According  to  "S.P.I.  Distilleries  B.V."  letter  of March 13, 2003,

"S.P.I.  Distilleries  B.V."  is  the owner of 50.04% voting shares and

50.01%  JSC  "Latvijas  balzams"  share  capital, or, of 1700000 closed

issue shares and 2049200 public shares.