JSC   "Grindeks"  shareholders  general  meeting  on  the  May  15,1999

resolutions:

1)  Confirmed  1999  budget:  Forecasted net turnover LVL 10.8 million,

forecasted profit LVL 264 000.

2)  Supervisory  Board  elected  as  follows: Valdis Jekabsons, Andress

Tome, Arnis Nicgalis, Henno Rubels, Bertils Larsons.

3)  Management  Board  elected  as follows: Vitalijs Skrivelis, Peteris

Martins Stupans, Uldis Dance.