BEELINE COMPANY MAIN SPONSOR OF OLYMPIC TEAM OF ARMENIA

Noyan Tapan
April 25, 2008

YEREVAN, APRIL 25, NOYAN TAPAN. On April 25, a sponsorship agreement
was signed between Armentel CJSC (which provides telecommunication
service with the Beeline trade mark) and the National Olympic Committee
of Armenia. Gagik Tsarukian, the Chairman of the National Olympic
Committee of Armenia, and Genady Kalgashkin, the acting Director
General of the Beeline company signed the agreement. A memorandum of
cooperation was also signed between Armen Grigorian, the RA Minister
of Sport and Youth Affairs, and Dmitry Pleskonos, the Chairman of
the Board of Directors of the Beeline company.

The agreement and the memorandum are aimed at assisting the preparation
of the olympic team of Armenia for the Beijing Olympic Games.