FOREIGN CURRENCY EXCHANGE RATES AS FIXED BY CENTRAL BANK OF RUSSIA FROM MARCH 16

MOSCOW, March 15, 2004 (RIA Novosti) - The following rates of exchange of foreign currencies to the rouble of the Russian Federation have been fixed for March 16, 2004:

1 Australian dollar 20.9665 roubles 1 British pound sterling 51.4911 roubles 1,000 Belarussian roubles 13.2305 roubles 10 Danish krone 46.8586 roubles 1 US dollar 28.5064 roubles 1 euro 34.9374 roubles 100 Icelandic krones 40.4002 roubles 100 Kazakh tenge 20.5064 roubles 1 Canadian dollar 21.3739 roubles 10 Norwegian krones 41.1324 roubles 1 unit of conditional drawing rights 41.7194 roubles 1 Singapore dollar 16.6529 roubles 1,000,000 Turkish lira 21.5224 roubles 10 Ukrainian hryvnias 52.8993 roubles 10 Swedish kronas 37.6825 roubles 1 Swiss franc 22.3055 roubles 100 Japanese yen 25.7023 roubles

The foreign currency exchange rates to the rouble of the Russian Federation are fixed for the purposes of accounting and customs duty payments and entail no obligation on the part of the Bank of Russia to buy or sell the currencies according to the above rates.