Extraordinary meeting of Parex banka's shareholders scheduled for today, 18 December, was cancelled due to technical reasons. Currently, the Latvian Privatisation Agency is the majority shareholder of Parex banka, holding 73.4% of the Bank's shares, but 22.4% are controlled by the European Bank for Reconstruction and Development; the remaining shares belong to minority shareholders. Previous shareholder meeting took place on 28 August 2009. About Parex banka: Founded in 1992, Parex banka currently employs some 1 900 people at branches all over Latvia and offers universal banking services throughout the Baltic region, the CIS and other European nations such as Germany, Switzerland and Sweden. Parex Group companies operate across the banking, finance, leasing, asset management and life insurance sectors. Parex banka has signed up to the European Code of Conduct on housing loans. For more information: Inga Saleniece, acting director Corporate Communications Department Telephone: +371 67778870 or +371 26564629 E-mail: pr@parex.lv