Pursuant to Article 57 and 61a of the Listing Rules, the establishment of a„Watch List“ is prescribed, which is publicly published on the website of the Stock Exchange.
On the „Watch List“ are placed issuers that are listed on the Official Market due to:
a) a measure imposed by the Stock Exchange – in cases of serious violations by the issuer for not complying with the Listing Rules.
or
b) drawing the attention of the investing public to certain current situations related to the specific issuer - in cases of more specific situations related to the securities or the operations of the issuer. Drawing attention to the investing public is a mechanism for communicating with investors on the securities market and informing them additionally that more specific circumstances have arisen at a certain listed company that should be taken into account when making investment decisions while trading with the specific securities.

The placing of listed companies on the „Watch List“ is made in accordance with Article 57, i.e. 61-a of the Listing Rules, as a measure against listed companies or in order to draw attention to the investing public, respectively.
The Board of Directors of the Stock Exchange decides on the placement or removal from the „Watch List“ based on an analysis of the fulfillment of the obligations of the listed issuers in accordance with the Listing Rules and the published information and data through SEI-NET, as well as other information available to the Stock Exchange.
Securities of a listed issuer entered on the „Watch List“ remain listed on the market segment where they have been admitted for listing.

WATCH LIST:

ISSUERS WITH MORE SERIOUS VIOLATIONS REGARDING THE FULFILLMENT OF THE OBLIGATIONS UNDER THE LISTING RULES
Date of entry	Issuer	Security’s trading code	Legal ground	Reason for entry
26.05.2025	Zito Karaorman AD Kicevo	ZKAR	Article 57 of the Listing Rules	continuous non-compliance with the Listing Rules
ISSUERS WITH MORE SPECIFIC SITUATIONS AND EVENTS RELATED TO SECURITIES OR THEIR OPERATIONS
Date of entry	Issuer	Security’s trading code	Legal ground	Reason for entry
11.11.2020	ZAS AD Skopje	ZAS	Article 61-a of the Listing Rules	• announcement by the issuer that there is no business activity • announcement by the issuer that it has a blocked bank account
11.11.2020	RZ Inter-Transhped AD Skopje	RZIT	Article 61-a of the Listing Rules	announcement by the issuer that it has a blocked bank account
11.11.2020	Stokopromet AD Skopje	STOK	Article 61-a of the Listing Rules	announcement by the issuer that it has a blocked bank account
30.05.2022	Geras Cunev Konfekcija AD Strumica	GECK	Article 61-a of the Listing Rules	a decision was made to transform the company into limited liability company
30.05.2022	Geras Cunev Trgovija AD Strumica	GECT	Article 61-a of the Listing Rules	a decision was made to transform the company into limited liability company
12.08.2022	Nemetali Ograzden AD Strumica	NEME	Article 61-a of the Listing Rules	a decision was made to transform the company into limited liability company
21.05.2025	Stopanska banka AD Bitola	SBT	Article 61-a of the Listing Rules	announced intention to take over the company
11.06.2025	Oranzerii Hamzali AD Strumica	ORAN	Article 61-a of the Listing Rules	a decision was made to transform the company into limited liability company