Resolution (project) of the Annual Meeting of the

On the Amendments to the Terms of Increase of Share Capital of JSC „Latvijas
Krājbanka” 

The Meeting of Shareholders decided:

1. To make the following amendments to the Articles of Association of the JSC
“Latvijas Krājbanka” 
1.1. expressing Clause 3.1 of the Articles of Association as follows:

“3.1. Bank's share capital is LVL 9'909'246 (nine million nine hundred and nine
thousand two hundred and forty six). 
1.2. expressing Clause 4.1 of the Articles of Association as follows:

“4.1.  The Bank's share capital is made up of 9,909,246 (nine million nine
hundred and nine thousand two hundred and forty six), including: 
             
            9,906,412 ordinary one-category shares all having equal rights to
receipt of dividends, liquidation quota and voting rights at the Shareholders
Meeting; 

2'834 “A” preference bearer shares all having equal guaranteed rights to
receive dividends and the liquidation quota. “ 

1.3. expressing Clause 5.6  of the Articles of Association as follows:

“5.6. The Council should be composed of 7 (seven) members. The Council shall be
elected for 3 years.”

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