Amendments passed on the Riga Stock Exchange Supervisory Board Meeting

                                                    on October 16, 2003



      Amendments approved by Financial and Capital Market Commission on

                                November 14, 2003 by Resolution No. 257



      Amendments to the Enforcement Note on Trading and Quotation



1. To have the following wording for Item 24:

    24. Admissible price spread shall be 15 % from the average weighted

price of a security at the previous

    trading  session. For Free list companies the spread limit shall be

lift from January 1 till March 31, 2004. The

    RSE  Management  Board  may  prolong  this  term,  or revert to the

original rule.



2. To have the following wording for Item 32:

   32. Only orders at a specified price may be submitted for continuous

trading, taking into account the price

     spread limit, which is set at 15% of the average weighted price of

a security during the previous trading

     session.  On specific occasions, in order to protect the interests

of market participants, the RSE Management

     Board  may  specify  another  price  spread  limit for one trading

session, or altogether remove it. For Free list

     companies the spread limit shall be lift from January 1 till March

31, 2004. The RSE Management Board may

   prolong this term, or revert to the original rule.