JSC  "NORD/LB"  extraordinary  general  meeting of shareholders will be

held on November 7, 2003, at 10:00, at 6 Smilšu Street, Riga. "NORD/LB"

bonds  issue  will  be  the  sole item on the agenda. The planned total

issue  value is LVL 10 million; the first part LVL 5 million worth will

be  issued  in November of 2003. The decision about the bonds issue has

been  passed  by  Supervisory  Board  and  needs  to be approved by the

shareholders. The money raised will be used for development purposes.