<font size="2" face="Verdana">Bulletin for March 2011</font>

<font size="2" face="Verdana">Share buy-backs and non-trade transfers of listed companies' share</font>

<font size="2" face="Verdana">Block trade</font> <br />

<strong><font size="2">Novi Triglav AD Skopje is permanently excluded from MSE membership</font></strong>

Share buy-backs

<font size="2" face="Verdana">Listing of the&nbsp;Tenth issue of the government denationalization bonds</font> <br />

<span style="font-size: 12pt"><strong><span style="font-size: 10pt">March 31, 2011</span><span style="font-size: 10pt"> (Thursday) - non working and non trading day&nbsp;&nbsp;</span></strong><span style="font-size: 10pt"><br /> <br /> </span><br /> </span>

<font size="2" face="Verdana">Non-trade transfers of listed companies' share</font>

<font size="2" face="Verdana">Share buy-backs</font>

<font size="2" face="Verdana">Share buy-backs and non-trade transfers of listed companies' share</font>