Ministry of Treasury is working on the privatisation strategy for Giełda Papierów Wartościowych w Warszawie S.A (the Warsaw Stock Exchange). It is envisaged that the shares will be sold through the public offer and offered to a broad group of domestic and foreign investors, including Open Pension Funds, Investment Funds, Stock Exchange Members and individual investors.

Ministry of Treasury is about to undertake consultations with representatives of the capital market community. The aim of these consultations is to optimise the privatisation strategy, including determination of the most appropriate shareholding structure following privatisation. The analyses are based on the assumption that it is necessary to create the most favourable conditions for further development of Polish capital markets and the growth of importance of the Warsaw Stock Exchange in the region.

Privatisation of the Warsaw Stock Exchange will involve two-stage sale of shares in the company. The first stage envisages selling the majority stake in the fourth quarter of 2010. This deadline is connected with large transactions and momentous IPOs scheduled for this year, the implementation of which will have a beneficial effect on the assessment of the Warsaw Stock Exchange by potential investors. Ministry of Treasury intends to implement the second stage involving the sale of the remaining shares within 3-5 years.

In less than two months since the beginning of this year, the activityactions of the Treasury added up to a significant revival on the Warsaw Stock Exchange, ensuring proceeds from transactions such as the sale of shares in KGHM, ENEA or Grupa Lotos, exceeding PLN 3.5 billion.