Financial  and  Capital Market Commission (FCMC) Supervisory Board has

reviewed  the  request of S.P.I. Distilleries B.V. (the Netherlands) to

allow  the  mandatory  buyout  term  for "Latvijas Balzams" shares from

07.04.2003 till 06.05.2003 (inclusive).

Considering  that  the discrepancies between the initially offered term

and the announced term do not result in the breach of the provisions of

"Regulations  on  buyout  of shares" approved by FCMC Supervisory Board

resolution #17/5 on 02.11.2001, nor do they result in actual changes in

the  bid  accepting  procedure,  thus,  there  is  no  violation of the

minority  shareholders'  interests, FCMC does not object to specify the

buyout   term  for  "Latvijas  balzams"  shares  from  07.04.2003  till

06.05.2003 (inclusive).