After  review  of  submitted documents on July 1 and July 11, 2003, on

joint  stock  company  "Rota"  mandatory  buy-back  offer, pursuant the

provisions  of Article 65 of the law "On Securities" and Item 1.3.1. of

the FCMC resolution #17/5 of November 2, 2001 "Regulations on buyout of

shares", Financial and Capital Market Commission (FCMC) decides:

1.     To  allow  the shareholder of the joint stock company "Rota" Mr.

Rafails  Deifts  (111062-10414)  to announce joint stock company "Rota"

mandatory buy-back offer, at the price of LVL 1.53 per share.

2.    To inform Mr. Rafails Deifts on the decision made.

3.     To inform Riga Stock Exchange on the decision and to send a copy

of  the  document  of the joint stock company "Rota" mandatory buy-back

offer.

Financial and Capital Market Commission

Deputy Chairman

J.Brazovskis