The Hungarian Energy Office („MEH“) published on its internet site on 17. May 2010 a statement that it is initiating an investigation into the cooperation between Power Exchange Central Europe, a.s. („PXE“) and EXAA Energy Exchange Austria Abwicklungsstelle für Energieprodukte AG („EXAA“). At the same time, information appeared in several publications that MEH had suspended the validity of the license PXE has for organizing trades in electrical energy. In relation to the above, PXE presents the following statement: The claim made in regard to the suspension of the validity of the license of PXE, which would influence the ability of PXE to organize trades in electrical energy in Hungary, is in no way based on the truth.