Riga Stock Exchange                                                       06.07.2005



Announcement on the results of government debt securities primary placement auction



ISIN code of the security: LV0000540847

Date of competitive multi-price auction: 06.07.2005

Settlement date: 08.07.2005

Maturity date: 07.07.2006

Supply value for competitive multi-price auction (LVL): 8,000,000

Total value bid at competitive multi-price auction (LVL): 23,240,000

Total value placed via competitive multi-price auction (LVL): 4,200,000

Number of participants at competitive multi-price auction : 5

Average volume-weighted and top bid yield in executed bids: 2.302 and 2.340

Top admissible yield as specified by State Treasury (%):2.350