2004.02.05, Latvijas Hipotēku un zemes banka, RIG

General  meeting of shareholders of "Latvijas Hipotēku un zemes banka",

held  on  February 4, 2004, resolved on a USD-denominated mortgage bond

issue.  The total value of the public issue will be USD 20,000,000, and

issuing terms and conditions will be the following:

- total issue may be split up in several series;

-  for  each  individual  mortgage  bond the maturity may not exceed 10

years.