JUNE 2012 FEDERATION OF EURO ASIAN STOCK EXCHANGES

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1 FEDERATION OF EURO ASIAN STOCK EXCHANGES JUNE Address I. M. K. B EMIRGAN ISTANBUL TURKEY Tel Fax E mail secretariat@ feas. org www. feas. org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or more information, please visit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or more information, please visit IMKB CBZ8#G)**#6"$,"#($*(9*$")%:#$%#C%)")$*#[9A*)(#5N+,)%:#\C[5]#C%;+>#(&%6)6")%:#&7#"2+#6"&(H6#&7#"2+#(&-=$%)+6# "2$"#:&#=9A*)(#$%;#6"$,"#",$;)%:#&%#^BZ8#U$")&%$*#B$,H+"#$%;#/+(&%;#U$")&%$*#B$,H+"1#$%;#"2&6+#&7#,+$*#+6"$"+#)%D+6"-+%"#",96"6#$%;#D+%"9,+#($=)"$*#)%D+6"-+%"#",96"6#"2$"#6"$,"#",$;)%:#&%#^BZ8#3&**+(")D+# [,&;9("6#B$,H+"@#F2+#C[5#C%;+>#G)**#A+#($*(9*$"+;#$6#=,)(+#$%;#.)+*;#6+=$,$"+*.@#F2+#(&-=$%)+6#"2$"#:&# 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F2+3)".fZ#$*,+$;.#,9%6#$#%9-A+,#&7#-$,H+"#$;D)6&,.#:,&9=6#G2)(2#G&,H#"&#;+D+*&=#(*&6+,#A96)%+66# *)%H6#A+"G++%#"2+#0%$%()$*#$%;#=,&7+66)&%$*#6+,D)(+6#6+("&,#)%#"2+#fZ#$%;#:,&G)%:#+(&%&-)+6#69(2#$6# 8,$i)*1#<966)$1#C%;)$#$%;#32)%$@#/)-)*$,*.1#)"#)6#;+D+*&=)%:#$#%+"G&,H#&7#)%"+,%$")&%$*#0%$%()$*#(+%",+61# =,&D);)%:#$((+66#"&#G);+,#:+&:,$=2)(#$,+$6#"2,&9:2#$:,++-+%"6#G)"2#()")+6#69(2#$6#E9A$)1#B&6(&G# $%;#F&,&%"&@ For more information, please visit V+$;)%:# e,&%")+,# B$,H+"6# C%D+6"-+%"# B$%$:+,# /"9,:+&%# 3$=)"$*# (&%")%9+6# "&# +>=$%;# )"6# (&,=&,$"+# 7&&"=,)%"#)%#3+%",$*#!6)$#G)"2#"2+#$(_9)6)")&%#&7#$#ccj#+_9)".#6"$H+#)%#F$62H+%"?A$6+;#-$,H+"#*+$;)%:# A,&H+,$:+#$%;#)%D+6"-+%"#A$%H)%:#0,-#5,)+%"#/+(9,)")+6@# J59,# %+G# =$,"%+,62)=# G)"2# 5,)+%"# /+(9,)")+6# -$,H6# "2+# (&-=*+")&%# &7# &9,# "2),;# &7# 6+D+,$*# =*$%%+;# $(_9)6)")&%6#)%#*+$;)%:#)%D+6"-+%"#A$%H)%:#A96)%+66+6#$(,&66#H+.