Balti Investeeringute Grupi Pank AS (BIG) issued bonds for a total amount of Euro 20 million (313 million kroons) in the course of private placement with settlement on June 29, 2007. The maturity date of the issued bonds is March 31, 2011. Current bond issue is the second part (tranche) of the bond programme with total volume of Euro 100 million. In the first part of the same bond programme BIG issued bonds for Euro 42,7 million (668 million kroons) in April this year. The terms of the second tranch were identical to the first tranche. Annual yield of the bonds with quarterly coupons is 3 month Euribor + 750 bps per annum. BIG can redeem the bonds before maturity. The proceeds of the issue will be used for expansion of BIG's activities in Estonia and Latvia. Timing, volume and conditions of further tranches will be decided upon based on market conditions and actual financing need in the second half of the year. The issued bonds are registered in Sweden, VPC register* and will be listed at the SOX List at the Stockholm Stock Exchange. The bond issue was arranged by Swedish investment bank E. Öhman J:or Fondkommission AB. Additional information: Targo Raus CEO Phone +372 735 0923 * VPC - Swedish central securities depository, www.vpc.se ** SOX - Stockholm Bond Exchange