PRESS RELEASE

• GPW Benchmark launches the Corporate Bond Market Monitoring System
• The key components of the Corporate Bond Market Monitoring System are indices tracking selected segments of the non-sovereign debt securities market, based on data from the Catalyst market and information on transactions settled through KDPW
• POLCBF is a custom-made index developed in cooperation with PZU TFI for bonds and covered bonds issued by financial institutions
• WIPID is an index developed by GPW Benchmark for bonds listed on the Catalyst market

GPW Benchmark has commenced the publication of two indices for the corporate bond and covered bond market: the Poland Corporate Bond Financials Index (POLCBF) and the Warsaw Listed Debt Instruments Index (WIPID). The indices form part of a newly launched service known as the Corporate Bond Market Monitoring System. The objective of the System is to enhance the transparency of information regarding activity in the non-sovereign debt securities market, which offers significant investment potential.

The Corporate Bond Market Monitoring System is published on a monthly basis and includes daily index data, information on the index portfolios, and selected market data relating to constituent issues, including the latest volume-weighted market price.

POLCBF is an index whose development was commissioned to GPW Benchmark by PZU TFI, the owner of the index methodology. The methodology was developed jointly on the basis of agreed assumptions and analytical work carried out by the parties. POLCBF reflects the condition of the corporate bond and covered bond market within the financial institutions segment, as defined by PZU TFI. The index portfolio also includes non listed bonds.

WIPID is an index reflecting the performance of the corporate bond and covered bond market listed on Catalyst. However, corporate bonds and covered bonds characterized by the lowest levels of trading activity are excluded from the index portfolio.

The input data for both indices are sourced from the Catalyst market and from data covering transactions settled through KDPW (Central Securities Depository of Poland). Detailed methodologies are described in the regulations adopted by the administrator and made available on its website:

• POLCBF Corporate Bond Index Rules (PL version only)
• Warsaw Listed Debt Instruments Index Rules (PL version only).

GPW Benchmark acts as a licensed benchmark administrator and develops indices in accordance with the standards set out in the EU Benchmark Regulation (BMR). Both indices are intended for use by financial market participants as benchmarks and are being added to GPW Benchmark’s product offering.

Given the potential of the non-sovereign debt securities market and ongoing efforts to strengthen the foundations of both the primary and secondary markets, GPW Benchmark plans to continue the intensive development of its family of non-sovereign debt securities indices.