Investment Projects, Business Armenia Haypost Public-Private Partnership | Page 7

Postal Services Postal services include traditional and digital services. Traditional services include letter correspondence,parcels and logistic services, direct mail (addressed and not addressed), hybrid mail, express mail, messenger mail, domestic mail and international mail. Digital services include electronic mailbox, online direct mail, postal registered email, electronic stamps, email validation sign, e-verification of mail address, online change of address, mobile applications, electronic telegram, e-commerce platform creation, e- commerce and door-to-door delivery and creation of trade warehouses. Postal retail trade services include agent services (lottery tickets, plane tickets, insurance policies, medicaments, etc.), mobile numbers, recharging cards and payments, periodicals, newspapers, books, stationery, services of internet, fax, copying and scanning, food supplies, personal hygiene supplies and products Financial forecasts (million AMD) of HayPost postal services are as follows: Projected Balance Sheet 2016 2017 2018 2019 2020 17,618 22,834 28,822 32,850 35,447 3,744 399 (746) 784 2,728 21,362 23,233 28,076 33,634 38,175 86 75 550 1,984 2,440 15,607 18,303 22,656 26,504 30,398 15,693 18,378 23,206 28,488 32,838 Current Liabilities 2,574 1,760 1,775 2,051 2,242 Long-term Liabilities 3,095 3,095 3,095 3,095 3,095 5,669 4,855 4,870 5,146 5,337 Long-term Assets Current Assets Total Assets Reinvested Profit Equity, Excluding Reinvested Profit Total Equity Total Liabilities 7