ARMENIAN STOCK EXCHANGE TO BE INCLUDED IN OMX STRUCTURES BY END OF 2006

YEREVAN, JULY 26, NOYAN TAPAN. It is planned that by the end of the
year the Armenian stock exchange will be included in the structures
of Swedish-Finnish OMX AB company of financial services. CBA Chairman
Tigran Sargsian reported this at the July 25 press conference. In
his words, at present OMX is studying the potential of Armenian
securities market.

According to CBA Chairman, cooperation with OMX pursues the goal
to establish contacts with Armenian and international financial,
in particular, securities markets.

To recap, stock exchanges of Sweden, Finland, Copenhagen, Vilnius,
Tallin and Riga make part of OMX structures.