Riga Stock Exchange                                              09.03.2005.



NORD/LB Latvija draft of decisions for NORD/LB Latvija JSC shareholders AGM, 

23 March 2005



Review and approval of the annual report for year 2004 of NORD/LB Latvija JSC 

Approve the Annual Report together with Dependency Statement for year 2004 of 

NORD/LB Latvija JSC submitted by the Management Board and reviewed by the 

Supervisory Council.



Release of the members of the Management Board of NORD/LB Latvija JSC from 

responsibility for year 2004

Release the members of the Management Board of NORD/LB Latvija JSC Andris Ozolins, 

Aivars Flemings, Rudolf Franz Karges and Michael Kiesewetter from responsibility 

for year 2004.



Distribution of the profit of NORD/LB Latvija JSC for year 2004

Draft of decision will be approved at Supervisory Council meeting on 

09 March 2005.



Amendments to the Articles of Association of NORD/LB Latvija JSC

1. To make the following amendments to the Articles of Association of 

    NORD/LB Latvija JSC:

1.1. Express Article 5.1 of Articles of Association of NORD/LB Latvija as 

     follows:

     “5.1. The Supervisory Council shall consist of seven Council members.”

2. Authorise the Management Board of NORD/LB Latvija JSC to take each and 

   every action to register above mentioned amendments to Articles of Association 

   of NORD/LB Latvija JSC with Commercial Register in conformity of Commercial Law.



Stating remuneration for members of Supervisory Council of NORD/LB Latvija JSC

State the following remuneration for Supervisory Council for years 2005-2008:

1. fixed amount of EUR 750.00 (Seven hundred fifty euro) per each meeting of 

   Supervisory Council for each Supervisory Council member not being an employee 

   of NORD/LB Group;

2. the annual bonus in amount of EUR 4000.00 (Four thousand euro) for each member 

   of Supervisory Council if the year’s average return of equity calculated on monthly 

   bases exceeds 10%. Return of equity shall be calculated by attributing net profit 

   to total shareholder’s equity for the respective month. 



Election of Sepervisory Council of NORD/LB Latvija JSC

1. Elect Supervisory Council of NORD/LB Latvija JSC in following composition: 

     Dr. Gunter Dunkel;

     Dr. Jürgen Allerkamp;

     Mr. Sven Herlyn;

     Dr. Gert Vogt;

     Mr. Peter-Jürgen Schmidt;

     Ms. Baiba Rubesa;

     Mr. Juris Binde.

2. Assign the Management Board of NORD/LB Latvija JSC to take all necessary 

   actions to register composition of the Supervisory Council with Commercial 

   Register.



Election of the chartered auditor of NORD/LB Latvija JSC for year 2005

1. Elect “PricewaterhouseCoopers” (Registration No. 000314279) as the chartered 

   auditor of NORD/LB Latvija JSC for year 2005, stating the remuneration in accordance 

   with the budget of NORD/LB Latvija JSC for year 2005, approved by Supervisory Council 

   of NORD/LB Latvija. 

2. Authorise the Management Board of NORD/LB Latvija JSC to conclude the contract on 

   auditing with “PricewaterhouseCoopers”.