Riga Stock Exchange                                                             08.12.2004



JSC “Latvijas Krājbanka” shares to be sold on the RSE



On December 16, 2004, during the daily trading session on the Riga Stock Exchange, 66,028 

state-owned JSC “Latvijas Krājbanka” regular voting shares will be made available for sale. 

The resolution was adopted by the RSE Management Board on December 8, 2004. Nominal value of a 

share is LVL 1.



Privatization Agency is the seller on behalf of the state. The shares are sold in compliance 

with "Latvijas Krājbanka" Privatization Rules, Phase 2, stipulating that shares not bought by 

the employees and pensioners, and the privatization reserve, shall be sold for cash on the Riga 

Stock Exchange not later than 90 days subsequent to the listing on the market. 



Riga Stock Exchange will provide the technical infrastructure.  “Latvijas Krājbanka” shares 

will be sold pursuant to the rules approved by the Privatization Agency Management Board..



The bids may be submitted to the RSE members – banks and brokerage companies – by 12:00 of 

December 16, 2004, pursuant to the rules of each individual bank or brokerage company, and the 

RSE Member and Trading Rules.



The maximum number of shares has to be specified in the bids, as well as the price the buyer is 

ready to pay.  The shares will be sold by the method of hidden orders and according to multiple 

price principle. In case the price in bids is the same, share will be allocated according to time 

priority. 



For more information, please contact:

Krista Grīntāle

Corporate Communications Director

Riga Stock Exchange

Phone: +371 7212431