[CYPRUS STOCK EXCHANGE]  22/02/96              
                        [INVESTMENT AND INSURANCE CO]                            
    ISSUE      PRV.CLS.   BID     ASK    LAST   VOLUME CUM.VOL.  HIGH     LOW   
 MIN (0.80)       .       1.13    1.16     .                      1.150   0.350 
 CYT             2.10T    2.04    2.05    2.03  2000   20A00      2.100   0.630 
 CYT WAR95/98    1.23T    1.20    1.21    1.21  2000   48000      1.260   0.400 
 ERA              .       2.25     .      2.21  1000   7600       2.220   0.501 
 ERA (0.50)      1.80T    1.70    1.84     .    2400   2400       1.750   0.320 
 ERA WR95/97     1.45T    1.39     .      1.40  1000   1000       1.260   0.490 
 EUROINVST FIN   1.43T    1.40    1.41    1.43  500    18500      1.560   0.430 
 PAN             3.10T    3.05    3.08    3.06  1000   9100       3.440   1.204 
 PAN  (0.30)     2.38T    2.34    2.39    2.36  1500   2900       2.630   0.264 
 PAN WAR92/96     .        .       .       .                      5.860   0.580 
 INTERAMERICAN   3.33T     .      3.32    3.31  1500   1500       3.420   1.900 
 INTERAM(1.40)   3.26T    3.21     .       .                      3.600   0.940 
 LIBERTY LIFE    0.96T    0.96    0.98    0.95  2000   2000       0.990   0.620 
 LIBERTY(0.40)   0.76T    0.77    0.78     .                      0.790   0.480 
 LIBERTY WR      0.58T    0.55    0.58    0.58  11886  1186       0.580   0.290