Rosgosstrakh-Armenia Company Granred Nonlife Insurance Licence

ROSGOSSTRAKH-ARMENIA COMPANY GRANRED NONLIFE INSURANCE LICENCE

Noyan Tapan

Ma y 20, 2008

YEREVAN, MAY 20, NOYAN TAPAN. At the May 20 sitting of the Central Bank
of Armenia (CBA) Board, which was conducted by the CBA deputy chairman
Artur Javadian, a decision was made to register Rosgosstrakh-Armenia
company and grant it a licence for nonlife insurance of the following
types: accident insurance, cargo insurance, overland transport
insurance (except for railway), fire and natural disaster insurance,
insurance of other damage to property, insurance of responsibility
for the use of overland transport means, insurance of overall
responsibility.

According to a press release of the CBA, the CBA Board approved
the execution of the 2007 annual program and the 2008 1st quarterly
program on expenditure budgets and capital investments of the CBA,
as well as the CBA’s financial report for 1st quarter, 2008.

By the CBA Board’s decision, Depi Tun LLC was provided permission
for participation in Faster and Blizko payment and account systems,
MG Pay System CJSC was granted a licence for money transfers, and
Mitra Insurance and Reinsurance Broker LLC – a licence for insurance
brokerage.

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