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     C. Foreign Exchange Rates & Gold prices

Average exchange rate   (L.E)
(transfers - buy )

 Jan.  2007 Dec. 2007 Jan.  2008*

  US $

 5.69 5.52 5.47

  Euro

 7.40 8.05 8.06

  Sterling Pound

 11.16 11.16 10.77

  100 Yen

 4.73 4.92 5.04

             * Preliminary figures  - average of the period (1-20 Jan. 2008)

                     Source: Central Bank of Egypt

Average prices of gold   (L.E)

 Jan.   2007

Dec.  2007

 Jan.  2008*

 Golden Sterling Pound

 798.2 992.5 1068.8

 gram(21 kt)

 99.8 124.1 133.6

 gram(18 kt)

 85.5 106.3 114.5

         * Preliminary figures - average of the period (1-20 Jan. 2008)

                        Source: Weighted Average of Gold Daily prices.
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