Investment Projects, Business Armenia Haypost Public-Private Partnership | Page 5

Financial Indicators (million AMD) as of 2011-2016, are the following: Indicator name 2011 2012 2013 Total Revenue 6,105 6,434 6,709 8,255 7,725 7,543 Postal Services 1,649 2,124 2,415 2,815 2,943 3,621 Letters 916 1,416 1,416 2,133 2,942 2,752 Parcels and Logistical services 733 708 999 682 679 802 3,602 3,346 3,355 3,989 3,408 3,771 Pensions and social service benefits 1,971 2,033 1,966 2,093 1,999 2,001 Utility payments, incl. water, gas, mobile, etc. 1,631 1,313 1,389 1,896 1,772 1,626 Other services 854 964 939 1,451 1,374 151 Total Expenses 5,197 5,812 6,117 7,559 7,417 5,976 908 622 592 696 308 1,403 14.9% 9.7% 8.8% 8.4% 4.0% 18.6% Postal Financial services Net Income Profit margin 5 2014 2015 2016