Foreign Exchange Rates

ISTANBUL/ANKARA - Buying and selling prices of U.S. dollar, euro and British pound in Istanbul and Ankara as of 4.30 p.m. on Thursday and Friday are as follows:

Thursday Friday
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ISTANBUL FREE MARKET Buying Selling Buying Selling
-------------------- --------- --------- --------- ---------
U.S. dollar 1,337,000 1,342,000 1,342,000 1,347,000
Euro 1,688,000 1,693,000 1,668,000 1,678,000
British pound 2,425,000 2,444,000 2,415,000 2,435,000
Swiss franc 1,070,000 1,080,000 1,062,000 1,080,000

ANKARA FREE MARKET
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U.S. dollar 1,334,000 1,344,000 1,343,000 1,352,000
Euro 1,686,000 1,697,000 1,672,000 1,682,000
British pound 2,422,000 2,460,000 2,411,000 2,450,000

(MS) 16.01.2004