According to Polish daily Parkiet, there is market speculation that the free float of Bank Handlowy could increase from currently 10.7% up to 25%. According to the daily, the free float could increase, due to the conversion of Bank Handlowy's convertible bonds, representing 14.3% of capital, as conditions appear. The stock exchange price must exceed the conversion price (USD20.19) for a period of 15 days in a 30 day period. We would not expect the information to have a significant trading impact today, although in the longer-term, we would see the increase of free float as supportive for the stock.