AVERAGE EXCHANGE RATE OF USD 375.22 DRAMS FOR $1 AT NASDAQ OMX STOCK EXCHANGE ON MARCH 17

ARKA
March 17, 2009

YEREVAN, March 17. /ARKA/. The average weighted exchange rate of USD
was 375.22 drams for $1 at the NASDAQ OMX Stock Exchange on March 17.

As compared with the previous day, the rate increased by 1.2 percentage
points, Armenian Stock Exchange reported.

Fifty-six transactions were effected for a total of $5.1mln (AMD
1.9bln in dram equivalent) today.

According to the NASDAQ OMX Armenia Stock Exchange, no transactions
were effected in EURO on March 17.

The average market exchange rates on March 17 were as follows: $1=
372.11 AMD.