ABLV Bank, AS Changes in share capital and votes 27.04.2012

ABLV Bank increase equity capital to LVL 15 million

Riga, Latvia, 2012-04-27 17:00 CEST (GLOBE NEWSWIRE) -- Issue of ABLV Bank, AS
new shares has been successfully completed. 10 600 shares have been issued
additionally to 121 000 that constituted the bank share capital before,
including 110 000 shares with voting rights and 11 000 employee shares without
voting rights. Employee shares have been issued in March 2012 and divided among
21 senior managers of the bank.

Though the issue was in the form of non-public offering to a limited group of
persons, the overall paid amount of applications exceeded LVL 19 million, which
is 29% above the offer amount; therefore, some of the applications have been
fulfilled partly. The shares’ selling price was LVL 1410 each. 35 bank current
shareholders took part in share issue.

Upon completion of the issue, bank capital consists of 120 600 shares with
voting rights and 11 000 employee shares without voting rights. The bank major
shareholder – Oleg Fil, Ernest Bernis and Nika Berne – part in the bank capital
stay previous.

ABLV Bank Chairman of the Board and Chief Executive Officer Ernest Bernis
remarks: “The fact that demand far exceeded supply, confirms once more that we
have many loyal shareholders who wish to participate personally in the bank's
development and to grow with us.”

ABLV Bank is the largest independent private bank in Latvia. The bank’s
majority shareholders – Oļegs Fiļs, Ernests Bernis and Nika Berne – directly
and indirectly hold 86% of the bank's share capital. ABLV Group includes ABLV
Bank, AS; ABLV Capital Markets, IBAS; ABLV Asset Management, IPAS; ABLV
Transform Partnership, KS; ABLV Consulting Services, AS; ABLV Corporate
Services, SIA; New Hanza City, SIA, and other companies. ABLV Group has
representative offices in Moscow, St. Petersburg, Yekaterinburg, Kiev, Odessa,
Minsk, Almaty, Dushanbe, Baku, and Tashkent.


Ilmārs Jargans
Head of Public Relations Department
ABLV Bank, AS
Tel.: +371 6777 5296
Mob.: +371 2866 0009

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