The joint-stock company “Latvijas Krājbanka” (hereinafter referred to as - Krājbanka) has already informed that on 24 April 2008 it concluded the contract (hereinafter referred to as - the Contract) with AS “Parex banka” on the acquisition of AP Anlage & privatbank AG shares. According to the contract the transaction will be over after the provisions, defined by the Contract, are fulfilled, but not later than until 24 January 2009. The parties have agreed to prolong this term until 24 October 2009. According to the Contract, Krājbanka has deposited a part of the purchase price in the amount of EUR 5'000'000 (five million) on the escrow account within AS “Parex banka”. Since before the closing date of the transaction no circumstances were provided, the entry of which is required in order Krājbanka would be obliged to make the transaction closing operations, Krājbanka requires the full repayment of the funds deposited on the escrow account within AS “Parex banka”, whereof under the term of the Contract Krājbanka has submitted AS “Parex banka” the official notice of dispute. In the case the parties fail to agree on the further performance of the Contract within 30 days, the dispute will be submitted to the London Court of International Arbitration. Kristīne Ozolniece AS “Latvijas Krājbanka” The expert of public relations Phone: 67068031 Mobile: 25912461 E-mail: kristine.ozolniece@lkb.lv