On  December1,1999  JSC "Gutta" Supervisory Board confirmed resignation

of  president  and  Chairman  of  Management  Board  N.Lovcovs starting

December 1,1999.

As acting Chairman of Management Board Patrik Mossberg was appointed.

Appropriate  changes  to the Management Board will be made. Supervisory

Board  entrusted  Management  Board  to  call  extraordinary meeting of

shareholders.