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November 12, 2003

On 12th November the Federal Securities Committee registered trust management regulations for three share funds managed by IFC Metropol Management Company: Metropol Zeus (bond fund) Metropol Golden Fleece (stocks fund) and Metropol Athena.

On 12th November the Federal Securities Committee registered trust management regulations for three share funds managed by IFC Metropol Management Company: Metropol Zeus (bond fund) Metropol Golden Fleece (stocks fund) and Metropol Athena (mixed investment fund).

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"METROPOL" Investment Financial Company Ltd.
Phone: 8 (495) 933-3310
Address: 13 bld 1 Donskaya str, Moscow, Russia 119049