Based on part 1 of clauses 9, 18 of Article 11 of “Law on State and Local Property”, 76.1.8 of clause 76 of the “Company Law”, request of Kh.Altai to the Chairman of the Board of Directors of “Mongolian Stock Exchange” SOJSC (MSE), by decrees of State Property Committee and MSE BoD decree no.:1 from 13 January 2014, MSE Chief Executive Director Kh.Altai has been released from his official duty effective from 15 January 2014. Until the Chief Executive Officer’s competitive selection's official results are announced, State Property Committee’s Head of State Management Department D.Bolormaa has been appointed as an Acting Chief Executive Officer of MSE, for the purpose of ensuring the uninterrupted operations of the company.

The State Property Committee's Working Group received Kh.Altai’s work and Mongolian Stock Exchange Chief Executive Officer’s competitive selection will be announced to the public and will be organized openly.