PRESS RELEASE 19 December 2008 PAREX BANKA ELECTS NEW COUNCIL IN EXTRAORDINARY MEETING OF SHAREHOLDERS New Supervisory Council of Parex banka was elected on 19 December during the extraordinary Shareholders' meeting of the Bank. In accordance with the decision made during the meeting the following members are elected in the Parex banka's Council - Rolands Paņko, Andžs Ūbelis, Kaspars Āboliņš, Gints Freimanis, Carl Hakan Kallaker and Žaneta Jaunzeme - Grende. Additional Information: Indra Zinkevica Head of International Communications E-mail: indra.zinkevica@parex.lv Ph.: + 371 777 8571