Pursuant   to  the  provisions  of  Enforcement  Note  on  Trading  and

Quotation, JSC 'Torņu un autoceltņu firma "UBAK" " 859680 common shares

with  voting rights and nominal value Ls 1 will be listed on the Second

List of the RSE. The first quotation date shall be June 29, 1998.

Information  on issuers Based on information from Latvian Privatization

Agency General information on company General information:

Company  name:  JSC " Torņu un Autoceltņu firma 'UBAK' " Former company

name:  State "Torņu un autoceīu firma 'UBAK' " Address: Rankas iela 2a,

Rīga, LV-1007

Tel/fax: 381339, fax 382575

Company   main   business  Construction  works;  repair  and  technical

maintenance   of  building  machinery  and  equipment  Securities  code

LV0000100766

Additional commitments of the strategic investor:

Retention  of  jobs:  120 jobs for 3 years Maintaining business profile

the  existing profile to be retained for 3 years Capital investment not

defined   There   has   not  been  a  shareholders  meeting  after  the

registration of public shares of the company in LCD.

Jsc ' Torņu un autoceltņu firma 'UBAK'" financial indicators.

1997 1Q 1998

Net turnover 366101 82451

Profit after tax 25480 (20646) Tangible assets 542570 532598

Assets

911320 895736

Equity capital 864000 864000

Financial  report  is  available  at  RSE Internet home page (financial

reports).