Coupon Rate on JSC Akciju komercbanka Baltikums Notes (For the Eighth Coupon Period)

| Source: Akciju komercbanka "Baltikums" Akciju komercbanka "Baltikums" 

JSC Akciju komercbanka Baltikums set the coupon rate for the eight coupon
period (from November 02, 2008 till February 01, 2009) at 7.794% p.a. JSC
Akciju komercbanka Baltikums credit linked notes code is ISIN LV0000800407. 

According to the terms of the issue, the coupon rate is set for each interest
calculation period. The coupon rate is based on 3 months EURIBOR rate, which is
fixed on the coupon rate determination date, plus 3% p.a. According to Bank of
Latvia, 3 months EURIBOR rate on 30 October 2008 was 4.794% p.a. 

Uldis Zandars
JSC Akciju komercbanka Baltikums
Deputy of Head of the Product Development and Marketing Department
Tel.: +371 67704672, +371 29206536
E-mail: uldis.zandars@bank.baltikums.com