1. Target company

Public  joint  stock  company "Būvmehanizācija", registered on July 19,

1991 at the Enterprise Register of the Republic of Latvia, registration

No 000301254, legal address Katlakalna iela 9, Riga, LV-1073, phone 371

7248886,  fax  371 7248812, e-mail: buvmehanizacija@rss.lv (hereinafter

"target company") 



2.Offerer

Assignee   of   investors   of   the   Public   joint   stock   company

"Būvmehanizācija",  Eduards Maļejevs, Identification Code 270338-12700,

address:  Dzirnavu  iela 48, Apt. 13, Riga, LV-1010, phone 371 7418245,

fax 371 7459201 e-mail: vefrrr@ (hereinafter "offerer").



3.Type of offer

Mandatory  buyout  offer  is  announced  pursuant  to the provisions of

Article  65  part  1  of  the  law  "On  Securities",  according to the

resolution  of  JSC  "Būvmehanizācija" extraordinary general meeting of

shareholders  of  November  20,  2003  regarding  termination of public

circulation of the target company securities.



4.Securities code

LV0000100667



5. Buyout price

5.1 Target company share buyout price is LVL 1.04.

5.2  The total amount of shares in the public circulation are 2718, the

total buyout value amounting to LVL 2826.72.



6. Payment and settlement procedure and terms

6.1 The Offerer shall instruct JSC "Parekss banka" that all orders from

shareholders  responding  to the share buyout offer will be accepted by

any  Bank  branch  or  settlement  group by 17:00 of the offer deadline

specified  in Item 7. The settlement will be within five days after the

offer deadline following delivery versus payment principle.

6.2  Closed  issue  shares,  according  to entries in "Būvmehanizācija"

shareholder  register,  are  held  by  Jurijs  Maļejevs (30005 shares),

Eduards  Maļejevs (31230 shares) and SIA "Baltlains"(36399 shares); 285

shares are reserved for company management. Since all holders of closed

issue shares have voted on termination of public circulation of shares,

and  have  authorised  Eduards  Maļejevs  to  express the buyout offer,

closed issue shares are not the target of the offer and the offer rules

are not applicable.

6.3  The potential sellers of the target company shares may inspect the

offer  text  on  the Riga Stock Exchange website <a href='http://www.rfb.lv,' target='_blank'>http://www.rfb.lv,</a> and at JSC

"VEF  Radiotehnika  RR" Kurzemes propekts 3, 4th floor, R 410, Riga, on

business days from 10:00-17:00, contact person Eduards Maļejemvs; or at

"Parekss  banka" any branch office or settlement group on business days

from 10:00-17:00.



7. Validity of the offer

The  offer  is  valid  for  four  weeks  starting on the next day after

publication of the offer in the official newspaper "Latvijas Vēstnesis"

(identical  notification  will  appear  in  the newspaper "Diena"). The

offer pen and close dates will be specified in the newspaper.



8. Accepting procedure for the target company shareholders

The  shareholders  willing  to respond to the buyout offer on the given

term  may  submit their orders via the bank or brokerage company, where

the  shareholder  has  the  share  account  opened.  The orders will be

forwarded to any JSC "Parekss banka" branch or settlement group.



9.  The intentions of the offerer with regard to takeover of the target

company, its business in future, management and employees

The Offerer is acting in order to comply with the provisions of the law

"On  Securities". The Target company will continue to operate according

to  its  Charter,  and  no  changes are expected in the management. The

employees  of  the  target  company will retain their jobs according to

their employment agreements.



10. Other information

10.1.  The  Offerer shall, within two business days after the expiry of

the  offer  deadline,  submit  to  the  Financial  and  Capital  Market

Commission and the Target company a report on the results of the offer,

specifying the following information:

- target company and Offerer's requisites;

- number of shares put out for sale;

-  number  of  shares  held  by the Offerer after the completion of the

offer.

10.2.  The Offerer shall, within five business days after expiry of the

offer  deadline,  publish announcment of the results of buyout offer in

the  official  newspaper "Latvijas Vēstnesis" and the newspaper "Diena"

including the following information:

- The requisites of the Target Company and Offerer;

- Number of shares held by the Offerer after completion of the offer.