Riga Stock Exchange                                                   24.08.2005



Announcement on the results of government debt securities primary placement auction



ISIN code of the security: LV0000540854

Date of competitive multi-price auction: 24.08.2005

Settlement date: 26.08.2005

Maturity date: 25.08.2006

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

Total value bid at competitive multi-price auction (LVL): 21 800 000

Total value placed via competitive multi-price auction (LVL): 4 650 000

Number of participants at competitive multi-price auction : 5

Average volume-weighted and top bid yield in executed bids (%): 2.375 and 2.400

Top admissible yield as specified by State Treasury (%):2.400