JSC "Rīgas Raugs" Extraordinary general meeting of shareholders will be

held  on August 23, 2004, at 13:00 (registration opens at 12:00) at the

address 27 Pulkveža Brieža Street, Riga, JSC company premises.



Agenda:

 1. The  initiative  of minority shareholder "Shelby Financial LLC" and

    Normunds  Sinkēvičs  to  close  down  the company operations and to

    initiate the dissolution process.

 2. Other business.



Draft resolutions will be made available to shareholders for inspection

starting  with  August 11, 2004, on business days from 8:30 till 12:00,

with  the  company  office  manager,  27  Pulkveža Brieža Street, Riga.

August  11 is the deadline for blocking shares on the accounts. Contact

phone 7336066.