Insurance   JSC  "Balta"  informs,  that  on  April  18,  2001  at  3PM

shareholders  general  meeting  will  take place in hotel "Radisson SAS

Daugava Hotel Riga" "Lielupe" hall in Riga, Kugu 24.

On the agenda:

1.  JSC  "Balta"  Management  Board report about operational results in

2000 and confirmation of financial statement for 2000;

2. Certified auditors report about Annual report;

3. Distribution of profit for 2000;

4. Confirmation of certified auditor;

5. Confirmation of budget and plan of operations for 2001;

6. Authorisations;

7. Miscellaneous.

Registration of shareholders will take place on April 18, 2001 from 2PM

to 3PM at the venue of the meeting.

JSC "Balta " shareholders can get acquainted with drafts of resolutions

in  Riga,  Raunas  10/12, 3rd floor, starting from April 11 to 17, 2001

from 10AM to 12 PM.

Shareholders   have   to   block  their  shares  for  participation  in

shareholders general meeting by April 4, 2001 (included).