FOREIGN CURRENCY EXCHANGE RATES AS FIXED BY CENTRAL BANK OF RUSSIA FROM JANUARY 20

MOSCOW, January 19, 2004 (RIA Novosti) - The following rates of exchange of foreign currencies to the rouble of the Russian Federation have been fixed for January 20, 2004:

1 Australian dollar 21.9138 roubles 1 British pound sterling 51.8791 roubles 1,000 Belarussian roubles 13.2879 roubles 10 Danish krone 47.9959 roubles 1 US dollar 28.7961 roubles 1 euro 35.7648 roubles 100 Icelandic krones 40.9909 roubles 100 Kazakh tenge 20.3738 roubles 1 Canadian dollar 22.1372 roubles 10 Norwegian krones 41.5810 roubles 1 unit of conditional drawing rights 42.7809 roubles 1 Singapore dollar 16.8526 roubles 1,000,000 Turkish lira 21.1038 roubles 10 Ukrainian hryvnias 53.3943 roubles 10 Swedish kronas 38.9842 roubles 1 Swiss franc 22.7799 roubles 100 Japanese yen 26.9854 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.