JSC  "Grindeks  AGM  of  shareholders will be held on April 16, 2003 at

15:00  at  "Grindeks"  conference  hall located at 53 Krustpils Street,

Riga, with the following agenda:

1.  Approval  of Annual Report for 2002 and discharge of the Management

Board from liability.

2. Approval of the budget and operational plan for 2003.

3. Elections of certified auditor for 2003.

4. Changes in Supervisory Board and Management Board.

5. Other business.

Shareholder  registration  will be held on the meeting day on April 16,

2003  between  14:00  and  15:00  at  the  venue  of  the meeting, upon

presenting a personal ID. Shareholders may participate in person or may

issue  a  proxy  to  a  representative.  Shareholders have to present a

document  issued  by the custodian verifying the blocking the shares on

their account. The deadline for blocking the shares is April 4, 2003.

The  documents  and  draft  resolutions of the AGM are available to the

shareholders for inspection starting with April 10, 2003, at "Grindeks"

office  at  53  Krustpils Street, Riga, from 10:00 to 15:00 on business

days. Contact phone: 7104205, 7 104252.