SHARES OF "ARTSAKH HEK" OJSC

Type                                                              Registered common shares  

Total Offer Volume                                      AMD 1,400,000,000

Total quantity of offered shares                    1,400,000

Face Value                                                   AMD 1,000

Offer price                                                     AMD 1,100

Placement volume                                      AMD 1,554,000,000

Total quantity of allocated shares            1,400,000

Underwriter and settlement bank            “ARMSWISSBANK” CJSC




* In case of discrepancies between the published Armenian and English language information, the Armenian information prevails.