NAMIBIAN STOCK EXCHANGE: DAILY MARKET REPORT
January 3, 2005
                         
Call Marc Backhaus at the NSX on +264 61 227647 if there are any transmission problems.
BONDS LISTED ON THE NSX    
           
The GRN bonds are benchmarked to South African bonds as follows:
GC05 to R150,
GC07 to R177 changed to R194 on 23/3*,
GC10 to R153 and
GC15 to R157.
Listed Bonds    Volume  Current Yield % Previous Yield % Date Volume Year to Date
AIR NAMIBIA 15% 2004 (AN04)              REDEEMED        198,000 15.25% 15.85% 22-Jan-03   -    
GRN 12% 2005 (GC05)    24,000,000 8.15% 8.77% 21-Oct-04                    -  
AGRIBANK 15% 2006   -                        -  
GRN 12.50% 2007 (GC07)      2,390,000 10.57% 11.35% 25-Nov-04                    -  
GRN 12% 2010 (GC10)      1,000,000 10.35% 10.85% 30-Dec-04                    -  
RFA10 Loan Stock     24,000,000 11.18% 11.18% 02-Dec-04                    -  
STD BANK NAMIBIA 12% 2011 (SBN1)      1,030,000 13.62% 13.50% 17-Feb-03                    -  
BANK WINDHOEK 11% 2014 (BW01)    10,000,000 11.60%   -     06-Feb-04                    -  
GRN 13% 2015 (GC15)      6,000,000 11.25% 11.25% 29-Nov-04                    -  
GRN 10.50% 2024 (GC24)         13,000,000 12.06% 11.85% 03-Sep-04                    -  
TREASURY BILLS    Total Trades '05  0
T-Bills Discount rate Previous Discount rate Date of Tender    
91-Day 7.94% 7.48% 07-Dec-04  Total Trades '04    576,884,300
182-Day 7.79% 7.62% 01-Dec-04  Total Trades '03    475,174,620
364-Day 8.33% 7.07% 07-Dec-04