As a part of its international expansion programme, Parex Asset Management (PAM), the largest investment management company in the Baltic States, has registered a representative office in the city of Almaty, Kazakhstan. The representative office will conduct market research, provide customers with comprehensive information about products and services offered by PAM, as well as investment opportunities in the Baltics and other countries where Parex Group is represented. Currently, PAM is expanding the network of its subsidiaries in the Baltic States, Ukraine and Russia. Mr. Robert Idelson, President, Parex Asset Management comments: ”The registration of our office in Kazakhstan is a further strategic step in the development of Parex Asset Management in CIS markets. This year PAM has launched the “Parex Caspian Sea Equity Fund”, which provides investment opportunities in the rapidly growing equity markets of Central Asia. We consider Kazakhstan to be a very promising and interesting market both in terms of attracting new customers, and in terms of price appreciation for local assets. Therefore we intend to invest significantly in the development of this representative office and to capture market share in this area. Our strategic objective is to establish a strong position in the asset management sector in Kazakhstan”. "Kazakhstan is a leading country in the Central Asian region, which has immense financial, natural and intellectual resources. According to independent analysts, the banking system of Kazakhstan is the most developed one in the CIS. In spite the attractiveness of the region, the large regional and international asset managers have been slow to enter it, so we look with optimism to the future of PAM in Kazakhstan.” - said Nikolay Serih, the Director of Parex Asset Management in Kazakhstan. The address of the representative office is: Almaty, Manasa street, corner Jandosova, 34а/8а. Phone. +7 372 244 83 85. About Parex Asset Management: With over EUR 1 billion of assets under management, Parex Asset Management, the subsidiary of Parex banka, is the largest investment company in the Baltic Region and one of the most experienced in the Central and Eastern Europe. PAM invests internationally, maintaining a complete investment product range, when constantly tracking the best investment opportunities in each geographic region. Through its subsidiaries and representation offices Parex Asset Management also operates in Lithuania, Russia, Ukraine and Kazakhstan. Additional Information: Julija Kondratovica Deputy Head of International Communications Department Ph.: + 371 777 8572 E-mail: jk@parex.lv