On JSC “Norvik Banka” Extraordinary Shareholder Meeting's Resolutions (Equity Capital Increase)

JSC “Norvik Banka” Extraordinary Shareholder Meeting was held and the following
resolutions were made: 

JSC “Norvik Banka” Extraordinary Shareholder Meeting has made the revolution on
the Bank's equity (fixed) capital increase by LVL 1 000 000 (one million lats).
During the meeting the regulations of the equity (fixed) capital increasing
were approved. JSC “Norvik Banka” equity (fixed) capital will be increased to
LVL 41 499 928 (forty one million four hundreds ninety-nine thousands nine
hundreds twenty-eight lats), by issuing 1 000 000 (one million) new voting
shares with nominal value LVL 1.00 (one lat). Subscription to the shares will
be opened on January 26, 2009, stated that each share sale price is LVL 1.00
(one lat). 

Upon the increase of the equity capital has been adopted the resolution to
redraft the Clause 2.1. and the Clause 2.4.of JSC “Norvik Banka” Articles of
Association as follows: 

“2.1. The Bank's fixed capital amounts to 41 499 928.00 LVL (forty one million
four hundreds ninety-nine thousands and nine hundreds twenty-eight lats). 
The Bank's fixed capital is comprised of 41 499 928 (forty one million four
hundred ninety-nine thousand and nine hundred twenty-eight) shares. 
The value of one share is 1.00 LVL (one lat)”

“2.4. All 41 499 928 shares are voting shares, and grant equal rights to vote
at Shareholders' Meeting, to receive dividends and liquidation quotas. Each
voting registered share paid for in minimum nominal value grants the right to
one vote at Shareholders' Meeting.” 
Having regard of amendments to the Articles of Association Extraordinary
Shareholders Meeting has made the resolution to approve the new wording of the
Articles of Association. 

Financial Institutions Department
JSC “Norvik Banka”
Tel +371 67011467, 67041178
Fax +371 67041196
E-mail: marija.gulajeva@norvik.lv