JSC  "Pirmā  banka" general meeting of shareholders will be convened on

March  21,  2002, at 10:30, at the Bank premises 6 Smilšu Street, Riga,

5th Floor, R530. Agenda:

1. Review and approval of the Annual Report for 2001.

2. Discharging of Management Board members for their responsibility for

Bank operations in 2001.

3. Distribution of 2001 profits.

4. Amendments to the Charter.

5. Elections of Supervisory Board members.

6. Review and approval of the budget and business plan for 2002.

7. Elections of the Bank auditor for 2020.

8. Other business.

Shareholder registration will take place on the day of the meeting from

9:30  till 10:30 at the venue of the meeting. The shareholders who have

deregistered  their  shares  have  to provide a personal identification

document  and  a  receipt from the custodian certifying share blocking.

The shareholders who have not deregistered their shares have to produce

a  personal  identification  document.  Proxy  voting  is possible upon

producing  duly  issued  proxies.  Shares  have  to  be  blocked on the

accounts by the end of business day of March 11, 2002.

Information  on  the  agenda  items  is  available to the public at JSC

"Pirmā  banka"  premises  6  Smilšu  Street, Riga, from 14.03.2002 till

20.03.2002   on  business  days  between  10:00  and  16:00,  and  upon

registration  at  the meeting day. Moves and recommendations for agenda

items  are  welcome  by  JSC  "Pirmā  banka"  Management Board till the

opening of the meeting.

JSC "Pirmā banka" Management Board