JSC   "VEF   Radiotehnika   RRR"   extraordinary   general  meeting  of

shareholders  will  be held on July 21, 2004 at 16:00, at the address 3

Kurzemes  prospekts,  Riga.  Registration  will  be  open starting with

15:00.  Agenda:



1.     Company registration at the Commercial Register.



2.     Approval of the Company Charter.



3.     Changes in Supervisory Board.



4.     Restructuring of fixed assets.



5.     Other business.



Draft resolutions will be made available to shareholders for inspection

starting  with  July  14,  2004,  3  Kurzemes prospekts, from 9:00 till

13:00.  The  deadline  for  blocking shares on the accounts is July 13,

2004. Contact phone 7418245.