JSC "Rīgas kuģu būvētava" Management Board announces that extraordinary

general  meeting of shareholders will be convened on December 28, 2001,

17:15,  at  2  Gāles  Street,  Riga, at the premises of JSC "Rīgas kuģu

būvētava" conference hall on the 2nd floor.

Agenda:

1. Increase of the Company share capital by raising extra capital via a

closed share issue.

2. Approval of the issue rules for the new closed share issue.

3. Amendments to the Company charter.

Shareholder  registration  is  open on December 28, 2001, starting from

16:00.

Draft  resolutions  are  available  for  inspection  at JSC "Rīgas kuģu

būvētava"  on  office  days from 13:00til 16:00, starting with December

17, 2001.