List structure on Riga Stock Exchange will change on May 21


On May 18 a new listing rules have been approved by Riga Stock Exchange that
becomes effective on May 21 and according to that a new list structure will be
introduced on Riga Stock Exchange. The new list structure will have two notable
changes: modified admission and listing criteria on Baltic Main List and a new
list - Baltic Secondary List - created by merging current Baltic I-List with
Free List. 

Baltic Main List

New admission and listing criteria will be applied to the Baltic Main List.
Issuers on Baltic Main List will have to meet one of the following free float
criteria: at least 25% of shares (the current criterion) or shares worth at
least EUR 25 million must be held in public hands (free float shares). 

For the first time the compliance of issuers on the Baltic Main List with the
new liquidity requirements will be evaluated in November 2007. Companies that
will not be able to meet the requirements will be given 6 months transition
period. In case of compliance after the period, companies will remain listed on
the Baltic Main List.  In case companies will not comply with the requirements
after the transition period, they will be transferred to the Baltic Secondary
List. 


New list - Baltic Secondary List

Changes in the list structure will affect companies on the current Baltic
I-List and Free Lists as both lists will be merged and companies on those lists
will be traded together in the same list - Baltic Secondary List. This move
will reduce current fragmentation of the lists in the Baltic market and will
offer investors clearer list structure. 

After list rearrangement companies on Baltic Secondary List will have no free
float requirements but will have the same information disclosure requirements
that are applicable to I-List companies currently. After merger of the lists,
current Free List companies will be included in calculation of OMX Baltic
All-Share index, OMX Baltic Sector indexes and OMX Riga All-Share index. In
addition to that those securities will be classified in accordance with Global
Industry Classification Standard (GICS) improving their comparability with peer
groups. 


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