The Riga Stock Exchange Management Board resolved on its meeting of May

25, 2004 to list JSC "SAF Tehnika" 990,060 bearer shares (nominal value

LVL 1) on the RSE Official List starting with May 26, 2004.



Riga  Stock Exchange Management Board, reviewing  SAF Tehnika report of

May  24,  2004  regarding  compliance  with listing criteria, confirmed

that   SAF  Tehnika complies with each and all the listing requirements

as stipulated by the RSE Management Board resolution of May 7, 2004 for

listing SAF Tehnika on the RSE Official list, namely:



1)  capitalisation  of SAF Tehnika is at least 4,000,000 EUR equivalent

in lats at the Bank of Latvia rate on the

    date (24.05.2004) when the market organiser resolves on listing the

shares on the Official list;

2) at least 25% of shares of the same category that SAF Tehnika intends

to list on the RSE are on free float;

3) at least 10% of the issuer's voting shares are on free float.



The  Riga  Stock  Exchange  Management  Board  resolved  to include SAF

Tehnika  in the Riga Stock Exchange price index RICI and capitalisation

index Dow Jones RSE composition starting with May 27, 2004.



Thus,  starting  with  May  27,  the  same  12 Official and Second list

companies  will  build  both  the  indexes  -  Latvijas  Gāze, Latvijas

Kuģniecība,  SAF  Tehnika,  Ventspils  Nafta, Daugavpils PKR, Grindeks,

Latvijas  Balzams,  Liepājas  ML, Olainfarm, Rīgas Kuģu būvētava, Rīgas

Transporta flote un Valmieras stikla šķiedra. 



For more information, please contact: 

Krista Grīntāle

Director of Corporate Communications Department

Riga Stock Exchange

Phone 371 7212431, 371 9238183