JSC  "Ventspils  nafta" shareholders general meeting will take place in

Ventspils Sports Hall at the address Sporta 7/9, Ventspils, on the June

10,1999 at 11AM.

On the agenda:

1) About operations in the 1998.

2)  About  releasing  of  Management  Board from responsibility for the

1998.

3) Distribution of 1998 profit.

4) Elections of auditor for 1999.

5) About adherence of JSC "Naftas parks".