2000.04.18, Valmieras stikla šķiedra, RIG

JSC  "Valmieras  stikla  skiedra" informs that for shareholders general

meeting on April 29, 2000, following proposals will be made:

to confirm net profit for 1999 - LVL 536 972;

to  distribute  profit  as  follows:  development  and modernisation of

production  process  -  LVL 400 000 or 74,5%, to pay in dividends ( LVL

0,008 per share) - LV

107  395 or 20% ( date of dividend calculation -May 15, 2000, payment -

May 19,

2000), reserves - LVL 29 577 or 5,5%;

to  confirm  budget  for  2000  will be made: gross turnover - LVL 13,8

million and net profit - LVL 450 000.