Baltikums Asset Management Has Established Baltikums Short-Term Investment Strategy Bond Fund

The asset management company Baltikums Asset Management owned by Baltikums
Banka has established an open investment fund Baltikums Short-Term Investment
Strategy Bond Fund. 

The main objective is to maintain safety of the capital of the fund investors
and to ensure its sustainable growth in short and medium term by using a
well-balanced investment strategy. Investments in the fund are a great
opportunity to submit free cash funds for professional management and diversify
financial risks. 

The fund resources will be invested largely into debt securities issued or
guaranteed by states, municipalities, central banks, international financial
institutions, credit institutions, and commercial entities. The fund targets at
short and medium term investments into fixed income securities; therefore, the
major part of the funds will be invested into short and medium term debt
securities. 

Upon commencement of the fund's operations, the value per one investment fund
share is 1000 US dollars, the minimal sale and buyback volume is 10 fund
shares, the principal currency of the fund - US dollars, the investment
certificate distributor and fund holding bank - AS „Akciju komercbanka
„Baltikums””. 

The fund's prospect and management regulations, the fund's financial reports,
as well as data on the fund's value and the investment certificate sale and
buyback price is available from the distributors and NASDAQ OMX Riga website:
www.nasdaqomxbaltic.com. 

The distributed investment certificates are available to any investor who holds
a financial instruments account with Baltikums Banka. 

The company anticipates launching new investment funds in future depending on
the situation in financial markets and demand from the customers. 

The Financial and Capital Market Commission has registered the investment fund
Baltikums Short-Term Investment Strategy Bond Fund opened by Baltikums Asset
Management and has allowed issuing to public rotation investment certificates
of the investment fund. Baltikums Asset Management has become a member of the
Latvian Central Depository in the issuer's status with the participant code
235. Emission accounts have been opened for the holding bank AS „Akciju
komercbanka „Baltikums”” and the issue of Baltikums Short-Term Investment
Strategy Bond Fund has been registered with the assigned ISIN code
LV0000400570. 
Baltikums Asset Management possesses a license issued by the Financial and
Capital Market Commission of the Republic of Latvia for individual management
of investment funds and financial instruments according to the investors'
orders. The company operates in compliance with requirements of legal acts of
the Republic of Latvia. 
Baltikums Asset Management provides asset and wealth management services and is
a member of Baltikums Bankas Grupa that has longstanding experience in banking
and investments. 
Currently, bonds of the third issue of Baltikums Asset Management parent
company Baltikums Banka are available in public rotation and quoted at NASDAQ
OMX Riga stock exchange, with the total value of EUR 10 million. Earlier
Baltikums Banka successfully redeemed its previous two issues and the first
issue of credit linked bonds (credit notes) in Latvia. 

In the first seven months of the year, the profit of Baltikums Banka amounted
to LVL 1.121 million. As of 31 July 2009, the Bank's assets made up LVL 100.906
million. By the end of July, Baltikums Banka issued loans totally worth LVL
26.773 million, including loans to households for purchase of housing worth LVL
14.1 thousand and mortgage loans worth LVL 17.1 thousand. As of the end of
July, the Bank attracted deposits worth LVL 72.053 million. 

Uldis Zandars
AS „Akciju komercbanka „Baltikums””
Deputy of Head of the Product Development and Marketing Department
Tel.: +371 67 031 408, +371 29 206 536
E-mail: uldis.zandars@baltikums.eu