Announcement on the results of government debt securities primary placement auctions


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| ISIN code of the security |  LV00005   |  LV00005   |  LV00005  |  LV00005   |
|                           |   40946    |   40938    |   70059   |   90016    |
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| Date of competitive       | 10.01.2008 | 10.01.2008 | 10.01.200 | 10.01.2008 |
| multi-price auction       |            |            |     8     |            |
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| Settlement date           | 11.01.2008 | 11.01.2008 | 11.01.200 | 11.01.2008 |
|                           |            |            |     8     |            |
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| Maturity date             | 09.01.2009 | 08.08.2008 | 03.11.201 | 10.08.2018 |
|                           |     .      |            |     1     |            |
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| Supply value for          | 4 000 000  | 4 000 000  | 6 400 000 | 8 000 000  |
| competitive multi-price   |            |            |           |            |
| auction (LVL)             |            |            |           |            |
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| Total value bid at        | 8 716 000  | 11 664 000 | 1 400 000 | 4 190 000  |
| competitive multi-price   |            |            |           |            |
| auction (LVL)             |            |            |           |            |
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| Total value placed via    | 3 000 000  | 4 000 000  |     0     | 1 490 000  |
| competitive multi-price   |            |            |           |            |
| auction (LVL)             |            |            |           |            |
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| Number of participants at |     5      |     6      |     3     |     4      |
| competitive multi-price   |            |            |           |            |
| auction                   |            |            |           |            |
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| Top admissible yield as   |    6.15    |    6.15    |   5.85    |    6.05    |
| specified by State        |            |            |           |            |
| Treasury (%)              |            |            |           |            |
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| Average volume-weighted   | 5.915 % un | 5.811 % un |     -     | 5.481 % un |
| and top bid yield in      |  6.100 %   |  6.039 %   |           |  6.000 %   |
| executed bids (%)         |            |            |           |            |
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