Notification on convocation of JSC “Parex banka” Extra-Ordinary General Meeting of shareholders

Management Board of JSC “Parex banka” (unified registration number: 40003074590, legal address:  Republikas laukums 2A, Riga, Latvia LV-1522) calls up and announces that Extra-Ordinary General Meeting of Shareholders of JSC “Parex banka” will take place on December 28, 2011 at 10.00 a.m. at 3rd floor conference hall of JSC “Citadele banka”, Republikas laukums 2A, Riga, Latvia.

Agenda:
1.    On giving up of credit institution operating licence issued to JSC “Parex banka”;
2.    On amendments to the Articles of Association of JSC “Parex banka”;
3.    On re-naming of JSC “Parex banka”.

Shareholder Registration will be open from 09.30 a.m. till 10.00 a.m. on the day of meeting – December 28, 2011 - at the venue of the meeting.

Shareholders have rights to participate in the meeting in person or by mediation of their legal representatives or authorised persons:
    upon registration, shareholders shall present a passport or other personal identification document;
    upon registration, representatives and authorised persons of shareholders shall present a passport or other personal identification document, and shall submit written power of attorney of the represented shareholder issued according to legislative acts, or legal representatives shall present a document certifying the authorisation.

Shareholders of JSC “Parex banka” can get acquainted with draft decisions as well as additional information and give their suggestions and proposals on the Agenda starting from 14 December, 2011 till 27 December, 2011 at premises of JSC “Parex banka”, Republikas laukums 2A, Riga, Latvia on all business days from 10.00 a.m. till 16.00 p.m., arranging appointment on the previous day by the phone number +371 67779178 and at Registration on the meeting day.

The proposed amendments to the Articles of Association on the 2nd item of the agenda „On amendments to the Articles of Association of JSC “Parex banka””:
1. Replace in whole text of Articles of Association of JSC “Parex banka” (except in words “Parex banka”) the word “Bank” with the word “Company”.
2. To amend Paragraph 2.1 of Articles of Association of JSC „Parex banka”, approving its new wording as follows:
“2.1. The main types of the Company’s commercial activity in accordance with the 2nd revision of NACE classification (Statistical classification of economic activities) are as follows:
2.1.1. Restructuring of the Company’s loans (00.00);
2.1.2. Recovery of the Company’s loans (00.00);
2.1.3. Buying and selling of own real estate (68.10);
2.1.4. Renting and operating of own or leased real estate (68.20);
2.1.5. Management of real estate on a fee or contract basis (68.32).”
3. To exclude Paragraphs 6.3.10.-6.3.12. of Articles of Association of JSC „Parex banka”;
4. To amend Paragraph 6.3.13. of Articles of Association of JSC „Parex banka”, approving its new wording as follows:
“6.3.13. granting any credit or pledge or making any decision which imposes to the Company the obligations to the amount exceeding the amounts approved by the Supervisory Council, exccept granting credit to any of Company’s affiliates”.


Yours sincerely,
JSC “Parex banka” Management Board


Additional information:
Marita Ozoliņa-Tumanovska
Head of Communication and Marketing Department
Telephone: 67779142 or 29287169
E-mail: Marita.Ozolina@parex.lv