the NewConnectwebsite); a contract with a Market Maker is executed; the company effects its IPO on NewConnect.A NewConnect IPO through a public offering: a resolution is adopted by the GeneralMeeting regarding a public offering and aNewConnect flotation; a brokerage house and advisers are selected; the relevant public information document(a prospectus or an information memorandum)is drawn up;205


Fact Book 2013 the Polish Financial Supervision Authorityapproves the public information document(a prospectus or an informationmemorandum); an application is submitted to the NationalDepository for Securities for dematerialisationof shares; the shares are registeredat the NDS; an application is submitted to the WSE requestingshares to be introduced to New-Connect trading (attachments include aPFSA-approved prospectus or informationmemorandum); within seven business days the WSEadopts a decision on bringing the sharesinto trading (once the relevant resolutionhas been adopted, the information documentis published on the NewConnectwebsite); a contract with a Market Maker is executed; the company effects its IPO on NewConnect.NewConnect SegmentsNewConnect LeadNewConnect Lead within NewConnect is asegment for companies with a high potentialfor a transition to the WSE Main List. The aimof the segment is to distinguish and promoteNewConnect leaders, and send a signal toinvestors about companies which have thepotential to advance to the regulated market.Classification into this segment is based onquantitative and qualitative analysis. Qualitativeanalysis verifies whether the issuer complieswith the rules and regulations applicableto the Alternative Trading System on NewConnect,in particular the issuer’s performancewith regard to mandatory disclosures definedin the Rules of the Alternative Trading System.This analysis also checks whether the issueradheres to corporate governance rules definedin ‘Best Practices for NewConnect Companies’.Quantitative analysis determines market indicatorsfor companies for the last six months.Only companies which meet the following criteriamay be classified into this segment:• The issuer’s average capitalisation exceedsthe PLN equivalent of EUR 5 million, and atleast 10% of the issuer’s shares are in freefloat on the classification date;• The average number of transactions in theissuer’s shares exceeded five per a tradingday, or the average turnover value exceededPLN 5,000 per trading day;• During the past six calendar months (includingthe month of the periodic verification)transactions involving the issuer’s shareswere made on at least a half of trading daysapplicable to those shares;• The average share price was higher thanPLN 0.50 and the average volatility did notexceed 15%;• The issuer’s shares have been quotedon NewConnect for at least 12 calendarmonths.A company which is classified into NewConnectLead receives a special marking in WSEnews services and is presented separately inquotation tables. The list of companies classifiedinto NC Lead is reviewed once in a quarterof a year.NewConnect High Liquidity Risk (NC HLR)The NC HLR segment includes companieswhich are considered to entail a higher liquidityrisk. Companies are classified to this segmenton the basis of their market indices forthe last three months. The criterion is definedas the average value of shares in free float notexceeding PLN 1 million during the past threemonths.Once a company has been classified into NCHLR, its shares are deleted from NewConnectindices, it receives a special marking in theWSE news services and is presented separatelyin quotation tables. The list of companiesclassified into NC HLR is reviewed oncein a quarter of a year.NewConnect Super High Liquidity Risk (NCSHLR)The NC SHLR segment includes companieswhich are considered to entail a higher liquidityrisk and, additionally, experience highvolatility of their share prices and whose assetshave been liquidated or a bankruptcy hasbeen announced.Companies are classified to this segment onthe basis of their market indices for the lastthree months, i.e.:• The average value of shares in free float inthe last three months has not exceeded PLN1 million,206


NewConnect• The average share price has been lowerthan PLN 0.10 or the average volatility hasexceeded 10%, or• The issuer has been declared bankrupt, or• The liquidation of the issuer has been opened.Once a company has been classified into NCSHLR, its shares are deleted from NewConnectindices, it receives a special marking in theWSE news services and is presented separatelyin quotation tables, and its shares are transferredto trading under the single-price system.The list of companies classified into NC SHLRis reviewed once in a quarter of a year.2012 on NewConnect2012 saw continued growth of NewConnect.The market welcomed 89 IPOs, takingthe first position in Europe in terms of IPOson regulated and alternative markets coveredby the PwC IPO Watch Europe reportfor 2012. With 429 companies listed (incl. 8foreign ones), the capitalisation of NewConnectreached PLN 11.1 billion at the end of2012 r. and was by 30% higher than the respectivevalue at the end of 2011.The total value of trading on NewConnect in2012 reached PLN 1,303 million and was by33.4% higher than in 2011. The number oftransactions in 2012 totalled 773,800 (whichwas by 28.6% lower). Meanwhile, accordingto a study conducted by the WSE, the highestshare in NewConnect trading (as in previousyears), belonged to individual investors(73%). The share of domestic institutionalinvestors stood at 17%, whereas foreign institutionalinvestors accounted for 10%.In 2012 the WSE took steps to ensure agreater degree of transparency and safetyof trading on NewConnect. In June 2012new regulations were introduced, with amore extensive catalogue of mandatory disclosuresand sanctions for non-compliance.More stringent requirements were imposedon Authorised Advisers as regards their thesharing of knowledge and opinions concerningcompanies’ activities. A special reportingrequirement was introduced in thecase of companies which may give rise toconcerns regarding the safety of trading.Additionally, a new segmentation systemwas launched. Apart from NC Lead, twocategories were introduced for companiesposing a liquidity risk: NC High LiquidityRisk (companies with free float capitalisationunder PLN 1 million) and NC Super HighLiquidity Risk (for companies from the HLRsegment with an average share price underPLN 0.10 or volatility over 10%.).The most recent changes concerning New-Connect have been in force since 1 March2013. Among them is the introduction of aminimum shareholding dispersion criterionapplicable to companies which are floatedon the market for the first time. Additionally,the duration of a relationship with anAuthorised Adviser for NewConnect issuershas been extended to three years and thelimit of fines imposed on Authorised Advisersand non-compliant companies has beenelevated.207


Fact Book 2013New companies on NewConnect in 2012No. Company First quotation* Price of sharesPrice of shares / rights toIssueDate / rights to shares (PDA)priceshares (PDA) at year-end(PLN) (dd.mm) (PLN) (PLN)Change in price sinceofferingfirstquotation1 UBOATLINE 1.00 3.01 0.73 0.95 -5.00 30.142 IMS 1.60 4.01 1.07 0.69 -56.88 -35.513 SFD 0.14 9.01 0.23 0.24 71.43 4.354 SLR 11.50 16.01 17.25 18.20 58.26 5.515 TILIA 40.00 17.01 53.00 125.00 212.50 135.856 QUART 3.00 19.01 3.90 3.65 21.67 -6.417 JANTAR 0.88 31.01 0.65 0.08 -90.91 -87.698 5THAVENUE 1.70 1.02 1.70 1.28 -24.71 -24.719 MBFACTORY 2.00 2.02 2.40 0.42 -79.00 -82.5010 M10 0.10 6.02 0.15 0.07 -30.00 -53.3311 FACHOWCY 1.32 15.02 1.63 0.13 -90.15 -92.0212 PARTNER 0.14 16.02 0.11 0.11 -21.43 0.0013 KOPAHAUS 0.70 17.02 0.95 1.20 71.43 26.3214 PLAYMAKER 0.22 23.02 0.38 0.06 -72.73 -84.2115 ADUMA 12.00 24.02 14.77 13.83 15.25 -6.3616 MODECOM 20.00 28.02 16.50 14.00 -30.00 -15.1517 IMMOFUND 0.35 9.03 0.44 0.14 -60.00 -68.1818 OPTIZENLB 6.00 13.03 4.80 0.66 -89.00 -86.2519 FARM51 6.40 14.03 3.78 3.88 -39.38 2.6520 MODE 1.02 16.03 1.05 1.00 -1.96 -4.7621 EDISON 1.30 30.03 1.95 3.20 146.15 64.1022 IU 1.00 3.04 1.69 1.69 69.00 0.0023 AUTOSPA 10.97 12.04 8.36 6.50 -40.75 -22.2524 TWIGONET 3.45 13.04 3.68 3.27 -5.22 -11.1425 LESNERUNO 1.00 23.04 1.13 1.06 6.00 -6.1926 EONET 11.31 25.04 18.90 11.07 -2.12 -41.4327 APOLLO 2.00 26.04 1.76 0.07 -96.50 -96.0228 GMK 10.00 11.05 10.55 5.00 -50.00 -52.6129 UNITED 0.99 14.05 0.99 0.56 -43.43 -43.4330 CLOUD 1.20 18.05 1.86 2.20 83.33 18.2831 FORPOSTA 11.00 22.05 14.60 13.00 18.18 -10.9632 KKHERBAL 1.20 24.05 2.16 0.81 -32.50 -62.5033 EKOKOGEN 0.77 25.05 0.80 0.64 -16.88 -20.0034 INDEXMEDI 3.10 28.05 3.29 3.46 11.61 5.1735 TRICEPS 2.20 4.06 2.72 2.20 0.00 -19.1236 ALEJA 0.10 6.06 0.15 0.47 370.00 213.33208


NewConnectNew companies on NewConnect in 2012 (contd.)No. Company First quotation* Price of sharesPrice of shares / rights toIssueDate / rights to shares (PDA)priceshares (PDA) at year-end(PLN) (dd.mm) (PLN) (PLN)Change in price sinceofferingfirstquotation37 VGROUP 11.00 8.06 14.00 13.58 23.45 -3.0038 VIVID 0.34 11.06 0.30 0.69 102.94 130.0039 VENTURION 0.70 12.06 1.25 0.13 -81.43 -89.6040 KME 0.10 13.06 0.10 0.03 -70.00 -70.0041 INVENTI 0.54 15.06 0.69 0.89 64.81 28.9942 OEM 1.00 15.06 1.52 0.53 -47.00 -65.1343 AEDES 1.42 18.06 1.90 0.60 -57.75 -68.4244 REKLAPL 0.13 19.06 0.10 0.04 -69.23 -60.0045 YOURIMAGE 0.65 20.06 0.70 0.42 -35.38 -40.0046 ADMASSIVE 7.00 21.06 7.80 14.85 112.14 90.3847 VELTO 0.60 25.06 0.39 0.17 -71.67 -56.4148 GOLDWYN 0.45 26.06 0.75 0.32 -28.89 -57.3349 LSTECHHOM 1.25 27.06 1.10 1.14 -8.80 3.6450 GONTYNIEC 20.00 4.07 21.94 21.80 9.00 -0.6451 BAUMAL 2.00 5.07 3.00 9.52 376.00 217.3352 ELEMENTAL 1.57 12.07 2.35 2.50 59.24 6.3853 COLEOS 1.00 17.07 1.45 2.00 100.00 37.9354 MOSTALWRO 1.00 18.07 1.42 2.30 130.00 61.9755 ESPEROTIA 0.45 19.07 0.41 0.12 -73.33 -70.7356 PILAB 2.00 20.07 3.60 9.40 370.00 161.1157 FLYPL 0.50 27.07 0.90 2.63 426.00 192.2258 ELKOPNRG 1.56 27.07 2.67 31.40 1 912.82 1 076.0359 PLANETSOF 2.00 7.08 2.00 1.20 -40.00 -40.0060 MADKOM 0.20 9.08 0.27 0.16 -20.00 -40.7461 MERIT 2.00 22.08 2.80 0.34 -83.00 -87.8662 LASERMED 1.15 29.08 1.30 1.29 12.17 -0.7763 STERGAMES 0.60 30.08 1.08 0.56 -6.67 -48.1564 PRYMUS 2.60 31.08 3.10 1.70 -34.62 -45.1665 SFKPOLKAP 4.50 31.08 3.80 2.89 -35.78 -23.9566 EBC 2.00 4.09 1.83 1.08 -46.00 -40.9867 REVITUM 3.00 5.09 2.20 1.00 -66.67 -54.5568 PRESTO-PDA 0.15 13.09 0.31 0.20 33.33 -35.4869 BIOFACTOR 2.20 19.09 2.39 2.20 0.00 -7.9570 TERMOREX 0.10 24.09 0.15 8.00 7 900.00 5 233.3371 UNIMOTGAZ 2.85 26.09 3.00 3.00 5.26 0.0072 ICPGROUP 2.35 27.09 3.39 2.80 19.15 -17.40209


Fact Book 2013New companies on NewConnect in 2012 (contd.)No. Company First quotation* Price of sharesPrice of shares / rights toIssueDate / rights to shares (PDA)priceshares (PDA) at year-end(PLN) (dd.mm) (PLN) (PLN)Change in price sinceofferingfirstquotation73 WAKEPARK 0.58 28.09 0.25 0.18 -68.97 -28.0074 ARTBIZNES 1.00 2.10 1.39 1.03 3.00 -25.9075 TECHMADEX 26.00 4.10 27.95 26.80 3.08 -4.1176 IBCPOLSKA 5.25 25.10 6.09 3.81 -27.43 -37.4477 MGAMES 2.00 26.10 2.00 0.31 -84.50 -84.5078 BBCONSULT 3.00 22.11 3.44 3.77 25.67 9.5979 JRINVEST 7.00 28.11 7.64 6.90 -1.43 -9.6980 FHDOM 10.00 29.11 12.40 18.50 85.00 49.1981 ORPHEE 8.90 3.12 9.78 9.47 6.40 -3.1782 MGMSYS 1.60 4.12 2.40 1.23 -23.13 -48.7583 ARI-PDA 0.50 5.12 0.90 0.36 -28.00 -60.0084 BIOMASS 0.10 7.12 0.18 1.10 1 000.00 511.1185 PROLOG 10.00 14.12 10.05 8.99 -10.10 -10.5586 EXAMOBILE 0.90 17.12 1.64 1.22 35.56 -25.6187 BRASTER 10.00 20.12 14.87 11.00 10.00 -26.0388 TERMOEXP 4.70 21.12 4.00 3.20 -31.91 -20.0089 CCS 1.20 28.12 1.20 1.20 0.00 0.00* Reference price on IPO date, if issuing price not fixed.NewConnect delistings in 2012SuspensionNo. Companydate(dd.mm.yy)Last quotationdate (dd.mm.yy)1 AVTECH 16.11.11 02.01.12Reasons for delistingFailure to comply with rules andregulations guaranteeing the safetyof ATS trading2 MOBRUK 24.04.12 Transfer to WSE Main List3 TMSBROKER 28.05.12 30.08.12 Abolishment of dematerialisation of shares4 GREENTECH 01.10.12 Safety of trading5 F24 01.10.12 Safety of trading6 TONSILAC 01.10.12 Safety of trading7 IQMEDICA 5.07.12 19.10.12Failure to comply with rules andregulations applicable to ATS8 VOXEL 22.10.12 Transfer to WSE Main List9 SERENITY 8.10.12 30.10.1210 OPTONET 10.09.12 19.12.12Failure to comply with rules andregulations applicable to ATSFailure to comply with rules andregulations applicable to ATS210


NewConnectChanges in nominal value on NewConnect in 2012Date of lastDate of quotationquotationafter split/No. Companybefore split/consolidationconsolidation(dd.mm)(dd.mm)SplitsSplit ratio1 POLNOCNR 27.04 30.04 1:22 HOTBLOK 22.05 23.05 1:53 AITON 17.09 18.09 1:104 ELKOPNRG 26.10 29.10 1:500Consolidations1 ATSENERGY 27.04 30.04 1:502 VENO 18.05 21.05 1:1553 PCZ 11.06 12.06 1:1004 CERABUD 28.08 29.08 1:1005 KUPIEC 24.09 25.09 1:106 ALEJA 20.11 21.11 1:107 LUG 23.11 26.11 1:25Changes of company names on NewConnect in 2012No. Old name Old ticker New name New tickerChange date(dd.mm)1 FRESH24 F24 F24 F24 5.012 EENERGO EEN EASTSIDE ESC 16.023 PINOTCARO PCR WEGLOPEX WPX 10.044 TELECOMMD TCM OPTIZENLB OPT 9.055 INDEXCOP ICI IDH IDH 9.056 PRTRADE PTR INVICO IVC 16.057 ZAKUPY ZAK B2BPARTNER B2B 26.078 GOADVISER GOA LETUS LET 27.089 LEGALSTRM LEG PREMETINV PMI 27.0810 BIOMEDINV BMV ASTORIA ACL 28.0811 NOVAINV NOV DIGATE DGT 28.0812 HMSG HMS APIS ASA 30.0813 VICTORIA VIC 01CYBATON 01C 30.0814 ADMUSIC AMU ADVERTIGO AVE 31.0815 APACHEQ APQ VENTURION VIF 7.09211


Fact Book 2013No. Old name Old ticker New name New tickerChange date(dd.mm)16 MWTENIS MWS SILVACG SCG 11.0917 AUXILIUM AUX ECAUXILUM ECA 11.0918 GUARDIER GRD APOLLO APC 25.0919 DRKENDY DRK BOA BOA 18.1020 BABY BAB GOLDWYN GCL 5.1121 KINOMANIA KIN IMMOFUND IMF 20.1122 MICROTECH MIC CUBEITG CTG 14.1223 4STUDIO 4ST JANTAR JAN 17.1224 PHOTON PHO PHOENIX PHO 28.12Trading in shares and rights to shares (PDA) in 2012 (PLN million)ContinuoustradingShares and rights to sharesSingle-pricesystemBlock trades OtherTotalJanuary 69.6 0.0 6.3 --- 75.9February 167.0 0.5 12.4 --- 179.9March 192.7 1.9 29.2 --- 223.9April 118.4 0.3 14.0 114.1 246.7May 72.7 0.2 11.0 --- 83.9June 54.4 0.0 22.9 --- 77.4July 49.6 0.2 4.2 --- 53.9August 86.4 0.3 10.2 --- 96.8September 74.4 0.2 10.0 --- 84.5October 78.2 1.8 3.9 --- 83.8November 101.4 1.4 16.6 --- 119.4December 67.9 1.4 21.5 --- 90.8Total 1 132.6 8.3 162.0 114.1 1 416.9212


NewConnectEquities by trading value in 2012No. Company Ticker Order-book trades Block tradesTurnoverShareinturnoverAnnualturnoverratioAveragevolumepersessionAverage Averagenumber numberof transactionsperof ordersper sessionsessionTurnovervalue(PLN million) (%) (%) (shares) (PLN million)Numberof transactions1 ZWG ZWG 208.9 19.07 342.42 400 522 264 801 0.1 12 PSWCAPITA PCA 37.7 3.45 111.43 215 252 75 3963 ATONHT ATO 27.5 2.51 95.35 61 270 55 2884 INVENTI IVT 16.7 1.52 983.01 141 133 98 3795 NICOGAMES NGS 15.8 1.45 139.39 1 027 717 42 8966 DIGATE DGT 15.5 1.42 603.64 345 279 50 2917 INVISTA INV 15.3 1.40 210.23 110 585 18 86 0.7 48 MDEVELOP MDE 15.1 1.38 381.47 300 725 44 2809 FACHOWCY FAV 14.2 1.30 912.84 207 731 65 32610 PARTNER PRN 13.8 1.26 772.77 478 000 51 23211 LESNERUNO LES 13.2 1.21 368.54 67 096 47 170 1.5 412 PPG PPG 13.0 1.18 3.26 81 050 23 10213 MEDICALG MDG 12.4 1.13 8.20 899 13 102 0.2 214 VENO VEN 12.2 1.11 3024.87 440 131 47 525 0.2 115 PREMETINV PMI 11.9 1.08 570.58 229 148 36 17916 ONICO ONC 11.6 1.06 52.11 1 879 13 74 0.5 217 MGAMES MGS 11.4 1.04 161.09 584 916 213 61018 BRIJU BRI 11.3 1.03 32.68 3 252 2 3719 OPENNET OPE 11.2 1.02 812.13 22 700 42 18420 DTP DTP 11.2 1.02 26.79 5 278 2 11 35.6 1321 GOLDWYN GCL 10.4 0.95 1057.88 165 822 89 29722 VOXEL VOX 10.0 0.91 11.56 3 536 16 72 0.8 323 MABION MAB 9.5 0.87 33.99 2 593 15 10124 SERENITY SRT 9.3 0.85 94.36 708 003 28 66725 TMSBROKER TMS 8.8 0.80 63.89 958 2 21 3.2 126 GENERGY GNR 8.7 0.80 44.25 136 927 28 187 3.1 827 HURTIMEX HRT 8.5 0.78 214.89 64 426 30 19928 VEDIA VED 8.1 0.74 57.20 48 735 23 15629 FLUID FLD 8.1 0.74 228.87 66 835 25 102 0.1 130 PLASMA PSM 7.7 0.70 70.03 2 611 7 48 0.7 231 AERFINANC AER 7.6 0.70 287.90 89 365 31 19232 DEPEND DEP 7.6 0.69 295.00 97 567 37 208213


Fact Book 2013Equities by trading value in 2012 (contd.)No. Company Ticker Order-book trades Block tradesTurnoverShareinturnoverAnnualturnoverratioAveragevolumepersessionAverage Averagenumber numberof transactionsperof ordersper sessionsessionTurnovervalue(PLN million) (%) (%) (shares) (PLN million)Numberof transactions33 11BIT 11B 7.1 0.65 59.54 2 745 20 189 4.3 734 PLATIGE PLI 6.4 0.59 16.86 775 2 3035 SYNEKTIK SNT 6.4 0.58 11.55 1 944 9 73 3.8 436 SILVACG SCG 6.2 0.57 422.39 64 546 27 15937 DENTAMDC DAM 6.1 0.56 12.55 282 383 8 304 0.5 338 FUTURIS FUT 6.1 0.56 60.20 377 802 10 14639 GKSKAT GKS 6.0 0.55 141.82 60 807 28 13240 TROMEDIA TRO 5.8 0.53 57.12 28 283 10 57 0.7 741 LUG LUG 5.6 0.51 478.68 138 386 11 23142 SMSKREDYT SMS 5.5 0.50 70.66 9 081 15 10543 SCOPAK SCO 5.2 0.48 36.44 6 659 0 3044 DAAH DAH 5.2 0.47 6.32 2 577 9 5845 PRYMUS PRS 5.1 0.47 30.78 33 874 13 82 0.5 346 C2A C2A 5.0 0.45 105.04 173 397 19 12247 WBAY WBY 5.0 0.45 151.77 168 670 21 22348 PROGRES PRG 4.8 0.44 7.35 1 011 4 37 1.0 249 TERMOREX TRR 4.8 0.44 5.41 51 608 18 8850 AZTEC AZC 4.8 0.43 28.00 3 512 14 13351 IGORIA IGT 4.7 0.43 187.90 75 464 18 11852 INTERNITY INT 4.6 0.42 12.32 3 772 2 26 0.5 153 ATCCARGO ATA 4.6 0.42 25.04 3 248 4 34 0.2 154 MARKA MRK 4.6 0.42 31.11 1 727 4 26 0.3 155 SOBET SOB 4.4 0.40 158.35 88 633 13 9856 FONECO FNE 4.3 0.39 36.78 131 786 12 136 0.1 157 BLACKPOIN BPN 4.3 0.39 18.63 8 229 13 8158 ESOTIQ EAH 4.3 0.39 63.80 587 3 27 6.7 959 M10 M10 4.2 0.39 132.82 106 255 16 11360 BGE BGE 4.2 0.39 386.86 30 315 14 11661 I3D I3D 4.2 0.38 17.73 5 965 14 99 0.5 462 WINDMOBIL WMO 4.1 0.37 23.54 3 092 10 5663 PGSSOFT PSW 4.0 0.37 16.68 9 843 10 55 0.1 164 KOPAHAUS KOP 3.9 0.36 26.51 13 651 2 17 8.9 11214


Fact Book 2013Equities by trading value in 2012 (contd.)No. Company Ticker Order-book trades Block tradesTurnoverShareinturnoverAnnualturnoverratioAveragevolumepersessionAverage Averagenumber numberof transactionsperof ordersper sessionsessionTurnovervalue(PLN million) (%) (%) (shares) (PLN million)97 GCINVEST GCI 2.4 0.22 3.84 3 858 2 1198 SSI SSI 2.4 0.22 15.77 54 793 10 23699 HOTBLOK HOT 2.4 0.22 44.74 125 787 12 89100 EDISON EDN 2.4 0.22 66.59 5 158 10 37101 NOVIAN NVN 2.4 0.21 12.22 861 686 7 526Numberof transactions102 LZMO LZM 2.3 0.21 13.89 4 482 3 19 0.2 1103 GRAPHIC GRP 2.3 0.21 208.51 4 928 5 45104 ARTEFE ART 2.2 0.20 46.66 149 922 7 285105 COMPRESS COM 2.2 0.20 96.22 19 321 6 64106 SCANMEDMM SCM 2.2 0.20 17.05 3 483 7 55 0.5 1107 JANTAR JAN 2.2 0.20 176.21 43 720 13 151108 PHOENIX PHO 2.2 0.20 9.86 9 107 7 89109 BPC BPC 2.1 0.19 55.82 93 038 9 83110 BIOMAXIMA BMX 2.1 0.19 26.28 1 300 7 66 1.6 5111 RCUNION RCU 2.0 0.19 35.37 9 299 5 90 0.5 3112 ROTOPINO ROT 2.0 0.18 40.73 3 306 2 55 6.1 3113 ACREO ACR 1.9 0.18 66.32 4 395 9 87114 RSY RSY 1.9 0.18 21.53 3 199 5 41115 GPFCAUSA GPF 1.9 0.18 44.95 265 155 7 300116 TABLEO TAB 1.9 0.17 137.58 3 868 6 35117 5THAVENUE 5AH 1.9 0.17 6.78 5 318 4 41 0.2 1118 IQMEDICA IQM 1.9 0.17 78.32 7 716 8 81119 IMMOFUND IMF 1.9 0.17 58.58 33 809 12 56120 REMEDIS REM 1.9 0.17 91.54 25 537 11 118121 APIS ASA 1.8 0.17 172.93 171 799 10 203122 EKOPOL EGH 1.8 0.17 38.05 2 119 3 41123 NANOTEL NAN 1.8 0.17 142.44 4 062 8 81124 STEMCELLS SCS 1.8 0.17 22.40 4 440 9 52125 01CYBATON 01C 1.8 0.16 75.21 155 439 7 297126 BIOMEDLUB BML 1.7 0.16 36.27 1 223 5 36 15.5 7127 ASTORIA ACL 1.7 0.15 10.04 94 846 6 95128 ECAUXILUM ECA 1.7 0.15 27.67 2 543 8 79 0.4 2216


NewConnectEquities by trading value in 2012 (contd.)No. Company Ticker Order-book trades Block tradesTurnoverShareinturnoverAnnualturnoverratioAveragevolumepersessionAverage Averagenumber numberof transactionsperof ordersper sessionsessionTurnovervalue(PLN million) (%) (%) (shares) (PLN million)129 BALTONA BAL 1.7 0.15 2.15 972 5 19130 GRODNO GRN 1.6 0.15 30.63 2 829 3 33131 FORPOSTA FPO 1.6 0.15 26.74 928 1 25132 FLYPL FLY 1.6 0.15 2.81 5 603 21 133133 GRJAGUAR GJA 1.6 0.15 186.66 3 073 7 62134 EPIGON EPI 1.6 0.14 33.31 41 141 4 135135 IPODS IOD 1.6 0.14 65.67 3 165 10 118136 OEM OEM 1.6 0.14 319.43 11 908 20 113137 SPC SPC 1.6 0.14 46.93 30 042 8 73138 WEEDO WDO 1.6 0.14 37.70 2 733 10 75139 PLAYMAKER PMK 1.5 0.14 55.19 43 274 11 125140 LUXIMA LUX 1.5 0.13 49.94 38 071 5 52141 YELLOWHAT YEL 1.5 0.13 168.73 60 986 6 83142 LIBERTY LTG 1.5 0.13 144.93 42 848 9 99143 POLNOCNR PNR 1.5 0.13 46.48 8 177 9 118Numberof transactions144 BUDUS BDS 1.4 0.13 49.18 14 433 8 66 0.6 2145 INNOGENE IGN 1.4 0.13 20.36 1 899 5 50146 SMOKESHOP SMK 1.4 0.13 37.93 4 982 9 129147 UBOATLINE UBT 1.4 0.13 64.82 6 801 8 73148 DFP DFP 1.4 0.13 87.69 26 740 8 101149 EMCAPITAL ECP 1.4 0.13 27.74 9 025 4 41150 BLUETAX BTG 1.4 0.12 66.32 198 691 5 256151 BAUMAL BAU 1.3 0.12 83.70 1 757 6 68 4.7 11152 KUPIEC KPC 1.3 0.12 577.70 31 109 8 95153 PPRICE PPR 1.3 0.12 53.05 42 768 7 64154 COPERNIC CRS 1.3 0.12 1.75 43 0 13 1.5 1155 LETUS LET 1.3 0.12 42.06 13 714 8 106 0.1 1156 PHARMENA PHR 1.3 0.12 1.62 409 1 27157 ROBINSON RBS 1.3 0.12 50.00 653 5 47158 CWPE CWP 1.3 0.12 92.03 11 088 8 82159 TERRA TRA 1.2 0.11 46.34 2 925 8 65160 VENTUREIN VTI 1.2 0.11 44.70 12 279 6 80217


Fact Book 2013Equities by trading value in 2012 (contd.)No. Company Ticker Order-book trades Block tradesTurnoverShareinturnoverAnnualturnoverratioAveragevolumepersessionAverage Averagenumber numberof transactionsperof ordersper sessionsessionTurnovervalue(PLN million) (%) (%) (shares) (PLN million)Numberof transactions161 CUBEITG CTG 1.2 0.11 6.24 3 358 4 50 0.9 4162 GLOBALTR GTR 1.2 0.11 59.90 14 682 7 59 0.5 3163 LANGLOO LAN 1.2 0.11 67.54 49 157 6 77164 MBPARTNER MBP 1.2 0.11 60.85 41 543 7 143165 DIRECTES DES 1.1 0.10 45.41 10 475 5 54166 MGMSYS MGM 1.1 0.10 54.79 27 584 98 312167 KKHERBAL KKH 1.1 0.10 40.29 5 580 14 91168 SARE SAR 1.1 0.10 13.79 1 067 2 34 0.2 1169 SFD SFD 1.1 0.10 28.51 31 399 3 20170 KOMFORTKM KKM 1.1 0.10 238.35 101 464 4 102171 VISION VIV 1.1 0.10 33.40 137 481 5 336172 AQUAPOZ AQA 1.1 0.10 20.45 521 3 41 0.4 2173 GENOMED GEN 1.1 0.10 75.47 310 1 13174 ECOTECH ECO 1.1 0.10 108.61 4 060 3 30175 DRUKPAK DRU 1.1 0.10 2.04 261 1 16 0.4 1176 BIOGENED BGD 1.0 0.09 5.05 103 3 37 1.6 2177 INTWORKS IWS 1.0 0.09 101.44 5 948 8 90178 GRUPAREC GRC 1.0 0.09 18.74 284 2 42179 HORTICO HOR 1.0 0.09 5.18 2 325 3 42180 INBOOK INB 1.0 0.09 21.64 5 266 6 66181 VIVID VVD 1.0 0.09 6.64 17 867 13 83182 DOMENOMAN DOA 1.0 0.09 39.39 6 443 3 27 0.2 2183 INPOINT IPT 1.0 0.09 13.62 2 704 4 31184 NEMEX NMX 1.0 0.09 149.14 38 527 8 81185 STARKDEV STR 1.0 0.09 11.29 299 804 7 407186 EKANCELAR EKA 1.0 0.09 5.13 1 459 4 39187 EMMERSON EMM 1.0 0.09 22.42 13 721 4 65188 KOMPLEKS KMS 0.9 0.09 117.64 6 387 5 73189 MEW MSA 0.9 0.08 7.86 766 4 42190 SELVITA SLV 0.9 0.08 3.92 948 3 43191 WESTREAL WRE 0.9 0.08 38.03 3 704 4 26218


NewConnectEquities by trading value in 2012 (contd.)No. Company Ticker Order-book trades Block tradesTurnoverShareinturnoverAnnualturnoverratioAveragevolumepersessionAverage Averagenumber numberof transactionsperof ordersper sessionsessionTurnovervalue(PLN million) (%) (%) (shares) (PLN million)Numberof transactions192 ADUMA ADU 0.9 0.08 12.69 322 2 21 0.9 1193 MAXIMUS MAX 0.9 0.08 94.48 22 910 5 130 2.7 11194 OPTIZENLB OPT 0.9 0.08 26.51 5 054 5 66195 EUROSNACK ECK 0.9 0.08 48.42 8 064 2 30 2.4 5196 ORIONINV ORN 0.9 0.08 2.61 113 3 21197 EXDEBT EXD 0.9 0.08 84.72 12 959 4 55 1.6 1198 MOSTALWRO MWO 0.9 0.08 1.16 4 146 6 27199 VELTO VEL 0.9 0.08 65.92 42 595 8 40200 KLON KLN 0.8 0.08 29.69 7 107 6 90 2.0 2201 VIAGUARA VGR 0.8 0.08 42.62 119 625 4 188202 SEVENET SEV 0.8 0.07 13.98 3 748 4 48203 ERS ERS 0.8 0.07 56.51 5 287 5 56204 MOTORICUS MTR 0.8 0.07 46.36 5 660 6 96205 TRICEPS TRC 0.8 0.07 22.52 1 239 11 49206 APOLONIA APO 0.8 0.07 43.76 12 741 5 50207 MAKOLAB MLB 0.8 0.07 41.52 2 626 3 43208 PARTEX PAR 0.8 0.07 191.21 86 192 4 59209 STIGROUP STI 0.8 0.07 31.46 18 956 6 77210 HEFAL HEF 0.8 0.07 27.84 4 477 6 90 0.4 2211 POLMAN PLM 0.8 0.07 23.49 11 667 2 25 0.4 2212 TAMEX TOS 0.8 0.07 3.09 2 413 1 12213 XSYSTEM XSM 0.8 0.07 203.35 3 267 5 55214 DIGITAL DGL 0.8 0.07 11.93 5 434 3 83215 FITEN FTN 0.8 0.07 1.93 958 2 15 0.1 1216 PCZ PCZ 0.8 0.07 34.53 5 481 5 71217 POLFA PLF 0.7 0.07 90.93 1 562 4 43218 SUNTECH SUN 0.7 0.07 17.82 7 830 3 75219 CCTOOLS CCT 0.7 0.07 18.87 3 524 4 56220 INCANA ICA 0.7 0.07 18.60 5 472 2 38221 MAGNIFICO MGF 0.7 0.07 31.94 4 868 5 69222 FINHOUSE FIN 0.7 0.07 57.14 2 553 3 41219


Fact Book 2013Equities by trading value in 2012 (contd.)No. Company Ticker Order-book trades Block tradesTurnoverShareinturnoverAnnualturnoverratioAveragevolumepersessionAverage Averagenumber numberof transactionsperof ordersper sessionsessionTurnovervalue(PLN million) (%) (%) (shares) (PLN million)Numberof transactions223 RUCHCHORZ RCW 0.7 0.07 6.38 2 314 7 75 0.4 3224 STARFIT SFI 0.7 0.07 33.63 839 4 50225 ABSINVEST AIN 0.7 0.06 5.47 10 763 3 88226 AITON AIT 0.7 0.06 22.97 335 3 33 7.7 20227 ARTNEWMED ANM 0.7 0.06 29.69 11 936 5 64228 INFOSYS IFS 0.7 0.06 5.16 851 3 36229 AUTOSPA ASP 0.7 0.06 29.11 515 4 40230 MODECOM MOD 0.7 0.06 153.43 297 5 47 0.9 3231 OPTONET OTN 0.7 0.06 79.27 7 585 4 40232 CLOUD CLD 0.7 0.06 10.12 2 155 2 13233 VIDIS VDS 0.7 0.06 12.92 1 772 3 33234 SLR SLR 0.7 0.06 2.82 169 1 14235 SMT SMT 0.7 0.06 2.11 205 2 33 0.2 1236 T2INVEST T2I 0.7 0.06 11.66 2 881 3 47237 EMPORIUM EMR 0.6 0.06 40.43 6 442 3 28238 GALVO GAL 0.6 0.06 68.45 3 479 2 37 0.1 1239 GEOINVENT GEO 0.6 0.06 34.58 25 708 4 85240 ICPD ICD 0.6 0.06 23.77 5 740 3 47241 KCSP KCS 0.6 0.06 60.22 5 654 5 64242 CERABUD CER 0.6 0.06 3454.21 86 470 7 226243 EPICTURES EAP 0.6 0.06 40.17 2 240 5 59 0.1 1244 EASTSIDE ESC 0.6 0.05 15.72 107 095 4 141245 INWAZJAPC IPC 0.6 0.05 69.71 26 779 4 53246 DANKS DNS 0.6 0.05 8.59 1 579 2 42247 TAXUSFUND TXF 0.6 0.05 26.03 8 489 5 56248 TONSILAC TAC 0.6 0.05 85.33 99 579 5 131249 ABEONET ABO 0.6 0.05 59.93 1 444 2 62250 GWARANT GWR 0.6 0.05 77.46 878 4 40 11.6 7251 FABRFORMY FFO 0.6 0.05 24.11 4 557 3 71 0.8 1252 NFPL NFP 0.6 0.05 6.28 1 241 3 40 0.8 3253 BGSENERGY BGS 0.6 0.05 1.66 1 011 1 21254 EZO EZO 0.6 0.05 3.41 320 2 50220


NewConnectEquities by trading value in 2012 (contd.)No. Company Ticker Order-book trades Block tradesTurnoverShareinturnoverAnnualturnoverratioAveragevolumepersessionAverage Averagenumber numberof transactionsperof ordersper sessionsessionTurnovervalue(PLN million) (%) (%) (shares) (PLN million)255 GOLAB GOL 0.6 0.05 52.83 7 703 3 37256 INTELIWIS ITL 0.6 0.05 7.96 2 002 4 75257 MERA MER 0.6 0.05 5.47 1 109 4 114258 SFKPOLKAP SFK 0.5 0.05 10.84 1 784 9 79259 XPLUS XPL 0.5 0.05 19.76 13 096 3 53260 BINARY BHX 0.5 0.05 9.71 1 059 3 64261 IMS IMS 0.5 0.05 1.46 1 944 3 29262 BIOMAX BIM 0.5 0.05 9.24 1 484 5 51263 INWESTPL INW 0.5 0.05 14.83 4 684 2 28264 M4B M4B 0.5 0.05 27.87 4 724 2 38Numberof transactions265 PILAB PIL 0.5 0.05 19.65 981 2 40 0.2 1266 ALKAL ALK 0.5 0.04 5.26 749 3 41267 WDBBU WDB 0.5 0.04 11.94 6 142 3 49268 POSITIVE POS 0.5 0.04 13.39 1 998 1 47 1.6 3269 WIERZYCL WRL 0.5 0.04 23.42 24 743 3 79270 ADMASSIVE AMG 0.5 0.04 18.66 391 5 42 0.1 1271 DORADCY24 D24 0.5 0.04 9.34 140 271 3 369272 IDH IDH 0.5 0.04 3.94 126 570 5 205273 PREMFOOD PFR 0.5 0.04 7.66 1 737 3 30274 ZOC ZOC 0.5 0.04 22.17 1 699 4 35275 ELKOPNRG ENR 0.5 0.04 0.00 1 1 8276 AKCEPTFIN AFC 0.5 0.04 37.52 1 507 1 18277 READGENE RDG 0.5 0.04 14.14 848 3 52278 COMPERIA CPL 0.4 0.04 7.55 74 1 35279 COLEOS CLO 0.4 0.04 0.74 2 401 4 24280 IPOSA ISA 0.4 0.04 21.16 7 742 5 94281 SURFLAND SSK 0.4 0.04 15.50 1 613 3 64282 LSTECHHOM LSH 0.4 0.04 2.30 2 998 8 81283 MINOX MNX 0.4 0.04 6.42 3 731 2 58284 QUART QRT 0.4 0.04 6.00 461 1 20285 STANUSCH STT 0.4 0.04 85.02 843 3 48286 APS APS 0.4 0.04 10.05 766 2 32221


Fact Book 2013Equities by trading value in 2012 (contd.)No. Company Ticker Order-book trades Block tradesTurnoverShareinturnoverAnnualturnoverratioAveragevolumepersessionAverage Averagenumber numberof transactionsperof ordersper sessionsessionTurnovervalue(PLN million) (%) (%) (shares) (PLN million)287 INVESTREM ITX 0.4 0.04 48.28 7 271 2 45288 MALKOWSKI MMA 0.4 0.04 6.65 2 146 2 54289 HYDRAPRES HPS 0.4 0.04 2.78 4 018 2 33290 INVICO IVC 0.4 0.04 5.30 797 1 20291 IU IUS 0.4 0.04 55.02 1 331 4 40292 MILKPOL MLP 0.4 0.04 6.15 2 929 2 42293 MARSOFT MAR 0.4 0.03 48.40 5 690 3 72294 S4E S4E 0.4 0.03 3.83 259 1 43295 ALEJA ALS 0.4 0.03 202.29 36 260 11 100296 GONTYNIEC BRO 0.4 0.03 1.42 136 2 30297 SAKANA SKN 0.4 0.03 13.48 3 646 2 80298 WIDOKEN WDK 0.4 0.03 39.07 1 427 1 25Numberof transactions299 EKIOSK EKS 0.4 0.03 26.16 7 289 3 54 0.2 1300 ESKIMOS ESK 0.4 0.03 15.64 2 919 3 52301 NOTORIA NTS 0.4 0.03 38.27 351 1 14 0.4 2302 APOLLO APC 0.3 0.03 112.62 10 996 5 57303 EMUZYKA EMU 0.3 0.03 4.67 1 410 1 35304 TILIA TIL 0.3 0.03 5.29 22 2 33 2.2 4305 8FORMULA 8FO 0.3 0.03 24.26 974 2 34306 B2BPARTNER B2B 0.3 0.03 6.08 3 562 1 58307 BOA BOA 0.3 0.03 51.61 4 345 3 31308 EBC EBC 0.3 0.03 7.59 2 846 6 63309 EMONT ELM 0.3 0.03 11.67 3 045 1 43310 ESPEROTIA EEI 0.3 0.03 7.85 15 247 3 32 0.1 1311 MEDIANPOL MDN 0.3 0.03 57.31 6 191 2 29312 VENTURION VIF 0.3 0.03 45.34 4 453 8 56313 EFICOM EFI 0.3 0.03 19.65 2 446 3 47314 EONET EON 0.3 0.03 1.00 121 2 38315 MOBINI MOB 0.3 0.03 41.80 671 2 28316 MORIZON MZN 0.3 0.03 1.81 796 1 13317 STOPKLA STK 0.3 0.03 5.46 499 2 44318 WEGLOPEX WPX 0.3 0.03 8.64 6 795 4 48222


NewConnectEquities by trading value in 2012 (contd.)No. Company Ticker Order-book trades Block tradesTurnoverShareinturnoverAnnualturnoverratioAveragevolumepersessionAverage Averagenumber numberof transactionsperof ordersper sessionsessionTurnovervalue(PLN million) (%) (%) (shares) (PLN million)319 ALDA ALD 0.3 0.03 41.57 1 078 3 40320 ALUMAST ALU 0.3 0.03 13.17 1 845 2 55321 CALESCO CLS 0.3 0.03 92.74 832 1 32322 WASPOL WAP 0.3 0.03 11.95 1 430 2 40323 NAVIMORIN NIN 0.3 0.03 2.29 246 2 29324 NWAI NWA 0.3 0.03 3.07 142 1 24325 MODE MOE 0.3 0.03 5.05 1 522 3 41Numberof transactions326 TELEMEDPL TMP 0.3 0.03 4.33 268 2 39 0.6 4327 VERBICOM VRB 0.3 0.03 7.40 1 093 3 52328 EASYCALL ECL 0.3 0.02 12.14 591 1 38329 GRUPAHRC HRC 0.3 0.02 48.48 1 947 1 44330 MERIT MEI 0.3 0.02 23.46 4 361 5 44331 PREFABET PBB 0.3 0.02 1.78 63 0 9332 VCP VCP 0.3 0.02 37.71 720 2 59333 DEKTRA DKR 0.3 0.02 3.17 77 1 26334 FHDOM FHD 0.3 0.02 0.61 959 10 32335 SYMBIO SYM 0.3 0.02 9.97 525 2 59336 ABAK ABK 0.3 0.02 5.43 543 1 22337 ANALIZY AOL 0.3 0.02 27.71 98 1 26 3.9 7338 BRASTER BRA 0.3 0.02 0.88 5 412 17 93339 BUDOSTAL5 BL5 0.3 0.02 31.94 7 634 2 32340 DOMLEK DLK 0.3 0.02 25.67 41 1 28341 EUROTAX ETX 0.3 0.02 1.16 232 1 38342 JDB JDB 0.3 0.02 14.00 13 832 2 69343 LAURENPES LPS 0.3 0.02 26.28 22 689 2 80344 POLTRONIC PTN 0.3 0.02 68.86 1 444 1 12 0.5 3345 ISIAG ISG 0.2 0.02 4.20 842 2 25346 MONTUHOLD MTH 0.2 0.02 26.66 321 2 65347 AEDES AED 0.2 0.02 40.51 3 913 4 48 0.5 1348 VENITI VNT 0.2 0.02 5.65 276 1 28349 YURECO YCO 0.2 0.02 3.22 819 2 36350 ASSETUS ASS 0.2 0.02 1.20 108 3 45223


Fact Book 2013Equities by trading value in 2012 (contd.)No. Company Ticker Order-book trades Block tradesTurnoverShareinturnoverAnnualturnoverratioAveragevolumepersessionAverage Averagenumber numberof transactionsperof ordersper sessionsessionTurnovervalue(PLN million) (%) (%) (shares) (PLN million)351 BLIRT BLR 0.2 0.02 6.41 441 1 30352 MOMO MOM 0.2 0.02 21.98 3 531 2 46353 AGROMA AGM 0.2 0.02 6.43 2 145 1 76354 EKOBOX EBX 0.2 0.02 4.26 313 2 26355 MADKOM MAD 0.2 0.02 2.09 8 948 6 61356 MOBRUK MBR 0.2 0.02 0.60 27 1 10357 SITE STE 0.2 0.02 8.90 8 762 2 70358 UNIMOTGAZ UGZ 0.2 0.02 2.87 1 123 6 46359 ARTBIZNES ABI 0.2 0.02 1.57 2 613 5 31360 BBCONSULT BBA 0.2 0.02 1.61 2 469 10 69361 MBFACTORY MBF 0.2 0.02 27.12 3 336 9 73362 SUNEX SNX 0.2 0.02 7.08 3 444 2 41363 BIOMASS BEP 0.2 0.02 4.73 16 367 17 101364 CODEMEDIA COD 0.2 0.02 12.26 25 1 18365 ACARTUS ACA 0.2 0.02 32.15 3 227 2 34366 MAXIPIZZA MXP 0.2 0.02 27.72 2 903 1 54Numberof transactions367 MEDIACAP MCP 0.2 0.02 6.97 1 914 2 55 0.1 1368 EXAMOBILE EXA 0.2 0.02 7.34 15 203 44 170369 IZOBLOK IZB 0.2 0.02 1.53 25 1 13370 EKOKOGEN EKG 0.2 0.01 24.96 1 554 1 42 0.7 6371 GREMPCO GRM 0.2 0.01 11.83 1 341 2 46372 INDEXMEDI INX 0.2 0.01 16.34 329 2 47373 ASTRO ASR 0.2 0.01 0.59 235 2 71374 LASERMED LSR 0.2 0.01 2.11 1 344 3 35375 LOKATYBUD LBD 0.2 0.01 22.73 1 710 1 36376 PFH PFH 0.2 0.01 1.41 79 2 15 0.4 1377 SWISSPSM SWP 0.2 0.01 2.50 409 1 32378 TECHMADEX TDX 0.2 0.01 1.00 97 3 35379 AQUABB AQU 0.1 0.01 0.12 57 1 36380 FININT FIP 0.1 0.01 12.84 340 1 31381 IBCPOLSKA IBC 0.1 0.01 4.91 584 4 45382 VGROUP VGS 0.1 0.01 1.88 102 0 24224


NewConnectEquities by trading value in 2012 (contd.)No. Company Ticker Order-book trades Block tradesTurnoverShareinturnoverAnnualturnoverratioAveragevolumepersessionAverage Averagenumber numberof transactionsperof ordersper sessionsessionTurnovervalue(PLN million) (%) (%) (shares) (PLN million)383 BPI BPI 0.1 0.01 9.37 1 592 1 28384 MINERAL MND 0.1 0.01 2.75 637 0 16385 MPLVERBUM VER 0.1 0.01 11.80 685 2 35386 ORGANIC ORG 0.1 0.01 0.72 90 1 28387 POLSKIHR PLH 0.1 0.01 3.28 1 548 2 51388 RODAN ROD 0.1 0.01 1.07 480 1 22389 TAXNET TXN 0.1 0.01 18.36 393 1 16390 AIRMARKET AIR 0.1 0.01 6.11 406 2 51391 KME KME 0.1 0.01 64.53 28 133 4 59392 PAKADEMIA PAK 0.1 0.01 1295.31 10 574 2 43393 GMK GMK 0.1 0.01 1.43 93 1 11394 IAI IAI 0.1 0.01 11.15 294 1 41395 JRINVEST JRI 0.1 0.01 1.07 939 3 25396 WAKEPARK WPK 0.1 0.01 10.58 6 454 8 58397 BLUMERANG BLU 0.1 0.01 1.08 417 1 35398 CASPAR CSR 0.1 0.01 1.66 10 0 17Numberof transactions399 ADMIRAL ADM 0.1 0.01 2.50 447 0 23 0.2 2400 BIOFACTOR BFC 0.1 0.01 1.99 548 3 19401 F24 F24 0.1 0.01 5.38 6 598 1 31402 GREENENER GRE 0.1 0.01 23.93 1 810 1 41403 ONERAY ORI 0.1 0.01 3.34 5 106 1 33404 SEKA SEA 0.1 0.01 0.67 54 1 26405 ADVERTIGO AVE 0.1 0.01 5.86 2 059 1 20406 REVITUM REV 0.1 0.01 6.13 496 2 25407 SYNKRET SYN 0.1 0.01 0.29 32 1 24408 WERTHHOLZ WHH 0.1 0.01 0.46 854 1 16409 WODKAN WOD 0.1 0.01 0.25 51 0 17410 YOURIMAGE YOU 0.1 0.01 5.97 931 2 17411 GOTFI GTF 0.1 0.01 0.49 32 1 31412 KORBANK KOR 0.1 0.01 3.00 233 1 37413 MPAY MPY 0.1 0.01 0.71 1 273 0 21414 GPPI GPP 0.1 0.01 10.35 862 0 33225


