MASTER SERVICES AGREEMENT ESTABLISHED BETWEEN MSE AND LSE

Ulaanbaatar, Mongolia, /MONTSAME/ The London Stock Exchange Group Plc (LSE) and Mongolia's State Property Committee (SPC) have established a master services agreement (MSA) confirming their intention to modernize the Mongolian Stock Exchange (MSE), and agreeing details of ways of implementing the partnership. The MSA was signed Thursday by Mr. D.Sugar, head of the SPC representing the MSE, and Mr. Xavier Rolet, CEO of the LSE.
Present at the ceremony were S.Batbold, the Prime Minister of Mongolia, Mrs. Thorda Abbott-Watt, the ambassador extraordinary and plenipotentiary of the United Kingdom of Great Britain and Northern Ireland to Mongolia, and other officials.
Before signing the MSA, the SPC and the LSE established last year a contract on strategic cooperation in order to implement governmental and parliamentary resolutions on developing capital market in Mongolia. The MSA is the detailed plan of realizing these resolutions.
It is expected that the MSA will help the MSE introduce the latest complex system of carrying out stock trades with LSE and bring its legal environment, technologies and trained staffers into international standards.
The Premier is confident that the partnership between the stock exchanges will contribute to the development of Mongolia.
B.Khuder