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Thursday, May 5, 2011

Warsaw Stock Exchange Creates New Index For Ukrainian Listed Companies

On May 4, the Warsaw Stock Exchange announced a new index WIG Ukraine, comprising 5 listed Ukrainian companies (Agroton, Astarta Holding, Kernel Holding, Milkiland and Sadovaya Group). Additional listed Ukrainian companies may join the index in the near future also, such as Industrial Milk Company (which started trading yesterday) and KSG Agro (starting trading next week).

The WIG Ukraine index requires companies to maintain a free float of at least 10%. The index's revision will be conducted quarterly.

The creation of the new index results from the increased interest shown by Ukrainian firms in the Warsaw Stock Exchange, as well as of the exchange's marketing strategy to attract more Eastern European firms for listing.

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Jon M Queen

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