On April 13, 2004 the Russian FCSM registered the amendments to the regulations for the trust management of open-ended investment funds, Metropol Golden Fleece and Metropol Athena.

Since April 21, 2004 the minimal sum required to purchase investment units of Metropol Golden Fleece and Metropol Athena is RUB 3000, not RUB 300 000, the sum previously required. The minimal required sum for Metropol Zeus fund remains unchanged.

We are providing chances to a greater number of investors to invest money in the most promising financial instruments. In 2003 investors viewed collective investments as an attractive way to increase wealth through stable return. Last year unit investment funds showed a new level of profitability supported by evolving stock market and strong Russian economy.

For further information please call (095) 741-7050

Metropol Management Company rates among the five largest companies in terms of equity (NAUFOR data). Dynamics of the managed asset growth in Q403 earned the company a place among the three leading companies. NAUFOR granted Metropol management company the highest stability rating “A”.