FIRST SESSION

ISTANBUL - A total of 862 kg of gold was sold in the first session at the Istanbul Gold Exchange (IAB) on Thursday.
The trading volume in the first session was 2 trillion 650 billion 630 million Turkish liras (TL) on TL-basis in 3 transactions and 9 million 289 thousand 435 U.S. dollars on U.S. dollar-basis in 22 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 17,130,000 401.80 320.40
Lowest Price 17,410,000 396.55 -
Highest Price 17,440,500 408.40 -
Closing price 17,410,500 407.85 -
Average Weighted Price 17,438,355 406.95 -
Transactions Volume (Kg) 152 710 -
Total Transactions (each) 3 22 -

Trading Volume (TL) 2,650,630,000,000
Trading Volume (U.S. dollar) 9,289,435
Trading Volume (Euro) -

1ST SESSION'S TOTAL
-------------------
Total Transactions Volume (Kg) 862
Total Transactions (each) 25

(MS-AÖ) 18.03.2004