REGISTERED COUPON BONDS OF SHEN-CONCERN LISTED UNDER BBOND

ARKA
Jan 27, 2009

YEREVAN, January 27. /ARKA/. Registered coupon bonds issued by
Shen-Concern closed joint stock company are included in Bbond exchange
list of the Armenian Stock Exchange (Armex) as of January 26 2009,
Marketing and Communication Department of NASDAQ OMX Armenia reported.

According to the press release, the fourth issue of the company’s
bonds for a total of 600mln Drams (at nominal value) was allowed for
trade on Cbond free-floor under SHNCB4 abbreviation on January 19
2009. Bond maturity period is 1,095 and coupon yield is 11% p.a.

The status of the bonds was improved based on the respective
application of Shen-Concern and taking into account that the company
met all the listing criteria for Bbond list.

Shen-Concern closed joint stock company was founded in 1995 and is the
legal successor of ArmResursImpex state-owned company. Currently, the
company is engaged in production and sales of construction materials.

Since August 2006, the company has been included in the ratings of
companies by the Central Bank of Armenia: the company has it rating
raised from "B-" to "B" in October 2007.

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 Arme x and the Central
Depository since January 7 2008.

After MASDAQ and OMX merged into one company in March 2008, NASDAQ OMX
Group Inc. became the full owner of Armex and the Central Depository
of Armenia.

Twenty-three securities have been registered and undergone listing on
Armex by January 26 2009 with the capitalization of Armex amounting
to 53.6bln Drams.

From: Emil Lazarian | Ararat NewsPress