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

The Warsaw Stock Exchange (commonly known as the WSE) operates two principal markets for trading in financial instruments:

• The Main Market, which is the WSE's regulated market.
• NewConnect, which is the WSE's alternative trading platform for smaller and start-up issuers.

The Main Market is divided into two separate listing sectors, the "Primary Floor" and the "Secondary Floor." The Primary Floor is an official listing market. Listing on the Primary Floor imposes higher requirements than the EU-minimum standards for a listed company.

The WSE also operates a market for trading in debt instruments consisting of two trading platforms: the EU regulated market and an alternative trading system. The market operates under the name "Catalyst". It is dedicated to retail investors. In addition, a subsidiary of WSE, Bondspot S.A., operates two similar platforms (also under the name Catalyst) for trading in debt instruments dedicated to wholesale investors.

The information in this summary relates only to listings of equity instruments on the Primary Floor and Secondary Floor of the Main Market.

In January 2024, the aggregate market capitalization of listed securities on the Main Market was approximately PLN 1.44 billion (approximately US$365.33 million), an increase of around 12.8% compared to January 2023 (PLN 1.25 billion (approximately US$317.13 million)).

The Main Market is open to companies from all industry sectors and jurisdictions. In January 2024, there were 413 companies listed, of which 313 companies were listed on the Primary Floor. The vast majority of issuers are incorporated in Poland (January 2024: 371). Only approximately 10% of the listed companies were foreign companies (January 2024: 42); however, they constituted approximately 47% of the aggregate market capitalization.

The Polish Financial Supervision Authority (PFSA), Poland's official competent authority, is responsible for the supervision of listing and trading on the WSE.