Moody's confirms Covered Bonds of Mortgage and Land Bank of Latvia at A1

| Source: Latvijas Hipoteku un zemes banka Latvijas Hipoteku un zemes banka 

Frankfurt, March 05, 2007 -- Moody's Investors Service confirms Mortgage and
Land Bank of Latvia's Covered Bond Rating at A1, because the Bank Deposit
Rating of the bank remains unchanged. This rating action concludes the review
for possible upgrade initiated on 4 September 2006. 

The Covered Bond Rating reflects the expected loss posed to investors by the
legal final maturity. Moody's ratings address only the credit risks associated
with the transaction. Other non-credit risks have not been addressed, but may
have a significant effect on yield to investors. 

Madrid
Juan Pablo Soriano
Managing Director
Structured Finance Group
Moody's Investors Service Espana, S.A.
JOURNALISTS: 44 20 7772 5456
SUBSCRIBERS: 44 20 7772 5454

London
Martin Rast
Asst Vice President - Analyst
Structured Finance Group
Moody's Investors Service Ltd.
JOURNALISTS: 44 20 7772 5456
SUBSCRIBERS: 44 20 7772 5454