FIRST SESSION

ISTANBUL - A total of 665 kg of gold was sold in the first session at the Istanbul Gold Exchange (IAB) on Tuesday.
The trading volume in the first session was 880 billion 640 million Turkish liras (TL) on TL-basis in 2 transactions and 8 million 139 thousand U.S. dollars on U.S. dollar-basis in 16 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 17,773,000 407.00 331.20
Lowest Price 17,612,800 407.10 -
Highest Price 17,612,800 416.00 -
Closing price 17,612,800 407.30 -
Average Weighted Price 17,612,800 411.66 -
Transactions Volume (Kg) 50 615 -
Total Transactions (each) 2 16 -

Trading Volume (TL) 880,640,000,000
Trading Volume (U.S. dollar) 8,139,539
Trading Volume (Euro) -

1ST SESSION'S TOTAL
------------------------------
Total Transactions Volume (Kg) 665
Total Transactions (each) 18

SECOND SESSION
A total of 15 kg of gold was sold in the second session at the Istanbul Gold Exchange (IAB) on Tuesday.
The trading volume in the second session was 88 billion 250 million Turkish liras (TL) on TL-basis in 1 transaction and 131 thousand 802 U.S. dollars on U.S. dollar-basis in 1 transaction.
The basic statistics of the transactions in the second session at the IAB are as follows:

GOLD TL/GRAM DOLLAR/OUNCE EURO/OUNCE
---------------------- ------------ ------------ ----------
Previous Closing Price 17,612,800 407,30 331,20
Lowest Price 17,650,000 409,95 -
Highest Price 17,650,000 409,95 -
Closing price 17,650,000 409,95 -
Average Weighted Price 17,650,000 409,95 -
Transactions Volume (Kg) 5 10 -
Total Transactions (each) 1 1 -

Trading Volume (TL) 88,250,000,000
Trading Volume (U.S. dollar) 131,802
Trading Volume (Euro) -

Total Transactions Volume (Kg) 15
Total Transactions (each) 2

(AA) 20.01.2004