Announcement on the results of government debt securities primary placement auctions

| Source: Nasdaq Riga Nasdaq Riga 

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| ISIN code of the security |  LV00005   |  LV00005   |  LV00005  |  LV00005   |
|                           |   90016    |   40953    |   70067   |   32216    |
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| Date of competitive       | 07.05.2008 | 07.05.2008 | 07.05.200 | 07.05.2008 |
| multi-price auction       |            |            |     8     |            |
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| Settlement date           | 09.05.2008 | 09.05.2008 | 09.05.200 | 09.05.2008 |
|                           |            |            |     8     |            |
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| Maturity date             | 10.08.2018 | 13.03.2009 | 14.03.201 | 07.11.2008 |
|                           |            |            |     3     |            |
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| Supply value for          | 12 000 000 | 8 000 000  |  12 000   | 12 000 000 |
| competitive multi-price   |            |            |    000    |            |
| auction (LVL)             |            |            |           |            |
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| Total value bid at        | 2 800 000  | 7 955 000  | 1 250 000 | 16 891 400 |
| competitive multi-price   |            |            |           |            |
| auction (LVL)             |            |            |           |            |
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| Total value placed via    |   50 000   | 6 500 000  |     0     | 12 000 000 |
| competitive multi-price   |            |            |           |            |
| auction (LVL)             |            |            |           |            |
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| Number of participants at |     2      |     3      |     2     |     5      |
| competitive multi-price   |            |            |           |            |
| auction                   |            |            |           |            |
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| Top admissible yield as   |    6.45    |    6.75    |   6.20    |    6.50    |
| specified by State        |            |            |           |            |
| Treasury (%)              |            |            |           |            |
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| Average volume-weighted   |  6.450 %   |  6.652 %   |     -     |  6.357 %   |
| and top bid yield in      | and 6.450  | and 6.750% |           | and 6.499% |
| executed bids (%)         |     %      |            |           |            |
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