Latvijas Hipotēku un zemes banka 10.01.2007 Announcement of the state-owned JSC “Mortgage and Land Bank of Latvia” Announcement of the state-owned JSC “Mortgage and Land Bank of Latvia” (hereinafter referred to as the Mortgage Bank) informs that the Board of the Mortgage Bank passed the following resolutions on 10 January 2007 (Minutes No 2 of the Board meeting): 1. on 15 February 2007, to reduce the issue volume of AI series mortgage bonds (ISIN code LV0000800118) from LVL 2,000,000.- (two million Latvian lats) to LVL 1,050,000.- (one million fifty thousand Latvian lats) in accordance with Article 6 of the Law on Mortgage Bonds and Article 3.5.2. of the prospectus of AI series mortgage bonds thus redeeming the mortgage bonds that the Mortgage Bank had acquired on the secondary market. 2. on 15 February 2007, to redeem the whole issue volume of BB series mortgage bonds (ISIN code LV0000800241) at their face value in accordance with Article 3.7.6.1. of the prospectus of BB series mortgage bonds. This resolution was made on the basis of the resolution “On Mandate of the Board of the Mortgage Bank”, passed on 4 February 2004 at the extraordinary shareholder’s meeting of the state-owned JSC “Mortgage and Land Bank of Latvia” (Minutes No 1, Article 4). Characteristics of the mortgage bonds redeemable prior to their maturity Series of the mortgage bonds AI BB ISIN code LV0000800118 LV0000800241 Number of the redeemable mortgage bonds 9,500 50,000 Face value of the redeemable mortgage bonds LVL 9,500,- USD 5,000,000.- Date of premature redemption 15 February 15 February 2007 2007 R.Paņko Deputy Chairman of the Board Processed by Mr. G.Henkels, telephone +371 7774050
LMB: Announcement of the state-owned JSC “Mortgage and Land Bank of Latvia”
| Source: Latvijas Hipoteku un zemes banka