Riga  Stock  Exchange  Managment  Board, pursuant to the provisions of

Item  3.2.1  of  the RSE Enforcemetn Note on Securities Lists, resolved

on   its  meeting  of  June 10, 2003, to list JSC "Latvijas Hipotēku un

zemes banka"AJ series mortgage bonds on the Official list starting with

June 16, 2003. Specifications:

1. ISIN code:                                 LV0000800167

2. Maturity date:                             August 15, 2008

3. Nominal value:                           100 LVL

4. Number of securities listed:         30 000

5. Coupon rate:                              6-month RIGIBOR+0.5%

6.  Coupon  payment  dates:              February 15 and August 15 each

year

7. First coupon date:                      August 15, 2003