HAYPOST EXECUTIVE TO INTRODUCE COMPANY’S REORGANIZATION

ARKA
April 8, 2008

YEREVAN, April 8. /ARKA/. Executive Director of the HayPost (Armenian
Post) Hans Boon will introduce the company’s reorganization on
April 10.

The reorganized HayPost departments will carry out specific activities,
which will enhance the company’s effectiveness, the press service of
HayPost reports.

The company will pay a particular attention to implementation of new
services and modernization of traditional mail service.

HayPost also focuses on upgrading professional skills of its employees.

The HayPost CJSC is the official national postal operator of
the Republic of Armenia which provides postal, payment and retail
services. HayPost currently operates through 900 of its postal offices
across Armenia, from urban to the most remote rural regions.

On November 30, 2006, the Dutch HayPost Trust Management B.V. was
given the responsibility to operate HayPost. The purpose of
the Trust Management is to make HayPost increasingly commercial,
transparent, efficient and accountable for its customers in Armenia
and abroad. Finally, the HayPost Trust Management will establish
HayPost as a world class postal and financial services operator.