A/s  'Balta'  shareholders  general  meeting  will be held on April 22,

1998, at

15:00,  in  the  Conference  Hall  of  hotel 'Rīdzene' , 1 Reimersa St.

Agenda:

1.  Report  of  Management  Board  for results of economic activity for

1997.

2. Approval of a/s 'Balta' annual report.

3. Report of certified auditor for annual report for 1997.

4.  Discharge  of  the Management Board from the responsibility for the

1997

operations and elections of Management and Supervisory Boards.

5. On distribution of 1997 profits.

6. Operations plan and budget for 1998.

7. Share capital increase.

8.  Conversion  of  7th  closed  issue into public issue and approve of

issue prospectus.

9. To approve regulations of 8th closed issue and issue prospectus.

10. On appointment of certified auditor for 1998.

11. Miscellaneous questions.