On the State owned Joint-stock company ‘'Latvijas Hipotēku un zemes banka'' Council and extraordinary shareholders meetings' decisions

Hereby we inform that the Council meeting of the SJSC ‘'Latvijas Hipotēku un
zemes banka'' took place on January 21, 2009 and the extraodinary shareholders
meeting took place on January 22, 2009. 

I SJSC‘'Latvijas Hipotēku un zemes banka'' shareholders extraordinary meeting
decisions: 

1.	Approve the budget and the business plan of SJSC ‘'Latvijas Hipotēku un
zemes banka'' for year 2009; 

2.	Approve SJSC „Latvijas Hipotēku un zemes banka” accomplished conditions of
budget 2009 on state institutions' officials and employees remuneration for
year 2009 based on law “On remuneration of national or municipal institution
officials and employees in 2009” which entered into force on January 01, 2009
and which set to decrease remuneration  pay-out funding amount by 15%; 

3.	Increase the fixed capital of ‘'Latvijas Hipotēku un zemes banka'' by LVL 29
517 768, in total which will be registered LVL 78 030 911. 

II The Council of the SJSC “Latvijas Hipoteku un zemes banka” decisions:

1.	Approve recall from her duties the member of the board Aija Laicane; 

2.	Approve decrease of the chairman of the board un the members of the board
based on law “On remuneration of national or municipal institution officials
and employees in 2009” which entered into force on January 01, 2009 and on
regulations No. 704 of the Cabinet of Ministers of the Republic of Latvia. 
Thus real decrease of monthly remuneration of the chairman of the board of SJSC
„Latvijas Hipoteku un zemes banka” is LVL 2400 or 32% comparing with year 2008.