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21 FEBRUARY 2013: FED MINUTES SCARE MARKETS DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments Global markets turned upside down and brought the dollar back in the driver’s seat as a number of US Federal Reserve (FED) officials urged to slow down or stop buying of bonds (Q4). The minutes from last month’s meeting reveal that FED-members want to stop the buy bonding before the program’s effectiveness has been fully tested. The prospect of a halt in bond buying sent stocks sharply lower. The S&P 500 index suffered its steepest decline since November. Investors were split and bewildered whether FED doves, eager to spur growth; or more cautious colleagues were in command. The ambitious 6,5% unemployment target originally set by FED seems at risk. The new development has turned markets extremely nervous and volatile. What Wall Street wants is an absolute sign that FED will continue with bond buying for the indefinite future. The dollar skyrocketed after the minutes were published and gold and silver prices fell to its lowest level since July. Simultaneously it was rumored that a major hedge fund has liquidated large commodity positions. London copper fell to its lowest level in two months. Asian stock markets also tumbled as oil prices fell. Brent crude is down USD 2 a barrel. The MSCI index of Asia-Pacific stocks fell 1,3% after weeks shining. One of the hardest hit currencies were once again Sterling Pound (GBP) which continues to slide. During the week USD/GBP is down from 1.5475 to close to 1.52. Euro/USD has dropped to 1.3250. USD/JPY, both currencies regarded as “safe havens” when markets are volatile, traded marginally higher at 93.55. Copyright: MAYZUS Investment Company Ltd

MAYZUS WEBSITE IS NOW AVAILABLE IN FRENCH MAYZUS Investment Company is happy to announce that our corporate website and client cabinet are now available in French. For our clients it also means access to daily market reviews, email notifications and corporate news in their native language. At the moment, Mayzus.com is available in English, German, Russian, Spanish, Portuguese, Latvian, Czech, Chinese, Malay, Swedish, Polish and now French. Arabic, Estonian and Lithuanian are within our next plans. We will be glad to hear your feedback or questions via LiveChat or [email protected]. Follow us on the website and corporate Facebook page in order to stay informed about the Company’s latest news and promotions.

20 FEBRUARY 2013: MERGERS KEEP US-STOCKS HIGH DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments Both Dow Industrial and the Standard & Poor’s 500 index gained during yesterday’s session, and closed near all-time highs. Dow tipped over the 14 000 mark and ended at 14 035. The technology index, Nasdaq, was up 0,68%. A surge in mergers have stimulated market activity. There have lately been several acquisitions in a capital strong market. Fourth quarter earnings for S&P rose 5,6%. Tuesday it was rumored that the second biggest office retailer, Office Depot, was in merger talks with a smaller rival. Asian stocks rose to its highest level since August 2011 on improved global economic outlook and increased risk appetite. The South East Asian MSCI-index added 0,7% and rose for a third day in row spurred by a strong technology sector. Corporate earnings have been generally positive. A shift from defensive to cyclical stocks have also helped stock markets. Australian stocks continue to rise on better commodity perspectives. The Japanese yen regained some ground, but remained jittery. USD/JPY was swinging in a narrow range between 93,50 and 94 on concerns whether Japan may be able to pursue its strong advocated reflationary policies. The one week delay in the appointment of a new Governor for Bank of Japan, has also raised concerns. The Euro has gained ground both against yen and USD. Euro/USD trades again above 1.34. British Sterling (GBP) is under continuous pressure. GBP lunged to a seven-month low at 1.5414 yesterday. USD/GDP trades at 1.5444. The records from the last meeting in Bank of England (BOE) are expected to be released later in the week. It is said that the records contain willingness to higher inflation and monetary easing. This comes among speculation that United Kingdom soon could lose its triple A-rating. The trend in the commodity markets is positive. Copper is up. US crude steadied at USD 96,70 a barrel. Brent eased 0,2% to 117,34. Precious metals are under strong downward pressure after one of the leading market makers, George Soros, last week sold substantial qualities of gold. Copyright: MAYZUS Investment Company Ltd

