Armrusgasprom Shareholders To Hold Annual Meeting In Yerevan

ARMRUSGASPROM SHAREHOLDERS TO HOLD ANNUAL MEETING IN YEREVAN

ARKA
June 22, 2009

YEREVAN, June 22. /ARKA/. The shareholders of Armenia’s gas
distribution monopoly ArmRusGasProm are to hold today an annual
meeting in Yerevan, said Valery Golubev, Gazprom representative.

"The annual meeting will focus on the company’s dividend policy,
social programs implementation and the price policy," he was quoted
as saying at a conference Armenia at the Crossroads of Communication.

The shareholders are to sum up the economic year of 2008, Golubev
added.

Established in 1997, Armenia’s gas distribution monopoly ArmRusGasProm
is owned by the Russian gas giant Gazprom (80%) and the RA Ministry of
Energy and Natural Resources (20%). The company’s authorized capital
amounts to $580.8mln.

Russian natural gas supplies to Armenia pass through the territory
of Georgia.