INECOBANK BECOMES MEMBER OF NASDAQ OMX ARMENIA

ARKA
Feb 27, 2009

YEREVAN, February 27. /ARKA/. Inecobank of Armenia became member
of NASDAQ OMX Armenia on February 26, Marketing and Communications
Director of NASDAQ OMX Armenia Ruzanna Sargsyan reported.

The membership will give the bank an opportunity to effect stock
exchange transactions through all the instruments available at NASDAQ
OMX Armenia, including corporate securities listed and admitted for
exchange auctions, government bonds, REPO-agreements and foreign
exchange, Sargsyan reported.

Inecobank closed joint stock company was registered on February
7, 1996.

Currently it provides the whole range of banking services through
its headoffice and bracnhes in Yerevan and in four regions of Armenia.

The biggest stockholders of Inecobank are member of KfW group DEG
company ( Deutsche Investititions-und Entwicklunsgesellschaft mbH)
with 13.5% and the International Financial Corporation with 10%.

The remaining shares are held by private individual residents of
Armenia.

Total capital of Inecobank was about 8.4bln Drams at the end of 2008;
total assets exceeded 44.3bln Drams.

The NASDAQ OMX Group, Inc. is the world’s largest exchange company. It
delivers trading, exchange technology services across the world. With
over 3,900 companies, it is number one in worldwide listings among
major markets.

NASDAQ OMX technology supports the operations of over 60 exchanges,
clearing organizations and central securities depositorie s in more
than 50 countries.

In January 2008, Nordic 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.

On January 27 2009 Armenian Stock Exchange open joint stock company was
officially renamed as NASDAQ OMX Armenia open joint stock company. -0–