AS "Latvijas Krājbanka" Statement on the Public Offering of the New Emission Shares

The joint-stock company "Latvijas Krājbanka" (hereinafter referred to also as
Krājbanka) informs that Krājbanka, according to the decision "About the AS
“Latvijas Krājbanka” stock capital increase" adopted at the extraordinary
meeting of the shareholders on 24.10.2008, commences the public offering of
5'000'000 (five million) new emission ordinary bearer shares at nominal value
LVL 1 (one lat), category - with right of receiving dividends, receiving
liquidation quota and with voting right at the meeting of shareholders
(hereinafter referred to as the Shares). Sales price of one Share is LVL 3.00. 

Subscription to the Shares is launched on the 12 November 2008 at 10:00 o'clock
and will continue until 29 December 2008 (including). The subscription will
proceed in three stages. During first two stages right to subscribe to the
Shares will have those shareholders of Krājbanka, who, in accordance with the
list of the shareholders prepared by the joint-stock company “Latvian Central
Depository” as of 10 November 2008 (at the end of the day) will be defined as
the owners of the ordinary and/or preference shares of the Krājbanka
(hereinafter referred to also as - the Shareholders), but during the third
stage - also other investors in accordance with the procedure set in the
Emission prospectus of the joint-stock company "Latvijas Krājbanka"
(hereinafter referred to also as the Prospectus). 

During the first subscription stage, which will proceed from the 12 November
2008 until 12 December 2008 (including), Shareholders of Krājbanka can use
their pre-emptive rights to subscribe to the Shares proportionally to the
number of ordinary and preference shares possessed by each Shareholder as of 10
November 2008 (by the end of the day). 
It is possible to learn about the Prospectus and receive it free of charge
every working day from 9.00 until 17.00 at the client service centre of the
Krājbanka, situated at 15 Daliņa Street in Riga, by giving prior notice by
phone 67092078. 
The full text of the Prospectus is available on the website of the Financial
and Capital Market Commission http://www.fktk.lv/ and on Krājbanka website
http://www.lkb.lv/. 
The subscription to the Shares is possible in the following client service
centres of Krājbanka on working days from 10:00 until 17:00: 

Jāņa Daliņa Street 15, Riga, LV-1013; Jēkaba Street 2, Riga, LV-1954; Brīvības
Street 40, Riga, LV-1050; Antonijas Street 6a, Riga, LV-1010; Maskavas Sreet
243, Riga, LV-1019; Dzelzavas Street 55, Riga, LV-1084; Dzirciema Street 27,
Riga, LV-1083; Mārupes Street 3, Riga, LV-1002 Bērzu Street 10a, Aizkraukle,
LV-5101; Lenču Street 1, Cesis, LV-4100; Parādes Street 17, Daugavpils,
LV-5400; Rīgas Street 65, Gulbene, LV-4400; Raiņa Street 6, Madona, LV-4801;
Lielā Street 5/7, Jelgava, LV-3001; Uzvaras Street 5, Dobele, LV-3701; Liepājas
Street 44, Kuldiga, LV-3301; Lielā Street 12, Liepaja, LV-3401; Atbrīvošanas
avenue 91, Rezekne, LV-4600; Rīgas Street 27, Valmiera, LV-4200; Kuldigas
Street 51, Ventspils, LV-3615; Kareivju Street 8, Talsi, LV-3201; Draudzības
avenue 2, Jekabpils, LV-5201. 

The information on the second and third subscription stage will be published on
Krājbanka website http://www.lkb.lv/ in accordance with procedure set in the
Prospectus. 



Kristīne Ozolniece
AS “Latvijas Krājbanka”
The specialist of public relations
Phone: 67068031
Mobile: 25912461
E-mail: kristine.ozolniece@lkb.lv