PRESS RELEASE

The ECB’s gold sales

31 March 2006

The European Central Bank (ECB) has completed a programme of gold sales amounting to 57 tons of gold. These sales are in full conformity with the Central Banks’ Gold Agreement, dated 27 September 2004, of which the ECB is a signatory. It is not the ECB’s intention to sell more gold for the second year of the agreement, starting on 27 September 2005 and ending on 26 September 2006.

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