IPAS Finasta Asset Management Has Changed Its Name


On 31st October, 2008, IPAS Finasta Asset Management, a subsidiary company of
JSC Akciju komercbanka Baltikums, has registered changes in the name and legal
address of the company in the Commercial Register of the Republic of Latvia. 

New name - AS IPAS (joint stock investment Management Company) Baltikums Asset
Management, legal address - Maza Pils iela 13, Riga, LV-1050, Latvia. 

According to the volume of assets, at the end of September JSC Akciju
komercbanka Baltikums, that is a part of JSC Baltikums Bankas Grupa, was the
20th biggest bank of commercial banks of Latvia. Bank's bonds are quoted in
Riga Stock Exchange debt security list. 

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