On 27 September 2016, a meeting of ABLV Bank, AS shareholders took place. At the meeting, the amendments to ABLV Bank Articles of Association were approved, increasing the representation quota in order to call a meeting of shareholders and make decisions, as well as re-electing the Audit Committee due to the expiry of the term of office of the current Audit Committee members.

At the meeting of shareholders, the following members of the Audit Committee were elected: Oļegs Fiļs, Ruta Skrastiņa and Olga Ibišova.

Olga Ibišova is an independent member of the Audit Committee in accordance with Article 54¹(7) of the Financial Instrument Market Law.

The term of office of the Audit Committee members is 3 (three) years; the term shall start on 1 October 2016.
  

         Ilmārs Jargans
         
         Head of Public Relations Department
         ABLV Bank, AS
         Tel.: +371 6777 5296
         e-mail: ilmars.jargans@ablv.com