Resolution (project) of the Annual Meeting of the Shareholders of the JSC “Latvijas Krājbanka”

On Use of JSC “Latvijas Krājbanka” Profit

The Meeting of Shareholders decided:


1. The audited profit in the amount of 4'105'894,39 lats for the financial year
of 2006 shall be   allocated: 
1.1.	in accordance with the Clause 8.5.1 of the share issue prospectus of the
JSC “Latvijas Krājbanka” for 2006  (approved by the Board of Directors of the
JSC “Latvijas Krājbanka” dated 31 October 2006, protocol №77, The 5 Clause of
agenda) and the Articles of Association of the JSC “Latvijas Krājbanka”,
dividends for the  “A” category preference bearer shares shall be paid in the
amount of LVL 1'161,94 or LVL 0,41 per one preference share, the date of
calculation of dividends shall be considered 2 April 2007 and the date of
dividend payout shall be 12 April 2007; 
1.2. dividends for the ordinary shares shall be paid to the shareholders in the
amount of LVL 1'981'282,40 or LVL 0,20 per one ordinary share, the date of
calculation of dividends shall be considered 2 April 2007 un the date of
dividend payout shall be 12 April 2007; 
1.3. the rest of the JSC “Latvijas Krajbanka” audited profit shall be
transferred to the undivided profit. 
			
Election of a Chartered Accountant

The Meeting of Shareholders decided:


1. To elect SIA “ERNST & YOUNG BALTIC”, reg. 40003593454, the chartered
accountant of the Joint Stock Company Latvijas Krājbanka for the year 2007. 

2. To order the Board to conclude an agreement with SIA “ERNST & YOUNG BALTIC”
on performance of audit for 2007, determining that the payment to the chartered
accountant does not exceed LVL 40`000 (forty thousand lats) (VAT included).