ARMBUSINESSBANK (ARMENIA) REPLENISHES AUTHORIZED CAPITAL

/ARKA/
June 1, 2009
YEREVAN

YEREVAN, June 1. /ARKA/. Armbusinessbank has replenished its authorized
capital with 3.05bln AMD. A relevant decision was made at the annual
stockholders’ meeting.

As of June 1, 2009, Armbusinessbank’s authorized capital was 8.05bln
AMD (16,100 ordinary shares with a face value of 500,000 AMD).

Among the principal stockholders of the bank are Christie Management
(56.52% or 9,100 shares), Alfa Garant (insurance) (21.74% or 3,500
shares), Ukrprombank (banking) (21.74% or 3,500 shares).

The Armbusinessbank CJSC (Arminvestbank until August 26, 2006) was
incorporated on December 10, 1991.