On December  11, 2003  Riga Stock Exchange will run a primary placement

auction of "Hipotēku un zemes banka" AM series mortgage bonds.



30,000  mortgage  bonds  with total nominal value LVL 3,000,000 will be

auctioned.  The  mortgage  bonds will mature on August 15, 2013 and the

fixed  coupon  rate is 5.25. The accrued interest as of settlement date

will be 1.76%.



Any  investor  may participate at the auction by submitting bids to the

banks and brokerage companies licensed for operations in the securities

market.



AM  series  mortgage  bonds  will be sold at competitive multiple price

auction  with  extension.  Bids  will  be  accepted from the Riga Stock

Exchange members on December 11 from 11:00 till 12:00 and the extension

will start from 12:00.

Settlement date for the auction will be on December 16, 2003.



For more information, please contact:

Krista Grintale

Corporate Communications Director

Riga Stock Exchange

Phone: +371 7212431



Riga  Stock  Exchange  is part of HEX Integrated Markets, a division of

OMHEX,  is  northern  Europe's  largest  securities market. Through its

exchange  operations within Stockholmsbörsen, HEX Helsinki, HEX Tallinn

and

HEX  Riga  (Riga  Stock Exchange), it offers investors access to 80% of

the  Nordic  equity  market  and  75%  of the Baltic equity market. HEX

Integrated Markets also operates CSDs in Finland, Estonia and Latvia