MONGOLIAN MARKET PLACED IN FTSE'S WATCH LIST

Ulaanbaatar, Mongolia /MONTSAME/ Mongolian market has placed on the FTSE's Watch list for possible promotion to Frontier market status. The Governance and Policy Director of FTSE Group Chris Woods, a world leader in the provision of global index and analytical solutions, has sent official letter on the news to the CEO of the Mongolian Stock Exchange JSC. Mr Woods emphasized in his letter that the MSE and Mongolian capital markets participants are making a good progress within a short period of time in developing Mongolian capital markets in line with international standards and opening the market to international investors. The FTSE group, based in world's financial centre London, is a leading index provider in the world which calculates over 120,000 end-of-day and real-time indices covering more than 80 countries. FTSE assumes a major position in global financial market and enjoys an unparalleled reputation for provision of indices and market data that many international investors an investment funds base on to make informed investment decisions. The FTSE group classifies the capital markets of the countries in four categories from "Frontier" to "Developed" according to stringent market criteria. It reviews the classification of countries once a year and places them on a Watch list for possible promotion to the next category or demotion from its existing category within FTSE indices. The implementation of a world standard trading and settlement system and market infrastructure and increasing transparency in the market had a major influence in placing Mongolia on a Watch list for possible promotion to Frontier market status. The MSE is extremely delighted to share that having a Frontier market status within FTSE indices is an invaluable chance for Mongolian market to gain international recognition, to attract international qualified investors, improve the market activity and liquidity, speed up the market development and provide relatively cheap, long term financing to companies in rapidly growing sectors. B.Khuder