MICROSOFT TO PROVIDE SOFTWARE TO "ELECTRIC NETWORKS OF ARMENIA"

ARKA
May 23, 2008

YEREVAN, May 23. /ARKA/. General Director of "Electric Networks of
Armenia" Yevgeniy Gladunchik and Director of Microsoft in Armenia
Grigor Barseghian signed an agreement on cooperation for three years.

Under the agreement, Microsoft is to provide a complete range of
services to "Electric Networks of Armenia", particularly recent
licensed software under preferential terms, Barseghian said. He also
reported that Microsoft is to provide consulting services to raise
the professional skills of the staff of "Electric Networks of Armenia".

Barseghian gave high appraisal of the contribution of "Electric
Networks of Armenia" to the country’s economy. The quality of services
offered by the "Electric Networks" is being improved, and the company
provides uninterrupted power supply to its clients," he said.

According to him, the agreement raises the level of long-year
cooperation between Microsoft and "Electric Networks of Armenia"
to a new level.

Gladunchik, in his turn, considered it an honor to work with a world’s
leading company like Microsoft.

Russian INTER RAO EES holds 100% of the shares of "Electric Networks
of Armenia" CJSC. Distribution and sale of electricity is the
main activity of the company. The company provides services to
approximately 935,000 consumers and has 12 branches (including 5
branches in Yerevan).

On January 30 2007, the Armenian Government and Microsoft Corporation
signed an agreement on cooperation in Edinburgh. Under the agreement,
Microsoft is to implement a number of investment, educational and
innovation projects in Armenia.