Fact Book 2013Equities by trading value in 2012 (contd.)No. Company Ticker Order-book trades Block tradesTurnoverShareinturnoverAnnualturnoverratioAveragevolumepersessionAverage Averagenumber numberof transactionsperof ordersper sessionsessionTurnovervalue(PLN million) (%) (%) (shares) (PLN million)415 PROLOG PRL 0.1 0.01 0.60 748 7 45416 DOBRANASZA DNA 0.1 0.00 2.28 54 0 6417 GREENTECH GRT 0.1 0.00 31.33 8 168 1 68418 RICHTER RMS 0.1 0.00 1.27 147 1 34419 APLINTER API 0.0 0.00 0.32 51 0 20420 DYWILAN DYW 0.0 0.00 0.36 39 1 26421 FMOZAROW FMO 0.0 0.00 8.73 10 076 2 21422 MMCPL MMC 0.0 0.00 1.66 72 0 10423 MONDAY MDV 0.0 0.00 0.98 29 0 9424 ROVITA ROV 0.0 0.00 2.32 339 0 29425 CFBPS CFB 0.0 0.00 0.04 13 1 9426 DOMEXBUD DMX 0.0 0.00 3.94 65 0 20427 DOMZDROW DMZ 0.0 0.00 2.37 49 1 25428 ICMVISION ICM 0.0 0.00 0.70 57 0 7429 KBJ KBJ 0.0 0.00 0.21 13 0 9430 RELIGADEV REL 0.0 0.00 8.54 9 218 1 21431 ICPGROUP ICP 0.0 0.00 0.18 120 1 18432 ROCCA RCA 0.0 0.00 0.09 36 1 21433 TELESTO TLO 0.0 0.00 0.23 5 0 13434 TERMOEXP TME 0.0 0.00 0.15 509 4 43435 TWIGONET TWI 0.0 0.00 0.22 19 0 2436 AVTECH AAE 0.0 0.00 0.00 0 0437 CCS CCS 0.0 0.00 0.02 2 900 7 86Numberof transactions226


NewConnectEquities by rate of return in 2012No.CompanyRate of return sinceyear-beginning (%)PriceLow High Year-end(PLN) (EUR) (PLN) (PLN) (PLN)1 TERMOREX 7900 8587.61 0.15 8.5 82 ELKOPNRG 1918.77 2088.38 1111.00 15700.00 31.403 BIOMASS 1000.00 1094.69 0.15 1.20 1.104 ZWG 430 474.44 0.67 5.65 4.775 FLYPL 426 470.23 0.75 10.70 2.636 BAUMAL 376.00 416.01 3.00 13.56 9.527 GOLDWYN 273.33 304.44 0.13 2.80 0.328 PREMETINV 250 280.09 0.07 0.6 0.359 TILIA 212.5 238.75 37 125 12510 PGSSOFT 204.45 230.07 0.86 2.69 2.5811 MOMO 200 225 0.11 0.40 0.3612 VIVID 187.5 211.79 0.23 0.95 0.6913 MEDICALG 158.82 180.57 24.10 76.99 66.0014 BGE 157.73 179.42 0.03 2.99 2.5015 EDISON 146.15 166.87 1.55 3.49 3.2016 MOSTALWRO 130 149.34 1.27 2.33 2.3017 INVISTA 122.22 141.08 0.25 0.81 0.6018 KUPIEC 118.57 137.66 0.07 1.76 1.5319 RAJDY4X4 114.93 133.04 0.68 5.28 1.0920 ADMASSIVE 112.14 129.96 4.40 16.10 14.8521 HORTICO 106.86 124.3 1.02 2.48 2.1122 COLEOS 100 116.83 1.30 2.00 2.0023 NFPL 88.52 104.38 1.10 2.57 2.3024 PCZ 85.98 101.7 0.17 52.00 49.9225 FHDOM 85 100.54 10.60 19.78 18.5026 CLOUD 83.33 98.71 1.55 3.46 2.2027 HURTIMEX 71.43 86.11 0.17 0.78 0.3628 KOPAHAUS 71.43 85.8 0.76 1.53 1.2029 SFD 71.43 85.8 0.11 0.25 0.2430 PILAB 70.91 85.27 3.01 9.99 9.4031 IU 69 83.22 1.22 2.60 1.6932 GRUPAHRC 66.07 79.96 0.48 0.90 0.8333 TROMEDIA 65.75 79.67 0.3 1.38 1.2134 NANOTEL 65.69 79.59 1.25 2.78 2.2735 INVENTI 64.81 78.58 0.15 2.75 0.8936 TPH 64.62 78.46 1.09 3.6 2.1437 POLMAN 63.16 76.98 0.18 0.38 0.3138 EMCAPITAL 61.02 74.55 0.34 1.35 0.9539 PLASMA 59.45 72.85 6.00 16.50 14.0040 ELEMENTAL 59.24 72.6 1.85 3.36 2.50227


Fact Book 2013Equities by rate of return in 2012 (contd.)No.228CompanyRate of return sinceyear-beginning (%)PriceLow High Year-end(PLN) (EUR) (PLN) (PLN) (PLN)41 ROTOPINO 58.71 72.07 1.43 3.5 2.4642 IAI 58.12 71.39 1.05 2.26 1.8543 GOLAB 55.56 68.38 0.08 0.70 0.2844 TELESTR 54.91 67.93 9.45 15 14.545 WODKAN 53.51 66.41 4.57 7.98 6.7546 MOBINI 50 62.58 0.54 4.90 1.6847 AGROLIGA 49.36 61.91 40.01 90.00 82.0048 POLFA 48.76 61.24 0.88 6.30 1.8049 S4E 48.31 60.77 4.39 7.99 750 WINDMOBIL 47.89 60.31 3.69 6.5 6.351 SILVACG 46.15 58.5 0.1 0.91 0.1952 EUROSNACK 45.45 57.7 0.28 0.74 0.4853 AITON 45.16 57.35 1.81 22.00 1.9754 DTP 44.26 56.38 5.15 8.90 8.8055 MAKOLAB 43.15 55.18 0.75 1.68 1.3556 MABION 42.72 54.71 10.50 18.70 15.0057 ORIONINV 41.05 52.89 13.12 48.00 27.5058 ANALIZY 37.97 49.56 8.50 12.50 12.0059 SEVENET 37.65 49.27 0.55 1.28 1.1760 DEPEND 36.36 47.79 0.15 0.56 0.3061 EXAMOBILE 35.56 46.91 1.17 2.21 1.2262 VERBICOM 33.95 45.21 0.5 1.48 1.2963 DANKS 33.41 44.64 1.08 1.84 1.3064 AERFINANC 33.33 44.63 0.16 0.63 0.2865 NAVIMORIN 33.26 44.44 3.80 6.30 5.7366 BRIJU 32.11 43.21 10.00 16.50 14.4067 ADMIRAL 32.00 43.11 0.51 0.99 0.9968 XSYSTEM 31.46 42.52 0.61 1.6 0.8669 DOMEXBUD 30.43 41.36 1.00 1.89 1.5070 ACREO 30.23 41.15 1.11 3.28 1.6871 INVICO 29.05 39.9 1.48 2.70 1.9172 GRODNO 26.21 36.8 1.28 3.87 3.0473 BBCONSULT 25.67 36.23 2.80 3.94 3.7774 PREMFOOD 25.53 36.09 0.7 2.39 1.1875 WEGLOPEX 25 35.54 0.12 0.36 0.2576 COMPERIA 22.12 32.37 14.80 36.00 19.0577 WEEDO 21.73 31.95 0.51 6.2 2.4878 QUART 21.67 31.89 3 5.57 3.6579 SCANMEDMM 21.21 31.4 1.5 4.2 3.280 MPAY 20.83 31.12 0.17 0.29 0.29


NewConnectEquities by rate of return in 2012 (contd.)No.CompanyRate of return sinceyear-beginning (%)PriceLow High Year-end(PLN) (EUR) (PLN) (PLN) (PLN)81 LUG 20.65 30.64 0.12 3.96 3.6182 CFBPS 20.00 30.08 5.00 5.80 5.4083 MINOX 19.51 29.63 0.35 0.66 0.4984 FITEN 18.46 28.4 1.95 5.40 2.3185 ADUMA 15.25 24.93 8.59 17.70 13.8386 WIDOKEN 15 24.68 0.7 1.35 0.9287 BPI 14.29 23.99 0.16 0.55 0.4088 TAXUSFUND 13.64 23.29 0.15 0.49 0.2589 EPIGON 13.33 22.65 0.12 0.20 0.1790 EKOPOL 12.96 22.44 2.26 4.40 2.8591 CUBEITG 12.9 22.41 0.92 2.00 1.4092 DIGATE 12.5 22.1 0.04 0.48 0.1893 KKHERBAL 12.5 21.96 0.52 8.40 0.8194 LASERMED 12.17 21.58 1.02 1.70 1.2995 LESNERUNO 12.16 21.61 0.22 2.68 1.0696 INDEXMEDI 11.61 20.99 2.72 4.11 3.4697 SMT 11.11 20.44 10.85 15.6 13.598 YELLOWHAT 11.11 20.1 0.05 0.16 0.199 GCINVEST 10.78 20.1 1.54 2.99 2.98100 EFICOM 10.71 20.03 0.30 0.97 0.62101 BRASTER 10.00 19.24 10.64 14.88 11.00102 MARSOFT 9.09 18.27 0.17 0.41 0.24103 GONTYNIEC 9 18.16 18.01 22.50 21.80104 8FORMULA 8.70 17.81 0.85 2.07 1.00105 GWARANT 8.64 17.77 1.47 3.60 3.05106 ISIAG 7.42 16.46 0.80 2.00 1.29107 ORPHEE 6.4 15.34 8.92 11.56 9.47108 COMPRESS 6.25 15.03 0.30 0.75 0.34109 INTELIWIS 6.25 15.19 0.60 1.70 0.85110 HYDRAPRES 5.28 14.13 0.32 0.48 0.37111 UNIMOTGAZ 5.26 14.1 2.3 3.34 3112 EKOBOX 5.08 13.91 2.30 3.42 2.87113 CSY 4.95 13.76 0.94 2.20 1.91114 PLATIGE 4.71 13.51 28.00 40.00 34.45115 SWISSPSM 4.29 13.06 0.95 2.07 1.7116 KORBANK 3.91 12.63 0.89 1.58 1.33117 FININT 3.5 12.2 0.92 2.77 2.30118 TECHMADEX 3.08 11.74 23.18 30 26.8119 ARTBIZNES 3.00 11.66 0.80 2.40 1.03120 INFOSYS 2.61 11.23 1.81 5.70 4.33229


Fact Book 2013Equities by rate of return in 2012 (contd.)No.CompanyRate of return sinceyear-beginning (%)PriceLow High Year-end(PLN) (EUR) (PLN) (PLN) (PLN)121 NOTORIA 2.27 10.86 2.82 5.00 4.50122 ICPGROUP 2.19 10.77 2.80 2.80 2.80123 INBOOK 1.35 9.91 0.55 0.94 0.75124 BGSENERGY 1.31 9.82 1.91 2.49 2.32125 PFH 1.14 9.64 5.81 9.30 7.99126 DEKTRA 0.87 9.34 10.30 16.81 12.46127 GOTFI 0.74 9.2 7.31 11.40 8.21128 BALTICON 0.00 8.50 0.11 0.27 0.13129 BIOFACTOR 0.00 8.39 2.12 2.45 2.20130 CCS 0.00 8.39 1.20 1.20 1.20131 GKSKAT 0 8.32 0.15 0.90 0.26132 GPPI 0 8.39 0.17 0.43 0.30133 LANGLOO 0 8.29 0.05 0.18 0.08134 MAXIMUS 0 8.46 0.10 0.22 0.12135 ONERAY 0 8.85 0.04 0.09 0.05136 PARTNER 0 8.43 0.07 0.30 0.11137 TRICEPS 0 8.39 1.51 16.38 2.2138 ASSETUS -0.57 7.78 1.04 19.30 8.00139 DRUKPAK -0.77 7.57 13.50 19.40 15.50140 TAXNET -1.4 6.89 0.9 1.75 1.41141 JRINVEST -1.43 6.85 4.93 8.30 6.90142 MODE -1.96 6.28 0.75 1.20 1.00143 EONET -2.12 6.1 8.00 34.80 11.07144 SURFLAND -2.13 6.11 0.76 1.5 0.92145 BIOMAXIMA -2.78 5.39 5.01 9.50 6.30146 MERA -2.99 5.16 1.74 2.78 1.95147 GREMPCO -3.39 4.72 0.34 0.72 0.57148 ESKIMOS -4.18 3.89 0.36 0.68 0.41149 UBOATLINE -5 3 0.53 1.05 0.95150 TWIGONET -5.22 2.75 3.27 3.7 3.27151 AKCEPTFIN -5.71 2.23 0.95 1.30 0.99152 SYNEKTIK -5.77 2.14 9.46 17 13.39153 ALEJA -6.00 2.12 0.03 0.69 0.47154 KOMPLEKS -6.04 1.87 0.27 1.10 0.95155 STERGAMES -6.67 1.18 0.46 4.22 0.56156 DOMLEK -7.45 0.33 19.01 32.69 24.48157 SUNEX -7.69 0 0.16 0.36 0.24158 SMSKREDYT -8.09 -0.36 1.05 4.14 1.25159 LSTECHHOM -8.8 -1.13 0.76 1.45 1.14230


NewConnectEquities by rate of return in 2012 (contd.)No.CompanyRate of return sinceyear-beginning (%)PriceLow High Year-end(PLN) (EUR) (PLN) (PLN) (PLN)160 GEOINVENT -9.09 -1.61 0.07 0.15 0.10161 DYWILAN -9.32 -1.7 3.99 4.45 3.99162 RUNICOM -9.68 -2.09 1.3 4.35 2.8163 TABLEO -9.91 -2.33 1.2 3 2164 GALVO -9.92 -2.37 0.54 1.90 1.09165 CALESCO -10.00 -2.44 1.10 2.02 1.35166 PROLOG -10.1 -2.55 8.99 10.09 8.99167 FORPOSTA -10.34 -2.81 10.51 14.35 13.00168 MALKOWSKI -10.38 -2.83 0.40 1.40 0.95169 ADASTRA -10.84 -3.35 0.88 9.95 2.55170 ERS -10.91 -3.37 0.36 0.90 0.49171 DOMZDROW -11.33 -3.89 1.10 1.50 1.33172 VGROUP -11.82 -4.41 12.5 16.34 13.58173 AQUABB -11.97 -4.58 8.00 12.50 9.60174 YURECO -12.2 -4.81 0.77 1.5 1.08175 EUROTAX -12.23 -4.86 3.04 6.24 3.89176 11BIT -12.24 -4.87 8.21 14.47 8.60177 CODEMEDIA -12.48 -5.13 20.00 37.99 28.30178 IZOBLOK -12.66 -5.33 18.31 35.70 20.00179 ACARTUS -13.04 -5.76 0.11 0.31 0.20180 IGORIA -13.33 -6.18 0.12 0.53 0.13181 BOA -14.29 -7.07 0.12 0.72 0.30182 AIRMARKET -15.60 -8.51 0.74 1.90 0.92183 ESOTIQ -15.94 -8.88 22.00 40.00 26.90184 SMOKESHOP -16.22 -9.13 0.53 1.93 0.62185 ABAK -16.49 -9.47 1.05 2.08 1.57186 01CYBATON -16.67 -9.56 0.03 0.07 0.05187 APIS -16.67 -9.56 0.03 0.07 0.05188 TELEMEDPL -16.67 -9.67 2.1 6.26 2.3189 AZTEC -16.82 -9.83 3.40 8.46 5.39190 KCSP -16.83 -9.83 0.24 0.65 0.57191 ORZLOPONY -16.83 -9.84 1.40 3.18 1.68192 EKOKOGEN -16.88 -9.87 0.54 0.84 0.64193 PROGRES -16.88 -9.89 10 32 13.3194 SAKANA -17.95 -11.1 0.24 0.6 0.32195 FINHOUSE -18.33 -11.48 0.60 1.77 0.98196 POLTRONIC -18.89 -12.07 0.50 1.06 0.73197 SARE -19.41 -12.64 2.43 5.45 2.45198 ALKAL -19.64 -12.89 1.96 5.00 2.25231


Fact Book 2013Equities by rate of return in 2012 (contd.)No.CompanyRate of return sinceyear-beginning (%)PriceLow High Year-end(PLN) (EUR) (PLN) (PLN) (PLN)199 VEDIA -19.7 -12.92 0.4 1 0.53200 ABSINVEST -20.00 -13.25 0.22 0.34 0.24201 MADKOM -20 -13.25 0.12 0.34 0.16202 SEKA -20.75 -14.09 5.9 8.1 6.01203 SLR -20.84 -14.18 15.22 21.8 18.2204 EMUZYKA -20.95 -14.3 0.77 1.26 0.83205 INWESTPL -21.05 -14.42 0.20 0.73 0.30206 MEDIACAP -21.05 -14.48 0.28 0.79 0.45207 RODAN -21.05 -14.41 0.85 1.59 0.9208 MORIZON -21.58 -14.99 1.15 2.00 1.49209 POLSKIHR -21.62 -15.04 0.23 0.49 0.29210 VENTUREIN -21.62 -15.04 0.24 0.58 0.29211 BIOMEDLUB -21.71 -15.13 4.22 9.00 4.94212 IPOSA -21.74 -15.16 0.12 0.32 0.18213 READGENE -22.27 -15.74 1 3.1 1.71214 T2INVEST -22.61 -16.13 0.48 1.75 0.89215 SYNKRET -23.02 -16.56 6.97 20.35 9.93216 MGMSYS -23.13 -16.67 1.17 4.69 1.23217 WERTHHOLZ -23.26 -16.84 0.3 0.46 0.33218 BIOERG -24.39 -18.04 0.56 1.17 0.62219 RCUNION -24.39 -18.06 0.62 1.48 0.93220 MOTORICUS -24.56 -18.28 0.29 0.95 0.43221 MARKA -24.57 -18.23 5.60 17.00 7.43222 XPLUS -24.7 -18.31 0.1 0.26 0.11223 5THAVENUE -24.71 -18.39 0.95 1.87 1.28224 FMOZAROW -25 -18.7 0.26 0.69 0.45225 TELESTO -25 -18.7 4 7.2 4.5226 EKANCELAR -25.09 -18.79 0.85 4.40 2.00227 EMONT -25.4 -19.07 0.35 0.65 0.47228 SUNTECH -25.58 -19.4 0.22 0.55 0.32229 ORGANIC -25.75 -19.52 4.05 9.00 5.94230 EGB -26 -19.78 1.51 3.45 1.88231 MEW -26.94 -20.8 2.90 6.30 4.15232 IBCPOLSKA -27.43 -21.33 3.65 7.60 3.81233 ECAUXILUM -28.02 -21.98 1.91 3.47 2.25234 MPLVERBUM -29.25 -23.29 0.46 1.25 0.75235 ROCCA -29.8 -23.9 1.06 1.51 1.06236 INNOGENE -29.85 -23.96 1.30 4.78 2.35237 M10 -30 -23.89 0.05 0.38 0.07232


NewConnectEquities by rate of return in 2012 (contd.)No.CompanyRate of return sinceyear-beginning (%)PriceLow High Year-end(PLN) (EUR) (PLN) (PLN) (PLN)238 MODECOM -30 -24.12 6.40 20.90 14.00239 CASPAR -30.23 -24.36 27.91 66.00 27.91240 WDBBU -30.43 -24.59 0.15 0.51 0.32241 BLUMERANG -30.97 -25.18 0.70 1.20 0.78242 INTERNITY -31.05 -25.25 3.80 7.00 3.99243 TERMOEXP -31.91 -26.19 3.2 5.5 3.2244 GENOMED -32.16 -26.46 11.92 22.80 13.50245 VIDIS -32.56 -26.89 0.9 2.3 1.45246 IPODS -32.66 -27.01 0.86 4.80 1.34247 INPOINT -32.89 -27.26 0.73 2.50 1.02248 ARTEFE -33.33 -27.94 0.03 0.08 0.04249 BLUETAX -33.33 -27.94 0.02 0.04 0.02250 PAKADEMIA -33.33 -27.82 0.03 4.04 4.00251 SITE -33.33 -27.94 0.05 0.15 0.06252 STARKDEV -33.33 -26.47 0.01 0.03 0.01253 PSWCAPITA -33.62 -28.07 0.46 1.07 0.5254 MEDIANPOL -34.15 -28.56 0.18 0.49 0.27255 POLNOCNR -34.29 -28.77 0.43 2.09 0.46256 ASTRO -34.56 -29.06 1.81 3.99 2.48257 PRYMUS -34.62 -29.13 1.45 3.88 1.7258 SPC -34.8 -29.2 0.09 0.39 0.14259 WIERZYCL -35.19 -29.74 0.04 0.13 0.07260 YOURIMAGE -35.38 -29.96 0.35 0.81 0.42261 BLIRT -35.52 -30.09 1.00 3.50 1.87262 MMCPL -35.76 -30.35 1.99 3.00 2.21263 SFKPOLKAP -35.78 -30.38 2.72 4.62 2.89264 FLUID -36.51 -31.14 0.22 1.35 0.40265 PPG -36.51 -31.14 0.33 0.72 0.40266 EKIOSK -36.84 -31.4 0.12 0.26 0.12267 EPICTURES -36.91 -31.6 0.51 2.14 0.94268 PPRICE -37.5 -32.32 0.07 0.21 0.10269 M4B -37.78 -32.58 0.25 0.68 0.28270 ROBINSON -38.5 -33.33 4.5 12.3 6.15271 PREFABET -38.59 -33.44 15 29.4 19.65272 ROVITA -39.02 -33.84 0.19 0.44 0.25273 ICMVISION -39.09 -33.97 1.20 1.93 1.20274 SSI -39.13 -33.97 0.1 0.26 0.14275 ONICO -39.17 -34.06 8.80 37.40 11.06276 CWPE -39.29 -34.23 0.20 0.73 0.34233


Fact Book 2013Equities by rate of return in 2012 (contd.)No.CompanyRate of return sinceyear-beginning (%)PriceLow High Year-end(PLN) (EUR) (PLN) (PLN) (PLN)277 FARM51 -39.38 -34.28 2.43 5.79 3.88278 STEMCELLS -39.39 -34.31 0.72 4.05 1.2279 MILKPOL -39.76 -34.69 0.27 0.89 0.48280 KME -40 -34.51 0.03 0.06 0.03281 PLANETSOF -40 -34.96 0.90 2.64 1.20282 URLOPYPL -40 -34.51 0.03 0.05 0.03283 KLON -40.38 -35.34 0.23 0.69 0.31284 AUTOSPA -40.75 -35.77 4.81 10.70 6.50285 NWAI -40.93 -35.97 4.45 17.85 8.27286 STANUSCH -40.95 -36 1 2.94 1.24287 ATCCARGO -41.35 -36.42 3.50 7.70 4.34288 APS -41.62 -36.72 1.61 3.90 2.18289 DASE -41.89 -37.01 0.20 0.90 0.43290 KBJ -42.26 -37.41 3.57 7.59 4.29291 DFP -42.86 -37.89 0.10 0.33 0.12292 JDB -42.86 -37.97 0.04 0.11 0.04293 TELIANI -43.1 -38.31 0.27 0.98 0.33294 COPERNIC -43.23 -38.46 93.00 150.00 93.00295 MAXIPIZZA -43.33 -38.59 0.15 0.35 0.17296 STOCKINFO -43.43 -38.69 0.28 2.7 0.56297 DOMENOMAN -43.56 -38.83 0.30 1.21 0.57298 SZAR -43.75 -38.95 0.07 0.22 0.09299 ADVERTIGO -44.00 -39.22 0.10 0.24 0.14300 BALTONA -44.16 -39.47 5.28 9.25 5.50301 ARTNEWMED -44.19 -39.53 0.08 0.43 0.24302 BLACKPOIN -44.79 -40.15 1.30 4.44 1.49303 FABRFORMY -44.93 -40.27 0.30 0.84 0.38304 B2BPARTNER -45.00 -40.40 0.21 0.54 0.22305 RSY -45.39 -40.8 0.93 4.79 2.25306 MINERAL -45.45 -40.87 0.49 0.98 0.54307 DIGITAL -45.59 -41.04 0.33 0.79 0.37308 VENITI -45.98 -41.44 1.92 6.39 2.89309 EBC -46 -41.45 0.91 2.35 1.08310 MAGNIFICO -46.59 -42.07 0.24 1.10 0.47311 OEM -47 -42.54 0.34 4.40 0.53312 GRUPAREC -47.26 -42.83 8.38 22.35 10.97313 ECOTECH -48 -43.64 0.45 1.60 0.65314 MAKORA -48 -43.64 0.08 0.33 0.13315 RUCHCHORZ -48 -43.64 0.63 2.09 0.91234


NewConnectEquities by rate of return in 2012 (contd.)No.CompanyRate of return sinceyear-beginning (%)PriceLow High Year-end(PLN) (EUR) (PLN) (PLN) (PLN)316 SELVITA -49.07 -44.79 2.28 5.5 2.74317 EASTSIDE -50 -45.96 0.01 0.04 0.02318 FUTURIS -50 -45.86 0.03 0.10 0.04319 GMK -50 -45.8 5.00 11.00 5.00320 NOVIAN -50 -44.44 0.01 0.02 0.01321 REMEDIS -50 -45.81 0.18 0.45 0.2322 VISION -50 -46.15 0.01 0.05 0.02323 ATSENERGY -50.13 -46.04 0.01 0.83 0.17324 ABEONET -50.46 -46.30 0.58 2.40 0.74325 STARFIT -51.93 -47.89 1.7 7 2326 PHOENIX -52.05 -48.03 0.36 1.74 0.70327 MONTUHOLD -52.55 -48.57 1.60 7.50 2.60328 I3D -52.87 -48.9 1.39 5.21 1.52329 PROXYAD -53.33 -49.31 0.05 0.44 0.07330 MBPARTNER -53.85 -50 0.05 0.19 0.06331 AGROMA -54.17 -50.32 0.22 0.57 0.22332 BIOMAX -54.18 -50.34 0.63 2.98 1.15333 NICOGAMES -54.55 -50.6 0.02 0.11 0.05334 NEMEX -54.68 -50.96 0.05 0.17 0.06335 EZO -55.54 -51.81 3.59 11.87 3.97336 SCOPAK -56.13 -52.44 1.82 4.75 2.04337 WBAY -56.25 -52.49 0.05 0.34 0.07338 INCANA -56.36 -52.69 0.21 0.69 0.24339 IMS -56.88 -53.27 0.69 1.88 0.69340 DAAH -57.38 -53.8 4.60 18.00 6.99341 AQUAPOZ -57.50 -53.93 4.77 23.50 9.60342 ALUMAST -57.89 -54.36 0.33 1.32 0.48343 LUXIMA -58.18 -54.77 0.05 0.35 0.08344 AEDES -58.33 -54.82 0.30 1.30 0.60345 LZMO -59.34 -55.93 1.46 6.10 2.48346 MBFACTORY -59.62 -56.22 0.30 1.23 0.42347 INTWORKS -59.7 -56.33 0.27 2.30 0.54348 ASTORIA -60.00 -56.51 0.04 0.15 0.05349 IMMOFUND -60 -56.57 0.09 0.55 0.14350 LIBERTY -60 -56.64 0.04 0.30 0.04351 DOBRANASZA -60.77 -57.47 1.96 7.45 2.14352 TERRA -61.75 -58.54 0.57 3.4 0.83353 GREENENER -62.5 -59.3 0.07 0.30 0.09354 RICHTER -62.8 -59.68 0.65 2.25 0.77235


Fact Book 2013Equities by rate of return in 2012 (contd.)No.CompanyRate of return sinceyear-beginning (%)PriceLow High Year-end(PLN) (EUR) (PLN) (PLN) (PLN)355 HOTBLOK -62.96 -59.93 0.02 0.75 0.04356 CCTOOLS -63.33 -60.25 0.40 2.28 0.44357 BINARY -63.57 -60.51 0.70 5.38 1.96358 FONECO -63.64 -60.64 0.06 0.23 0.08359 DEMOLEN -64.34 -61.34 4.00 15.00 4.60360 EASYCALL -64.58 -61.61 0.70 3.00 0.85361 HEFAL -65.81 -62.93 0.37 1.28 0.40362 DORADCY24 -66.67 -63.24 0.01 0.03 0.01363 GPFCAUSA -66.67 -63.24 0.01 0.05 0.01364 KOMFORTKM -66.67 -63.97 0.01 0.15 0.04365 LAURENPES -66.67 -63.73 0.02 0.10 0.03366 REVITUM -66.67 -63.87 0.96 3.8 1367 SYMBIO -67.07 -64.31 1.2 4.4 1.35368 BIOGENED -67.31 -64.56 17.00 70.00 17.00369 LOKATYBUD -67.39 -64.65 0.14 0.57 0.15370 STOPKLA -68.02 -65.34 1.26 5.03 1.5371 BLOOBER -68.15 -65.47 3.60 21.90 6.53372 MTC -68.97 -66.36 0.07 0.31 0.09373 WAKEPARK -68.97 -66.34 0.15 0.61 0.18374 REKLAPL -69.23 -66.67 0.03 0.15 0.04375 FOREVEREN -69.48 -66.92 0.57 2.50 0.65376 ATONHT -69.78 -67.24 0.47 4.08 0.55377 STIGROUP -70.37 -67.92 0.04 0.36 0.08378 DXD -70.91 -68.48 0.20 1.69 0.21379 DENTAMDC -71.43 -69.09 0.03 0.14 0.04380 VELTO -71.67 -69.29 0.07 0.6 0.17381 PLAYMAKER -72.73 -70.48 0.05 0.45 0.06382 ESPEROTIA -73.33 -71.05 0.11 0.45 0.12383 ZOC -74.23 -72.06 0.4 2.65 0.5384 IDH -75 -72.53 0.01 0.04 0.01385 PHARMENA -75 -72.9 6.09 27.00 6.16386 VIAGUARA -75 -72.53 0.01 0.06 0.01387 LETUS -76.56 -74.6 0.14 0.69 0.15388 EXDEBT -76.67 -74.67 0.07 0.66 0.14389 COOLMARK -76.92 -75 0.12 1.14 0.15390 INVESTREM -76.92 -75.04 0.06 0.31 0.06391 APOLONIA -77.14 -75.25 0.06 0.57 0.08392 GRJAGUAR -77.14 -75.22 0.67 8.50 0.83393 OPENNET -77.44 -75.55 0.45 15.00 2.03236


NewConnectEquities by rate of return in 2012 (contd.)No.CompanyRate of return sinceyear-beginning (%)PriceLow High Year-end(PLN) (EUR) (PLN) (PLN) (PLN)394 BROADGATE -78.18 -76.35 0.65 3.86 0.84395 GENERGY -78.41 -76.61 0.15 0.89 0.19396 FACHOWCY -78.69 -76.9 0.11 1.24 0.13397 EMMERSON -81.16 -79.58 0.13 0.75 0.13398 VENTURION -81.43 -79.87 0.12 2.16 0.13399 PARTEX -81.82 -80.21 0.02 0.20 0.03400 MERIT -83 -81.58 0.28 3.20 0.34401 VCP -83.53 -82.15 0.44 3.45 0.56402 MGAMES -84.5 -83.19 0.22 2.50 0.31403 APLINTER -85.48 -84.26 0.80 6.60 0.80404 WESTREAL -86.04 -84.87 0.36 4.39 0.67405 SOBET -86.32 -85.17 0.08 1.05 0.13406 ICPD -86.47 -85.35 0.16 1.70 0.23407 ALDA -86.79 -85.68 0.51 7.55 0.70408 TAMEX -87.29 -86.22 0.8 6.47 0.82409 MONDAY -88.02 -87.01 1.61 21.17 2.55410 C2A -88.24 -87.27 0.03 0.85 0.04411 CERABUD -88.40 -87.44 0.01 1.65 0.60412 MDEVELOP -88.46 -87.51 0.04 1.09 0.06413 DIRECTES -88.57 -87.63 0.06 0.87 0.08414 GRAPHIC -88.83 -87.89 0.65 18.00 1.34415 OPTIZENLB -89 -88.07 0.36 6.00 0.66416 BPC -90.00 -89.13 0.04 0.50 0.05417 JANTAR -90.91 -90.16 0.07 0.88 0.08418 RELIGADEV -91.67 -90.81 0.01 0.13 0.01419 GLOBALTR -91.95 -91.27 0.06 1.26 0.07420 VENO -92.36 -91.72 0.01 1.76 0.71421 POSITIVE -94.44 -93.98 0.11 2.40 0.11422 WASPOL -95 -94.58 0.18 4 0.18423 APOLLO -96.50 -96.20 0.04 3.00 0.07424 EMPORIUM -97.66 -97.46 0.05 2.00 0.05425 BUDUS -99.39 -99.34 0.07 20.50 0.10237


Fact Book 2013Equities with the highest rates of return in subsequent months of 2012 on NewConnectMonth Equities Return (%)(PLN)(EUR)January NOVAINV 143.75 154.97February MDEVELOP 181.25 189.36March MWTENIS 208.33 208.68April EONET 109.55 109.02May CLOUD 143.33 131.33June ATSENERGY 209.63 218.06July FLYPL 266.00 279.71August ELKOPNRG 421.32 416.00September BGE 364.71 372.91October TERMOREX 2857.14 2844.71November CWPE 230.00 232.02December BIOMASS 1000.00 1006.56Dividends paid by NewConnect companies in 2012No. CompanyGeneral Meetingdate(dd.mm)Record date(dd.mm)Dividend pershare(PLN)1 ONICO 5.03 20.03 4.402 SPC 16.03 15.06 0.023 I3D 28.03 28.06 0.184 DANKS 30.03 26.06 0.265 DEKTRA 11.04 27.04 1.506 APS 9.05 24.05 0.147 PHARMENA 14.05 14.06 0.058 PGSSOFT 14.05 31.05 0.119 CODEMEDIA 15.05 25.06 1.3710 ORIONINV 22.05 22.08 1.6211 WODKAN 25.05 23.07 0.1412 COPERNIC 28.05 8.06 3.0013 EUROTAX 29.05 11.06 0.5614 BLACKPOIN 4.06 18.06 0.2515 GWARANT 12.06 25.07 0.3016 TMSBROKER 12.06 26.06 0.3017 AQUABB 14.06 28.06 0.1818 AITON 15.06 28.06 0.7419 GRUPAHRC 19.06 2.07 0.0120 SEKA 19.06 29.06 0.1021 ANALIZY 20.06 29.06 0.4022 WIERZYCL 21.06 5.07 0.01238


NewConnectDividends paid by NewConnect companies in 2012 (contd.)No. CompanyGeneral Meetingdate(dd.mm)Record date(dd.mm)Dividend pershare(PLN)23 HYDRAPRES 21.06 20.09 0.0124 EKOBOX 23.06 9.08 0.3025 EGB 27.06 6.07 0.1026 ECAUXILUM 27.06 6.07 0.2527 EKOPOL 27.06 23.08 0.0228 INTERNITY 28.06 10.07 0.1829 ESKIMOS 28.06 16.07 0.0330 MAKOLAB 29.06 16.07 0.0331 MILKPOL 29.06 10.07 0.0332 KOMPLEKS 29.06 16.07 0.0333 LUG 29.06 28.09 0.0134 ISIAG 29.06 9.07 0.0435 PCZ 29.06 31.07 0.1036 XSYSTEM 30.06 16.07 0.0337 STARFIT 30.06 25.07 0.1038 VERBICOM 12.07 1.08 0.0139 XPLUS 31.07 31.08 0.0240 GRODNO 27.09 5.11 0.03* Dividend for foreign companies has been converted at the NBP’s average exchange rate as of therecord date.Shares and rights to shares (PDA) with highest daily turnover in 2012No. SharesDate(dd.mm)Turnovervalue(PLNmillion)Turnovervolume(million ofshares)1 ZWG 24.02 9.03 4.902 DTP 22.08 8.10 0.913 ZWG 12.03 7.56 3.444 ZWG 09.03 6.81 3.355 ZWG 23.02 6.45 4.356 ZWG 02.03 6.41 3.607 ZWG 13.03 5.60 2.298 ZWG 17.04 5.48 2.559 ZWG 08.03 5.37 2.8610 ZWG 18.04 4.67 1.9311 SCOPAK 22.08 4.61 1.4412 BRIJU 18.12 4.60 0.3413 ZWG 15.03 4.31 1.81No. SharesDate(dd.mm)Turnovervalue(PLNmillion)Turnovervolume(million ofshares)14 ZWG 14.03 4.26 1.7115 ZWG 23.03 4.07 1.6716 ZWG 17.02 3.98 2.9017 ZWG 27.02 3.87 2.1418 ZWG 19.04 3.82 1.6519 PRYMUS 20.12 3.74 2.1120 ZWG 16.03 3.65 1.5521 ZWG 30.03 3.44 1.4422 ZWG 28.03 3.31 1.4123 ZWG 26.04 3.08 1.2624 ZWG 26.03 3.00 1.2125 BRIJU 28.08 2.94 0.2026 ZWG 20.02 2.87 2.10239


Fact Book 2013Shares and rights to shares (PDA) with highest daily turnover in 2012 (contd.)No. SharesDate(dd.mm)Turnovervalue(PLNmillion)Turnovervolume(million ofshares)27 ZWG 20.04 2.81 1.2728 KOPAHAUS 22.08 2.73 1.9629 ZWG 06.03 2.70 1.5730 FACHOWCY 18.05 2.68 7.0231 PLATIGE 23.08 2.56 0.0732 ZWG 21.02 2.45 1.7533 ZWG 07.03 2.45 1.4134 TERMOREX 02.10 2.40 2.4035 ZWG 21.03 2.31 0.9736 FACHOWCY-PDA 02.03 2.31 3.0437 ZWG 24.04 2.23 0.9738 ZWG 02.05 2.18 0.9239 GCINVEST 23.08 2.17 0.8740 ZWG 05.03 2.13 1.1941 PPG 24.04 2.12 3.1442 ZWG 16.02 1.93 1.5443 ZWG 30.04 1.90 0.8144 ALEJA-PDA 14.06 1.89 12.1245 ZWG 19.03 1.88 0.8346 ESOTIQ 28.03 1.86 0.0647 ATONHT 03.04 1.82 0.4848 ZWG 15.02 1.81 1.6149 INTERNITY 23.08 1.80 0.4150 ZWG 17.05 1.79 0.8051 ZWG 23.04 1.78 0.8052 ZWG 02.04 1.77 0.7353 FACHOWCY 03.04 1.72 1.5754 PPG 23.04 1.71 2.5755 ZWG 29.03 1.69 0.7456 ZWG 13.08 1.67 0.5957 FACHOWCY-PDA 24.02 1.66 1.4558 ZWG 05.04 1.63 0.7259 MGAMES 14.11 1.63 2.3160 NICOGAMES 16.10 1.63 18.4261 ZWG 10.04 1.61 0.7262 PLASMA 07.12 1.60 0.1163 ZWG 25.04 1.59 0.65No. SharesDate(dd.mm)Turnovervalue(PLNmillion)Turnovervolume(million ofshares)64 PARTNER 16.11 1.57 8.1165 ZWG 22.03 1.53 0.6266 PSWCAPITA 30.01 1.49 1.7867 ZWG 20.03 1.49 0.6568 MARKA 16.02 1.47 0.1369 PPG 25.04 1.46 2.1570 ZWG 07.09 1.43 0.3771 ZWG 10.05 1.42 0.6372 FORPOSTA 13.09 1.42 0.1173 ZWG 11.04 1.41 0.7074 ZWG 16.05 1.38 0.6375 FACHOWCY-PDA 17.02 1.38 0.9676 MEDICALG 12.03 1.37 0.0277 ZWG 11.05 1.36 0.6378 INVENTI 09.11 1.36 3.2679 INVENTI 14.11 1.36 1.1380 ZWG 27.04 1.34 0.5781 INVENTI 20.11 1.33 0.8382 MDEVELOP 29.03 1.32 4.6483 DTP 18.06 1.30 0.1784 ALEJA-PDA 28.06 1.28 9.8485 ZWG 27.03 1.28 0.5386 INVISTA 30.01 1.26 2.8687 FACHOWCY-PDA 27.02 1.25 1.2588 COPERNIC 30.08 1.24 0.0189 ORPHEE 03.12 1.23 0.1290 ZWG 02.08 1.22 0.4991 HURTIMEX 20.01 1.22 2.0292 11BIT 04.07 1.22 0.1393 INVENTI 12.11 1.18 1.7994 PPG 20.04 1.18 1.8295 ZWG 14.09 1.18 0.2896 ZWG 03.04 1.17 0.4997 FACHOWCY-PDA 15.02 1.17 0.6598 FUTURIS 28.02 1.17 19.1199 INVENTI 13.11 1.14 1.36100 ZWG 16.08 1.13 0.34240


NewConnectRights to shares (PDA) by turnover in 2012No. Company Ticker Order-book trades Block tradesTurnovervalueShare inturnoverAnnualturnoverratioAveragevolumeper sessionAveragenumber oftransactionsper sessionAveragenumberof orderspersession(PLN million) (%) (%) (equities) (PLN million)Turnover Number ofvalue transactions1 FACHOWCY-PDA FAVA 17.0 37.33 1690.33 602 769 203 534 - -2 ALEJA-PDA ALSA 8.9 19.52 822.93 878 410 60 255 - -3 PRESTO-PDA PSTA 5.8 12.73 510.46 279 704 39 123 - -4 ARI-PDA ARIA 2.5 5.54 408.22 279 497 156 461 - -5 MBFACTORY-PDA MBFA 2.0 4.40 679.71 10 095 26 127 - -6 NICOGAMES-PDA NGSA 1.8 3.91 74.71 975 105 44 205 - -7 WEEDO-PDA WDOA 0.9 2.00 198.09 8 946 18 102 - -8 DXD-PDA DXDA 0.8 1.85 63.28 12 203 10 62 - -9 KME-PDA KMEA 0.8 1.71 208.02 238 679 28 143 - -10 INWAZJAPC-PDA IPCA 0.7 1.52 49.61 38 848 6 41 - -11 SLR-PDA SLRA 0.7 1.49 47.86 1 126 16 80 - -12 PILAB-PDA PILA 0.6 1.34 76.64 5 748 22 108 - -13 KKHERBAL-PDA KKHA 0.5 1.19 166.31 8 046 21 119 - -14 STARFIT-PDA SFIA 0.4 0.86 22.03 3 029 17 76 - -15 PARTNER-PDA PRNA 0.4 0.81 25.77 134 474 18 90 - -16 SPC-PDA SPCA 0.3 0.75 46.46 12 335 3 27 - -17 VIVID-PDA VVDA 0.3 0.64 12.91 24 693 7 60 - -18 OPTONET-PDA OTNA 0.2 0.40 113.87 12 653 9 81 - -19 FOREVEREN-PDA FORA 0.2 0.37 3.42 6 288 10 57 - -20 ICPGROUP-PDA ICPA 0.1 0.31 23.26 1 124 5 41 - -21 MEDIANPOL-PDA MDNA 0.1 0.29 27.99 4 402 5 39 - -22 FORPOSTA-PDA FPOA 0.1 0.22 1.62 335 3 32 - -23 ZWG-PDA ZWGA 0.1 0.18 2.45 9 795 18 83 - -24 FMOZAROW-PDA FMOA 0.1 0.15 11.11 706 1 20 - -25 PINOTCARO-PDA PCRA 0.1 0.11 1.07 1 609 3 33 - -26 ALDA-PDA ALDA 0.0 0.07 3.54 133 3 26 - -27 DXD-PDA DXDA 0.0 0.07 12.65 1 840 8 49 - -30 RELIGADEV-PDA RELA 0.0 0.07 2.20 3 732 2 45 - -29 AEDES-PDA AEDA 0.0 0.04 2.10 572 2 22 - -241


Fact Book 2013Rights to shares (PDA) by turnover in 2012 (contd.)No. Company Ticker Order-book trades Block tradesTurnovervalueShare inturnoverAnnualturnoverratioAveragevolumeper sessionAveragenumber oftransactionsper sessionAveragenumberof orderspersession(PLN million) (%) (%) (equities) (PLN million)Turnover Number ofvalue transactions30 SYNKRET-PDA SYNA 0.0 0.04 1.19 224 5 22 - -31 VENITI-PDA VNTA 0.0 0.04 5.10 282 2 27 - -32 VGROUP-PDA VGSA 0.0 0.04 0.35 34 1 29 - -33 F24-PDA F24A 0.0 0.02 0.55 5 227 2 25 - -34 ALUMAST-PDA ALUA 0.0 0.00 0.04 43 0 21 - -35 BLIRT-PDA BLRA 0.0 0.00 0.00 0 0 16 - -36 EASTSIDE-PDA ESCA 0.0 0.00 0.01 92 0 4 - -37 EUROSNACK-PDA ECKA 0.0 0.00 0.61 400 0 5 - -38 POSITIVE-PDA POSA 0.0 0.00 0.08 179 0 24 - -39 VENO-PDA VENA 0.0 0.00 0.06 9 620 1 39 - -242


NewConnectCompanies by market value (end of 2012)No. CompanyNo. of shares(items)Market value(PLN million)Marketshare(%)P/BV P/E Dividendyield(%)Domestic companies1 PCZ 36 250 000.00 1 809.60 16.75 4.37 154.4 0.32 TERMOREX 113 000 000.00 904.00 8.37 73.52 x ---3 ELKOPNRG 16 250 000.00 510.25 4.72 269.40 x ---4 DTP 35 714 000.00 314.28 2.91 3.92 37.7 ---5 ELEMENTAL 103 163 727.00 257.91 2.39 2.28 20.0 ---6 PPG 619 034 378.00 247.61 2.29 0.72 19.3 ---7 MEDICALG 3 421 926.00 225.85 2.09 3.16 37.3 ---8 BIOMEDLUB 38 560 410.00 190.49 1.76 3.90 654.6 ---9 MOSTALWRO 74 540 776.00 171.44 1.59 3.86 30.7 ---10 ZWG 28 080 000.00 133.94 1.24 14.73 47.8 ---11 TILIA 1 000 000.00 125.00 1.16 18.41 x ---12 AQUABB 12 986 996.00 124.68 1.15 0.36 14.1 1.913 PLATIGE 3 182 857.00 109.65 1.01 4.97 x ---14 FLYPL 41 545 000 109.26 1.01 28.49 x ---15 COPERNIC 1 155 056 107.42 0.99 2.46 17 3.116 CUBEITG 76 704 477 107.39 0.99 1.08 x ---17 MABION* 6 900 000.00 103.50 0.96 4.87 x ---18 GCINVEST 32 438 184 96.67 0.89 0.83 3.4 ---19 SCOPAK 47 350 000 96.59 0.89 2.46 x ---20 SYNEKTIK* 6 682 000.00 89.47 0.83 6.02 x ---21 BRIJU 5 978 260 86.09 0.80 3.97 18.8 ---22 DAAH 10 903 697 76.22 0.71 2.91 60.9 ---23 COLEOS 37 000 000 74.00 0.68 11.73 x ---24 SMT 5 369 577 72.49 0.67 5.37 15.4 ---25 PGSSOFT 27 641 405.00 71.31 0.66 9.99 x 4.326 DRUKPAK 4 171 472 64.66 0.60 1.60 15 ---27 KOPAHAUS 52 495 000.00 62.99 0.58 5.95 16.1 ---28 TPH 29 400 000.00 62.92 0.58 1.44 8.6 ---29 BAUMAL 6 600 000.00 62.83 0.58 5.92 4.9 ---30 BALTONA 11 256 577 61.91 0.57 2.80 x ---31 STOCKINFO 108 870 000.00 60.97 0.56 287.58 x ---32 PROGRES* 4 440 000.00 59.05 0.55 2.08 3.6 ---33 WEGLOPEX 230 000 000.00 57.50 0.53 2.34 x ---243


Fact Book 2013Companies by market value (end of 2012) (contd.)No. CompanyNo. of shares(items)Market value(PLN million)Marketshare(%)P/BV P/E Dividendyield(%)34 SYNKRET 5 620 242.00 55.81 0.52 17.13 x ---35 FHDOM 3 000 000 55.50 0.51 5.78 x ---36 EKANCELAR 26 700 000 53.40 0.49 5.65 25.1 ---37 CASPAR 1 841 577.00 51.40 0.48 5.51 x ---38 BIOMAX 44 560 000.00 51.24 0.47 3.97 x ---39 TELESTR* 3 341 895 48.46 0.45 3.80 12.9 ---40 EMCAPITAL 50 000 000.00 47.50 0.44 5.00 x ---41 INVISTA 78 971 946.00 47.38 0.44 1.47 x ---42 CODEMEDIA 1 669 385.00 47.24 0.44 2.32 11.0 4.643 ESOTIQ* 1 754 000.00 47.18 0.44 1.90 12.7 ---44 QUART 12 830 000.00 46.83 0.43 1.68 21.3 ---45 WINDMOBIL 7 292 245 45.94 0.43 4.20 18 ---46 CFBPS 8 363 508 45.16 0.42 2.70 30.9 ---47 PHARMENA 7 036 042.00 43.34 0.40 2.52 37.4 0.748 PFH 5 408 325.00 43.21 0.40 2.49 68.8 ---49 BALTICON 310 500 000 40.37 0.37 0.98 46.9 ---50 SUNEX 162 332 280.00 38.96 0.36 1.94 53.1 ---51 ADMIRAL 38 075 060.00 37.69 0.35 3.10 26.8 ---52 GRODNO 12 300 000.00 37.39 0.35 1.54 11.5 1.053 SCANMEDMM 11 500 000 36.80 0.34 0.89 44 ---54 01CYBATON 717 332 160.00 35.87 0.33 1.10 x ---55 AUTOSPA 5 408 679 35.16 0.33 3.61 x ---56 WODKAN 5 118 675.00 34.55 0.32 0.16 31.7 2.157 INTERNITY* 8 330 000.00 33.24 0.31 2.40 8.0 4.558 RUNICOM 11 675 685.00 32.69 0.30 6.49 x ---59 FITEN 14 100 000 32.57 0.30 1.29 16.2 ---60 SLR 1 788 000 32.54 0.30 5.37 22.9 ---61 PSWCAPITA 60 000 000.00 30.00 0.28 0.52 x 28.962 ORIONINV 1 082 312.00 29.76 0.28 1.29 20.5 5.963 NFPL 12 767 308.00 29.36 0.27 3.46 13.6 ---64 TECHMADEX 1 074 700 28.80 0.27 2.84 x ---65 SELVITA 10 463 566.00 28.67 0.27 3.99 x ---66 ATCCARGO 6 500 000.00 28.21 0.26 2.62 x ---67 PLASMA 2 000 000.00 28.00 0.26 1.53 7.3 ---244


NewConnectCompanies by market value (end of 2012) (contd.)No. CompanyNo. of shares(items)Market value(PLN million)Marketshare(%)P/BV P/E Dividendyield(%)68 BRASTER 2 472 291 27.20 0.25 2.93 x ---69 JRINVEST 3 900 000.00 26.91 0.25 1.25 7.7 ---70 INVICO 13 751 572.00 26.27 0.24 1.14 28.1 ---71 LUG 7 198 570.00 25.99 0.24 0.68 6.5 6.972 COMPERIA 1 357 084.00 25.85 0.24 7.71 14.8 ---73 GONTYNIEC 1 178 600.00 25.69 0.24 2.24 16.2 ---74 DOMLEK 1 040 013.00 25.46 0.24 8.92 909.3 ---75 EKOBOX 8 826 000.00 25.33 0.23 2.24 12.7 10.576 ORGANIC 4 182 326.00 24.84 0.23 1.72 x ---77 ROTOPINO 10 000 000.00 24.60 0.23 2.04 28.5 ---78 ASTRO 9 900 000 24.55 0.23 1364.00 x ---79 EGB 13 054 000.00 24.54 0.23 0.63 4.9 5.380 DENTAMDC 611 713 655.00 24.47 0.23 27.96 x ---81 5THAVENUE 19 060 000 24.40 0.23 2.42 105.2 ---82 SEKA 4 000 000.00 24.04 0.22 0.94 10.8 1.783 WIDOKEN 25 909 133.00 23.84 0.22 0.84 x ---84 HORTICO 11 184 090.00 23.60 0.22 1.71 16.3 ---85 IMS 33 115 036.00 22.85 0.21 2.51 19.0 ---86 EONET 2 059 379 22.80 0.21 2.17 x ---87 BIOGENED 1 311 555 22.30 0.21 0.88 13.4 ---88 LZMO 8 930 000.00 22.15 0.21 1.19 x ---89 DYWILAN 5 284 000.00 21.08 0.20 5.73 x ---90 INVENTI 23 232 000.00 20.68 0.19 4.97 135.1 ---91 READGENE 11 790 010.00 20.16 0.19 5.25 x ---92 ADMASSIVE 1 350 000 20.05 0.19 5.50 16.9 ---93 AITON 10 122 730 19.94 0.18 3.39 19.2 3.894 MERA 10 092 500.00 19.68 0.18 0.36 5.4 ---95 EUROTAX 5 000 000.00 19.45 0.18 8.20 12.1 14.496 BIOMAXIMA 3 040 000.00 19.15 0.18 2.34 22.5 ---97 11BIT 2 217 199.00 19.07 0.18 3.11 18.0 ---98 CCS 15 891 000.00 19.07 0.18 2.20 x ---99 LSTECHHOM 16 700 000.00 19.04 0.18 4.78 x ---100 FORPOSTA 1 454 546 18.91 0.18 4.17 x ---101 SMSKREDYT* 15 000 000.00 18.75 0.17 2.77 10.5 ---245


