ARMSWISSBANK BECOMES MARKET MAKER FOR NEWLY LISTED "VALETTA" LLC BONDS

ARKA
Oct 8, 2008

YEREVAN, October 8. /ARKA/. ArmSwissBank becomes a market maker for
newly listed "VALETTA" LLC bonds.

Starting from October 7, ArmSwissBank is to officially provide buy and
sell prices for the third tranche of nominal coupon bonds of "VALLETTA"
LLC (Armex: VALTB3), Marketing and Communication Department of NASDAQ
OMX Armenia reported. In its status of a market maker ArmSwissBank is
to ensure that investors are always able to buy and sell the bonds
of the company on Armex to promote liquidity of the securities on
the secondary market.

The third tranche consists of 10,000 bonds with nominal value of AMD
50,000, maturity 36 months, and coupon yield of 11% per annum. The
bonds have been listed on the Armenian Stock Exchange (Armex) since
September 25, 2008.

ArmSwissBank that has been a member of the stock exchange since
September 2007, is currently also the market maker for the bonds
of previous issues by Valletta (VALTB1, VALTB2), as well as the
bonds of ArmRosGasProm (HRGAB2), Armenian Copper Programme (ARCPB1),
and Express Credit Universal Credit Organization (XPKUB1). All the
mentioned bonds all listed on Armex.

Valletta LLC has been operating in Armenia since 1990. Its main fields
of activities are trade (export-import, wholesale-retail sale), fast
food (SFC), tea and coffee production and promotion of enterpr ises
to an independent status. The company has processing enterprises,
restaurants, shop networks, house appliance importing firms.

In January 2008, Swedish exchange operator OMX Group acquired 100%
of shares of the Armenian Stock Exchange (Armex) and the Central
Depository of Armenia (CDA). After the combination of NASDAQ and OMX
in March 2008, Armex and CDA have become fully owned by the NASDAQ
OMX Group, Inc. ($1=304.05Drams).