Press release

 

In order to ease the imbalance experienced in the government securities market and to stabilize the market ÁKK Zrt. is

further decreasing government securities supply, effective in the remaining part of the year. ÁKK Zrt. is cancelling all

remaining bond auctions previously scheduled in its 2008 issuance calendar. Furthermore, the amounts offered at Discount

Treasury Bill auctions will be set according to actual money market conditions. With these measures ÁKK Zrt. intends to ease

the supply side pressure in the secondary market of government securities; to further enhance the efficiency of secondary

market price quotation and to return the trading activity back to usual. This step is an integral part of the series of

measures jointly taken by ÁKK Zrt., the National Bank of Hungary and the Primary dealers aiming at restoring the normal

operation of the government securities market and thus supporting the consolidation of the Hungarian money and capital

markets.

 

Budapest, 29 October 2008

        

ÁKK Zrt.