The first stage of underwriting of the new emitted shares of Latvijas Krājbanka is over

Latvijas Krājbanka                                      05.01.2007

The first stage of underwriting of the new emitted shares of 
Latvijas Krājbanka is over

Thursday, the 4th January was the conclusion of the first stage of 
underwriting of the new Latvijas Krājbanka emitted shares. During 
this stage the Latvijas Krājbanka shareholders were able to use 
their prerogative to new ordinary and preference shares proportionally 
to the share number possessed by each shareholder of the Latvijas 
Krājbanka on the 20th October 2006.
The total amount of the Latvijas Krājbanka emitted shares is 
1,65 millions - 800’000 ordinary bearer shares with voting 
rights and 850’000 “A” category preference bearer shares without 
voting rights. 
The underwriting will proceed in three stages. The Latvijas Krājbanka 
shareholders will have underwriting rights during first two stages, 
other investors will be able to underwrite during the third stage.
The decision to increase the authorized capital by 1,65 million 
lats – up to 10,756 million lats – was adopted by the Latvijas 
Krājbanka shareholders in September the previous year. The entire 
capital increase program is aimed at accelerating capital base 
product development of the Latvijas Krājbanka and increasing return 
on assets.