1. Article

Payment Amounts 1.1. Paid-in Portion of the Subscribed Capital According to Section 4 of the Statutes, upon request of the Bank, Latvia shall pay to the Bank, as its paid-in portion, 10.106502750 per cent of its share of the subscribed capital. Latvia’s paid-in portion of the subscribed capital is EUR 4,431,978.17. 1.2. Payments to the Bank’s Reserves Latvia shall pay to the Bank’s reserves according to the same proportion as its share of the subscribed capital. The amount to be paid is calculated based upon the total accumulated reserves reported under Equity in the Bank’s Balance Sheet at 31 December 2003 (including other value adjustments and profit for the year, less the proposed dividend distribution to the owners; for a detailed specification, see Annex 1). Latvia’s share of the accumulated reserves is EUR 13,199,839.98.