AMD/USD exchange rate falls on Armex

AMD/USD EXCHANGE RATE FALLS ON ARMEX

ARKA News Agency, Armenia
Aug. 8, 2006

YEREVAN, August 8. /ARKA/. A 5.7 point fall in the AMD/USD exchange
rate has been recorded on the Armenian Stock Exchange – down to
AMD 399.94/$1.

According to the information reported to ARKA, a 10.81 point or 2.63%
fall in the USD average exchange rate has been recorded since the
beginning of August.

On August 8, 2006, the AMD/USD exchange rate was AMD 399.94/$1 against
AMD 405.67/$1 on August 7, 2006.

The largest fall in the USD exchange rate in 2006 has been recorded
during one session.

Forty-four transactions worth $5,551ths have been effected on ARMEX
today. $374ths demand for USD was recorded at an average exchange
rate of AMD 398.53/$1, and $150ths supply at an average echange rate
of AMD 401.53.

No transactions with EURO have been effected on ARMEX.

The CBA has set the following exchange rates: $1/AMD 406.13 and EUR
1/AMD 519.52. P.T. -0–