Yerevan /Mediamax/. “IMEX Group” is planning the issue and placement of corporate bonds in Armenia##.

As Mediamax was told in the press service of the company today, “the decision on issuing the bonds meets the strategic plan of “IMEX Group” on increasing openness and transparency of the activity in accordance with the new requirements of the market”.

“The Company carefully prepared for the placement, carrying out a number of structural reforms, receiving a rating from CB and realizing audit of financial accounts. To prepare for the issue of the bonds, the Company involved “AmeriaBank”, an affiliated structure of the leading Russian “Troika Dialogue” investment bank”, “IMEX” Group stated.

They stressed that the decision on the issue of securities was preceded by a detail analysis of the general macro-economic situation in Armenia, the financial sector and the local market of securities, due to which the parameters of the securities, the placement of which is planned to take place in September 2008, will be based on real market correlations.

In particular, the profitability of the bonds will be determined at the moment of placement and will presumably make 11.25%-11.5%.

Turnover term of 2 years is planned for, as well as quarterly coupon payments, which is more attractive that the 6-month coupon payments, which are established in the market. It is also planned to provide the investors an opportunity (option) to return the securities at face value in a year after the issue.

The Company concluded an agreement on underwriting with “AmeriaBank” IJSC and is actively working in the direction of preparing the issue.

“IMEX Group” LLC was established in 2001 and is the founder of a network of salon-shops of “Ideal System” construction materials and a network of “Thermotech” saloon-stores specialized in heating and conditioning. The company unites over 30 salon-shops in Yerevan, Gyumri, Artashat, Vanadzor, Armavir, Etchmiadzin. “IMEX Group” LLC is the largest supplier of construction materials and items for internal and external repair and construction works in the Armenian market. The Company is the official representative of approximately 75 European companies in Armenia, as well as the representative of many European companies in Georgia.--0--

Important additional information

The given information message is not a public offer or advertisement message on a public offer for purchase or subscription for corporate securities of the Company. It only states the intention and the plans of the owners and the leadership of the Company to issue corporate bonds in future and is not a basis for subscription/purchase or offer for their subscription/purchase. The Company hereby states that it does not authorize anybody to offer on one’s own or on behalf of the Company to subscribe for and/or purchase the securities of the Company, basing on this information message. The Company and other individuals or legal entities, affiliated to it, do not bear responsibility for the actions of people, who received the information message, as well as for the financial results of actions, which were based on the information, contained in the message.