Shareholders  General  Meeting  of  A/s  'Latvijas  Unibanka'  passed a

resolutions on March 30, 1998:

1. To approve annual report for 1997.

2. To approve changes of regulations of A/s ' Latvijas Unibanka'.

3.  SGM  proposed  to  pay LVL 0.10 dividends per share for 1997 ( cash

dividends

0.075 LVL per share and stock dividends 0.025 LVL per share )

4.  SGM  proposed  to  increase companies capital by part of profit for

1997 ( LVL 3

634 719 ) by issuing a respective amount of shares. The shares shall be

distributed  to  the shareholders in proportion to the amount of shares

owned.

5.  Dividends  and  additional  shares  shall  be  distrebuted  to  the

shareholders as of April 16, 1998.

6.  SGM  elected members of Supervisory Board : Viktors Kulbergs, Karls

Malmeuss, Džonatans Hārfilds, Hamids Ladjevardi, Kristīne Čakste, Juris

Padegs, Tords Martins Olofssons.

7.  SGM  elected  members  of  Management Board : Andris Bērziņš, Ivars

Ķirsons, Kazimirs Šļakota, Viesturs Neimanis, Armands Grīnbergs.

8. To approve audit firm' Arthur Andersen' as auditor for 1998.

9. To approve budget and operation plan for 1998.

Reference  on  resolution N. 3 of shareholders General Meeting of A/s '

Latvijas Unibanka'.

3.  SGM  proposed  to  pay LVL 0.10 dividends per share for 1997 ( cash

dividends

0.075 LVL per share and cash bonus dividends 0.025 LVL per share ).