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Auction No. 77

Date:1st July 2008

Security No. 151,152

Following is the result of Capital Notes Auction of Tuesday 01-07- 2008.

28 Day notes

Announced Amount	200,000,000.00 Afs
Total Bid Amount	335,000,000.00 Afs
Amount Auctioned	335,000,000.00 Afs
Winning Bid rates	14.89%-15.00%-15.02 %-15.04%-
Weighted Average winning bids	14.99%
Number of Bidders	4
Number of Winning Bidders	4
Cu Highest Ratet Off Rate	15.04%
	15.04%

182 Days

Announced Amount	100,000,000.00 Afs
Total Bid Amount	210,000,000.00 Afs
Amount Auctioned	Not Awarded
Winning Bid rates	0
Weighted Average winning bids	0
Number of Bidders	2
Number of Winning Bidders	0
Cut Off Rate	0
Highest Rate	0

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