FOREIGN CURRENCY EXCHANGE RATES AS FIXED BY CENTRAL BANK OF RUSSIA FROM JANUARY 21

MOSCOW, January 20, 2004 (RIA Novosti) - The following rates of exchange of foreign currencies to the rouble of the Russian Federation have been fixed for January 21, 2004:

1 Australian dollar 21.8049 roubles 1 British pound sterling 51.4365 roubles 1,000 Belarussian roubles 13.2921 roubles 10 Danish krone 47.9148 roubles 1 US dollar 28.7853 roubles 1 euro 35.7024 roubles 100 Icelandic krones 41.2811 roubles 100 Kazakh tenge 20.5073 roubles 1 Canadian dollar 22.1034 roubles 10 Norwegian krones 41.4219 roubles 1 unit of conditional drawing rights 42.7649 roubles 1 Singapore dollar 16.8119 roubles 1,000,000 Turkish lira 21.3699 roubles 10 Ukrainian hryvnias 53.3496 roubles 10 Swedish kronas 38.9359 roubles 1 Swiss franc 22.7139 roubles 100 Japanese yen 26.7895 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.