JSC  "Pirmā  banka"  extraordinary  general  meeting of shareholders on

September 25,

2001, resolved on the following:

To increase JSC "Pirmā banka" share capital with the objective to raise

extra  funds for the Bank development and expansion and for development

and introduction of new services.

1.  To  increase  JSC  "Pirmā  banka" share capital by LVL 8,800,086.00

(eight  million eight hundred thousand and eighty-six lats), by issuing

8,800,086  common  registered voting shares with nominal value LVL 1.00

(one lat) in a closed share issue No11.

2.  To  approve  the  Rules and Prospectus for JSC "Pirmā banka" closed

share issue No11.

3. To amend Items 3.1 and 3.3 of the Bank Charter:

3.1 Foundation capital of the Bank is LVL 500,000.

Registered capital of the Bank is LVL 20,160,896.00 (twenty million one

hundred and sixty thousand, eight hundred and ninety-six lats).

3.3  Share capital of the Bank is built of 20,160,296 common registered

voting  shares  with  nominal  value  LVL 1.00 (one lat) and 600 common

registered  non-voting  shares  with  nominal value LVL 1.00 (one lat),

reserved  for  the Management pursuant to Item 6.22 of the Charter. One

common  registered  voting share is entitled to one vote at the general

meeting of shareholders.

4.  To  give  mandate  to  the  Bank  Management Board to harmonise the

amendments  to the Charter with Financial and Capital Market Commission

and  to  register them with Company Register of the Republic of Latvia,

and  to pursue any other activities required to enact the amendments to

the Bank Charter.

JSC  "Pirmā  banka" net profit during the first eight months of 2001 is

450

thousand lats.