Riga Stock Exchange                                                   02.12.2004



An “OT Grupa” shareholder (A.Babenko)  reports acquiring a significant holding



A natural person Aleksandrs Babenko reports that on November 23, 2004 he acquired 

2,265,464 “OT Grupa” shares, including 1,982,000 non-public shares and 373,646 

public shares.