On April 21, 2008 the shareholders of JSC Baltikums Bankas Grupa (BBG) made a decision on a new share issue as a result of which the share capital of the company will increase by LVL 10 143 000 and reach LVL 30 000 000.

The emission will be fully subscribed to and paid up by the Bank’s shareholders – SIA Alexander Peshkov Family Holdings, SIA Sergey Peshkov Holdings, SIA Oleg Chepulsky Holdings and SIA Andrey Kochetkov Holdings.

At the same time, other shareholders of BBG fully repurchased the share of the company stock that previously belonged to SIA Ivan Ulyanov Holdings.

After increase of share capital of BBG, shares will be distributed among shareholders (residents of Latvia) as follows:

· SIA Alexander Peshkov Family Holdings – 25%;
· SIA Sergey Peshkov Holdings – 25%;
· SIA Oleg Chepulsky Holdings – 25%;
· SIA Andrey Kochetkov Holdings – 25%.

BBG has 100% interest in JSC Akciju komercbanka Baltikums.