Board  of  Public  Joint  Stock  Company  Grindeks  announces  that the

extraordinary  general  meeting of PJSC Grindeks shareholders scheduled

for  14  September  2004  was  not  held  due  to  insufficient quorum;

consequently,  a repeated extraordinary general meeting of shareholders

will  take  place on 8 October 2004 at 10:00, at the conference hall of

PJSC Grindeks , Krustpils iela 53, Riga with the same agenda:

1.      Regarding record of PJSC Grindeks in the Commercial Register of

the Republic of Latvia.

2.      Approval of the Council Regulation of PJSC Grindeks .

3.       Approval  of  a  new version of the Articles of Association of

PJSC Grindeks .

4.      Regarding the Council of PJSC Grindeks .

5.      Miscellaneous.

Shareholder registration will be held on the day of meeting - 8 October

2004  between 09:00 and 10:00 at the meeting's venue. Shareholders must

present     their     passport     or     other    personal    ID    at

registration.Shareholders  may  participate  in  person  or they may be

represented by a person submitting a letter of authorization.



Shareholders having securities account must prove blocking of shares on

account  by  presenting a document issued by the bank of the respective

securities  account.  The  deadline  for  blocking  the  shares  is  29

September 2004.



Draft  resolutions  and  other  material  of the repeated extraordinary

general  meeting  of  shareholders  are  available at the PJSC Grindeks

office  (reception)  at Krustpils iela 53, Riga, from 10:00 to 15:00 on

business days. Contact phones: 7083252, 7083205.

Board of PJCS Grindeks