Board  of  Public  Joint  Stock  Company  Grindeks  announces  that the

ordinary  general meeting of PJSC Grindeks shareholders will take place

on  18  June  2004  at  10:00  at  the  conference  hall of Grindeks at

Krustpils iela 53, Riga. Agenda of the meeting:



1.     Approval  of  the 2003 Financial Statements of PJSC Grindeks and

the release of the board from its responsibilities.

2.     Regarding  allocation  of  profits from business activity in the

year 2003.

3.    Approval of the budget and activity plan of PJSC Grindeks for the

year 2004.

4.    Election of the sworn auditor of PJSC Grindeks for the year 2004.

5.    Miscellaneous.

Registration of shareholders will be held on 18 June 2004 from 09:00 to

10:00  at  the venue of the general meeting. Passport or other personal

ID should be presented at the registration.



Shareholders  may  personally  take  part  at the general meeting or an

authorised  person  upon  submitting  a  letter  of  authorisation  may

represent a shareholder.



Shareholders,  who  have  deregistered  their  shares  must  present  a

document,  which  confirms blocking of the shares; this document should

be  issued  by a bank keeping the respective shares. These shareholders

should apply for blocking of shares to their bank not later than 9 June

2004.



Materials and draft decisions prepared for the ordinary general meeting

of PJSC Grindeks will be available for reviewing on 14 June 2004 at the

reception  office of Grindeks at Krustpils iela 53, Riga every day from

10:00 - 15:00. Details for further information: 7083252, 7083205.



Information prepared by:

Jana Semerikova

Head of the Public Relations Section of the PJSC Grindeks

Tel.: 7083448; 9277837;

email: jana_semerikova@grindeks.lv