“Parex Asset Management” IPAS (“PAM”) announces that the second issue of investment certificates of the closed-end investment fund Parex Baltic High Yield fund was closed successfully on February 14, 2007, and the entire volume of the second issue (EUR 3’000’000) has been sold. The price of a second issue investment certificate was EUR 1050. About Parex Asset Management: With over EUR 1 billion of assets under management Parex Asset Management is the largest investment management company in the Baltic region. PAM offers investment management and advisory services to domestic and international retail, corporate and institutional clients. It also manages a number of investment funds, as well as the second and third pillars pension plans. Through its subsidiaries, PAM also operates in Lithuania, Russia and Ukraine.
The second issue of investment certificates of Parex Baltic High Yield Fund has been successfully closed
| Source: Citadele Asset Management