JSC  "Kaija"  turnover  for  the  first  eight  months  of 1998 was LVL

10,496,850,  which is 12% over the turnover during respective period in

1997.

Starting  from August, the company considerably decreased deliveries of

fish  products  to its partners in Russia. Having assessing the results

of  financial  crisis  in  Russia,  the  management of Kaija has made a

decision  to reduce the output of tinned fish by 50% in August, without

reducing the output of fish cookery.

The  results  of  August  testify  that  the  strategy  adopted  at the

beginning of

1998,  putting  an  emphasis  on fish cookery production and sales, the

sales  volumes  of fish cookery in the Baltic markets have considerably

increased.

August  sales  were  LVL  472,000 which is 64% over the sales volume of

August,

1997.

Kaija  continues to work at expansion of its market share in the Baltic

region,  as  well  as to begin and extend the operations in Western and

Central  European  markets:  Czech Republic, Slovakia, Hungary, Rumania

and Poland.