JSC  "Strenču MRS" AGM of shareholders will be held on May 20, 2004, at

16:00, at the address 6 Pils Street, Sigulda. Agenda:

 1. Management Board and Supervisory Board reports on 2003 performance;

 2. Report by audit firm Ernst&Young;

 3. Report on 2003 profit distribution;

 4. Discharge  of  Management  Board  members  from  liability for 2003

    operations;

 5. Revoking  of  Management  Board  and Supervisory Board members from

    their positions;

 6. Registration of the Company at the Commercial Register;

 7. Approval of the new version of the Charter;

 8. Elections of Supervisory Board members;

 9. Compensation to the Supervisory Board members;

10. Approval of the 2004 budget and operational plan;

11. Conversion of Management Board shares;

12. Approval of the audit company;

13. Litigation with "Latvijas meži";

14. Mandated to register the AGM resolutions with the Company Register;

15. Other business.



Registration  will  be open on the meeting day from 15:00 till 15:30 on

the venue of the meeting.



Shareholders  may  participate  in person on be represented by proxies.

Upon  registration,  the  shareholders  who  have shares transferred to

their  accounts,  shall  present a personal ID and a certification from

the custodian regarding blocking of shares on the account. The deadline

for  blocking  shares  on the account is end of business day of May 12,

2004.



Draft resolutions will be made available to shareholders for inspection

starting  with  May 17 on business days from 9:00 till 15:00, 16 Valkas

Street, Strenči, at the accounting department.