Investor Presentaiton

NUMBER OF SMES OVERVIEW OF SME SECTOR IN ARMENIA "Existing" or "Newly registered" 144,400 IE (individual entrepreneur), LLC, CJSC, OJSC, PC (production cooperative) Physical entity, NGO, SNCO, other entities, etc 98,250 46,150 SME Large or from K*, O*, R.92* sector Non-operating *NACE classification Source: Armstat, SRC, Ameria CJSC Operating SME 67,000 Share of OPERATING SMES in the total number of taxpayers (including NPOs and individual taxpayers) is 46-47%. At the beginning of 2018 there were ~67,000 OPERATING SMEs. Compared to 2013, THE NUMBER OF SMES GREW ALMOST BY 4 K. 6

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