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This communication is not an offer for sale of, or a solicitation of an offer to purchase, securities (which term, wherever used herein, includes domestic Notes (as defined below)) in the United States or any other jurisdiction. This communication is not for publication, release or distribution, directly or indirectly, into the United States, Australia, Canada, Japan or any other jurisdiction where to do so would be unlawful. Nothing on this website (or any website to which this website has hypertext links) constitutes or forms part of, and should not be construed as, an invitation or offer to invest or deal in the securities of the Republic of Latvia, or the solicitation of an offer to subscribe for or purchase securities of Latvia, and nothing contained herein shall form the basis of or be relied on in connection with any contract or commitment whatsoever.  The Republic of Latvia has not registered, and does not intend to register, any portion of the securities in any country or jurisdiction and does not intend to conduct a public offering of securities in any of the country or jurisdiction where action for that purpose is required.  In particular, the securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or with any securities regulatory authority of any state or other jurisdiction of the United States and may not be offered, sold or delivered within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable state securities laws and may only be sold outside of the United States in reliance on Regulation S under the Securities Act and otherwise in compliance with all applicable laws and regulations in each country or jurisdiction in which any such offer, sale or delivery of securities is made.

The Republic of Latvia may from time to time offer and issue securities to primary dealers and other Nasdaq Riga members in Latvia only (such securities, the “domestic Notes”), which domestic Notes may be consolidated to form a single series with an existing series of securities previously issued under the Republic of Latvia’s Global Medium Term Note Programme. The domestic Notes will be offered and sold by the Issuer to primary dealers and other Nasdaq Riga members in Latvia only and will not be offered or sold by or on behalf of the Republic of Latvia in any other jurisdiction.

While the Republic of Latvia has taken reasonable care to ensure that the information on this website (other than information accessed by hypertext link) is accurate at the time of last revision of the website, neither the Republic of Latvia nor its Government accepts any liability for any loss howsoever arising, directly or indirectly, from this communication. No representation or warranty, express or implied, is made as to the accuracy, completeness for the accuracy or completeness of this communication. There is no obligation to update, modify or amend this communication or to otherwise notify any recipient if any information, opinion, projection, forecast or estimate set forth herein changes or subsequently becomes inaccurate or in light of any new information or future events.  The Republic of Latvia expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained on this website to reflect any change in its expectations with regard thereto or any new information or change in events, conditions or circumstances on which any of such statements are based. No information on this website should be construed as the giving of advice or the making of a recommendation and should not be relied on as the basis for any decision or action. In particular, actual results and developments of the Republic of Latvia may be materially different from any forecast, opinion or expectation expressed on this website.

Certain information on this website is of a historical nature and may now be out of date. All historical information should be understood as being from the date of its first publication.

This website contains certain hypertext links to other websites. The Republic of Latvia has not reviewed, is not responsible for, and accepts no liability in respect of, any information or opinion contained on any such other website.

This communication may not be viewed by persons within the United States (within the meaning of Regulation S under the Securities Act).This communication does not constitute an offer of securities to the public in the United Kingdom. Consequently, this communication is directed only at (i) persons who are outside the United Kingdom, (ii) persons in the United Kingdom who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) and (iii) those persons in the United Kingdom to whom it may otherwise lawfully be communicated (all such persons together being referred to as “relevant persons”). Any investment activity to which this communication relates will only be available to, and will only be engaged with, relevant persons. In the United Kingdom, this communication is directed only at relevant persons and persons who are not relevant persons should not in any way act or rely on this communication. Any person who is not a relevant person should not act or rely on this document or any of its contents. Any investment activity to which this communication relates will only be available to and will only be engaged with relevant persons.

By proceeding to view the materials to which this gatepast gives access, you warrant that you are not located in the United States and you agree that you will not transmit or otherwise send any information contained in this website to any person in the United States or to publications with a general circulation in the United States.