On September 2, 2008, during the first day of placement of Valletta Ltd’s bonds of the 3rd issue 4 transactions were concluded to the amount of AMD 232.6 mln, which makes up 46.5% of the total volume to be allocated. ARMSWISSBANK CJSC has purchased bonds to the amount of AMD 100.0 mln to effectively organize its market making activities in the secondary market. The placement of the bonds will continue till September 13, 2008 (by the resolution of RA Government the workday of September 15 was moved to September 13). To purchase the bonds yet not placed, interesting parties may apply to ARMSWISSBANK CJSC presenting an appropriately filled purchase order. Order forms may also be acquired on-site. Investors making over AMD 50.0 mln purchase will be paid a premium of 0.2% by ARMSWISSBANK.