JSC  "Rīgas  ostas  elevators"  AGM  of shareholders will take place on

April  2,  2004,  at  14:00,  at  14 Andrejostas Street, Riga, with the

following agenda:

 1. Management Board report

 2. Supervisory Board report

 3. Approval of Annual Report for 2003

 4. Distribution of 2003 profit

 5. Approval of budget and operational plan for 2004

 6. Conversion of Management Board reserve shares

 7. Decision  to  register  "Rīgas  ostas  elevators" at the Commercial

    Register

 8. Approval of the new Charter

 9. Supervisory Board elections

10. Approval of chartered auditor

11. Other business



Shareholder registration will take place at the venue of the meeting on

April 2, 2004 from 12:00 till 14:00.

Draft  resolutions  are available for inspection on business days at 14

Andrejostas  Street,  Riga  (phone  7320079)  from  10:00  till  12:00,

starting with March 24.

For  participation  at the AGM, shares shall be blocked on the accounts

by March 23, 2004.