19 FEBRUARY 2013: NO CURRENCY WAR, DRAGHI CLAIMS DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments In the aftermath of the G-20 meeting in Moscow leading central bankers along with the International Monetary Fund (IMF), have strongly dismissed that there is a currency war. European Central Bank President Mario Draghi tried his best to take the heat of the debate, talking to European lawmakers in Brussels yesterday; ECB is closely following the strength of the Euro, but here is no currency war, Draghi claimed. He admitted, however, that Euro’s exchange rate is important for growth and inflation in the euro zone. He feared that inflation may be pulled down, too, far. The exchange rate’s impact on inflation is closely watched. In its statement Saturday G-20 stated that there are none competitive devaluations between leading economic powers. Japan escaped open criticism for its expansive policies. Along with the US Japan has been under fire for conducting loose monetary policies. Draghi stressed that the exchange rate movements were not explicitly targeted against competitors. They are mainly results of macroeconomic policies to boost domestic economies. Japan is trying to create growth and turn decade’s stagnation around. Draghi demonstrated understanding for such moves, but urged on the other hand world partners to exercise a very, very strong verbal discipline. Whether such verbal constraint would work is early to say. But over the last 24 hours at least currency fluctuations have been minimal. Euro/USD is trading at 1.3354. USD/JPY is hovering below 94 and USD/GDP, another big loser over the last days, stays flat at 1.5475. There are small changes in oil and commodity prices. Stock markets in US was closed yesterday due to George Washington ’s Birthday. Asian shares barely moved. The Japanese Nikkei fell 0,5% eyeing appointment of a new BOJ director and risks in the euro zone. Copyright: MAYZUS Investment Company Ltd

VIDEO MARKET REVIEWS 18 February 2013: Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments MAYZUS)

18 FEBRUARY 2013: YEN PLUNGES WITH GBP UNDER PRESSURE DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments The yen continues to plunge after the G-20 meeting avoided direct criticism of Japan’s aggressive reflation plan which has seen a 20% depreciation in the relation between USD and JPY over the last couple of months. The G-20 opted not to single Tokyo out, but committed its members to refrain from competitive devaluations. Monetary policies should only be directed at price stability and growth. Japan saw the decision as a green light to pursue its expansionary policies. The dollar soared 0,7 percent to 94,17 inching closer to 94,465 reached last Monday. This is the highest level seen on Yen since May 2010. Euro/JPY traded at 125,51 close to the peak on 127,71 touched on February 6. EURO/USD is at 1.3334, stabilizing on the same level before the end of last week. The British Pound (GBP) trades at 1,5489 against the dollar close to the bottom level from last week. The weak yen had a positive influence on Japanese stocks. The Nikkei average 225 jumped 2,3% with exporters and banks being the big winners. Japan is waiting the appointment of a new Governor of Bank of Japan (BOJ). Prime Minister Shinzo Abe’s candidate, Toshiro Muto, is expected to intensify stimulus to energize the economy. The Asia Pacific, MSCI-index eased back 0,2% after reaching a 18-1/2-month high on Friday. Australian shares AXJO rose 0,5%. Markets in China and Taiwan have opened again after one week holiday. Demand for commodities are expected to be in focus as China returns to market. Policymakers in Washington are discussing a package of budget cuts to kick in on March 1st. Such austerity measures will probably have a negative impact on US growth. Crude prices are marginally down. Brent trades at USD 117,82 a barrel. Gold has rebounded from a six month low and trades at 1612 on bargain hunting and Chinese buying of physical gold after the Lunar New Year. Copyright: MAYZUS Investment Company Ltd

VIDEO MARKET REVIEWS 15 February 2013: Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments MAYZUS)

15 FEBRUARY 2013: YEN FIRM WAITING G-20 SIGNALS DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments The Japanese Nikkei fell 1,5% as the Yen firmed against the USD and Euro prior to a crucial G-20 meeting today. The strong appreciation of Yen since last December has caught worldwide attention as government and bank officials from the 20 most influential countries meet in Moscow. USD/JPY dropped from its peak level of 94,65 on Monday and trades at 92,25. JPY has also gained ground against the Euro. Data published yesterday, show that the Euro zone at the end of 2012 was slipping ever deeper into recession. The looming currency war and recessionary pressure seen most clearly in Western Europe, have focused investor’s attention back on concerns about Europe’s fundamentals. The optimism which created a strong stock market rally at the end of and the beginning of this year, seems most likely to fade away as attention turns back to the weak economic growth especially in the Euro zone. Nothing much is expected to come out of the G-20 meeting. The most likely result is that the leading powers agree to disagree on where to go from here. The Euro fell to a two weeks low against the dollar trading at 1.3350. Economic output in the 17-country euro zone fell 0,6% in the last quarter of 2012, the steepest decline since 2009 and far higher than the forecast. These results would most likely trigger a new discussion on austerity. The possibility of negative deposit rates in the euro zone also weighed in on the Euro. The pullback in the Euro lifted the dollar index, DXY, to a one month high at 80,621. Merger activity helped the Wall Street indexes higher yesterday. Heinz shares jumped 20 % when Warren Buffet’s Berkshire Hathaway declared its intention to buy the food company. A small fall in the number of Americans filing claims for unemployment benefits, also supported the market which has hovered at the same levels for the last two weeks. There is no clear upside trigger. The British pound is still struggling and trades close to 11,55 against the USD. Precious metals are falling. Oil prices are still high, but have lost ground over the last trading hours. Copyright: MAYZUS Investment Company Ltd

