About termination of participation in the capital of AS “Pirmais atklātais pensiju fonds”

AS “Latvijas Krājbanka” (hereinafter referred to as - Krājbanka) has terminated
its participation in the joint-stock company “Pirmais atklātais pensiju fonds”
(First open pension fund), registration no. 40003377918, by selling all 250 000
shares of AS “Pirmais atklātais pensiju fonds” owned by Krājbanka (comprising
100% of the stock capital) to the company AB Bankas “Finasta”, which is one of
the investment group AB “Finasta Holding” companies. 
It was already informed that in April 2010 Krājbanka concluded the contract
with the company AB “Finasta Holding” on sale of the shares of AS “Pirmais
atklātais pensiju fonds” owned by Krājbanka. Later the new party AB Bankas
“Finasta” acceded to the contract.  The contract was concluded within
implementation of the strategy, developed by Snoras financial group, which
foresees that the investment group “Finasta Holding” shall ensure management of
all investment assets of the group Snoras (which also owns Krājbanka), thus
optimizing development of the investment services offered on the Latvian and
Lithuanian market. 



Kristīne Ozolniece
AS “Latvijas Krājbanka”
The expert of public relations
Phone: 67068031
Mobile: 25912461
E-mail: kristine.ozolniece@lkb.lv