RA PRIME MINISTER TIGRAN SARGSYAN RECEIVED DIRECTOR GENERAL OF FRANCE TELECOM (ORANGE ARMENIA) BRUNO DUTOIS

Tuesd ay, 3 February 2009

RA Prime Minister Tigran Sargsyan received Director General of France
Telecom (Orange Armenia) Bruno Dutois. The meeting was attended by
French Ambassador to Armenia Serge Smessov, director-stakeholder of
"Grand Thornton Amio" Arman Pinarbasi.

Welcoming France Telecom’s entry into Armenia, the Prime Minister
said that the coming of a third telecom operator was long awaited
in Armenia.

Bruno Dutois thanked the Prime Minister and the government of
Armenia for having held a tender conforming to all international
standards, as well as for creating business-friendly conditions
in Armenia. Presenting the activities of France Telecom, which is
a leading telecom operator worldwide, Mr. Dutois noted that Orange
Armenia is still under formation and will have completed preparations
by the this end-of-year. He advised that the Company is going to
invest additional 70 million US dollars during 2009 in an effort to
extend the scope of its activities beyond the capital city covering
as much of population as possible.

Tigran Sargsyan emphasized that France Telecom’s arrival is an asset
to Armenia in many respects. Firstly, this will add to the competition
on the local telecom market to the benefit of Armenian consumers,
besides this will help create investment oppo rtunities and several
hundreds of new jobs. In the words of the head of government, this is
an important factor against the background of the global financial and
economic downturn. Tigran Sargsyan said to be convinced that Orange
Armenia will bring in a fresh business culture to Armenia. According
to the Prime Minister, as a surplus, the Company’s activity will
boost the Armenian-French friendly relations.

At the end of the meeting, Tigran Sargsyan wished every success
to France Telecom (Orange Armenia) throughout its activities in
our country.