CHANGES IN CFD TRADING SCHEDULE We would like to inform our clients that due to the upcoming President's Day in the US, there will be changes in our CFD trading schedule for 18 February, 2013. February 18th, Monday Shares CFD: trading is closed; Indexes (E-mini NASDAQ 100,Nikkei 225,E-mini S&P 500,Mini-sized Dow): trading is closed from 18:30 (trading terminal time); Indexes (DAX): 9.00-23.00; Agriculture: trading is closed; Energy: trading is closed from 20:15 (trading terminal time); Metals: trading is closed from 20:15 (trading terminal time); Goods: trading is closed.

VIDEO MARKET REVIEWS 14 February 2013: Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments MAYZUS)

MAYZUS LAUNCHES NEW CURRENCY PAIRS Mayzus Investment Company keeps working on its promise given in the beginning of re-branding: to provide a wider range of improved financial services to all clients around the world. We’re delighted to announce that 12 currency pairs are added to the list of traded instruments for Real accounts. The list includes: AUDSGD Australian Dollar vs Singapore Dollar NZDSGD New Zealand Dollar vs Singapore Dollar EURHUF Euro vs Hungarian forint EURNOK Euro vs Norway Kroner EURCZK Euro vs Czech Koruna EURPLN Euro vs Polish Zloty EURSEK Euro vs Sweden Kronor EURDKK Euro vs Denmark Kroner EURTRY Euro vs Turkish Lira GBPPLN Great Britan vs Polish Zloty USDTRY US Dollar vs Turkish Lira CHFPLN Swiss Franc vs Polish Zloty These instruments are available since February 14, 2013. Please feel free to check them in your trading terminals. If you have any questions or feedback, we would love to hear from you via LiveChat on the website or email [email protected]. Do not forget to join our Facebook page for the latest Forex market analysis prepared daily by MAYZUS experts.

GOLD FOR CZECH AND MAYZUS TODAY? The world championship in biathlon, cross-country skiing combined with shooting, finishes in Nove Mesto in the Czech Republic with competitions today, Saturday and Sunday. The championship has been dominated by Norway and Russia, but Mayzus is knocking at the door!! The Czech team has made impressing progress. With the new Mayzus brand on the rifles, the young national team has delivered beyond expectations. In the mixed men and women relay Czech secured a bronze medal. Mayzus and the strong Czech team are aiming at gold in the finish; would it come today or during the week-end. Follow this fascinating competitions on Eurosport and national channels.

14 FEBRUARY 2013: ASIAN SHARES RISE ON RISK SENTIMENT DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments Asian shares rose on improving risk sentiment while Wall Street took a breather ahead of the G-20 meeting which starts in Moscow today. The Asia-Pacific MSCI-index and Australian shares were both up 0,6%. Dow Jones Industrial fell 0,26%. Investors remained cautious after the S&P index briefly hit its highest intraday level since November 2007. S&P is up 6,6% so far this year. The Japanese Yen continues to be in focus prior to the G-20 meeting with finance and central bank officials from the 20 biggest and most influential countries in the world. Since November Yen has lost or depreciated 20% against the USD. The fall against the Euro is even higher. The leading Western powers are all using the printing press as their major tool to stimulate economic growth and obtain trading advantages. The steep fall of the yen illustrates the depth of the non-declared currency war. At its press conference after the meeting of Bank of England (BOE) yesterday, BOE as well kept the door open for monetary easing indirectly meaning considering active use of the printing press. Taken into account that China for 10 – 15 years were under continued US pressure to appreciate their currency, power talks. An ugly currency war, might easily develop into a trading war with outright military confrontations looming in the background. The British Pound (GDP) lost more than 100 points against the Euro and USD after the BOE meeting. USD/JPY which was down in the first part of yesterday, continues to lose ground. This morning USD/JPY is trading towards 94,65 seen on Monday. This is the lowest since 2010. Euro/USD trades at 1.3450 after factory statistics yesterday demonstrated that the euro zone might have reached bottom. Copper is up while oil prices have lost ground. Brent crude trades at USD 117, 98; down one dollar a barrel since Wednesday. Copyright: MAYZUS Investment Company Ltd

