Change in the group of primary dealers

There has been a change in the group of primary dealers of Hungarian government securities as of July 4, 2005. The primary dealer membership of Dresdner Bank (Hungaria) Rt. has been taken over by Dresdner Bank AG (DE-60301 Frankfurt am Main, Jürgen Ponto Platz 1.) as legal successor.

With the above mentioned change the list of primary dealers is the following as of July 4, 2005:

1. CIB Közép-Európai Nemzetközi Bank Rt.

2. Citibank Rt.

3. Deutsche Bank Rt.

4. Dresdner Bank AG

5. ERSTE Bank Befektetési Magyarország Rt.

6. HVB Bank Hungary Rt.

7. ING Bank Rt.

8. Kereskedelmi és Hitelbank Rt.

9. Magyar Külkereskedelmi Bank Rt.

10. Országos Takarékpénztár és Kereskedelmi Bank Rt.

11. Magyar Takarékszövetkezeti Bank Rt.

Budapest, July 4, 2005