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   |
|                           |   90024    |   40946    |   40961   |   70067    |
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| Date of competitive       | 02.07.2008 | 02.07.2008 | 02.07.200 | 02.07.2008 |
| multi-price auction       |            |            |     8     |            |
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| Settlement date           | 04.07.2008 | 04.07.2008 | 04.07.200 | 04.07.2008 |
|                           |            |            |     8     |            |
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| Maturity date             | 04.07.2019 | 09.01.2009 | 05.06.200 | 14.03.2013 |
|                           |            |            |     9     |            |
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| Supply value for          | 12 000 000 | 8 000 000  | 8 000 000 | 12 000 000 |
| competitive multi-price   |            |            |           |            |
| auction (LVL)             |            |            |           |            |
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| Total value bid at        | 1 200 000  | 16 296 000 |  12 034   | 1 300 000  |
| competitive multi-price   |            |            |    000    |            |
| auction (LVL)             |            |            |           |            |
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| Total value placed via    | 1 000 000  | 7 448 000  | 7 350 000 | 1 000 000  |
| competitive multi-price   |            |            |           |            |
| auction (LVL)             |            |            |           |            |
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| Number of participants at |     1      |     6      |     5     |     1      |
| competitive multi-price   |            |            |           |            |
| auction                   |            |            |           |            |
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| Top admissible yield as   |    6.85    |    6.80    |   7.00    |    6.85    |
| specified by State        |            |            |           |            |
| Treasury (%)              |            |            |           |            |
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| Average volume-weighted   |  6.850 %   |  6.650 %   |  6.885 %  |  6.850 %   |
| and top bid yield in      | and 6.850  | and 6.800% |    and    | and 6.850  |
| executed bids (%)         |     %      |            |  7.000%   |     %      |
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