WEEKLY WINNERS OF THE MAYZUS FOREX DEMO CHAMPIONSHIP FOR THE WEEK 4 - 8 FEBRUARY 2013 MAYZUS Investment Company is pleased to announce weekly winners of the Forex Demo Championship for the week 4 - 8 February 2013 1st Place – Prize $1000 goes to: Leon, acc. 451302 2nd Place – Prize $800 goes to: babypips, acc. 451018 3rd Place – Prize $500 goes to: jakir0079, acc. 431441 Most Active Trader Award – $100 goes to: photoreg, acc. 426950 Congratulations to all winners! To learn more about results from previous weeks and to track the live results of this week, please click here. We would like to take this opportunity to thank all participants and to warmly invite all of our clients to take part in our weekly Forex Demo Championship.

13 FEBRUARY 2013: YEN TURBULENCE PRIOR TO G-20 DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments There is big nervousness in the currency markets prior to the G-20 meeting in Moscow Thursday and Friday. Yesterday the Japanese Yen was in focus. Since December the Yen has fallen 13% against the USD and lost even more ground to the Euro. After two decades of stagnation there is, however, an understanding among the world’s 20 biggest developed and developing states that Japan ought to take firm steps to better its economy and secure economic growth. The Yen swung dramatically on Wednesday. A statement from the G-7 (the group of the leading 7 industrialized nations) on Japan was differently interpreted. The Japanese Minister of Finance said that the statement recognizes that Japan’s monetary easing measures were not aimed at influencing and distort foreign exchange markets. Then a G-7 official stated the exact opposite. The statement was indeed meant to express such concerns. The yen thereafter fluctuated wildly. USD/JPY was jumping up and down between 92 and 94 yen to a dollar after falling 13% since December. The incident illustrates the fear for a currency war looming in the background prior to the G-20 meeting. An effort to soothe market and avoid excessive moves in Yen had exactly the opposite effect. Other currency pairs were also affected. Euro/USD was fluctuating between 1.3325 and 1.3450. Oil prices rebounded after falling in the first part of Wednesday. New York Crude, NYMEX, is at 97 and Brent crude trades at USD 118,40 a barrel. Stocks on Wall Street closed modestly higher on Tuesday. Dow Jones was within striking distance of an all-time high as investors looked ahead to President Barack Obama’s State of the Union address. Obama challenged a divided Congress to back his proposals to create middle-class jobs and overhaul gun and immigration laws. Copyright: MAYZUS Investment Company Ltd

MAYZUS INVESTMENT COMPANY IS PROUD TO SPONSOR THE CZECH OLYMPIC BIATHLON TEAM Mayzus Investment Company strives to keep a strong tradition of sponsoring sport and cultural events. The company has sponsored various events throughout the 2012 including the painting exhibition of a French artist Françoise Moncomble and the 13th Bigger’s Better international boxing tournament with an individual support of Mairis Briedis from Latvia. This year the company continues its tradition and, in a spirit of a truly international company, became a partner of the Czech Biathlon Union (Český svaz biatlonu – ČSB). This means that from now on MAYZUS is one of the main sponsors of every upcoming event in which the Union shall participate. At MAYZUS we view sponsorships as an investment to help sustain and grow our business and as an opportunity to connect with our clients. Follow up with our company news on http://www.mayzus.com/en/news.html.

11 FEBRUARY 2013: BRENT CRUDE JUMPS TO 119 DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments Most Asian markets were closed with the Lunar New holiday shutting financial centers in China, Japan, Hong Kong, Singapore and South Korea. Trading was light and volatile. Australian shares were flat after closing on 34-month high on Friday following positive export figures from China. Brent crude oil which touched its highest in nine months on Friday, remained unchanged just below USD 119 a barrel. Foreign exchange trading was choppy with thin volumes. Traders interpreted this as a result of last week’s slightly dovish comments from the European Central Bank (ECB). The President of ECB, Mario Draghi, indirectly warning against that the raising strength of Euro may hurt economic development inside the euro zone. Euro/USD fell briefly to 1.3325 Monday morning and is now trading at 1.3375. The Japanese yen is also strengthened both against Euro and USD. USD/JPY trades at 92,25. The Euro has also weakened on the cash payment scandal in Spain which engulfs the Prime Minister. Confidence in Italy is also shaken prior to the February 24-25 elections. The worries on the euro zone debt crisis and uncertainties in the southern periphery of Europe is back on the agenda. This probably means that the upside of the Euro is likely to be short-lived and limited. European Economic and Monetary Affairs Commissioner Olli Rehn said in an interview during the weekend that EU wants closer coordination on currencies to avoid potential damaging disruptions to world trade. The remarks came amid a standoff between France and Germany over whether a strengthened Euro needs an official EU- response or should be left to the currency markets. Copyright: MAYZUS Investment Company Ltd