Fact Book 2013Companies by market value (end of 2012) (contd.)No. CompanyNo. of shares(items)Market value(PLN million)Marketshare(%)P/BV P/E Dividendyield(%)102 EPIGON 108 750 000 18.49 0.17 1.96 5.8 ---103 AZTEC 3 414 667 18.41 0.17 1.62 18 ---104 VGROUP 1 341 000.00 18.21 0.17 4.21 41.7 ---105 ASSETUS 2 250 000.00 18.00 0.17 31.25 x ---106 GENOMED 1 321 301.00 17.84 0.17 4.25 x ---107 INFOSYS 4 107 076.00 17.78 0.16 2.22 12.7 ---108 IDH 1 760 777 268.00 17.61 0.16 0.22 x ---109 NOVIAN 1 756 161 332.00 17.56 0.16 0.27 x ---110 GENERGY 92 000 000.00 17.48 0.16 0.44 9.1 ---111 VIVID 25 300 000 17.46 0.16 3.92 70.7 ---112 WERTHHOLZ 52 800 000 17.42 0.16 1.31 x ---113 BGE 6 951 233.00 17.38 0.16 15.96 x ---114 PREFABET 876 627.00 17.23 0.16 0.61 2.7 ---115 MARKA 2 314 286.00 17.20 0.16 1.30 10.5 ---116 PRYMUS 10 000 000.00 17.00 0.16 1.48 6.8 ---117 MINOX 34 526 451.00 16.92 0.16 0.47 1.6 ---118 EZO 4 257 777.00 16.90 0.16 2.25 x ---119 ADUMA 1 206 251 16.68 0.15 4.79 34.8 ---120 IZOBLOK 828 700.00 16.57 0.15 0.94 23.1 ---121 MODECOM 1 180 284.00 16.52 0.15 1.04 10.7 ---122 TROMEDIA 13 650 000.00 16.52 0.15 0.95 6.7 ---123 BIOMASS 15 000 000 16.50 0.15 11.89 x ---124 BLACKPOIN 11 000 000.00 16.39 0.15 0.67 4.9 17.1125 MORIZON 10 948 520.00 16.31 0.15 5.76 x ---126 TAMEX 19 450 000.00 15.95 0.15 1.14 x ---127 ANALIZY 1 320 000 15.84 0.15 5.55 15.5 3.3128 NAVIMORIN 2 727 050.00 15.63 0.14 1.22 x ---129 NWAI 1 851 500.00 15.31 0.14 2.12 12.6 ---130 RUCHCHORZ 16 790 701.00 15.28 0.14 57.88 x ---131 GWARANT 5 000 000.00 15.25 0.14 3.23 8.2 9.8132 ONICO 1 375 000.00 15.21 0.14 2.53 7.0 39.8133 ASTORIA 302 077 132 15.10 0.14 0.52 x ---134 GRUPAREC 1 376 671.00 15.10 0.14 1.08 x ---135 IAI 8 156 235.00 15.09 0.14 6.11 x ---246


NewConnectCompanies by market value (end of 2012) (contd.)No. CompanyNo. of shares(items)Market value(PLN million)Marketshare(%)P/BV P/E Dividendyield(%)136 ICPGROUP 5 337 468.00 14.94 0.14 8.28 16.6 ---137 FARM51 3 760 000.00 14.59 0.14 5.23 x ---138 ADASTRA 5 576 932.00 14.22 0.13 91.16 x ---139 I3D 9 290 000.00 14.12 0.13 3.52 x 10.9140 GREMPCO 24 612 300.00 14.03 0.13 0.43 66.5 ---141 SPC 100 000 000 14.00 0.13 1.21 14.1 2.5142 BBCONSULT 3 675 000.00 13.85 0.13 3.06 x ---143 PILAB 1 470 000.00 13.82 0.13 14.33 x ---144 DEKTRA 1 104 000.00 13.76 0.13 3.25 10.5 12.0145 CSY 7 200 000.00 13.75 0.13 1.68 16.4 ---146 GOTFI 1 640 000.00 13.46 0.12 4.07 22.2 ---147 TELEMEDPL 5 800 000 13.34 0.12 6.10 43.6 ---148 HYDRAPRES 35 934 992.00 13.30 0.12 0.75 7.7 2.7149 ORZLOPONY 7 878 888.00 13.24 0.12 1.15 x ---150 ECAUXILUM 5 881 000 13.23 0.12 0.93 x 11.1151 SFKPOLKAP 4 550 000.00 13.15 0.12 0.74 11.0 ---152 STARKDEV 1 300 000 000.00 13.00 0.12 0.80 x ---153 MPAY 44 800 000.00 12.99 0.12 1.91 x ---154 RCUNION 13 840 209.00 12.87 0.12 1.79 x ---155 URLOPYPL 420 000 000 12.60 0.12 0.94 x ---156 ALKAL 5 547 620.00 12.48 0.12 1.25 7.9 ---157 SSI 88 500 000.00 12.39 0.11 0.92 4.8 ---158 INNOGENE 5 202 522.00 12.23 0.11 11.47 x ---159 S4E 1 737 171.00 12.16 0.11 1.06 4.0 ---160 ABSINVEST 49 000 000.00 11.76 0.11 0.79 29.0 ---161 APS 5 296 839 11.55 0.11 1.17 5.9 6.4162 IBCPOLSKA 3 012 244.00 11.48 0.11 2.81 x ---163 VEDIA 21 213 393.00 11.24 0.10 1.24 47.2 ---164 VERBICOM 8 689 996.00 11.21 0.10 2.08 21.1 0.8165 ROCCA 10 345 000.00 10.97 0.10 6.90 x ---166 DEMOLEN 2 350 000.00 10.81 0.10 1.02 x ---167 POLMAN 34 730 250.00 10.77 0.10 1.31 8.0 ---168 SFD 44 480 000.00 10.68 0.10 0.97 x ---169 MEW 2 521 093.00 10.46 0.10 3.39 x ---247


Fact Book 2013Companies by market value (end of 2012) (contd.)No. CompanyNo. of shares(items)Market value(PLN million)Marketshare(%)P/BV P/E Dividendyield(%)170 ARTBIZNES 10 000 000 10.30 0.10 3.01 x ---171 RODAN 11 162 810.00 10.05 0.09 0.59 53.4 ---172 ATONHT* 18 202 056.00 10.01 0.09 0.57 x ---173 NICOGAMES 197 987 341.00 9.90 0.09 0.79 x ---174 SZAR 110 000 000.00 9.90 0.09 0.60 7.0 ---175 APIS 195 845 000.00 9.79 0.09 1.10 x ---176 UNIMOTGAZ 3 203 797.00 9.61 0.09 0.68 7.1 ---177 MAKOLAB 7 074 730.00 9.55 0.09 2.01 8.6 2.2178 MOMO 26 000 000.00 9.36 0.09 3.16 x ---179 FABRFORMY 24 485 020 9.30 0.09 1.04 20 ---180 PROLOG 1 000 000.00 8.99 0.08 3.03 x ---181 RAJDY4X4 8 144 695.00 8.88 0.08 1.28 x ---182 ROBINSON 1 444 642.00 8.88 0.08 1.77 29.9 ---183 FLUID 21 996 040.00 8.80 0.08 0.36 6.5 ---184 ISIAG 6 800 000.00 8.77 0.08 2.11 8.9 3.1185 FONECO 109 000 000.00 8.72 0.08 0.43 x ---186 BLOOBER 1 330 789 8.69 0.08 1.18 26.9 ---187 ESKIMOS 20 667 197 8.47 0.08 0.61 13.8 7.3188 ECOTECH 12 930 687.00 8.40 0.08 0.54 x ---189 AQUAPOZ 870 000 8.35 0.08 0.72 5 ---190 RSY 3 700 000.00 8.33 0.08 2.60 93.5 ---191 DOMEXBUD 5 412 537 8.12 0.08 1.10 x ---192 BLIRT 4 286 347.00 8.02 0.07 2.66 x ---193 EASTSIDE 398 038 617 7.96 0.07 0.44 32.5 ---194 STEMCELLS 6 636 500.00 7.96 0.07 3.20 x ---195 REMEDIS 39 126 666.00 7.83 0.07 2.02 x ---196 SEVENET 6 676 533 7.81 0.07 0.75 10.7 ---197 MALKOWSKI 8 040 400.00 7.64 0.07 0.58 36.7 ---198 MBPARTNER 126 226 025.00 7.57 0.07 0.38 x ---199 IU 4 445 000.00 7.51 0.07 4.83 19.5 ---200 BLUMERANG 9 600 000.00 7.49 0.07 0.54 2.2 ---201 EKOPOL 2 594 532 7.39 0.07 0.87 x 0.9202 XPLUS 66 883 012 7.36 0.07 2.10 x 18.1203 FUTURIS 183 221 537 7.33 0.07 0.47 x ---248


Fact Book 2013Companies by market value (end of 2012) (contd.)No. CompanyNo. of shares(items)Market value(PLN million)Marketshare(%)P/BV P/E Dividendyield(%)238 BIOERG 8 500 000 5.27 0.05 4.26 239.5 ---239 OPENNET 2 584 000.00 5.25 0.05 0.41 655.7 ---240 WDBBU 16 364 400 5.24 0.05 1.18 4.1 ---241 POLTRONIC 7 158 000.00 5.23 0.05 1.17 10.0 ---242 GMK 1 040 100.00 5.20 0.05 11.18 x ---243 WIERZYCL 74 311 006 5.20 0.05 0.51 6 14.3244 SUNTECH 15 940 000 5.10 0.05 2.24 x ---245 MEDIACAP 11 134 880.00 5.01 0.05 1.82 16.0 ---246 VISION 250 000 000.00 5.00 0.05 0.29 x ---247 AKCEPTFIN 5 000 000 4.95 0.05 0.68 6.5 ---248 VIDIS 3 414 131 4.95 0.05 0.89 117.9 ---249 GRAPHIC 3 588 527.00 4.81 0.04 2.14 x ---250 FOREVEREN 7 332 235 4.77 0.04 14.80 x ---251 MGAMES 15 250 000.00 4.73 0.04 2.36 x ---252 DIGITAL 12 650 027.00 4.68 0.04 0.55 37.1 ---253 EDISON 1 451 567 4.65 0.04 5.26 x ---254 INBOOK 6 097 830.00 4.57 0.04 4.39 x ---255 INDEXMEDI 1 300 000.00 4.50 0.04 1.86 x ---256 NOTORIA 1 000 000.00 4.50 0.04 2.21 x ---257 GALVO 4 000 000.00 4.36 0.04 0.48 7.7 ---258 SOBET 32 962 500.00 4.29 0.04 0.38 x ---259 BIOFACTOR 1 902 000.00 4.18 0.04 1.17 119.6 ---260 ADVERTIGO 29 750 000.00 4.17 0.04 1.11 595.0 ---261 DIGATE 23 131 925.00 4.16 0.04 0.21 x ---262 MOBINI 2 461 250.00 4.13 0.04 3.98 x ---263 GKSKAT 15 823 735.00 4.11 0.04 2.09 x ---264 YELLOWHAT 41 000 000.00 4.10 0.04 0.98 x ---265 ARTEFE 101 250 000 4.05 0.04 1.11 7.9 ---266 VENTURION 30 945 000 4.02 0.04 1.46 x ---267 WESTREAL 6 000 000 4.02 0.04 0.28 3.1 ---268 KCSP 7 000 000.00 3.99 0.04 6.25 x ---269 TRICEPS 1 792 500 3.94 0.04 7.22 x ---270 EMMERSON 30 145 179 3.92 0.04 0.15 x ---271 WEEDO 1 580 000 3.92 0.04 0.00 x ---250


NewConnectCompanies by market value (end of 2012) (contd.)No. CompanyNo. of shares(items)Market value(PLN million)Marketshare(%)P/BV P/E Dividendyield(%)272 ABAK 2 490 000.00 3.91 0.04 1.97 x ---273 INVESTREM 64 750 000.00 3.89 0.04 0.41 1.2 ---274 OPTIZENLB 5 799 419.00 3.83 0.04 1.48 x ---275 LESNERUNO 3 600 000.00 3.82 0.04 3.46 x ---276 HURTIMEX 10 465 315.00 3.77 0.03 2.42 7.4 ---277 DORADCY24 373 985 665 3.74 0.03 2.81 x ---278 POLSKIHR 12 757 242.00 3.70 0.03 3.09 x ---279 CALESCO 2 723 471 3.68 0.03 2.74 44.3 ---280 WBAY 52 500 000.00 3.68 0.03 0.28 x ---281 VENO 5 140 706 3.65 0.03 0.25 x ---282 PLANETSOF 3 000 000.00 3.60 0.03 3.73 6.7 ---283 PREMETINV 10 000 001.00 3.50 0.03 9.00 x ---284 MGMSYS 2 821 500.00 3.47 0.03 4.76 13.2 ---285 DEPEND 11 485 000.00 3.45 0.03 1.89 x ---286 ROVITA 13 637 600.00 3.41 0.03 0.96 x ---287 STOPKLA 2 275 246.00 3.41 0.03 1.67 x ---288 AEDES 5 651 430 3.39 0.03 0.69 3 ---289 DOBRANASZA 1 585 000 3.39 0.03 1695.95 x ---290 ESPEROTIA 28 123 985 3.37 0.03 1.00 x ---291 OEM 6 307 000.00 3.34 0.03 3.65 25.7 ---292 B2BPARTNER 15 090 000.00 3.32 0.03 0.61 x ---293 BROADGATE 3 941 715 3.31 0.03 0.22 3.3 ---294 STARFIT 1 653 000 3.31 0.03 2.33 11.1 4.2295 TERMOEXP 1 035 342.00 3.31 0.03 2.42 8.5 ---296 EBC 3 000 000.00 3.24 0.03 1.08 x ---297 VENITI 1 116 000 3.23 0.03 6.14 x ---298 AGROMA 14 600 000 3.21 0.03 0.87 x ---299 APLINTER 3 973 600 3.18 0.03 9.81 x ---300 ATSENERGY 18 487 040 3.14 0.03 0.28 8.7 ---301 MINERAL 5 769 988.00 3.12 0.03 1.09 9.5 ---302 SURFLAND 3 361 166.00 3.09 0.03 1.05 x ---303 EMONT 6 500 000.00 3.06 0.03 0.66 6.9 ---304 FININT 1 320 062 3.04 0.03 50.60 x ---305 GOLAB 10 752 000.00 3.01 0.03 1.45 8.6 ---251


Fact Book 2013Companies by market value (end of 2012) (contd.)No. CompanyNo. of shares(items)Market value(PLN million)Marketshare(%)P/BV P/E Dividendyield(%)306 GREENENER 33 340 000.00 3.00 0.03 1.33 x ---307 POLNOCNR 6 380 000.00 2.93 0.03 0.32 4.7 ---308 STERGAMES 5 100 000 2.86 0.03 5.60 x ---309 HOTBLOK 70 000 000.00 2.80 0.03 0.38 x ---310 ACREO 1 650 000 2.77 0.03 2.91 13.7 ---311 FMOZAROW 6 120 250.00 2.75 0.03 1.62 x ---312 DOMENOMAN 4 770 000 2.72 0.03 0.99 x ---313 NANOTEL 1 200 000.00 2.72 0.03 1.79 5.9 ---314 C2A 66 850 000 2.67 0.02 0.23 8 ---315 EFICOM 4 300 000 2.67 0.02 0.61 x ---316 TELESTO 590 000.00 2.66 0.02 2.23 2.7 ---317 INCANA 10 976 800.00 2.63 0.02 0.55 67.5 ---318 LUXIMA 32 800 000.00 2.62 0.02 0.59 x ---319 PPRICE 26 000 001.00 2.60 0.02 3.29 x ---320 HEFAL 6 210 953.00 2.48 0.02 0.47 x ---321 EXDEBT 17 448 942 2.44 0.02 0.32 x ---322 ARTNEWMED 10 008 514 2.40 0.02 0.00 x ---323 BUDOSTAL5 17 061 000 2.39 0.02 0.00 x ---324 MEDIANPOL 8 865 170.00 2.39 0.02 0.61 x ---325 MMCPL 1 073 513.00 2.37 0.02 1.91 6.4 ---326 INWESTPL 7 863 087.00 2.36 0.02 0.77 3.7 ---327 POSITIVE 20 785 612.00 2.29 0.02 0.00 x ---328 MAXIMUS 18 750 000.00 2.25 0.02 0.90 54.9 ---329 RICHTER 2 900 000.00 2.23 0.02 0.00 x ---330 CWPE 6 510 000.00 2.21 0.02 1.07 x ---331 EKIOSK 18 090 000 2.17 0.02 1.47 x ---332 SAKANA 6 733 000.00 2.15 0.02 0.95 9.1 ---333 ERS 4 318 600 2.12 0.02 1.42 x ---334 CCTOOLS 4 650 000.00 2.05 0.02 2.20 28.8 ---335 SMOKESHOP 3 270 500 2.03 0.02 2.82 42.2 ---336 TAXUSFUND 8 118 950.00 2.03 0.02 1.07 x ---337 BPC 40 338 000.00 2.02 0.02 0.31 x ---338 DASE 4 687 500 2.02 0.02 0.94 3 ---339 MONDAY 788 485.00 2.01 0.02 0.08 x ---252


NewConnectCompanies by market value (end of 2012) (contd.)No. CompanyNo. of shares(items)Market value(PLN million)Marketshare(%)P/BV P/E Dividendyield(%)340 BLUETAX 100 000 000 2.00 0.02 1.82 x ---341 LAURENPES 66 500 000.00 2.00 0.02 1.57 9.2 ---342 VENTUREIN 6 840 000 1.98 0.02 0.53 1.1 ---343 SYMBIO 1 431 323.00 1.93 0.02 0.57 16.2 ---344 ONERAY 38 098 319.00 1.90 0.02 0.56 x ---345 TELIANI 5 720 000 1.89 0.02 3.58 x ---346 JDB 47 000 000.00 1.88 0.02 0.36 10.2 ---347 STANUSCH 1 497 005 1.86 0.02 2.40 x ---348 GEOINVENT 18 512 500.00 1.85 0.02 1.33 x ---349 MPLVERBUM 2 444 444.00 1.83 0.02 0.59 18.9 ---350 M4B 6 400 000.00 1.79 0.02 0.71 5.7 ---351 ZOC 3 588 500.00 1.79 0.02 1.36 51.3 ---352 MAGNIFICO 3 794 593.00 1.78 0.02 1.28 x ---353 EXAMOBILE 1 450 000 1.77 0.02 5.74 x ---354 KKHERBAL 2 179 000.00 1.76 0.02 3.46 27.2 ---355 ALUMAST 3 652 094 1.75 0.02 0.00 x ---356 SILVACG 9 190 303 1.75 0.02 0.10 x ---357 YOURIMAGE 4 170 000 1.75 0.02 2.64 67.4 ---358 IPODS 1 300 000.00 1.74 0.02 0.44 1.0 ---359 GPPI 5 775 000.00 1.73 0.02 0.47 x ---360 LANGLOO 21 594 748.00 1.73 0.02 0.79 x ---361 GPFCAUSA 172 202 995.00 1.72 0.02 0.53 2.4 ---362 BPI 4 283 500.00 1.71 0.02 0.61 x ---363 COMPRESS 5 000 000.00 1.70 0.02 1.53 28.8 ---364 AIRMARKET 1 777 251.00 1.64 0.02 13.86 x ---365 IPOSA 9 110 000.00 1.64 0.02 0.54 1.0 ---366 IMMOFUND 11 600 000.00 1.62 0.01 2.22 x ---367 REKLAPL 40 000 000.00 1.60 0.01 0.49 x ---368 EPICTURES 1 650 000 1.55 0.01 0.55 18.5 ---369 PROXYAD 22 139 718.00 1.55 0.01 0.69 x ---370 ACARTUS 7 499 000 1.50 0.01 1.13 25.9 ---371 SITE 24 509 564.00 1.47 0.01 0.22 5.3 ---372 VELTO 8 400 000 1.43 0.01 0.47 x ---373 JANTAR 17 681 820.00 1.41 0.01 3.31 x ---253


Fact Book 2013Companies by market value (end of 2012) (contd.)No. CompanyNo. of shares(items)Market value(PLN million)Marketshare(%)P/BV P/E Dividendyield(%)374 APOLLO 20 000 000 1.40 0.01 0.74 x ---375 DFP 11 697 000.00 1.40 0.01 0.42 x ---376 FACHOWCY 10 561 185 1.37 0.01 0.25 x ---377 VCP 2 449 148.00 1.37 0.01 0.62 x ---378 LETUS 8 890 000.00 1.33 0.01 0.25 x ---379 8FORMULA 1 300 000.00 1.30 0.01 1.27 x ---380 IGORIA 10 000 001.00 1.30 0.01 4.92 x ---381 MARSOFT 5 427 563.00 1.30 0.01 0.78 x ---382 TERRA 1 571 700.00 1.30 0.01 0.85 7.3 ---383 REVITUM 1 293 500.00 1.29 0.01 4.13 x ---384 STIGROUP 16 002 400 1.28 0.01 0.08 x ---385 M10 18 000 001.00 1.26 0.01 1.11 x ---386 GLOBALTR 17 253 333 1.21 0.01 0.20 1.3 ---387 MDEVELOP 19 629 400.00 1.18 0.01 1.17 x ---388 MTC 12 800 000.00 1.15 0.01 0.09 x ---389 ALEJA 2 350 000.00 1.10 0.01 0.48 x ---390 FINHOUSE 1 112 500 1.09 0.01 3.26 47.4 ---391 EASYCALL 1 211 300.00 1.03 0.01 0.96 x ---392 GOLDWYN 3 209 610.00 1.03 0.01 1.61 x ---393 GRJAGUAR 1 213 823.00 1.01 0.01 0.55 37.3 ---394 PLAYMAKER 16 622 567.00 1.00 0.01 1.59 x ---395 VIAGUARA 93 770 000 0.94 0.01 0.17 x ---396 WASPOL 5 179 840 0.93 0.01 0.30 x ---397 DXD 4 320 000.00 0.91 0.01 0.35 x ---398 PAKADEMIA 226 845.00 0.91 0.01 0.00 x ---399 ABEONET 1 200 000 0.89 0.01 1.53 x ---400 MAXIPIZZA 4 857 588.00 0.83 0.01 0.50 x ---401 NEMEX 13 630 000.00 0.82 0.01 1.09 x ---402 ALDA 1 123 600.00 0.79 0.01 0.84 19.7 ---403 INTWORKS 1 460 000.00 0.79 0.01 2.35 131.4 ---404 LIBERTY 19 700 000.00 0.79 0.01 0.27 x ---405 MONTUHOLD 300 000.00 0.78 0.01 0.00 x ---406 COOLMARK 5 000 000 0.75 0.01 2.26 x ---407 BUDUS 7 371 763 0.74 0.01 0.05 x ---254


NewConnectCompanies by market value (end of 2012) (contd.)No. CompanyNo. of shares(items)Market value(PLN million)Marketshare(%)P/BV P/E Dividendyield(%)408 KME 24 360 020.00 0.73 0.01 0.28 x ---409 WAKEPARK 3 781 000.00 0.68 0.01 1.07 x ---410 MBFACTORY 1 550 000.00 0.65 0.01 15.50 x ---411 KOMFORTKM 15 980 000.00 0.64 0.01 14.20 x ---412 BOA 2 096 186 0.63 0.01 1.01 x ---413 RELIGADEV 63 440 940.00 0.63 0.01 0.12 x ---414 APOLONIA 7 250 000.00 0.58 0.01 0.46 x ---415 MERIT 1 654 500.00 0.56 0.01 1.38 x ---416 DIRECTES 5 743 083.00 0.46 0.00 0.05 x ---417 PARTEX 11 224 313.00 0.34 0.00 0.82 x ---418 INWAZJAPC 30 698 500.00 0.31 0.00 0.00 x ---419 EMPORIUM 3 967 712 0.20 0.00 0.00 x ---Total domestic companies: 10 804.74 100.00 2.06 x 0.6Foreign companies1 ORPHEE 16 600 000.00 157.20 55.59 0.00 x ---2 TWIGONET 13 021 554.00 42.58 15.06 6.93 x ---3 BGSENERGY 15 209 000.00 35.28 12.48 1.73 7.3 ---4 AGROLIGA 307 560.00 25.22 8.92 0.70 1.7 ---5 PHOENIX 23 000 000.00 16.10 5.69 0.00 x ---6 AERFINANC 9 129 059.00 2.56 0.91 0.88 1.1 ---7 ICMVISION 2 031 500.00 2.44 0.86 7.57 x ---8 ICPD 6 011 476.00 1.38 0.49 0.08 x ---Total foreign companies: 282.76 100.00 4.19 x ---* Companies included in NewConnect Lead255


Fact Book 2013Pre-emptive rights traded on NewConnect in 2012No. ISINInstrumentRecord date(dd.mm.yyyy)Ratio per newshareTrading dates(dd.mm.yyyy-dd.mm.yyyy)1 PLMWTNS00036 MWTENIS-PP 22.11.2011 0.50 19.01.2012 - 23.01.20122 PLDDSA000036 DXD-PP 06.02.2012 1.00 07.03.2012 - 13.03.20123 PLHMSG000050 HMSG-PP 16.01.2012 4.31 02.04.2012 - 05.04.20124 PLEENRG00055 EASTSIDE-PP 01.02.2012 1.00 07.05.2012 - 07.05.20125 PLPARTX00036 PARTEX-PP 12.07.2012 1.00 29.08.2012 - 11.09.20126 PLPHRMN00029 PHARMENA-PP 06.09.2012 8.00 10.09.2012 - 21.09.20127 PLBIOMD00058 ASTORIA-PP 17.12.2012 3.33 19.12.2012 - 08.01.2013Pre-emptive rights – key figures2012 2011 2010 2009 2008Pre-emptive rightsNumber of series traded at year-end 1 1 0 0 0Total turnover for the year (PLN million) 328 2 667 8 826 490 793Average turnover per session (PLN million) 1.32 10.63 34.89 1.95 3.16Number of transactions per session 2 7 20 3 6Average value of transaction (PLN) 755 1 437 1 717 740 489256


NewConnectNewConnect – shares and rights to shares (PDA) – key figures2012 2011 2010 2009 2008IndexNCIndex at year-end 33.26 41.62 63.44 49.70 38.19NCXLifeSci at year-end 55.23 80.83 98.85 --- ---Return on NCIndex (%) -20.09 -34.39 27.65 30.14 -73.51Return on NCXLifeSci (%) -31.67 -18.23 -1.15 --- ---CompaniesNumber of all listed companies at year-end 429 351 185 107 84of which domestic companies 421 344 182 105 83of which foreign companies 8 7 3 2 1Capitalisation at year-end (PLN million) 11 088 8 487 5 138 2 554 1 438of which domestic companies (PLN million) 10 805 8 384 4 971 2 457 1 396of which foreign companies (PLN million) 283 104 167 97 41Average P/E ratio* -357.6 57.5 120.8 x 25.0Average P/BV ratio* 3.93 5.98 10.59 18.05 3.44Dividend yield at year-end (%)* 0.6 0.4 0.4 0.2 0.1Turnover value for the year (PLN million) 1 303 1 955 1 847 581 420Average turnover value per session (PLN million) 5.2 7.8 7.3 2.3 1.7Number of transactions per session 3 107 4 312 3 471 1 285 980Average value of transaction (PLN) 1 684 1 806 2 103 1 795 1 707Turnover ratio (%)** 1.1 19.9 61.6 42.0 40.1Number of sessions for the year 249 251 253 252 251Continuous tradingNumber of all listed companies at year-end 408 350 184 107 84Number of transactions per session 3 072 4 307 3 449 1 285 980Total turnover value for the year (PLN million) 1 133 1 858 1 743 540 413Single-price systemNumber of all listed companies at year-end 21 1 1 0 0Number of transactions per session 34 4 21 --- ---Total turnover value for the year (PLN million) 8 1 10 --- ---Block tradesNumber of transactions (single-counted) 274 219 139 39 19Average value of transaction (PLN million) 0.59 0.44 0.67 1.06 0.39Total turnover value for the year (PLN million) 162 96 93.5 41.5 7.5* Average annual figure for all listed companies.** For domestic companies.257


Fact Book 2013Investors2012 saw a continuation of trends observedin 2011 with regard to NewConnect investorstructure. As in the preceding year,the largest proportion of trading onNewConnect was generated by individualinvestors whose share of trading in themarket equalled 73%. Domestic financialinstitutions accounted for 17%, with privatecompanies still playing the main role in thisgroup, accounting for more than a half ofthe turnover. The share of foreign investorsrose from 3% to 10%.NewConnect investor structure (% share in trading)Investors 2012 2011 2010 2009 2008Foreign 10 3 2 2 2Domestic individual 73 77 87 89 92Domestic institutional 17 20 11 9 6NewConnect investor structure (% share in trading)Investors’ shares in NewConnect trading in 201273%Domestic individual17%Domestic institutional10%Foreign258


NewConnectNewConnect IndicesAt the end of 2012 the WSE calculatedand published two NewConnect indices:NCIndex and NCLifeScience.NCIndex is a total return index, with incomefrom dividends and pre-emptive rights beingconsidered in its calculation. The valuesof NCIndex are published on a continuousbasis from the start till the end of the session,at five-minute intervals. On the basedate, i.e. 30 August 2007, the value of theindex was 100 points. The list of index constituentsis updated on a quarterly basis andcompanies’ shares in the index are determinedon the basis of their respective numbersof shares in free float. However, thelargest companies may account for no morethan 10% of the index. The index includescompanies which are not classified to HRLor SHLR segments.NCLifeScience in 201255504543.8320 Feb4035302532.5318 DecJanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember259


Fact Book 2013NCLifeScience covers shares of companiesfrom the broadly defined life sciences, inparticular those which make use of patentsrelated to knowledge of living organisms.The weights of companies in NCLifeSciencederive from their respective weights in NCIndexand are updated on a quarterly basis.The values of this index are published threetimes a day: at 11:15 a.m., 3:15 p.m. and atthe closing of each session. The index hasbeen published since 20 September 2010.The value of this index on the base date i.e.30 August 2010 was 100 points. The indexincludes companies which are not classifiedto HRL or SHLR segments.NCLifeScience in 2012100908097.558 Feb70605055.2328 Dec40JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember260


NewConnectNCIndex portfolio structure (end of 2012)No. SharesPrice ofsharesNumber of shares inportfolioMarketvalueShare inNCIndex(PLN) (PLN) (%)1 MEDICALG 66.00 1 700 000 112 200 000 6.282 TERMOREX 8.00 11 008 000 88 064 000 4.933 CUBEITG 1.40 50 792 000 71 108 800 3.984 DTP 8.80 7 326 000 64 468 800 3.615 ORPHEE 9.47 6 600 000 62 502 000 3.506 FHDOM 18.50 2 500 000 46 250 000 2.597 PFH 7.99 5 408 000 43 209 920 2.428 BIOMEDLUB 4.94 8 560 000 42 286 400 2.379 ELEMENTAL 2.50 14 900 000 37 250 000 2.0810 COPERNIC 93.00 390 000 36 270 000 2.0311 SYNEKTIK 13.39 2 431 000 32 551 090 1.8212 PROGRES 13.30 2 252 000 29 951 600 1.6813 MABION 15.00 1 900 000 28 500 000 1.5914 PLATIGE 34.45 766 000 26 388 700 1.4815 GCINVEST 2.98 8 680 000 25 866 400 1.4516 KOPAHAUS 1.20 20 555 000 24 666 000 1.3817 EKANCELAR 2.00 12 000 000 24 000 000 1.3418 ZWG 4.77 4 758 000 22 695 660 1.2719 TELESTR 14.50 1 414 000 20 503 000 1.1520 AQUABB 9.60 2 041 000 19 593 600 1.1021 BRASTER 11.00 1 640 000 18 040 000 1.0122 PPG 0.40 42 697 000 17 078 800 0.9623 DENTAMDC 0.04 391 228 000 15 649 120 0.8824 MOSTALWRO 2.30 6 313 000 14 519 900 0.8125 FLYPL 2.63 5 473 000 14 393 990 0.8126 ATCCARGO 4.34 3 311 000 14 369 740 0.8027 BRIJU 14.40 978 000 14 083 200 0.7928 TILIA 125.00 112 000 14 000 000 0.7829 GONTYNIEC 21.80 612 000 13 341 600 0.7530 PLASMA 14.00 894 000 12 516 000 0.7031 LUG 3.61 3 408 000 12 302 880 0.6932 COLEOS 2.00 6 100 000 12 200 000 0.6833 BALTONA 5.50 2 175 000 11 962 500 0.6734 BAUMAL 9.52 1 200 000 11 424 000 0.6435 DRUKPAK 15.50 721 000 11 175 500 0.6336 NOVIAN 0.01 1 083 832 000 10 838 320 0.6137 IDH 0.01 1 073 059 000 10 730 590 0.6038 ESOTIQ 26.90 397 000 10 679 300 0.6039 11BIT 8.60 1 227 000 10 552 200 0.5940 PGSSOFT 2.58 3 907 000 10 080 060 0.5641 IMS 0.69 14 571 000 10 053 990 0.5642 NFPL 2.30 4 367 000 10 044 100 0.56261


Fact Book 2013NCIndex portfolio structure (end of 2012) (contd.)No. Shares262Price of Number of shares inMarketShare insharesportfoliovalueNCIndex(PLN) (PLN) (%)43 PCZ 49.92 197 000 9 834 240 0.5544 PSWCAPITA 0.50 18 900 000 9 450 000 0.5345 NICOGAMES 0.05 187 987 000 9 399 350 0.5346 SCOPAK 2.04 4 550 000 9 282 000 0.5247 ONICO 11.06 825 000 9 124 500 0.5148 FITEN 2.31 3 924 000 9 064 440 0.5149 INTERNITY 3.99 2 241 000 8 941 590 0.5050 SELVITA 2.74 3 221 000 8 825 540 0.4951 BGSENERGY 2.32 3 750 000 8 700 000 0.4952 CFBPS 5.40 1 613 000 8 710 200 0.4953 WINDMOBIL 6.30 1 373 000 8 649 900 0.4854 INVISTA 0.60 13 704 000 8 222 400 0.4655 BIOMAXIMA 6.30 1 280 000 8 064 000 0.4556 JRINVEST 6.90 1 160 000 8 004 000 0.4557 TPH 2.14 3 649 000 7 808 860 0.4458 EMCAPITAL 0.95 8 100 000 7 695 000 0.4359 VEDIA 0.53 13 991 000 7 415 230 0.4260 PREFABET 19.65 363 000 7 132 950 0.4061 PHARMENA 6.16 1 146 000 7 059 360 0.4062 MERA 1.95 3 599 000 7 018 050 0.3963 ATONHT 0.55 12 534 000 6 893 700 0.3964 LZMO 2.48 2 731 000 6 772 880 0.3865 GRODNO 3.04 2 212 000 6 724 480 0.3866 TAMEX 0.82 7 412 000 6 077 840 0.3467 S4E 7.00 860 000 6 020 000 0.3468 ECAUXILUM 2.25 2 644 000 5 949 000 0.3369 FORPOSTA 13.00 455 000 5 915 000 0.3370 ORZLOPONY 1.68 3 365 000 5 653 200 0.3271 SMT 13.50 414 000 5 589 000 0.3172 CASPAR 27.91 199 000 5 554 090 0.3173 GENERGY 0.19 28 694 000 5 451 860 0.3174 INFOSYS 4.33 1 261 000 5 460 130 0.3175 VGROUP 13.58 401 000 5 445 580 0.3176 DAAH 6.99 774 000 5 410 260 0.3077 5THAVENUE 1.28 4 209 000 5 387 520 0.3078 RUNICOM 2.80 1 891 000 5 294 800 0.3079 EKOBOX 2.87 1 826 000 5 240 620 0.2980 ADMASSIVE 14.85 350 000 5 197 500 0.2981 MINOX 0.49 10 608 000 5 197 920 0.2982 SSI 0.14 36 465 000 5 105 100 0.2983 NWAI 8.27 614 000 5 077 780 0.2884 HYDRAPRES 0.37 13 367 000 4 945 790 0.28


NewConnectNCIndex portfolio structure (end of 2012) (contd.)No. SharesPrice of Number of shares inMarketShare insharesportfoliovalueNCIndex(PLN) (PLN) (%)85 BIOGENED 17.00 285 000 4 845 000 0.2786 ADUMA 13.83 342 000 4 729 860 0.2787 AITON 1.97 2 352 000 4 633 440 0.2688 WEGLOPEX 0.25 18 000 000 4 500 000 0.2589 PHOENIX 0.70 6 373 000 4 461 100 0.2590 IZOBLOK 20.00 219 000 4 380 000 0.2591 EONET 11.07 394 000 4 361 580 0.2492 WODKAN 6.75 643 000 4 340 250 0.2493 BIOMAX 1.15 3 732 000 4 291 800 0.2494 ORIONINV 27.50 156 000 4 290 000 0.2495 EZO 3.97 1 067 000 4 235 990 0.2496 ORGANIC 5.94 708 000 4 205 520 0.2497 AGROLIGA 82.00 51 000 4 182 000 0.2398 EGB 1.88 2 207 000 4 149 160 0.2399 INNOGENE 2.35 1 765 000 4 147 750 0.23100 APS 2.18 1 897 000 4 135 460 0.23101 GRUPAREC 10.97 377 000 4 135 690 0.23102 FARM51 3.88 1 053 000 4 085 640 0.23103 MEW 4.15 987 000 4 096 050 0.23104 AZTEC 5.39 754 000 4 064 060 0.23105 COMPERIA 19.05 211 000 4 019 550 0.23106 EPIGON 0.17 23 678 000 4 025 260 0.23107 MARKA 7.43 536 000 3 982 480 0.22108 RCUNION 0.93 4 259 000 3 960 870 0.22109 PRYMUS 1.70 2 254 000 3 831 800 0.21110 VERBICOM 1.29 2 971 000 3 832 590 0.21111 EKOPOL 2.85 1 320 000 3 762 000 0.21112 SMSKREDYT 1.25 3 000 000 3 750 000 0.21113 POLMAN 0.31 11 930 000 3 698 300 0.21114 FUTURIS 0.04 92 276 000 3 691 040 0.21115 LSTECHHOM 1.14 3 212 000 3 661 680 0.21116 MAKORA 0.13 27 870 000 3 623 100 0.20117 CSY 1.91 1 895 000 3 619 450 0.20118 BLOOBER 6.53 543 000 3 545 790 0.20119 INVICO 1.91 1 845 000 3 523 950 0.20120 ABSINVEST 0.24 14 602 000 3 504 480 0.20121 TROMEDIA 1.21 2 845 000 3 442 450 0.19122 ASTORIA 0.05 68 763 000 3 438 150 0.19123 SCANMEDMM 3.20 1 074 000 3 436 800 0.19124 SLR 18.20 185 000 3 367 000 0.19125 BALTICON 0.13 25 500 000 3 315 000 0.19126 ARTBIZNES 1.03 3 098 000 3 190 940 0.18263


Fact Book 2013NCIndex portfolio structure (end of 2012) (contd.)No. SharesPrice of Number of shares inMarketShare insharesportfoliovalueNCIndex(PLN) (PLN) (%)127 SYNKRET 9.93 316 000 3 137 880 0.18128 SWISSPSM 1.70 1 771 000 3 010 700 0.17129 FLUID 0.40 7 300 000 2 920 000 0.16130 VENO 0.71 4 041 000 2 869 110 0.16131 TELEMEDPL 2.30 1 228 000 2 824 400 0.16132 VIVID 0.69 4 098 000 2 827 620 0.16133 BLACKPOIN 1.49 1 810 000 2 696 900 0.15134 SZAR 0.09 30 000 000 2 700 000 0.15135 AUTOSPA 6.50 409 000 2 658 500 0.15136 ADMIRAL 0.99 2 675 000 2 648 250 0.15137 01CYBATON 0.05 52 456 000 2 622 800 0.15138 I3D 1.52 1 699 000 2 582 480 0.14139 READGENE 1.71 1 494 000 2 554 740 0.14140 STARKDEV 0.01 251 681 000 2 516 810 0.14141 ANALIZY 12.00 203 000 2 436 000 0.14142 BBCONSULT 3.77 644 000 2 427 880 0.14143 EUROTAX 3.89 625 000 2 431 250 0.14144 HORTICO 2.11 1 147 000 2 420 170 0.14145 MORIZON 1.49 1 599 000 2 382 510 0.13146 URLOPYPL 0.03 78 228 000 2 346 840 0.13147 DEMOLEN 4.60 493 000 2 267 800 0.13148 RSY 2.25 1 004 000 2 259 000 0.13149 INVENTI 0.89 2 482 000 2 208 980 0.12150 MAKOLAB 1.35 1 575 000 2 126 250 0.12151 VISION 0.02 102 500 000 2 050 000 0.12152 LUXIMA 0.08 24 679 000 1 974 320 0.11153 IBCPOLSKA 3.81 512 000 1 950 720 0.11154 TWIGONET 3.27 583 000 1 906 410 0.11155 EASTSIDE 0.02 93 496 000 1 869 920 0.11156 RUCHCHORZ 0.91 2 069 000 1 882 790 0.11157 MODECOM 14.00 133 000 1 862 000 0.10158 ROBINSON 6.15 297 000 1 826 550 0.10159 BIOERG 0.62 2 918 000 1 809 160 0.10160 HOTBLOK 0.04 45 266 000 1 810 640 0.10161 INPOINT 1.02 1 763 000 1 798 260 0.10162 MEDIACAP 0.45 3 951 000 1 777 950 0.10163 WIERZYCL 0.07 25 067 000 1 754 690 0.10164 WBAY 0.07 24 750 000 1 732 500 0.10165 FONECO 0.08 20 949 000 1 675 920 0.09166 CLOUD 2.20 756 000 1 663 200 0.09167 BLIRT 1.87 872 000 1 630 640 0.09168 GALVO 1.09 1 500 000 1 635 000 0.09264


NewConnectNCIndex portfolio structure (end of 2012) (contd.)No. SharesPrice of Number of shares inMarketShare insharesportfoliovalueNCIndex(PLN) (PLN) (%)169 GREMPCO 0.57 2 823 000 1 609 110 0.09170 APIS 0.05 31 845 000 1 592 250 0.09171 STEMCELLS 1.20 1 333 000 1 599 600 0.09172 DIGITAL 0.37 4 198 000 1 553 260 0.09173 NAVIMORIN 5.73 270 000 1 547 100 0.09174 FABRFORMY 0.38 4 056 000 1 541 280 0.09175 AQUAPOZ 9.60 159 000 1 526 400 0.09176 DORADCY24 0.01 151 668 000 1 516 680 0.09177 ISIAG 1.29 1 159 000 1 495 110 0.08178 PREMETINV 0.35 4 192 000 1 467 200 0.08179 FOREVEREN 0.65 2 189 000 1 422 850 0.08180 MOMO 0.36 3 950 000 1 422 000 0.08181 YURECO 1.08 1 324 000 1 429 920 0.08182 CODEMEDIA 28.30 50 000 1 415 000 0.08183 OPENNET 2.03 696 000 1 412 880 0.08184 EMMERSON 0.13 10 691 000 1 389 830 0.08185 DEPEND 0.30 4 610 000 1 383 000 0.08186 GENOMED 13.50 102 000 1 377 000 0.08187 QUART 3.65 366 000 1 335 900 0.08188 PARTNER 0.11 12 000 000 1 320 000 0.07189 STOCKINFO 0.56 2 370 000 1 327 200 0.07190 EDISON 3.20 409 000 1 308 800 0.07191 SUNTECH 0.32 4 098 000 1 311 360 0.07192 KOMPLEKS 0.95 1 352 000 1 284 400 0.07193 DANKS 1.30 977 000 1 270 100 0.07194 EBC 1.08 1 174 000 1 267 920 0.07195 HURTIMEX 0.36 3 514 000 1 265 040 0.07196 KORBANK 1.33 942 000 1 252 860 0.07197 TABLEO 2.00 629 000 1 258 000 0.07198 DEKTRA 12.46 99 000 1 233 540 0.07199 EKOKOGEN 0.64 1 940 000 1 241 600 0.07200 EMUZYKA 0.83 1 485 000 1 232 550 0.07201 ICMVISION 1.20 1 000 000 1 200 000 0.07202 BLUMERANG 0.78 1 513 000 1 180 140 0.07203 TECHMADEX 26.80 44 000 1 179 200 0.07204 ALKAL 2.25 516 000 1 161 000 0.07205 EUROSNACK 0.48 2 414 000 1 158 720 0.07206 RODAN 0.90 1 292 000 1 162 800 0.07207 ARTEFE 0.04 28 652 000 1 146 080 0.06208 ASSETUS 8.00 138 000 1 104 000 0.06209 ATSENERGY 0.17 6 478 000 1 101 260 0.06210 PPRICE 0.10 11 021 000 1 102 100 0.06265


Fact Book 2013NCIndex portfolio structure (end of 2012) (contd.)No. SharesPrice of Number of shares inMarketShare insharesportfoliovalueNCIndex(PLN) (PLN) (%)211 ADVERTIGO 0.14 7 785 000 1 089 900 0.06212 KKHERBAL 0.81 1 349 000 1 092 690 0.06213 SEKA 6.01 180 000 1 081 800 0.06214 GWARANT 3.05 345 000 1 052 250 0.06215 INBOOK 0.75 1 396 000 1 047 000 0.06216 INDEXMEDI 3.46 300 000 1 038 000 0.06217 HEFAL 0.40 2 567 000 1 026 800 0.06218 MBPARTNER 0.06 17 000 000 1 020 000 0.06219 SFKPOLKAP 2.89 350 000 1 011 500 0.06220 TRICEPS 2.20 452 000 994 400 0.06221 AKCEPTFIN 0.99 1 000 000 990 000 0.06222 DOMLEK 24.48 40 000 979 200 0.06223 POLNOCNR 0.46 2 089 000 960 940 0.05224 SOBET 0.13 7 228 000 939 640 0.05225 GPFCAUSA 0.01 92 382 000 923 820 0.05226 ICPD 0.23 3 942 000 906 660 0.05227 EKIOSK 0.12 7 297 000 875 640 0.05228 PROLOG 8.99 97 000 872 030 0.05229 DFP 0.12 7 024 000 842 880 0.05230 PILAB 9.40 90 000 846 000 0.05231 LETUS 0.15 5 248 000 787 200 0.04232 MGAMES 0.31 2 509 000 777 790 0.04233 SARE 2.45 321 000 786 450 0.04234 BROADGATE 0.84 919 000 771 960 0.04235 ROTOPINO 2.46 315 000 774 900 0.04236 TAXNET 1.41 533 000 751 530 0.04237 ALUMAST 0.48 1 522 000 730 560 0.04238 ERS 0.49 1 512 000 740 880 0.04239 XPLUS 0.11 6 589 000 724 790 0.04240 CCTOOLS 0.44 1 640 000 721 600 0.04241 BLUETAX 0.02 34 865 000 697 300 0.04242 KLON 0.31 2 242 000 695 020 0.04243 DOMZDROW 1.33 511 000 679 630 0.04244 ESPEROTIA 0.12 5 713 000 685 560 0.04245 FMOZAROW 0.45 1 500 000 675 000 0.04246 LASERMED 1.29 512 000 660 480 0.04247 PLANETSOF 1.20 516 000 619 200 0.04248 SILVACG 0.19 3 268 000 620 920 0.04249 ICPGROUP 2.80 217 000 607 600 0.03250 PROXYAD 0.07 8 581 000 600 670 0.03251 STERGAMES 0.56 1 050 000 588 000 0.03252 EXAMOBILE 1.22 391 000 477 020 0.03266


NewConnectNCIndex portfolio structure (end of 2012) (contd.)No. SharesPrice of Number of shares inMarketShare insharesportfoliovalueNCIndex(PLN) (PLN) (%)253 BIOFACTOR 2.20 204 000 448 800 0.03254 EXDEBT 0.14 3 214 000 449 960 0.03255 MONDAY 2.55 166 000 423 300 0.02256 WAKEPARK 0.18 2 224 000 400 320 0.02257 ALEJA 0.47 798 000 375 060 0.02258 GLOBALTR 0.07 5 311 000 371 770 0.02259 MGMSYS 1.23 302 000 371 460 0.02260 XSYSTEM 0.86 400 000 344 000 0.02261 UNIMOTGAZ 3.00 107 000 321 000 0.02262 OEM 0.53 507 000 268 710 0.02263 REVITUM 1.00 258 000 258 000 0.01264 INVESTREM 0.06 3 750 000 225 000 0.01265 WASPOL 0.18 981 000 176 580 0.01266 GRAPHIC 1.34 121 000 162 140 0.01267 MERIT 0.34 367 000 124 780 0.01268 C2A 0.04 2 312 000 92 480 0.01269 BIOMASS 1.10 60 000 66 000 0.00270 MADKOM 0.16 500 000 80 000 0.00267


