The  agenda of JSC "Rīgas Raugs" AGM, to be held on April 22, 2004, has

been changed. The new agenda:



1.     Management Board report on performance in 2003;

2.  Approval of Annual Report and discharge of Management Board members

from liability for 2003 operations;

3. Distribution of 2003 profit;

4. Approval of budget and operational plan for 2004;

5. Decision on entering JSC "Rīgas Raugs" into Commercial Register;

6. Conversion of Management Board shares into regular voting shares;

7. Approval of the new Charter;

8.  Revoking of Supervisory Board and Management Board members from the

positions;

9. Supervisory Board elections;

10. Compensation to Supervisory Board;

11. Management Board elections;

12. Compensation to Management Board;

13. Other business.



JSC  "Rīgas  Raugs"  AGM  of  shareholders will take place on April 22,

2004,  at  13:00  (registration  from  12:00) at the premises of "Rīgas

Raugs".

Draft  resolutions are available for shareholders' inspection at "Rīgas

Raugs"  office manager, 27 Pulkveža Brieža iela, Rīga, on business days

from 8:30 till 12:00, starting with April 9.

April 9, 2004 is the deadline for blocking shares on the accounts.

Contact phone 7336066.