VIDEO MARKET REVIEWS 8 February 2013: Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments MAYZUS)

08 FEBRUARY 2013: DRAGHI TALKS DOWN THE EURO DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments The Euro dropped to its lowest level in two weeks on Friday. The fall back came after the President of ECB (the European Central Bank), Mario Draghi, at a press conference yesterday warned against a strong Euro’s negative impact on the European economy. The French President had issued a similar warning prior to the ECB meeting, underlying the risk for a currency war spurred by monetary easing in US and Japan. Currency policies will be on the top of the agenda when the G-20 meets later in the month. Draghi stressed that the exchange rate is important for growth and price stability. Draghi expected that economic activity in the euro area would gradually recover in 2013, but there are more negative than positive risks. Euro/USD traded at 1.3410 after falling close to one percent on Thursday. The Euro slipped to a two week low against the British pound which broadly strengthened on comments from the incoming Bank of England director, Mark Carney. Carney gave no hints that he favored immediate British monetary easing. Despite the decline the Euro seems relatively strong. The common currency might be supported by the perception that ECB’s monetary easing is much weaker than US Federal Reserve and Bank of Japan. While the ECB is shrinking its balance sheet, FED and BOJ are expanding theirs. The Euro is probably going to stabilize in 1.33 – 1.35 area unless there is a major upset in the forthcoming Italian elections. Shares were weaker yesterday prompted by Draghi’s comments on the Euro and Europe’s outlook. Wall Street fall and Growth sectors were especially hard hit. Asian shares, however, rose on solid Chinese trading data. China said that exports grew 25 % compared with January 2012. This confirms a solid recovery trend. Oil prices continue to rise. Brent crude is trading close to USD 118 a barrel. Copper prices are up 0,5%. Copyright: MAYZUS Investment Company Ltd

WEEKLY WINNERS OF THE MAYZUS FOREX DEMO CHAMPIONSHIP FOR THE WEEK 28 JANUARY - 1 FEBRUARY 2013 MAYZUS Investment Company is pleased to announce weekly winners of the Forex Demo Championship for the week 28 January - 1 February 2013 1st Place – Prize $1000 goes to: Lobster, acc. 450350 2nd Place – Prize $800 goes to: Flanker, acc. 437246 3rd Place – Prize $500 goes to: MarioOi, acc. 438030 Most Active Trader Award – $100 goes to: aliikhann1, acc. 440221 Congratulations to all winners! To learn more about results from previous weeks and to track the live results of this week, please click here. We would like to take this opportunity to thank all participants and to warmly invite all of our clients to take part in our weekly Forex Demo Championship.

VIDEO MARKET REVIEWS 7 February 2013: Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments MAYZUS)

TRADING SIGNALS SERVICE IS AVAILABLE FOR REALFOREX AND STP ACCOUNTS MAYZUS Investment Company is excited to announce that a new Trading Signals service by MetaQuotes Software Corp., a developer of the leading trading platform – MetaTrader, is now available for REALForex and STP account types. Trading Signals is a service that allows traders to copy trading operations from Signals providers. If you don’t have enough experience or confidence, you can always choose winning trading signals and use them to conduct your operations. Signals (paid subscription only) and signals providers pass strict moderation of MetaQuotes Software Corp., before they are released to subscribers of the service. In order to subscribe to the service you need to complete 4 simple steps: 1) Create an account at MQL5.com; 2) Select paid or free signal; 3) Specify trading server and your account number with MAYZUS Investment Company, where a signal will be used (no passwords or any other personal information is required); 4) Agree to rules of subscription to trading signals. You can also subscribe to the service from your trading terminal in MAYZUS Investment Company. Log in to the terminal, select “Signals” on the bottom panel, select a signal you’d like to subscribe to, press “Subscribe”, and in the pop-up window in the “Community” tab enter login details to your MQL5.com account. Please make sure you have the latest version of MIC MetaTrader terminal in order to install signals correctly. MAYZUS multilingual 24/5 technical support department will be happy to assist you with any questions about this new service by MAYZUS Investment Company and MetaQuotes Software Corp. Please feel free to contact our managers via LiveChat on the website or email your personal account manager. This service is offered as an additional feature to enhance the functionality of the trading platform. Please note that decision about a signal to choose is your sole responsibility. MAYZUS Investment Company Limited is not in any way responsible for the choice and/or performance of the trading signals. This news cannot be considered as an investment advice of the Company.