Fact Book 2013NCLifeScience portfolio structure (end of 2012)No. SharesPrice ofsharesNumber of shares inportfolioMarketvalueShare inNCLifeScience(PLN) (PLN) (%)1 BIOMEDLUB 4.94 8 560 000 42 286 400 33.892 MABION 15.00 1 900 000 28 500 000 22.843 BRASTER 11.00 1 640 000 18 040 000 14.464 SELVITA 2.74 3 221 000 8 825 540 7.075 BIOMAXIMA 6.30 1 280 000 8 064 000 6.466 PHARMENA 6.16 1 146 000 7 059 360 5.667 BIOGENED 17.00 285 000 4 845 000 3.888 READGENE 1.71 1 494 000 2 554 740 2.059 BLIRT 1.87 872 000 1 630 640 1.3110 STEMCELLS 1.20 1 333 000 1 599 600 1.2811 GENOMED 13.50 102 000 1 377 000 1.10NCIndex and NCLifeScience values in 2012Session(dd.mm)NCIndexNCLifeScience30.12.11 41.62 80.832.01 41.49 81.533.01 41.4 81.974.01 41.15 81.455.01 40.9 80.559.01 41 84.7710.01 41.09 85.9811.01 40.96 83.0612.01 41.16 83.1513.01 41.02 83.0616.01 40.89 82.6717.01 41.28 84.3418.01 41.09 84.5119.01 41.13 84.520.01 41.11 84.6923.01 41.03 84.724.01 40.71 83.9325.01 40.96 84.2526.01 41.3 84.4227.01 41.18 84.3830.01 41.18 84.0631.01 41.33 84.5Session(dd.mm)NCIndexNCLifeScience1.02 41.76 83.732.02 41.63 84.033.02 42.04 85.546.02 42.18 91.827.02 42.39 91.728.02 43.14 ▲97.559.02 43.01 95.3610.02 43.1 94.0213.02 42.87 92.8214.02 43.08 93.4715.02 43.51 93.8316.02 43.31 93.0817.02 43.65 93.6220.02 ▲43.83 95.0821.02 43.56 94.6522.02 43.25 94.8623.02 43.37 94.8124.02 43.19 94.8127.02 43.27 95.1228.02 43.12 94.6829.02 42.78 91.61.03 42.72 91.25Session(dd.mm)NCIndexNCLifeScience2.03 43.22 91.65.03 43.21 90.86.03 43.09 91.447.03 42.94 91.978.03 42.79 91.559.03 43.07 92.3212.03 43.11 92.3413.03 43.22 92.5914.03 43.04 91.9215.03 43.06 89.216.03 43.22 85.719.03 43.43 90.1920.03 43.35 89.1221.03 43.23 87.3422.03 42.45 85.8923.03 42.24 86.1426.03 42.02 87.0127.03 42.21 86.7128.03 41.94 86.129.03 41.93 87.0530.03 42.57 89.612.04 42.26 89.15268


NewConnectNCIndex and NCLifeScience values in 2012 (contd.)Session(dd.mm)NCIndexNCLifeScience3.04 42.41 88.984.04 42.32 88.355.04 42.37 88.4610.04 41.82 87.9611.04 41.91 86.5612.04 41.85 85.3313.04 41.73 85.2116.04 41.29 84.6517.04 41.54 84.4718.04 41.42 81.7819.04 41.37 81.9920.04 40.85 83.6823.04 40.19 82.124.04 40.46 83.8225.04 40.44 84.3226.04 40.2 83.8927.04 40.25 84.4630.04 40.72 83.522.05 40.91 83.184.05 40.98 83.377.05 40.51 83.58.05 40.47 82.939.05 40.12 82.8410.05 40.16 81.4411.05 40.06 82.1414.05 40 85.8615.05 39.55 84.4616.05 39.43 84.3517.05 38.89 82.7818.05 38.74 82.3921.05 38.69 81.0122.05 38.65 81.6423.05 38.52 81.3224.05 38.09 80.0925.05 37.77 78.428.05 37.76 79.8529.05 37.71 79.4930.05 37.69 77.17Session(dd.mm)NCIndexNCLifeScience31.05 37.58 79.331.06 37.37 78.274.06 37.06 77.935.06 36.59 77.886.06 36.69 78.268.06 36.87 78.4611.06 36.83 79.1412.06 36.82 80.2913.06 36.78 79.8814.06 36.74 79.615.06 36.56 79.3918.06 36.42 78.9719.06 36.53 78.1820.06 36.65 78.4921.06 36.68 77.7622.06 36.83 78.3825.06 36.67 78.826.06 36.27 76.4327.06 36.53 77.0528.06 36.32 76.729.06 36.7 76.462.07 36.38 76.383.07 36.24 76.934.07 35.94 77.365.07 35.87 76.086.07 35.92 76.319.07 35.62 75.6810.07 35.5 75.3211.07 35.35 75.4712.07 34.97 75.2413.07 34.9 76.4216.07 35.06 74.9217.07 35.04 76.718.07 34.83 75.9419.07 34.88 74.8920.07 34.74 73.9923.07 33.94 74.0624.07 34.3 75.09Session(dd.mm)NCIndexNCLifeScience25.07 34.02 73.1326.07 33.85 72.3427.07 33.98 73.230.07 33.98 71.7131.07 33.9 70.981.08 34.15 71.852.08 33.76 71.513.08 34.09 72.826.08 34.29 71.497.08 34.29 71.858.08 34.23 72.289.08 34.87 69.3110.08 34.69 68.8513.08 34.71 68.7514.08 34.4 68.3116.08 34.58 68.1417.08 34.7 68.520.08 34.53 67.0121.08 34.23 66.422.08 34.38 65.5423.08 34.65 66.724.08 34.39 67.3527.08 34.44 67.7128.08 34.19 66.8129.08 33.96 65.7630.08 34.24 66.6831.08 34.55 69.383.09 34.64 69.444.09 34.78 75.135.09 34.5 74.846.09 34.39 74.797.09 34.27 75.0910.09 34.21 72.8811.09 34.21 73.0712.09 34.25 70.9613.09 34.55 71.0514.09 35.03 70.8217.09 35.13 69.66269


Fact Book 2013NCIndex and NCLifeScience values in 2012 (contd.)Session(dd.mm)NCIndexNCLifeScience18.09 35.21 70.2619.09 35.01 70.2920.09 34.83 69.9121.09 34.82 69.7624.09 34.7 69.525.09 34.52 68.7326.09 34.76 69.2227.09 34.72 6928.09 34.7 68.191.10 34.32 67.392.10 34.38 65.833.10 34.31 65.814.10 34.24 66.035.10 34.34 66.628.10 34.48 65.979.10 34.53 66.0610.10 34.53 64.9911.10 34.82 65.5412.10 34.8 65.2515.10 34.77 64.816.10 34.78 63.0417.10 34.77 63.1418.10 34.54 63.3219.10 34.59 64.02Session(dd.mm)NCIndexNCLifeScience22.10 34.78 62.7523.10 34.71 62.9124.10 34.7 63.2925.10 34.7 64.5126.10 34.41 63.8129.10 34.78 64.6930.10 34.54 64.7731.10 35.24 65.422.11 34.93 65.355.11 34.7 62.736.11 34.62 62.537.11 34.14 60.68.11 34.07 60.59.11 34.16 60.1512.11 34.27 60.0513.11 34.21 59.6714.11 34.42 60.9415.11 34.1 61.8516.11 33.77 60.5419.11 33.71 58.7820.11 33.71 59.2121.11 33.59 59.5322.11 33.61 60.7623.11 33.65 60.79Session(dd.mm)NCIndexNCLifeScience26.11 33.41 60.4727.11 33.48 60.1928.11 33.36 60.9129.11 33.18 62.330.11 33.45 59.733.12 33.34 594.12 33.39 59.675.12 33.19 58.836.12 33.22 58.287.12 33.47 57.5910.12 33.4 57.5911.12 33.44 57.312.12 33.19 56.713.12 32.93 56.3914.12 32.91 56.3717.12 32.69 56.6318.12 ▼32.53 55.3319.12 32.55 55.8920.12 32.54 55.5621.12 32.72 56.1727.12 33.06 5628.12 33.26 ▼ 55.23▲ All-year high for 2012 ▼ All-year low for 2012270


NewConnectTrading RulesCompanies may choose from two availablesystems on NewConnect:• order-driven (with participation of a MarketAnimator), or• price-driven (with a Market Maker).Shares can be traded within a continuoustrading system or a single-price auctionsystem with two auctions daily. In the orderdriven system the Market Animator is obligatedto stimulate trading, i.e. to supportthe liquidity of the issuer’s shares. In theprice-driven system the Market Maker hasthe obligation to place buy and sell orders.The Market Maker is always a party to eachtransaction. The choice of trading systemis made at the issuer’s sole discretion butmay be preceded by consultation with anAuthorised Adviser.At the end of 2012 all NewConnect companieswere traded under the order-drivensystem. The session schedule is the sameas that of the WSE’s Main List and so are thetypes of orders and execution priorities. Theprices of traded instruments are always setwith an accuracy of PLN 0.01, regardless ofprice levels.Trading session schedule on the NewConnect (24h system)Order-driven market – continuous trading8:00 – 9:00 Pre-opening phase (opening call)– orders may be submitted, modified and cancelled– transactions are not executed9:00 Opening (opening price is determined and transactions are made at the opening)– order submission, modification and cancellation is suspended– transactions are executed at a price equal to the opening price9:00 – 17:20 Continuous trading phase– orders may be submitted, modified and cancelled– transactions are executed17:20 – 17:30 Pre-closing phase (closing call)– orders may be submitted, modified and cancelled– transactions are not executed17:30 Closing (closing price is determined and transactions are made at the closing)– order submission, modification and cancellation is suspended– transactions are executed at a price equal to the closing price17:30 – 17:35 Post-auction trading271


Fact Book 2013Order-driven market – continuous trading 18:00 – 11:00 Pre-opening phase (opening call)– orders may be submitted, modified and cancelled– transactions are not executed11:00 – 11:30 Intervention phase11:30 Opening (opening price is determined and transactions are made at the opening)– order submission, modification and cancellation is suspended– transactions are executed at a price equal to the opening price11:30 – 17:20 Continuous trading phase– orders may be submitted, modified and cancelled– transactions are executed17:20 – 17:30 Pre-closing phase (closing call)– orders may be submitted, modified and cancelled– transactions are not executed17:30 Closing (closing price is determined and transactions are made at the closing)– order submission, modification and cancellation is suspended– transactions are executed at a price equal to the closing price17:30 – 17:35 Post-auction trading1This schedule applies to an issuer's debut trading session on NewConnectPrice-driven market – continuous trading9:30 – 17:10 Continuous trading phase– Market Makers submit orders (quotations)– other market members submit orders– transactions are executed272


NewConnectOrder-driven market – single-price system8:00 – 11:00 Pre-opening phase (opening call)– orders may be submitted, modified and cancelled– transactions are not executed11:00 Opening (single price is determined and transactions are made at the opening)– order submission, modification and cancellation is suspended– transactions are executed at a price equal to the opening price11:00 – 11:30 Post-auction trading11:30 – 15:00 Pre-opening phase (opening call)– orders may be submitted, modified and cancelled– transactions are not executed15:00 Opening (single price is determined and transactions are made at the opening)– order submission, modification and cancellation is suspended– transactions are executed at a price equal to the opening price15:00 – 15:30 Post-auction trading15:30 – 17:35 Pre-opening phase (next day opening call)– orders may be submitted, modified and cancelled– transactions are not executedOrder-driven market – single-price system 28:00 – 11:00 Pre-opening phase (opening call)– orders may be submitted, modified and cancelled– transactions are not executed11:00 – 11:30 Intervention phase11:30 Opening (single price is determined and transactions are made at the opening)– order submission, modification and cancellation is suspended– transactions are executed at a price equal to the opening price11:30 – 12:00 Post-auction trading12:00 – 15:00 Pre-opening phase (opening call)– orders may be submitted, modified and cancelled– transactions are not executed15:00 Opening (single price is determined and transactions are made at the opening)– order submission, modification and cancellation is suspended– transactions are executed at a price equal to the opening price15:00 – 15:30 Post-auction trading15:30 – 17:35 Pre-opening phase (next day opening call)– orders may be submitted, modified and cancelled– transactions are not executed2This schedule applies to the issuer’s debut trading session on NewConnect273


Fact Book 2013Starting from 15 April 2013, the following abridged session schedule has been in force. Thisschedule is temporary and will apply until the end of 2013.Continuous trading8:30 – 9:00 Pre-opening phase (opening call)9:00 Opening (opening price is determined)9:00 – 16:50 Continuous trading phase16:50 – 17:00 Pre-closing phase (closing call)17:00 Closing (closing price is determined)17:00 – 17:05 Post-auction tradingSingle-price system8:30 – 11:00 Pre-opening phase (opening call)11:00 Opening (opening price is determined)11:00 – 11:30 Post-auction trading11:30 – 15:00 Pre-opening phase (next opening call)15:00 Opening (opening price is determined)15:00 – 15:30 Post-auction trading15:30 – 17:05 Pre-opening phase (next opening call)On the first day of trading in financial instruments the trading is organised in accordancewith the following schedule:Continuous trading8:30 – 11:00 Pre-opening phase (opening call)11:00 Opening (opening price is determined)11:00 – 16:50 Continuous trading phase16:50 – 17:00 Pre-closing phase (closing call)17:00 Closing (closing price is determined)17:00 – 17:05 Post-auction tradingSingle-price system8:30 – 11:00 Pre-opening phase (opening call)11:00 Opening (opening price is determined)11:00 – 12:00 Post-auction trading12:00 – 15:00 Pre-opening phase (next opening call)15:00 Opening (opening price is determined)15:00 – 15:30 Post-auction trading15:30 – 17:05 Pre-opening phase (next opening call)274


NewConnectPrice variation limits on NewConnectContinuous tradingInstrumentReference price(opening)Acceptable price variation limit forthe openingAcceptable price variationlimit for the session, incase the opening pricehas been determined*SharesRights to sharesPre-emptiverightsClosing price±20% relative to closing price(extendable to 44%)±20% relative to opening price(extendable)* If no opening price has been determined at opening, the acceptable price variation limit is determinedin relation to the closing price.On the debut day, the price variation limit relative to the opening price is max. ±50% for sharesand rights to shares, and the price variation limit relative to the opening price established duringthe balancing phase is max. ±100%.Single-price systemInstrumentSharesRights to sharesPre-emptive rightsPermissible price variation limit for auction*±20% relative to the reference price of the last auction(extendable)* On the debut day the price variation limit for the first single price on shares and on rights to sharesis max. ±50%, whereas upon consent of the Alternative Trading System (ATS) operator the pricevariation limit may reach max. ±100%.275


Fact Book 2013NewConnect MembersNewConnect membership is open only toorganisations which have the status of a WSEmember.In order to obtain NewConnect membership, interestedWSE members must apply to the WSEto set the start date and the scope of their operationsto be conducted on NewConnect. In orderto begin operations on NewConnect, WSEmembers are required to submit a declarationconfirming that they intend to join the marketNewConnect Members (end of 2012)Alior Bank SAwww.aliorbank.plBanco Espirito Santo de Investimento S.A.www.esinvestment.comBank BPH SAwww.bph.plBank DnB NORD Polska SAwww.dnbnord.plBank Gospodarki Żywnościowej SAwww.bgz.plBank Polska Kasa Opieki SAwww.pekao.com.plCentralny Dom Maklerski Pekao SAwww.cdmpekao.com.plCopernicus Securities SAwww.copernicus.plCYRRUS as *www.cyrrus.czConcorde Securities S.A. *www.concordesecurities.huDB Securities SAwww.db.comDom Inwestycyjny BRE Banku SAwww.dibre.com.plDom Maklerski AmerBrokers SAwww.amerbrokers.plDom Maklerski Banku BPS SAwww.dmbps.plDom Maklerski Banku Handlowego SAwww.dmbh.plDom Maklerski Banku Ochrony Środowiska SAwww.bossa.plDom Maklerski BDM SAwww.bdm.com.pl* A foreign investment firm.and that they have made the required paymentto the fund which secures ATS transactions (thefund is operated by the National Depository forSecurities). Alternatively, the payment may bemade by another organisation which has signedan agreement with the relevant market memberto settle NewConnect transactions.NewConnect members include domestic brokeragehouses, banks engaging in brokerageactivities and foreign investment firms.Dom Maklerski BZ WBK SAwww.dmbzwbk.plDom Maklerski IDM SAwww.idmsa.plERSTE Securities Polska SAwww.esp.plING Securities SA w Warszawiewww.ingsecurities.plIP INTERCAPITAL MARKETS ADwww.intercapital.bg/enIPOPEMA SECURITIES SAwww.ipopema.plKBC Securities NV (SA) Oddział w Polscewww.kbcmakler.plMillennium Dom Maklerski SAwww.millenniumdm.plNOBLE Securities SAwww.noblesecurities.plNWAI Dom Maklerskiwww.nwai.plOPERA Dom Maklerski Sp. z o.o.www.opera.plPowszechna Kasa Oszczędności Bank Polski SAwww.dm.pkobp.plRaiffeisen Bank Polska SAwww.raiffeisen.plTRIGON Dom Maklerski SAwww.trigon.plUniCredit CAIB Poland SAwww.ca-ib.comWood & Company Financial Services as *www.wood.czX- Trade Brokers Dom Maklerski SAwww.xtb.plDom Inwestycyjny Xelion sp. z o.o.276


NewConnectNewConnect Members’ shares in trading in 2012No. Brokerage houses Order-book trades Block trades(PLN million) (%) (PLN million) (%)1 DI BRE Banku 357.65 15.67 49.03 15.132 DM BZ WBK 302.19 13.24 88.84 27.413 ALIOR BM 293.89 12.88 8.43 2.64 DM BOŚ SA 237.71 10.42 19.48 6.015 CDM PEKAO 151.38 6.63 4.29 1.326 PKO BP 123.48 5.41 11.62 3.597 BDM SA 119.18 5.22 4.25 1.318 ING SECUR 92.55 4.06 2.17 0.679 DM PEKAO 77.38 3.39 3.87 1.1910 NOBLE 63.59 2.79 0.48 0.1511 BESI 62.74 2.75 2.45 0.7612 AMERBROKERS 50.72 2.22 0.73 0.2313 DNB NORD 47.62 2.09 2.22 0.6914 TRIGON 46.35 2.03 8.23 2.5415 KBC SECURITIES 44.44 1.95 2.16 0.6716 BPH 41.16 1.8 1.15 0.3517 IDMSA 38.8 1.7 28.9 8.9218 MILL DM 32.46 1.42 22.07 6.8119 BGŻ SA 20.85 0.9120 XTB 18.62 0.82 0.1 0.0321 DB SECUR. 12.49 0.55 6.21 1.9222 COPERNICUS 11.44 0.5 13.85 4.2723 DM BH 7.63 0.33 9.07 2.824 ERSTE 6.9 0.325 IPOPEMA 5.96 0.26 0.2 0.0626 DM BPS 5.76 0.2527 WOOD 3.14 0.14 16.2 528 RAIFFEISEN BANK POLSKA 1.5 0.0729 UNICRCAIB 1.44 0.06 12.23 3.7730 CYRRUS 0.83 0.0431 NWAI DM 0.75 0.0332 OPERA 0.52 0.0233 INTERCAPITAL 0.28 0.0134 XELION 0.26277


Fact Book 2013Market Animator/Market MakerDuring their presence on NewConnect,each issuer is supported by an investmentcompany which acts as a market animator.The status of NewConnect market animatoris available for market members andother investment firms (incl. foreign ones)which have signed relevant contracts withthe WSE and committed to support liquidityof financial instruments traded on NewConnect.After two years following the first tradingof financial instruments on NewConnect,the WSE may waive the requirement for anissuer to have a market animator, providedthat the liquidity of the issuer’s instrumentsis sufficient. The WSE may commit the issuerto fulfil the requirement mentioned aboveshould it deem this condition necessary toimprove the liquidity of the issuer’s instruments.At the end of December 2012 a total of 15market animators were active on NewConnect.List of NewConnect Market Animators (as of 31 December 2012)Bank DnB NORD Polska SAwww.dnbnord.plCyrrus, a.s.*www.cyrrus.czDom Maklerski Amerbrokers SAwww.amerbrokers.plDom Maklerski Banku OchronyŚrodowiska SAwww.bossa.plDom Maklerski BZ WBK SAwww.dmbzwbk.plDom Maklerski IDM SAwww.idmsa.plDom Maklerski TRIGON SAwww.trigon.plPowszechna Kasa Oszczędności BankPolski SAwww.dm.pkobp.plCopernicus Securities SAwww.copernicus.plNOBLE Securities SAwww.noblesecurities.plALIOR Bank SAwww.aliorbank.pl/pl/biuro_maklerskieDom Maklerski Banku BPS SAwww.dmbps.plNWAI Dom Maklerski SAwww.nwai.pl* A foreign investment firm.278


NewConnectAuthorised Advisers on NewConnectAny company which intends to effect its IPOon NewConnect has an obligation to undertakeco-operation with an authorised adviser,i.e. an advisory company authorisedby the WSE to operate within its AlternativeTrading System (ATS).The status of an authorised adviser is availableto investment companies, law firms,audit companies or financial consultancieswith expertise in providing capital marketservices to small and medium enterprisesand, since 2012, employing at least twoholders of the Alternative Trading SystemAdviser Certificate. This certificate can beobtained upon passing a specialised examination(organised by the WSE) which verifiesthe candidate’s knowledge and practicalcommand of Alternative Trading Systemregulations.The role of the Authorised Adviser is to providecomprehensive services to issuers duringtheir preparation for the IPO, e.g. checkingif the information document has been drawnup in accordance with the ATS requirements,approving the information document (whichis viewed as an endorsement that the companyreferred by the Authorised Adviser toNewConnect is a reliable one) and, for threeyears following the IPO, ensuring qualifiedsupport with regard to compliance with mandatorydisclosures and the trading in issuer’sfinancial instruments within the ATS.As of 31 December 2012 a total of 93 entitieswere registered as Authorised Advisers onNewConnect.NewConnect Authorised Advisers*Companies which concurrently act as Authorised Advisers on NewConnect and Catalyst.4Capital sp. z o.o.*www.4-capital.plABISTEMA Kancelaria Doradcza sp. z o.o.*www.abistema.plACADIA Spółka z ograniczonąodpowiedzialnością S.K.A.www.acadia.plAdwokaci i Radcowie Prawni sp. k. IzabellaŻyglicka i Wspólnicy*www.kpr.plArt Capital sp. z o.o.www.art-capital.plBank DnB NORD Polska SA*www.dnbnord.plBank Gospodarki Żywnościowej SA - BiuroMaklerskie*www.bgz.pl/biuro_maklerskie/Bank Zachodni WBK SA*www.bzwbk.plBastion Dom Inwestycyjny sp. z o.o.www.bastiongroup.comBDO sp. z o.o.www.bdo.plBeskidzkie Biuro Consultingowe SA*www.bbc-polska.comBest Capital sp. z o.o.*www.bestcapital.comBlue Tax Group SA*www.bluetax.pl279


Fact Book 2013BRE Corporate Finance SA*www.bcf.plBTFG Audit sp. z o.o.www.bt-fg.comCapital City sp. z o.o.*www.capitalcity.plCapital Kopernik SA*www.capitalkopernik.plCapital One Advisers sp. z o.o.*www.capitalone.plCarnelian Partners sp. z o.o.www.carnelian.plCC Group sp. z o.o.www.ccgroup.com.plCellica sp. z o.o.www.cellica.plCertus Capital SAwww.certuscapital.plChabasiewicz, Kowalska i Partnerzy.Radcowie Prawni*www.ck-legal.plCapital Solutions ProAlfa sp. z o.o.www.cs-proalfa.plCopernicus Securities SAwww.copernicus.plCorvus Corporate Finance sp. z o.o.*www.corvuscf.plCWW S. Cetera, M. Węgrzyn-Wysockai Wspólnicy Kancelaria Radców Prawnychi Adwokatów sp. k.www.cww.plDąbrowski Finance sp. z o.o.*www.dabrowskifinance.euDFI sp. z o.o.www.dfi.com.plDom Inwestycyjny Investors SA*www.investors.plDom Inwestycyjny Taurus SA*www.dom-taurus.plDom Maklerski Banku BPS SA*www.dmbps.plDom Maklerski BDM SA*www.bdm.com.plDom Maklerski BOŚ SA*www.bossa.plDom Maklerski Capital Partners SA*www.dmcp.com.plDom Maklerski WDM SA*www.wdmsa.plDSBJ Grupa Doradcza sp. z o.o.*www.dsbj.euEBC Solicitors SA*www.ebcsolicitors.plECA Auxilium SAwww.auxilium.com.plEFICOM SAwww.eficom.plEquity Advisors sp. z o.o.*www.equityadvisors.plEquity Market Consulting Group sp. z o.o.www.emcg.plERSTE Securities Polska SA*www.esp.plFitz Roy sp. z o.o.*www.fitz-roy.plGrant Thornton Frąckowiak sp. z o.o. sp. k.*www.GrantThornton.plGrupa Gumułka - Audyt sp. z o.o.*www.gumulka.plGrupa Trinity SA*www.grupatrinity.plICF sp. z o.o.*www.icfsa.plIDMSA.PL Doradztwo Finansowe sp. z o.o.www.df.idmsa.plInfinity8 SA*www.infinity8.plInvest Concept sp. z o.o.www.investconcept.plINVESTcon Group SA*www.investcongroup.plIPO SA*www.ipo.plIPO Doradztwo Strategiczne SAwww.ipo.com.plJonak Doradztwo sp. z o.o.*www.jonaklaw.comKancelaria CSW Więckowska i Partnerzy,Radcy Prawni*www.kancelaria-csw.plKancelaria Radców Prawnych LeszekCzarny, Wojciech Budny i Wspólnicy sp. k.www.czarny-budny.plKurek, Kościołek Wójcik KancelariaRadców Prawnych sp. p.www.kkw.plLema Finance sp. z o.o.*www.lemacapital.plLewandowski Pyffel & Partners sp. z o.o.*www.lpip.pl280


NewConnectŁuczyński i Wspólnicy sp. k.www.liwlegal.plM&M Doradztwo Gospodarcze sp. z o.o.*www.mm-dg.plMercurius Financial Advisors sp. z o.o. sp. k.www.mfa.plMetropolitan Capital Solutions sp. z o.o.S.K.A.www.metropolitancapital.plNavigator Capital SAwww.navigatorcapital.plNobilis Partners Polewczak GładyszGrocholski sp. k.www.nobiliscounsels.comNoble Securities SA*www.noblesecurities.plNWAI Dom Maklerski SA*www.nwai.plO.M. Finance sp. z o.o.*www.omfin.plOPERA Dom Maklerski sp. z o.o.*www.opera.plPKF Consult sp. z o.o.*www.pkfpolska.plPL Consulting sp. z o.o.www.pl-consulting.plPlatinium Investment sp. z o.o.www.platiniuminvest.comProf. Marek Wierzbowski i Partnerzy- Adwokaci i Radcowie Prawniwww.mwlegal.plPROFESCAPITAL sp. z o.o.*www.profescapital.plPrometeia Capital sp. z o.o.www.prometeia.plRadzikowski, Szubielska i Wspólnicy sp.k.(Chadbourne & Parke)*www.chadbourne.comRaiffeisenbank a.s.www.rb.czRaiffeisen Investment Polska sp. z o.o.www.raiffeiseninvestment.comRubicon Partners Corporate Finance SA*www.rubiconpartners.plRunicom Corporate Finance sp. z o.o. sp. k.*www.runicomcf.plSALWIX sp. z o.o.*www.salwix.plSecus Asset Management SA*www.secus.plSobolewska i WspólnicyDoradcy Prawni sp. k.*www.smlegal.plT&T Consulting sp. z o.o.www.ttconsulting.plTatar i Wspólnicy sp. k.*www.tatar.com.plTop Consulting SAwww.topconsult.plTrigon Dom Maklerski SA*www.trigon.plValor Partners sp. z o.o.*www.valorpartners.plVentus Asset Management SA*www.ventusam.plWDM Autoryzowany Doradca sp. z o.o.*www.wdmsa.plWołoszański, Rożko i Partnerzy KancelariaRadców Prawnych*www.wrplegal.plZarzecki, Lasota i Wspólnicy sp. z o.o.*www.zarzecki.pl281


Fact Book 2013Mandatory DisclosuresThe following disclosures are mandatory forNewConnect companies:• current reports, containing information onall relevant events and plans affecting theirmarket status or the price of their financialinstruments,• periodic financial reports:- quarterly reports,- audited annual reports, with an auditor’sreport and statement.In comparison with the regulated market,NewConnect companies are not required topublish semi-annual reports, they have moretime to publish annual reports (six months)and are subject to a narrower scope of disclosuresin their quarterly reports.Reporting under the ATS Rules is managedthrough the Electronic Information Base(EIB). This is a system for publishing currentand periodic reports submitted by New-Connect companies. EIB was developed inhouseand is supervised by the WSE.In the WSE's efforts to ensure a high qualityof relations between NewConnect companiesand investors and, consequently, tofacilitate growth of the market as a whole,‘Best Practices for NewConnect Companies’have been mandatory since 2009. Accordingthat document, listed companies arerequired to publish their annual reports togetherwith a descriptive corporate governancereport and current reports on violationsof best practices, if any.A detailed list of current and periodic reports,with their respective coverage andpublication deadlines, is provided in Appendix3 to the Rules of the Alternative TradingSystem, available from www.newconnect.pl(section: Regulations).Distribution of NewConnect DataAny investor may watch NewConnect quotationsas they appear through www.newconnect.pland www.gpwinfostrefa.pl. Access toNewConnect data is also available throughauthorised data vendors.At the end of December 2012 a total of 39 vendorsoffered real-time access to stock quotationsto their subscribers. This group includes22 brokerage houses, 7 news agencies, 6 webportals, 3 IT system providers and 1 bank. Thevast majority of those vendors have offeredaccess to NewConnect quotations since itslaunch.At present, nearly all Polish data vendors (31companies) offer NewConnect quotations.Moreover, quotations are distributed by 5leading global news agencies (Thomson Reuters,Bloomberg, Interactive Data, SIX Telekursand VWD). Subscribers have easy accessto stock quotations via the same applicationswhich they use to monitor the WSE Main Listquotations. Currently, nearly 282,000 subscribershave access to NewConnect quotations.Among them over 277,000 are Polishinvestors and the remaining ones are foreignentities.282


NewConnect List of Data Vendors (end of February 2013)Banku DnB NORD Polska SAwww.bmdnbnord.plDom Maklerski BDM S.A.www.bdm.com.plBankier.plwww.bankier.plCDM Pekaowww.cdmpekao.com.plDM BPHwww.bm.bph.plInteria.plwww.interia.plPresspublicawww.rp.plDM BZ WBKwww.dmbzwbk.plDM BOŚwww.bossa.plDM Amerbrokerswww.amerbrokers.plReuterswww.reuters.comDM PKO BPwww.dm.pkobp.plDM Trigonwww.trigon.plDI BREwww.brebank.plING Securitieswww.ingsecurities.plWirtualna Polskawww.wp.plPolska Agencja Prasowawww.pap.plTelekurswww.six-telekurs.comDom Maklerski IDMwww.idmsa.plBonnier Businesswww.bonnier.plmBankwww.mbank.plKBC Securitieswww.kbcmakler.plOnet.plwww.onet.plBGŻwww.bgz.plFT Interactive Datawww.interactivedata.comBloombergwww.bloomberg.comOPERA Dom Maklerskiwww.opera.plAlior Bankwww.aliorbank.plNOBLE Securitieswww.noblesecurities.plDM Banku Handlowegowww.dmbh.plVWDwww.vwd.comPolski Terminal Finansowywww.terminalfinansowy.plRaiffeisen Bank Polskawww.raiffeisen.plDeutsche Bank PBCwww.deutsche-bank-pbc.plXignitewww.xignite.comNotoria Serwiswww.ir.notoria.pl283


Fact Book 2013Company reportsAccess to issuers’ reports is enabled throughEIB. As is the case with quotations, reportscan be viewed at www.newconnect.pl andwww.gpwinfostrefa.pl. Access to EIB reportsis also offered via authorised data vendors.At the end of December 2012 a total of 19vendors offered access to company reportsto their subscribers (with availability of real--time quotations). This group included 18Polish companies and one foreign entity (Reuters).NewConnect companies are required topublish their current reports, audited annualreports and quarterly reports. There is no obligationto have quarterly reports audited orreviewed. If an issuer is part of a group andis required to prepare consolidated financialreports under separate regulations, such consolidatedreports are also submitted. List of distributors of company reports (end of 2012)DM Millenniumwww.millenniumdm.plBiuro MaklerskieBanku DnB NORD Polska SAwww.bmdnbnord.plReuterswww.reuters.comPresspublicawww.rp.plInteria.plwww.interia.plPolska Agencja Prasowawww.pap.plBankier.plwww.bankier.plBonnier Businesswww.bonnier.plNOBLE Securitieswww.noblesecurities.plOnet.plwww.onet.plCDM Peksowww.cdmpekao.com.plMoney.plwww.money.plCAITwww.cait.com.plXTBwww.xtb.plGrupa Trinitywww.grupatrinity.plFinancial Webwww.finweb.comWSEInfoEnginewww.infoengine.plNotoria Serwiswww.notoria.plDM BDMwww.bdm.com.pl284


NewConnectListed Companies- NewConnect(end of 2012)11BIT [11BA]11 BIT STUDIOS SAwww.11bitstudios.pl01CYBRATON [01C]01 CYBATON SAwww.01cyberaton.eu5THAVENUE5th Avenue HoldingSAwww.5avenueholding.com11BIT [11BA]11 BIT STUDIOS SAwww.11bitstudios.pl8FORMULA [8FO]FORMUŁA 8 SAwww.formula8.plABAK [ABK]ABAK SAwww.abak.com.plABEONET [ABO]ABEONET SAwww.abeonet.plABSINVEST [AIN]ABS INVESTMENT SAwww.absinvestment.plACARTUS [ACA]ACARTUS SAwww.acartus.plACREO [ACR]ACREO SAwww.acreo.plADASTRA [ADA]AD ASTRA EEXECU-TIVE CHARAKTER SAwww.aam.com.plADMASSIVEADMASSIVE SAwww.admassive.plADMIRAL [ADM]ADMIRAL BOATS SAwww.admiral-boats.comADUMA [ADU]ADUMA SAwww.aduma.plADVERTIGO [AVE]ADVERTIGO SAwww.ad-music.plADVGRUPA [ADV]GRUPA ADV SAwww.grupa-adv.plAEDES [AED]AEDES SAwww.aedes.plAERFINANC [AER]AERFINANCE PLCwww.aerfinance.comAGROLIGA [AGL]AGROLIGA GROUPPLCwww.agroliga.com.uaAGROMA [AGM]AGROMA SAwww.agroma.plAIRMARKET [AIR]AIR MARKET SAwww.airmarketsa.comAITON [AIT]AITON CALDWELL SAwww.aitoncaldwell.plAKCEPTFIN [AFC]AKCEPT FINANCE SAwww.akceptfinance.plALDA-PDA [ALDA]ALDA SAwww.alda.com.plALEJA [ALS]ALEJA SAMOCHO-DOWA SAwww.alejasamochodowa.plALKAL [ALKA]ALKAL SAwww.alkal.plALUMAST [ALU]ALUMAST SAwww.alumast.euANALIZY [AOL]ANALIZY ONLINE SAwww.analizy.plAPLINTER [API]A.PL INTERNET SAwww.a.plAPOLLO [APC]APOLLO CAPITAL SAwww. apollocapital.plAPOLONIA [APO]APOLONIA MEDICALSAwww.apoloniastudio.comAPS-PDA [APSA]AUTOMATYKA-PO-MIARY-STEROWANIESAwww.aps.plAQUABB [AQU]AQUA SA WBIELSKU-BIAŁEJwww.aqua.com.plAQUAPOZ [AQA]AQUA SAwww.aqua.poznan.plAIR-PDAAGENCJA ROZWOJUINNOWACJI SAwww.arisa.com.pAPIS [ASA]APIS SAwww.apissa.plARTBIZNES [ABI]Art & Business MagazineSAwww.artbiznes.plARTEFE [ART]ARTEFE SAwww.artefe.com.plARTNEWMED[ANM]ART NEW MEDIA SAwww.artnewmedia.plASSETUS [ASS]ASSETUS SAwww.assetus.plASTORIA [ACL]ASTORIA CAPITALSAwww.biomedinvestors.plASTRO [ASR]ASTRO SAwww.astroastro.pl285


Fact Book 2013ATCCARGO [ATA]ATC CARGO SAwww.atc-cargo.plATONHT [ATO]ATON-HT SAwww.aton.com.plATSENERGY [ATE]ATLANTIS ENERGYSAwww.atlantis-energy.plAUTOSPA [ASP]Auto-Spa Sp. z o.o.www.auto-spa.plECAUXILIUM [ECA]ECA AUXILIUMKANCELARIABIEGŁYCHREWIDENTÓW SAwww.auxilium.com.plAZTEC [AZC]AZTEC INTERNA-TIONAL SAwww.aztec-international.euB2BPARTNER [B2B]B2B PARTNER SAwww.zakupy.comBALTICON [BLT]BALTICON SAwww.balticon.plBALTONA [BAL]PRZEDSIEBIORSTWOHANDLU ZAGRANIC-ZNEGOBALTONA SAwww.baltona.plBAUMAL [BAU]BAUMAL GROUP SAwww.baumal.plBBCONSULT [BBA]Beskidzkie Biuro ConsultingoweSAwww. bbc-polska.comBGE [BGE]BGE SAwww.bgesa.plBGSENERGY [BGS]BGS ENERGY PLUSA.S.www.bgs-energy.czBIOFACTOR [BFC]BIOFACTORY SAwww.biofactory.plBINARY [BHX]BINARY HELIX SAwww.binaryhelix.euBIOERG [BER]BIOERG SAwww.bioerg.plBIOGENED [BGD]BIOGENED SAwww.biogened.plBIOMAS [BEP]BIOMASS ENERGYPROJECT SAwww.bep-sa.plBIOMAX [BIM]BIOMAX SAwww.biomaxsa.plBIOMAXIMA [BMX]BIOMAXIMA SAwww.biomaxima.comBIOMEDLUB [BML]BIOMED-LUBLIN SAwww.biomed.lublin.plBLACKPOIN [BPN]BLACK POINT SAw.blackpoint.plBLIRT [BLR]BLIRT SAwww.blirt.plBLOOBER [BLO]BLOOBER TEAM SAwww.blooberteam.comBLUETAX [BTG]BLUE TAX GROUPSAwww.bluetax.plBLUMERANG [BLU]BLUMERANG INVES-TORS SAwww.blumerang.plBMMEDICAL[BMM]BM MEDICAL SAwww.medical.plBOA [BOA]BOA SAwww.boasa.com.plBPC [BPC]BLACK PEARL CAPI-TAL SAwww.blackpearlcapital.plBPI [BPI]BLU PRE IPO SAwww.blupreipo.com.plBRASTER [BRA]BRASTER SAwww.braster.euBRIJU [BRI]BRIJU SAwww.briju.plBROADGATE [BGD]BROAD GATE SAwww.broadgate.plBUDOSTAL5 [BL5]BUDOSTAL-5 SAw.budostal5.com.plBUDUS [BDS]KATOWICKIEPRZEDSIĘBIORSTWOBUDOWNICTWAPRZEMYSŁOWEGOBUDUS SAwww.budus.com.plC2A [C2A]CALL2ACTION SAwww.call2action.plCALESCO [CLS]CALESCO SAwww.calesco.plCASPAR [CSR]CASPAR ASSETMANAGEMENT SACCS [CCS]CYFROWE CENTRUMSERWISOWE SAwww.ccsonline.plCCTOOLS [CCT]CALL CENTR TOOLSSAwww.cctools.plCERABUD [CER]CERABUD SAwww.cerabud.plCFBPS [CFB]CF BANKU BPS SAwww.cfbps.plCLOUD [CLD]CLOUD TECHNOLO-GIES SAwww.cloudtechnologies.plCODEMEDIA [COD]CODEMEDIA SAwww.codemedia.plCOLEOS [CLO]COLEOS SAwww.coleos.plCOMPERIA [CPL]COMPERIA.PL SAwww.comperia.plCOMPRESS [COM]COMPRESS SAwww.compress.com.plCOOLMARK [CLM]COOL MARKETINGSAwww.coolmarketing.plCOPERNIC [CRS]COPERNICUS SECU-RITIES SAwww.copernicus.plCSY [CSY]CSY SAwww.csy.ilawa.plCUBEITG [CTG]CUBE.ITG SAwww.cubeitg.plCWPE [CWP]CENTRUM WSPIERI-ANIA PROJEKTÓWEUROPEJSKICH SAwww.cwpe.pl286


NewConnectDAAH [DAH]DOM AUKCYJNY AB-BEY HOUSE SAwww.abbeyhouse.plDANKS [DNS]DANKS EUROPE-JSKIE CENTRUMDORADZTWAPODATKOWEGO SAwww.danks.com.plDASE [DFG]DASE FINANCIALGROUP SAwww.dase.plDEKTRA [DKR]DEKTRA SAwww.dektra.plDEMOLEN [DEM]DE MOLEN SAwww.demolen.com.plDENTAMDC – PDA[DAMA]DENT-A-MEDICAL SAwww.dent-a-medical.comDEPEND [DEP]DEPEND SAwww.depend.plDFP [DFP]DFP DORADZTWOFINANSOWE SAwww.dfp.plDIGITAL [DGL]DIGITAL AVENUE SAwww.digitalavenue.plDIRECTES [DES]DIRECT ESERVICESSAwww.direkt24.bizDOBRANASZA[DNA]DOBRA NASZA SAwww.dobranasza.plDOMENOMAN[DOA]DOMENOMANIA.PL SAwww.domenomania.plDOMEXBUD [DMX]DOMEX-BUD DEVEL-OPMENT SAwww.domex-bud.plDOMLEK [DML]DOM LEKARSKI SAwww.domlekarski.plDOMZDROW [DMZ]DOMZDROWIA.PL SAwww.domzdrowia.plDORADCY24 [D24]DORADCY24 SAwww.doradcy24.plDRUKPAK [DRU]KUJAWSKIEZAKŁADY POLIGRA-FICZNEDRUK-PAK SAwww.drukpak.plDTP [DTP]DTP SAwww.dtpartners.plDYWILAN [DYW]DYWILAN SAwww.dywilan.plD&D [DXD]D&D SAwww.d-d.com.plEASTSIDE [ESC]EASTSIDECAPITOLSAwww.eastsidecapital.euEASYCALL [ECL]EASYCALL.PL SAwww.easycall.plEBC [EBC]EBC SOLICITORS SAwww.ebcsolicitors.plECOTECH [ECO]ECOTECH POLSKASAwww.ecotech.com.plEDISON [EDN]EDISON SAwww.edison.plEFICOM [EFI]EFICOM SAwww.eficom.plEGB [EGB]EGB INVESTMENTSSAwww.egb.plEKANCELAR [EKA]E-KANCELARIAGRUPA FINANSOWASAwww.e-kancelaria.comEKIOSK [EKSA]E-KIOSK SAwww.e-kiosk.plEKOBOX [EBX]EKOBOX SAwww.ekobox.plEKOKOGEN [EKG]EKOKOGENERACJASAwww.ekokogeneracja.comEKOPOL [EGH]EKOPOLGÓRNOŚLĄSKIHOLDING SAwww.eg.com.plELEMENTAL [EMT]ELEMENTAL HOLD-ING SAwww.elementalholding.plELKOPNRG [ENR]ELKOP ENERGY SAwww.elkopenergysa.plEMCAPITAL [ECP]EMMERSON CAPI-TAL SAwww.emmersoncapital.plEMMERSON [EMM]EMMERSON SAwww.emmerson.plEMONT [ELM]ELEKTROMONT SAwww.elektromont.plEMPORIUM [EMR]EMPORIUM SAwww.emporiumsa.com.plEMUZYKA [EMU]E-MUZYKA SAwww.e-muzyka.plEONET [EON]EO NETWORKS SAwww.eo.plEPICTURES - PDA[EAPA]EAST PICTURES SAwww.eastpictures.plEPIGON [EPI]EPIGON SAwww.epigonsa.plERS [ERS]EUROSYSTEM SAwww.eurosystem.com.plESKIMOS [ESK]ESKIMOS SAwww.eskimossa.plESOTIQ [EAH]ESOTIQ&HENDERSONSAwww.esotiqhenderson.comESPEROTIA [EEI]ESPEROTIA ENERGYINVESTMENTS SAwww.esperotia.plEUROSNACK [ECK]OSNACK SAwww.eurosnack.plEUROTAX [ETX]EURO-TAX.PL SAwww.euro-tax.plEXAMOBILE [EXA]EXAMOBILE SAwww.examobile.comEXDEBT [EXD]EX-DEBT SA.www.exdebt.plEZO [EZO]EZO SAwww.ezo-recycling.plFABRFORMY [FFO]FABRYKA FORMY SAwww.fabryka-formy.plFACHOWCY [FAV]FACHOWCY.PL VEN-287


Fact Book 2013TURES SAwww.fachowcy.plFARM51 [F51]THE FARM 51 GROUPSAwww.thefarm51.comFHDOM [FHD]FUNDUSZ HIPOTEC-ZNY DOM SAwww.funduszhipoteczny.plFINHOUSE [FIN]FINHOUSE SAwww.finhouse.plFININT [FIP]FINANCIAL INTERME-DIARIES POLSKA SAwww.fipsa.plFITEN [FIN]FITEN SAwww.fiten.plFLUID [FLD]FLUID SAwww.fluid.plFLYPL [FLY]FLY.PL SAwww.fly.plFMOZAROW-PDA[FMOA]FABRYKA MASZYNOŻARÓW SAwww.fm-ozarow.plFONECO [FNE]FON ECOLOGY SAwww.fon-sa.plGALVO [GAL]GALVO SAwww.galvo.com.plGCINVEST [GCI]GC INVESTMENT SAwww.gcinvest.plGENERGY [GNR]GENESIS ENERGY SAwww.divicom.plGENOMED [GEN]GENOMED SAwww.genomed.plGEOINVENT [GEO]GEOINVENT SAwww.geoinvent.com.plGKSKAT [GKS]GKS GIEKSA KATO-WICE SAwww.gieksa.plGLOBAL [GTR]GLOBAL TRADE SAwww.global-trade.plGMK [GMK]GRUPA MENNICEKRAJOWE SAwww.gmksa.plGOLAB [GOL]GOLAB SAwww.golabsa.plGOLDWYN [GCL]GOLDWYN CAPITALSAwww.goldwyncapital.plGPPI [GPP]GRUPA PACTOR -POTEMPA INKASSOSAwww.gppi.plGRAPHIC [GRP]GRAPHIC SAwww.graphic.plGREENENER [GRE]D.B.B. GREEN EN-ERGY SAwww.dbbgreen.plGREMPCO [GRM]GREMPCO SAwww.grempco.comGRJAGUAR [GJA]GRUPA JAGUAR SAwww.grupajaguar.plGRODNO [GRN]GRODNO SAwww.grodno.plGRUPAHRC [HRC]GRUPA HRC SAwww.hrc.com.plGRUPAREC [GRC]GRUPA RECYKL SAwww.gruparecykl.plGWARANT [GWR]GWARANT AGENCJAOCHRONY SAwww.gwarant.plHEFAL [HEF]HEFAL SERWIS SAwww.hefalserwis.pl;www.hefal.plI3D [I3D]I3D SAwww.isd.plIAI [IAI]IAI SAwww.iai-sa.comIBCPOLSKA [IBC]IBC POLSKA F&P SAwww.grupaibc.plICMVISION [ICM]ICOM VSION HOLD-ING ASwww.icomvision.comICPGROUP [ICP]ICP GROUP SAwww.icpgroup.plICPD [ICD]INTERCAPITAL PROP-ERTYDEVELOPMENTwww.icpd.bgIGORIA [IGT]IGORIA TRADE SAwww.igoriatrade.comIMS [IMS]INTERNET MEDIASERVICES SAwww.ims.fmIMMOFUND [IMF]IMMOFUND SAwww.immofundsa.plINBOOK-PDA[INBA]INBOOK SAwww.inbook.plFOREVEREN [FOR]FOREVER ENTER-TAINMENT SAwww.forever-entertainment.comFORPOSTA [FDO]FORPOSTA SAwww.forposta.plFUTURIS [FUT]FUTURIS SAwww.futuris.com.plGONTYNIEC [BRO]BROWAR GON-TYNIEC SAwww. browarczarnkow.plGOTFI [GTF]GO TFI SAwww.gounited.plGPFCAUSA –PDA[GPFA]GRUPA PRAWNOFINANSOWA CAUSASAwww.gpfcausa.plHORTICO [HOR]HORTICO SAwww.hortico.plHOTBLOK [HOT]HOTBLOK SAwww.hotblok.plHURTIMEX [HRT]HURTIMEX SAwww.hurtimex.com.plHYDRAPRES [HPS]HYDRAPRES SAwww.hydrapres.plINCANA [ICA]INCANA SAwww.incana.plIDH [IDH]IDH SAwww.indexcopernicus.comINDEXMEDI [INX]INDEXMEDICA SAwww.indexmedica.plINFOSYS [IFS]INFOSYSTEMS SAwww.infosystems.pl288


NewConnectINNOGENE [IGN]INNO-GENE SAwww.inno-gene.euINPOINT [IPT]IN POINT SAwww.in-point.plINTELIWIS [ITL]INTELIWISE SAwww.inteliwise.comIU [IUS]INTERNET UNION SAwww.internetunion.plINTERNITY [INT]INTERNITY SAwww.internitysa.plINTWORKS [IWS]INTERNET WORKSSAwww.internetworks.plINVENTI [IVT]INVENTI SAwww.inventi-power.plINVESTREM [ITX]INVEST-REMEX SAwww.investremex.plINVICO [IVC]INVICO SAwww.pragmatrade.plINVISTA [INV]INVISTA SAwww.invista.com.plINWAZJA [IPC]INWAZJAPC SAwww.inwazjapc.plINWESTPL [INW]INWESTYCJE.PL SAwww.inwestycje.plIPO [ISAA]IPO SAwww.ipo.plIPODS [IOD]IPO DORADZTWOSTRATEGICZNE SAwww.ipo.com.plISIAG [ISG]INSTYTUT SZKOLENI ANALIZ GOSP-ODARCZYCH SAwww.instytutsiag.plIZOBLOK [IZB]IZO BLOK SAwww.izo-blok.plJANTAR [JAN]JANTAR DEVELOP-MENT SAwww.jantardevelopment.plJDB [JDB]JURAJSKI DB SAwww.jdbsa.plJRINVEST [JRI]JR INVEST SAwww.jrinvest.plKBJ [KBJ]KBJ SAwww.kbj.com.plKCSP [KCS]KCSP SAwww.kcsp.plKKHERBAL [KKH]K&K HERBAL PO-LAND SAwww.kkpoland.plKLON [KLN]KLON SAwww.klon.net.plKME[KME]KANCELARIA ME-DIUS SAwww. kancelariamedius.plKOMFORTKM[KKM]KOMFORT-KLIMA SAwww.komfort-klima.plKOMPLEKS [KMS]GRUPA KONSULTIN-GOWO-INZYNIERYJ-NAKOMPLEKS SAwww.kompleks.plKOPAHAUS [KOP]KORPORACJA BU-DOWLANA KOPA-HAUS SAwww.kopahaus-barlinek.plKORBANK [KOR]KORBANK SAwww.korbank.plwww.investor.korbank.plKUPIEC [KPC]KUPIEC SAwww.kupiec.az.plLANGLOO [LAN]LANGLOO.COM SAwww.langloo.comLASERMED [LSR]LASER-MED SAwww.laseroterapia.bydgoszcz.plLAURENPES [LPS]LAUREN PESO POL-SKA SAwww.laurenpeso.plPREMETINV [PMI]PRECIOUS METALSINVESTMENTS SAwww.legalstream.plLESNERUNO [LES]LEŚNE RUNO SAwww.lesneruno.plLETUS [LET]LETUS CAPITAL SAwww.letuscapitalsa.comLIBERTY [LTG]LIBERTY GROUP SA.www.libertygroup.plLOKATYBUD [LBD]LOKATY BUDOW-LANE SAwww.lokatybudowlane.plLSTECHHOM [LSH]LS TECH HOMES SAwww.lstechhomes.comLUG [LUG]LUG SAwww.lug.com.plLUXIMA [LUX]LUXIMA SAwww.luxima.com.plLZMO [LZM]LZMO SAwww,lzm.plM4B [M4B]M4B SAwww.m4b.plM10 [M10]M10 SAwww.m10sa.plMABION [MAB]MABION SAwww.mabion.euMADKOM [MAD]MADKOM SAwww.madkom.plMAGNIFICO [MGF]MAGNIFICO SAwww.magnifico.com.plMAKOLAB [MLB]MAKOLAB SAwww.makolab.comMAKORA [MRA]MAKORA SAwww.makora.comMALKOWSKI[MMA]MAŁKOWSKI-MARTECH SAwww.malkowski.plMARKA [MRK]MARKA SAwww.markasa.plMARSOFT [MAR]MARSOFT SAwww.marsoftsa.plMAXIMUS [MAX]MAXIMUS SAwww.maximussa.plMAXIPIZZA [MXP]MAXIPIZZA SAwww.maxipizza.plMBFACTORY [MBF]MOBILE FACTORY SAwww.mobilefactory.plMBPARTNER [MBP]MOBILE PARTNER SAwww.mobilepartner.pl289


