An  extraordinary  shareholderš general meeting of Rīgas apdrošināšanas

sabiedrība,  an  90.39%  Balta owned insurance company, on December 20,

1999

resolved  on  takeover  of  insurance  company  Saules laiks (98% Balta

owned).  The  takeover  will  be  based  on  Saules  laiks 1999 audited

financial accounts.