On March 19, 2007 4:45pm regular shareholders meeting of JSC “Baltic Trust Bank” was closed, where all agenda issues were considered and following decisions were taken: On Bank's Annual Report 1.To approve Annual Report of the JSC “Baltic Trust Bank” for the year 2006 (enclosed on 55 pages). On distribution of the profit for the year 2006 1.To net profit of the JSC “Baltic Trust Bank” for the year 2006 in the amount of LVL 2,852,000 not to be distributed and added to the activities results of the previous years. On the auditor of the Bank group 1.To approve the company KPMG Baltics SIA as auditor for the annual overview for the year 2007 of the JSC “Baltic Trust Bank”. On determining the remuneration for the auditor of the annual overview 1.To determine the remuneration for the Bank's group auditor company KPMG Baltics SIA for the year 2007 in the amount not larger than LVL 35,000 (without VAT). On recall of the Bank Council 1.To recall the Bank's Council of the JSC “Baltic Trust Bank” elected by the Resolution of the Extraordinary Meeting of Shareholders held on November 14, 2006. On election of the Bank Council 1.To elect the Council of the JSC “Baltic Trust Bank” for 3 years consisting of 7 (seven) Members: 1. Niels Christian Aall; 2. Carl Magnus Berggren; 3. Dmitrijs Cimbers; 4. Brian Patrick Hughes; 5. Ebba Agneta Schwieler; 6. Savelijs Semjonovs; 7. Jan Sjoberg. On Amendment of the Bank's Articles of Association 1.Draw up the Bank`s Articles of Association in Latvian and English. 2.Submit Paragraph 7 of the Bank`s Articles of Association as follows: “7. Share alienation provisions 7.1 In the case of sale of shares, the remaining shareholders shall have pre-emption rights which can be exercised within one month counting from the day, when the notification on sale of the shares was submitted to the Management Board. 7.2. The shareholder who wishes to sell his or her shares of stock submits to the Management Board of the Company a written notification where the price of the shares is shown. After the notification is received, the Management Board immediately offers the shares being sold to all existing shareholders of the Company. Should several shareholders apply to the shares offered for sale, the above shares shall be sold pro rata the number of shares already held by the shareholders. 7.3 The shares of the Company can be alienated to third persons only upon receipt of consent from the shareholders' meeting thereof. In the event no existing share holder wishes to exercise his or her pre-emption right to purchase shares offered for sale and in accordance with the notification submitted to the Management Board of the Company the prospective purchasers of the shares are third persons, the Management Board of the Company shall forthwith convene a share holder meeting which in turn decides on the sale of shares to third persons. 7.4 The shareholders' meeting can refuse to grant consent for sale of the shares of the Company to third persons due to reasons as follows: 7.4.1 The person, to whom it is planned to sell the shares is itself operating in Company's service market and therefore is to be considered a competitor of the Company or if the above person directly or indirectly holds interest in a company operating in the Company's service market; 7.4.2 The shareholders' meeting has grounds to consider that the person, to whom it is planned to sell the shares is acting on behalf of some third person who, pursuant to the provisions of clause 7.4.1. is regarded a competitor of the Company; 7.4.3 Sale of Company's shares to the person could cause material losses to the Company; 7.6.4 Sale of Company's shares to the person could leave an adverse impact upon the reputation of the Company.” 3.To supplement the Bank`s Articles of Association with Paragraph 8 as follows: “8. Miscellaneous provisions Any issues that concern any activities of the Company, relations with shareholders, executive bodies and other issues which are not regulated by these Articles of Association shall be governed by the applicable legislative enactments. These Articles of Association were executed and signed in 3 (three) copes in the Latvian and English languages on six (6) pages. Latvian is the governing language.” JSC “Baltic Trust Bank” Chairman of the Executive Board Ieva Racenaja