JSC  "Rigas  Fondu  birza"  Management  Board  on  the  January 27,2000

decided:

1.  In  compliance  with  Enforcement Note on Securities Lists part IV,

point  49  to  delist  JSC  "Madonas  AB"  from Free list of Riga Stock

Exchange starting January

31, 2000. Securities code LV 0000100519.