JSC   "Rigas   Juvelierizstradajumu   rupnica"   has  passed  following

resolutions in their extraordinary shareholders Meeting.

To ask Management Board to make calculations about decreasing number of

workers and to file report to Agency of Privatization.

Members  of  Management  Board  (V.Zakis,  A.  Strulevics,  V Cadovics,

J.Salenieks) are canceled from their previous positions.

To  decrease  numbers  of Managing Board members from 5 to 3 and accept

changes in Charter.

Chairmen of Managers Board becomes U. Berzins.

To elect R. Kornilovs as Member of the Board.

To  sign  off  debt  of  debtors  (253  904,07 LVL) Increase JCC equity

capital,  replacing  main  tax  debt  of  242 980 LVL with non-tradable

closed issue 242 980 stocks.

Accept  that majority interest buyer will have to invest during 3 years

210 000

LVL.