* He would prefer Vienna for a dual listing of SIF2

Running for a seat on the board of SIF2 Moldova, Valentin Ionescu, the former general manager of the Bucharest Stock Exchange, wants to aggressively promote the SIF among investors and he announces shareholders that he wants to speed up the implementation of the proposed projects.

"I am a man of action and I felt like I had spent too much time doing nothing", Valentin Ionescu said, as an explanation for his decision to run for the Board of Directors of SIF2, which he made following the talks he had with Mr. Costel Ceocea (ed. note: the president of SIF2), Claudiu Doroş and other important shareholders who promised him their support.

Mr. Ionescu feels he can do many good things at the SIFs and that it is important that the Stock Exchange benefit from those changes as well.

Valentin Ionescu said that the agenda of the next shareholder meetings will include very important items, such as the increase of the share capital, the reduction of the quorum required for the General Extraordinary Shareholder Meeting, as well as the potential listing of SIF2 on another regulated market.

* Ionescu: "The price the shares will be offered at during the second stage of the share capital increase is very important"

SIF Moldova has proposed the increase of the share capital by 103.8 million lei, to 155.7 million lei, with contributions in cash, in two steps.

According to Valentin Ionescu, the increase of the share capital will essentially provide active investors with the opportunity to increase their holdings, to the detriment of inactive investors.

SIF Moldova has a very large shareholder base, of approximately 5.8 million, of which the shareholders originating from the mass privatization process, with holdings of less than 100 shares, account for about 25-30%.

Mr. Ionescu said th