Board  of  directors of Joint Stock Company "SAF Tehnika" announces the

annual  shareholder  meeting  shall  take place on the 29th of October,

2004  from  11:00 a.m. at Elizabetes iela 55, Riga (Reval Hotel Latvija

conference room Delta).   



Agenda:

1) The report of the board of directors;

2) The report of the council;

3) The annual report;

4) The election of the council;

5) The election of the auditor;

6) Use of profit from the previous year of activity;

7) Other.



Registration  of  shareholders  for the meeting shall take place on the

day  of the meeting - the 29th of October, 2004 - from 10.00 a.m. until

11.00 a.m. at the place of the meeting.

Shareholders can participate personally or delegate a representative.

Shareholders  who have blocked their shares have to present passport or

other verifying document to register.

Representatives of shareholders have to show legally binding warrant of

shareholder and passport or other verifying document to register.

Every  shareholder,  who  wants  to  participate in the meeting, has to

block his shares by 15 October.

Draft resolutions of the meeting shall be available from the 14 October

at  the  Administration  of  SAF Tehnika, Riga, Ganibu dambis 24a every

businesday  from  9.00  a.m.  until  5.00  p.m.,  but on the day of the

meeting - at Reval Hotel Latvia, the place of registration.

Board of Directors