#3+%",$*#!6)$%#-$,H+"6@#k)$#/"9,:+&%# l&*;)%:6#v";1#g+#g)**#(&%")%9+#"&#)%d+6"#)%#6",$"+:)(#$(_9)6)")&%6#)%#3+%",$*#!6)$#)%#&,;+,#"&#6",+%:"2+%# $%;# ;+D+*&=# &9,# (&,=&,$"+# )%7,$6",9("9,+@#k)$# &9,# :,&G)%:# 3+%",$*#!6)$?7&(96+;# 79%;#,$%:+# G+# G)**# (&%")%9+#"&#($=)"$*)6+#&%#)%D+6"-+%"#&==&,"9%)")+6#)%#G2$"#)6#&%+#&7#"2+#7$6"+6"#:,&G)%:#,+:)&%6#&7#"2+# G&,*;#"&;$.1#.+"#),&%)($**.1#&%+#&7#"2+#*+$6"#+>=*&,+;#7,&-#$%#)%D+6"-+%"#=+,6=+(")D+@#M+#)%"+%;#"&#A+#$# 0,6"#-&D+,#)%#"2+6+#-$,H+"6@L#6$);#3*+-+%"+#3$==+**&1#345#&7#/"9,:+&%#3$=)"$*@# For more information, please visit STATISTICAL COMPARISON 2008 THRU / FEAS REGION Category # Companies Traded 11,298 10,261 10,504 9,716 10,233 Market Capitalization 559, , , , ,862.7 Total (US$ Millions Stocks) 562, , , , ,892.2 Total (# Shares Millions Stocks) 452, , , , ,839.8 Average (US$ Millions Stocks) 2, , , , ,711.7 Average (# Shares Millions Stocks) 2, , , , ,943.2 Total (US$ Millions Bonds) 453, , , , ,949.2 Total (# Shares Millions Bonds) 222, , , , ,095.4 Average (US$ Millions Bonds) 1, , , , Average (# Millions Bonds) , Total (US$ Millions Other) 2,284, ,075, ,715, ,385, ,675,977.2 Total (# Millions Other) 4, , , , Average (US$ Millions Other) 9, , , , ,694.7 Average (# Millions Other) % over 2011 % over 2010 % over 2009 % over % 2.6% 0.3% 9.4% 8.8% 13.0% 0.3% 34.6% 63.4% 65.6% 62.1% 67.6% 65.2% 55.8% 54.2% 34.8% 13.5% 19.5% 10.9% 24.6% 17.2% 7.4% 7.9% 27.6% 72.9% 74.5% 74.0% 81.1% 87.6% 64.0% 46.6% 68.5% 35.2% 39.9% 38.0% 55.1% 69.6% 13.2% 31.9% 22.1% 29.8% 38.3% 19.3% 26.6% 80.7% 88.0% 91.0% 81.6% 66.0% 42.9% 90.3% 71.6% 53.8% 70.6% 77.8% 56.0% 1. The Dow Jones FEAS IndexesSM are calculated, distributed and marketed by Dow Jones Indexes, the marketing name and a licensed trademark of CME Group Index Services LLC, pursuant to an agreement with the Federation of Euro Asian Stock s. FEAS is a service mark of the Federation of Euro Asian Stock s. Dow Jones, Dow Jones Indexes and Dow Jones FEAS IndexesSM are service marks of Dow Jones Trademark Holdings, LLC. CME is a trademark of Chicago Mercantile Inc. All content of the Dow Jones FEAS Indexes CME Group Index Services LLC 2011.

