JSC  "Pirmā  banka"  extraordinary general meeting of shareholders will

take  place  on  September  25,  2001, at the premises of the Bank at 6

Smilšu Street, Riga, F5, R530.

Agenda:

1. Increase of share capital.

2. Amendments to the Bank Charter.

3. Other business.

Draft resolutions.

Increase  of  share capital General meeting of shareholders resolved to

increase  JSC  "Pirmā  banka" share capital with the objective to raise

extra  funds for the Bank development and expansion and for development

and introduction of new services.

1.  To  increase  JSC  "Pirmā  banka" share capital by LVL 8,800,086.00

(eight  million eight hundred thousand and eighty-six lats), by issuing

8,800,086  common  registered voting shares with nominal value LVL 1.00

(one lat) in a closed share issue No11.

2.  To  approve  the  Rules and Prospectus for JSC "Pirmā banka" closed

share issue No11.

3. To amend Items 3.1 and 3.3 of the Bank Charter:

3.1 Foundation capital of the Bank is LVL 500,000.

Registered capital of the Bank is LVL 20,160,896.00 (twenty million one

hundred and sixty thousand, eight hundred and ninety-six lats).

1.3  Share capital of the Bank is built of 20,160,296 common registered

voting  shares  with  nominal  value  LVL 1.00 (one lat) and 600 common

registered  non-voting  shares  with  nominal value LVL 1.00 (one lat),

reserved  for  the Management pursuant to Item 6.22 of the Charter. One

common  registered  voting share is entitled to one vote at the general

meeting of shareholders.

4. To give mandate to the Bank Management Board to submit the documents

of  the  closed  share  issue  No11  to  Financial  and  Capital Market

Commission,  to Company Register of the Republic of Latvia and, if need

be, to any other institutions, and to take the necessary activities for

making  corrections  in  the  issue  documents  for registration at the

Company Register.