VISION EXPANDS INTO ARMENIA

Financial Mirror, Cyprus
March 27 2006

Vision International People Group Public Ltd. announced the expansion
of its operations to Armenia through the establishment of Armenia
Vision LLC, a wholly-owned subsidiary. The aforementioned company
operates the downstream selling and distribution activities of the
Company and commenced trading on March 25, 2006 from its new centre
in Yerevan.

In a separate announcement, Vision International People Group Public
Ltd announced the resignation of Stuart J.Ord from the position
of Investor Liaison Executive of the Company. The Company will be
appointing a new Investor Liaison Executive shortly.