2 FEDERATION OF EURO ASIAN STOCK EXCHANGES JUNE ANNUALLIZED RETURN ON INDEX MONTHLY RETURN ON INDEX MOSTE / Montenegro Muscat SM Oman KSE 100 / Karachi Iran Jordan TASIX / Uzbekistan ISE 100 / Istanbul BIRS / Banja Luka Egyptian SE Egypt DSE Weighted Index / Syria ADX / Abu Dhabi BET / Romania LSE 25 / Lahore MOSTE / Montenegro BSE / Bulgaria Kazakhstan CROBEX / Zagreb B.I. / Macedonia SASX / Sarajevo Iraq / Iraq Al Quds / Palestine Belex15 / Serbia Belarusian C&SE Belarus KSE Index / Kyrgyz ISE 100 / Istanbul Muscat SM Oman KSE 100 / Karachi CROBEX / Zagreb BSE / Bulgaria B.I. / Macedonia Jordan 0.4 BET / Romania 2.1 SASX / Sarajevo 3.4 BIRS / Banja Luka 4.6 Egyptian SE Egypt 5.7 ADX / Abu Dhabi 6.0 Kazakhstan 7.6 LSE 25 / Lahore 8.0 Iraq / Iraq 8.1 TASIX / Uzbekistan 8.4 Al Quds / Palestine 11.9 MOSTE / Montenegro 12.4 Iran 14.2 DSE Weighted Index / Syria 15.1 Belarusian C&SE Belarus 21.1 Belex15 / Serbia Turkish Derivatives Open Interest TURKDEX (Number of Contracts Traded) DEC JAN FEB. MAR. APR. MAY ISE 100 Index Futures Equity ,877 4,622,382 4,477,918 ISE 30 Index Futures Equity 4,530,302 4,897,934 5,007, ISE Index Spread Equity ,398 1,090,563 1,113,205 U.S.Dollar Futures Foreign 1,370,529 1,213,014 1,169,656 16,918 46,941 29,009 EURO Futures Foreign 93,496 73,590 59,560 5,580 87,433 76,847 Euro/USDollar Cross Currency Foreign 145, , ,980 T Benchmark Futures Interest 20 Cotton Agriculture Wheat Agriculture Gold Precious Metal 14,121 5,297 4, ,772 6,276 USDollar/Ounce Gold Precious Metal 123, ,118 78,749 8,286 83, ,868 Base Load Electricity Energy Physically Delivered Live Cattle Agriculture Futures 6,277,756 6,512,994 6,421, ,868 5,936,370 5,837,782 TURKISH DERIVATIVES EXCHANGE (TurkDEX) 6,277,756 6,512,994 6,421, ,868 5,936,370 5,837,782 SILVER TRANSACTIONS ISTANBUL GOLD EXCHANGE (USD) (USD) (kg) (kg) Dec 11 39,087, ,776, , ,836.9 Jan 12 26,880, ,221, , ,233.5 Feb 12 67,318, ,205, , ,914.0 Mar 12 40,903, ,859, , ,760.0 Apr 12 38,496, ,924, , ,907.0 May 12 27,464, ,248, , ,348.0 GOLD TRANSACTIONS ISTANBUL GOLD EXCHANGE (USD) (USD) (kg) (kg) Dec 11 1,227,246, ,783, , ,065.4 Jan ,588, ,754, , Feb ,804, ,419, , Mar 12 1,065,988, ,454, , Apr 12 1,276,696, ,834, , , May 12 2,185,062, ,321, , , Eurasian Trading Systems (ETS) Futures Market (USD) Spot Market Data (USD) Gold Silver Oil Agricultural Trade Petroleum Trade Industrial Trade December ,046,876 95,365, ,029,125 December ,457,230 49,943,765 7,001,292 January 142,208, ,690, ,339,925 January 79,219,846 41,332,125 11,698,617 February 171,282, ,885, ,080,323 February 31,358,545 27,494,444 20,672,308 March 224,696, ,417, ,516,843 March 57,433,214 35,169,087 16,646,356 Apr 216,255,555 99,762, ,148,593 Apr 20,213,400 29,018,312 21,923,973 May 128,253,025 47,580,882 68,876,159 May 49,110,506 20,535,697 16,791,261

3 FEDERATION OF EURO ASIAN STOCK EXCHANGES JUNE MONTHLY STOCK VOLUME vs MARKET CAPITALIZATION FEAS REGION VOLUME by TYPE 1,000, , , , ,000 60,000 50,000 40,000 30,000 20,000 10,000 30% 6% 64% 0 Apr Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar May 0 Stocks Bonds Market Cap. (US$) Millions (US$) Millions Other MEMBER S AVERAGE DAILY TRADING VOLUME vs 2011 S T O C K S MEMBERS OVER US$ 11.5 (Millions US$) MEMBERS FROM US$ (Millions US$) Istanbul SE Egyptian Abu Dhabi Securities , , Market Palestine MEMBERS