JSC  "Rigas  transporta  flote"  shareholders  general  meeting  on May

15,1999

resolutions:

1)  About  distribution of 1998 profit: LVL 365 438 for dividends ( LVL

0,02  per  share),  reserves  LVL  389  438.  Date  for  calculation of

dividends May 31,1999 and date of payment June 4,1999.

2) Decrease public share isssue by 11 900.

3)  Supervisory  Board was elected as follows: Joahims von Reihe, Elias

Galanopolus, Volfganfs Zilke.

4) Management Board was elected as follows: Peter George, Oleg Kolosov,

George  Baranov,  Giannis  Giannakakis, Eleftheria Kallini and Wolfgang

Redlin - candidate to member of Management Board.