Audit  firm  Arthur Andersen has finished a/s 'Latvijas Unibanka' audit

on March

19, 1998.

A/s  'Latvijas  Unibanka'  assets  on  December  31,  1997 were 247 687

million lats, on December

31,  1996  were 149 735 million lats. So a/s 'Latvijas Unibanka' assets

increased by 65,3 %.

Profit  before  taxes for 1997 is 8 898 millions lats, net profit 6 759

millions lats.

Earning per share is 27,2 santims.

Shareholders   General  Meeting  will  approve  results  of  audit  and

distribution of profit.

Shareholders will be ask to approve a cash dividends of 10 santimes per

share,  the  remaining  profit  will  be  paid  in  bonushares and bank

reserves.

A/s  'Latvijas  Unibanka'  shareholders General Meeting will be held on

March 30,

1998, at 14:00

in the hall of World Trading center, 2 Elizabetes St., Riga. Agenda:

1. On Annual Report of A/s 'Latvijas Unibanka'.

2.  On  dishrag of the Management Board members from the responsibility

for 1997

operations.

3. On dismissal or dishrag of Supervisory Board members.

4.  On  distribution  of  1997  profit and conversion closed issue into

public issue.

5.  On increase of share capital of A/s 'Latvijas Unibanka' and related

amendments to the company Chapter.

6. On budget for 1998 and operations plan.

7. On appointment of certified auditor for 1998.

Shareholders  willing  to  participate  at  the a/s 'Latvijas Unibanka'

General  Meeting  shall  have their share accounts blocked by March 18,

1998.

Register  of  shareholders  will  be  held  on  the day of shareholders

General Meeting from 9:00 until

14:00.