Fact Book 2013MDEVELOP [MDE]M DEVELOPMENT SAwww.m-development.plMEDIACAP [MCP]MEDIACAP SAwww.emlab.plMEDIANPOL-PDA[MDNA]MEDIAN POLSKA SAwww.medianpolska.plMEDICALG [MGD]MEDICALGORITH-MICSwww.medicalgorithmics.plMERA [MER]MERA SCHODY SAwww.mera.plMERIT [MEI]MERIT INVEST SAwww.meritinvest.plMEW [MSA]MEW SAwww.mewsa.plMGAMES [MGS]MACRO GAMES SAwww.macrogames.plMGMSYS [MGM]MGM SAwww.mgm.com.plMILKPOL [MLP]MILKPOL SAwww.milkpol.com.plMINERAL [MND]MINERAL MIDRANGESAwww.mineralmidrange.comMINOX [MNX]MINOX SAwww.minox.com.plMMCPL [MMC]MM CONFERENCESSAwww.mmcpolska.plMOBINI [MOB]MOBINI SAwww.mobini.plMODE [MOE]MODE SAwww.mode360.euMODECOM [MOD]MODECOM SAwww.modecom.plMOMO [MOM]MOMO SAwww.momo.com.plMONDAY [MDV]MONDAY DEVELOP-MENT SAwww.mondaydevelopment.plMONTUHOLD[MTH]MONTU HOLDING SAwww.montu.plMORIZON [MZN]MORIZON SAwww.morizon.plMOSTALWROMOSTOSTALWROCŁAW SAwww.mostostal.wroclaw.plMOTORICUS [MTR]MOTORICUS SAwww.oponix.plMPAY [MPY]MPAY SAwww.mpay.plMPLVERBUM [VER]MPL VERBUM SAwww.verbum.com.plMTC [MTC]MOTOR TRADE COM-PANY SAwww.mtcsa.plMW TENIS SAwww,mwtenis.plNANOTEL [NAN]NANOTEL SAwww.nanotel.plNAVIMORIN [NIN]NAVIMOR-INVEST SAwww.navimorinvest.euNEMEX [NMX]NEMEX SAwww.nemex.plNFPL [NFP]NOWOCZESNAFIRMA SAwww.nf.plNICOGAMES [NGS]NICOLAS GAMES SAwww.nicolasgames.plNOTORIA [NTS]NOTORIA SERWIS SAwww.notoria.plDIGATE [DGT]DIGATE SAwww.digate.plNOVIAN [NVN]NOVIAN SA.www.novian.plNWAI [NWA]NWAI DOM MAKLER-SKI SAwww.nwai.plOEM [OEM]OSTATNIE MIEJSCASAwww.oemsa.plONERAY [ORI]ONERAY INVEST-MENT SAwww.oneray.plONICO [ONC]ONICO SAwww.onico.plOPENNET [OPE]OPEN-NET SAwww.open.net.plOPTIZENLB [OPT]OPTIZEN LABS SAwww.optizenlabs.comORGANIC [ORG]ORGANIC FARMAZDROWIA SAwww.organicmarket.plORIONNV [ORN]ORION INVESTMENTSAwww.orioninvestment.plORPHEE [ORP]ORPHEE SAwww.orphee-medical.comORZLOPONY [ORL]ORZEŁ SAwww.salon-opon.comQUART [QRT]QUART DEVELOP-MENT SAwww.quart.com.plPAKADEMIA [PAK]POLSKA AKADEMIARACHUNKOWOŚCISAwww.par.edu.plPARTEX [PAR]PARTEX SAwww.listwy.comPARTNER [PRN]PARTNER-NIERU-CHOMOSCI SAwww.partnernieruchomosci.com.plPCZ [PCZ]PCZ SAwww.pczsa.plwww.pcz,com.plPFH [PFH]POLSKI FUNDUSZHIPOTECZNY SAwww.pfh.plPGSSOFT [PSW]PGS SOFTWARE SAwww.pgs-soft.comPHARMENA [PHR]PHARMENA SAwww.pharmena.com.plPHOENIX [PHO]PHOENIX ENERGYA.S.www.phoenixnenergy.as290


NewConnectPILAB [PIL]PiLAB SAwww.pilab.plPLANETSOF [PSF]PLANET SOFT SAwww.planetsoft.plPLASMA [PSM]PLASMA SYSTEM SAwww.plasmasystem.plPLATIGE [PLI]PLATIGE IMAGE SAwww.platige.comPLAYMAKER [PMK]PLAYMAKERS SAwww.playmakers.tvPOLMAN [PLM]POLMAN SAwww.polman.plPOLNOCNR [PNR]PÓŁNOCNIERUCHOMOŚCI SAwww.polnoc.plPOLSKIHR [PLHA]POLSKI HOLDINGREKRUTACYJNY SAwww.polskihr.plPOLTRONIC [PTN]POLTRONIC SAwww.poltronic.euPOSITIVE [POS]POSITIVE ADVISORYSAwww.positiveadvisory.plPPG [PPG]PLATINUM PROPER-TIES GROUP SAwww.ppgsa.plPPRICE [PPR]POWER PRICE SAwww.powerpricesa.plPREFABET [PBB]PREFABET-BIAŁEBŁOTA SAwww.prefabet-bb.com.plPREMFOOD [PFR]PREMIUM FOODRESTAURANTS SAwww.sushi77.comPRESTO-PDA[PSTA]PRESTO SAwww.presto-kominy.plPROGRES [PRG]PROGRES INVEST-MENT SAwww.progresinvestment.comPROLOG [PRL]PRO-LOG SAwww.prolog.plPROXYAD [PXY]PROXYAD SAwww.proxyad.plPRYMUS [PRS]PRYMUS SAwww.prymussa.plPSWCAPITA [PCA]PSW CAPITAL SAwww.pswcapital.plwww.pswholding.plRAJDY4X4 [4X4]RAJDY 4X4 SAwww.rajdy 4x4.plRCUNION [RCU]R&C UNION SAwww.rcunion.plREADGENE [RDG]READ-GENE SAwww.read-gene.comREKLAPL [RPL]PSA CAPITAL SAwww.psacapital.comRELIGADEV-PDA[RELA]RELIGA DEVELOP-MENT SAwww.religa.com.plREMEDIS [REM]REMEDIS SAwww.remedis.euREVITUM [REV]REVITUM SA- CEN-TRUM DIAGNOSTYKIORGANIZMUwww.revitum.plRICHTER [RMS]RICHTER MED SAwww.richtermed.plROBINSON [RBS]ROBINSON EUROPESAwww.robinson.plROCCA [RCA]ROCCA SAwww.rocca.plRODAN [ROD]RODAN SYSTEMS SAwww.rodan.plROTOPINO [ROT]ROTOPINO.PL SAwww.marketo.comROVITA [ROV]ROVITA SAwww.rovita.com.plRSY [RSY]RSY SAwww.rsy.ilawa.plRUCHCHORZ[RCW]RUCH CHORZÓW SAwww.ruchchorzow.com.plRUNICOM [RUN]RUNICOM SAwww.runicom.plS4E [S4E]S4E SAwww.s4e.plSAKANA [SKN]SAKANA SAwww.sakana.plSARE [SAR]SARE SAwww.saresa.plSCANMEDMM[SCM]SCANMED MULTIME-DIS SAwww.multidedis.plSCOPAK [SCO]SCO-PAK SAwww.scopak.com.plSEKA [SEA]SEKA SAwww.seka.plSELVITA [SLV]SELVITA SAwww.selvita.plSEVENET [SEV]SEVENET SAwww.sevenet.plSFD [SFD]SFD SAwww.sfdsa.plSFKPOLKAP [SFK]SKOCZOWSKA FAB-RYKA KAPELUSZYPOLKAP SAwww.polkap.plSILVACG [SCG]SILVA CAPITALGROUP SAwww.mwtenis.plSITE [STE]SITE SAwww.site.plSLR [SLR]SOCIALIZER SAwww.socializer.plSMOKESHOP[SMKA]SMOKE SHOP SAwww.smoke.plSMSKREDYT [SMS]SMS KREDYT HOLD-ING SAwww.smsholding.plSMT [SMT]SMT SOFTWARE SAwww.smtsoftware.comSOBET [SOB]SOBET SAwww.sobet.plSPC [SPC]SUPER PREMIUMCARS SAwww.spcsa.pl291


Fact Book 2013SSI [SSI]SECURITY SYSTEMINTEGRATION SAwww.ssisa.plSTANUSCH [STT]STANUSCH TECH-NOLOGIES SAwww.stanusch.comSTARFIT-PDA [SFIA]STAR FITNESS SAwww.star-fitness.plSTARKDEV [STR]STARK DEVELOP-MENT SAwww.starkdev.plSTEMCELLS [SCS]STEM CELLS SPIN SAwww.stemcellsspin.com.plSTERGAMES [SGM]STERGAMES SAwww.stergames.comSTIGROUP [STI]STI GROUP SAwww.stigroup.plSTOPKLA [STK]STOPKLATKA SAwww.stopklatka-sa.plSUNEX [SNX]SUNEX SAwww.sunex.plSUNTECH [SUN]SUNTECH SAwww.suntech.plSURFLAND [SSK]SURFLAND SYS-TEMY KOMPUTER-OWESAwww.ssk.com.plSWISSPSM [SWP]SWISSMED PRYWAT-NY SERWIS MEDYC-ZNY SAwww.swissmedpsm.plSYMBIO [SYM]SYMBIO POLSKA SAwww.symbio.plSYNEKTIK [SNT]SYNEKTIK SAwww.synektik.com.plSYNKRET [SYN]SYNKRET SAwww.synkret.plSZAR [SZR]SZAR SAwww.szar.plT2INVEST [T2I]T2 INVESTMENT SAwww.t2investment.plTABLEO [TAB]TABLEO SAwww.tableo.plTAMEX [TOS]TAMEX OBIEKTYSPOPRTOWE SAwww.tamex.com.plTAXNET [TXN]TEX-NET SAwww.tex-net.plTAXUSFUND [TXF]TAXUS FUND SAwww.taxusfund.plTECHMADEX [TDX]TECHMADEX SAwww.techmadex.comTELEMEDPL [TMP]TELEMEDYCYNAPOLSKA SAwww.telemedycynapolska.plTELESTO [TLO]TELESTO SAwww.telestosa.plTELESTR [TLS]TELESTRADA SAwww.telestrada.plTELIANI [TLVA]TELIANI VALLEYPOLSKA SAwww.telianivalley.plTERMOEXP [TME]TERMOEXPERT SAwww.termoexpert.com.plTERMOREX [TRR]TERMO-REX SAwww.termo-rex.plTERRA [TRA]TERRA SAwww.dom-produkcyjny-terra.plTILIA [TIL]TILIA SAwww.tilia.com.plTPH _ PDA [TPH]TELE-POLSKA HOLD-ING SAwww.tphsa.plTRICEPS [TRC]TRICPES.PL SAwww.hurt.triceps.plTROMEDIA [TRO]TRO MEDIA SAwww.tro.plTWIGONET [TWI]TWIGONET EUROPESAwww.twigonet.comUBOATLINE [UBT]UBOAT-LINE SAwww.uboat.plUNIMOTGAZUNIMOT GAZ SAwww.unimotgaz.plUNITED [UTD]UNITED SAwww.unitedsa.plURLOPYPL [URL]URLOPY.PLwww.urlopy.plVCP [VCP]VENTURE CAPITALPOLAND SAwww.vcpoland.plVEDIA [VED]VEDIA SAwww.vedia.plVELTO [VEL]VELTO SAwww.velto.plVENITI [VNT]VENITI SAwww.veniti.plVENO [VEN]VENO SAwww.veno-sa.plVENTUREIN [VTI]VENTURE INCUBA-TOR SAwww.ventureincubator.plVENTURION [VIF]VENTURION INVEST-MENT FUND SAwww.vifsa.plVERBICOM [VRB]VERBICOM SAwww.verbicom.plVGROUP [VGS]V GROUP SAwww.v-group.plVIAGUARA [VGR]VIAGUARA SAwww.viaguara.comVIDIS [VDS]VIDIS SAwww.vidis.plVISION [VIV]VIRTUAL VISION SAwww.virtualvision.plVIVID [VVD]VIVID SAwww.vivid.plWAKEPARK [WPK]WAKEPARK SAwww.wakeparkwroclaw.plWASPOL [WAP]WASPOL SAwww.waspol.info.plWBAY [WBY]WEALTH BAY SAwww.wealthbay.plWDBBU [WDB]WDB BROKERZYUBEZPIECZENIOWISAwww.wdbsa.pl292


NewConnectWDMSA [WDM]WROCŁAWSKI DOMMAKLERSKI SAwww.wdmsa.plWEEDO-PDA[WDOA]WEEDO SAwww.weedosa.plWERTHHOLZ[WHH]WERTH-HOLZ SAwww.werth-holz.plWESTREAL [WRE]WEST REAL ESTATESAwww.westrealestate.plWEGLOPEX [WPX]WĘGLOPEX HOLD-ING SAwww.pinotcaro.comWIDOKEN [WDK]WIDOK ENERGIA SAwww.widokenergia.plWIERZYCL [WRL]WIERZYCIEL SAwww.wierzycielsa.plWINDMOBIL[WMO]WIND MOBILE SAwww.windmobile.plWODKAN [WOD]WODKAN PRZEDSIE-BIORSTWO WODO-CIAGÓWI KANALIZACJI SAwww.wodkan.com.plXPLUS [XPL]XPLUS SAwww.xplus.plXSYSTEM [XSM]XSYSTEM SAwww.xsystem.plYELLOWHAT [YEL]YELLOW HAT SAwww.yellowhat.plYOURIMAGE [YOU]YOUR IMAGE SAwww.yourimage.plYURECO [YCO]YURECO SAwww.rdi.plZOC [ZOC]ZOO CENTRUM SAwww.zoo-centrum.plZWG [ZWG]ZWG SAwww.zwg.com.pl293


CATALYSTInformation about CATALYSTThe WSE debt instrument market calledCATALYST was launched on 30 September2009. This is the first organised debt instrumentsmarket in Poland. It is maintained ontransaction platforms owned by the WarsawStock Exchange (regulated market andATS) and BondSpot (also regulated marketand ATS). Catalyst is designed for tradingin municipal and corporate bonds, as wellas mortgage bonds and other debt instruments.Within Catalyst, retail Treasury bondsare also traded on the regulated market.Catalyst was designed as a platform to facilitatefinancing for local government unitsand enterprises and to enable investmentsin such instruments on an efficient, safe andtransparent public market. With its architecture,Catalyst can serve the needs of differentinvestor groups: wholesale and retailinvestors, as well as institutional and individualinvestors.Legal foundations of CatalystThe key regulations which determine the legalfoundations for Catalyst operations aregiven below:• The Act on Bonds,• The Act on Mortgage Bonds andMortgage Banks,• The Act on Public Offering, ConditionsGoverning the Introduction of FinancialInstruments to Organised Trading, andon Public Companies,• The Act on Trading in Financial Instruments.Catalyst Operating Rules define its mainrules of operation, including authorisationof debt instruments, admission of debt instrumentsto trading in all market segments,participation in trading, issuers’ mandatorydisclosures etc. Specific regulations concerningthe trading in debt instruments onCatalyst are defined in:• WSE Rules,• Specific Rules of Exchange Trading,• Rules of Non-exchange RegulatedTrading,• Specific Rules of Non-exchange RegulatedTrading,• Rules of the Alternative Trading Systemoperated by the WSE,• Rules of the Alternative Trading Systemoperated by BondSpot.All of the currently applicable legal documentsrelating to Catalyst can be found onits website (www.wsecatalyst.pl).297


Fact Book 20132012 on CatalystEstablished three years earlier as a debtinstrument market, Catalyst recorded significantlygrowth in 2012. Together with theState Treasury, the total number of issuerson Catalyst reached 156 at the end of 2012(100 at the end of 2011). Issuers included 12local governments, 121 enterprises and 22co-operative banks.At the end of 2012, a total of 325 series ofnon-treasury debt instruments were listed,and 23 additional series were authorised.The average turnover per session nearly doubled,reaching PLN 4.5 million.At the end of 2012, the total nominal valueof all debt instruments (treasury and non--treasury) listed on Catalyst reached PLN567.3 billion versus PLN 531.6 billion in2011. The nominal value of non-treasurydebt instruments listed on that market at theend of 2012 totalled PLN 52.3 billion, whichrepresented 30.9% growth since the end of2011.298


CATALYSTDebt instruments listed on Catalyst in 2012No. ISIN Code Instrument Issuer Market / ¹Corporate bonds1 PLNFI0600028 06N0213 NFI MAGNA POLONIA WSE ATS BS ATS2 PLADMBT00021 ADM1212 ADMIRAL BOATS WSE ATS3 PLAOWFK00027 AOW0214 AOW FAKTORING WSE ATS BS ATS4 PLAOWFK00019 AOW0512 AOW FAKTORING WSE ATS BS ATS5 PLARCHM00016 ARH0713 ARCHICOM WSE ATS BS ATS6 PLNFI1200091 BBD0213 BBI DEVELOPMENT WSE ATS BS ATS7 PLNFI1200109 BBD0214 BBI DEVELOPMENT WSE ATS BS ATS8 PLNFI1200117 BBI0214 BBI DEVELOPMENT WSE ATS BS ATS9 PLNFI1000079 BBZ0312 BBI ZENERIS WSE ATS BS ATS10 PLNFI1000087 BBZ0712 BBI ZENERIS WSE ATS BS ATS11 PL0000500039 BGK0213 Bank Gospodarstwa Krajowego BS ATS12 PL0000500047 BGK0215 Bank Gospodarstwa Krajowego BS ATS13 PL0000500054 BGK0514 Bank Gospodarstwa Krajowego BS ATS14 PL0000500088 BGK1016 Bank Gospodarstwa Krajowego BS ATS15 PLBDSTL00041 BL50313 BUDOSTAL-5 WSE ATS16 PLBDSTL00033 BL50612 BUDOSTAL-5 WSE ATS17 PLBDSTL00058 BL50613 BUDOSTAL-5 WSE ATS18 PLBDSTL00074 BL50913 BUDOSTAL-5 WSE ATS19 PLNFI0400056 BLI1213 BLACK LION NFI WSE ATS BS ATS20 PLBOS0000050 BOB1213 BANK OCHRONY ŚRODOWISKA BS ATS21 PLBOS0000068 BOC1213 BANK OCHRONY ŚRODOWISKA BS ATS22 PLBOS0000076 BOD0521 BANK OCHRONY ŚRODOWISKA BS ATS23 PLBOS0000084 BOE1014 BANK OCHRONY ŚRODOWISKA WSE ATS BS ATS24 PLBOS0000092 BOF1014 BANK OCHRONY ŚRODOWISKA WSE ATS BS ATS25 PLBPCZT00015 BPO0721 BANK POCZTOWY WSE ATS26 PLBSTII00012 BS20613 BEST II NS FIZ WSE ATS BS ATS27 PLBSTII00020 BS20614 BEST II NS FIZ WSE ATS BS ATS28 PLBSTNS00011 BS30212 BEST III NS FIZ WSE ATS BS ATS29 PLBSTNS00060 BS30214 BEST III NS FIZ WSE ATS BS ATS30 PLBSTNS00037 BS30513 BEST III NS FIZ WSE ATS BS ATS31 PLBSTNS00078 BS30514 BEST III NS FIZ WSE ATS BS ATS32 PLBSTNS00045 BS30813 BEST III NS FIZ WSE ATS BS ATS33 PLBSTNS00029 BS31112 BEST III NS FIZ WSE ATS BS ATS34 PLBSTNS00052 BS31113 BEST III NS FIZ WSE ATS BS ATS299


Fact Book 2013Debt instruments listed on Catalyst in 2012 (contd.)No. ISIN Code Instrument Issuer Market / ¹35 PLBEST000051 BST0512 BEST WSE ATS BS ATS36 PLBEST000077 BST0513 BEST WSE ATS BS ATS37 PLBEST000093 BST0514 BEST WSE ATS BS ATS38 PLBEST000069 BST1112 BEST WSE ATS BS ATS39 PLBEST000085 BST1113 BEST WSE ATS BS ATS40 PLCDRL000019 CDL1014 CDRL WSE ATS41 PLEFH0000014 EFHOHA EUROPEJSKI FUNDUSZ HIPOTECZNY BS RM42 PL0000400099 EIB0526 EUROPEJSKI BANK INWESTYCYJNY WSE RM43 PL0000400024 EIB0617 EUROPEJSKI BANK INWESTYCYJNY WSE RM44 PLELECT00047 ELC0413 ELECTUS WSE ATS45 PLERBUD00046 ERB0714 ERBUD BS ATS46 PLFSTFC00020 FFI0113 FAST FINANCE WSE ATS47 PLFERRO00040 FRO0416 FERRO WSE ATS BS ATS48 PLFRRTM00018 FRR0514 FERRATUM CAPITAL POLAND WSE ATS49 PLGHLMC00016 GHE0714 GHELAMCO INVEST BS ATS50 PLGHLMC00024 GHI0714 GHELAMCO INVEST BS ATS51 PLNOBLE00033 GNB0618 GETIN NOBLE BANK BS ATS52 PLNOBLE00041 GNB0817 GETIN NOBLE BANK BS ATS53 PLNOBLE00058 GNB0917 GETIN NOBLE BANK BS ATS54 PLNOBLE00074 GNB1017 GETIN NOBLE BANK BS ATS55 PLGANT000196 GND0312 GANT DEVELOPMENT WSE ATS BS ATS56 PLGANT000204 GND0513 GANT DEVELOPMENT WSE ATS BS ATS57 PLGANT000212 GND0612 GANT DEVELOPMENT WSE ATS BS ATS58 PLNOBLE00066 GNO0917 GETIN NOBLE BANK BS ATS59 PLGANT000139 GNT0312 GANT DEVELOPMENT WSE ATS BS ATS60 PLGANT000170 GNT0313 GANT DEVELOPMENT WSE ATS BS ATS61 PLGANT000147 GNT0513 GANT DEVELOPMENT WSE ATS62 PLGANT000154 GNT0612 GANT DEVELOPMENT WSE ATS BS ATS63 PLGANT000220 GNT0813 GANT DEVELOPMENT WSE ATS BS ATS64 PLGANT000162 GNT0912 GANT DEVELOPMENT WSE ATS BS ATS65 PLGANT000238 GNT1013 GANT DEVELOPMENT WSE ATS BS ATS66 PLGANT000188 GNT1212 GANT DEVELOPMENT WSE ATS67 PL0000500021 IDS1018 Bank Gospodarstwa Krajowego WSE RM BS RM68 PL0000500070 IDS1022 Bank Gospodarstwa Krajowego WSE RM BS RM69 PLIIF0000013 IIF0912 IIF WSE ATS300


CATALYSTDebt instruments listed on Catalyst in 2012 (contd.)No. ISIN Code Instrument Issuer Market / ¹70 PLIPFIP00025 IPF0615 IPF INVESTMENTS POLSKA BS ATS71 PL0000500013 IPS1014 Bank Gospodarstwa Krajowego WSE RM BS RM72 PL0000500062 IWS0645 Bank Gospodarstwa Krajowego WSE RM BS RM73 PLKRINK00063 KRI0414 KREDYT INKASO BS ATS74 PLKRINK00071 KRI0416 KREDYT INKASO BS ATS75 PLKRK0000085 KRU0115 KRUK WSE ATS76 PLKRK0000069 KRU0514 KRUK WSE ATS77 PLKRK0000093 KRU0712 KRUK WSE ATS78 PLKRK0000101 KRU0713 KRUK WSE ATS79 PLKRK0000077 KRU1114 KRUK WSE ATS80 PLLCCRP00033 LCC0414 LC CORP BS ATS81 PLMOBRK00039 MBR0814 MO-BRUK WSE ATS BS ATS82 PLMCIMG00137 MCI0314 MCI MANAGEMENT WSE ATS BS ATS83 PLMCIMG00129 MCI0613 MCI MANAGEMENT WSE ATS BS ATS84 PLMCIMG00111 MCI0912 MCI MANAGEMENT WSE ATS BS ATS85 PLMERA000027 MER0412 MERA S.A. WSE ATS86 PLMERA000035 MER0614 MERA S.A. WSE ATS87 PLMKDOM00010 MKD0713 MAK DOM WSE ATS BS ATS88 PLMLMDP00049 MMP0416 MULTIMEDIA POLSKA BS ATS89 PLMLMDP00031 MMP1115 MULTIMEDIA POLSKA BS ATS90 PLMEWSA00027 MSA0613 MEW WSE ATS BS ATS91 PLMEWSA00035 MSA1013 MEW WSE ATS92 PLMRVPL00057 MVF1213 MARVIPOL WSE ATS BS ATS93 PLMRVPL00065 MVG1213 MARVIPOL WSE ATS BS ATS94 PLMRVPL00073 MVP0114 MARVIPOL WSE ATS BS ATS95 PLMRVPL00081 MVP0415 MARVIPOL WSE ATS BS ATS96 PLMRVPL00024 MVP0613 MARVIPOL WSE ATS BS ATS97 PLMRVPL00032 MVP0813 MARVIPOL WSE ATS BS ATS98 PLNAVIG00015 NAV0213 NAVI GROUP WSE ATS99 PLNAVIG00023 NAV0812 NAVI GROUP WSE ATS100 PLNAVIG00031 NAV0912 NAVI GROUP WSE ATS101 PLNAVIG00049 NAV1212 NAVI GROUP WSE ATS102 PLMZCOR00019 ORK0312 ORGANIKA WSE ATS BS ATS103 PLMZCOR00027 ORK0712 ORGANIKA WSE ATS BS ATS104 PLORZL000068 ORL0412 ORZEŁ WSE ATS BS ATS301


Fact Book 2013Debt instruments listed on Catalyst in 2012 (contd.)No. ISIN Code Instrument Issuer Market / ¹105 PLORZL000100 ORL0814 ORZEŁ WSE ATS BS ATS106 PLOSHEE00018 OSH1012 OSHEE POLSKA WSE ATS107 PLPRMCM00014 PCM0312 PRIME CAR MANAGEMENT WSE ATS BS ATS108 PLPRMCM00022 PCM0314 PRIME CAR MANAGEMENT WSE ATS BS ATS109 PLPCCRK00019 PCR0613 PCC ROKITA WSE RM110 PLPCZ0000019 PCZ0514 PCZ WSE ATS111 XS0545031642 PKO1015 PKO Finance AB WSE ATS BS ATS112 PLPLKMT00015 PLK0915 POLKOMTEL FINANCE AB (PUBL) BS ATS113 PLGFPRE00057 PRF0413 Pragma Faktoring WSE ATS114 PLPRGNK00033 PRI0912 PRAGMA INKASO WSE ATS115 PLPRGNK00041 PRI1212 PRAGMA INKASO WSE ATS116 PLPSPRT00018 PSG0512 POLSPORT GROUP WSE ATS117 PLNFI0500038 RBC0413 RUBICON PARTNERS NFI WSE ATS BS ATS118 PLNFI0500046 RBC0912 RUBICON PARTNERS NFI WSE ATS BS ATS119 PLREMDS00062 REM0112 REMEDIS A120 PLREMDS00096 REM0612 REMEDIS A121 PLREMDS00013 REM0712 REMEDIS A122 PLREMDS00104 REM0712BK1 REMEDIS A123 PLRNSER00011 RNA0414 RONSON EUROPE BS ATS124 PLRNSER00029 RNB0414 RONSON EUROPE BS ATS125 PLRNKPR00030 RNK1213 RANK PROGRESS WSE ATS BS ATS126 PLROBYG00073 ROB0415 ROBYG WSE ATS BS ATS127 PLROBYG00040 ROB1013 ROBYG WSE ATS BS ATS128 PLROBYG00057 ROB1113 ROBYG WSE ATS BS ATS129 PLROBYG00065 ROB1213 ROBYG WSE ATS BS ATS130 PLRDNST00035 ROD0813 RODAN SYSTEMS WSE ATS131 PLSCOPK00038 SCO0713 SCO-PAK WSE ATS132 PLSCOPK00046 SCO0813 SCO-PAK WSE ATS133 PLSCNDV00017 SDV0314 SCAN DEVELOPMENT WSE ATS BS ATS134 PLMILOP00028 SIO1213 SIÓDEMKA BS ATS135 PLSOLVC00018 SOL0412 SOLVECO WSE ATS136 PLTRKPL00048 TRK1213 TRAKCJA - TILTRA POLSKA WSE ATS137 PLTRUST00010 TRU0614 TRUST WSE ATS BS ATS138 PLVEDIA00037 VED0613 VEDIA WSE ATS139 PLWDKEN00042 WDK0112 WIDOK ENERGIA SP Z O. O. WSE ATS302


CATALYSTDebt instruments listed on Catalyst in 2012 (contd.)No. ISIN Code Instrument Issuer Market / ¹140 PLWDKEN00059 WDK0512 WIDOK ENERGIA SP Z O. O. WSE ATS141 PLWDENG00024 WDK0712 WIDOK ENERGIA SA WSE ATS142 PLELPO000099 WIK0713 WIKANA S.A. BS ATS143 AT0000A0PCA4 WXF0514 Warimpex Finanz- und Beteiligungs AG BS ATS144 PLZPS0000015 ZPS1212 ZPS KRZĘTLE WSE ATSCo-operative bonds1 PLBBSDR00012 BBS1225 BS-BBS DARŁOWO WSE ATS2 PLBSPOM00010 BOM0221 BS OSTRÓW MAZOWIECKA WSE ATS3 PLBSPLS00013 BPL0421 BS PŁOŃSK WSE ATS4 PLBPS0000032 BPS0718 BPS WARSZAWA WSE ATS BS ATS5 PLBPS0000024 BPS0720 BPS WARSZAWA WSE ATS6 PLBSPT000017 BPT0620 BS-HEXABANK WSE ATS7 PLBSBR000023 BRB0425 BS BIAŁA RAWSKA WSE ATS8 PLPBSC000016 BSC0620 BS-PBS CIECHANÓW WSE ATS9 PLPBSC000024 BSC0621 BS-PBS CIECHANÓW WSE ATS10 PLBSLIM00011 BSL0521 BS LIMANOWA WSE ATS11 PLBSPIA00017 BSP0620 BS PIASECZNO WSE ATS12 PLBSSKR00011 BSS0418 BS SKIERNIEWICE WSE ATS13 PLSBRIR00017 BSW0721 BS - SK BANK WOŁOMIN WSE ATS14 PLESBSR00014 ESB0725 BS-ESBANK WSE ATS15 PLGBSBR00015 GBS0621 BS-GBS BANK BARLINEK WSE ATS16 PLMBSLM00013 MBS0720 BS-MBS ŁOMIANKI WSE ATS17 PLOKBS000017 OKB0520 BS-OK BANK KNURÓW WSE ATS18 PLPBS0000016 PBS0720 BS-PBS SANOK WSE ATS19 PLPBS0000024 PBS1021 BS-PBS SANOK WSE ATS20 PLPMBSZ00016 PMS0624 BS-PMBS ZABŁUDÓW WSE ATS21 PLKRBSP00017 SBK1020 BS-KBS KRAKÓW WSE ATS22 PLSBRS000016 SBR0325 BS-SBR SZEPIETOWO WSE ATS23 PLSBRS000024 SBR0725 BS-SBR SZEPIETOWO WSE ATS24 PLWAWBS00014 WBS0521 BS-WBS BANK WARSZAWA WSE ATSMunicipal bonds1 PL0012200016 BRZ1016 BRZESKO WSE ATS2 PL0015200013 CHE0614 CHEŁM A303


Fact Book 2013Debt instruments listed on Catalyst in 2012 (contd.)No. ISIN Code Instrument Issuer Market / ¹3 PL0015200021 CHE0714 CHEŁM A4 PL0015200039 CHE0814 CHEŁM A5 PL0016200012 JAR1213A POWIAT JAROSŁAWSKI A6 PL0016200020 JAR1213B POWIAT JAROSŁAWSKI A7 PL0016200038 JAR1213C POWIAT JAROSŁAWSKI A8 PL0016200046 JAR1214D POWIAT JAROSŁAWSKI A9 PL0016200053 JAR1214E POWIAT JAROSŁAWSKI A10 PL0016200061 JAR1214F POWIAT JAROSŁAWSKI A11 PL0013200015 KON0715 KONOPISKA WSE ATS12 PL0013200023 KON0916 KONOPISKA WSE ATS13 PL0005200023 KRN1212 KÓRNIK WSE ATS14 PL0014200022 OSW0914 OŚWIĘCIM A15 PL0006200014 PLZ0915 POŁCZYN ZDRÓJ WSE ATS16 PL0006200022 PLZ0916 POŁCZYN ZDRÓJ WSE ATS17 PL0006200030 PLZ0917 POŁCZYN ZDRÓJ WSE ATS18 PL0009200029 RAD0912 RADLIN WSE RM19 PL0001200035 RYB1117 RYBNIK BS RM20 PL0001200019 RYB1213 RYBNIK BS RM21 PL0001200027 RYB1214 RYBNIK BS RM22 PL0008200053 TCZ0817 TCZEW WSE ATS23 PL0008200012 TCZ0913 TCZEW A24 PL0008200020 TCZ0914 TCZEW A25 PL0008200038 TCZ0915 TCZEW A26 PL0008200046 TCZ0916 TCZEW A27 PL0004200016 TUR0916 TUREK A28 PL0011200025 USM0212 USTRONIE MORSKIE WSE ATS29 PL0011200033 USM0213 USTRONIE MORSKIE WSE ATS30 PL0011200041 USM0314 USTRONIE MORSKIE WSE ATS31 PL0011200058 USM0315 USTRONIE MORSKIE WSE ATS32 PL0003200074 WAW0318 WARSZAWA WSE RM BS RM33 PL0003200066 WAW0321 WARSZAWA WSE RM BS RM34 PL0003200025 WAW0922 WARSZAWA WSE RM BS RM35 PL0003200041 WAW1017 WARSZAWA WSE RM BS RM36 PL0003200017 WAW1019 WARSZAWA WSE RM BS RM37 PL0011300015 WSL0313 WODZISLAW SLASKI WSE ATS38 PL0011300023 WSL0314 WODZISLAW SLASKI WSE ATS304


CATALYSTDebt instruments listed on Catalyst in 2012 (contd.)No. ISIN Code Instrument Issuer Market / ¹39 PL0007200013 ZAB0614 ZĄBKI A40 PL0007200021 ZAB0715 ZĄBKI A41 PL0007200039 ZAB0916 ZĄBKI A42 PL0010200026 ZAM1212 ZAMOŚĆ WSE ATSTreasury bonds1 PL0000102836 DS1013 STATE TREASURY WSE RM BS RM2 PL0000103602 DS1015 STATE TREASURY WSE RM BS RM3 PL0000104543 DS1017 STATE TREASURY WSE RM BS RM4 PL0000105441 DS1019 STATE TREASURY WSE RM BS RM5 PL0000106126 DS1020 STATE TREASURY WSE RM BS RM6 PL0000106670 DS1021 STATE TREASURY WSE RM BS RM7 PL0000103529 IZ0816 STATE TREASURY WSE RM BS RM8 PL0000105359 IZ0823 STATE TREASURY WSE RM BS RM9 PL0000105730 OK0112 STATE TREASURY WSE RM BS RM10 PL0000106324 OK0113 STATE TREASURY WSE RM BS RM11 PL0000106712 OK0114 STATE TREASURY WSE RM BS RM12 PL0000105912 OK0712 STATE TREASURY WSE RM BS RM13 PL0000106563 OK0713 STATE TREASURY WSE RM BS RM14 PL0000106100 OK1012 STATE TREASURY WSE RM BS RM15 PL0000104659 PS0412 STATE TREASURY WSE RM BS RM16 PL0000105037 PS0413 STATE TREASURY WSE RM BS RM17 PL0000105433 PS0414 STATE TREASURY WSE RM BS RM18 PL0000105953 PS0415 STATE TREASURY WSE RM BS RM19 PL0000106340 PS0416 STATE TREASURY WSE RM BS RM20 PL0000106795 PS1016 STATE TREASURY WSE RM BS RM21 PL0000105565 TZ0212 STATE TREASURY WSE RM BS RM22 PL0000105995 TZ0213 STATE TREASURY WSE RM BS RM23 PL0000106449 TZ0214 STATE TREASURY WSE RM BS RM24 PL0000105664 TZ0512 STATE TREASURY WSE RM BS RM25 PL0000106118 TZ0513 STATE TREASURY WSE RM BS RM26 PL0000106555 TZ0514 STATE TREASURY WSE RM BS RM27 PL0000105771 TZ0812 STATE TREASURY WSE RM BS RM28 PL0000106225 TZ0813 STATE TREASURY WSE RM BS RM29 PL0000106662 TZ0814 STATE TREASURY WSE RM BS RM30 PL0000105904 TZ1112 STATE TREASURY WSE RM BS RM305


Fact Book 2013Debt instruments listed on Catalyst in 2012 (contd.)No. ISIN Code Instrument Issuer Market / ¹31 PL0000106332 TZ1113 STATE TREASURY WSE RM BS RM32 PL0000106787 TZ1114 STATE TREASURY WSE RM BS RM33 PL0000105391 WS0429 STATE TREASURY WSE RM BS RM34 PL0000104857 WS0437 STATE TREASURY WSE RM BS RM35 PL0000102646 WS0922 STATE TREASURY WSE RM BS RM36 PL0000106480 WZ0115 STATE TREASURY WSE RM BS RM37 PL0000104717 WZ0118 STATE TREASURY WSE RM BS RM38 PL0000106068 WZ0121 STATE TREASURY WSE RM BS RMMortgage bonds1 PLBPHHP00010 BPHLZ01 PEKAO BANK HIPOTECZNY BS RM2 PLBPHHP00044 BPHLZ04 PEKAO BANK HIPOTECZNY BS RM3 PLRHNHP00151 BREHA08 BRE BANK HIPOTECZNY WSE RM BS RM4 PLRHNHP00169 BREHA09 BRE BANK HIPOTECZNY WSE RM BS RM5 PLRHNHP00177 BREHA10 BRE BANK HIPOTECZNY WSE RM BS RM6 PLRHNHP00185 BREHA11 BRE BANK HIPOTECZNY WSE RM BS RM7 PLRHNHP00193 BREHA12 BRE BANK HIPOTECZNY WSE RM BS RM8 PLRHNHP00219 BREHA13 BRE BANK HIPOTECZNY WSE RM BS RM9 PLRHNHP00227 BREHA14 BRE BANK HIPOTECZNY WSE RM BS RM10 PLRHNHP00235 BREHA15 BRE BANK HIPOTECZNY WSE RM BS RM11 PLRHNHP00243 BREHA16 BRE BANK HIPOTECZNY WSE RM BS RM12 PLRHNHP00250 BREHA17 BRE BANK HIPOTECZNY WSE RM BS RM13 PLRHNHP00144 BREHPA7 BRE BANK HIPOTECZNY BS RM14 PLBPHHP00069 PEK0321 PEKAO BANK HIPOTECZNY BS RM15 PLBPHHP00051 PEK1020 PEKAO BANK HIPOTECZNY BS RM16 PLBPHHP00077 PEOH203 PEKAO BANK HIPOTECZNY WSE RM BS RMPublic mortgage bonds1 PLRHNHP00201 BREPA05 BRE BANK HIPOTECZNY WSE RM BS RM2 PLRHNHP00045 BREPUA1 BRE BANK HIPOTECZNY BS RM3 PLRHNHP00052 BREPUA2 BRE BANK HIPOTECZNY BS RM4 PLRHNHP00110 BREPUA4 BRE BANK HIPOTECZNY BS RM/¹ WSE RM – WSE Regulated Market, WSE ATS – WSE Alternative Trading System, BS RM – BondSpotRegulated Market, BS ATS – BondSpot Alternative Trading System, A – authorised (not traded).306


CATALYSTValue of issues listed on Catalyst in 2012No. ISIN Code Instrument Redemptiondate(yyyy.mm.dd)Type of interestrateCurrency Interest rateNominal Value of totalprice issue (PLNmillion)Corporate bonds1 PLNFI0600028 06N0213 2013.02.22 fixed rate PLN 10.00 1 000 6.592 PLADMBT00047 ADM0415 2015.04.16 floating rate PLN 12.10 1 000 5.383 PLADMBT00039 ADM1013 2013.10.19 floating rate PLN 11.83 1 000 3.084 PLADVPL00037 ADV1114 2014.11.16 floating rate PLN 10.54 1 000 4.005 PLAKCFN00039 AFC0314 2014.03.23 fixed rate PLN 11.20 1 000 3.446 PLALIOR00011 ALR0220 2020.02.14 floating rate PLN 9.88 1 000 280.007 PLAOWFK00027 AOW0214 2014.02.28 fixed rate PLN 10.20 100 10.008 PLARGPN00018 ARG0113 2013.01.16 fixed rate PLN 13.80 10 000 0.259 PLARCHM00016 ARH0713 2013.07.22 fixed rate PLN 10.10 1 000 21.3510 PLNFI1200091 BBD0213 2013.02.22 floating rate PLN 10.63 10 000 8.5011 PLNFI1200109 BBD0214 2014.02.21 floating rate PLN 11.13 10 000 26.5012 PLNFI1200125 BBD0215 2015.02.23 floating rate PLN 11.63 10 000 21.4513 PLBBF0000013 BBF0615 2015.06.29 fixed rate PLN 11.00 100 2.6614 PLNFI1200117 BBI0214 2014.02.21 floating rate PLN 11.13 10 000 5.0015 PLNFI1200133 BBI0215 2015.02.23 floating rate PLN 11.63 10 000 13.5516 PLNFI1000103 BBZ0313 2013.03.08 fixed rate PLN 12.65 1 000 15.0017 PLNFI1000111 BBZ0613 2013.06.28 fixed rate PLN 12.00 1 000 6.5818 PLNFI1000095 BBZ1213 2013.12.18 floating rate PLN 11.16 1 000 5.0319 PL0000500039 BGK0213 2013.02.16 floating rate PLN 5.51 1 000 1 000.0020 PL0000500047 BGK0215 2015.02.16 floating rate PLN 5.77 1 000 1 000.0021 PL0000500054 BGK0514 2014.05.11 floating rate PLN 5.13 1 000 1 000.0022 PL0000500088 BGK1016 2016.10.05 floating rate PLN 5.91 1 000 500.0023 PLBDSTL00041 BL50313 2013.03.31 floating rate PLN 11.82 100 2.2624 PLBDSTL00058 BL50613 2013.06.30 floating rate PLN 11.82 100 2.0125 PLBDSTL00074 BL50913 2013.09.30 floating rate PLN 12.32 100 5.0026 PLBOS0000050 BOB1213 2013.12.02 floating rate PLN 5.90 1 000 400.0027 PLBOS0000076 BOD0521 2021.05.18 floating rate PLN 7.48 10 000 100.0028 PLBOS0000084 BOE1014 2014.10.04 floating rate PLN 6.64 1 000 230.0029 PLBOS0000092 BOF1014 2014.10.04 floating rate PLN 6.39 1 000 150.1030 PLBOS0000100 BOG0222 2022.02.28 floating rate PLN 8.23 1 000 100.0031 PLBOS0000118 BOH0215 2015.02.27 floating rate PLN 6.52 1 000 185.00307


Fact Book 2013Value of issues listed on Catalyst in 2012 (contd.)No. ISIN Code Instrument Redemptiondate(yyyy.mm.dd)Type of interestrateCurrency Interest rateNominal Value of totalprice issue (PLNmillion)32 PLBPCZT00023 BPO0714 2014.07.10 floating rate PLN 6.85 10 000 200.0033 PLBPCZT00015 BPO0721 2021.07.08 floating rate PLN 8.90 10 000 47.3434 PLBSTII00012 BS20613 2013.06.22 floating rate PLN 8.85 1 000 28.0035 PLBSTII00020 BS20614 2014.06.22 floating rate PLN 11.05 1 000 30.0036 PLBSTNS00060 BS30214 2014.02.28 floating rate PLN 11.72 1 000 0.0237 PLBSTNS00037 BS30513 2013.05.31 floating rate PLN 10.82 1 000 8.0038 PLBSTNS00078 BS30514 2014.05.31 floating rate PLN 11.92 1 000 8.0039 PLBSTNS00045 BS30813 2013.08.31 floating rate PLN 11.02 1 000 0.0140 PLBSTNS00052 BS31113 2013.11.30 floating rate PLN 11.57 1 000 0.0141 PLBEST000077 BST0513 2013.05.26 floating rate PLN 12.10 1 000 10.0042 PLBEST000093 BST0514 2014.05.26 floating rate PLN 13.10 1 000 10.0043 PLBEST000085 BST1113 2013.11.26 floating rate PLN 12.60 1 000 5.0044 PLBLTXG00028 BTG1113 2013.11.14 fixed rate PLN 12.00 1 000 0.5045 PLCPPRK00011 CAP0715 2015.07.09 floating rate PLN 10.15 100 100.0046 PLCDRL000019 CDL1014 2014.10.07 floating rate PLN 10.44 1 000 9.5847 PLNOVIN00053 DGT0414 2014.04.05 fixed rate PLN 14.00 1 000 0.9548 PLDEKPL00016 DKP0214 2014.02.17 floating rate PLN 11.38 100 12.5049 PLDMINM00016 DMM0914 2014.09.22 floating rate PLN 12.06 1 000 5.2650 PLDMINM00032 DMM1013 2013.10.09 floating rate PLN 11.83 1 000 0.5151 PLDMINM00024 DMM1014 2014.10.30 floating rate PLN 11.88 1 000 0.3752 PLDMDVL00038 DOM0217 2017.02.02 floating rate PLN 8.64 10 000 120.0053 PLDPTRP00010 DTP1114 2014.11.28 floating rate PLN 11.36 1 000 13.4054 PLESTPT00042 EAP0214 2014.02.26 fixed rate PLN 14.00 1 000 0.5255 PLESTPT00034 EAP1213 2013.12.20 fixed rate PLN 14.00 1 000 0.7456 PLECHPS00100 ECH0515 2015.05.18 floating rate PLN 8.14 100 000 115.0057 PLECISC00015 ECI0115 2015.01.27 floating rate PLN 10.03 1 000 20.9858 PLECISC00023 ECS0115 2015.01.27 floating rate PLN 10.03 1 000 24.3259 PLEFH0000014 EFHOHA 2013.12.04 floating rate PLN 7.43 640 10.2460 PL0000400099 EIB0526 2026.05.05 zero-coupon PLN ---- 10 000 215.0061 PL0000400024 EIB0617 2017.06.15 zero-coupon PLN ---- 100 000 275.0062 PLEKGPF00052 EKA0413 2013.04.16 fixed rate PLN 13.00 1 000 3.0063 PLEKGPF00060 EKA0513 2013.05.11 fixed rate PLN 13.00 1 000 1.60308


CATALYSTValue of issues listed on Catalyst in 2012 (contd.)No. ISIN Code Instrument Redemptiondate(yyyy.mm.dd)Type of interestrateCurrency Interest rateNominal Value of totalprice issue (PLNmillion)64 PLEKGPF00045 EKA1213 2013.12.22 fixed rate PLN 15.00 1 000 1.0065 PLEKGPF00078 EKC0513 2013.05.31 fixed rate PLN 13.00 1 000 1.0066 PLEKGPF00086 EKK0513 2013.05.30 fixed rate PLN 13.00 1 000 1.8267 PLELECT00047 ELC0413 2013.04.22 floating rate PLN 10.79 1 000 36.8368 PLENERG00014 ENG1019 2019.10.18 floating rate PLN 6.30 10 000 1 000.0069 PLERBUD00046 ERB0714 2014.07.15 floating rate PLN 8.57 1 000 50.0070 PLFRMGR00023 F510914 2014.09.08 floating rate PLN 13.43 100 1.0871 PLFSTFC00020 FFI0113 2013.01.11 floating rate PLN 11.66 1 000 11.2772 PLFSTFC00038 FFI0315 2015.03.23 floating rate PLN 12.46 1 000 30.0073 PLFERRO00040 FRO0416 2016.04.04 floating rate PLN 10.44 1 000 18.5774 PLFRRTM00018 FRR0514 2014.05.23 floating rate PLN 12.10 1 000 28.0075 PLGCINV00037 GCI0414 2014.04.29 floating rate PLN 11.25 1 000 17.5076 PLGHLMC00032 GHE0415 2015.04.20 floating rate PLN 10.79 100 000 132.5077 PLGHLMC00016 GHE0714 2014.07.21 floating rate PLN 10.15 100 000 150.0078 PLGHLMC00040 GHI0415 2015.04.20 floating rate PLN 10.79 100 000 4.6079 PLGHLMC00024 GHI0714 2014.07.21 floating rate PLN 10.15 100 000 50.0080 PLNOBLE00082 GNB0218 2018.02.23 floating rate PLN 8.88 1 000 241.6481 PLNOBLE00090 GNB0318 2018.03.23 floating rate PLN 8.51 1 000 160.0082 PLNOBLE00108 GNB0418 2018.04.27 floating rate PLN 8.30 1 000 40.0083 PLGETBK00020 GNB0518 2018.05.23 floating rate PLN 8.16 1 000 37.2884 PLNOBLE00033 GNB0618 2018.06.29 floating rate PLN 8.06 100 000 250.0085 PLNOBLE00041 GNB0817 2017.08.10 floating rate PLN 8.61 100 000 35.0086 PLGETBK00046 GNB0819 2019.08.27 floating rate PLN 8.67 1 000 172.0387 PLNOBLE00058 GNB0917 2017.09.01 floating rate PLN 8.53 1 000 50.0088 PLGETBK00111 GNB0919 2019.09.26 floating rate PLN 8.50 1 000 17.9989 PLNOBLE00074 GNB1017 2017.10.17 floating rate PLN 8.27 1 000 45.0090 PLGETBK00129 GNB1019 2019.10.21 floating rate PLN 8.35 1 000 40.0091 PLGANT000204 GND0513 2013.05.06 floating rate PLN 11.25 1 000 10.0092 PLGETBK00038 GNF0618 2018.06.14 floating rate PLN 7.79 1 000 40.0093 PLNOBLE00066 GNO0917 2017.09.20 floating rate PLN 8.43 1 000 20.0094 PLGANT000170 GNT0313 2013.03.29 floating rate PLN 8.95 1 000 26.0095 PLGANT000253 GNT0314 2014.03.27 floating rate PLN 10.45 100 20.80309


