JSC  "Rīgas  Transporta  flote"  Management  Board convenes the annual

general  meeting  of  shareholders  on  May  11, 2002, at 10:00, at the

premises of Regal Hotel Latvia, 55 Elizabetes Street, Riga. Agenda:

1.  Review  and  approval of the Annual Report of 2001. Approval of the

dependence report.

2.  Discharge  of  the Management Board members from responsibility for

2001 operations;

3. Distribution of the 2001 profits;

4. Elections of the Supervisory Board;

5. Elections of the Management Board;

6. Review and approval of the 2002 business plan and budget;

7. Elections of certified auditor;

8. Amendments to the Charter.

Shareholder registration will take place on May 11, 2002 from 9:00 till

10:00,  at  Reval  Hotel  Latvia  55  Elizabetes  Street,  Riga.  Draft

resolutions  are available to shareholders for inspection at JSC "Rīgas

Transporta flote" receptionist, 55 Baltāsbaznīcas Street, Riga, between

April 26 and May 9, on office days from 15:00 till 17:00.

Shareholders  may submit in writing their proposals about the agenda to

the  Management  Board  within  seven  days  after  the notification on

meeting has been published.

April 29, 2002 is the deadline for blocking the shares on accounts.