JSC  "Staburadze"  on  December  20,  2000  signed  agreement  with JSC

"Rietumu  banka"  and "Islandsbanki FBA hf" regarding loan of USD 8 400

000. Purpose of the loan is payment for SIA "NTBDC L" capital parts and

acquiring  of additional JSC "Laima" shares so that total amount of JSC

"Laima"  shares  owned including owned by SIA "NTBDC" would not be less

than  75%  of  JSC "Laima" share capital. It is planned that additional

acquiring  of  JSC  "Laima  " shares will take place in nearest future.

Total amount of the loan exceeds JSC "Staburadze" paid up share capital

by 150 %.

To provide guarantee for the loan JSC "Staburadze" has at the same time

signed   a   collateral   agreement   with   JSC  "Rietumu  banka"  and

"Islandsbanki   FBA  hf"  to  pledge  as  collateral  property  of  JSC

"Staburadze".   This   pledge  accounts  for  more  than  150%  of  JSC

"Staburadze paid up share capital.

It  is  planned that after JSC "Staburadze" becomes a sole owner of JSC

"Laima" -

shares  owned by SIA "NTBDC L" will be pledged as additional collateral

for the loan.