29.04.2004, Valmieras stikla šķiedra, RIG

JSC  "Valmieras stikla šķiedra" AGM of shareholders will be held on May

29,  2004  at  10:00,  at the address 13 Cempu Street, Valmiera, at the

premises of "Valmieras stikla šķiedra". Agenda:

 1. Approval  of  Management Board, certified auditor's and Supervisory

    Board  report  on  compliance with 2003 budget and approval of 2003

    Annual Report.

 2. Distribution of 2003 net profit.

 3. 2004 budget and operational plan.

 4. Registration of company at the Commercial Register.

 5. Conversion of Management Board reserve shares.

 6. Approval of the new version of the Charter.

 7. Company key officials and their competence.

 8. Elections of a certified auditor.

 9. Approval of the Property Valuation Committee.

10. Compensation to Supervisory Board members for 2004.

11. Other business.



Shareholder  registration will be open on the meeting day from 9:00till

10:00  at  the  venue  of  the meeting. Shareholders may participate in

person,   or   may   be   represented  by  proxies  or  trustees.  Upon

registration, shareholders have to present a personal ID and an account

statement   about   the  blocked  shares.  Shareholders  who  have  not

deregistered their shares shall present a personal ID. Trustees have to

present  proxies duly certified by a notary public. May 20, 2004 is the

deadline  for  instructing  the  custodian  to  block the shares on the

account.  Shareholders  or  proxies who will not be able to certify the

blocking  of shares on the account may not exercise their voting rights

at the meeting.



Documents  related to the issues to be discussed at the meeting will be

made  available  to the shareholders for inspection from May 5 till May

29,  2004,  on  business  days from 10:00 till 16:00, at the address 13

Cempu Street, Valmiera, R9, and on the meeting day at Registration.



Shareholders   are  encouraged  to  submit  in  writing  proposals  and

recommendations  with  regard  to  AGM  draft resolutions, addressed to

company Management Board, and mailed to 13 Cempu Street, Valmiera, till

May 29. Contact phone 4202213,4202271.