FIRST SESSION

ISTANBUL - A total of 355 kg of gold was sold in the first session at the Istanbul Gold Exchange (IAB) on Friday.
The trading volume in the first session was 6 trillion 155 billion 522 million 500 thousand Turkish liras (TL) on TL-basis in 4 transactions and 66 thousand 295 U.S. dollars on U.S. dollar-basis in one transaction.
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 17,542,400 409.95 331.20
Lowest Price 17,484,100 412.40 -
Highest Price 17,600,000 412.40 -
Closing price 17,600,400 412.40 -
Average Weighted Price 17,587,207 412.40 -
Transactions Volume (Kg) 350 5 -
Total Transactions (each) 4 1 -

Trading Volume (TL) 6,155,522,500,000
Trading Volume (U.S. dollar) 66,295
Trading Volume (Euro) -

1ST SESSION'S TOTAL
------------------------------
Total Transactions Volume (Kg) 355
Total Transactions (each) 5

SECOND SESSION
No transaction was made in the second session at the Istanbul Gold Exchange (IAB) on Friday.

(AA) 23.01.2004