COMPANIES GIVE POSITIVE ASSESSMENTS TO THE PROSPECTS OF ENTERING THE ARMENIAN MARKET OF CAPITAL

Mediamax News Agency, Armenia
June 6 2007

Yerevan, June 6 /Mediamax/. The results of a few companies’ entrance
to the Armenian market of capital may become a catching example
for others.

Mediamax reports that the Chairman of the Central Bank of Armenia
Tigran Sarkisian said this in Yerevan today, speaking during the
"Development Prospects of Armenian Market of Capital" round-table.

According to him, once 5 large companies enter the market of capital,
the others may wish to transform into joint-stock companies.

The General Director of "ArmRosGazprom" CJSC Karen Karapetian noted
that the Swedish OMS Group chose the right time to enter the Armenian
market of capital.

"We are interested in the prospect of cooperation with OMX; we have
held discussions with them. In the nearest future, "ArmRosGazprom"
will start issuing the first bonds, which have good chances to become
reliable and liquid securities", Karen Karapetian stated.

According to the founder of "Sil" Concern Khachatur Sukiasian, at
the initial stage of formation of the Armenian market, a decisive
role may be played by the Armenian Diaspora, providing inflow of
capital to the country. He stressed that the formation of the market
of securities is very important from the point of view of reformation
of the pension system as well.

The industrial sector of "Sil" Concern is ready for cooperation with
various financial structures and, in particular, with OMX, Khachatur
Sukiasian stressed.

The Director of Armenian Copper Programme (ACP) Company Gagik
Arzumanian voiced hope that the initiative on reanimation of the
Armenian market of capital will be a success.