JSC  "Mangalu  kugu  remonta rupnica" shareholders general meeting will

take  place  at  10AM  on  the April 24,1999 in Zivju 1,Riga Conference

Hall.

On the agenda:

1) Management Board report about operation in the 1998.

2) Supervisory Board report about operations in 1998.

3) Certified auditors report.

4) Conformation of 1998 Financial statement.

5) Distribution of net profit.

6) Release of management Board members from responsibility for 1998.

7) Elections of Management Board.

8) Plan of operations and budget for 1999.

9)  Conformation  of  Management Board 02.10.98. closed share issue and

putting closed share issue into circulation.

10) Amendments to the companies charter.

11) Election of Supervisory Board.

12) Election of certified auditor.

13)  Election  of  person  who  is  authorised  to  submit and register

resolutions  of  shareholders  general  meeting  in  the LR Register of

Enterprise.

14) Miscellaneous.