Fact Book 2013Value of issues listed on Catalyst in 2012 (contd.)No. ISIN Code Instrument Redemptiondate(yyyy.mm.dd)Type of interestrateCurrency Interest rateNominal Value of totalprice issue (PLNmillion)96 PLGANT000147 GNT0513 2013.05.27 floating rate PLN 9.07 1 000 1.1097 PLGANT000246 GNT0613 2013.06.19 floating rate PLN 10.83 1 000 21.0098 PLGANT000220 GNT0813 2013.08.19 floating rate PLN 10.90 1 000 10.0099 PLGANT000261 GNT0814 2014.08.28 fixed rate PLN 11.00 1 000 21.93100 PLGANT000238 GNT1013 2013.10.25 floating rate PLN 9.50 100 25.00101 PLGPFCS00067 GPF0214 2014.02.23 fixed rate PLN 15.00 1 000 0.42102 PLGPW0000033 GPW0117 2017.01.02 floating rate PLN 6.31 100 245.00103 PLHGNKA00093 HGN0713 2013.07.31 floating rate PLN 12.15 1 000 2.39104 PLCNTZP00044 IDE0315 2015.03.02 floating rate PLN 11.12 100 15.00105 PL0000500021 IDS1018 2018.10.24 fixed rate PLN 6.25 1 000 11 652.50106 PL0000500070 IDS1022 2022.10.25 fixed rate PLN 5.75 1 000 5 250.00107 PLIIF0000021 IIF0114 2014.01.29 floating rate PLN 11.95 1 000 5.29108 PLINDOS00019 INS1214 2014.12.08 floating rate PLN 10.37 1 000 8.00109 PLECMNG00068 INV0615 2015.06.18 floating rate PLN 11.26 1 000 3.87110 PLIPFIP00025 IPF0615 2015.06.30 floating rate PLN 12.44 100 000 200.00111 PL0000500013 IPS1014 2014.10.24 fixed rate PLN 5.75 1 000 6 893.00112 PL0000500062 IWS0645 2045.06.25 fixed rate PLN 6.00 1 000 1 000.00113 PLJDNKA00013 JED0415 2015.04.04 floating rate PLN 10.69 100 9.00114 PLZPMHK00010 KAN0913 2013.09.27 floating rate PLN 10.51 1 000 15.00115 PLZPMHK00028 KAN1113 2013.11.07 floating rate PLN 11.05 1 000 5.00116 PLZPMHK00036 KAN1214 2014.12.04 floating rate PLN 10.67 1 000 17.78117 PLHOOP000069 KFL1213 2013.12.21 floating rate PLN 7.86 1 000 3.08118 PLHOOP000077 KFL1214 2014.12.21 floating rate PLN 8.56 1 000 45.93119 PLKLON000036 KLN1115 2015.11.18 floating rate PLN 10.14 100 4.00120 PLKRINK00113 KR20116 2016.01.02 floating rate PLN 10.54 1 000 5.00121 PLKRINK00105 KRI0116 2016.01.02 floating rate PLN 10.64 1 000 35.00122 PLKRINK00063 KRI0414 2014.04.04 floating rate PLN 9.94 1 000 60.00123 PLKRINK00071 KRI0416 2016.04.04 floating rate PLN 10.94 1 000 15.00124 PLKRINK00089 KRI0615 2015.06.08 floating rate PLN 9.34 1 000 69.00125 PLKRINK00121 KRI0916 2016.09.05 floating rate PLN 10.71 1 000 30.00126 PLKRINK00097 KRI1216 2016.12.08 floating rate PLN 10.34 1 000 18.00127 PLKRK0000085 KRU0115 2015.01.05 floating rate PLN 9.90 1 000 17.00310


CATALYSTValue of issues listed on Catalyst in 2012 (contd.)No. ISIN Code Instrument Redemptiondate(yyyy.mm.dd)Type of interestrateCurrency Interest rateNominal Value of totalprice issue (PLNmillion)128 PLKRK0000143 KRU0214 2014.02.04 floating rate PLN 8.25 1 000 20.00129 PLKRK0000176 KRU0316 2016.03.21 floating rate PLN 8.59 1 000 120.00130 PLKRK0000069 KRU0514 2014.05.25 floating rate PLN 9.11 1 000 25.00131 PLKRK0000101 KRU0713 2013.07.11 floating rate PLN 8.21 1 000 11.00132 PLKRK0000127 KRU0913 2013.09.06 floating rate PLN 7.70 1 000 25.00133 PLKRK0000135 KRU0914 2014.09.06 floating rate PLN 8.90 1 000 35.00134 PLKRK0000077 KRU1114 2014.11.25 floating rate PLN 9.61 1 000 29.50135 PLKRK0000192 KRU1116 2016.11.05 floating rate PLN 9.35 1 000 30.00136 PLKNCPT00012 KWS0313 2013.03.29 floating rate PLN 10.71 1 000 8.00137 PLFBRD000059 LBD1213 2013.12.15 zero-coupon PLN ---- 1 000 5.50138 PLLCCRP00033 LCC0414 2014.04.15 floating rate PLN 8.88 100 000 100.00139 PLLCCRP00041 LCC0515 2015.05.25 floating rate PLN 8.40 100 000 65.00140 PLLSTIA00034 LST0614 2014.06.12 fixed rate PLN 11.50 1 000 0.69141 PLMSTFR00016 MAS0215 2015.02.13 floating rate PLN 9.65 1 000 0.80142 PLMOBRK00039 MBR0814 2014.08.12 floating rate PLN 10.14 1 000 50.00143 PLMCIMG00137 MCI0314 2014.03.31 floating rate PLN 8.95 1 000 35.35144 PLMCIMG00129 MCI0613 2013.06.28 floating rate PLN 9.89 1 000 27.45145 PLMERA000035 MER0614 2014.06.17 floating rate PLN 11.74 1 000 5.00146 PLMERA000043 MER1213 2013.12.06 floating rate PLN 12.49 100 2.50147 PLKLSTN00033 MIR0513 2013.05.07 floating rate PLN 13.51 1 000 4.78148 PLMKDOM00010 MKD0713 2013.07.22 floating rate PLN 10.65 1 000 23.28149 PLMLMSK00014 MLX0414 2014.04.25 floating rate PLN 11.09 1 000 12.91150 PLMLMSK00022 MLX0714 2014.07.09 floating rate PLN 11.90 1 000 4.70151 PLMLMSK00030 MLX0813 2013.08.30 fixed rate PLN 11.00 1 000 7.53152 PLMLMDP00049 MMP0416 2016.04.29 floating rate PLN 7.75 10 000 107.00153 PLMLMDP00056 MMP0617 2017.06.06 floating rate PLN 8.43 10 000 250.00154 PLMLMDP00031 MMP1115 2015.11.30 floating rate PLN 8.00 500 000 400.00155 PLMINOX00036 MNX0414 2014.04.25 fixed rate PLN 12.00 100 4.82156 PLMARKA00030 MRK0214 2014.02.17 floating rate PLN 13.13 1 000 14.11157 PLMRTMB00018 MRT0520 2020.05.09 floating rate PLN 10.70 10 000 26.38158 PLMEWSA00027 MSA0613 2013.06.14 fixed rate PLN 12.00 110 5.06159 PLMEWSA00035 MSA1013 2013.10.11 fixed rate PLN 12.50 100 2.36311


Fact Book 2013Value of issues listed on Catalyst in 2012 (contd.)No. ISIN Code Instrument Redemptiondate(yyyy.mm.dd)Type of interestrateCurrency Interest rateNominal Value of totalprice issue (PLNmillion)160 PLMURPL00034 MUR0415 2015.04.27 floating rate PLN 9.96 100 7.50161 PLMURPL00042 MUR0515 2015.05.16 floating rate PLN 9.86 100 7.50162 PLMURPL00026 MUR0814 2014.08.22 floating rate PLN 10.63 100 25.00163 PLMRVPL00057 MVF1213 2013.12.06 fixed rate PLN 9.45 100 30.00164 PLMRVPL00065 MVG1213 2013.12.13 fixed rate PLN 9.45 100 10.00165 PLMRVPL00073 MVP0114 2014.01.04 fixed rate PLN 9.45 100 20.00166 PLMRVPL00081 MVP0415 2015.04.08 floating rate PLN 10.80 100 39.06167 PLMRVPL00024 MVP0613 2013.06.29 floating rate PLN 7.94 1 000 39.40168 PLMRVPL00032 MVP0813 2013.08.30 floating rate PLN 10.41 1 000 14.45169 PLMRVPL00099 MVP0914 2014.09.16 floating rate PLN 8.58 1 000 30.79170 PLNAVIG00015 NAV0213 2013.02.21 floating rate PLN 14.64 1 000 2.00171 PLNAVIG00064 NAV0314 2014.03.03 fixed rate PLN 11.00 1 000 0.50172 PLNAVIG00072 NAV1113 2013.11.15 floating rate PLN 12.20 1 000 4.71173 PLNAVIG00056 NAV1213 2013.12.02 floating rate PLN 12.81 1 000 0.68174 PLNETTL00018 NEL0414 2014.04.30 floating rate PLN 12.75 1 000 1.26175 PLNMV0000012 NMV0114 2014.01.20 floating rate PLN 10.31 1 000 1.61176 PLNRDCD00017 NOR0414 2014.04.14 floating rate PLN 10.70 2 000 1.00177 PLODRTS00025 ODR1114 2014.11.28 floating rate PLN 8.62 1 000 60.00178 PLMZCOR00035 ORK0314 2014.03.27 floating rate PLN 12.46 1 000 35.00179 PLORZL000100 ORL0814 2014.08.22 fixed rate PLN 11.00 1 000 10.00180 PLOSHEE00026 OSH0314 2014.03.26 floating rate PLN ---- 1 000 5.00181 PLODLZW00019 OZE0813 2013.08.29 floating rate PLN 11.41 1 000 10.00182 PLPNSKA00026 PAN0614 2014.06.30 fixed rate PLN 11.00 1 000 25.00183 PLPNSKA00018 PAN1214 2014.12.30 fixed rate PLN 11.00 1 000 10.00184 PLPWTRN00015 PAW0115 2015.01.12 floating rate PLN 9.66 100 10.00185 PLPCCRK00019 PCR0613 2013.06.14 fixed rate PLN 9.00 100 15.00186 PLPCCRK00027 PCR1014 2014.10.03 fixed rate PLN 9.00 100 25.00187 PLPCZ0000019 PCZ0514 2014.05.30 fixed rate PLN 14.00 1 000 5.00188 PLPCZ0000043 PCZ0615 2015.06.30 floating rate PLN 10.94 1 000 8.00189 PLPCZ0000068 PCZ1015 2015.10.31 fixed rate PLN 11.00 1 000 13.00190 PLPGNIG00063 PGN0617 2017.06.19 floating rate PLN 5.43 10 000 2 500.00191 PLPRINW00018 PIN0414 2014.04.04 floating rate PLN 9.94 1 000 10.00312


CATALYSTValue of issues listed on Catalyst in 2012 (contd.)No. ISIN Code Instrument Redemptiondate(yyyy.mm.dd)Type of interestrateCurrency Interest rateNominal Value of totalprice issue (PLNmillion)192 PLPRINW00026 PIN1014 2014.10.30 floating rate PLN 9.75 1 000 10.00193 PLPKN0000083 PKN0219 2019.02.27 floating rate PLN 6.72 100 000 1 000.00194 PLPKO0000081 PKO0922 2022.09.14 floating rate PLN 6.60 100 000 1 600.70195 XS0545031642 PKO1015 2015.10.21 fixed rate EUR 3.73 50 000 800.00196 PLPRESC00059 PRE0814 2014.08.23 floating rate PLN 10.33 1 000 30.00197 PLPRESC00042 PRE1213 2013.12.12 floating rate PLN 9.31 1 000 30.00198 PLGFPRE00057 PRF0413 2013.04.19 floating rate PLN 9.30 1 000 25.00199 PLGFPRE00065 PRF1214 2014.12.12 floating rate PLN 8.81 1 000 15.00200 PLPTIW000022 PTI0714 2014.07.30 floating rate PLN 11.65 1 000 5.02201 PLQLTDL00010 QLT0313 2013.03.29 fixed rate PLN 11.00 1 000 0.80202 PLNFI0500038 RBC0413 2013.04.27 floating rate PLN 10.75 1 000 32.00203 PLREDAN00050 RDN0113 2013.01.12 floating rate PLN 9.67 100 6.00204 PLREDAN00068 RDN0814 2014.08.23 floating rate PLN 11.13 1 000 8.50205 PLRLGDL00056 REL0214 2014.02.12 fixed rate PLN 14.00 1 000 2.40206 PLRLGDL00031 REL0913 2013.09.30 fixed rate PLN 14.00 1 000 2.23207 PLRLGDL00049 REL1113 2013.11.07 fixed rate PLN 14.00 1 000 1.04208 PLREMDS00146 REM0613 2013.06.27 fixed rate PLN 10.00 1 2.96209 PLREMDS00138 REM0713 2013.07.08 floating rate PLN ---- 1 4.00210 PLREMDS00153 REM0813 2013.08.01 fixed rate PLN 10.00 1 0.70211 PLREMDS00179 REM0913 2013.09.01 floating rate PLN ---- 1 1.25212 PLRNSER00011 RNA0414 2014.04.18 floating rate PLN 9.05 10 000 51.34213 PLRNSER00029 RNB0414 2014.04.18 floating rate PLN 9.75 10 000 36.16214 PLRNKPR00030 RNK1213 2013.12.09 floating rate PLN 9.31 1 000 100.00215 PLROBYG00073 ROB0415 2015.04.18 fixed rate PLN 8.90 100 40.00216 PLROBYG00081 ROB0615 2015.06.20 floating rate PLN 7.98 100 20.00217 PLROBYG00040 ROB1013 2013.10.01 fixed rate PLN 8.90 100 60.00218 PLROBYG00057 ROB1113 2013.11.16 fixed rate PLN 8.35 100 20.00219 PLROBYG00065 ROB1213 2013.12.02 fixed rate PLN 8.90 100 22.75220 PLRDNST00035 ROD0813 2013.08.05 floating rate PLN 13.14 100 3.00221 PLROBYG00099 ROG0615 2015.06.20 floating rate PLN 8.98 100 10.00222 PLSCOPK00038 SCO0713 2013.07.25 floating rate PLN 12.16 1 000 22.98223 PLSCOPK00046 SCO0813 2013.08.29 floating rate PLN 12.12 1 000 6.54313


Fact Book 2013Value of issues listed on Catalyst in 2012 (contd.)No. ISIN Code Instrument Redemptiondate(yyyy.mm.dd)Type of interestrateCurrency Interest rateNominal Value of totalprice issue (PLNmillion)224 PLCMPLD00156 SGN0313 2013.03.23 floating rate PLN 9.96 1 000 60.00225 PLMILOP00028 SIO1213 2013.12.06 floating rate PLN 10.37 100 000 90.00226 PLECOPL00036 TBR0713 2013.07.11 fixed rate PLN 12.50 1 000 3.16227 PLECOPL00028 TBR1013 2013.10.11 fixed rate PLN 12.00 100 1.86228 PLTRKPL00048 TRK1213 2013.12.12 fixed rate PLN 7.00 1 000 148.36229 PLTRUST00010 TRU0614 2014.06.03 floating rate PLN 9.25 1 000 22.00230 PLTRUST00036 TRU1213 2013.12.15 floating rate PLN 9.99 1 000 13.66231 PLTRUST00028 TRU1214 2014.12.02 floating rate PLN 9.50 1 000 16.00232 PLUBTLN00020 UBT0914 2014.09.11 floating rate PLN 13.93 1 000 0.65233 PLVEDIA00037 VED0613 2013.06.03 fixed rate PLN 11.50 1 000 4.00234 PLVOXEL00022 VOX0614 2014.06.06 floating rate PLN 9.93 1 000 12.00235 PLWDENG00032 WDK0313 2013.03.15 floating rate PLN 12.15 1 000 3.32236 PLWDENG00040 WDK0513 2013.05.08 floating rate PLN 12.00 1 000 5.28237 PLWRTHL00024 WHH1214 2014.12.07 floating rate PLN 10.63 100 5.00238 PLELPO000099 WIK0713 2013.07.18 floating rate PLN 11.41 1 000 26.25239 PLWDRZW00019 WLO0613 2013.06.02 floating rate PLN 11.52 1 000 21.00240 PLWDRZW00027 WLO1214 2014.12.15 floating rate PLN 9.79 100 9.50241 PLWRKSR00035 WSE0513 2013.05.21 floating rate PLN 10.14 1 000 7.56242 PLWRKSR00043 WSE0613 2013.06.02 floating rate PLN 10.00 1 000 10.50243 PLWDSIP00017 WSP0917 2017.09.25 floating rate PLN 9.20 10 000 151.80244 AT0000A0PCA4 WXF0514 2014.05.06 fixed rate PLN 8.50 250 000 66.25Co-operative bonds1 PLBBSDR00012 BBS1225 2025.12.24 floating rate PLN 7.15 1 000 2.902 PLBSPOM00010 BOM0221 2021.02.11 floating rate PLN 8.64 1 000 10.003 PLBSPLS00013 BPL0421 2021.04.15 floating rate PLN 7.90 1 000 7.004 PLBSPLS00021 BPL0422 2022.04.27 floating rate PLN 7.75 100 7.005 PLBPS0000032 BPS0718 2018.07.15 floating rate PLN 8.17 1 000 100.006 PLBPS0000024 BPS0720 2020.07.12 floating rate PLN 8.66 1 000 80.007 PLBPS0000040 BPS1122 2022.11.29 floating rate PLN 8.30 100 85.208 PLBSPT000017 BPT0620 2020.06.11 floating rate PLN 7.54 1 000 4.009 PLBSBR000023 BRB0425 2025.04.09 floating rate PLN 8.42 1 000 10.00314


CATALYSTValue of issues listed on Catalyst in 2012 (contd.)No. ISIN Code Instrument Redemptiondate(yyyy.mm.dd)Type of interestrateCurrency Interest rateNominal Value of totalprice issue (PLNmillion)10 PLPBSC000016 BSC0620 2020.06.18 floating rate PLN 7.22 1 000 10.0011 PLPBSC000024 BSC0621 2021.06.22 floating rate PLN 7.15 1 000 8.0012 PLPBSC000032 BSC0927 2027.09.14 floating rate PLN 8.47 1 000 11.0913 PLBSLIM00011 BSL0521 2021.05.13 floating rate PLN 7.85 1 000 10.0014 PLBSPIA00017 BSP0620 2020.06.25 floating rate PLN 7.14 1 000 5.0015 PLBSSKR00011 BSS0418 2018.04.01 floating rate PLN 8.45 1 000 8.0016 PLSBRIR00025 BSW0715 2015.07.30 floating rate PLN 7.15 100 10.0017 PLSBRIR00017 BSW0721 2021.07.08 floating rate PLN 8.35 1 000 10.0018 PLBSTCH00025 BTY0317 2017.03.27 floating rate PLN 8.95 1 000 1.6019 PLBSTCH00017 BTY1216 2016.12.15 floating rate PLN 7.74 1 000 2.0020 PLESBSR00014 ESB0725 2025.07.16 floating rate PLN 8.17 1 000 5.0021 PLGBSBR00015 GBS0621 2021.06.10 floating rate PLN 7.17 1 000 10.0022 PLKBSAK00014 KBS0518 2018.05.30 floating rate PLN 8.02 100 6.0023 PLMBSLM00013 MBS0720 2020.07.23 floating rate PLN 8.36 1 000 6.0024 PLOKBS000017 OKB0520 2020.05.28 floating rate PLN 7.59 1 000 7.0025 PLPBS0000016 PBS0720 2020.07.02 floating rate PLN 9.14 1 000 25.0026 PLPBS0000024 PBS1021 2021.10.06 floating rate PLN 8.11 100 23.0027 PLPMBSZ00016 PMS0624 2024.06.18 floating rate PLN 7.22 1 000 5.0028 PLKRBSP00017 SBK1020 2020.10.29 floating rate PLN 8.75 1 000 20.6929 PLSBRS000016 SBR0325 2025.03.12 floating rate PLN 8.48 1 000 2.0030 PLSBRS000024 SBR0725 2025.07.16 floating rate PLN 8.67 1 000 5.0031 PLWAWBS00014 WBS0521 2021.05.27 floating rate PLN 7.80 1 000 7.00Municipal bonds1 PL0019200019 BRD1023 2023.10.19 floating rate PLN 6.49 1 000 12.702 PL0012200016 BRZ1016 2016.10.19 floating rate PLN 6.79 1 000 3.503 PL0015200013 CHE0614 2014.06.24 floating rate PLN ---- 1 000 5.004 PL0015200021 CHE0714 2014.07.30 floating rate PLN ---- 1 000 5.005 PL0015200039 CHE0814 2014.08.31 floating rate PLN ---- 1 000 5.006 PL0017200011 ELG0319 2019.03.08 floating rate PLN 5.83 1 000 5.007 PL0017200029 ELG0320 2020.03.08 floating rate PLN 5.93 1 000 5.508 PL0017200037 ELG0321 2021.03.30 floating rate PLN 6.09 100 9.00315


Fact Book 2013Value of issues listed on Catalyst in 2012 (contd.)No. ISIN Code Instrument Redemptiondate(yyyy.mm.dd)Type of interestrateCurrency Interest rateNominal Value of totalprice issue (PLNmillion)9 PL0017200045 ELG0322 2022.03.30 floating rate PLN 6.19 100 15.5010 PL0017200052 ELG0523 2023.05.25 floating rate PLN 5.90 100 15.5011 PL0017200060 ELG0524 2024.05.25 floating rate PLN 6.00 100 16.5012 PL0017200078 ELG0625 2025.06.29 floating rate PLN 6.64 100 18.0013 PL0016200012 JAR1213A 2013.12.18 floating rate PLN ---- 1 000 1.0014 PL0016200020 JAR1213B 2013.12.18 floating rate PLN ---- 1 000 1.0015 PL0016200038 JAR1213C 2013.12.06 floating rate PLN ---- 1 000 0.5016 PL0016200046 JAR1214D 2014.12.18 floating rate PLN ---- 1 000 1.0017 PL0016200053 JAR1214E 2014.12.18 floating rate PLN ---- 1 000 1.0018 PL0016200061 JAR1214F 2014.12.18 floating rate PLN ---- 1 000 0.5019 PL0013200015 KON0715 2015.07.29 floating rate PLN 7.15 1 000 0.5520 PL0013200023 KON0916 2016.09.08 floating rate PLN 6.98 1 000 2.2021 PL0014200022 OSW0914 2014.09.06 floating rate PLN ---- 1 000 0.5022 PL0006200014 PLZ0915 2015.09.07 floating rate PLN 7.98 1 000 0.6023 PL0006200022 PLZ0916 2016.09.07 floating rate PLN 7.98 1 000 0.7024 PL0006200030 PLZ0917 2017.09.07 floating rate PLN 7.98 1 000 0.8025 PL0001200035 RYB1117 2017.11.13 floating rate PLN 4.86 1 000 40.5026 PL0001200019 RYB1213 2013.12.30 floating rate PLN 5.76 1 000 14.5027 PL0001200027 RYB1214 2014.12.23 floating rate PLN 5.81 1 000 18.5028 PL0008200053 TCZ0817 2017.08.25 floating rate PLN 5.91 1 000 2.0029 PL0008200012 TCZ0913 2013.09.04 floating rate PLN ---- 1 000 5.0030 PL0008200020 TCZ0914 2014.09.04 floating rate PLN ---- 1 000 5.0031 PL0008200038 TCZ0915 2015.09.04 floating rate PLN ---- 1 000 5.0032 PL0008200046 TCZ0916 2016.09.04 floating rate PLN ---- 1 000 5.0033 PL0004200016 TUR0916 2016.09.28 floating rate PLN ---- 1 000 2.8034 PL0011200033 USM0213 2013.02.25 floating rate PLN 6.60 1 000 0.8035 PL0011200041 USM0314 2014.03.24 floating rate PLN 6.17 1 000 0.8036 PL0011200058 USM0315 2015.03.24 floating rate PLN 6.17 1 000 0.3037 PL0020200016 WAL1025 2025.10.08 floating rate PLN 7.12 1 000 30.0038 PL0020200024 WAL1027 2027.10.22 floating rate PLN 6.98 1 000 27.0039 PL0003200074 WAW0318 2018.03.29 fixed rate PLN 6.48 1 000 300.0040 PL0003200066 WAW0321 2021.03.18 fixed rate PLN 6.64 1 000 300.00316


CATALYSTValue of issues listed on Catalyst in 2012 (contd.)No. ISIN Code Instrument Redemptiondate(yyyy.mm.dd)Type of interestrateCurrency Interest rateNominal Value of totalprice issue (PLNmillion)41 PL0003200025 WAW0922 2022.09.23 fixed rate PLN 6.45 1 000 600.0042 PL0003200041 WAW1017 2017.10.25 fixed rate PLN 5.35 1 000 300.0043 PL0003200017 WAW1019 2019.10.25 fixed rate PLN 6.70 1 000 600.0044 PL0018200010 WCL1225 2025.12.20 floating rate PLN 7.01 1 000 30.0045 PL0011300015 WSL0313 2013.03.29 floating rate PLN 6.94 1 000 2.0046 PL0011300023 WSL0314 2014.03.29 floating rate PLN 6.94 1 000 2.0047 PL0007200013 ZAB0614 2014.06.10 floating rate PLN ---- 1 000 4.0048 PL0007200021 ZAB0715 2015.07.23 floating rate PLN ---- 1 000 4.2049 PL0007200039 ZAB0916 2016.09.23 floating rate PLN ---- 1 000 4.90Treasury bonds1 PL0000102836 DS1013 2013.10.24 fixed rate PLN 5.00 1 000 23 369.742 PL0000103602 DS1015 2015.10.24 fixed rate PLN 6.25 1 000 27 133.643 PL0000104543 DS1017 2017.10.25 fixed rate PLN 5.25 1 000 26 402.934 PL0000105441 DS1019 2019.10.25 fixed rate PLN 5.50 1 000 25 921.535 PL0000106126 DS1020 2020.10.25 fixed rate PLN 5.25 1 000 23 370.146 PL0000106670 DS1021 2021.10.25 fixed rate PLN 5.75 1 000 21 848.437 PL0000107264 DS1023 2023.10.25 fixed rate PLN 4.00 1 000 6 589.748 PL0000103529 IZ0816 2016.08.24 indexed PLN 3.00 1 271 12 127.689 PL0000105359 IZ0823 2023.08.25 indexed PLN 2.75 1 149 6 697.0310 PL0000106324 OK0113 2013.01.25 zero-coupon PLN ---- 1 000 10 001.2611 PL0000106712 OK0114 2014.01.25 zero-coupon PLN ---- 1 000 21 808.1112 PL0000106563 OK0713 2013.07.25 zero-coupon PLN ---- 1 000 13 392.6213 PL0000107009 OK0714 2014.07.25 zero-coupon PLN ---- 1 000 10 287.3714 PL0000105037 PS0413 2013.04.25 fixed rate PLN 5.25 1 000 20 520.9615 PL0000105433 PS0414 2014.04.25 fixed rate PLN 5.75 1 000 29 570.7416 PL0000105953 PS0415 2015.04.25 fixed rate PLN 5.50 1 000 29 324.0017 PL0000106340 PS0416 2016.04.25 fixed rate PLN 5.00 1 000 23 768.3018 PL0000107058 PS0417 2017.04.25 fixed rate PLN 4.75 1 000 20 098.0719 PL0000107314 PS0418 2018.04.25 fixed rate PLN 3.75 1 000 4 526.3220 PL0000106795 PS1016 2016.10.25 fixed rate PLN 4.75 1 000 23 481.9221 PL0000105995 TZ0213 2013.02.01 floating rate PLN 4.89 100 26.69317


Fact Book 2013Value of issues listed on Catalyst in 2012 (contd.)No. ISIN Code Instrument Redemptiondate(yyyy.mm.dd)Type of interestrateCurrency Interest rateNominal Value of totalprice issue (PLNmillion)22 PL0000106449 TZ0214 2014.02.01 floating rate PLN 4.89 100 58.1023 PL0000106894 TZ0215 2015.02.01 floating rate PLN 5.15 100 70.6424 PL0000106118 TZ0513 2013.05.02 floating rate PLN 4.53 100 23.5725 PL0000106555 TZ0514 2014.05.02 floating rate PLN 4.53 100 57.5026 PL0000106225 TZ0813 2013.08.01 floating rate PLN 4.89 100 38.8727 PL0000106662 TZ0814 2014.08.01 floating rate PLN 4.89 100 97.3628 PL0000106332 TZ1113 2013.11.02 floating rate PLN 4.53 100 44.9929 PL0000106787 TZ1114 2014.11.02 floating rate PLN 4.53 100 76.9030 PL0000105391 WS0429 2029.04.25 fixed rate PLN 5.75 1 000 9 077.2931 PL0000104857 WS0437 2037.04.25 fixed rate PLN 5.00 1 000 1 387.2032 PL0000102646 WS0922 2022.09.23 fixed rate PLN 5.75 1 000 26 035.0033 PL0000106480 WZ0115 2015.01.25 floating rate PLN 5.15 1 000 22 422.3334 PL0000106936 WZ0117 2017.01.25 floating rate PLN 5.15 1 000 20 777.1635 PL0000104717 WZ0118 2018.01.25 floating rate PLN 5.15 1 000 26 971.6436 PL0000106068 WZ0121 2021.01.25 floating rate PLN 5.15 1 000 27 568.07Mortgage bonds1 PLRHNHP00151 BREHA08 2013.04.29 floating rate PLN 6.05 1 000 25.002 PLRHNHP00169 BREHA09 2014.04.28 floating rate PLN 6.10 1 000 25.003 PLRHNHP00177 BREHA10 2014.07.28 floating rate PLN 6.55 1 000 200.004 PLRHNHP00185 BREHA11 2015.09.28 floating rate PLN 6.31 1 000 100.005 PLRHNHP00193 BREHA12 2014.11.28 floating rate PLN 5.79 1 000 100.006 PLRHNHP00219 BREHA13 2016.04.20 floating rate PLN 5.92 1 000 200.007 PLRHNHP00227 BREHA14 2015.05.15 floating rate PLN 5.64 1 000 100.008 PLRHNHP00235 BREHA15 2017.06.16 floating rate PLN 5.20 1 000 200.009 PLRHNHP00243 BREHA16 2015.07.07 floating rate PLN 6.02 1 000 100.0010 PLRHNHP00250 BREHA17 2013.10.21 floating rate PLN 5.79 1 000 200.0011 PLRHNHP00268 BREHA18 2017.04.20 floating rate PLN 6.07 1 000 200.0012 PLRHNHP00276 BREHA19 2018.06.15 floating rate PLN 5.91 1 000 200.0013 PLRHNHP00318 BREHA20 2016.11.15 floating rate PLN 6.20 1 000 100.0014 PLRHNHP00300 BREHE01 2017.10.19 floating rate EUR 2.31 1 000 10.0015 PLBPHHP00069 PEK0321 2021.03.14 floating rate PLN 6.15 1 000 250.00318


CATALYSTValue of issues listed on Catalyst in 2012 (contd.)No. ISIN Code Instrument Redemptiondate(yyyy.mm.dd)Type of interestrateCurrency Interest rateNominal Value of totalprice issue (PLNmillion)16 PLBPHHP00051 PEK1020 2020.10.28 floating rate PLN 5.75 1 000 100.0017 PLBPHHP00077 PEOH203 2021.11.22 floating rate PLN 5.73 1 000 150.0018 PLBPHHP00085 PEOH204 2022.02.22 floating rate PLN 6.43 1 000 150.0019 PLBPHHP00093 PEOH205 2017.12.09 floating rate PLN 5.67 1 000 150.0020 PLBPHHP00101 PEOH206 2018.02.11 floating rate EUR 2.12 1 000 10.00Public mortgage bonds1 PLRHNHP00201 BREPA05 2015.11.30 floating rate PLN 5.73 1 000 100.002 PLRHNHP00284 BREPA06 2015.07.28 floating rate PLN 6.45 1 000 100.003 PLRHNHP00292 BREPA07 2016.09.28 floating rate PLN 6.74 1 000 150.004 PLRHNHP00110 BREPUA4 2013.09.20 floating rate PLN 5.46 1 000 100.00319


Fact Book 2013Trading in various instruments on Catalyst in 2012No. ISIN Code Instrument Market CurrencyCorporate bondsOrder-book tradesBlock tradesVolume No. of Turnovertransactionsvalue(PLN thous.)Volume No. of Turnover valuetransactions(PLN thous.)1 PL0000500021 IDS1018 WSE RM PLN 301 931 127 327 781 0 0 02 PL0000500070 IDS1022 WSE RM PLN 114 341 92 119 828 0 0 03 PLGPW0000033 GPW0117 WSE RM PLN 394 905 1 687 40 309 128 544 9 12 9904 PLMOBRK00039 MBR0814 WSE ATS PLN 22 250 483 22 822 2 365 8 2 4425 PLGHLMC00032 GHE0415 BS ATS PLN 207 3 21 257 0 0 06 PLGANT000170 GNT0313 WSE ATS PLN 12 415 679 12 621 4 899 3 5 0347 PLMCIMG00129 MCI0613 WSE ATS PLN 12 203 167 12 337 0 0 08 PLKRK0000069 KRU0514 WSE ATS PLN 11 737 151 12 059 0 0 09 PLNOBLE00082 GNB0218 WSE ATS PLN 9 993 1 329 10 213 0 0 010 PLMRVPL00081 MVP0415 WSE ATS PLN 91 082 510 8 977 0 0 011 PLKRK0000077 KRU1114 WSE ATS PLN 8 613 17 8 913 0 0 012 PLSCOPK00038 SCO0713 WSE ATS PLN 8 471 587 8 288 0 0 013 PLRNKPR00030 RNK1213 WSE ATS PLN 8 236 409 8 211 16 532 8 16 81414 PLNFI0500038 RBC0413 WSE ATS PLN 7 413 144 7 427 0 0 015 PLGANT000204 GND0513 WSE ATS PLN 6 699 856 6 661 0 0 016 PLGHLMC00016 GHE0714 BS ATS PLN 66 13 6 525 3 1 29917 PLNOBLE00033 GNB0618 BS ATS PLN 62 26 6 328 2 1 20618 PLNOBLE00090 GNB0318 WSE ATS PLN 5 828 499 5 910 0 0 019 PLMRVPL00057 MVF1213 WSE ATS PLN 52 328 254 5 076 0 0 020 PLFERRO00040 FRO0416 WSE ATS PLN 4 634 150 4 860 8 084 3 8 46221 PLROBYG00073 ROB0415 WSE ATS PLN 44 699 171 4 520 43 516 8 4 35922 PLPGNIG00063 PGN0617 BS ATS PLN 440 9 4 476 0 0 023 PLODRTS00025 ODR1114 WSE ATS PLN 4 393 165 4 442 0 0 024 PLMKDOM00010 MKD0713 WSE ATS PLN 4 461 70 4 401 0 0 025 PLGHLMC00024 GHI0714 BS ATS PLN 43 21 4 355 0 0 026 PLPCZ0000043 PCZ0615 WSE ATS PLN 4 234 583 4 262 0 0 027 PLMRTMB00018 MRT0520 BS ATS PLN 416 2 4 212 0 0 028 PLMCIMG00137 MCI0314 WSE ATS PLN 4 097 284 4 168 0 0 029 PLGANT000220 GNT0813 WSE ATS PLN 4 027 325 4 041 0 0 030 PLMLMDP00049 MMP0416 BS ATS PLN 392 12 3 972 0 0 031 PLPCCRK00019 PCR0613 WSE RM PLN 38 227 872 3 880 2 300 2 235320


CATALYSTTrading in various instruments on Catalyst in 2012 (contd.)No. ISIN Code Instrument Market CurrencyOrder-book tradesBlock tradesVolume No. of Turnovertransactionsvalue(PLN thous.)Volume No. of Turnover valuetransactions(PLN thous.)32 PLKRK0000085 KRU0115 WSE ATS PLN 3 799 79 3 877 7 686 7 7 98533 PLGFPRE00057 PRF0413 WSE ATS PLN 3 839 42 3 869 3 000 1 3 13034 PLELPO000099 WIK0713 WSE ATS PLN 3 647 82 3 761 1 960 7 2 02135 PLROBYG00040 ROB1013 WSE ATS PLN 35 405 215 3 547 0 0 036 PLNFI1200109 BBD0214 WSE ATS PLN 328 53 3 381 0 0 037 PLMRVPL00032 MVP0813 WSE ATS PLN 3 436 442 3 376 0 0 038 PLORZL000100 ORL0814 WSE ATS PLN 3 289 300 3 324 650 4 65439 PLKRK0000101 KRU0713 WSE ATS PLN 3 128 93 3 238 4 299 2 4 35440 PL0000500013 IPS1014 WSE RM PLN 2 951 69 3 103 0 0 041 PLNFI1200125 BBD0215 WSE ATS PLN 298 6 3 075 95 1 95942 PLMLMDP00031 MMP1115 BS ATS PLN 6 5 2 974 10 2 5 14343 PLGFPRE00065 PRF1214 WSE ATS PLN 2 721 303 2 793 0 0 044 PLZPMHK00010 KAN0913 WSE ATS PLN 2 677 378 2 717 0 0 045 PLPRMCM00014 PCM0312 WSE ATS PLN 22 778 138 2 390 0 0 046 PLNFI1200133 BBI0215 WSE ATS PLN 226 11 2 323 295 3 2 89547 PLKRK0000135 KRU0914 WSE ATS PLN 2 267 10 2 313 7 100 4 7 12448 PLMRVPL00024 MVP0613 WSE ATS PLN 2 264 339 2 263 0 0 049 PLARCHM00016 ARH0713 WSE ATS PLN 2 164 97 2 189 0 0 050 PLPKN0000083 PKN0219 BS ATS PLN 21 3 2 160 0 0 051 PLALIOR00011 ALR0220 BS ATS PLN 2 100 5 2 141 1 500 2 1 55052 PLPRESC00042 PRE1213 WSE ATS PLN 2 080 134 2 130 0 0 053 PLNOBLE00108 GNB0418 WSE ATS PLN 1 906 204 1 938 0 0 054 PLCNTZP00044 IDE0315 WSE ATS PLN 18 559 56 1 880 0 0 055 PLGANT000162 GNT0912 WSE ATS PLN 1 834 341 1 849 0 0 056 PLIPFIP00025 IPF0615 BS ATS PLN 17 12 1 831 0 0 057 PLPCZ0000019 PCZ0514 WSE ATS PLN 1 712 469 1 799 0 0 058 PLBEST000085 BST1113 WSE ATS PLN 1 723 280 1 787 0 0 059 PLNFI1000095 BBZ1213 WSE ATS PLN 1 832 328 1 751 1 200 1 1 24260 PLMLMDP00056 MMP0617 WSE ATS PLN 168 21 1 725 1 899 2 19 46161 PLKLSTN00033 MIR0513 WSE ATS PLN 1 658 382 1 667 0 0 062 PLFRRTM00018 FRR0514 WSE ATS PLN 1 546 220 1 586 10 054 9 10 22763 PLGETBK00046 GNB0819 WSE ATS PLN 1 513 167 1 545 0 0 0321


Fact Book 2013Trading in various instruments on Catalyst in 2012 (contd.)No. ISIN Code Instrument Market CurrencyOrder-book tradesBlock tradesVolume No. of Turnovertransactionsvalue(PLN thous.)Volume No. of Turnover valuetransactions(PLN thous.)64 PLBPCZT00023 BPO0714 WSE ATS PLN 150 18 1 530 0 0 065 PLSCOPK00046 SCO0813 WSE ATS PLN 1 462 194 1 423 500 1 48966 PLBOS0000084 BOE1014 WSE ATS PLN 1 383 77 1 420 42 000 3 42 56367 PLWRKSR00043 WSE0613 WSE ATS PLN 1 369 175 1 388 129 1 12368 PLZPMHK00028 KAN1113 WSE ATS PLN 1 312 146 1 334 0 0 069 PLWDRZW00019 WLO0613 WSE ATS PLN 1 323 130 1 321 3 885 2 3 96870 PLMLMSK00014 MLX0414 WSE ATS PLN 1 257 35 1 313 100 1 10471 PLGANT000238 GNT1013 WSE ATS PLN 12 729 95 1 290 1 000 1 10572 PLOSHEE00018 OSH1012 WSE ATS PLN 1 574 265 1 239 1 000 3 85773 PLLCCRP00041 LCC0515 BS ATS PLN 12 1 1 215 0 0 074 PLROBYG00065 ROB1213 WSE ATS PLN 11 947 176 1 196 0 0 075 PLKRINK00105 KRI0116 WSE ATS PLN 1 126 124 1 175 0 0 076 PLNFI1200125 BBD0215 BS ATS PLN 110 1 1 169 0 0 077 PLPRESC00059 PRE0814 WSE ATS PLN 1 101 59 1 148 0 0 078 PLDPTRP00010 DTP1114 WSE ATS PLN 1 085 77 1 107 2 687 10 2 72479 PLNFI0500046 RBC0912 WSE ATS PLN 1 181 199 1 105 1 500 1 1 53980 PL0000500021 IDS1018 BS RM PLN 995 3 1 066 0 0 081 PLPRINW00018 PIN0414 WSE ATS PLN 1 031 133 1 059 0 0 082 PLEKGPF00037 EKA1112 WSE ATS PLN 1 041 283 1 057 0 0 083 PLKLON000036 KLN1115 WSE ATS PLN 10 349 25 1 050 0 0 084 PLWRTHL00024 WHH1214 WSE ATS PLN 10 371 188 1 043 0 0 085 XS0545031642 PKO1015 WSE ATS EUR 20 9 1 026 0 0 086 PLMEWSA00035 MSA1013 WSE ATS PLN 9 958 331 1 015 0 0 087 PLBOS0000076 BOD0521 BS ATS PLN 100 1 1 002 0 0 088 PLRDNST00035 ROD0813 WSE ATS PLN 9 963 302 983 0 0 089 PLPCCRK00027 PCR1014 WSE RM PLN 9 323 217 956 1 000 1 10390 PLBEST000077 BST0513 WSE ATS PLN 918 136 949 0 0 091 PLMARKA00030 MRK0214 WSE ATS PLN 896 204 927 0 0 092 PLELECT00047 ELC0413 WSE ATS PLN 878 159 890 0 0 093 PLBEST000093 BST0514 WSE ATS PLN 825 126 866 800 1 84594 PLESTPT00034 EAP1213 WSE ATS PLN 772 254 790 0 0 095 PLGCINV00037 GCI0414 WSE ATS PLN 767 137 785 0 0 0322


CATALYSTTrading in various instruments on Catalyst in 2012 (contd.)No. ISIN Code Instrument Market CurrencyOrder-book tradesBlock tradesVolume No. of Turnovertransactionsvalue(PLN thous.)Volume No. of Turnover valuetransactions(PLN thous.)96 PLAOWFK00027 AOW0214 WSE ATS PLN 7 675 97 778 0 0 097 PLGPW0000033 GPW0117 BS ATS PLN 7 526 2 771 0 0 098 PLGANT000188 GNT1212 WSE ATS PLN 754 88 757 0 0 099 PLKRK0000168 KRU1212 WSE ATS PLN 750 2 755 150 1 151100 PLKRK0000143 KRU0214 WSE ATS PLN 740 8 743 2 874 3 3 005101 PLKRINK00113 KR20116 WSE ATS PLN 705 104 729 0 0 0102 PLECOPL00028 TBR1013 WSE ATS PLN 7 365 278 726 0 0 0103 PLADMBT00039 ADM1013 WSE ATS PLN 706 140 720 0 0 0104 PLADMBT00047 ADM0415 WSE ATS PLN 703 174 717 0 0 0105 PLMRVPL00073 MVP0114 WSE ATS PLN 7 187 73 714 0 0 0106 PLNOVIN00053 DGT0414 WSE ATS PLN 969 241 712 0 0 0107 PLADMBT00021 ADM1212 WSE ATS PLN 700 141 711 0 0 0108 PLMRVPL00065 MVG1213 WSE ATS PLN 7 193 66 700 0 0 0109 PLREDAN00050 RDN0113 WSE ATS PLN 8 477 211 695 0 0 0110 PLRLGDL00056 REL0214 WSE ATS PLN 704 134 679 0 0 0111 PLGANT000261 GNT0814 WSE RM PLN 678 137 677 0 0 0112 PLMINOX00036 MNX0414 WSE ATS PLN 6 600 123 666 0 0 0113 PLPRGNK00041 PRI1212 WSE ATS PLN 639 82 664 0 0 0114 PLCPPRK00011 CAP0715 WSE ATS PLN 6 241 133 648 0 0 0115 PLCDRL000019 CDL1014 WSE ATS PLN 636 159 643 0 0 0116 PLRLGDL00031 REL0913 WSE ATS PLN 629 195 626 0 0 0117 PLLCCRP00033 LCC0414 BS ATS PLN 6 2 615 0 0 0118 PLHGNKA00093 HGN0713 WSE ATS PLN 591 151 608 0 0 0119 PLPCZ0000068 PCZ1015 WSE ATS PLN 592 118 594 0 0 0120 PLTRUST00010 TRU0614 WSE ATS PLN 572 22 585 482 1 496121 PLPRMCM00022 PCM0314 WSE ATS PLN 5 316 111 566 0 0 0122 PL0000500039 BGK0213 BS ATS PLN 555 4 561 0 0 0123 PLTRUST00028 TRU1214 WSE ATS PLN 535 10 557 0 0 0124 PLGETBK00020 GNB0518 WSE ATS PLN 543 51 557 0 0 0125 PLWDRZW00027 WLO1214 WSE ATS PLN 5 453 19 548 0 0 0126 PLVEDIA00037 VED0613 WSE ATS PLN 526 98 546 0 0 0127 PLWRKSR00035 WSE0513 WSE ATS PLN 539 59 544 0 0 0323


Fact Book 2013Trading in various instruments on Catalyst in 2012 (contd.)No. ISIN Code Instrument Market CurrencyOrder-book tradesBlock tradesVolume No. of Turnovertransactionsvalue(PLN thous.)Volume No. of Turnover valuetransactions(PLN thous.)128 PLAKCFN00039 AFC0314 WSE ATS PLN 518 47 536 0 0 0129 PLGANT000147 GNT0513 WSE ATS PLN 522 98 513 0 0 0130 PLZPMHK00036 KAN1214 WSE ATS PLN 497 57 504 0 0 0131 PLZPS0000015 ZPS1212 WSE ATS PLN 481 112 483 0 0 0132 PLNAVIG00015 NAV0213 WSE ATS PLN 469 125 478 0 0 0133 PLJDNKA00013 JED0415 WSE ATS PLN 4 078 95 417 0 0 0134 PLNAVIG00056 NAV1213 WSE ATS PLN 404 75 413 0 0 0135 PLWDENG00032 WDK0313 WSE ATS PLN 405 62 412 0 0 0136 PLMURPL00026 MUR0814 WSE ATS PLN 4 001 65 407 0 0 0137 PLBEST000069 BST1112 WSE ATS PLN 396 47 406 200 1 208138 PLNAVIG00072 NAV1113 WSE ATS PLN 393 62 398 0 0 0139 PLINDOS00019 INS1214 WSE ATS PLN 376 29 391 3 300 5 3 362140 PLIIF0000013 IIF0912 WSE ATS PLN 372 51 391 212 1 221141 PLMERA000035 MER0614 WSE ATS PLN 364 69 383 1 461 1 1 479142 PLGPFCS00067 GPF0214 WSE ATS PLN 402 99 372 0 0 0143 PLDEKPL00016 DKP0214 WSE ATS PLN 3 533 58 360 0 0 0144 PLBLTXG00028 BTG1113 WSE ATS PLN 358 80 359 0 0 0145 PLFSTFC00020 FFI0113 WSE ATS PLN 344 56 357 0 0 0146 PLWDENG00040 WDK0513 WSE ATS PLN 350 1 354 2 500 8 2 533147 PLNFI1000079 BBZ0312 WSE ATS PLN 313 26 339 0 0 0148 PLROBYG00057 ROB1113 WSE ATS PLN 3 176 52 318 0 0 0149 PLPRINW00026 PIN1014 WSE ATS PLN 311 52 315 0 0 0150 PLKRINK00063 KRI0414 BS ATS PLN 300 1 314 500 1 519151 PLNETTL00018 NEL0414 WSE ATS PLN 310 85 312 0 0 0152 PLMEWSA00027 MSA0613 WSE ATS PLN 2 709 121 307 0 0 0153 PLDMINM00016 DMM0914 WSE ATS PLN 298 61 305 0 0 0154 PLVOXEL00022 VOX0614 WSE ATS PLN 290 120 299 0 0 0155 PLMZCOR00035 ORK0314 WSE ATS PLN 283 49 298 3 450 2 3 687156 PLMRVPL00099 MVP0914 WSE ATS PLN 298 52 294 0 0 0157 PLHOOP000077 KFL1214 WSE ATS PLN 257 21 263 5 847 4 6 061158 PLQLTDL00010 QLT0313 WSE ATS PLN 243 36 243 0 0 0159 PLESTPT00042 EAP0214 WSE ATS PLN 232 81 235 0 0 0324


CATALYSTTrading in various instruments on Catalyst in 2012 (contd.)No. ISIN Code Instrument Market CurrencyOrder-book tradesBlock tradesVolume No. of Turnovertransactionsvalue(PLN thous.)Volume No. of Turnover valuetransactions(PLN thous.)160 PLFSTFC00038 FFI0315 WSE ATS PLN 222 43 234 1 081 4 1 107161 PLKRK0000176 KRU0316 WSE ATS PLN 224 28 232 0 0 0162 PLMSTFR00016 MAS0215 WSE ATS PLN 211 48 215 0 0 0163 PLEKGPF00060 EKA0513 WSE ATS PLN 210 52 214 0 0 0164 PLBBF0000013 BBF0615 WSE ATS PLN 2 056 55 212 0 0 0165 PLGANT000139 GNT0312 WSE ATS PLN 208 45 211 0 0 0166 PLGANT000212 GND0612 WSE ATS PLN 205 20 210 0 0 0167 PLMZCOR00019 ORK0312 WSE ATS PLN 206 34 207 0 0 0168 PLPSPRT00018 PSG0512 WSE ATS PLN 200 47 203 0 0 0169 PLBOS0000100 BOG0222 BS ATS PLN 200 2 201 0 0 0170 PLPWTRN00015 PAW0115 WSE ATS PLN 1 876 33 193 4 780 1 486171 PLFBRD000059 LBD1213 WSE ATS PLN 222 26 193 0 0 0172 PLECMNG00068 INV0615 WSE ATS PLN 183 41 184 0 0 0173 PLRLGDL00049 REL1113 WSE ATS PLN 164 24 163 0 0 0174 PLECOPL00036 TBR0713 WSE ATS PLN 165 39 159 0 0 0175 PLNAVIG00049 NAV1212 WSE ATS PLN 152 31 154 0 0 0176 PLNAVIG00031 NAV0912 WSE ATS PLN 150 35 153 0 0 0177 PLKNCPT00012 KWS0313 WSE ATS PLN 146 10 147 0 0 0178 PLORZL000068 ORL0412 WSE ATS PLN 137 33 140 0 0 0179 PLGETBK00111 GNB0919 WSE ATS PLN 136 8 138 0 0 0180 PLMERA000043 MER1213 WSE ATS PLN 1 292 34 135 0 0 0181 PLNFI1000103 BBZ0313 WSE ATS PLN 123 10 132 0 0 0182 PLUBTLN00020 UBT0914 WSE ATS PLN 130 46 131 0 0 0183 PLMZCOR00027 ORK0712 WSE ATS PLN 124 28 126 0 0 0184 PLNFI1000087 BBZ0712 WSE ATS PLN 112 11 123 0 0 0185 PLEKGPF00078 EKC0513 WSE ATS PLN 112 30 115 0 0 0186 PLWDKEN00059 WDK0512 WSE ATS PLN 106 42 109 0 0 0187 PLMILOP00028 SIO1213 BS ATS PLN 1 1 105 0 0 0188 PLPKO0000081 PKO0922 BS ATS PLN 1 1 102 0 0 0189 PLBOS0000068 BOC1213 BS ATS PLN 100 1 100 0 0 0190 PLNFI0600028 06N0213 WSE ATS PLN 97 18 100 0 0 0191 PLADVPL00037 ADV1114 WSE ATS PLN 93 11 97 0 0 0325


