GREECE: HCMC responds to questions on Greece short selling

Thursday December 9 2010

The Hellenic Capital Markets Commission has responded to a query on Greece short selling as follows:

The details of the reported information are provided in Article 4 of the Hellenic Capital Market Commission Rule 1/509/15-5-2009 on short selling of shares listed on a regulated market (Athens Exchange). Accordingly,

“1. All natural or legal persons shall report on the same day to the HCMC (at shortposition@cmc.gov.gr or at fax number: +30-210-3377265): (a) all net short positions in excess of 0.10% of total number of issued shares (per category of issuers’ shares), (b) any subsequent change (increase or decrease) of any net short positions previously reported The reporting should mention the investor’s identification data (name, surname, father’s name or name of the legal entity, address and other contact information), name of issuer, number of shares corresponding to the net short position and the percentage this position represents of the total number of issuer’s shares.

2. The persons referred to in par. 1 shall at the same time submit the same report to the regulated market to be published in the Daily Official List of the following trading day. This report shall contain only the name, surname, father’s name or name of the legal entity, name of the issuer, number of shares corresponding to the net short position and the percentage that this position represents of the total number of issuer’s shares.”