PRESS RELEASE

GPW Benchmark hereby informs on:

• public consultations concerning changes to the method of provision of the GPW Indices. Some of the planned changes, in the opinion of the Administrator, constitute a “material” change of a benchmark, referred to in art. 28 sec. 2 of the BMR Regulation;
• introduction of other changes to the Method, not subject to public consultation;
• cessation of the WIG.MS-PET Index.

GPW Benchmark invites market participants to provide their answers as regards changes in the Method of provision of Indices of the GPW Indices Family.

The statistical tests carried out indicate that, in accordance with the classification of changes adopted by GPW Benchmark, three of the following proposed changes are material and therefore shall be subject to public consultation:

• change of the rules of extraordinary adjustment of Indices' portfolios in the event of delisting a company at the request of the Polish Financial Supervision Authority or Bank Guarantee Fund without providing for payment to the investor;
• change of qualification thresholds of companies in the rankings of mWIG40 and sWIG80 Indices during revisions and periodic adjustments;
• changes in the qualification rules of companies from the reserve list for the portfolios of the WIG20, mWIG40, sWIG80 and WIG30 Indices in the case of extraordinary adjustment.

Moreover, GPW Benchmark submits for public consultation a change in the Method, which introduces a mechanism for verification of dual-listed companies on the Warsaw Stock Exchange (GPW) and another market, in terms of the legitimacy of their presence in the portfolios of GPW Indices in the event of significant differences in the company's stock prices on the GPW compared to the other market.

GPW Benchmark invites capital market participants consult the Consultation Document and provide answers to questions along with justification by sending a completed Questionnaire by April 23, 2023 at the latest to the following address:

Also, GPW Benchmark informs that from June 2023, i.e. in parallel with the quarterly adjustment of the composition of the Indices, other changes to the Method will be introduced, which in accordance with the adopted rules, are not subject to public consultation. These are:

• change in the frequency of setting the monthly turnover ratio (MTR) thresholds for the WIG20, mWIG40, sWIG80 WIG30 indices, from annual to quarterly;
• clarification of the provisions regarding the rules of procedure with regard to the indices in case of a process of merger of companies listed on the GPW;
• specifying the provisions concerning the so-called “fast track” in the WIG20, mWIG40, sWIG80 and WIG30 Indices;
• enumerative indication of the grounds for removing a company from the Indices under the extraordinary adjustment;
• clarification of the provisions regarding the introduction of debuting companies to the NCIndex.

Finall GPW Benchmark informs that publication the WIG.MS-PET Index will cease after the trading session on June 16, 2023, for the reasons indicated in the Consultation Document.