Disclosure obligations of issuers of securities admitted to trading on a regulated market

Under the provisions of Article 34 of Stock Exchange Act No. 429/2002 Coll. (hereinafter referred as to “Stock Exchange Act”) issuers of securities admitted to trading on a regulated market shall make public their annual financial report four months after the end of each financial year at the latest and shall ensure that it remains publicly available for at least five years. The annual financial report shall comprise information as required in Article 34 paragraph (2) of Stock Exchange Act.

Under the provisions of Article 35 of Stock Exchange Act issuers of shares or debt securities admitted to trading on a regulated market shall make public a half-yearly financial report covering the first six months of the financial year no later than two months after the end of the respective period for which the half-yearly financial report is prepared and shall ensure that it remains available to the public for at least five years. The half-yearly financial report shall comprise information as required in Article 35 paragraph (2) of Stock Exchange Act.

In accordance with Article 36 paragraph (1) of Stock Exchange Act an issuer of shares whose shares are admitted to trading on a regulated market shall make public the first interim statement by their management during the first six-month period of the financial year and another statement by their management during the second six-month period of the financial year. The issuer shall make public such interim statement in the period between ten weeks after the beginning and six weeks before the end of the relevant six-month period. This interim management statement shall contain information covering the period between the beginning of the relevant six-month period and the date of the publication of the statement. Such a statement shall provide:

1. an explanation of material events and transactions that have taken place during the relevant period and their impact on the financial position of the issuer and its controlled undertakings; and
2. a general description of the financial position and performance of the issuer and its controlled undertakings during the relevant period.

Under the provisions of Article 37b paragraph (1) of Stock Exchange Act an issuer of shares admitted to trading on a regulated market shall make public without delay any changes in the rights attaching to the various classes of shares, including changes in the rights attaching to derivative securities issued by the issuer themselves and giving access to the shares of that issuer.

In accordance with Article 37b paragraph (2) of Stock Exchange Act an issuer of securities other than shares admitted to trading on a regulated market shall make public without delay any changes in the rights of holders of securities, including changes in the terms and conditions of these securities which could indirectly affect those rights, resulting in particular from a change in loan terms or in interest rates.

Under the provisions of Article 37b paragraph (3) of Stock Exchange Act an issuer of securities admitted to trading on a regulated market shall make public without delay information on loan issues and on any security in respect thereof. This obligation shall not apply to a public international body of which at least one Member State is a member.

With respect to the Article 37b paragraph (4) of Stock Exchange Act an issuer of securities admitted to trading on a regulated market who proposes to amend their instrument of incorporation or articles of association, is obliged to communicate the draft amendment to the National Bank of Slovakia and to the stock exchange to which their securities have been admitted to trading. Such communication of the draft amendment shall be effected without delay, but at the latest on the date of calling the general meeting which is to vote on or be informed of the amendment.

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In accordance with Article 37 paragraph (2) of Act No. 747/2004 Coll. on Supervision of the Financial Market annual and half-yearly financial reports of issuers of securities admitted to trading on a regulated market which were submitted to the National Bank of Slovakia in paper form by 31 July 2011 are available to be viewed by public in the headquarters of the National Bank of Slovakia, solely after prior written or phone agreement. All annual and half-yearly finanical reports of issuers of securities admitted to trading on a regulated market which were delivered to the National Bank of Slovakia as of 1 June 2007 (as well as other regulated and other information) are already stored in electronic form in a Central Register of Regulated Information.

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Update: July 2012