Financial  and Capital Market Commission, pursuant to the provisions of

its "Regulations on buyout of shares", Item 1.10, advises that an offer

has been received on 29.05.2003 from JSC "Ventspils tirdzniecības osta"

(registered  21.12.1994  at  the  Company  Register  of the Republic of

Latvia,  reg.  #  000323662)  to  buy  out the shares of JSC "Ventspils

zivju   konservu  kombināts"  at  a  price  LVL  0.09  per  share.  The

shareholders of the target company may decide whether to respond to the

offer  within  4 weeks' time starting from the day following the buyout

offer publication in the newspaper "Latvijas Vēstnesis".

Buyout  offer  shall  become valid only after its approval by Financial

and Capital Market Commission.