Baltikums Banka Shall Increase its Fixed Capital to LVL 23,442,200

The decision was made at the Baltikums Banka shareholders' meeting to increase
the bank's fixed capital, to pay dividend, and to make relevant amendments to
the Articles of Association. 

The decision was made at the Baltikums Banka shareholders' meeting to increase
the bank's fixed capital, to make relevant amendments to the Articles of
Association, and to pay dividend. 

The decision was made at the meeting to increase the bank's fixed capital to
LVL 23,442,200 and the full payment of the capital was made. The shareholders'
meeting also approved relevant amendments to the Articles of Association. 

Amendments to the Articles of Association of AS “Akciju komercbanka “Baltikums””

To express Clause 3.1. „Fixed Capital and Types of Shares” of the Articles of
Association as follows: 

“3.1. The fixed capital of the Company amounts to 23'442'200 LVL (twenty-three
million four hundred and forty-two thousand lats). The fixed capital of the
Company consists of 23'442'200 (twenty-three million four hundred and forty-two
thousand) shares. The value of one share is 1 LVL (one lat).” 
 
To express Clause 2. „Lines of Commercial Activities” of the Articles of
Association as follows: 

„The Company shall carry on the following commercial activities:
1)      Other monetary intermediation (NACE 2 - 64.19);
2)      Financial leasing (NACE 2 - 64.91);
3)      Other lending services (NACE 2 - 64.92);
4)      Other financial service activities, except insurance and pension
funding n.e.c. (NACE 2 - 64.99); 
5)      Administration of financial markets (NACE 2 - 66.11);
6)      Security and commodity contracts brokerage (NACE 2 - 66.12);
7)      Other activities auxiliary to financial services, except insurance and
pension funding (NACE 2 - 66.19); 
8)      Fund management activities (NACE 2 - 66.3)”.

The decision was also made at the meeting to pay the dividend from the
remaining share of undistributed profit of 2008 worth 2 500 000 LVL. 

Uldis Zandars
AS “Akciju komercbanka “Baltikums”” 
Deputy of Head of the Product Development and Marketing Department
Tel.: +371 67 031 408, +371 29 206 536
E-mail: uldis.zandars@baltikums.eu