PAREX ASSET MANAGEMENT HOSTS THE BALTIC AND CIS INVESTMENT DAYS AND GATHERS OVER 200 INVESTORS IN SWITZERLAND'S LARGEST CITIES


Parex Asset Management (PAM), one of the largest investment management
companies in the Baltic States organizes its third annual investment seminar in
Switzerland entitled Baltic and CIS Investment Days from February 4-6, 2008.
The Baltic and CIS Investment Days are devoted to promoting the numerous
investment opportunities in the Baltic and the CIS markets, focusing on the
most attractive investment products of the Caspian Sea region, Ukraine and the
Baltic states. 

The Baltic and CIS Investment Days have grown in size each year and are well
received by the Swiss financial community, with over 200 investors attending
the events in Zurich, Geneva and Lugano this year. 

The Parex delegation includes 7 senior management representatives and is led by
Dr. Valdis Birkavs, Deputy Chairman of the Supervisory Council, Parex banka and
former Prime Minister of the Republic of Latvia. 

During the event, local investment professionals of Parex Asset Management will
provide investors with a detailed insight on the Baltic and the CIS macro
economic environment, the range of investment products in the region, including
Baltic and Ukrainian real estate and equity products. This year there will also
be a focus on Ukrainian investment opportunities, with Mr. Sergii Moskvin, the
Deputy Head of the State Agency of Ukraine for Investments and Innovations, in
attendance. 
 
Robert Idelson, CEO, Parex Asset Management commented: “Holding the Baltic and
CIS Investment Days in Switzerland has become an annual event for us. We
continue to see increasing interest from Swiss investors in the opportunities
that exist in the Baltic and the CIS countries, and so are expanding our
customer range in Western Europe. This year we are placing a special emphasis
on the real estate and equity investments, as industry professionals attending
our presentations show high interest in these particular investment
opportunities in Emerging Europe.” 

About Parex Asset Management:

With over USD 1 billion of assets under management, Parex Asset Management, the
subsidiary of Parex banka, is one of the leading investment companies in the
Baltic Region and one of the most experienced in Central and Eastern Europe.
PAM invests internationally, maintaining a complete investment product range,
whilst constantly tracking the best investment opportunities in each geographic
region. Through its subsidiaries and representative offices Parex Asset
Management also operates in Lithuania, Russia, Ukraine and Kazakhstan. Parex
Asset Management holds the title of European Specialist Investment Firm 2007 by
Funds Europe Magazine. 

About Parex banka:

With EUR 4.5 billion in assets, Parex banka is one of the leading banks in the
Baltic States, offering integrated client services, including lending, payment
card services, leasing, asset management and securities brokerage. The Bank is
represented in 15 countries through its wide network of representative offices,
branches and subsidiaries, including a subsidiary in Switzerland, AP Anlage und
Privatbank AG. 
Parex banka is rated Baa3 by Moody's Investors Service, BB+ by Fitch Ratings
and BBB by Capital Intelligence.