RSE  Management  Board  on  its  meeting of August 27, 2004 resolved to

suspend  the  trading  with  JSC  "Liepājas  metalurgs" shares. Sergejs

Zaharjins,  Chairman  of  Company Supervisory Board, on August 26, 2004

released  information  to mass media about the planned modernisation of

"Liepājas  metalurgs"  and  investments  associated  with  it, however,

failing to disclose the same information to the RSE, thus breaching the

disclosure  rules.  Share trading is suspended starting from August 27,

2004  and  will  remain  effective  till  the said information has been

provided to the RSE.



For more information, please contact:

Krista Grintale

Corporate Communications Director

Riga Stock Exchange

Phone: +371 7212431