The special shareholder meeting of the Joint Stock Company “Mortgage and Land Bank of Latvia”, held on July 1, 2008, made a decision to issue short-term debt securities under the offer program in one issue or a number of separate issues, with a term of circulation up to one year, of the amount Ls 50 000 000, or a respective amount in Euros at the official rate of the Bank of Latvia, within two years as of the moment of decision making at the shareholder meeting. The shareholder meeting mandated the Board of the JSC “Mortgage and Land Bank of Latvia” to make decisions concerning the said issue, approval and signing of prospectuses of financial instruments issued under the offering program, organizing of public offerings and inclusion of financial instruments on the regulated market, initial placement procedure of financial instruments issued under the offering program, redemption procedure of financial instruments issued under the offering program, determining the yield rates, initial price and other characteristics of the financial instruments issued under the offering program. Member of the Board, Deputy Chairman of the Board R.Paņko G.Henkels, phone 67774050