[CYPRUS STOCK EXCHANGE]    20/02/96           
                   [INVESTMENT AND INSURANCE CO]                            
    ISSUE      PRV.CLS.   BID     ASK    LAST   VOLUME CUM.VOL.  HIGH     LOW   
 MIN (0.80)      1.06T    1.07    1.09     .                      1.150   0.350 
 CYT             2.16T    2.14    2.15    2.16  1000   23250      2.100   0.630 
 CYT WAR95/98    1.35T    1.30    1.31    1.31  4000   9400       1.260   0.400 
 ERA             2.29T    2.34    2.35     .                      2.220   0.501 
 ERA (0.50)      1.79T    1.84    1.85     .                      1.750   0.320 
 ERA WR95/97     1.33T    1.42    1.50    1.40  10000  15000      1.260   0.490 
 EUROINVST FIN   1.43T    1.42    1.43    1.42  2000   10900      1.560   0.430 
 PAN             3.16T    3.13    3.14    3.13  2500   16500      3.440   1.204 
 PAN  (0.30)     2.44T    2.39    2.40    2.42  1000   14800      2.630   0.264 
 PAN WAR92/96     .       4.90     .       .                      5.860   0.580 
 INTERAMERICAN   3.37T    3.31    3.34    3.31  1000   1250       3.420   1.900 
 INTERAM(1.40)   3.25T    3.25    3.28     .                      3.600   0.940 
 LIBERTY LIFE    0.95T    0.94    0.95    0.95  1000   14516      0.990   0.620 
 LIBERTY(0.40)    .       0.75    0.76    0.75  400    400        0.790   0.480 
 LIBERTY WR       .       0.56    0.57    0.57  3000   3000       0.580   0.290