Summary

We are informing that pursuant to Resolution No. 11/L of the Board of Directors of ARARATBANK OJSC (hereinafter the Bank), ARARATBANK OJSC will place 112,614 (one hundred twelve thousand six hundred and fourteen) additional shares through closed subscription between September 5, 2022 and September 7, 2022. The market price of one ordinary nominal share of the Bank is AMD 24,819.4 (twenty-four thousand eight hundred and nineteen point four).

As guided by the RA Legislation and the Bank’s Charter for the placement of ordinary shares, the owners of ordinary shares of the Bank have received the preemptive right to purchase ordinary shares placed pro rata their shares in the authorized capital stock of the Bank, of which the latter were notified at least 30 days prior to the start of the offering.

As a result, 6,746 (six thousand seven hundred and forty-six) shares have been purchased by the preemptive right of purchase, which means that the number of shares of the Bank to be placed through closed subscription between September 5, 2022 and September 7, 2022 will be 105,868 (one hundred and five thousand eight hundred and sixty-eight).