VIDEO MARKET REVIEWS 6 February 2013: Daily Market Reviews from Mr. Arne Treholt (Vice-President of Business Development and Investments MAYZUS)

06 FEBRUARY 2013: ASIA RECOVERS ON EURO ZONE DATA DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments Asian shares recovered on Wednesday as solid euro zone data calmed nerves stirred by potential political turmoil in Spain and Italy. Strong balance sheet numbers from the European Central Bank (ECB) and new signs of recovering inside the euro zone gave the Euro a new boost. The single currency rebounded strongly. EURO/USD trades at 1.3579. Stock markets in Europe and US also rebounded after dropping steeply on Monday. The Japanese Yen continues to be under pressure. USD/JPY touched 93,91, the highest seen since May 2010. Investors’ optimism returned when the vast US services sector extended a three year expansion in January. Business activities in the euro zone, simultaneously, showed signs of recovery. US and European stocks rallied and recouped most of their losses after a sharp sell-off and profit taking the previous session sparked by renewed worries on the euro zone debt crisis. Oil- and commodity prices rebounded. Brent crude is trading close to USD 117 a barrel. Also copper prices are up. The Japanese yen was further weakened by the prospect of a new appointment of Governor of Bank of Japan. The actual candidate is said be “dovish” and in favor of further active monetary easing steps. The present Governor would leave his post in mid-March. These news had Japan’s benchmark Nikkei index to soar 1,3% to a 33-month high. The Australian stock markets are also up accompanied by a strong Australian dollar. British Pound (GDP) is back on lowest levels seen against USD this year at 1.5661. In the US president Barack Obama urged Congress to pass a small package of spending cuts and tax reforms to delay larger, automatic cuts from going into effect and damaging the economy on March 1. The proposal was quickly rebuffed from Republicans who saw it as a bid for new tax increases. The US Justice Department yesterday initiated legal proceedings against the rating agency, Standard and Poor, which it accuses for manipulating markets and actively contributing to the financial crisis in 2008. Copyright: MAYZUS Investment Company Ltd

05 FEBRUARY 2013: EURO PLUNGES ON SPANISH TURMOIL DAILY MARKET REVIEWS by Arne Treholt Vice-President of Business Development and Investments After sniffing on 1,37 EURO/USD plunged below 1.35 yesterday and trades at present at 1.3493. The Euro has rallied against most currencies in January. At its peak Friday the EURO had since January 1st risen from 2 to 5% against all major currencies. The decline of the Euro came amidst market turmoil and volatility in the currency markets. Oil prices dropped. Brent crude fell two dollars a barrel to 115. Political turmoil and renewed fear on the sovereign debt crisis in the euro zone hit global equity markets strongly. After weeks of impressing gains shares fell steeply in Europe, United States and Asia. The Standard & Poor 500 Index faced its worst fall since November, the technology index, Nasdaq, dropped 1,5% and the MSCI index for Asia Pacific fell 0,8% after reaching a 18-month high at the beginning of the week. A grooming corruption scandal in Spain and the possibility for a return to power of Silvio Berlusconi in Italy had global markets to shiver. Prime Minister Mariano Rajoy and his party have rejected the corruption allegations, but the accusations come amidst harsh austerities and 25% unemployment furthering political instability. Spanish and Italian 10-year government bond yield rose to the highest levels in weeks and raised questions whether Spain and Italy would be able to fix their fiscal problems. Markets have over the past few months been increasingly comfortable with European risks. Political turmoil has not been taken into consideration. The outcomes in Spain and Italy are far from certain and may pose a stumbling block for further risk appetite which. This might seriously hit the Euro which also would be in for profit taking. In the short term perspective the Euro might fall back to 1.32 – 1.33. USD/JPY has taken a short pause at 92,30, but seems set for 95 during the next coming weeks. The Australian central bank kept the interest rate at 3%. This has strengthened the Australian dollar. USD/GBP is stabile trading at 1,5751. Copyright: MAYZUS Investment Company Ltd