JSC  "Ventspils  nafta"  Supervisory Board on the December 17, 1998 has

decided  to  accept Ventspils nafta trends in operations and budget for

the  1999  and  recommend  to  the Management Board to accept following

indicators for the

1999 budget:

1.Planned profit from financial activity LVL 48,2 millions;

2.Planned net profit LVL 15,6;

3. Following distribution of the net profit for the 1999 is planned:

-dividents  for  the  rezults  of  1999  LVL 2,3 millions (15% from net

profit);

- reserve for implementation of investment programm LVL 13,3 millions.