Starting with March 29, 2004, trading of fund units will be launched on

the  RSE.  The first funds to be traded are the already listed open-end

funds  "Baltic  Index  fonds"  and  "Valsts  obligāciju fonds".The fund

trading  will  be  real-time.  The  system  allows  the trading both of

open-end  and  closed-end funds. The funds may be LVL as well as USD or

EUR  denominated: starting with March 22, 2004, the Riga Stock Exchange

and  the  Latvian  Central Depository systems support automatic trading

and settlement also in USD and EUR.

Daiga   Auziņa-Melalksne,   Director   of   Development   and  Services

Department,   RSE:  "Since  funds  are  a  popular  investment  vehicle

worldwide,  we  have introduced the service with the purpose to promote

the development of investment funds in Latvia. Making funds tradable on

the RSE increases the fund liquidity: now the investors are able to buy

and  sell fund units in a similar manner as shares and debt securities.

This also facilitates settlement for investors."

Hereafter there will be two types of funds on the RSE: listed funds and

traded funds.



Krista Grīntāle

Director of Corporate Communications Department

Riga Stock Exchange

Phone: 7212431