Announcement on the results of government debt securities primary placement auctions


--------------------------------------------------------------------------------
| ISIN code of the security              |  LV00005 32273   |  LV00005 41001   |
--------------------------------------------------------------------------------
| Date of competitive multi-price        |    26.11.2008    |    26.11.2008    |
| auction                                |                  |                  |
--------------------------------------------------------------------------------
| Settlement date                        |    28.11.2008    |    28.11.2008    |
--------------------------------------------------------------------------------
| Maturity date                          |    29.05.2009    |    27.11.2009    |
--------------------------------------------------------------------------------
| Supply value for competitive           |    24 000 000    |    16 000 000    |
| multi-price auction (LVL)              |                  |                  |
--------------------------------------------------------------------------------
| Total value bid at competitive         |    8 263 500     |    3 200 000     |
| multi-price auction (LVL)              |                  |                  |
--------------------------------------------------------------------------------
| Total value placed via competitive     |    7 763 500     |    2 800 000     |
| multi-price auction (LVL)              |                  |                  |
--------------------------------------------------------------------------------
| Number of participants at competitive  |        5         |        3         |
| multi-price auction                    |                  |                  |
--------------------------------------------------------------------------------
| Top admissible yield as specified by   |      11.50       |      11.00       |
| State Treasury (%)                     |                  |                  |
--------------------------------------------------------------------------------
| Average volume-weighted and top bid    |   11.470 % and   |   10.357 % and   |
| yield in executed bids (%)             |     11.500 %     |     11.000 %     |
--------------------------------------------------------------------------------


Riga Stock Exchange                                                             
Market services                                                                 
(+371)67213224