OVER US$ (Millions US$) MEMBERS UNDER US$ 0.1 (Millions US$) Bourse Toshkent RepublicanSE Belarusian Currency & SE Damascus Securities B O N D S MEMBERS OVER US$ 500 (Millions US$) MEMBERS FROM US$ (Millions US$) MEMBERS FROM US$ (Millions US$) MEMBERS UNDER US$ 0.16 (Millions US$) Istanbul SE ,463.4 Belarusian Currency & SE Egyptian Market Abu Dhabi Securities Armenia O T H E R MEMBERS FROM US$ (Millions US$) MEMBERS FROM US$ 0.1 (Millions US$) MEMBERS OVER US$ 650 (Millions US$) Istanbul SE 786,7 366,8 8, ,095.3 Belarusian Currency & SE Armenia Egyptian

4 FEDERATION OF EURO ASIAN STOCK EXCHANGES JUNE STOCK EXCHANGE COMPARATIVE DATA/MONTH TO MONTH, PRIOR PERIOD, AND 2011 S T O C K S Member Stock (US$ Millions) (#Millions) Abu Dahbi Securities UAE Jordan , Baku Interbank Currency (1) Bourse Belarusian Currency & SE Belarus (2) Serbia Romania Bulgaria (3) Damascus Securities Syria Egyptian Egypt Georgia Iraq Istanbul MKB Turkey Kazakstan Kyrgyzstan Macedonia (4) Moldova Montenegro Market Oman Armenia (5) Palestine Palestine (6) Iran Tirana SE Albania Uzbekistan Croatia #N/A , , , , , , , , , , , , , , , , , , , , , TOTAL 36, , , , In total trades of BBVB on US dollar in May, has taken part 13 banks. For the given month were carried out 42 trading sessions and were made 41 deals. The total amount of trades in currency section of BBVB in last month has made million AZN, and in a dollar equivalent of million. It is necessary to note, that average USD/AZN rate has made in May AZN for 1 USD. 2. * Other instruments refer to currency and futures market (only turnover), and OTC market registration totals (purchase and sale of bonds and stocks of open JSC) in a dollar equivalent ** Number of companies includes number of Issuers of both stocks and bonds.!"# $%#&'()#*+',-#./0#1./10#23453(6+#-+%#789'(:;,<:#8<=#)+'><9#%<?)<89+97(8#+8:#-+%#%9+'9<:#9(#(@<'+9<#9=(#)+'><9%#A#*+78# BSE Market and Alternative BaSE Market. In this reference, from now on, we shall present as listed the companies, whose shares are traded on the BSE market, while as registered we shall present the companies, whose shares are traded on the BaSE market. 4. Turnover is without block transactions and public auctions B"# 378,<#9-<#C<89'+D#2+8>#(&#$')<87+#:(<%#8(9#:7%,D(%<#78&(')+97(8#(8#9-<#EF;GH#<I,-+8?<#'+9<#(&#$*J#9(#9-<#K3J0#(&6,7+D# exchange rates were used in calculations. Value traded for Bonds and Stocks include values of the trades concluded through manual trades mechanism. Bonds includes trading statistics of Corporate and Government Bonds markets. Other includes trading statistics of FX market, Credit Resources market and Repo agreements statistics. Starting from 2011 Market capitalization calculation includes only stocks traded through continuous two way auction. 6. The is now publishing the data of its SASX (primary) index rather than the BIFX index (secondary). L"# M#,-+8?<#,+D,;D+97(8%#(8#78:7,<%#:(#8(9#9+><#789(#+,,(;89#,;''<8,G#N;,9;+97(8%#(8#9-7%#9+FD<"#3<<#C-+'9%#5#$:O;%9<:#P<9;'8# on Index. 8. Currency depreciation against the dollar is represented as a positive number, appreciation as negative. 9.Companies are those available for trading via both listed and unlisted or registered markets. *Statistics provided herein are as reported by the Members and are not audited by the FEAS Secretariat.

