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FOR IMMEDIATE RELEASE

Tuesday, November 14, 2006

Karabakh President Meets With AGBU Central Board Members

On November 7, 2006, the President of the Nagorno Karabakh Republic,
Arkady Ghoukassian, met with AGBU President Berge Setrakian and
Board Member Michael Ansour at AGBU Central Office in Manhattan
for a discussion of the issues facing Armenians around the world,
and Karabakh in particular, today and in the years to come.

The meeting, which included the participation of Kevork Toroyan of
Armenia Fund USA and Vartan Barseghian, Permanent Representative of the
Nagorno Karabakh Republic in the USA, covered matters related to AGBU’s
extensive programming in Karabakh and points of cooperation between
the world’s largest Armenian non-profit organization and the Republic.

Mr. Setrakian highlighted AGBU’s continuing support of Karabakh’s
civil society through projects that tackle the educational, cultural
and infrastructure difficulties facing the nation.

Since 2001, AGBU has initiated and financially supported a number of
projects in Karabakh, including the reconstruction of Alex Manoogian
Street in central Stepanakert, the construction of a housing
complex for war veterans and widows, the building of Stepanakert
Secondary School #7, the establishment and funding of the Karabakh
Chamber Orchestra and the Karabakh Repopulation Project, which has
rejuvenated two villages in the southeast Hadrut region and is poised
to reconstruct two additional settlements.

Mr. Ghoukassian was in the United States to participate in Armenia
Fund’s Thanksgiving Telethon, which annually raises millions of dollars
for various projects in Armenia and Karabakh. Proceeds from Telethon
2006 will benefit the region of Hadrut in Karabakh.

Established in 1906, AGBU () is the world’s largest
non-profit Armenian organization. Headquartered in New York City
with an annual budget of $34 million, AGBU preserves and promotes
the Armenian identity and heritage through educational, cultural and
humanitarian programs, annually serving some 400,000 Armenians in
35 countries.