The shareholders of AS “Moda Kapitāls” have made a decision to increase the total size of the notes issue up to and including EUR 5,000,000 (five million euro zero cents). In accordance with the notes prospectus article 6.6 such decision has to be approved also by the note holders who are eligible to vote and own at least 2/3 of the issue which does not include the notes owned by the Issuer and/or its related parties (subsidiaries, shareholders, members of the management and supervisory board members or employees).

The Notes will be offered with the price, which equals to 100% of the nominal value plus any accrued interest on the settlement date. The initial offering of the Notes is regulated by the Terms of the Issue.

AS “Moda Kapitāls” would like to increase the issue size in order to raise additional financial means that will be used to lend to individuals and SMEs.

The list of the note holders who are eligible to participate in the voting (approve the amendments) will be determined at the end of the 18^th of October, 2011.

In order to participate in the voting a note holder shall fill out the attached application and submit it to the Issuer.

The note holders who would like to approve the offered amendments have to inform the Issuer not later than the 31^st of October, 2011. If the note holder does not inform the Issuer about the approval of the amendment till the deadline it shall be assumed that the note holder has not approved the amendments.

The filled in applications shall be submitted to the Issuer in person or by courier at AS “ModaKapitāls” main office in Riga, Ganibu dambis 40A-34 against counter-signature of a board member or by sending as registered mail or by fax (+371 67344507). Phone number for inquires is +371 67344508.The submitted applications are irrevocable or amendable.

The voting may be closed before the 31^st of October 2011 if all the note holders eligible to vote have submitted the applications.

AS “Moda Kapitāls” will announce the voting results one business day after the voting deadline. If the offered amendments are approved the Issuer shall register the prospectus amendments with Financial and capital markets committee within one month time.

Guntars Zvīnis
Member of the Board
JSC Moda Kapitāls
Phone Nr.: +37167344508
e-mail: guntars@draudzigsaizdevums.lv