OREANDA-NEWS. June 16, 2010.
On increase of the stock capital of AS “Latvijas Krajbanka”

The shareholders` meeting resolved:

To amend the „Regulations for the Increase of the Stock capital of the joint-stock company “Latvijas Krajbanka”” (hereinafter referred to as the Regulations) (approved at the ordinary shareholders` meeting of joint-stock company “Latvijas Krajbanka” on March 26th 2010, 4th item of the agenda):

1. To formulate the Clause 10 of the Regulations in the following wording:
 
“10. The subscription for the Shares shall be started at the next working day after announcement on public offer of the Shares and on the Shareholders` pre-emptive right (hereinafter referred to as – the Announcement) is published in the newspaper “Latvijas Vestnesis”. The Announcement shall be published after the permit the Financial and Capital Market Commission for enouncing the public offer of Shares is received, and with such calculation to ensure that every Share would be fully paid not later than until September 30, 2010, observing the terms defined in the Regulations.”

2. To formulate the Clause 14 of the Regulations in the following wording:
“14. During the third stage the Shareholders and other natural persons and legal entities are entitled to subscribe for all those Shares, which shall not be acquired by the Shareholders during the first and the second stage. The subscription term for the Shares during the third stage starts on the second-working day after the subscription term to the Shares during the second stage is over, and shall proceed until September 30, 2010 (inclusive).”

3. To formulate the Clause 16 of the Regulations in the following wording:
“16. The final subscription term for the new issue Shares is September 30, 2010 or the date, when the subscription for the new issue Shares during the third stage is over, depending on which comes the first. If necessary the Board reserves the right to specify the subscription terms within the said limits.”