On June 18th “ARMSWISSBANK” CJSC submitted the prospectus on the issuance of corporate bonds of “ArmRusgasard” CJSC to the Central Bank of RA for registration. Prior to May 20th of 2008 “ARMSWISSBANK” CJSC and “ArmRusgasard” CJSC concluded a contract on provision of securities issuance and allocation services, according to which it is projected to issue bonds in the amount of AMD 1.0 bln and with maturity of 36 months. Allocation of the bonds will be carried out through public offering. Additional information about the public offering and allocation will be published by the Bank and the Company after the registration of the prospectus.