NASDAQ OMX Baltic exchanges will shortly conduct two trading related changes that will have an impact on market participants. For both described changes it is important that investors and other market participants would understand and consider the essence and impact of such changes. The NASDAQ OMX Baltic Exchanges introducing Volatility Guards Starting September 27, 2010 the NASDAQ OMX Baltic Exchanges together with the NASDAQ OMX Nordic Exchanges will introduce Volatility Guards to reduce the likelihood of trading incidents. When the Volatility Guard is triggered, continuous trading is halted on the specific order book followed by an auction period with no auto matching. The auction period always ends with uncross. Right after uncross the order book moves into continuous trading again. The Volatility Guards come into two forms: • Dynamic Volatility Guard - utilized if an order deviates too much in percentage from the last sale price. For all Baltic shares 10% threshold applies. The length of the auction is 60 seconds. • Static Volatility Guard - utilized if an order deviates too much in percentage from the reference price, which is normally the day's opening price. For all Baltic shares 15% threshold applies. The length of the auction is 180 seconds. There will be no auction triggered if there is less than 240 seconds before the scheduled closing auction. Trading on NASDAQ OMX Tallinn stock exchange during General Meetings According to current practice of NASDAQ OMX Tallinn stock exchange, trading with the respective share was always halted during a General Meeting of shareholders of an issuer. This practice dates back to period when issuers were obliged to publish only the agenda of a General Meeting, but not necessarily the proposals made by Supervisory Board, and related regulations were not sufficient. As of now, the regulatory environment has improved and the quality of corporate covernance has increased substantially. While trading on exchanges has become more global, we are willing to follow the practice of other markets and also consider that for dual listed securities trading halt on one market will not have the desired effect. Starting October 1, thading with shares on NASDAQ OMX Tallinn stock exchange will be halted during the General Meeting only if issuers will present such application or breach of exchange regulation occurs. NASDAQ OMX Baltic exchanges will continue to improve trading model and practices in order to maximize the quality of trading environment. NASDAQ OMX Tallinn Market Services Department +372 640 8800