HAYPOST TO BE PASSED TO DUTCH COMPANY ING FOR TRUST MANAGEMNT

Noyan Tapan
Sept 11 2006

YEREVAN, SEPTEMBER 11, NOYAN TAPAN. The company Haypost will be passed
to the company ING (Netherlands) for trust management, NT correspondent
was informed from a reliable source. The above mentioned company is
engaged in postal and banking activity. The spokeswoman for Haypost
Astghik Martirosian declined to comment on the matter. To recap,
since 2005, Haypost has been passed to the international company
Converse Invest for trust management a 5-year period.