HANSAPANK

ANNOUNCEMENT



HANSABANKA AND VENTSPILS UBB MERGER



On May 25 the Latvian Central Bank gave its approval to the merger of

a/s Hansabanka and a/s Ventspils Apvienotā Baltijas Banka (Ventspils

UBB). The merger will be finalised after its registration in the

Latvian Company Register.



The merger of Hansabanka and Venspils UBB will be done through a share

swap. For this purpose Hansabanka will issue 7.5 million shares at par

value (1 LVL per share) to the shareholder of Ventspils UBB, i.e.

Hansapank.



As at March 31 the combined assets of Hansabanka and Ventspils UBB

were LVL 285.7 million (market share 13.5%), combined deposits LVL

231.3 million (market share 16.2%), total loans LVL 110.9 million

(market share 12.4%).





Mart Tõevere

Investor relations

+372 6131 569