Riga   Stock   Exchange  Management  Board  on  June 14,  2001 resolved

on  primary  method   of  open electronic auction,  of  15 000 mortgage

bonds  of  AG series with issued by state joint stock company "Latvijas

Hipotēku  un  zemes banka". Accrued date 2.73%. Open electronic auction

will be conducted on May 21, 2001. Bids can date from 10.00 to 12.00.