Riga  Stock  Exchange  Management  Board on its meeting of February 27,

2004 resolved to reprimand "Kaija" for the delay in disclosing material

information.

JSC  "Kaija"  was  supposed  to disclose certain information, including

restructuring  plan  and  related  documents, and the current financial

situation,  to  the  RSE  by February 26. So far, Company has failed to

provide the necessary information.

RSE  has  requested Financial and Capital Market Commission to exercise

its  rights  as  a  regulator  in order to receive the information from

"Kaija".

JSC  "Kaija" shares were transferred to Surveillance list starting with

February 16, since trading with the financial instruments of the issuer

no longer met the market safety and investor protection standards.



Krista Grīntāle

Director of Corporate Communications

Riga Stock Exchange

Phone 7212431