JSC  "Latvijas  balzams"  AGM  of shareholders will be held on April 4,

2003,  at  11:00,  at  the  address 160 A.Čaka Street, Riga, conference

hall.

Agenda:

1. Management Board report on 2002 operations

2. Supervisory Board report.

3. Certified auditor's report.

4. Approval of Company Annual Report for 2002

5. Approval of the budget for 2003

6. Management Board and Supervisory Board elections

7. Setting the remuneration amount for Management Board and Supervisory

Board.

8. Elections of certified auditor.

9. Other business.

Shareholder  registration  is open on the meeting day, on April 4, 2003

from  10:00  till  11:00  at the venue of the meeting. The shareholders

shall  have  the  shares blocked on the accounts by the end of business

day  on  March  25, 2003. Draft resolutions of the AGM are available to

shareholders for inspection starting with March 26 from 8:00 till 16:00

on  business  days,  160 A.Čaka Street, Riga, at the company secretary,

and at Registration on the meeting day