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

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

1 Australian dollar 21.3527 roubles 1 British pound sterling 52.2773 roubles 1,000 Belarussian roubles 13.2419 roubles 10 Danish krone 47.4166 roubles 1 US dollar 28.5045 roubles 1 euro 35.3342 roubles 100 Icelandic krones 40.4836 roubles 100 Kazakh tenge 20.5271 roubles 1 Canadian dollar 21.4465 roubles 10 Norwegian krones 41.4065 roubles 1 unit of conditional drawing rights 42.0695 roubles 1 Singapore dollar 16.8636 roubles 1,000,000 Turkish lira 21.5128 roubles 10 Ukrainian hryvnias 52.9214 roubles 10 Swedish kronas 38.1199 roubles 1 Swiss franc 22.6622 roubles 100 Japanese yen 26.6422 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.