JSC  "Grindeks"  Management  Board  is  calling  JSC "Grindeks" annual

shareholders  general  meeting  at  10  AM  on  June  18,  2002  in JSC

"Grindeks" Conference Hall, Rīga, Krustpils iela 53.

On the Agenda:

1.  Confirmation  of  JSC  "Grindeks"  2001 Annual report and certified

auditor   report;   Release   of    Management   Board   members   from

responsibility for 2001;

2.  Confirmation  of consolidated JSC "Grindeks" 2001 Annual report and

certified auditor report;

3. Confirmation of budget and plan of operations for 2002;

4.  Confirmation  of  Supervisory and Management Board remuneration for

2002;

5. Elections of certified auditor;

6.  Supervisory and Management Board report on operations and budget in

2001;

7. Miscellaneous.