Current Report No. 18/2016Date: 23 May 2016Topic:Appointment of a member of the Warsaw Stock Exchange Management BoardLegalbasis: Article 56.1(2) of the Offering Act - current and periodicinformationContent:The Warsaw Stock Exchange ("GPW","Company", "Exchange") informs that the GPW Supervisory Board at itsmeeting on 23 May 2016, acting pursuant to Article 368 § 4 of the Codeof Commercial Companies in connection with § 20.3 of the Company'sArticles of Association has decided to appoint Mr. Michał Cieciórski asMember of the Exchange Management Board.According to the Article27.1 of the Act on Trading in Financial Instruments of 29 July 2005 theaforementioned decision shall take effect conditional on the approval ofthe Polish Financial Supervision Authority ("KNF") for the change on theExchange Management Board.Michał Cieciórski graduated from theWarsaw School of Economics. He has extensive experience in capitalmarkets, banking, and consulting for financial institutions. Hecurrently serves as an expert in financial risks of Central ClearingCounterparties with ESMA (European Securities and Markets Authority).Beforejoining ESMA, he was an advisor to German capital market institutionsand banks as a Capco manager in Frankfurt. He was responsible amongothers for the strategy of EMIR implementation in German capital marketinstitutions.Before his position with Capco, he was an EY advisor inWarsaw responsible for the implementation of the methodology offinancial risk management and regulatory issues, working with brokersand banks. Before joining EY, he was a Risk Manager with Invesco AssetManagement Europe and Universal Investment in Frankfurt on the Main.TheCompany will disclose other information about the appointed GPWManagement Board Member as required by law in a current report to bepublished at a later date.Legal basis: § 5.1 (22) of theRegulation of the Minister of Finance of 19 February 2009 on current andperiodic information provided by issuers of securities and on conditionsunder which information required by legal regulations of a third countrymay be recognised as equivalent.