On August 25th, 2008 the Central Bank of Armenia passed a resolution to register the prospectus on Valletta Ltd’s bonds issue. On September 2-15 ARMSWISSBANK will carry out the placement of Valletta Ltd’s non-documentary partial maturity coupon bonds with the following terms through public offering: total volume – AMD 500,000,000; face value – AMD 50,000; amount – 10,000; coupon rate – 11%; maturity – 36 months; coupon payment – semiannual; partial repayments – on 02.09.2010 and 02.09.2011. 8,000 bonds with total volume of AMD 400,000,000 will be placed through public offering, and the remaining 2,000 bonds with total volume of AMD 100,000,000 will be purchased by ARMSWISSBANK. Physical and legal entities may participate in the offering by submitting to ARMSWISSBANK an appropriately filled purchase order, an example of which is presented in the prospectus. Investors may get the order form on-site.