JSC  "VEF  Radiotehnika  RRR" AGM of shareholders will convene on April

29,  2004,  at  16:00,  at  the  address  3  Kurzemes  prospekts, Riga.

Registration open from 15:00. Agenda:



1. Management Board report on 2003 performance;



2. Supervisory Board report;



3. Certified auditor's report;



4. Approval of the Annual Report for 2003;



5. Distribution of 2003 profit;



6.  Discharge  of  Management  Board  members  from  liability for 2003

operations;



7. Approval of the 2004 budget;



8. Elections of a certified auditor;



9. Compensation to the Management Board and Supervisory Baord members;



10. Other business.



Draft  resolutions  are  made  available  to shareholders starting with

April 23, 2004, 3 Kurzemes Prospekts, Riga, from 9:00 till 13:00. April

22  is  the deadline for blocking shares on the accounts. Contact phone

748245.