About the results of the stage one of the subscription to the JSC “Latvijas Krājbanka” newly emitted ordinary shares

INFORMATION FOR THE SHAREHOLDERS
About the results of the stage one of the subscription to the JSC “Latvijas
Krājbanka” newly emitted ordinary shares 

According to the extraordinary shareholders` meeting decision “About the JSC
“Latvijas Krājbanka” stock capital increase”, adopted on 15.10.2007, and to the
Financial and Capital Market Commission Council decision No. 148 “About the
permission for the JSC “Latvijas Krājbanaka” to utter the public offer of the
shares”, adopted on 26.10.2007, the joint-stock company “Latvijas Krājbanka”
(hereinafter referred to as - Krājbanka) has emitted and now performs
distribution of 2'240'000 ordinary bearer shares with voting right (hereinafter
referred to as the “Shares”). The nominal value of the share is LVL 1(one lat). 
During the stage one of the subscription, which ended on the November 30th
2007, 1'707'948 ordinary bearer shares were subscribed to and fully paid, which
comprise 76% of the emitted shares. There were 532'052 non-placed shares.	 

The stage two of the subscription will take place on the December 6th from
10:00 o'clock until 17:00 o'clock. 532'052 (five hundred thirty two thousand
fifty-two) ordinary bearer shares will be offered for the subscription. 

Only those Shareholders, who have participated in the stage 1of the
subscription and used their pre-emptive rights, are entitled to participate in
stage two. 
The JSC “Latvijas Krājbanka” will inform about the results of the stage two of
the subscription on its website www.lkb.lv in accordance with the order stated
in the Emission prospectus.