Parex Asset Management hereby informs on the changes in its Board composition. Rems Kargins has retired as a Board Member of Parex Asset Management. Currently, the Board of Parex Asset Management includes Roberts Idelsons (Chairman of the Board), Edgars Makarovs, Zigurds Vaikulis, Igors Petrovs and Elena Coleman (Board Members). About Parex Asset Management Parex Asset Management (PAM) is the leading investment specialist and wealth management service provider in the Baltics. PAM invests internationally, maintaining a complete investment product range, when constantly tracking the best investment opportunities in each geographic region. Through its subsidiaries and representation offices the company operates in Lithuania, Estonia, Russia, Ukraine and Kazakhstan. In 2007 the company was named the “Best European Investment Specialist Firm of the Year” by Funds Europe Magazine. Parex Asset Management is a 100% subsidiary of Parex banka, one of the largest financial groups in the Baltic Region.