Today, on July 18, 2008, Balti Investeeringute Grupi Pank AS (BIG) issued 90 bonds with nominal value of 50 000 euros each in the total amount of 4.5 million euros (70.4 million kroons) through a private placement. The interest rate of the bonds is 11.75% per annum and maturity date is July 3, 2009. The arranger of the bond issue was Balti Investeeringute Grupi Pank AS and payment agent was Hansapank. The proceeds of the bond issue will be used for financing BIG's loan activities. Balti Investeeringute Grupi Pank AS is a bank operating based on local capital being one of the largest financing institutions in the Baltics specialised on lending to private individuals. As of the end of Q1 2008 BIG had 504 employees, the company had 41 offices in the three Baltic countries. Additional information: Piret Raudsepp CFO Phone: +372 735 0923 e-mail: piret.raudsepp@big.ee