By this we inform that the ordinary shareholders' meeting of AS DnB NORD Banka was closed at 13.55 p.m. on 27 March 2007. All issues included in the agenda were reviewed and the following decisions were passed: Review and approval of the annual report for year 2006 of AS DnB NORD Banka Approve the Annual Report together with Dependency Statement for year 2006 of AS DnB NORD Banka submitted by the Management Board and reviewed by the Supervisory Council. Release of the members of the Management Board of AS DnB NORD Banka from responsibility for year 2006 Release the members of the Management Board of AS DnB NORD Banka Andris Ozolins, Gundars Andzans, Aivars Flemings, Ivars Kapitovics, Rudolf Franz Karges and Michael Kiesewetter from responsibility for year 2006. Distribution of the profit of AS DnB NORD Banka Turn the profit of AS DnB NORD Banka for year 2006 in total amount of LVL 9,870,003.65 (Nine million eight hundred seventy thousand and three Lats and 65 santimes) for covering losses of previous years. Increase of share capital of AS DnB NORD Banka 1. With the purpose to attract additional capital to develop and further expand AS DnB NORD Banka operations, shareholders' meeting resolves: 1.1. Increase share capital of AS DnB NORD Banka by up to LVL 42,200,000.00 (Forty two million two hundred thousand) in 2007 by issuing up to 21.100.000,00 (Twenty one million one hundred thousand) ordinary registered voting shares with par value LVL 1,00 (One lat) per share in 15th closed share issue and up to 21.100.000,00 (Twenty one million one hundred thousand) ordinary registered voting shares with par value LVL 1,00 (One lat) per share in 16th closed share issue. 1.2. Authorise the Management Board of AS DnB NORD Banka to decide on commencement of share issues mentioned above, as well as approve AS DnB NORD Banka 15th and 16th Closed Share Issue Conditions and Issue Prospectus, based on following: 1.2.1. pre-emption rights of existing shareholders shall be determined based on number of shares owned by shareholders on 27 March 2007; 1.2.2. the term of payment for shares shall be 1 month as from day of announcement on share issue is published in official newspaper “Latvijas Vēstnesis”; the shares not paid in the mentioned term shall be offered to those shareholders who has used their pre-emption rights. 1.2.3. the purchase price shall be LVL 1.00 (one lat) per share, consisting of par value of share; 1.2.4. newly issued shares shall be entitled benefit from profit distribution as from financial year 2007; 1.2.5. share issue shall be deemed to have taken place only in the amount of shares paid in. In case the amount of shares demanded will exceed the amount of shares offered, the amount of shares on which shareholders are entitled to purchase will be stated in accordance with amount of shares owned by shareholder on 27 March 2007. 2. Authorise the Management Board of AS DnB NORD Banka to take each and every action to increase share capital of AS DnB NORD Banka in accordance with above mentioned conditions. Amendments to the Articles of Association of AS DnB NORD Banka 1. To make the following amendments to the Articles of Association of AS DnB NORD Banka: 1.1. Express Article 4.2 of Articles of Association of AS DnB NORD Banka as follows: “The Management Board shall have the right to take decisions if attended by more than one half of the number of Board members set out in the Articles of Association. The Management Board shall pass its decisions by simple majority of present votes. In case of a split vote Chairperson of the Management Board shall have the casting vote.” 1.2. Express Article 5.1 of Articles of Association of AS DnB NORD Banka as follows: “The Supervisory Council shall consist of eight Council members.” 1.3. Express Article 5.2 of Articles of Association of AS DnB NORD Banka as follows: “The Council shall have the right to take decisions if its meeting is attended by more than one half of the number of the Council members set out in the Articles of Association. The Council shall pass its decisions by simple majority of present votes. In case of a split vote Chairperson of the Council shall have the casting vote.” 2. Authorise the Management Board of AS DnB NORD Banka to approve the amendments in Article 3.1 of Articles of Association based on the results of 15th and 16th closed share issues. 3. Authorise the Management Board of AS DnB NORD Banka to take each and every action to register above mentioned amendments to Articles of Association of AS DnB NORD Banka with Commercial Register in conformity of Commercial Law. Election of Supervisory Council AS DnB NORD Banka 1. Elect Supervisory Council of AS DnB NORD Banka in following composition: Dr. Jürgen Allerkamp; Mr. Juris Binde; Mr. Torstein Hagen; Mr. Sven Herlyn; Dr. Stephan-Andreas Kaulvers; Mr. Jarle Mortensen; Ms. Baiba Rubesa; Mr. Pål Skoe. 2. Assign the Management Board of AS DnB NORD Banka to take all necessary actions to register composition of the Supervisory Council with Commercial Register. Stating remuneration for members of Supervisory Council of AS DnB NORD Banka State the following remuneration for Supervisory Council in year 2007: 1. fixed amount of EUR 750.00 (Seven hundred fifty Euro) per each meeting of Supervisory Council for each Supervisory Council member not being an employee of Bank DnB NORD, DnB NOR Bank ASA or NORD/LB groups; 2. the annual bonus in amount of EUR 5000.00 (Five thousand Euro) for each member of Supervisory Council. Election of the chartered auditor of AS DnB NORD Banka for year 2007 1. Elect “PricewaterhouseCoopers” (Registration No. 000314279) as the chartered auditor of AS DnB NORD Banka for year 2007, stating the remuneration in accordance with the budget of AS DnB NORD Banka for year 2007, approved by Supervisory Council of AS DnB NORD Banka. 2. Authorise the Management Board of AS DnB NORD Banka to conclude the contract on auditing with “PricewaterhouseCoopers”.