OREANDA-NEWS. November 13, 2008. The joint-stock company "Latvijas Krajbanka" (hereinafter referred to also as Krajbanka) informs that Krajbanka, according to the decision "About the AS “Latvijas Krajbanka” stock capital increase" adopted at the extraordinary meeting of the shareholders on 24.10.2008, commences the public offering of 5'000'000 (five million) new emission ordinary bearer shares at nominal value LVL 1 (one lat), category - with right of receiving dividends, receiving liquidation quota and with voting right at the meeting of shareholders (hereinafter referred to as the Shares). Sales price of one Share is LVL 3.00, reported the press-centre of Latvijas Krajbanka.

Subscription to the Shares is launched on the 12 November 2008 at 10:00 o’clock and will continue until 29 December 2008 (including).

The subscription will proceed in three stages. During first two stages right to subscribe to the Shares will have those shareholders of Krajbanka, who, in accordance with the list of the shareholders prepared by the joint-stock company “Latvian Central Depository” as of 10 November 2008 (at the end of the day) will be defined as the owners of the ordinary and/or preference shares of the Krajbanka (hereinafter referred to also as - the Shareholders), but during the third stage - also other investors in accordance with the procedure set in the Emission prospectus of the joint-stock company "Latvijas Krajbanka" (hereinafter referred to also as the Prospectus).

During the first subscription stage, which will proceed from the 12 November 2008 until 12 December 2008 (including), Shareholders of Krajbanka can use their pre-emptive rights to subscribe to the Shares proportionally to the number of ordinary and preference shares possessed by each Shareholder as of 10 November 2008 (by the end of the day).

It is possible to learn about the Prospectus and receive it free of charge every working day from 9.00 until 17.00 at the client service centre of the Krajbanka, situated at 15 Dalina Street in Riga, by giving prior notice by phone 67092078.

The full text of the Prospectus is available on the website of the Financial and Capital Market Commission http://www.fktk.lv/ and on Krajbanka website http://www.lkb.lv/.  
 
The information on the second and third subscription stage will be published on Krajbanka website http://www.lkb.lv/ in accordance with procedure set in the Prospectus.