ARMENIAN CONVERSEBANK STATS COUPON PAYMENTS

ARKA
March 19, 2009

YEREVAN, March 19. /ARKA/. On March 16, the Armenian Conversebank
started effecting interim coupon payments on medium-term nominal bonds.

The Public Relations Department, Conversebank, reports that a total
of 7,871,000 AMD are intended for coupon payments (787.1 AMD per
coupon). As of March 17, the bank paid 7,866,277 AMD.

The placement of first tranche of medium-term nominal coupon bonds
started on December 16, 2008.

The nominal amount of bonds placed is 300mln AMD. The bonds were
placed for three years, the annual bond yield being 10.64% Coupon
payments will be effected on a quarterly basis.

The bank issued bonds to the total amount of 1.5bln AMD – 50,000 bonds,
the face value of one bond being 30,000 AMD. Bonds will be placed in
several tranches.

The Conversebank CJSC was incorporated in 1993. The Conversebank
stockholders are Advanced Global Investment (95%) and the Armenian
Apostolic Church (5%). The bank has a 550-member staff, 25 branches
in 13 Armenian cities.