JSC  "Rīgas  Transporta flote" AGM of shareholders will be held on May

23,  2003  at  10:00,  at  the  premises  of  Reval  Hotel  Latvija, 55

Elizabetes Street, Riga. Agenda:

1. Review and approval of Annual Report for 2002;

2.  Discharge  of  Management  Board  members  from  liability for 2002

operations;

3. Review and approval of 2003 operational plan and budget;

4. Elections of a certified auditor.

Shareholder registration will take place at the venue of the meeting on

May 23 from 9:00 till 10:00.

Draft  resolutions  are  available  to  shareholders  for inspection at

"Rīgas  Transporta flote" office secretary at 52 Baltāsbaznīcas Street,

Riga, starting with May 9 2003 and ending with May 22, 2003, from 13:00

till 16:00 on business days.

For  participation  at  the  meeting,  shares have to be blocked on the

accounts by May 12, 2003.