P341 RTR R-TEL 341 21/12/93 14:34.01            MOSCOW BANK ROUBLE RATES Dec 21 Noon Dollars Marks Buy Sell Buy Sell Aviabank 1260 1300 735 770 Avtobank 1275 1305 730 760 Basis 1280 1350 740 765 All-Russia Exchange 1270 1305 736 765 Delevaya R 1260 1300 730 770 Izdat-Bank 1280 1305 -- -- Inkombank 1245 1290 735 760 Konsensus 1285 1308 751 769 Konversbank 1260 1300 734 -- Kredobank 1265 1305 740 770 KreditM'kva 1250 1295 735 755  1/3 MICE Russia banks Voucher BusinessIndex

P341 RTR R-TEL 341 21/12/93 15:31.20            MOSCOW BANK ROUBLE RATES Dec 21 Noon Dollars Marks Buy Sell Buy Sell Mezhkombank 1255.7 1294 731.76 757.91 Menatep 1265 1295 735 755 MosBiznes 1280 1310 740 770 Mytyshch 1200 1290.6 701 753 NGS 1270 1330 730 751 Sberbank 1275 1305 743 761 MosInterReg Commercial 1270 1300 710 750 Neftekhim 1240 1310 -- -- RosKredit 1245 1299 745 766 RosMedbank 1234 1300 720 770 RNKB 1180 -- 688 --  2/3 MICE Russia banks Voucher BusinessIndex

P341 RTR R-TEL 341 21/12/93 15:32.12            MOSCOW BANK ROUBLE RATES Dec 21 Noon Dollars Marks Buy Sell Buy Sell Stolichny 1250 1294 735 761.17 TsentroKred 1265 1295 735 755 Eleksbank 1295 1310 730 760 Eskado 1270 1330 -- -- Tjlebank 1260 1310 730 790 Svyazbank 1285 1310 740 --  3/3 MICE Russia banks Voucher BusinessIndex