GPW - Giełda Papierów Wartościowych w Warszawie S.A.

Share Issue/Capital Change • Apr 19, 2019

Current Report No. 7/2019Date: 19 April 2019Topic: Positivedecision of NCBiR concerning the co-financing of the development of aTrading PlatformLegal basis: Article 17(1) of MAR - insideinformationContent:The Warsaw Stock Exchange ("Exchange","GPW", "Company") has been notified that the application of the Companyfor the co-financing of the project "Research and development work inthe development and implementation of an integrated modern TradingPlatform with ground-breaking performance and capacity parameters andinnovative communication protocols and trading algorithms" met theevaluation criteria and was recommended by the National Centre forResearch and Development ("NCBiR") for co-financing in the amount of PLN30,277,090.54 (in words: thirty million two hundred seventy seventhousand ninety zlotys fifty four groszy) on 19 April 2019. Eligiblecost of the project estimated by the Company is PLN 53,704,890.73 (inwords: fifty three million seven hundred four thousand eight hundredninety zlotys seventy three groszy).At this stage, NCBiR'spositive decision on the co-financing of the development of the TradingPlatform does not constitute a binding commitment of the Company toimplement the project. The Company has been using the Universal TradingPlatform (UTP) since 2013. The Company is running a preliminary phase ofan analysis of potential implementation of a new Trading Platform. Theoptions considered by the Company include:• acquisition of a newTrading Platform from a third-party vendor;• outsourcing of theTrading Platform;• in-house development of the Trading Platform;•continued operation of the legacy Trading Platform.The Companyannounces that no decision has been made concerning the implementationof the new Trading Platform. The implementation model of the new TradingPlatform, the timetable and the precise terms of reference of theprocess require detailed analyses and the final decision requires amongothers the appropriate corporate approvals.The Company willannounce further steps in the process in separate current reports.Legalbasis: Article 17(1) of Regulation (EU) 596/2014 of the EuropeanParliament and of the Council of 16 April 2014 on market abuse (marketabuse regulation) and repealing Directive 2003/6/EC of the EuropeanParliament and of the Council and Commission Directives 2003/124/EC,2003/125/EC and 2004/72/EC (EU Official Journal L 73) ("MAR")