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 Monday and Tuesday are as follows:

Monday Tuesday
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ISTANBUL FREE MARKET Buying Selling Buying Selling
-------------------- --------- --------- --------- ---------
U.S. dollar 1,353,000 1,357,000 1,337,000 1,341,000
Euro 1,676,000 1,680,000 1,671,000 1,679,000
British pound 2,412,000 2,432,000 2,414,000 2,434,000
Swiss franc 1,063,000 1,072,000 1,063,000 1,073,000

ANKARA FREE MARKET
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U.S. dollar 1,354,000 1,364,000 1,339,000 1,347,000
Euro 1,678,000 1,690,000 1,674,000 1,683,000
British pound 2,408,000 2,442,000 2,402,000 2,435,000

(MS-AY) 20.01.2004