Hungary Dear Reader: We are pleased to present the Calendar of Disclosure Requirements of Hungarian Public Joint Stock Companies - Hungarian language and the Calendar of Disclosure Requirements of Hungarian Joint Stock Companies - English language . The Calendars were drafted under a joint project of the Hungarian Financial Supervisory Authority (HFSA) and the Partners for Financial Stability (PFS) Program. The basic aim of the Calendar is to create an integrated list of all disclosure obligations in chronological order, thereby bringing together in one document the requirements outlined in several different laws/regulations. This organizational tool may assist the management of joint stock companies registered in Hungary, by collecting in one document the disclosure requirements towards the HFSA, the court, investors and other interested parties. Another important goal of the Calendar is to provide investors in Hungary, both domestic and foreign, with comprehensive information on investor protection provided by Hungarian law. Sincerely, Dr. Ilona Torok Attorney Hungarian Financial Supervisory Authority Lithuania Dear Reader: We are pleased to present the Calendar of Information Disclosure by Public Limited Companies in Lithuania, a joint project of the Lithuanian Securities Commission and the Partners for Financial Stability (PFS) Program. This Calendar presents the main disclosure requirements that apply to public limited companies in Lithuania. Therefore, we hope that it will become a "disclosure handbook" for Lithuanian companies assisting them in attaining timely and comprehensible disclosure of their main events and thus strengthening the transparency of the Lithuanian securities market. By presenting disclosure requirements in a chronological order, we seek to ensure that investors have a clear view of their rights related to obtaining of certain information. We believe that the Calendar will serve as a demonstration to investors that the Lithuanian securities market is a well-regulated market and that the rights of investors are ensured proper protection. I would like to take advantage of this opportunity to extend my gratitude to the Partners for Financial Stability (PFS) Program for offering the ingenious idea to draw up the Calendar and explaining the methodology of this work. I am also thankful for the possibility to cooperate closely with colleagues from the Hungarian Financial Supervisory Authority and the Polish Securities and Exchange Commission. Sincerely, Egle Surpliene, Commissioner Lithuanian Securities Commission Poland Dear Reader: We are pleased to present the Calendar of Disclosure Requirements of Publicly-Traded Polish Joint Stock Companies, drafted as a cooperative project of the Polish Securities and Exchange Commission and the Partners for Financial Stability (PFS) Program. The Calendar aims to present a clear view of the disclosure requirements of Polish listed companies in a chronological way and has two goals: First, the Calendar is designed to assist the persons responsible for such disclosure at publicly-traded companies to easily recognize the type of the information that is required, its destination and when the obligation to inform arises. Second, the Calendar is designed to inform investors - Polish and foreign - about the stability of the Polish legal system concerning capital markets and demonstrate how Polish regulations regarding disclosure requirements protect investors' rights to obtain certain information about a listed company. We hope that the Calendar - by graphically showing what information is required, when, under which circumstances and to whom it should be submitted - will help each and every investor understand his/her legal rights and thereby obtain the desired information. Sincerely, Miroslaw Kachniewski, Ph.D. Secretary Polish Securities and Exchange Commission