JSC  "Liepājas metalurgs" general meeting of shareholders will be held

on  April  20,  2002  at  10:00,  at  the  address: 58 Jelgavas Street,

Liepāja, Liepāja Cultural and Sports Palace.

Agenda:

1. Management Board report on performance in 2001.

2. Approval of 2001 Annual Report.

3.  Discharge  of Management Board members from responsibility for 2001

operations.

4. Distribution of profits.

5. Approval of budget for 2002.

6. Approval of amendments to the Company Charter.

7. Other business.

For  participation in AGM, shares have to be blocked on the accounts by

April 5, 2002.