[CYPRUS STOCK EXCHANGE]   12/03/96             
                           [DEBENTURES]                                         
    ISSUE      PRV.CLS.   BID     ASK    LAST   VOLUME CUM.VOL.  HIGH     LOW   
 EXE-EXCELLENT   0.22T    0.215   0.22    0.321 7900   7900       0.240   0.215 
 X-EXCEL(0.22)   0.11T     .      0.16     .                      0.220   0.085 
 X-WR(95/98)      .       0.105   0.11    0.115 10499  16499      0.125   0.090 
 UNI NO DIV 95    .       4.93     .       .                      9.100   3.700 
 UNIVERSAL        .       5.08    5.19     .                      9.400   0.450 
 BOC8% 93/96      .        .       .       .                      1.530   1.000 
 BOC8% 97/2000    .       1.58     .       .                      1.700   1.002 
 BOC7% 99/2004    .        .       .       .                      1.020   0.990 
 POP8% 89/96      .        .       .       .                      1.040   1.000 
 HEL8% 93/98      .        .       .       .                      2.350   1.080 
 HEL8% 95/99     2.10T    2.00     .       .                      2.170   1.340 
 HEL8% 97/2002    .       1.24     .       .                      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