ARMROSGAZPROM (ARMENIA) PROLONGS ACTION WITHOUT UP-FRONT MONEY

/ARKA/
May 26, 2009

YEREVAN, May 26. /ARKA/. The ArmRosgazprom CJSC has prolonged the
gas-supply installation Action without Up-Front Money. "Meeting the
wishes of numerous citizens, the ArmRozgasprom CJSC is prolonging the
Action without Up-Front Money until October 1, 2009, on the following
terms: the citizens that apply for gas-supply installation within the
terms set by contracts before October 1 will pay 80% of the amount and
will be exempted from the 40,000 AMD prepayments, reported the company.

As of May 22, the 580 thousandth gas user was connected to the Armenian
gas-supply system.

ArmRosGazprom (ARG) was founded in 1997 as a joint Russian-Armenian
natural gas pipeline project.

The company organizes the gas supply for Armenia’s domestic gas market.

Russian gas is supplied to Armenia via Georgia. Gazprom’s share in
the company authorized capital is 80%, the Armenian Government share
being 20%.