METROPOL Group

18 July 2005

The Open Share Investment Fund (OSIF) «METROPOL Afina» - fifth place by revenue in the rating of SIF for the first half-year of 2005.

According to the RBC Rating, the OSIF «METROPOL Afina» has taken the fifth place among the most profitable share investment funds for the first half-year of 2005. The increment of value for this period reached the level of 14,81%.

The detailed information on the SIFs of the Managing company is accessible athttp://am.metropol.ru.

Licenses:

№ 077-06136-100000, № 077-06159-010000, № 077-06168-001000 08/26/2003, № 077-06194-000100 09/02/2003,
№ 650 04/16/2004, № 3185 11/25/1999, № 21-000-1-00119 05/232003, № 077-07215-001000 12/09/2003