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This page includes Regulatory news filings supplied by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.

Russian Federation First Mercantile Fund Changes to Weekly Valuation

Hamilton, Bermuda: 8 July 2004 - The Directors of Russian Federation First Mercantile Fund (the "Fund") have advised the Bermuda Stock Exchange (BSX) that in order to better serve the needs of existing and future clients, the Fund will commence weekly dealing as of 9 July 2004. The price will be calculated every Friday and subscriptions and redemptions will be executed on the `dealing day', which is every Monday.