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Stock exchange news:

First IPO Partner from Cyprus – Renaissance Securities Ltd

On 17 November 2008, Renaissance Securities Ltd with its seat in Nicosia was approved by the WSE Management Board into the WSE IPO Partner Programme aimed to attract foreign companies to the Warsaw Stock Exchange. Renaissance Securities Ltd is the 16th WSE IPO Partner.

Renaissance Securities Ltd is part of the international financial group Renaissance Group which includes companies engaged in investment banking, capital management, brokerage services and retail credits.

Renaissance Group is headquartered in Moscow and operates offices throughout the World, among others in: London, New York City, Kyiv, Nicosia, Dubai and in Nairobi. Through its subsidiary, Renaissance Capital, the group is also a member in the RTS and London Stock Exchange venues. Renaissance group specialises in providing investment services in developing markets.

For more information on Renaissance Group, please visit www.renaissancegroup.com