JSC  "Gutta"  extraordinary and regular meeting of shareholders did not

take  place  on September 11, 2001 due to lack of quorum. Consequently,

on the basis of Item

4, Article 56 in the Law on Joint Stock Companies:

1)  a repeated JSC "Gutta" regular general meeting of shareholders will

be  convened  on  October  11,  2001,  at  10:00. The venue will be the

company office at

240 Maskavas Street, Riga. The agenda remains the previous:

1. Approval of Annual Report for 2000;

2. Discharge of Management Board from responsibilities;

3. Appointment of certified auditor;

4.  Other  business  Shareholders  shall have their share accounts with

their custodians blocked by October 1, 2001.

JSC  "Gutta"  extraordinary  general  meeting  of  shareholders will be

convened  on  October 11, 2001, at 12:00, the venue will be the company

office at 240 Maskavas Street, Riga. The agenda remains the previous:

1. Re-election of Management Board and Supervisory Board;

2.  Revoking  of the public company status and transformation of public

share issues into closed issues;

3. Approval of the new edition of the company Charter;

4. Appointment of the authorised person;

5.  Other  business  Shareholders  shall have their share accounts with

their custodians blocked by October 1, 2001.