Today,  on  May 6, the buyout of JSC "Latvijas Balzams" shares offered

by "S.P.I.Distilleries B.V." closed. "S.P.I.Distilleries B.V." bought 2

442  310  shares.  The  buyout  offer was open from April 7 till May 5,

2003,  and the price was LVL 1.56 per share. The buyout was executed on

the Riga Stock Exchange trading system.

Presently  1  305  390  shares, or, 17.41% of "Latvijas Balzams" shares

remain on free float.

JSC  "Latvijas  Balzams"  is  listed  on the Riga Stock Exchange Second

list.