Financial  and  Capital Market Commission (FCMC), pursuant to Item 1.10

of  FCMC "Regulations on buyout of shares", hereby advises that a share

buyout   offer   was   received   on   18.12.2003  from  JSC  "Kalceks"

shareholders'  assignee  K.Lipmans  offering  to  buy out JSC "Kalceks"

shares  at  LVL  1.00 per share.  Shareholders may respond to the offer

within   30  days  starting  from  the  next  business  day  after  the

advertisement  on  the share buyout has been published in the newspaper

"Latvijas Vēstnesis".



Share  buyout  comes into effect only after it has been approved by the

Financial and Capital Market Commission.