RSE  Management  Board,  on  its  meeting  of  May 17, 2004, decided to

caution JSC "Sporta pils" for failure to disclose material information.



Pursuant  to the provisions of Financial Instrument Market Law (Article

54.7),  in  case a general meeting of shareholders intends to amend its

Charter, a listed company has to provide the draft charter to the stock

exchange  at  least 14 days prior to the meeting. Also, pursuant to the

RSE  Financial  Instrument  Listing Rules and disclosure rules, "Sporta

pils" has to provide the rest of draft resolutions on May 21 AGM agenda

items.



Despite  repeated reminders and requests, up to now, Company has failed

to  provide  the  said information to the RSE, thus jeopardising market

safety, and breaching Financial Instrument Market Law and RSE Rules.



 More information:

Krista Grīntāle

Director of Corporate Communications Department

Riga Stock Exchange

Phone: 7212431