JSC "Staburadze" shareholders general meeting will take place at 2PM on

the  April  29,1999  in  Elizabetes  str.2a,  Riga  (World Trade Center

"Riga").

On the agenda:

1)Management Board report about operations in the 1998.

2)  Certified  auditors  report  about  JSC "Staburadze" 1998 Financial

statement and consolidated 1998 financial statement.

3) Conformation of 1998 Financial statement.

4) Conformation of 1998 consolidated Financial statement.

5)  Release of Management Board members from the responsibility for the

1998.

6) Distribution of 1998 profit.

7) Re-election of Management Board members.

8) Changes in the Supervisory Board.

9) Conformation of 1999 budget and plan of operations.

10) Election of certified auditor for the 1999.

11) Miscellaneous.

Last day to block shares April 16,1999.