Micex | News Room | Armada Company places shares in the Sector for Innovation and Growth Companies of the MICEX Stock Exchange

Armada Company places shares in the Sector for Innovation and Growth Companies of the MICEX Stock Exchange

July 31, 2007

Today, Armada Company, a provider of IT services, has placed its shares in the Sector for Innovation and Growth Companies (IGC Sector), created on the MICEX Stock Exchange with the support of the RF Ministry of Information Technology and Communications. This is the first placement of shares in the IGC Sector, created on the MICEX SE, the largest stock exchange in Russia, CIS, Central and Eastern Europe, with the aim of providing appropriate conditions for investments and IPOs in the innovation and fast-growing sector of the Russian economy.

In accordance with the Rules of Listing of Securities and Admission them to Placement and Trading on the MICEX Stock Exchange, on 31 July 2007, common registered uncertificated shares of Armada Company were placed on the MICEX Stock Exchange.

Parameters of the issue:

type of securities: common shares;
state registration number: 1-01-10670-А-001D of 26.06.2007
face value: 1 ruble;
number of securities: 2 000 000;
method of placement: open subscription;
placement price: 380 rubles;
end of placement: date of placement of the last share of the additional issue, but not later than 1 year after the date of the state registration of the additional issue of securities (26.06.2008);
ISIN code: RU000A0JP4J4;
trading code: ARMD-001D.

Shares were placed through Aton Broker Investment Company, a participant in trading on the MICEX Stock Exchange.

According to the CEO of the MICEX Stock Exchange Alexei Rybnikov, ⌠the successful placement in the IGC Sector shows that innovation business in Russia is receiving new opportunities to attract investments. We will be happy to welcome new companies from the sector of telecoms, Internet business, semiconductors, software, research and development, biotechnologies, machine building and national projects. Investments in these industries will help to improve the competitiveness of the Russian economy and secure its diversification and effectiveness.■

⌠I hope that Armada▓s placement will be a good example for other IT companies,■ said Alexey Kuzovkin, General Director of Armada. ⌠We are going to invest the money raised as a result of placement in promising IT business. Our goal is to control 3-5% of the Russian IT market in the next 3 to 5 years.

ARMADA is a Russian provider of information technology services. ARMADA resulted from the IT business divestment by the RosBusinessConsulting group of companies in 2007. Between 2000 and 2007 the Company operated under RBC SOFT brand. Armada Group includes: RBK SOFT, GELIOS COMPUTER, PM Expert and other companies. ARMADA employs 500 employees. In 2001 the Company implemented ISO 9001:2000 quality management system. ARMADA▓s solutions portfolio covers all IT market sectors, including software development, IT services and hardware. ARMADA▓s clients are government agencies, large industrial enterprises and commercial companies: Ministry of Finance, Federal Customs Service, Federal Tax Service, Ministry of Foreign Affairs, Ministry of Information Technology and Communications, Gazprom, Transneft, Sberbank, Central Bank of Russia, Vneshtorgbank, VimpelCom, MTS, Golden Telecom, BSGV, Nestle, Philips, Mitsubishi Motors and others. Find more information on ARMADA on the Company▓s web site: http://www.armadaitgroup.ru

The MICEX Stock Exchange: The MICEX Stock Exchange is Russia▓s leading stock market. It organizes daily trading in securities of over 620 issuers with the total market capitalization of about 900 billion dollars. Trading is held electronically, using an up-to-date trading and depository system, connected to regional floors and over 1500 remote terminals of 600 broker companies and banks in 100 Russian cities, which serve over 370 thousand investors. Growth of the volume of exchange-based transactions in corporate securities enabled the MICEX Stock Exchange to join the list of the world▓s top 20 stock exchanges. The MICEX Stock Exchange was established in 2003 with the authorized capital of 100 million rubles. Shareholders in the MICEX Stock Exchange are 23 organizations, including the MICEX, leading commercial banks and broker companies and the Association of Russian Banks.

Sector for Innovation and Growth Companies (IGC) The Sector for Innovation and Growth Companies (IGC Sector) was established on the MICEX Stock Exchange in June 2006. The IGC Sector is intended for companies with relatively small capitalization (from 100 million to 5 billion rubles). The Sector offers liberal rules of admission to the public market. However, issuers must satisfy certain standards of transparency and information disclosure. Also, issuers have to sign an agreement with a listing agent. The IGC Sector is for high-tech companies dealing with telecoms, online business, software development, radio electronics and semiconductors, biotechnologies and pharmaceutics as well as companies involved in priority national projects. For a company to be admitted to the IGC Sector, its yearly growth of revenues must be at least 20%.

In December 2006 the MICEX Stock Exchange accredited first listing agents. These are financial companies which guide innovation and growth companies to the exchange-based market.

To find more information on the placement of securities in the IGC Sector, visit the web site of the MICEX Stock Exchange http://www.micex.ru/stock_irk/index.html or call (495) 234-4816.