Latvijas Krajbanka                                  06.12.2004.



Results of Latvijas Krajbanka's shareholders meeting



1. About the entry of JSC “Latvijas Krājbanka” into the Commercial Register.

The General Shareholders’ Meeting resolved:

1. to apply the Joint Stock Company “Latvijas Krājbanka” for entry into the Commercial 

Register;

2. to authorise the Board of JSC “Latvijas Krājbanka” to carry out the actions necessary 

for performance of this resolution.



2. About the conversion of the reserve shares of the Board

The General Shareholders’ Meeting resolved:

1. to convert 21 000 reserve shares without voting right with the par value of LVL 1 of 

JSC “Latvijas Krājbanka” into ordinary bearer’s shares, category – with voting right, par

 value – LVL 1 (hereinafter also – the Shares) and to launch them into public circulation,

 starting their quotation at the Free List of the Riga Stock Exchange;

2. to authorise the Board of JSC “Latvijas Krājbanka” to carry out all actions necessary 

for performance of this resolution, including to work out and confirm the Prospectus, to 

submit it for registration at the Commission of Finances and Capital Market, to adopt 

resolutions, conclude agreements and undertake the obligations in legal relations with the 

Riga Stock Exchange linked to the start of quotation of the Shares.



3. About the confirmation of the Charter of JSC “Latvijas Krājbanka” in the new wording

The General Shareholders’ Meeting resolved:

in connection with the entry of the Joint Stock Company “Latvijas Krājbanka” into the

 Commercial Register:

1. to confirm the Charter of the Joint Stock Company “Latvijas Krājbanka” in a new wording 

in accordance with the appendix;

2. to authorise the Board of JSC “Latvijas Krājbanka” to make the relevant amendments into

 the text of the Charter of the Joint Stock Company “Latvijas Krājbanka” in the case when 

it is required by the Companies’ Register of the Latvian Republic.



4. About the issuance of debt securities

For attraction of monetary means for a certain period for ensuring of the principal 

operations of the Joint Stock Company “Latvijas Krājbanka”,

the General Shareholders’ Meeting resolved:

to authorise the Council of JSC “Latvijas Krājbanka” during the period till December 31 of

 2005:



* to adopt resolutions about the issuance of hypothecary pledge notes and/or non-convertible

 bonds, determining the class and type, par value of the debt securities to be issued, 

extent and currency of issue, term for distribution and discharge of debt securities, as well 

as other necessary conditions of the issue;

* to confirm the prospectuses for issue of non-convertible bonds and hypothecary pledge notes

 of JSC “Latvijas Krājbanka”;

* to adopt resolutions about the quotation of non-convertible bonds and hypothecary pledge 

notes at the ------ list of debt securities of the Riga Stock Exchange;

* to carry out all actions necessary for ensuring of the issuance and start of the quotation

 of the securities.