Investor Presentaiton

How would you evaluate the current state of the relationship between Armenia and Russia? 100% 92% 90% 93% 87% 88% 80% 70% 70% 64% 60% 50% 50% 49% 40% 34% 30% 20% 15% 10% 11% 7% 14% 9% 6% 1% 3% 0% 2% Aug-2018 1% 2% Oct-2018 May-2019 Oct-2019 Good Bad May-2021 Dec-2021 Don't know/Refused to answer 1% Mar-2023 * Interviews for the May 2021 and December 2021 were conducted via computer-assisted phone interviews (CATI). Other previous polls were conducted through face-to-face interviews. 59

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