CORRECTION: the venue of the AGM is changed to 55 Elizabetes Street in Riga The Management Board of SC Parex banka made a decision to call annual general meeting of shareholders on 29 June 2009 at 11.00am at 55 Elizabetes Street in Riga. The annual general meeting of shareholders will include the following issues in the agenda of the meeting: 1. On approval of annual report of SC "Parex banka"; 2. On election of external auditor for the next reporting period; 3. On amendments of articles of association of SC Parex banka. 4. On approval of regulations on internal audit committee of SC Parex banka. As previously announced the Privatisation Agency has made an investment of 140 750 000 lats into SC Parex banka capital (thus, fully covering the previously announced issue of shares) and issued a subordinated loan amounting to 71 527 766 euros (50 270 000 lats) on 22 May 2009. On 23 March 2009 the Management Board of SC Parex banka has made a decision to organize a common meeting of the shareholders in the second quarter of 2009, mainly due to necessity to prepare additional documentation after successful finalization of the negotiation process with its syndicated lenders, as well as to organize to ensure effective and fast decision making process from the perspective of wise utilization of available resources. About Parex banka: Founded in 1992, Parex banka offers universal banking services throughout the Baltic region, the CIS and other European nations such as Germany, Switzerland and Sweden. Parex Group companies operate across the banking, finance, leasing, asset management and life insurance sectors. Parex banka is the only partner of American Express in Latvia and Lithuania, allowed to issue American Express credit cards. Since 27 February 2008, the Latvian Privatisation Agency is the majority shareholder of Parex banka. Additional information: Irena Mizisa Head of Investor Relations Ph. +371 6777 8565 E-mail: investor.relations@parex.lv