The MICEX board decided to add Metropol Golden Fleece, Metropol Athena, Metropol Zeus investment units to the MICEX OTC. Trading started on August 27, 2004. Now investors are provided with an opportunity to buy and sell investment units through an exchange which makes the process easier. Transactions can be made at any time and in any city in the nearest brokerage or bank accredited with the MICEX State Securities Market. Quoted units confirm that METROPOL manages assets by the highest standards. The company’s managers believe that trading of units provides an additional impetus to the development of collective investments in Russia. The METROPOL asset management company constitutes part of the METROPOL Group of Companies which is ranked fifth by equity. The 4Q03 managed assets growth earned the company a place among the top three (NAUFOR data). The management company was granted the highest stability rating “A” by NAUFOR. The company’s equity equals RUB 120 mn.; RUB 800 mn. are under management. The METROPOL asset management company was set up by the METROPOL Company’s specialists known in the stock market since 1996. The company services include management of assets of investment funds, private pension funds, the

State Pension Fund and trust management.

For more information visit http://am.metropol.ru and call (095) 741-70-50