2004.08.10, Latvijas Hipotēku un zemes banka, RIG

On  9 August 2004 JSC 'Mortgage and Land Bank of Latvia' determined the

following interest income rates for AJ, AK and BA series mortgage bonds

for  the  interest  income  period from 15 August 2004 till 15 February

2005:

+---------------------+--------------+--------------+--------------+

|Name of Security     |  AJ Series   |  AK Series   |  BA Series   |

|                     |Mortgage Bonds|Mortgage Bonds|Mortgage Bonds|

|ISIN code            | LV0000800167 | LV0000800183 | LV0000800217 |

| Interest income rate|    4.75%     |     4.75%    |     2.625%   |

+---------------------+--------------+--------------+--------------+







The   interest   income  rate  was  determined  on  the  basis  of  the

prospectuses  of  AJ  and AK series mortgage bonds and prospectus of BA

series mortgage bonds.



R. Paņko

Deputy Chairman of the Board