Istanbul Gold Exchange

470 KG OF GOLD SOLD IN FIRST SESSION

ISTANBUL - A total of 470 kg of gold was sold in the first session at the Istanbul Gold Exchange (IAB) on Monday.
The trading volume in the first session was 5 trillion 632 billion 500 million Turkish liras (TL) on TL-basis in 2 transactions and 2 million 164 thousand 629 U.S. dollars on U.S. dollar basis in 5 transactions.
The basic statistics of the transactions in the first session at the IAB are as follows:

GOLD TL/GRAM DOLLAR/OUNCE EURO/OUNCE
---------------------- ------------ ------------ ----------
Previous Closing Price 18,700,000 396,00 318.70
Lowest Price 18,775,000 395,45 -
Highest Price 18,775,000 398,00 -
Closing price 18,775,000 398,00 -
Average Weighted Price 18,775,000 396,04 -
Transactions Volume (Kg) 300 170 -
Total Transactions (each) 2 5 -

Trading Volume (TL) 5,632,500,000,000
Trading Volume (U.S. dollar) 2,164,629
Trading Volume (euro) -

1ST SESSION'S TOTAL
------------------------------
Total Transactions Volume (Kg) 470
Total Transactions (each) 7

(GC-AY) 17.11.2003