issue size EUR 10 000 000.00

nominal value EUR 100.00

maturity date  02.02.2010

interest rate p.a. 3M Euribor + 300bp

the arranger Parex banka

According to the listing decision made by Riga Stock Exchange Board on March 14, 2007, 100.000   JSC “Akciju komercbanka “Baltikums”” bonds are listed on Riga Stock Exchange Bonds List starting today, March 20, 2007.

Face value of the listing bonds EUR 100, the volume of the issue 10 000 000 Euro.

Securities maturity date is set February 2, 2010, with the annual interest rate - 3 month EURIBOR +3%. Interest will be paid quarterly - May 2, August 2, November 2 and February 2.

Security ISIN code is LV0000800407. Riga Stock Exchange has assigned security order book short name BABBFLOT10AB and SAXESS order book technical ID 39400.

Prospectus registered with the Financial Capital Market Commission March 2, 2007 and available on the Stock Exchange web-page.

With this, we announce that all the offered notes have been placed with investors and that the offering is completed. The Bank is going to carry out a 100 000 Notes Issue with the total size of EUR 10’000’000. The notes mature on 2 February 2010.

AS “Akciju komercbanka “Baltikums”” plans to use the proceeds raised through the notes issue for further development of shipping finance and trade finance.

This was the third notes issue of JSC “Akciju komercbanka “Baltikums””. In December 2004, JSC “Akciju komercbanka “Baltikums”” completed the first unsecured notes issue in the amount of EUR 3 855 500 with the 2 year maturity. The Notes of the first issue were repaid on December 29, 2006. The second issue of the Bank notes was completed in the spring of 2006. The total amount of this issue was EUR 5 000 000, with the term of 3 years. JSC “Parex banka” was also the arranger of the two previous issues.