RANK     STOCK EXCHANGE     MARKET CAPITALISATION

1.       New York           8,721,440.1
2.       Tokyo              2,345,347.7
3.       Chicago #          2,051,277.9
4.       London             2,026,105.7
5.       Nasdaq  #          1,825,228.3
6.       Germany              793,049.7
7.       Paris                655,440.4
8.       Toronto              553,749.1
9.       Switzerland          548,979.4
10.      Hong Kong            409,506.1
11.      Amsterdam            350,006.0
12.      Italy                313,510.3
13.      Australian           293,880.3
14.      Madrid               282,852.0
15.      Taiwan               273,281.2
16.      Stockholm            270,692.2
17.      Sao Paulo            245,597.9
18.      Rio de Janeiro       241,462.7
19.      JOHANNESBURG         234,317.8
20.      Bilbao               220,616.9
# Statistics not available for October 1997, September 1997 figures have been used.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

For further information contact Ailsa Thorpe at the Johannesburg Stock Exchange - Tel: +27 11 377 2306, Fax: +27 11 834 7402, Web:http://www.jse.co.za