New Supervisory Council of Parex banka was elected on 29 June 2009 during the annual General meeting of the Bank's Shareholders. In accordance with the resolution made during the meeting the following members are elected to Parex banka's Council - Andžs Ūbelis, Michael J. Bourke, Laurence Phillips Adams, Kaspars Āboliņš and Carl Hakan Kallaker. Representative from the EBRD, Laurence Phillips Adams was elected to Parex banka's Council. L.Adams is a lawyer specializing in banking with a 25-year experience in financial sector; he has worked for such foreign financial institutions as ABN AMRO and Citibank. Similarly, Michael Bourke, a former long-term president of Rietumu banka, was also elected to Parex banka's Council. M.Bourke has an extensive experience working for the Central Bank of Ireland, International Monetary Fund and NCB Group. M.Bourke is a member of FCCA. Furthermore, General meeting approved Parex Group's Consolidated Annual Report 2008, elected an auditor for the next reporting periods and made amendments to the Articles of Association of Parex banka. About Parex banka: Founded in 1992, Parex banka 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 is the only partner of American Express in Latvia and Lithuania, allowed to issue American Express credit cards. Since 27 February 2008, the Latvian Privatisation Agency is the majority shareholder of Parex banka. Additional information: Indra Zinkevica Head of Corporate Communications and PR Parex banka Ph. +371 6777 8571 or +371 2913 9449 E-mail: pr@parex.lv http://www.parexgroup.com/en/