BONDS OF VALLETTA CJSC’s THIRD TRANCHE LISTED ON ARMENIAN STOCK EXCHANGE

Noyan Tapan

Se p 29, 2008

YEREVAN, SEPTEMBER 29, NOYAN TAPAN. Registered coupon bonds of Valletta
CJSC were listed as Bbonds (lowest category) on the Armenian Stock
Exchange (ASE) on September 25, 2008. The company’s 10 thousand bonds
of the nominal value of 50 thousand drams (about 165.6 dollars) each
were listed. They have 36 months’ redemption period and an annual
coupon yield of 11%. The bonds have an abbreviation VALTB3 on ASE.

The first two tranches of Valletta’s corporate bonds with an annual
coupon yield of 10.5% (to be redeemed in 2009) – VALTB1 and VALTB2
are also listed on ASE now.

Valletta CJSC () operates in various spheres of
business, including food production, wholesale and retail trade,
sale and service of domestic appliances, and a network of public
catering facilities and entertainment centers.