RSE  Management Board resolved on its meeting of May 10, 2004 to delist

JSC "Kaija" shares from the RSE Second list starting with May 11, 2004.

The decision has been passed following the provisions of Item 11.1.2 of

Financial  Instrument  Listing Rules, stipulating that an issuer may be

delisted  in  case  it has become insolvent. The trading of "Kaija" has

already been suspended since March 16, 2004.



Krista Grīntāle

Director of Corporate Communications Department

Riga Stock Exchange

Phone 7212431