ARMROSGASPROM: ARMENIAN GAS NETWORK HAS 529231 SUBSCRIBERS NOW

ARKA
April 2, 2008

YEREVAN, April 2. /ARKA/. ArmRosgasprom's press office told ARKA News
Agency on Wednesday that the gas network has 529231 subscribers now.

The number of gas consumers grew by 2872 in March alone. The 200
000th subscriber joined Yerevan's network on March 31.

The number of ArmRosgasprom's potential subscribers grew 10.1% and
actual consumers 17.6% in 2007.

ArmRosgasprom enjoys monopoly on Russian natural gas importation to
Armenia and distribution it at the country's market. The company is
established in 1997.

Its capital totals $580 million.

The company shareholders are Gasprom (57.59%), Armenian Energy Ministry
34.7% and Itera (7.71%).