General Meeting of Armrosgasprom’s Stockholders to Be Held in Yerevan
on June 27

YEREVAN, May 30. /ARKA/. A general meeting of the stockholders of
ArmRosgasprom closed joint stock company is to be held in Yerevan on
June 27. This decision was made at the regular meeting of the company’s
Directors Board, the Press Service of ArmRosgasprom reported.

The Directors Board approved the agenda for the upcoming general
meeting. Among other issues discussed were the annual report, balance
sheet and profit and loss statement of the company for 2007.

The Directors Board of ArmRosgasprom took notice of the reported course
of implementation of the Agreement between Armenian Government and
Gasprom open joint stock company on Gasprom’s involvement in gas and
energy projects in the territory of Armenia.

`ArmRosgasprom’ holds the monopoly for supply and distribution of the
Russian natural gas on the domestic market of Armenia. The company was
founded in 1997. Its capital is $580mln currently. The shareholders are
`Gasprom’ open joint stock company (72.16%), Armenia’s Ministry of
Energy and Natural Resources (22.78%) and `Itera’ oil and gas company
(5.06%). -0–