JSC  "Liepajas  metalurgs" shareholders general meeting will take place

at  11AM  on June 16, 2001 in Hall of Liepajas sporta un kulturas pils,

Liepaja, Jelgavas 58.

Registration will begin a 10AM.

Agenda:

1. To confirm Management Board report on operational results in 2000;

2. Confirmation of 2000 Annual report;

3.  Discharge  of  members  of Management Board from responsibility for

2000;

4. Distribution of profit;

5. Confirmation of 2001 budget;

6. Miscellaneous.