Key highlights:

* ARMADA’s revenue increases 27% in 2011, EBITDA rises 38%

* EBITDA margin rises to 12.2% (from 11.2%)

* Net profit margin comes in at  10.6%

* In 2011 ARMADA acquired PMT, a software developer of hospital information systems

* ARMADA’s cash position stood at RUB 1,215m as for December 31, 2011

* ARMADA forecasts organic revenue growth in the range of 25-30% in 2012, as well as one or two M&A deals involving companies with revenue in a range of USD 5m-10m.

Please find full text in attached PDF file

Audited Financial statements under IFRS:

https://www.armadaitgroup.com/?id=qfDeM

Analysts coverage: https://www.armadaitgroup.com/?id=evHHe

Having any questions please don't hesitate contact me.

Kind Regards,

Dmitry Chursin

Head of Investor Relations at ARMADA OAO

Tel: +7 495 797 6020

Mob: +7 925 532 2727

Email: IR@armd.ru

15, b.6, 5-th Donskoy Proezd, Moscow, Russia, 117344 https://www.armadaitgroup.com