Fact Book 2013Trading in various instruments on Catalyst in 2012 (contd.)No. ISIN Code Instrument Market CurrencyOrder-book tradesBlock tradesVolume No. of Turnovertransactionsvalue(PLN thous.)Volume No. of Turnover valuetransactions(PLN thous.)192 PLPTIW000022 PTI0714 WSE ATS PLN 90 9 94 0 0 0193 PLMURPL00042 MUR0515 WSE ATS PLN 922 12 93 0 0 0194 PLHOOP000085 KFO1214 WSE ATS PLN 82 4 85 0 0 0195 PLECISC00023 ECS0115 WSE ATS PLN 78 14 80 3 200 6 3 233196 PLBSTII00020 BS20614 WSE ATS PLN 74 12 79 0 0 0197 PLREDAN00068 RDN0814 WSE ATS PLN 72 16 73 0 0 0198 PLECISC00015 ECI0115 WSE ATS PLN 65 14 67 200 2 202199 PLLSTIA00034 LST0614 WSE ATS PLN 65 22 67 0 0 0200 PLKRK0000192 KRU1116 WSE ATS PLN 60 5 62 0 0 0201 PLTRKPL00048 TRK1213 WSE ATS PLN 60 9 58 0 0 0202 PLNAVIG00023 NAV0812 WSE ATS PLN 57 14 58 0 0 0203 PLWDENG00024 WDK0712 WSE ATS PLN 56 7 57 0 0 0204 PLAOWFK00019 AOW0512 WSE ATS PLN 536 25 55 0 0 0205 PLDMINM00024 DMM1014 WSE ATS PLN 54 16 54 0 0 0206 PLBPCZT00015 BPO0721 WSE ATS PLN 5 4 52 0 0 0207 PLODLZW00019 OZE0813 WSE ATS PLN 45 8 45 0 0 0208 PLPLPGR00044 PPG1012 WSE ATS PLN 44 7 45 0 0 0209 PLKRK0000093 KRU0712 WSE ATS PLN 42 4 43 1 500 1 1 524210 PLEKGPF00052 EKA0413 WSE ATS PLN 41 12 42 0 0 0211 PLBOS0000092 BOF1014 WSE ATS PLN 39 5 40 0 0 0212 PLFRMGR00023 F510914 WSE ATS PLN 371 20 39 0 0 0213 PLGANT000253 GNT0314 WSE ATS PLN 382 11 38 80 000 2 8 016214 PLKRINK00121 KRI0916 WSE ATS PLN 35 7 37 0 0 0215 PLPRGNK00033 PRI0912 WSE ATS PLN 31 8 33 0 0 0216 PLMLMSK00030 MLX0813 WSE ATS PLN 31 13 31 0 0 0217 PLOSHEE00026 OSH0314 WSE ATS PLN 30 3 30 0 0 0218 PLSCNDV00017 SDV0314 WSE ATS PLN 285 7 29 0 0 0219 PLEKGPF00045 EKA1213 WSE ATS PLN 25 3 28 0 0 0220 PLMERA000027 MER0412 WSE ATS PLN 264 11 27 0 0 0221 PLEKGPF00086 EKK0513 WSE ATS PLN 22 6 23 0 0 0222 PLBEST000051 BST0512 WSE ATS PLN 20 2 21 0 0 0223 PLPNSKA00026 PAN0614 WSE ATS PLN 20 1 20 0 0 0326


CATALYSTTrading in various instruments on Catalyst in 2012 (contd.)No. ISIN Code Instrument Market CurrencyOrder-book tradesBlock tradesVolume No. of Turnovertransactionsvalue(PLN thous.)Volume No. of Turnover valuetransactions(PLN thous.)224 PLPNSKA00018 PAN1214 WSE ATS PLN 20 1 20 700 1 714225 PLTRUST00036 TRU1213 WSE ATS PLN 19 2 19 0 0 0226 PLKRK0000127 KRU0913 WSE ATS PLN 17 2 18 1 500 1 1 506227 PLNFI0400056 BLI1213 WSE ATS PLN 146 2 15 0 0 0228 PLBDSTL00041 BL50313 WSE ATS PLN 135 3 12 0 0 0229 PLWDKEN00042 WDK0112 WSE ATS PLN 10 3 11 0 0 0230 PLHOOP000069 KFL1213 WSE ATS PLN 10 1 11 0 0 0231 PLNRDCD00017 NOR0414 WSE ATS PLN 5 1 10 0 0 0232 PLBDSTL00033 BL50612 WSE ATS PLN 9 3 9 0 0 0233 PLBDSTL00074 BL50913 WSE ATS PLN 103 7 8 0 0 0234 PLBSTNS00052 BS31113 WSE ATS PLN 5 1 5 0 0 0235 PLGANT000246 GNT0613 WSE ATS PLN 5 2 5 0 0 0236 PLGETBK00129 GNB1019 WSE ATS PLN 4 2 4 0 0 0237 PLKRK0000119 KRU0912 WSE ATS PLN 1 1 1 5 701 3 5 825238 PLNFI0600028 06N0213 BS ATS PLN 0 0 0 0 0 0239 PLAOWFK00027 AOW0214 BS ATS PLN 0 0 0 0 0 0240 PLAOWFK00019 AOW0512 BS ATS PLN 0 0 0 0 0 0241 PLARCHM00016 ARH0713 BS ATS PLN 0 0 0 0 0 0242 PLNFI1200091 BBD0213 BS ATS PLN 0 0 0 0 0 0243 PLNFI1200091 BBD0213 WSE ATS PLN 0 0 0 0 0 0244 PLNFI1200109 BBD0214 BS ATS PLN 0 0 0 0 0 0245 PLNFI1200117 BBI0214 WSE ATS PLN 0 0 0 0 0 0246 PLNFI1200117 BBI0214 BS ATS PLN 0 0 0 0 0 0247 PLNFI1200133 BBI0215 BS ATS PLN 0 0 0 0 0 0248 PLNFI1000079 BBZ0312 BS ATS PLN 0 0 0 0 0 0249 PLNFI1000111 BBZ0613 WSE ATS PLN 0 0 0 0 0 0250 PLNFI1000087 BBZ0712 BS ATS PLN 0 0 0 0 0 0251 PL0000500047 BGK0215 BS ATS PLN 0 0 0 0 0 0252 PL0000500054 BGK0514 BS ATS PLN 0 0 0 0 0 0253 PL0000500088 BGK1016 BS ATS PLN 0 0 0 0 0 0254 PLBDSTL00058 BL50613 WSE ATS PLN 0 0 0 0 0 0255 PLNFI0400056 BLI1213 BS ATS PLN 0 0 0 0 0 0327


Fact Book 2013Trading in various instruments on Catalyst in 2012 (contd.)No. ISIN Code Instrument Market CurrencyOrder-book tradesBlock tradesVolume No. of Turnovertransactionsvalue(PLN thous.)Volume No. of Turnover valuetransactions(PLN thous.)256 PLBOS0000050 BOB1213 BS ATS PLN 0 0 0 0 0 0257 PLBOS0000084 BOE1014 BS ATS PLN 0 0 0 0 0 0258 PLBOS0000092 BOF1014 BS ATS PLN 0 0 0 0 0 0259 PLBOS0000118 BOH0215 BS ATS PLN 0 0 0 0 0 0260 PLBSTII00012 BS20613 BS ATS PLN 0 0 0 0 0 0261 PLBSTII00012 BS20613 WSE ATS PLN 0 0 0 0 0 0262 PLBSTII00020 BS20614 BS ATS PLN 0 0 0 0 0 0263 PLBSTNS00011 BS30212 BS ATS PLN 0 0 0 0 0 0264 PLBSTNS00011 BS30212 WSE ATS PLN 0 0 0 0 0 0265 PLBSTNS00060 BS30214 BS ATS PLN 0 0 0 0 0 0266 PLBSTNS00060 BS30214 WSE ATS PLN 0 0 0 0 0 0267 PLBSTNS00037 BS30513 WSE ATS PLN 0 0 0 0 0 0268 PLBSTNS00037 BS30513 BS ATS PLN 0 0 0 0 0 0269 PLBSTNS00078 BS30514 WSE ATS PLN 0 0 0 0 0 0270 PLBSTNS00078 BS30514 BS ATS PLN 0 0 0 0 0 0271 PLBSTNS00045 BS30813 BS ATS PLN 0 0 0 0 0 0272 PLBSTNS00045 BS30813 WSE ATS PLN 0 0 0 0 0 0273 PLBSTNS00029 BS31112 WSE ATS PLN 0 0 0 0 0 0274 PLBSTNS00029 BS31112 BS ATS PLN 0 0 0 0 0 0275 PLBSTNS00052 BS31113 BS ATS PLN 0 0 0 0 0 0276 PLBEST000051 BST0512 BS ATS PLN 0 0 0 0 0 0277 PLBEST000077 BST0513 BS ATS PLN 0 0 0 0 0 0278 PLBEST000093 BST0514 BS ATS PLN 0 0 0 0 0 0279 PLBEST000069 BST1112 BS ATS PLN 0 0 0 0 0 0280 PLBEST000085 BST1113 BS ATS PLN 0 0 0 0 0 0281 PLCPPRK00011 CAP0715 BS ATS PLN 0 0 0 0 0 0282 PLDEKPL00016 DKP0214 BS ATS PLN 0 0 0 0 0 0283 PLDMINM00016 DMM0914 BS ATS PLN 0 0 0 0 0 0284 PLDMINM00032 DMM1013 WSE ATS PLN 0 0 0 0 0 0285 PLDMDVL00038 DOM0217 BS ATS PLN 0 0 0 0 0 0286 PLDPTRP00010 DTP1114 BS ATS PLN 0 0 0 0 0 0287 PLECHPS00100 ECH0515 BS ATS PLN 0 0 0 0 0 0328


CATALYSTTrading in various instruments on Catalyst in 2012 (contd.)No. ISIN Code Instrument Market CurrencyOrder-book tradesBlock tradesVolume No. of Turnovertransactionsvalue(PLN thous.)Volume No. of Turnover valuetransactions(PLN thous.)288 PLEFH0000014 EFHOHA BS RM PLN 0 0 0 0 0 0289 PL0000400099 EIB0526 WSE RM PLN 0 0 0 0 0 0290 PL0000400024 EIB0617 WSE RM PLN 0 0 0 0 0 0291 PLENERG00014 ENG1019 BS ATS PLN 0 0 0 0 0 0292 PLERBUD00046 ERB0714 BS ATS PLN 0 0 0 0 0 0293 PLFSTFC00038 FFI0315 BS ATS PLN 0 0 0 0 0 0294 PLFERRO00040 FRO0416 BS ATS PLN 0 0 0 0 0 0295 PLGHLMC00040 GHI0415 BS ATS PLN 0 0 0 0 0 0296 PLNOBLE00041 GNB0817 BS ATS PLN 0 0 0 0 0 0297 PLNOBLE00058 GNB0917 BS ATS PLN 0 0 0 0 0 0298 PLNOBLE00074 GNB1017 BS ATS PLN 0 0 0 0 0 0299 PLGANT000196 GND0312 BS ATS PLN 0 0 0 0 0 0300 PLGANT000196 GND0312 WSE ATS PLN 0 0 0 0 0 0301 PLGANT000204 GND0513 BS ATS PLN 0 0 0 0 0 0302 PLGANT000212 GND0612 BS ATS PLN 0 0 0 0 0 0303 PLGETBK00038 GNF0618 BS ATS PLN 0 0 0 0 0 0304 PLNOBLE00066 GNO0917 BS ATS PLN 0 0 0 0 0 0305 PLGANT000139 GNT0312 BS ATS PLN 0 0 0 0 0 0306 PLGANT000170 GNT0313 BS ATS PLN 0 0 0 0 0 0307 PLGANT000154 GNT0612 BS ATS PLN 0 0 0 0 0 0308 PLGANT000154 GNT0612 WSE ATS PLN 0 0 0 0 0 0309 PLGANT000246 GNT0613 BS ATS PLN 0 0 0 0 0 0310 PLGANT000220 GNT0813 BS ATS PLN 0 0 0 0 0 0311 PLGANT000162 GNT0912 BS ATS PLN 0 0 0 0 0 0312 PLGANT000238 GNT1013 BS ATS PLN 0 0 0 0 0 0313 PL0000500070 IDS1022 BS RM PLN 0 0 0 0 0 0314 PLIIF0000021 IIF0114 WSE ATS PLN 0 0 0 0 0 0315 PLIMPCN00037 IMC1112 WSE ATS PLN 0 0 0 0 0 0316 PL0000500013 IPS1014 BS RM PLN 0 0 0 0 0 0317 PL0000500062 IWS0645 BS RM PLN 0 0 0 0 0 0318 PL0000500062 IWS0645 WSE RM PLN 0 0 0 0 0 0319 PLZPMHK00010 KAN0913 BS ATS PLN 0 0 0 0 0 0329


Fact Book 2013Trading in various instruments on Catalyst in 2012 (contd.)No. ISIN Code Instrument Market CurrencyOrder-book tradesBlock tradesVolume No. of Turnovertransactionsvalue(PLN thous.)Volume No. of Turnover valuetransactions(PLN thous.)320 PLZPMHK00028 KAN1113 BS ATS PLN 0 0 0 0 0 0321 PLZPMHK00036 KAN1214 BS ATS PLN 0 0 0 0 0 0322 PLHOOP000069 KFL1213 BS ATS PLN 0 0 0 0 0 0323 PLHOOP000077 KFL1214 BS ATS PLN 0 0 0 0 0 0324 PLHOOP000085 KFO1214 BS ATS PLN 0 0 0 0 0 0325 PLKRK0000184 KN10316 WSE ATS PLN 0 0 0 0 0 0326 PLKRINK00113 KR20116 BS ATS PLN 0 0 0 0 0 0327 PLKRINK00105 KRI0116 BS ATS PLN 0 0 0 0 0 0328 PLKRINK00071 KRI0416 BS ATS PLN 0 0 0 0 0 0329 PLKRINK00089 KRI0615 BS ATS PLN 0 0 0 0 0 0330 PLKRINK00121 KRI0916 BS ATS PLN 0 0 0 0 0 0331 PLKRINK00097 KRI1216 BS ATS PLN 0 0 0 0 0 0332 PLKRK0000150 KRU0612 WSE ATS PLN 0 0 0 0 0 0333 PLKNCPT00012 KWS0313 BS ATS PLN 0 0 0 0 0 0334 PLFBRD000059 LBD1213 BS ATS PLN 0 0 0 0 0 0335 PLMOBRK00039 MBR0814 BS ATS PLN 0 0 0 0 0 0336 PLMCIMG00137 MCI0314 BS ATS PLN 0 0 0 0 0 0337 PLMCIMG00129 MCI0613 BS ATS PLN 0 0 0 0 0 0338 PLMCIMG00111 MCI0912 WSE ATS PLN 0 0 0 0 0 0339 PLMCIMG00111 MCI0912 BS ATS PLN 0 0 0 0 0 0340 PLMKDOM00010 MKD0713 BS ATS PLN 0 0 0 0 0 0341 PLMLMSK00014 MLX0414 BS ATS PLN 0 0 0 0 0 0342 PLMLMSK00022 MLX0714 WSE ATS PLN 0 0 0 0 0 0343 PLMLMSK00030 MLX0813 BS ATS PLN 0 0 0 0 0 0344 PLMLMDP00056 MMP0617 BS ATS PLN 0 0 0 0 0 0345 PLMEWSA00027 MSA0613 BS ATS PLN 0 0 0 0 0 0346 PLMURPL00034 MUR0415 WSE ATS PLN 0 0 0 0 0 0347 PLMURPL00034 MUR0415 BS ATS PLN 0 0 0 0 0 0348 PLMURPL00042 MUR0515 BS ATS PLN 0 0 0 0 0 0349 PLMURPL00026 MUR0814 BS ATS PLN 0 0 0 0 0 0350 PLMRVPL00057 MVF1213 BS ATS PLN 0 0 0 0 0 0351 PLMRVPL00065 MVG1213 BS ATS PLN 0 0 0 0 0 0330


CATALYSTTrading in various instruments on Catalyst in 2012 (contd.)No. ISIN Code Instrument Market CurrencyOrder-book tradesBlock tradesVolume No. of Turnovertransactionsvalue(PLN thous.)Volume No. of Turnover valuetransactions(PLN thous.)352 PLMRVPL00073 MVP0114 BS ATS PLN 0 0 0 0 0 0353 PLMRVPL00081 MVP0415 BS ATS PLN 0 0 0 0 0 0354 PLMRVPL00024 MVP0613 BS ATS PLN 0 0 0 0 0 0355 PLMRVPL00032 MVP0813 BS ATS PLN 0 0 0 400 1 402356 PLMRVPL00099 MVP0914 BS ATS PLN 0 0 0 0 0 0357 PLNAVIG00064 NAV0314 WSE ATS PLN 0 0 0 0 0 0358 PLNMV0000012 NMV0114 WSE ATS PLN 0 0 0 0 0 0359 PLODRTS00025 ODR1114 BS ATS PLN 0 0 0 0 0 0360 PLMZCOR00019 ORK0312 BS ATS PLN 0 0 0 0 0 0361 PLMZCOR00035 ORK0314 BS ATS PLN 0 0 0 0 0 0362 PLMZCOR00027 ORK0712 BS ATS PLN 0 0 0 0 0 0363 PLORZL000068 ORL0412 BS ATS PLN 0 0 0 0 0 0364 PLORZL000100 ORL0814 BS ATS PLN 0 0 0 0 0 0365 PLODLZW00019 OZE0813 BS ATS PLN 0 0 0 0 0 0366 PLPRMCM00014 PCM0312 BS ATS PLN 0 0 0 0 0 0367 PLPRMCM00022 PCM0314 BS ATS PLN 0 0 0 0 0 0368 PLPCZ0000043 PCZ0615 BS ATS PLN 0 0 0 0 0 0369 PLPCZ0000068 PCZ1015 BS ATS PLN 0 0 0 0 0 0370 XS0545031642 PKO1015 BS ATS EUR 0 0 0 0 0 0371 PLPLKMT00015 PLK0915 BS ATS PLN 0 0 0 2 000 1 1 019 370372 PLPLPGR00036 PPG0912 WSE ATS PLN 0 0 0 0 0 0373 PLPRESC00059 PRE0814 BS ATS PLN 0 0 0 0 0 0374 PLPRESC00042 PRE1213 BS ATS PLN 0 0 0 0 0 0375 PLNFI0500038 RBC0413 BS ATS PLN 0 0 0 0 0 0376 PLNFI0500046 RBC0912 BS ATS PLN 0 0 0 0 0 0377 PLRNSER00011 RNA0414 BS ATS PLN 0 0 0 0 0 0378 PLRNSER00029 RNB0414 BS ATS PLN 0 0 0 0 0 0379 PLRNKPR00030 RNK1213 BS ATS PLN 0 0 0 0 0 0380 PLROBYG00073 ROB0415 BS ATS PLN 0 0 0 0 0 0381 PLROBYG00081 ROB0615 WSE ATS PLN 0 0 0 0 0 0382 PLROBYG00081 ROB0615 BS ATS PLN 0 0 0 0 0 0383 PLROBYG00040 ROB1013 BS ATS PLN 0 0 0 0 0 0331


Fact Book 2013Trading in various instruments on Catalyst in 2012 (contd.)No. ISIN Code Instrument Market CurrencyOrder-book tradesBlock tradesVolume No. of Turnovertransactionsvalue(PLN thous.)Volume No. of Turnover valuetransactions(PLN thous.)384 PLROBYG00057 ROB1113 BS ATS PLN 0 0 0 0 0 0385 PLROBYG00065 ROB1213 BS ATS PLN 0 0 0 0 0 0386 PLROBYG00099 ROG0615 BS ATS PLN 0 0 0 0 0 0387 PLROBYG00099 ROG0615 WSE ATS PLN 0 0 0 0 0 0388 PLSCNDV00017 SDV0314 BS ATS PLN 0 0 0 0 0 0389 PLCMPLD00156 SGN0313 BS ATS PLN 0 0 0 0 0 0390 PLSOLVC00018 SOL0412 WSE ATS PLN 0 0 0 0 0 0391 PLTRUST00010 TRU0614 BS ATS PLN 0 0 0 0 0 0392 PLTRUST00028 TRU1214 BS ATS PLN 0 0 0 0 0 0393 PLWRTHL00024 WHH1214 BS ATS PLN 0 0 0 0 0 0394 PLELPO000099 WIK0713 BS ATS PLN 0 0 0 0 0 0395 PLWDRZW00019 WLO0613 BS ATS PLN 0 0 0 0 0 0396 PLWDSIP00017 WSP0917 BS ATS PLN 0 0 0 0 0 0397 AT0000A0PCA4 WXF0514 BS ATS PLN 0 0 0 0 0 0Co-operative bonds1 PLBPS0000032 BPS0718 WSE ATS PLN 40 377 744 41 002 0 0 02 PLPBS0000024 PBS1021 WSE ATS PLN 110 340 379 11 259 2 383 1 2403 PLBSLIM00011 BSL0521 WSE ATS PLN 6 882 113 7 081 0 0 04 PLSBRIR00017 BSW0721 WSE ATS PLN 5 770 122 5 880 1 650 3 1 7015 PLBSPOM00010 BOM0221 WSE ATS PLN 5 721 153 5 878 0 0 06 PLBSBR000023 BRB0425 WSE ATS PLN 5 554 112 5 708 244 2 2477 PLPBS0000016 PBS0720 WSE ATS PLN 4 472 256 4 651 3 764 5 3 9338 PLBSSKR00011 BSS0418 WSE ATS PLN 4 482 175 4 618 128 1 1299 PLKRBSP00017 SBK1020 WSE ATS PLN 3 746 236 3 887 0 0 010 PLKBSAK00014 KBS0518 WSE ATS PLN 24 831 140 2 562 3 000 1 31011 PLPBSC000024 BSC0621 WSE ATS PLN 2 396 155 2 426 568 1 58212 PLWAWBS00014 WBS0521 WSE ATS PLN 1 830 77 1 874 0 0 013 PLBPS0000024 BPS0720 WSE ATS PLN 1 598 69 1 656 0 0 014 PLBPS0000040 BPS1122 WSE ATS PLN 10 272 73 1 038 0 0 015 PLMBSLM00013 MBS0720 WSE ATS PLN 1 004 21 1 017 500 2 51416 PLBSPIA00017 BSP0620 WSE ATS PLN 855 48 863 0 0 0332


CATALYSTTrading in various instruments on Catalyst in 2012 (contd.)No. ISIN Code Instrument Market CurrencyOrder-book tradesBlock tradesVolume No. of Turnovertransactionsvalue(PLN thous.)Volume No. of Turnover valuetransactions(PLN thous.)17 PLSBRS000024 SBR0725 WSE ATS PLN 641 38 651 0 0 018 PLPBSC000016 BSC0620 WSE ATS PLN 560 10 564 0 0 019 PLSBRS000016 SBR0325 WSE ATS PLN 527 55 544 250 1 26320 PLOKBS000017 OKB0520 WSE ATS PLN 534 8 534 0 0 021 PLBSPT000017 BPT0620 WSE ATS PLN 525 4 529 0 0 022 PLBSTCH00025 BTY0317 WSE ATS PLN 319 43 330 0 0 023 PLPMBSZ00016 PMS0624 WSE ATS PLN 309 35 314 0 0 024 PLBSPLS00021 BPL0422 WSE ATS PLN 1 085 6 113 0 0 025 PLSBRIR00025 BSW0715 WSE ATS PLN 1 036 4 105 29 000 2 2 96826 PLBSTCH00017 BTY1216 WSE ATS PLN 50 7 51 0 0 027 PLGBSBR00015 GBS0621 WSE ATS PLN 38 6 39 0 0 028 PLBBSDR00012 BBS1225 WSE ATS PLN 10 1 10 0 0 029 PLPBSC000032 BSC0927 WSE ATS PLN 10 4 10 0 0 030 PLBSPLS00013 BPL0421 WSE ATS PLN 10 4 10 0 0 031 PLESBSR00014 ESB0725 WSE ATS PLN 8 4 8 1 230 3 1 26532 PLBPS0000032 BPS0718 BS ATS PLN 0 0 0 0 0 0Municipal bonds1 PL0003200017 WAW1019 WSE RM PLN 2 526 76 2 771 0 0 02 PL0003200025 WAW0922 WSE RM PLN 2 439 55 2 602 0 0 03 PL0001200019 RYB1213 BS RM PLN 927 3 949 0 0 04 PL0003200041 WAW1017 WSE RM PLN 674 15 697 0 0 05 PL0011200041 USM0314 WSE ATS PLN 679 6 693 0 0 06 PL0013200023 KON0916 WSE ATS PLN 487 4 521 0 0 07 PL0005200023 KRN1212 WSE ATS PLN 492 3 509 0 0 08 PL0003200025 WAW0922 BS RM PLN 410 1 431 0 0 09 PL0003200074 WAW0318 WSE RM PLN 301 39 322 0 0 010 PL0011300023 WSL0314 WSE ATS PLN 281 4 288 0 0 011 PL0011300015 WSL0313 WSE ATS PLN 283 2 287 0 0 012 PL0003200041 WAW1017 BS RM PLN 152 1 153 0 0 013 PL0013200015 KON0715 WSE ATS PLN 122 24 128 0 0 014 PL0006200030 PLZ0917 WSE ATS PLN 100 19 109 0 0 0333


Fact Book 2013Trading in various instruments on Catalyst in 2012 (contd.)No. ISIN Code Instrument Market CurrencyOrder-book tradesBlock tradesVolume No. of Turnovertransactionsvalue(PLN thous.)Volume No. of Turnover valuetransactions(PLN thous.)15 PL0012200016 BRZ1016 WSE ATS PLN 76 2 81 0 0 016 PL0006200014 PLZ0915 WSE ATS PLN 66 5 70 0 0 017 PL0006200022 PLZ0916 WSE ATS PLN 62 3 67 0 0 018 PL0018200010 WCL1225 WSE RM PLN 50 3 54 0 0 019 PL0011200058 USM0315 WSE ATS PLN 31 4 32 0 0 020 PL0009200029 RAD0912 WSE RM PLN 23 1 23 0 0 021 PL0011200033 USM0213 WSE ATS PLN 14 1 14 0 0 022 PL0017200011 ELG0319 WSE RM PLN 10 1 10 0 0 023 PL0008200053 TCZ0817 WSE ATS PLN 8 4 8 0 0 024 PL0010200026 ZAM1212 WSE ATS PLN 6 2 6 0 0 025 PL0011200025 USM0212 WSE ATS PLN 6 1 6 0 0 026 PL0019200019 BRD1023 WSE RM PLN 0 0 0 0 0 027 PL0019200019 BRD1023 BS RM PLN 0 0 0 0 0 028 PL0017200011 ELG0319 BS RM PLN 0 0 0 0 0 029 PL0017200029 ELG0320 WSE RM PLN 0 0 0 0 0 030 PL0017200029 ELG0320 BS RM PLN 0 0 0 0 0 031 PL0017200037 ELG0321 WSE RM PLN 0 0 0 0 0 032 PL0017200037 ELG0321 BS RM PLN 0 0 0 0 0 033 PL0017200045 ELG0322 WSE RM PLN 0 0 0 0 0 034 PL0017200045 ELG0322 BS RM PLN 0 0 0 0 0 035 PL0017200052 ELG0523 BS RM PLN 0 0 0 0 0 036 PL0017200052 ELG0523 WSE RM PLN 0 0 0 0 0 037 PL0017200060 ELG0524 WSE RM PLN 0 0 0 0 0 038 PL0017200060 ELG0524 BS RM PLN 0 0 0 0 0 039 PL0017200078 ELG0625 WSE RM PLN 0 0 0 0 0 040 PL0017200078 ELG0625 BS RM PLN 0 0 0 0 0 041 PL0001200035 RYB1117 BS RM PLN 0 0 0 0 0 042 PL0001200027 RYB1214 BS RM PLN 0 0 0 0 0 043 PL0020200016 WAL1025 WSE RM PLN 0 0 0 0 0 044 PL0020200016 WAL1025 BS RM PLN 0 0 0 0 0 045 PL0020200024 WAL1027 BS RM PLN 0 0 0 0 0 046 PL0020200024 WAL1027 WSE RM PLN 0 0 0 0 0 0334


CATALYSTTrading in various instruments on Catalyst in 2012 (contd.)No. ISIN Code Instrument Market CurrencyOrder-book tradesBlock tradesVolume No. of Turnovertransactionsvalue(PLN thous.)Volume No. of Turnover valuetransactions(PLN thous.)47 PL0003200074 WAW0318 BS RM PLN 0 0 0 0 0 048 PL0003200066 WAW0321 WSE RM PLN 0 0 0 0 0 049 PL0003200066 WAW0321 BS RM PLN 0 0 0 0 0 050 PL0003200017 WAW1019 BS RM PLN 0 0 0 0 0 051 PL0018200010 WCL1225 BS RM PLN 0 0 0 0 0 0Treasury bonds1 PL0000106712 OK0114 WSE RM PLN 72 123 1 580 67 122 200 1 1852 PL0000106324 OK0113 WSE RM PLN 54 857 992 53 246 252 1 1513 PL0000107009 OK0714 WSE RM PLN 46 856 584 43 514 0 0 04 PL0000106563 OK0713 WSE RM PLN 42 286 1 039 40 351 0 0 05 PL0000105912 OK0712 WSE RM PLN 38 200 500 37 703 0 0 06 PL0000106126 DS1020 WSE RM PLN 20 670 487 21 827 200 1 2157 PL0000106068 WZ0121 WSE RM PLN 21 361 182 21 151 0 0 08 PL0000104717 WZ0118 WSE RM PLN 20 178 203 20 198 793 3 7859 PL0000105441 DS1019 WSE RM PLN 18 304 131 20 022 0 0 010 PL0000105359 IZ0823 WSE RM PLN 14 885 28 17 636 0 0 011 PL0000105433 PS0414 WSE RM PLN 15 518 462 16 409 1 000 2 1 06812 PL0000106670 DS1021 WSE RM PLN 12 260 100 13 482 850 2 87713 PL0000106894 TZ0215 WSE RM PLN 112 621 355 11 390 0 0 014 PL0000105953 PS0415 WSE RM PLN 10 617 411 11 180 0 0 015 PL0000106100 OK1012 WSE RM PLN 10 323 278 10 129 0 0 016 PL0000103602 DS1015 WSE RM PLN 8 921 418 9 697 0 0 017 PL0000106662 TZ0814 WSE RM PLN 89 821 566 9 065 0 0 018 PL0000104543 DS1017 WSE RM PLN 8 302 260 8 815 0 0 019 PL0000102836 DS1013 WSE RM PLN 8 361 74 8 573 0 0 020 PL0000106787 TZ1114 WSE RM PLN 81 464 630 8 217 0 0 021 PL0000102646 WS0922 WSE RM PLN 7 183 168 7 747 500 2 51822 PL0000106340 PS0416 WSE RM PLN 7 421 428 7 680 2 750 5 2 84423 PL0000105730 OK0112 WSE RM PLN 6 091 58 6 082 400 1 40024 PL0000107264 DS1023 WSE RM PLN 6 062 12 6 034 0 0 025 PL0000105391 WS0429 WSE RM PLN 5 272 29 5 747 0 0 0335


Fact Book 2013Trading in various instruments on Catalyst in 2012 (contd.)No. ISIN Code Instrument Market CurrencyOrder-book tradesBlock tradesVolume No. of Turnovertransactionsvalue(PLN thous.)Volume No. of Turnover valuetransactions(PLN thous.)26 PL0000104543 DS1017 BS RM PLN 5 543 5 5 670 0 0 027 PL0000106449 TZ0214 WSE RM PLN 47 312 283 4 764 0 0 028 PL0000106480 WZ0115 WSE RM PLN 4 553 116 4 594 0 0 029 PL0000106936 WZ0117 WSE RM PLN 3 966 71 3 977 0 0 030 PL0000106795 PS1016 WSE RM PLN 3 623 189 3 710 0 0 031 PL0000106712 OK0114 BS RM PLN 3 620 3 3 306 0 0 032 PL0000106126 DS1020 BS RM PLN 3 323 4 3 306 0 0 033 PL0000102836 DS1013 BS RM PLN 3 068 5 3 114 0 0 034 PL0000106555 TZ0514 WSE RM PLN 24 194 285 2 440 0 0 035 PL0000107058 PS0417 WSE RM PLN 2 202 31 2 299 0 0 036 PL0000106332 TZ1113 WSE RM PLN 22 089 207 2 227 0 0 037 PL0000105037 PS0413 WSE RM PLN 1 988 69 2 022 1 000 2 1 02638 PL0000106225 TZ0813 WSE RM PLN 17 949 175 1 809 0 0 039 PL0000105995 TZ0213 WSE RM PLN 14 845 192 1 498 0 0 040 PL0000105441 DS1019 BS RM PLN 1 362 2 1 383 0 0 041 PL0000103602 DS1015 BS RM PLN 1 237 4 1 321 0 0 042 PL0000106118 TZ0513 WSE RM PLN 12 073 119 1 219 0 0 043 PL0000105904 TZ1112 WSE RM PLN 10 260 117 1 039 0 0 044 PL0000103529 IZ0816 WSE RM PLN 730 57 962 0 0 045 PL0000107009 OK0714 BS RM PLN 1 000 1 925 0 0 046 PL0000105664 TZ0512 WSE RM PLN 8 169 45 828 0 0 047 PL0000104857 WS0437 WSE RM PLN 747 86 786 0 0 048 PL0000106340 PS0416 BS RM PLN 709 3 733 0 0 049 PL0000105771 TZ0812 WSE RM PLN 7 066 85 712 0 0 050 PL0000106563 OK0713 BS RM PLN 384 2 368 0 0 051 PL0000105912 OK0712 BS RM PLN 334 1 331 0 0 052 PL0000107058 PS0417 BS RM PLN 215 1 219 0 0 053 PL0000106324 OK0113 BS RM PLN 200 1 192 0 0 054 PL0000104659 PS0412 WSE RM PLN 151 6 157 250 1 26155 PL0000106449 TZ0214 BS RM PLN 1 450 1 146 0 0 056 PL0000102646 WS0922 BS RM PLN 120 1 124 0 0 057 PL0000105565 TZ0212 WSE RM PLN 1 043 15 106 0 0 0336


CATALYSTTrading in various instruments on Catalyst in 2012 (contd.)No. ISIN Code Instrument Market CurrencyOrder-book tradesBlock tradesVolume No. of Turnovertransactionsvalue(PLN thous.)Volume No. of Turnover valuetransactions(PLN thous.)58 PL0000106068 WZ0121 BS RM PLN 102 1 99 0 0 059 PL0000106670 DS1021 BS RM PLN 0 0 0 0 0 060 PL0000107264 DS1023 BS RM PLN 0 0 0 0 0 061 PL0000103529 IZ0816 BS RM PLN 0 0 0 0 0 062 PL0000105359 IZ0823 BS RM PLN 0 0 0 0 0 063 PL0000105730 OK0112 BS RM PLN 0 0 0 0 0 064 PL0000106100 OK1012 BS RM PLN 0 0 0 0 0 065 PL0000104659 PS0412 BS RM PLN 0 0 0 0 0 066 PL0000105037 PS0413 BS RM PLN 0 0 0 0 0 067 PL0000105433 PS0414 BS RM PLN 0 0 0 0 0 068 PL0000105953 PS0415 BS RM PLN 0 0 0 0 0 069 PL0000107314 PS0418 BS RM PLN 0 0 0 0 0 070 PL0000107314 PS0418 WSE RM PLN 0 0 0 0 0 071 PL0000106795 PS1016 BS RM PLN 0 0 0 0 0 072 PL0000105565 TZ0212 BS RM PLN 0 0 0 0 0 073 PL0000105995 TZ0213 BS RM PLN 0 0 0 0 0 074 PL0000106894 TZ0215 BS RM PLN 0 0 0 0 0 075 PL0000105664 TZ0512 BS RM PLN 0 0 0 0 0 076 PL0000106118 TZ0513 BS RM PLN 0 0 0 0 0 077 PL0000106555 TZ0514 BS RM PLN 0 0 0 0 0 078 PL0000105771 TZ0812 BS RM PLN 0 0 0 0 0 079 PL0000106225 TZ0813 BS RM PLN 0 0 0 0 0 080 PL0000106662 TZ0814 BS RM PLN 0 0 0 0 0 081 PL0000105904 TZ1112 BS RM PLN 0 0 0 0 0 082 PL0000106332 TZ1113 BS RM PLN 0 0 0 0 0 083 PL0000106787 TZ1114 BS RM PLN 0 0 0 0 0 084 PL0000105391 WS0429 BS RM PLN 0 0 0 0 0 085 PL0000104857 WS0437 BS RM PLN 0 0 0 0 0 086 PL0000106480 WZ0115 BS RM PLN 0 0 0 0 0 087 PL0000106936 WZ0117 BS RM PLN 0 0 0 0 0 088 PL0000104717 WZ0118 BS RM PLN 0 0 0 0 0 0337


Fact Book 2013Trading in various instruments on Catalyst in 2012 (contd.)No. ISIN Code Instrument Market CurrencyMortgage bondsOrder-book tradesBlock tradesVolume No. of Turnovertransactionsvalue(PLN thous.)Volume No. of Turnover valuetransactions(PLN thous.)1 PLRHNHP00250 BREHA17 WSE RM PLN 84 297 6 84 675 0 0 02 PLRHNHP00268 BREHA18 WSE RM PLN 27 250 3 27 418 27 250 3 27 5413 PLRHNHP00177 BREHA10 WSE RM PLN 23 000 1 23 499 23 000 1 23 6064 PLRHNHP00193 BREHA12 WSE RM PLN 10 700 2 10 986 0 0 05 PLRHNHP00235 BREHA15 WSE RM PLN 1 000 1 1 001 49 000 2 49 0286 PLBPHHP00085 PEOH204 WSE RM PLN 600 2 595 0 0 07 PLBPHHP00010 BPHLZ01 BS RM PLN 10 1 10 0 0 08 PLBPHHP00044 BPHLZ04 BS RM PLN 0 0 0 0 0 09 PLRHNHP00151 BREHA08 WSE RM PLN 0 0 0 0 0 010 PLRHNHP00151 BREHA08 BS RM PLN 0 0 0 0 0 011 PLRHNHP00169 BREHA09 WSE RM PLN 0 0 0 0 0 012 PLRHNHP00169 BREHA09 BS RM PLN 0 0 0 0 0 013 PLRHNHP00177 BREHA10 BS RM PLN 0 0 0 0 0 014 PLRHNHP00185 BREHA11 BS RM PLN 0 0 0 0 0 015 PLRHNHP00185 BREHA11 WSE RM PLN 0 0 0 0 0 016 PLRHNHP00193 BREHA12 BS RM PLN 0 0 0 0 0 017 PLRHNHP00219 BREHA13 BS RM PLN 0 0 0 0 0 018 PLRHNHP00219 BREHA13 WSE RM PLN 0 0 0 0 0 019 PLRHNHP00227 BREHA14 WSE RM PLN 0 0 0 0 0 020 PLRHNHP00227 BREHA14 BS RM PLN 0 0 0 0 0 021 PLRHNHP00235 BREHA15 BS RM PLN 0 0 0 0 0 022 PLRHNHP00243 BREHA16 WSE RM PLN 0 0 0 0 0 023 PLRHNHP00243 BREHA16 BS RM PLN 0 0 0 0 0 024 PLRHNHP00250 BREHA17 BS RM PLN 0 0 0 0 0 025 PLRHNHP00268 BREHA18 BS RM PLN 0 0 0 0 0 026 PLRHNHP00276 BREHA19 WSE RM PLN 0 0 0 0 0 027 PLRHNHP00276 BREHA19 BS RM PLN 0 0 0 0 0 028 PLRHNHP00318 BREHA20 BS RM PLN 0 0 0 0 0 029 PLRHNHP00318 BREHA20 WSE RM PLN 0 0 0 0 0 030 PLRHNHP00300 BREHE01 WSE RM EUR 0 0 0 0 0 031 PLRHNHP00300 BREHE01 BS RM EUR 0 0 0 0 0 0338


CATALYSTTrading in various instruments on Catalyst in 2012 (contd.)No. ISIN Code Instrument Market CurrencyOrder-book tradesBlock tradesVolume No. of Turnovertransactionsvalue(PLN thous.)Volume No. of Turnover valuetransactions(PLN thous.)32 PLRHNHP00144 BREHPA7 BS RM PLN 0 0 0 0 0 033 PLBPHHP00069 PEK0321 BS RM PLN 0 0 0 0 0 034 PLBPHHP00051 PEK1020 BS RM PLN 0 0 0 0 0 035 PLBPHHP00077 PEOH203 WSE RM PLN 0 0 0 0 0 036 PLBPHHP00077 PEOH203 BS RM PLN 0 0 0 0 0 037 PLBPHHP00085 PEOH204 BS RM PLN 0 0 0 0 0 038 PLBPHHP00093 PEOH205 WSE RM PLN 0 0 0 0 0 039 PLBPHHP00093 PEOH205 BS RM PLN 0 0 0 0 0 040 PLBPHHP00101 PEOH206 BS RM EUR 0 0 0 0 0 041 PLBPHHP00101 PEOH206 WSE RM EUR 0 0 0 0 0 0Public mortgage bonds1 PLRHNHP00201 BREPA05 BS RM PLN 0 0 0 0 0 02 PLRHNHP00201 BREPA05 WSE RM PLN 0 0 0 0 0 03 PLRHNHP00284 BREPA06 WSE RM PLN 0 0 0 0 0 04 PLRHNHP00284 BREPA06 BS RM PLN 0 0 0 0 0 05 PLRHNHP00292 BREPA07 BS RM PLN 0 0 0 0 0 06 PLRHNHP00292 BREPA07 WSE RM PLN 0 0 0 0 0 07 PLRHNHP00045 BREPUA1 BS RM PLN 0 0 0 0 0 08 PLRHNHP00052 BREPUA2 BS RM PLN 0 0 0 0 0 09 PLRHNHP00110 BREPUA4 BS RM PLN 0 0 0 0 0 0WSE RM – WSE Regulated MarketWSE ATS – WSE Alternative Trading SystemBS RM – BondSpot Regulated MarketBS ATS – BondSpot Alternative Trading System339


Fact Book 2013Bonds on Catalyst – key figures*2012 2011 2010 2009TotalContinuous tradingNumber of issuers at year-end 153 98 48 12Number of bonds listed at year-end 334 226 120 60Total turnover value for the year (PLN million) 1 517 1 191 1 466 1 464Average turnover per session (PLN million) 6.09 4.74 5.80 5.81Number of transactions per session 170 119 95 95Average value of transaction (PLN) 35 855 39 747 61 202 61 334Block tradesNumber of transactions (single-counted) 207 215 57 92Average value of transaction (PLN million) 6.07 5.95 4.86 27.27Total turnover value for the year (PLN million) 1 256 1 280 277 2 509Warsaw Stock ExchangeContinuous tradingNumber of issuers at year-end 135 84 41 8Number of bonds listed at year-end 291 195 109 53Total turnover value for the year (PLN million) 1 428 1 072 1 359 1 433Average turnover per session (PLN million) 5.73 4.27 5.37 5.69Number of transactions per session 169 119 94 95Average value of transaction (PLN) 33 879 35 986 57 047 60 096Block tradesNumber of transactions (single-counted) 198 180 44 20Average value of transaction (PLN million) 1.15 1.30 5.79 2.22Total turnover value for the year (PLN million) 228 234 255 44BondSpotContinuous tradingNumber of issuers at year-end 70 44 19 7Number of bonds listed at year-end 182 143 72 50Total turnover value for the year (PLN million) 89 119 108 31Average turnover per session (PLN million) 0.36 0.47 0.43 0.48Number of transactions per session (single-counted) 1 1 1 0Average value of transaction (PLN) 531 374 658 476 753 173 1 344 648Block tradesNumber of transactions (single-counted) 9 35 13 72Average value of transaction (PLN million) 114.17 29.89 1.72 34.23Total turnover value for the year (PLN million) 1 027 1 046 22 2 465*Excluding authorised bonds340


CATALYSTMortgage bonds on Catalyst – key figures2012 2011 2010 2009TotalContinuous tradingNumber of issuers at year-end 2 2 2 2Number of bond series listed at year-end 23 20 17 16Total turnover value for the year (PLN) 148 173 984 23 561 985 19 651 118 19 746Average turnover per session (PLN) 595 076 93 872 77 672 309Number of transactions per session 0 0 0 0Average value of transaction (PLN) 9 878 266 1 178 099 1 091 729 3 949Block tradesNumber of transactions 6 --- 1 ---Average value of transaction (PLN) 16 695 797 --- 30 233 100 ---Total turnover value for the year (PLN) 100 174 780 --- 30 233 100 ---Warsaw Stock ExchangeContinuous tradingNumber of issuers at year-end 2 2 1 ---Number of bond series listed at year-end 21 12 6 ---Total turnover value for the year (PLN million) 148 173 984 261 766 0 ---Average turnover per session (PLN million) 595 076 1 043 0 ---Number of transactions per session 0 0 0 ---Average value of transaction (PLN) 9 878 266 87 255 0 ---Block tradesNumber of transactions 6 --- --- ---Average value of transaction (PLN) 16 695 797 --- --- ---Total turnover value for the year (PLN) 100 174 780 --- --- ---BondSpotContinuous tradingNumber of issuers at year-end 2 2 2 2Number of bond series listed at year-end 23 20 17 16Total turnover value for the year (PLN million) 0 23 561 985 19 651 118 19 746Average turnover per session (PLN million) 0 93 872 77 672 309Number of transactions per session 0 0 0 0Average value of transaction (PLN) 0 1 178 099 1 091 729 3 949Block tradesNumber of transactions (single-counted) --- --- 1 ---Average value of transaction (PLN) --- --- 30 233 100 ---Total turnover value for the year (PLN) --- --- 30 233 100 ---341


Fact Book 2013Catalyst Trading RulesTrading Rules on WSEmarketsWithin Catalyst, an issuer of debt instruments(corporate, municipal or mortgage bonds, orother debt instruments) may choose one ofWSE’s two markets: a regulated market oran unregulated market (alternative tradingsystem, ATS). These markets differ in termsof admission criteria to be fulfilled by instruments.Trading on regulated markets is order--driven whereas non-regulated markets comprise:• order-driven market (with a market animator),or• price-driven market (with a market maker).Continuous trading as well as single-price systemwith two auctions is available on bothmarkets. Market animators, which operateon order-driven markets, stimulate tradingi.e. ensure liquidity of instruments issuedby a particular issuer. Market makers, whichoperate on price-driven markets, undertakequoting i.e. they place buy/sell orders. Marketmakers are always a party to each transaction.The choice of the market and tradingsystem is always made by the issuers, providedtheir instruments meet the respectiveadmission criteria.All debt instruments on Catalyst are currentlytraded on an order-driven market. The order--driven market rules for both WSE-operatedmarkets are identical. Session schedules forthe regulated market and for ATS are alsoidentical. Types of orders and execution prioritiesare also the same. The prices of tradedinstruments are always set with an accuracyof 0.01 percentage point, regardless of pricelevels.342


CATALYSTWSE Regulated Market (WSE RM)Session schedule (24h system)Order-driven market – continuous tradingPre-opening phase (opening call)8:00 – 9:00– orders may be submitted, modified and cancelled– transactions are not executedOpening (opening price is determined and transactions are made at theopening)9:00– order submission, modification and cancellation is suspended– transactions are executed at a price equal to the opening priceContinuous trading phase9:00 – 17:20– orders may be submitted, modified and cancelled– transactions are executedPre-closing phase (closing call)17:20 – 17:30– orders may be submitted, modified and cancelled– transactions are not executedClosing (closing price is determined and transactions are made at theclosing)17:30– order submission, modification and cancellation is suspended– transactions are executed at a price equal to the closing pricePre-opening phase (next day opening call)17:30 – 17:35– orders may be submitted, modified and cancelled– transactions are not executedOrder-driven market – single-price auction8:00 – 11:00 Pre-opening phase (opening call)– orders may be submitted, modified and cancelled– transactions are not executed11:00Opening (single price is determined and transactions are made at the opening)– order submission, modification and cancellation is suspended– transactions are executed at a price equal to the opening price11:00 – 11:30 Post-auction trading11:30 – 15:00 Pre-opening phase (opening call)– orders may be submitted, modified and cancelled– transactions are not executed15:00Opening (single price is determined and transactions are made at the opening)– order submission, modification and cancellation is suspended– transactions are executed at a price equal to the opening price15:00 – 15:30 Post-auction trading15:30 – 17:35 Pre-opening phase (next day opening call)– orders may be submitted, modified and cancelled– transactions are not executed343


Fact Book 2013Price variation limits on the regulated marketContinuous tradingInstrumentReference pricefor the openingAcceptable price variation for theopeningAcceptable price variationfor the session, in casethe opening price has beendetermined*CorporatebondsMunicipalbondsMortgagebondsClosing price±3 percentage points relative toclosing price(extendable to ±6 percentage points)±3 percentage points relativeto opening price(extendable to ±6 percentagepoints)* If no opening price has been determined at opening, the acceptable price variation limit is determinedin relation to the closing price. In continuous trading, there are additional dynamic pricevariation limits of ±2 points relative to the price of most recent transaction.Single-price auction systemInstrumentCorporate bondsMunicipal bondsMortgage bondsAcceptable price variation limit for auction±3 points relative to reference price at the most recentauction (extendable to ±6 percentage points)WSE Non-regulated market (WSE ATS)Session schedule (24h system)Order-driven market – continuous trading8:00 – 9:00 Pre-opening phase (opening call)– orders may be submitted, modified and cancelled– transactions are not executed9:00 Opening (opening price is determined and transactions are made at the opening)– order submission, modification and cancellation is suspended– transactions are executed at a price equal to the opening price9:00 – 17:20 Continuous trading phase– orders may be submitted, modified and cancelled– transactions are executed17:20 – 17:30 Pre-closing phase (closing call)– orders may be submitted, modified and cancelled– transactions are not executed17:30 Closing (closing price is determined and transactions are made at the closing)– order submission, modification and cancellation is suspended– transactions are executed at a price equal to the closing price17:30 – 17:35 Pre-opening phase (next day opening call)– orders may be submitted, modified and cancelled– transactions are not executed344


