Resolutions of the EGM of the State JSC “Latvijas Hipoteku un zemes banka”

Regarding resolutions of the extraordinary Shareholders' Meeting of the State
Joint Stock Company “Latvijas Hipoteku un zemes banka” 


We would like to notify that an extraordinary Shareholders' Meeting of the
State Joint Stock Company “Latvijas Hipoteku un zemes banka” was held on 11
July 2007.  The Shareholders' Meeting has passed the following resolutions: 

1. On amendments to the Articles of Association of the SJSC “Latvijas Hipoteku
un zemes banka”: On the basis of the information provided by the Chairman of
the Board Mr Inesis Feiferis, the resolution of the Council of the State Joint
Stock Company “Latvijas Hipoteku un zemes banka” of 10 July 2007 and Clause 6
of paragraph (1) of Section 76 of the Law on the State and Local Government
Capital Shares and Capital Companies, Clause 6 of paragraph (1) of Section 268
of the Commercial Law, the Shareholders' Meeting has passed the following
resolution: to approve the amendments to the Articles of Association and the
new reading of the Articles of Association. 

2. On election of members of the Council:
In accordance with Clause 4 of paragraph (1) of Section 48 of the Law on the
State and Local Government Capital Shares and Capital Companies and Clause 3 of
paragraph (1) of the Commercial Law, taking into account that authorities of
the Council of the State Joint Stock Company “Latvijas Hipoteku un zemes banka”
expire on 13 July 2007, the Shareholders' Meeting has passed the following
resolution: 
2.1.	to elect the Council of the Joint Stock Company “Latvijas Hipoteku un
zemes banka” for three years composing of the following: Gundega Sulca, Andris
Liepins, Janis Snore, Baiba Bane, Baiba Pasevica, Dace Ratniece, Vija Geme,
Iveta Strautina; 
2.2.	 to nominate Ms Gundega Sulca as the Chairperson of the Council, to elect
Mrs Andris Liepins as the Deputy Chairperson of the Council.