A.
INTRODUCTION

The Cyprus Stock Exchange provides to
Cyprus and international companies a unique opportunity to list their shares or
bonds on the Emerging Companies Market, a recognised eurozone unregulated exchange,
which provides potential investors with an indication that the company is
active and transparent, while the cost of listing is low comparing to the
regulated market and other jurisdictions.

The Cyprus Stock Exchange (CSE),
through the Emerging Companies Market (ECM), allows not only public companies
to list their shares but allows both private and public companies to list their
bonds. This market offers a diversified opportunity mainly to small and
medium-sized enterprises to get listed on the CSE and expand their growth
potential.

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