COMPANY NEWS.

1. DIRECTORS OF THE OKTYABRSKAYA RAILWAY PLAN TO PUT INTO OPERATION A SECOND
   HIGH SPEED TRAIN MOSCOW - ST.PETERSBURG IN SUMMER 1995.
2. ST.PETERSBURG COMPANY MEKHANOBR-TEKHNIKA HAS GIVEN THE RIGHT TO PRODUCE
   CRUSHERS FOR MINING ENTERPRISES DESIGNED BY ITS ENGINEERS TO THE US
   CONCERN PROCESS TECHNOLOGY HOLDINGS (PTH).
3. PROBLEMS OF RUSSIAN POWER INDUSTRY.
4. POPULAR CARS ZHIGULI WILL SOON BE EQUIPPED WITH DIESEL ENGINES INSTEAD OF
   GASOLINE ONES.
5. ONE OF RUSSIA'S OLDEST BREWERIES - MOSCOVSKY TRYOHGORNY ZAVOD - AND THE
   FRENCH COMPANY BRASSERIE & GLACIER INTERNACIONALE SIGNED AN AGREEMENT
   ABOUT LAUNCHING A JOINT VENTURE.
6. PRICES FOR PUBLIC TRANSPORTS IN MOSCOW RAISED BY 50 PER CENT ON JANUARY 20.
7. SEVENTH MOSCOW INTERNATIONAL FAIR OF CONSUMER GOODS "CONSUMEXPO-95" WAS
   INAUGURATED IN MOSCOW AT THE EXHIBITION CENTER IN KRASNAYA PRESNYA.
8. MARKETING COMPANY PROFINDEX COMPLETED AN INDEPENDENT RESEARCH OF FOOD
   STORES OF ST.PETERSBURG.
9. FOREIGN CARS ON THE RUSSIAN MARKET.
10. IMPORTS OF FOOD PRODUCTS IN 1994.
11. THE SITUATION ON THE RUSSIAN LABOR MARKET GREW WORSE IN LATE 1994.