Changes in the composition of the council of Parex Asset Management

Labojums: pievienota ziņa angļu valodā



Asset Management Company "Parex Asset Management" notifies of the recent changes
in the composition of the Company Council.                                      

As a result of such changes the Company Council shall continue its work composed
of the following members: Chairman of the Council Nils Melngailis and the       
Council members Roberts Stugis, Anatoly Friedman and Russel James Breiding. The 
Council has been approved by April 1, 2009 by decision of the sole shareholder  
of the Company, and these changes were registered in the Commercial Register of 
the Republic of Latvia on April 17, 2009.                                       

About Company Parex Asset Management                                            
Parex Asset Management (PAM) is the leading investment management company in the
Baltic region. PAM offers a complete range of asset management services for both
local and international clients - private persons, corporate clients,           
investments funds, as well as pension plans of the 2nd and 3rd level of pension 
scheme and insurance companies. The subsidiary companies of PAM provide asset   
management services also to its clients in Lithuania, Russia and Ukraine.       
Company representative office operates also in Kazakhstan. In 2007 company Parex
Asset Management was announced as Best Specialized Investment Management Firm in
Europe by magazine Funds Europe. PAM is a subsidiary company of Parex Bank.