Announcement on the results of government debt securities primary placement auction

| Source: Nasdaq Riga Nasdaq Riga 

ISIN code of the security: LV0000532265                                         
Date of competitive multi-price auction: 12.11.2008                             
Date of non-competitive fixed rate auction: 13.11.2008                          
Settlement date: 14.11.2008                                                     
Maturity date: 15.05.2009                                                       
Supply value for competitive multi-price auction (LVL): 48 000 000              
Total value bid at competitive multi-price auction (LVL): 23 850 000            
Total value placed via competitive multi-price auction (LVL):21 850 000         
Number of participants at competitive multi-price auction: 3                    
Average volume-weighted and top bid yield in executed bids (%):10.111% and      
11.500%                                                                         
Top admissible yield as specified by State Treasury: 11.50%                     
Supply value for non-competitive auction (LVL): 12 000 000                      
Total value bid at non-competitive auction (LVL):  0                            
Total value placed via non-competitive auction (LVL): 0                         
Number of participants at non-competitive auction: 0                            

****                                                                            

ISIN code of the security: LV0000540995                                         
Date of competitive multi-price auction: 12.11.2008                             
Date of non-competitive fixed rate auction: 13.11.2008                          
Settlement date: 14.11.2008                                                     
Maturity date: 13.11.2009.                                                      
Supply value for competitive multi-price auction (LVL): 16 000 000              
Total value bid at competitive multi-price auction (LVL): 5 050 000             
Total value placed via competitive multi-price auction (LVL): 4 050 000         
Number of participants at competitive multi-price auction: 5                    
Average volume-weighted and top bid yield in executed bids (%):10.064 % and     
10.500 %                                                                        
Top admissible yield as specified by State Treasury (%):11.50 %                 
Supply value for non-competitive auction (LVL): 4 000 000                       
Total value bid at non-competitive auction (LVL): 0                             
Total value placed via non-competitive auction (LVL): 0                         
Number of participants at non-competitive auction: 0                            








Riga Stock Exchange                                                             
Market services                                                                 
+371 67 212 431