SOLD SHARES TO "GAZPROM"

A1+
08:38 pm | March 24, 2009

Economy

The "Itera International Energy" LTD-shareholder of the "ArmRusGazard"
CJSC-has sold 2,800,000 ordinary nominal shares to "GazProm" OJSC
(large shareholder of "ArmRusGazard"). This makes up 4.45% of the
regulatory capital of "ArmRusGazard" CJSC and as a result, "GazProm"
currently owns 80% of shares at "ArmRusGazard".

The deal was registered at the "Armenian Central Depository" OJSC on
2009 March 12, as informed by the press service of "ArmRusGazard".