On May 8, 2007 an extraordinary General Meeting of Balti Investeeringute Grupi Pank AS („BIG") decided to amend the Articles of Association of the company and to approve the Corporate Governance Report for 2006 according to the requirements of Tallinn Stock Exchange.

The amendments to the Articles of Association are of technical nature and related to updating the Articles of Association in compliance with the requirements of current legislation. The amendments also affect the allowed types of shares (only one type of common shares) and a better description of the decision-making processes of the Supervisory Board and Management Board. The amendments do not affect the rights or obligations of the shareholders or creditors of the company. The new version of the Articles of Association will become effective after being approved by the Financial Supervision Authority and registered in the Commercial Register.

Corporate Governance Recommendations is a set of guidelines and recommendations and according to the requirements of the Tallinn Stock Exchange the listed companies must submit a Corporate Governance Report once a year. The listed companies must comply with the "Comply or Explain" principle.

The new version of the Articles of Association and the Corporate Governance Report are available on BIG's homepage at www.big.ee.

Additional information:

Targo Raus
CEO
Phone: + 372 735 0923
E-mail: targo.raus@big.ee