[Last updated: 1 January 2024, unless otherwise noted]

Initial and one-time fees

The PFSA charges a one-time fee for approval of the prospectus - the PLN equivalent of €6,000 (approximately US$6,630). The WSE charges a one-time fee for admission of shares to listing. On the Primary Floor, this admission fee consists of a fixed fee of PLN 6,000 (approx. US$1,522). On the Secondary Floor, there is a flat fee of PLN 6,000 (approximately US$1,522).

Annual fees

The PFSA and the WSE also charge annual fees for the listing of shares. The PFSA fee is charged only to companies that have their registered offices in Poland and is not higher than 0.01% of the capital shown in their last annual financial statement, ranging from a minimum of the PLN equivalent of €1,500 (approximately US$1,658). For the Primary Floor, the WSE fee is 0.02% of the issue value of the shares, ranging from a minimum of PLN 12,000 (approximately US$3,044) to a maximum of PLN 70,000 (approximately US$17,759), for the first year of listing, and 0.02% of the market value of shares, ranging from a minimum of PLN 12,000 (approximately US$3,044) to a maximum of PLN 70,000 (approximately US$17,759), for subsequent calendar years of listing.

For the Secondary Floor, the WSE fee is 0.02% of the issue value of the shares, ranging from a minimum of PLN 12,000 (approximately US$3,044) to a maximum of PLN 70,000 (approximately US$17,759), for the first year of listing, and 0.02% of the issue value of the shares, ranging from a minimum of PLN 6,000 (approximately US$1,522) to a maximum of PLN 30,000 (approximately US$7,611) in 2024, 0.02% of the issue value of the shares, ranging from a minimum of PLN 9,000 (approximately US$2,283) to a maximum of PLN 50,000 (approximately US$12,685) in 2025, and 0.02% of the issue value of the shares, ranging from a minimum of PLN 12,000 (approximately US$3,044) to a maximum of PLN 70,000 (approximately US$17,759) in 2026.