[CYPRUS STOCK EXCHANGE]       22/02/96          
                           [DEBENTURES]                                         
    ISSUE      PRV.CLS.   BID     ASK    LAST   VOLUME CUM.VOL.  HIGH     LOW   
 EXE-EXCELLENT    .       0.23    0.235   0.23  17000  32000      0.240   0.215 
 X-EXCEL(0.22)   0.15T    0.15    0.175   0.15  1253   1253       0.220   0.085 
 X-WR(95/98)      .       0.125   0.13    0.124 10000  10000      0.125   0.090 
 UNI NO DIV 95    .       5.05     .       .                      9.100   3.700 
 UNIVERSAL       5 22T    5.21    5.25    5.25  1000   1000       9.400   0.450 
 BOC8% 93/96      .        .       .       .                      1.530   1.000 
 BOC8% 97/2000   1.70T    1.64    1.67   1.64   6000   6000       1.700   1.002 
 BOC7% 99/2004    .        .      1.00     .                      1.020   0.990 
 POP8% 89/96      .        .       .       .                      1.040   1.000 
 HEL8% 93/98     2.40T    2.35     .       .    2500   2500       2.350   1.080 
 HEL8% 95/99      .       2.10    2.15     .                      2.170   1.340 
 HEL8% 97/2002   1.40T    1.34    1.38    1.39  2651   2651       1.350   1.010 
 LORD7%98/2000    .        .       .       .                      1.050   1.020 
 CLA8% 99/2001    .                                               1.040   1.020 
 AST7% 2000/01                                                    1.000   1.010