Profitability of investment in OGSS

Income from transactions with government savings loan bonds (OGSS)

Series number Nominal value (RUB) Bond maturity date Purchase price as of 08/31/98 (RUB) Sale price as of 08/31/98 (RUB) Yield (%) for two weeks for the last month for the last quarter

13	500	04/23/99	361.36	505.36	-33.14	-32.40	-28.25
14	500	05/21/99	313.36	497.36	-41.60	-40.82	-37.52
15	500	06.25.99	284.82	502.82	-47.15	-47.55	-49.66
16	500	07.23.99	307.76	582.76	-51.82	-46.10	-44.27
17	500	02.09.99	341.38	571.38	-40.33	-39.52	-36.84
18	500	09.24.99	331.93	551.93	-40.79	-40.08	-37.67
19	500	08.10.99	310.59	520.59	-42.56	-41.92	-38.96
20	500	05.11.99	309.01	509.01	-42.58	-41.82	-39.43
21	500	11/26/99	305.29	490.29	-42.45	-41.67	-39.12
22	500	12/24/99	286.46	503.46	-46.90	-47.31	-49.46
23	500	21.01.00	308.45	584.45	-51.49	-46.22	-43.87
24	500	18.02.00	247.62	496.62	-60.12	-56.66	-54.55
25	500	03.25.99	331.48	552.48	-41.40	-40.60	-37.61
26	500	04/22/99	305.71	510.71	-42.41	-41.76	-39.34
27	500	20.05.00	316.78	492.78	-40.00	-39.24	-36.89
28	500	17.06.00	285.39	488.39	-45.77	-45.38	n/a
29	500	14.07.00	260.04	490.04	-51.04	-50.96	n/a

Income from transactions with government savings bonds is not subject to tax. Included in total annual income if it exceeds 1,000 minimum wages (RUB 84,390). OGSS quotes provided by Sberbank of Russia.
n/a — the indicator is missing or its correct calculation is impossible.

Newspaper "Kommersant" No. 161 dated 09/02/1998, p. 9