BTA BANK (ARMENIA) ANNOUNCES RESULTS OF "FORMULA FOR SUCCESS" DEPOSIT

ARKA
Dec 24, 2008
YEREVAN

The BTA Bank (Armenia) has announced the results of a raffle on the
Formula for Success deposit held on December 20.

The bank’s press service reports that Karapet Grigoryan won the Grand
Prix, a Nissan Sunny car. A special commission was formed of bank
staffers and two depositors to hold the raffle.

All the depositors that placed money on the Formula for Success
deposit from April 1 to December 19 (except for BTA Bank staffers)
participated in the raffle.

The BTA Investbank CJSC, legal successor of the International
investment Bank founded in 1991, was renamed BTA Bank CJSC on November
7, 2008.

The bank is a strategic partner of one of the largest banks in
Kazakhstan, BTA Bank JSC, which holds 48.8% of the BTA Bank authorized
capital. The other stockholders are ZRL Company (Austria) (31.1%),
and Kazakh-Armenian MOBILEX Company (20%).

As of December 25, 2008, the total capital of the BTA Bank reached
4.3bln AMD, assets 13bln AMD, liabilities 8.7bln AMD.