1999.03.24, Rīgas farmaceitiskā fabrika, RIG

JSC  "Rigas  farmaceitiska  fabrika"  informs that on the March 17,1999

Latvian  International  Arbitration  Court reversed judgement regarding

November 14,1997

share  buying agreement of Valsts Rigas farmaceitiska fabrika (36% from

total  amount)  between Agency of Privatization and SIA "Aromabaltfarm"

and November

14,1997  collateral  share  agreement  of  Valsts  Rigas  farmaceitiska

rupnica between Agency of Privatization and SIA "Aromabaltfarm".