CHANGES MADE BY ARMEX DUE TO NEW RULES AND LISTING STANDARDS

ARKA
Jan 14, 2009

YEREVAN, January 14. /ARKA/. A number of changes have occurred in
connection with the new rules and listing standards introduced on
the Armenian Stock Exchange (Armex) on December 2008.

The official website of Armex reports that registered equities of
Arpa-Sevan open joint stock company (ARBK) and Yerevan Factory of
Champagne Wines (ESHG) that were previously listed under category B,
are now allowed to auction on free share market (C).

Registered equities of Almast open joint stock company (ALMS), Armenian
Development Bank OJSC (ZHBK; ZHBKP4), Yerevan Jewelry Factory OJSC
(EJWG), Gnomon Jewelry Factory-1 OJSC (EVG1) and Pure Iron factory
OJSC (MQER), listed under C1 before, have been also allowed to free
share market trade (C).

Registered coupon bonds of Araratbank open joint stock company (ARBKB2)
are moved from Abond list to Bbond list.

Registered coupon bonds (ELTGB1) and registered discount bonds (ELTGB2)
of Elite Group closed joint stock company, as well as registered
coupon bonds of Tonton investment CJSC (TNTNB1) listed under Bbond
before are allowed to trade on Cbond free bond market now.

Armenian Stock Exchange (Armex) is a self-regulating organization
registered in Armenia on February 13 2001 embracing 21 dealer
organizations. On November 9 Armex was reorganized to an open joint
stock company. OMX has been the 100% owner of Armex and the Central

Depository since January 7 2008.

By January 13 2009, 21 securities were registered and listed
on Armex with the capitalization of Armex amounting to 54bln
Drams. ($1=305.66Drams).

From: Emil Lazarian | Ararat NewsPress