RANK     STOCK EXCHANGE     MARKET CAPITALISATION

1.       New York           8,879,630.6
2.       Chicago #          2,141,663.5
3.       Tokyo              2,085,370.3
4.       London             2,068,245.8
5.       Nasdaq  #          1,737,509.7
6.       Germany              825,232.9
7.       Paris                674,404.8
8.       Switzerland          575,339.3
9.       Toronto              567,635.1
10.      Amsterdam            468,630.7
11.      Hong Kong            413,322.6
12.      Italy                344,664.2
13.      Australian           295,765.6
14.      Madrid               290,382.9
15.      Taiwan               287,813.1
16.      Stockholm            264,710.1
17.      Sao Paulo            255,478.0
18.      Rio de Janeiro       252,845.2
19.      JOHANNESBURG         230,039.9
20.      Bilbao               227,136.6
# Statistics not available for December 1997, November 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