Riga Stock Exchange Management Board resolved on its meeting of May 21,

2004, pursuant to the provisions of RSE Listing Rules Item 12.2.4.3, to

transfer  back  "Rīgas Sporta pils" from Surveillance list to Free list

starting with May 21.



"Rīgas Sporta pils" was transferred to Surveillance list on May 19, due

to  the  failure  on  behalf  of the issuer to provide to the RSE draft

Charter  and  draft resolutions of the AGM to convene on May 21,  which

is  a  breach of the RSE Rules and Financial Instrument Market Law. Now

the company has disclosed the information to the RSE.