JSC  "Latvijas  balzams"  AGM of shareholders will be held on April 26,

2004,  at  11:00,  at the address 160 Čaka Street, Riga, at the company

conference hall. Agenda:



1. Management Board report on 2003 business operations;



2. Supervisory Board report;



3. Certified auditor's report;



4. Approval of 2003 Annual Report;



5. Approval of budget for 2004;



6. Compensation to the Management Board and Supervisory Board;



7. Elections of a certified auditor;



8. Company registration at the Commercial Register;



9. Conversion of shares;



10. Approval of the new version of the Company Charter;



11. Other business.



Registration will open on the meeting day from 10:00 till 11:00, at the

venue of the meeting.

Shareholders shall instruct their custodians to block the shares on the

accounts by the end of the business day of April 14, 2004.

Draft  resolutions  will  be  made  available  to  the shareholders for

inspection  starting  with  April  15  on  business days from 8:00 till

16:00,  at  the  company  secretary  160  Čaka  Street,  Riga,  and  at

Registration on the meeting day.