PRESS RELEASE

March 6, 2009

American University of Armenia Corporation
300 Lakeside Drive, 5th Floor
Oakland, CA 94612
Telephone: (510) 987-9452
Fax: (510) 208-3576
Contact: Gaiane Khachatrian
E-mail: Gaiane@auac.net

American University of Armenia Receives $400,000 Grant from The Lincy
Foundation

The American University of Armenia (AUA) has received a grant of $400,000
from The Lincy Foundation for general operating support for the university.
In accepting this generous contribution, AUA’s President Dr. Haroutune
Armenian noted that The Lincy Foundation is ensuring that Armenia’s future
generations will have access to quality, American-accredited higher
education, offered in their home country.

"The Lincy Foundation’s commitment to fulfilling the aspirations of
Armenia’s students for professional degrees and higher learning is truly
visionary, and I thank The Lincy Foundation for continuing its tradition of
solid support for AUA. This gift will provide benefits for Armenia for
decades to come, as AUA’s graduates rise to leadership roles throughout
Armenia."

As faculty, students and AUA research centers move into the newly completed
Paramaz Avedisian Building, Dr. Armenian is hopeful that AUA’s enrollment
will begin to soar, bringing even more stimulus to Armenia’s intellectual
circles. AUA is now encouraging graduate students from the United States
and around the world to consider spending a semester or a year studying
abroad at AUA in Yerevan, or applying to one of AUA’s graduate degree
programs. Says Dr. Armenian, "As difficult as the global economic climate
is currently, AUA is a safe haven in the storm, and a wonderful environment
for learning." AUA welcomes new donors to join The Lincy Foundation in
investing in Armenia’s academic future.