03.07.2002, Latvijas Hipotēku un zemes banka, RIG

"Latvijas Hipotēku un zemes banka" AGM of shareholders on their meeting

of July 3, 2002, resolved on the following:



1)  To elect Supervisory Board: Gundega Šulca (Chairman), Zaiga Liepiņa

(Deputy Chairman), Māris Klismets, Laimdota Straujuma, Vija Gēme, Uldis

Apels, Linda Kaņepe;



2) To issue AJ, AK and AL series mortgage bonds, following the rules:



- AJ series issue volume LVL 5,000,000, maturity up to 5 years, placing

period  -  up  to  2  years, nominal value LVL 100, coupon payments - 2

times per year; callable;



- AK series issue volume LVL 5,000,000, maturity up to 7 years, placing

period  -  up  to  2  years, nominal value LVL 100, coupon payments - 2

times per year; callable;



-  AL  series  issue  volume  LVL  5,000,000,  maturity up to 10 years,

placing  period - up to 2 years, nominal value LVL 100, coupon payments

- 2 times per year; callable.