CATALYSTPrice-driven market – continuous trading9:30 – 17:10 Continuous trading phase– Market Makers submit orders (quotations)– other market members submit orders– transactions are executedOrder-driven market – single-price auction8:00 – 11:00 Pre-opening phase (opening call)– orders may be submitted, modified and cancelled– transactions are not executed11:00 Opening (single price is determined and transactions are made at the opening)– order submission, modification and cancellation is suspended– transactions are executed at a price equal to the opening price11:00 – 11:30 Post-auction trading11:30 – 15:00 Pre-opening phase (opening call)– orders may be submitted, modified and cancelled– transactions are not executed15:00 Opening (single price is determined and transactions are made at the opening)– order submission, modification and cancellation is suspended– transactions are executed at a price equal to the opening price15:00 – 15:30 Post-auction trading15:30 – 17:35 Pre-opening phase (next day opening call)– orders may be submitted, modified and cancelled– transactions are not executedPrice variation limits on the non-regulated marketContinuous tradingInstrumentCorporate bondsMunicipal bondsMortgage bondsReference pricefor the openingClosing priceAcceptable price variationfor the opening±3 percentage points relativeto closing price(extendable to ±6 percentagepoints)Acceptable price variation forthe session, in casethe opening pricehas been determined*±3 percentage points relativeto opening price(extendable to ±6 percentagepoints)* If no opening price has been determined at opening, the acceptable price variation limit is determinedin relation to the closing price.Single-price auction systemInstrumentCorporate bondsMunicipal bondsMortgage bondsAcceptable price variation limit for auction±3 points relative to reference price at the most recentauction (extendable to ±6 percentage points)345


Fact Book 2013Starting from 15 April 2013, the following abbreviated session schedule will be applied. Theschedule is temporary and will be in place until the end of 2013.WSE Regulated market (WSE RM)and WSE Non-regulated market (WSE ATS)Continuous trading8:30 – 9:00 Pre-opening phase (opening call)9:00 Opening (opening price is determined)9:00 – 16:50 Continuous trading phase16:50 – 17:00 Pre-closing phase (closing call)17:00 Closing (closing price is determined)17:00 – 17:05 Pre-opening phase (next day opening call)Single-price auction8:30 – 11:00 Pre-opening phase (opening call)11:00 Opening (opening price is determined and transactions are made at the opening)11:00 – 11:30 Post-auction trading11:30 – 15:00 Pre-opening phase (next opening call)15:00 Opening (opening price is determined and transactions are made at the opening)15:00 – 15:30 Post-auction trading15:30 – 17:05 Pre-opening phase (next opening call)346


CATALYSTBondSpot Trading RulesBondSpot operates two markets within theCATALYST system: a regulated non-exchangemarket and an Alternative Trading System(ATS). The minimum nominal value of an issue,equalling PLN 5 million, is the key admissioncriterion for those markets.The trading rules for both BondSpot-operatedmarkets are the same. Trading takes place withina continuous trading system. Additionally,block trades can be executed and deals canbe struck for the best bid under a negotiatedtrade (RFQ), and an inquiry may be sent to aselected market participant.By definition, both BondSpot-operated marketsare wholesale markets, i.e. bids can beplaced only if they reach or exceed a minimumthreshold of PLN 100,000 (nominal value).However, given the market history beforethe arrival of Catalyst, retail instrumentsare also traded and the minimum thresholdof PLN 100,000 does not apply to them. Theprice of debt instruments in bids and tradesis defined as a percentage of their nominalvalue, expressed in PLN or in another convertiblecurrency specified by BondSpot S.A.Tick sizes are the same for both markets anddepend on the nominal value of the instrumentconcerned.For instruments with a nominal value of:• under PLN 100 – tick sizes are presentedwith an accuracy of 0.1 points,• at least PLN 100 but under PLN 10,000 –tick sizes are presented with an accuracyof 0.01 points,• at least PLN 10,000 or higher – tick sizesare presented with an accuracy of 0.0001points.No price variation limits apply to either ofthe two markets. Bids placed on these marketsare valid until the end of the trading dayand are removed from the system at the endof the trading day. Customers can place orderswith a longer execution period providedthat the market participant concernedcommits to placing such bids repeatedly asper their customers’ orders up until executionor expiry of such orders.Additional conditions can be specified forbids.• WAN (all or none) – bids must be executedin full,• RBZ – bids are executed either in part orin full; the part which has not been executedis removed from the market.Trading schedules for the regulated marketand ATS are identical. Types of orders andexecution priorities are the same.Regulated and non-regulated BondSpot market (BS RM andBS ATS)*Trading day schedule (24h system)8:30 – 9:00 Animators’ bids9:00 – 17:30 Continuous trading8:30 – 15:00 Block trades17:30Closing– bids from market animators may be placed or removed– transactions are not executed– bids from any types of participants may be placedor removed– transactions are executed automatically– information on block trade terms may be placedor removed– transactions are confirmed by market supervision– bids become invalid and are removed from markets– transactions are not executed* Starting from 15 April 2013, sessions on BondSpot-operated markets will begin at 9:00 and end at 17:00. Thischange of schedule is temporary.347


Fact Book 2013Listing on CatalystFrom an issuer’s perspective, the differencesbetween Catalyst segments primarilyconsist in differences regarding admission(listing) criteria and the scope of mandatorydisclosures.Catalyst listing for debt instruments maytake two forms:• introducing an issue to trading on eithera regulated market or within an alternativetrading system, or• obtaining a Catalyst authorisation.Admission/listing on CatalystIssuers who wish to have their instrumentstraded on a Catalyst regulated market arerequired to prepare a prospectus and haveit approved by the PFSA. However, this requirementdoes not apply to local governments:they are not required to prepare aprospectus even for a public offering but, instead,they issue a document with essentialinformation about the issue and the issuer (aso-called ‘information document’). An informationdocument must also be prepared forinstruments to be traded within an ATS. Rulespertaining to such documents have beendefined in Annex 1 to the WSE ATS Rulesand Annex 1 to the BondSpot ATS Rules.AuthorisationAuthorisation means that an issue is registeredwithin the Catalyst information systemand the issuer needs to adhere to the currentand periodic mandatory disclosures definedin Annex 1 to the Catalyst Rules. Whileauthorisation is not equivalent to a regulatedmarket admission, it nevertheless offersa number of benefits for the issuer such as,e.g., a marketing effect, greater credibilityand higher awareness on the financial market.In order to obtain authorisation, issuersare required to submit an application withattachments. The only attachment whichmust be prepared specifically for this purposeis the so-called ‘report on the issuer’i.e. a short summary of key data about theissuer and the issue.Issuers who have their instruments listedon one of the equities markets operated bythe WSE can take advantage of a ‘fast trackprocedure’ to launch their debt instrumentsin an alternative trading system. Instead ofpreparing an information document, suchcompanies are only required to draw up aninformation sheet with essential data aboutthe issue. Companies which are already listedon the regulated market are only requiredto publish their current report regardingthe issue of debt instruments. The contentof such reports, defined in the relevant FinanceMinister’s ordinance, is identical withthat of the information sheet.348


CATALYSTCatalyst ParticipantsOnly organisations which have been officiallyadmitted may engage in direct operationson the Catalyst debt market. According tothe existing regulations, the following maybecome Catalyst participants: an investmentcompany, a foreign investment company, acredit institution or another entity which meetsthe requirements defined in the relevantlegislation and can guarantee correct performanceof duties related to the Catalyst marketoperations.Organisations admitted to Catalyst operationsmay trade in all debt instruments admittedto/introduced on Catalyst, on their ownaccount or on their customers’ account.Organisations which are WSE members,members or participants of the regulatednon-exchange BondSpot market or participantsof Treasury BondSpot Poland may beadmitted to operations on one of the Catalystmarkets, excluding admittance to operationson the WSE regulated market, upon notificationof their intent to operate on that market.The intended scope of operations shouldcorrespond with the organisation’s previousscope of operations.Admission to operations on a Catalyst regulatedmarket (WSE or BondSpot regulatednon-exchange market) is a prerequisite foradmission to operations within the Catalystalternative trading systems (ATS). Admissionto operations on the WSE ATS is a prerequisitefor admission to operations on theBondSpot ATS. Admission to operations onthe WSE regulated market is a prerequisitefor admission to operations on the BondSpotregulated non-exchange market.Specific terms of admittance to operationsfor each market, as well as documents andinformation to be submitted by applicantsare laid down in the rules pertaining to eachrespective market and in other applicable regulations.Market Animators on Catalyst ATSIn line with the ATS Rules, debt instrumentslisted in the Catalyst ATS segment mustbe backed by a Market Animator who hasmade a valid commitment to perform thisrole for them. At the end of December 2012a total of 12 Market Animators were activeon Catalyst.Market animators on Catalyst(as of 31 December 2012):Powszechna Kasa OszczędnościBank Polski SANOBLE Securities SACopernicus Securities SADom Maklerski BDM SADom Maklerski IDM SADom Maklerski BZ WBK SADom Maklerski AmerBrokers SADom Maklerski Banku BPS SADom Maklerski BOŚ SANWAI Dom Maklerski SAOpera Dom Maklerski Sp. z o.o.ALIOR Bank SA349


Fact Book 2013List of CATALYST participants in 2012No. Name of Catalyst participant WSEregulatedmarketBondSpotregulatedmarket1 ALIOR BANK SA ✔ ✔2 BANK BPH SA ✔ ✔ ✔3 BANK DNB NORD POLSKA SA ✔ ✔Alternative AlternativeTrading Trading SystemSystem operated byoperated by BondSpotthe WSE4 BANK GOSPODARKI ŻYWNOŚCIOWEJ SA ✔ ✔ ✔ ✔5 BANK POLSKA KASA OPIEKI SA (PEKAO) ✔ ✔ ✔ ✔6 DOM MAKLERSKI BDM SA ✔ ✔7 CENTRALNY DOM MAKLERSKI PEKAO SA ✔ ✔ ✔ ✔8 COPERNICUS SECURITIES SA ✔ ✔ ✔ ✔9 DB SECURITIES SA ✔ ✔10 DOM INWESTYCYJNY BRE BANKU SA ✔ ✔ ✔ ✔11 DOM MAKLERSKI AMERBROKERS SA ✔ ✔12 DOM MAKLERSKI BANKU BPS SA ✔ ✔13 DOM MAKLERSKI BANKU HANDLOWEGO SA ✔ ✔ ✔ ✔14 DOM MAKLERSKI BOŚ SA ✔ ✔ ✔ ✔15 DOM MAKLERSKI BZ WBK SA ✔ ✔ ✔ ✔16 DOM MAKLERSKI IDM SA ✔ ✔17 TRIGON DOM MAKLERSKI SA ✔ ✔ ✔18 ERSTE SECURITIES POLSKA SA ✔ ✔ ✔ ✔19 ING SECURITIES SA ✔ ✔ ✔ ✔20 IPOPEMA SECURITIES SA ✔ ✔21 MILLENNIUM DOM MAKLERSKI SA ✔ ✔ ✔ ✔22 NOBLE SECURITIES S,A. ✔ ✔23 OPERA DOM MAKLERSKI SP.ZO.O. ✔ ✔ ✔24POWSZECHNA KASA OSZCZĘDNOŚCIBANK POLSKI SA (PKO BP)✔ ✔ ✔ ✔25 UNICREDIT CAIB POLAND SA ✔ ✔ ✔ ✔26 X-TRADE BROKERS DOM MAKLERSKI S.A. ✔ ✔27KBC SECURITIES N.V. (SPÓŁKAAKCYJNA) ODDZIAŁ W POLSCE✔✔28BANCO ESPIRITO SANTODE INVESTIMENTO SAODDZIAŁ W POLSCE✔29 CONCORDE SECURITIES LTD ✔30WOOD & COMPANY FINANCIALSERVICES AS.✔✔350


CATALYSTList of CATALYST participants in 2012 (contd.)No. Name of Catalyst participant WSEregulatedmarket31 RAIFFEISEN CENTROBANK AG ✔BondSpotregulatedmarket32 RAIFFEISEN BANK POLSKA SA ✔ ✔ ✔33CREDIT SUISSE SECURITIES(EUROPE) LTD.✔34 JP MORGAN SECURITIES PLC ✔ ✔35 UNICREDIT BANK AG ✔Alternative AlternativeTrading Trading SystemSystem operated byoperated by BondSpotthe WSE36 SOCIETE GENERALE S.A. ✔ ✔*) ✔*)37 HSBC BANK PLC ✔38 CYRRUS, A.S. ✔39 NEONET SECURITIES AB ✔40 FIO BANKA AS ✔41 GOLDMAN SACHS INTERNATIONAL ✔42 MERILL LYNCH INTERNATIONAL ✔43 LIQUIDNET EUROPE LIMITED ✔44 UBS EUROPE LIMITED ✔45 NOMURA INTERNATIONAL plc ✔46RENAISSANCE SECURITIES(CYPRUS) LIMITED✔47 IP INTERCAPITAL MARKETS AD ✔48 EQUILOR INVESTMENT LTD. ✔49 DRAGON CAPITAL (CYPRUS) LTD. ✔50 NWAI DOM MAKLERSKI S.A. ✔ ✔ ✔ ✔51MORGAN STANLEY & COINTERNATIONAL PLC✔52 BNP PARIBAS ARBITRAGE SNC ✔53 UAB FMI ORION SECURITIES ✔54 BT SECURITIES SA ✔55 VTB CAPITAL PLC ✔56 SIB (CYPRUS) LIMITED ✔57 CARPATICA INVEST S.A. ✔58 DOM INWESTYCYJNY XELION SP. Z O.O. ✔59 WEDBUSH EUROPE LTD. ✔TOTAL 61 16 29 15*) Societe Generale SA operates on BondSpot markets through Societe Generale SA Oddział w Polsce.351


Fact Book 2013Catalyst participants’ shares in trading on WSE-operated markets in 2012No. Catalyst participant Bonds Mortgage bondsContinuous trading Block trades Continuous trading Block trades(PLN million) (%) (PLN million) (%) (PLN million) (%) (PLN million) (%)1 PKO BP 641.91 22.48 46 10.10 1 0.34 --- ---2 DM BH 435.12 15.24 1 0.28 --- --- --- ---3 DM BZ WBK 406.92 14.25 5 1.12 13 4.39 --- ---4 CDM PEKAO 195.22 6.84 0 0.08 --- --- --- ---5 MILL DM 168.25 5.89 8 1.71 23.04 7.776 DI BRE Banku 145.92 5.11 93 20.46 209.1 70.56 200.35 1007 DM BPS 129.58 4.54 28 6.09 --- --- --- ---8 IDMSA 118.00 4.13 38.42 8.42 --- --- --- ---9 NOBLE 88.60 3.10 36 7.95 --- --- --- ---10 ING SECUR 80.34 2.81 2 0.39 --- --- --- ---11 ERSTE 62.89 2.20 --- --- --- --- --- ---12 DM BOŚ SA 46.79 1.64 23 4.98 --- --- --- ---13 COPERNICUS 44.69 1.57 123 26.88 --- --- --- ---14 DB SECUR. 44.45 1.56 1.16 0.25 --- --- --- ---15 BDM SA 37.73 1.32 0 0.05 --- --- --- ---16 ALIOR BM 36.85 1.29 1 0.21 --- --- --- ---17 KBC SECURITIES 34.97 1.22 13 2.82 --- --- --- ---18 AMERBROKERS 25.36 0.89 9 1.91 9.99 3.37 --- ---19 IPOPEMA 23.30 0.82 13 2.78 40.22 13.57 --- ---20 TRIGON 19.07 0.67 2 0.42 --- --- --- ---21 DM PEKAO 18.60 0.65 --- --- --- --- --- ---22 BGŻ SA 11.66 0.41 --- --- --- --- --- ---23 UNICRCAIB 10.05 0.35 --- --- --- --- --- ---24 XTB 8.94 0.31 --- --- --- --- --- ---25 DNB NORD 8.77 0.31 0 0.05 --- --- --- ---26 BPH 4.76 0.17 --- --- --- --- --- ---27 NWAI DM 4.38 0.15 2 0.47 --- --- --- ---28 RAIFFEISEN BANK POLSKA 1.04 0.04 --- --- --- --- --- ---29 OPERA 0.49 0.02 12 2.59 --- --- --- ---30 WOOD 0.40 0.01 --- --- --- --- --- ---31 XELION 0.01 0.00 --- --- --- --- --- ---TOTAL 2 855.00 100.00 456.21 100.00 296.35 100.00 200.35 100.00352


CATALYSTCatalyst participants’ shares in trading on BondSpot-operated markets in 2012No. Catalyst participant Turnover value (PLN million) Share (%)1 UniCredit CAIB Poland S.A. 2 103.00 94.082 Dom Maklerski Banku Handlowego S.A. 35.56 1.593 Centralny Dom Maklerski PEKAO S.A. 28.30 1.274 Powszechna Kasa Oszczędności Bank Polski S.A. 19.56 0.885 Dom Maklerski BZ WBK S.A. 13.48 0.606 Copernicus Securities S.A. 13.38 0.607 Dom Maklerski Millennium S.A. 11.86 0.538 Opera Dom Maklerski Sp z o.o. 8.04 0.369 ING Securities Polska S.A. w Warszawie 1.24 0.0610 Dom Maklerski Banku Ochrony Środowiska S.A. 0.41 0.0211 ERSTE Securities Polska S.A. 0.40 0.0212 Bank PEKAO S.A. Biuro Maklerskie 0.21 0.0113 Banco Espirito Santo de Investimento S.A. 0.00 0.0014 Bank Gospodarki Żywnościowej S.A. 0.00 0.0015 Biuro Maklerskie Banku BPH S.A. 0.00 0.0016 Bank PEKAO S.A. 0.00 0.0017 Raiffeisen Bank Polska S.A. 0.00 0.0018 Dom Inwestycyjny BRE Bank S.A. 0.00 0.0019 Societe Generale S.A. Oddział w Polsce 0.00 0.0020 NWAI DM S.A. 0.00 0.0021 TRIGON DM S.A. 0.00 0.0022 NOBLE SECURITIES S.A. 0.00 0.00TOTAL 2 235.44 100.00353


Fact Book 2013Authorised Advisers on CatalystAuthorized Advisers on Catalyst includeadvisory companies (investment companies,law firms, audit companies or financialconsultancies) which have capital marketexpertise as well as experience in supportingissues of debt instruments, whethercorporate, municipal or co-operative. As isthe case with NewConnect, each advisorycompany authorised by the WSE is required,starting from 2012, to employ at leasttwo holders of the Alternative Trading SystemAdviser Certificate. In contrast withNewConnect, an issuer of bonds on Catalysthas no obligation to employ an AuthorisedAdviser. However, qualified support froman experienced adviser is recommendable,and sometimes essential. As at the end of2012, a total of 59 entities were registeredas Catalyst Authorised Advisers.The list of Authorised Advisers can be foundon page 276.The Catalyst Strategic Partner ProgrammeThe aim of the Catalyst Strategic PartnerProgramme is to join efforts undertaken bythe WSE and its business partners in promotinginvestment opportunities connectedwith Catalyst and to take steps aimed at attractingnew issuers of debt instruments, i.e.companies and local governments interestedin obtaining a Catalyst authorization or in introducingtheir debt instruments to trading.Partners receive the Catalyst Strategic Partnertitle, confirmed with a certificate.At the end of December 2012 the followingorganisations held the Catalyst Strategic Partnertitle:• Raiffeisen Bank Polska S.A.,• Powszechna Kasa Oszczędności BankPolski S.A.,• Dom Maklerski Banku BPS S.A.354


CATALYSTMandatory Disclosures for Catalyst IssuersAll Catalyst issuers are subject to mandatorydisclosures. The scope of disclosuresvaries depending on the issuer status andthe status of the market where the issuer’sinstruments are listed. The least stringentdisclosure requirements are imposed on issuerswho have decided to obtain only anauthorization for their issues.Current and periodic submissions for issuersof instruments admitted to alternativetrading systems are regulated by:• Annex 4 to the WSE ATS Rules, and• Annex 3 to the BondSpot ATS Rules.Under mandatory disclosures local governmentsare required to submit current updatesand periodic information, i.e. a budgetperformance report accompanied by an opinionfrom a regional audit board, whereasother issuers are required to submit currentupdates as well as semi-annual and annualreports. Catalyst issuers whose shares havebeen brought to alternative trading on New-Connect or admitted to trading on a regulatedmarket, must comply with disclosurerequirements stipulated in regulations of therespective markets.Distribution of Catalyst InformationAs is the case with the WSE Main List andNewConnect, Catalyst information is distributedby professional vendors which receivemarket data under a contract signedwith the WSE. All exchange data vendorsprovide their customers with data fromWSE-operated Catalyst markets. Data fromBondSpot-operated markets are made availableto Reuters, Bloomberg, SIX Telekurs,PAP, BM Raiffeisen Polska, Onet, Interia,Wirtualna Polska, Presspublica and NotoriaSerwis.Catalyst information is publicly accessiblefrom www.gpwcatalyst.pl, a WSE-operatedwebsite.355


Fact Book 2013List of Catalyst Issuers (end of 2012) Issuers of municipalbondsBrzeskowww.brzesko.plChełmwww.chelm.plKonopiskawww.konopiska.plKórnikwww.kornik.plOświęcimwww.um.oswiecim.plPołczyn Zdrójwww.polczyn-zdroj.plPowiat jarosławskiwww.starostwo.jarosław.plRadlinwww.radlin.plRybnikwww.rybnik.plTczewwww.tczew.plTurekwww.miastoturek.plUstronie Morskiewww.ustronie-morskie.plWarszawawww.um.warszawa.plWodzisław Śląskiwww.wodzislaw-slaski.plZamośćwww.zamosc.um.gov.plZąbkiwww.zabki.pl Issuers of corporatebondsAdmiral Boatswww.admiral-boats.comAOW Faktoringwww.aow.com.plARCHICOMwww.archicom.plBank Gospodarstwa Krajowegowww.bgk.com.plBank Ochrony ŚrodowiskaS.A.www.bosbank.plBank Pocztowy S.A.www.pocztowy.plBBI Development NFIwww.bbidevelopment.plBBI Zeneris NFI S.A.www.bbizeneris.plBEST S.A.www.best.com.plBEST II NS FIZwww.tfibest.com.plBEST III NS FIZwww.tfibest.com.plBLACK Lion NFI S.A.www.blacklion.com.plBUDOSTAL-5 S.A.www.budostal5.com.plCDRL S.A.www.cdrl.plElectus S.A.www.electus.plErbud S.A.www.erbud.plEuropejski Fundusz Hipotecznywww.efh.com.plEuropejski Bank Inwestycyjnywww.eib.orgFAST FINANCE S.A.www.fastfinance.plFERRATUM CAPITAL PO-LAND S.A.FERRO S.A.www.ferro.plGANT Developmentwww.gant.plGetin Noble Bank S.A.www.getinnoblebank.plGhelamco Investwww.ghelamco.beIIF S.A.www.iif.plIPF INVESTMENT POLSKAwww.ipf.org.ukKredyt Inkaso S.A.www.kredytinkaso.plKRUK S.A.www.kruksa.plLC Corp S.A.www.lcc.plMAK DOMwww.makdom.plMARVIPOL S.A.www.marvipol.plMCI Managementwww.mci.plMera S.A.www.mera.pl356


CATALYSTMEW S.A.www.mew.plMo-BRUK S.A.www.mobruk.plMultimedia Polska S.A.www.multimedia.plNAVI GROUP S.A.www.navi-group.saNFI Magna Polonia S.A.www.magnapolonia.com.plORGANIKAwww.organika.plORZEŁ S.A.www.orzelsa.com; www.salon-opon.comOSHEE POLSKAwww.oshee.euPCC Rokita S.A.www.pcc.rokita.plPCZ S.A.www.pczsa.plPKO Finance ABwww.POLKOMTEL FINANCE AB(PUBL)www.polkomtel.comPOLSPORT GROUPwww.pol-sport.comPragma Factoring S.A.www.pragmafactoring.plPRAGMA INKASO S.A.www.pragmainkaso.plPRIME CAR MANAGE-MENTwww.masterlease.plRANK PROGRESS S.A.www.rankprogress.plREMEDISwww.remedis.euROBYGwww.robyg.plRODAN SYSTEMS S.P.www.rodan.plRUBICON PARTNERS NFIwww.ronson.plRONSON EUROPEwww.rubiconpartners.plScan Developmentwww.scandevelopment.plSCO-PAK S.A.www.scopak.com.plSiódemkawww.siodemka.comSOLVECOwww.solveco.plTRAKCJA-Tiltra S.A.www.trakcja.comTrust S.A.www.trust.plVEDIA S.A.www.vedia.plWarimpex Finanz- undBeteiligungs AGwww.warimpex.atWidok Energia S.A.www.widokenergia.plWidok Energia Sp. z o.o.www.widokenergia.plWIKANA S.A.www.wikana.plZPS KRZĘTLEwww.krzetle.pl Issuers of co-operativebondsBPS Warszawawww.bankbps.plBS-SK Bank Wołominwww.sbrzr.plBS Biała Rawskawww.bsbr.plBS Limanowawww.bs.limanowa.plBS Ostrów Mazowieckawww.bsostowmaz.plBS Piasecznowww.bspiaseczno.plBS Płońskwww.bsplonsk.plBS Skierniewicewww.bsskierniewice.plBS-BBS Darłowowww.bbsdarlowo.plBS-ESBANKwww.esbank.plBS-GBS BANK BARLINEKwww.gbsbank.plBS-HEXABANKwww.hexabank.plBS-KBS Krakówwww.kbsbank.com.plBS-MBS Łomiankiwww.mbsbank.plBS-OK BANK Knurówwww.okbank.plBS-PBS Ciechanówwww.pbsciechanow.plBS-PBS Sanokwww.pbsbank.plBS-PMBS Zabłudówwww.pmbank.plBS-SBR Szepietowowww.sbrbank.plBS-WBS BANK WARSZA-WAwww.bank-wbs.pl Issuers of mortgagebondsPEKAO Bank Hipotecznywww.pekaobh.plBRE Bank Hipotecznywww.rhb.com.pl Issuers of public mortgagebondsBRE Bank Hipotecznywww.brehipoteczny.pl Issuers of treasury bondsMinisterstwo Skarbu Państwawww.msp.gov.pl357


WSE Energy Market


POEEWSE Energy Market in 2012In 2012 the WSE Energy Market (WSE EM)enabled trading in electricity on the Daily--Hourly Electricity Market (WSE ELM) andtrading in energy-related derivative productson the Electricity Futures Market (WSEELFM).The WSE ELM offered an opportunity toeffect ongoing purchase and sale of electricitywith execution within a short, four-daytimeframe. The main driver was the singleprice system (SPS) combined with a continuoustrading system. Participants were offereda broad range of products within eachtrading system, comprising standard hourlyproducts as well as standard block productssuch as peak and base.The WSE ELFM enabled transactions instandard energy futures for periods suchas weeks, quarters, months and years inhourly blocks such as base, peak and off--peak, under the continuous trading system,auctions organised by the WSE or upon aparticipant’s request. Settlement of WSEELFM transactions could be effected notonly with a pre-defined price limit but alsoat prices set daily on the basis of poDeeK indicesgenerated on WSE ELM or prices setduring the morning trading within the SPSon WSE ELM.The settlement and clearing of WSE EM transactionswas effected by the Exchange ClearingHouse of the National Depositary forSecurities. The WSE Energy Market was aplace where transactions could be conductedby all categories of energy market participants,i.e. producers, trading companiesand end users.Turnover on the WSE Energy Market in2012In 2012 the turnover on each of the energymarkets reached the following figures:• WSE ELM – 2,216,660 MWh,• WSE ELFM – 5,204,784 MWh.The turnover values for each month of theyear are given on the chart below.*As of 1 April 2013, the WSE will discontinue to organise trading in commodities, and thisfunction will be transferred to the TGE (Polish Power Exchange), part of the WSE Group.359


Fact Book 2013Wolumen obrotów na REK GPW i RTE GPW w 2012 r.Turnover volume on WSE ELM and WSE ELFM in 2012 (MWh)5 000 0004 000 000ELFMELM3 000 0002 000 0001 000 00001 2 3 4 5 6 7 8 9 10 11 12Market ParticipantsAt the end of December 2012, a total of 30organisations, including two brokerage houses,were authorised to operate on the WSEEnergy Market. Additionally, 16 other organisationswere active on that new market viabrokerage houses.List of WSE Energy Market participants,as of 31 December 2012:1. Alpiq Energy SE2. Dom Maklerski BOŚ S.A.3. EDF Energia Sp. z o.o.4. EDF TRADING LIMITED5. ELEKTRIM - VOLT S.A.6. Elektrownia Pątnów II Sp. z o.o.7. Elektrownia Połaniec S.A.– Grupa GDF SUEZ Energia Polska8. ENEA Trading Sp. z o. o.9. ENEA Wytwarzanie S.A.10. Energa-Obrót S.A.11. EXEN s.r.o.12. Ezpada s.r.o.13. FITEN S.A.14. Ideon S.A.15. Inter Energia S.A.16. KOPEX S.A.17. MEM METRO Group EnergyProduction& Management Sp. z o.o.18. Mercuria Energy Trading Sp. z o.o.19. NOBLE Securities S.A.20. PGE GiEK SA - Oddział Elektrownia Opole21. PGE Górnictwo i EnergetykaKonwencjonalna S.A.22. PGE Polska Grupa Energetyczna S.A.23. PKP Energetyka S.A.24. Polska Energia - Pierwsza KompaniaHandlowa Sp. z o.o.25. RWE Polska S.A.26. Slovenske Elektrarne a.s. S.A.Oddział w Polsce27. TAURON Polska Energia S.A.28. Vattenfall Energy Trading Sp. z o.o.29. Zespół Elektrowni Pątnów-Adamów-KoninS.A.30. ZOMAR S.A.360


Warsaw Stock ExchangeThe History of the Warsaw Stock Exchange1991-2012The first stock exchange in Poland was openedin Warsaw on 12 May 1817 under thename of the ‘Mercantile Exchange’. The firsttrading session took place on 16 May 1817.Sessions were held between noon and1:00 p.m. In the 19th century, the Exchangetraded primarily in bills of exchange andbonds. Equity trading grew in importance inthe second half of the 19th century.In the twenty years between the two WorldWars, exchanges in Poland operated undera presidential executive order concerningthe organisation of exchanges.Apart from Warsaw, stock exchanges alsooperated in Katowice, Kraków, Lviv, Łódź,Poznań and Vilnius.Paradoxically, the interruption in exchangeoperations in Warsaw as a result of WorldWar II and then the transition to the communisteconomic system enabled Poland tocreate a modern stock exchange which leveragesbest practices and state-of-the-art solutionsof developed European exchanges.199016 OctoberPoland and France signed a co-operation agreementto open a securities exchange in Warsaw199112 AprilFoundation Act for Giełda PapierówWartościowych w Warszawie SA (The WarsawStock Exchange Company) signed16 AprilFirst trading session; listed companies: Tonsil,Próchnik, Krosno, Kable and Exbud; tradingsessions held once a week16 JulyAdditional specialist’s offer (post-auction trading)introduced1 AugustComputerised settlement system introduced3 SeptemberFirst issue of the Ceduła, the WSE’s official dailybulletin3 DecemberWSE accepted as a correspondent member ofthe World Federation of Exchanges (formerlyFIBV)19929 JanuarySecond weekly trading session introduced28 JanuaryFirst exchange terminals installed at WSE members’offices23 AprilFirst trading session supported by an IBMAS/400-based system15 JuneT-bonds first quoted under continuous tradingsystem1 SeptemberT-bonds first quoted under single-price tradingsystem19934 JanuaryThird weekly trading session introduced22 AprilWSE parallel market launched1 MaySettlement cycle changed from T+5 to T+39 JuneFirst share split performed5 JulyPost-auction trading computerized; order placementvia Exchange terminals enabled15 JulyFirst dissemination of trading results via Teletext199410 FebruaryFirst quotation of pre-emptive rights associatedwith listed shares1 MarchFirst allocation of new shares via public subscription16 AprilWIG20 price index introduced361


Fact Book 20131 JulyFourth weekly trading session introduced3 OctoberFifth weekly trading session introduced10 OctoberWSE accepted as member of World Federationof Exchanges (WFE)7 NovemberThe National Depository for Securities establishedas a separate entity19953 JanuaryWIRR (parallel market index) introduced25 JanuaryFirst meeting of Coordinating Committee for theNew Trading System20 AprilContinuous trading first supported with IBMAS/400 and Exchange terminals17 MayFirst public invitation to sell WSE-listed shares18 DecemberCrossing phase introduced to post-auction trading19966 MayWSE’s capitalisation reaches PLN 20 billion8 JulyShares of first five companies introduced tocontinuous trading15 JulyNIF (National Investment Funds) certificates introducedto single-price auction system12 AugustNIF certificates introduced to continuous trading1 OctoberCommercial real-time WSE data distributionsystem launched20 DecemberInvitations to tender for supply of new tradingsystem sent out19973 FebruaryWIG20 index first published during continuoustrading; 1,000th trading session on the WSE20 FebruaryFirst company (Elpo) listed on free market21 May100th company listed on WSEMayNumber of investment accounts exceed 1 million12 JuneFirst quotation of shares in fifteen National InvestmentFunds (NIF)10 JulyMarket capitalisation reaches PLN 40 billion199816 JanuaryDerivatives market launched, WIG20 futures introduced9 MarchFirst warrants introduced to trading4 AugustFirst quotation of rights to shares (BRE shares)15 SeptemberWSE accepted as an affiliate member of IOSCO(International Organization of Securities Commissions)21 SeptemberValues of MIDWIG (mid-cap index) first published25 SeptemberUSD futures introduced to trading28 DecemberLast quotation of NIF certificates199926 MarchWSE sectoral subindices first announcedMayFirst ‘Exchange Schools’ for novice investorslaunched (organised by the WSE)31 MayEUR futures introduced to trading4 JuneWSE becomes associate member of FESE (Federationof European Securities Exchanges)11 JuneWSE’s capitalisation exceeds PLN 100 billionJulyWSE signed two memoranda of understanding(on cooperation and information exchange):with the London Stock Exchange (12 July) andthe Paris Bourse (16 July)2000FebruaryReal-time WSE data first available via vendorsonline5 AprilCorporate bonds first quoted on the WSE (issuer:Clif SA)28 AprilInnovative Technologies Segment (Si-Tech) established19 MayTechWIG index introduced for the WSE SiTech25 MayFirst investment certificates introduced to trading362


Warsaw Stock Exchange8 JuneNew WSE headquarters (Exchange Centre) officiallyopened1 AugustTechWIG futures introduced to trading17 NovemberNew Warsaw Stock Exchange Trading System(WARSET) introduced200122 JanuaryFirst equity futures introduced to trading onshares of TPSA, ELEKTRIM, PKN ORLEN7 February2000th trading session on the WSE9 AugustMemorandum of Co-operation signed betweenthe WSE and the National Stock Exchange ofLithuania22 OctoberFutures based on shares of another five companiesintroduced to trading: AGORA, KGHM,PEKAO, BRE and PROKOM26 NovemberIndex participation units based on the WIG20index (MiniWIG20) introduced to trading20028 FebruaryWSE signed cross-membership and cross-accessagreement with Euronext18 FebruaryMIDWIG futures first quoted on the WSE25 AprilConvertible bonds (company: ComArch) firstquoted on the WSESeptemberThe WSE’s Supervisory Board and ManagementBoard adopted resolutions on introducingBest Practices in Public Companies (CorporateGovernance)20031 SeptemberPost-auction trading phase introduced at theend of continuous trading22 SeptemberWIG20 options introduced14 OctoberFirst foreign issuer debut on the WSE: BankAustria Creditanstalt AG22 DecemberWIG-PL (domestic companies index) first published20041 MayNew division of WSE markets: the main (regulatedofficial) market and parallel (regulated unofficial)market3 JuneWSE accepted as a full member of FESE (Federationof European Securities Exchanges)15 DecemberBest Practices in Public Companies 2005 adoptedby the WSE’s Supervisory Board and ManagementBoard200514 FebruaryT-bonds futures introduced to trading11 JulyFirst remote member of the WSE starts operations(Fischer Partners Fondkommission AB)17 OctoberShare options for shares of five companies introduced25 NovemberShareholders Forum – first forum for individualinvestors200623 FebruaryDynamic price ranges introduced as an additionalmechanism to curb price variations17 AugustFirst company from Eastern markets debutedon the WSE: Astarta Holding N.V. from Ukraine1 SeptemberNew ticks introduced25 AugustStructured products introduced to trading (issuer:Deutsche Bank AG London)16 OctoberBlock trades in derivatives enabled25 OctoberWSE welcomed the debut of CEZ, the largestcompany in Central and Eastern Europe (as ofdebut day)15 NovemberContract with the first WSE IPO Partner signed:E-volution Capital, a brokerage house fromKiev, Ukraine200718–19 JanuaryThe first edition of the Central & Eastern EuropeanMarket Forum took place. This eventis intended for investors, companies andother institutions associated with the stockmarket. Meetings with specialists and companiesas well as public debates with Polish363


Fact Book 2013and foreign experts are organised within theCEE Forum5 FebruaryAll sectoral subindices were denominated at a10:1 ratio16 MarchNew rules for computing and qualifying companiesto indices came into force. The previousMIDWIG index was replaced by the mWIG40,and the WIRR superseded by the sWIG80. Theportfolios of the WIG20, the mWIG40 and thesWIG80 are defined on the basis of a singleranking list of companies based on trading volumein the past 12 months and market value1 AprilSegmentation of listed companies was modifiedand three segments of equities were introduced:5 PLUS, 50 PLUS and 250 PLUS. Thesegment labelled 5 PLUS includes shares incompanies with a capitalisation of under EUR50 million; 50 PLUS covers companies with acapitalisation between EUR 50 and 250 millionwhereas capitalisation of over EUR 250 millionputs companies into the segment called 250PLUS9 MayA new online service, designed by the WSEand the Polish Press Agency, was launched atww.WSEInfoSpace.eu. It is a business news sitewith information on Polish and foreign companieslisted on the WSE, providing news frommarkets in Central and Eastern Europe. Thesite is fully accessible to the public and free ofcharge, with information available in two languageversions (Polish and English).30 AugustNewConnect, a new market, organised and operatedby the WSE, was launched. NewConnectis designed to finance start‐ups and new companieswith a high growth potential. Among thefirst companies to have made their debuts onthis market (on the first day of trading) were:Digital Avenue, S4E, ViaGuara, VirtualVision and Wrocławski Dom Maklerski. New-Connect has the status of an organised marketbut is operated by the WSE outside the regulatedmarket, as an alternative trading system.12 OctoberThe Warsaw Stock Exchange became a shareholderof the Sibiu Monetary Financial andCommodities Exchange, Sibex (Monetar Financiarasi de Marfuri; Sibiu, Romania). As aresult of the WSE’s contribution to the capitalincrease, the Management Board of Sibex allocatedshares to the WSE representing 1.8% ofSibex share capital17 DecemberA site devoted to foreign companies listed onthe WSE was launched at www.wseinternational.eu.The aim of the site is to give investorsa better picture of foreign companies listed onthe Warsaw bourse. The site is intended for alldomestic and foreign investors, both individualand professional. Data and news are availablein two languages (Polish and English).20 DecemberUniCredit, an Italian company and the largestbank in Central and Eastern Europe, made itsdebut on the WSE, becoming the largest companylisted on the Warsaw bourse21 DecemberHighest equity trading value per session (PLN4.14 billion) in WSE history200814 MayThe WSE launched two new segments: MINUS5 and ALERT LIST. The former includes sharesof companies with capitalisation up to EUR 5million whereas ALERT LIST is designed forcompanies whose share prices are highly volatileor which are under bankruptcy proceedings25 JuneRepresentative office of the WSE opens in Kiev,the capital city of Ukraine. The office serves asan information centre for prospective issuersand investors from Ukraine interested in eitherraising or investing capital on the Warsawbourse10 JulyWSE finalises its purchase of a 25% stake in theUkrainian exchange INNEXJulyThe Liquidity Support Programme is launched.The programme is designed for companieswhich, based on WSE-defined criteria, achievelow liquidity ratios1 SeptemberOrganisation of trading sessions is changed.Starting from this date, trading sessions on thecash market (continuous trading system) beginat 9:00 a.m. and sessions on the derivativesmarket start at 8:30 a.m.20095 JanuaryCompanies are offered the opportunity to submittheir current reports during a trading session,which means that the ‘session silence’ requirementis abolished for companies listed under thecontinuous trading system, currently operated between8:30 and 16:30364


Warsaw Stock ExchangeFebruaryThe WSE sets up a Bond Market DevelopmentCommittee with a mission to support the creationand development of an organised marketfor debt instruments23 FebruaryCo-operation Memorandum signed with the BelarusianCurrency and Stock Exchange. The aimof the Memorandum is to create a market sentimentconducive to investments and to supportcollaboration between financial markets of thetwo countries10 MarchInformation on concentrated positions in futuresfirst published4 MayThe WSE launches two new indices: WIG-20short and WIG20lev.11 SeptemberThe WSE becomes a majority shareholder inMTS-CeTO (currently: BondSpot SA), taking upan additional 61.31% stake. WSE’s total shareholdingis 92.47%.30 SeptemberThe WSE launches Catalyst, the market for debtinstruments, co-organised by the WSE andBondSpot. Catalyst is the first organised marketin Poland designed for corporate, municipal,mortgage bonds and other debt instruments.3 NovemberNew share issue of PKO BP, worth PLN 5.1 billion,is launched6 NovemberPGE introduces its shares, worth PLN 6 billion,marking the second largest market debut everon the WSE and the largest floatation in 200919 NovemberThe RESPECT Ranking is announced and theRESPECT Index is first published. The WSE andits external partners initiated a study on socialresponsibility of listed companies in order toenhance social responsibility and promote theidea among listed companies. As a result, thefirst index of socially responsible companieswas developed (RESPECT Index).201011 JanuaryBondSpot-operated ATS launched on Catalyst,allowing the market to reach its target architecture25 FebruaryWSE designated as a ‘Recognised Stock Exchange’by HM Revenue & Customs (UK)16 MarchNewConnect Lead (NCLead) segment launchedon NewConnect12 MayIPO of PZU SA – the largest IPO in the historyof the WSE1 JulyWSE enables short selling under new rules,thus considerably improving the appeal of themarket by boosting its efficiency12 JulyStrategic partnership of NYSE Euronext andWSE announced; under the agreement theWSE is expected to launch a new transactionsystem with improved efficiency and extendedfunctionalities20 SeptemberLife Science index first published on NewConnect;the index covers companies from thebroadly defined health care sector22 SeptemberThe first ETF launched in the WSE; WIG20 ETFsare issued by LYXOR Asset Management9 NovemberWSE’s own IPO on its trading floor, marking amilestone in its history; the IPO attracted enormousinterest, with over 323,000 individual investorssubscribing to its shares, and multipleoversubscription among institutional investors11 Decemberpoee, the WSE Energy Market, launched; themarket offers opportunities for energy tradingon its Daily-Hourly Market and for transactionswith a longer time horizon on the futures market.20113 JanuaryStarting from 2011 a new session schedulewas launched, whereby exchange sessionsstart at 8:30 a.m. (futures market) and at 9:00a.m. (spot market), and end at 5:30 p.m., i.e.one hour later than before.3 JanuaryThe WSE commenced calculation of WIGdiv,an index comprising up to 30 companiesfrom WIG20, mWIG40, sWIG80 with thehighest dividend yields. WIGdiv constituentsmust also pay dividends regularly (at least3 times within the last 5 accounting years).WIGdiv is a total return index.16 FebruaryTreasury BondSpot Poland (TBSP), a Treasurybond index was launched. Starting fromthis date, this index has been published,among others, on the WSE and BondSpotwebsites. TBSP is the first official index forTreasury bonds in Poland.365


Fact Book 201328 FebruaryWIG-Basic Materials Index, a sectoral subindex,was launched.18 MarchKernel Holding became the first Ukrainian issuerto be included in WIG20, the WSE bluechip index.16 AprilThe WSE celebrated its 20th anniversary. Aspart of the celebrations, conferences were heldand an Open Doors Day was organised, attractinga record number of 10,000 participants.4 MayThe WSE started calculating and publishinga national index WIG-Ukraine. This is thefirst and only index outside Ukraine whichcomprises only companies from that country.WIG-Ukraine is the second national indexcalculated by the WSE, after WIG-Poland, anindex of Polish companies, published sinceDecember 2003.31 MayLYXOR ETF DAX and LYXOR ETF S&P500,issued by Multi Units Luxemburg, held theirdebuts on the WSE Main List.6 JulyJastrzębska Spółka Węglowa held its IPOon the WSE. This is the largest share issueconducted by the Treasury in 2011, and thefourth largest IPO in the history of the WSEand the fourth largest offering after 3 quartersof 2011 across Europe. The value of theIPO was PLN 5.37 billion. Approx. 170,000Poles subscribed to JSW shares.21 JulyWarrants and new series of structured certificatesissued by Raiffeisen Centrobank AGmade their first appearance on the WSE. Intotal, 117 new financial instruments wereadded within one day, including 90 optionbasedwarrants and 27 structured certificates(bonus and discount-based).30 AugustThe 4th anniversary of NewConnect, coincidingwith the IPO of the 300th company onthis alternative equities market operated bythe WSE.30 SeptemberTwo years since the launch of Catalyst. Afterthose two years, Catalyst had 185 seriesof municipal, corporate and co-operativebonds in listing, worth PLN 35 billion. Debtsecurities were launched on this market by90 issuers from Poland and other countries.19 OctoberThe WSE Board adopted a uniform text ofthe WSE Statutes and consented to the purchaseof shares in Towarowa Giełda EnergiiSA (energy exchange) and adopted amendmentsto Best Practices of WSE Companies’2 NovemberStock futures for four more companies wereadded to the WSE portfolio.8 NovemberThe contract for the purchase of shares in TowarowaGiełda Energii SA was signed.22 NovemberCatalyst welcomed the first bonds denominatedin foreign currency: eurobonds issuedby PKO Bank Polski.28 NovemberThe first stock futures for a foreign company,Kernel Holding, were launched. In total, eighteenstock futures are traded on the WSE.28 NovemberThe WSE Main List welcomed the first companyfrom Bulgaria, SOPHARMA AD.1 DecemberThe WSE started calculating WIGPlus, an indexwhich reflects the market sentiment inthe smallest companies on the WSE MainList.6 DecemberA resolution was adopted to organise a WSEbonds issue, the issuing process was commencedand the prospectus was submitted.15 DecemberTURBO Certificates were launched as aninnovative financial instrument in Poland:leveraged knock-out (barrier) certificates.Those instruments were issued by RaiffeisenCentrobank AG. A total of 31 series of thoseleveraged certificated were introduced totrading, based on prices of 10 WSE-listed instruments.20124 JanuaryThe WSE launches its series I bonds with anominal value of PLN 170 million for tradingon Catalyst.20 FebruaryThe WSE’s series II bonds, sold in a tranchefor individual investors, are first traded onCatalyst; the value of series II bonds is PLN75 million.24 FebruaryThe WSE takes over a controlling stake in366


Warsaw Stock ExchangeTGE (Polish Power Exchange) worth nearlyPLN 180 million.2 AprilThe WSE enables transactions made undercross orders.1 MayThe WSE launches changes in its standardfor currency futures (USD, EUR and CHF).21 MayThe WSE announces important amendmentsto the Rules of the AlternativeTrading System and launches a new segmentationfor NewConnect.24 MayNYSE Technologies and the WSE announcetheir partnership with regard to selling marketdata.30 MayThe WSE starts to calculate and publishWIG-CEE, its first regional index.13 JuneThe WSE website takes the first place in the5th edition of the ‘Issuers’ Golden Website’contest organised by the Issuers Association.26 JuneNew regulations of NewConnect becomeeffective as part of the NewConnect reform.27 JuneThe WSE announces the composition ofnew segments on NewConnect: High LiquidityRisk (HLR) and Super High LiquidityRisk (SHLR).12 JulyEquities from as many as 400 issuers are listedon NewConnect.27 AugustThe WSE launches a mobile application forApple iOS and Android users.27 AugustThe WSE, the Polish Power Grid (PSE) andthe Polish Power Exchange (TGE) sign a collaborationagreement.31 AugustThe 5th edition of ‘NewConnect Convention/Catalyst Bond Congress’ is held.31 AugustThe 5th anniversary of the launch of New-Connect (413 companies listed, including 7foreign ones; more than PLN 2.5 billion ofcapital raised).5 SeptemberThe Polish Financial Supervision Authorityapproves the Rules of Gas Trading on thePolish Power Exchange and the Rules of ExchangeClearing House (commodities market)operated by the Settlement House forCommodities Exchanges.12 SeptemberThe arrival of 237 structured products issuedby Raiffeisen Centrobank AG.30 SeptemberThree years since the launch of Catalyst(147 issuers, more than 300 bond series).11 OctoberGAZ-SYSTEM SA signs a collaborationagreement with TGE, as an important steptowards exchange gas trading.26 NovemberThe WSE amends its ‘Best Practices forWSE Listed Companies’.3 DecemberThe IPO of the 50th foreign company on theWSE.3 DecemberThe WSE starts to calculate and publishWIG20TR, an index which covers incomefrom equities, in particular from dividendsand pre-emptive rights.14 DecemberThe IPO of Alior Bank on the WSE Main List.This IPO, worth nearly PLN 2.1 billion, is thelargest private placement in the history ofthe WSE.20 DecemberThe Gas Exchange begins its operations onthe TGE trading floor.367


Fact Book 2013Exchange Holidays in 2013The Warsaw Stock Exchange is open Mondayto Friday except on the following datesin 2013:• 1 January (Tuesday)• 29 March (Friday)• 1 April (Monday)• 16 April (Tuesday)• 1 May (Wednesday)• 3 May (Friday)• 30 May (Thursday)• 15 August (Thursday)• 1 November (Friday)• 11 November (Monday)• 24 December (Tuesday)• 25 December (Wednesday)• 26 December (Thursday)368


Warsaw Stock ExchangeSelected Capital MarketInstitutionsIzba Domów MaklerskichChamber of Brokerage Houseswww.idm.com.plKomisja Nadzoru Finansowego (KNF)Polish Financial Supervision Authority (PFSA)www.knf.gov.plKrajowy Depozyt Papierów WartościowychNational Depository for Securities (NDS)www.kdpw.plSelected InternationalFinancial InstitutionsWorld Federation of Exchanges (WFE)www.world-exchanges.orgFederation of European Securities Exchanges(FESE)www.fese.euInternational Organization of SecuritiesCommissions (IOSCO)www.iosco.orgNarodowy Bank PolskiNational Bank of Polandwww.nbp.plStowarzyszenie Inwestorów IndywidualnychIndividual Investors’ Associationwww.sii.org.plStowarzyszenie Emitentów GiełdowychIssuers Associationwww.seg.org.plZwiązek Maklerów i DoradcówPolish Association of Brokersand Investment Advisorswww.zmid.org.pl369


The Warsaw Stock Exchange(Giełda Papierów Wartościowych w Warszawie SA)Książęca 400-498 WarsawPolandSecretariattel. (+48 22) 628 32 32fax (+48 22) 537 77 90Marketing Communications Officetel. (+48 22) 537 79 57fax (+48 22) 625 67 48e-mail: marketing@gpw.plTelephone inquiries for companiestel. (+48 22) 537 72 62(+48 22) 537 72 14(+48 22) 537 79 38e-mail: emitenci@gpw.com.plInternet:Main Listwww.gpw.plNewConnectwww.newconnect.plCatalystwww.gpwcatalyst.plE-mail:Main Listgpw@gpw.plNewConnectrynek@newconnect.plCatalystrynek@gpwcatalyst.pl


ISSN 1428-1171

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