HANSAPANK

ANNOUNCEMENT



DECISIONS OF HANSABANKA'S ANNUAL GENERAL MEETING



Today, on March 24 Hansapank’s Latvian subsidiary, Hansabanka’s Annual

General Meeting decided to:



1. Approve the bank’s audited financial statements. Hansabanka earned

an audited profit of LVL 1.049 million in 1999.



2. Approve the dismissal of the board members, Valdis Purvinskis and

Irena Krumane. The shareholders elected two new board members – Tina

Murmane and Girts Berzins. The job description of the new members for

the last three years is the following:

Tina Murmane – CFO

1997-1999 – Risk Manager, corporate sales, Hansabank Markets (Latvia)



Girts Berzins – Head of Product development

1998-2000 – Head of branch network

1996-1998 – Head of card department



Tina Murmane and Girts Berzins do not own Hansapank’s shares.



3. Approve the election of Ugis Zemturis and Viesturs Kulikovskis to

the board of Ventspils UBB.



4. Elect Deloitte & Touche as the auditor of Hansabanka.





Mart Tõevere

Investor relations

+372 6131 569