AS “Citadele banka” plans to issue new subordinated bonds in the amount of up to EUR 40 million. The issuance is expected to take place in the near future. The proceeds from the offer are to be used by Citadele for its general business development and to further strengthen the regulatory capital structure.

More detailed information will follow after the approval of the prospectus or after the determination that further disclosure is appropriate in accordance with applicable law.

         Nataļja Fokina
         Head of Treasury sector
         Natalija.Fokina@citadele.lv
         Mob.: +371 26424732