JSC  "Rīgas  Transporta  Flote"  -  convening  of extraordinary general

meeting of shareholders

1.  JSC "Rīgas Transporta Flote" Management Board notifies on convening

of  extraordinary  general  meeting  at  Reval  Hotel  Latvija Rīga, 55

Elizabetes Street, Riga, on December 18, 2001 at 10:00. Agenda:

1) Increase of the Company share capital.

2) Amendments to the Charter.

Registration of shareholders will take place on December 18, 2001, from

9:00

till  10:00  at  Reval  Hotel Latvija Rīga, 55 Elizabetes Street. Draft

resolutions  are  available for inspection at 52 Baltāsbaznīcas Street,

at  JSC  "Rīgas  Transporta  Flote"  office  secretary, from 15:00 till

17:00,  starting  from  December  4,  2001 and ending with December 17,

2001.

Shareholders  may,  within  seven  day  period  from publication of the

notification,  to  submit  their  proposals  in writing, concerning the

Agenda of the meeting, to the Company Management Board, addressing them

to 52 Baltāsbaznīcas Street, Riga.

December  6,  2001 is the deadline for blocking shares on the accounts,

to qualify for participation at the meeting.

2.  JSC "Rīgas Transporta Flote" administration notes that the increase

of  share  capital on the account of investment in kind made by Lavinia

Corporation, the control interest holder, is pursuant to the provisions

of the Company privatisation rules.