5 FEDERATION OF EURO ASIAN STOCK EXCHANGES JUNE Market Cap. INDEX EXCHANGE RATE (US$ 1) COMPANIES Market Capitalization Index (8) (8) Rate (9) (9) (9) Companies Listed/ Unlisted (10) 71, , , , #N/A #N/A #N/A 0.0 #N/A #N/A #N/A , , #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A , , #N/A #N/A , , , , , , , , , , #N/A #N/A , , , , , , , , , , , , #N/A #N/A #N/A 0.0 #N/A #N/A #N/A , , , , , #N/A #N/A #N/A , , , , , #N/A #N/A #N/A 0.0 #N/A #N/A #N/A #N/A #N/A #N/A 4, #N/A 2.5 1, , ,871.4 #N/A #N/A , , , ,

6 FEDERATION OF EURO ASIAN STOCK EXCHANGES JUNE STOCK EXCHANGE COMPARATIVE DATA/MONTH TO MONTH, PRIOR PERIOD, AND 2011 B O N D S Member Stock (US$ Millions) Abu Dahbi Securities UAE Jordan Baku Interbank Currency Bourse Belarusian Currency & SE Belarus Serbia Romania Bulgaria Damascus Securities Syria Egyptian Egypt Georgia Iraq Istanbul MKB Turkey Kazakstan Kyrgyzstan Macedonia Moldova Montenegro Market Oman Armenia Palestine Palestine Iran Tirana SE Albania , , , , , , #N/A #N/A 0.0 #N/A #N/A 0.0 #N/A #N/A #N/A #N/A , #N/A #N/A 0.1 #N/A #N/A 2.6 #N/A #N/A 157, #N/A #N/A 58,180.6 Uzbekistan Croatia 0.0 #N/A #N/A 0.00 #N/A #N/A 0.0 #N/A #N/A #N/A #N/A TOTAL 14, , The TSE is trading debt instruments only at this time, but there is no volume to date. *Statistics provided herein are as reported by the Members and are not audited by the FEAS Secretariat.

7 FEDERATION OF EURO ASIAN STOCK EXCHANGES JUNE STOCK EXCHANGE COMPARATIVE DATA/MONTH TO MONTH, PRIOR PERIOD, AND 2011 O T H E R Member Stock (US$ Millions) Abu Dahbi Securities UAE Jordan Baku Interbank Currency Bourse Belarusian Currency & SE Belarus Serbia Romania Bulgaria Damascus Securities Syria Egyptian Egypt Georgia Iraq Istanbul MKB Turkey Kazakstan Kyrgyzstan Macedonia Moldova Montenegro Market Oman Armenia Palestine Palestine Iran Tirana SE Albania , #N/A #N/A 0.0 #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A 2, , , , , , #N/A #N/A #N/A #N/A #N/A 0.0 #N/A #N/A 0.0 #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A 74.0 Uzbekistan Croatia TOTAL 318, #N/A Other instruments refer to the OTC market registration totals (purchase and sale of bonds and stocks of open JSC) in a dollar equivalent. Number of companies includes number of Issuers of both stocks and bonds. 2. EGX other volume this month stands for OTC and funds. 3. MSM carries out OTC transactions for closely held companies, which primarily transfers ownership between family members. Q"# R9-<'#78%9';)<89%#78,D;:<#ST#+8:#'<@(#+?'<<)<89%#=79-#,('@('+9<#F(8:%"#378,<#9-<#C<89'+D#2+8>#(&#$')<87+#:(<%#8(9#:7%,D(%<#78&(')+97(8#(8#EF;GH#<I,-+8?<#'+9<0#(&6,7+D#<I,-+8?<#'+9<%#=<'<#;%<:#78#,+D,;D+97(8%" *Statistics provided herein are as reported by the Members and are not audited by the FEAS Secretariat.

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