1998.09.04, Ditton pievadķēžu rūpnīca, RIG

JSC  "Daugavpils pievadķēžu rūpnīca" informs, that the company does not

have  any  investments  in  securities of Russia, Ukraine and other CIS

countries.

The  company had trade debtors with total amount outstanding LVL 1923.6

thousand  as  of  September 1, 1998, including LVL 1153,5 thousand with

Russia and LVL 312.8

thousand  with  customers  from  other  CIS  countries.  Customers from

Russia,  as  a  rule,  are  paying bought in Russian rubles and in USD,

following  on  instructions  for  settling  payments  with ran material

suppliers  from  Russia. With other CIS countries, settlement is in USD

only.

Due to financial crisis in Russia, the company has suspended deliveries

to Russia and other CIS countries.

To  reduce the impact of Russia financial crisis on the company profit,

certain  measures  are developed and implemented, which are directed to

reduction of production costs, as well as to increase the sales volumes

to customers in the Western and Baltic markets.