On extraordinary meeting of shareholders

SC Parex banka inform that on the 20th of November, 2008, the Management Board
of the Bank adopted a resolution on summoning of an extraordinary meeting of
shareholders and decided to include following issues in the agenda of the
extraordinary meeting of shareholders: 
1. Election of new Council of the ctock company “Parex banka”;
2. Report on financial position of the SC “Parex banka” and its group companies.

The extraordinary meeting of shareholders will take place on December 19,
2008. 

For additional information, please contact the Investor Relations Department at
investor.relations@parex.lv. 

Irena Mizisa
Head of Investor Relations
Phone: +371 67778565
Fax: +371 67778569
E-mail: investor.relations@parex.lv