JSC  "VEF"  AGM of shareholders will convene on April 6, 2004 at 15:00,

at the address 4 Ūnijas Street, Riga, at JSC "VEF" premises. Agenda:



1.      Approval of Company Annual Report for 2003;



2.        Discharge   of  Management  Board  from  liability  for  2003

operations;



3.      Approval of 2004 budget and operational plan;



4.      Elections of certified auditor for the audit of 2004 accounts;



5.      Conversion of Management Board shares;



6.      Registration of Company at the Commercial Register;



7.      Approval of the new version of Charter;



8.      Revoking of Management Board;



9.      Supervisory Board elections;



10. Setting compensation to the Supervisory Board;



11. Other business



Shareholder  registration  is open from 14:00 till 15:00 on the meeting

day at the venue of the meeting.

Shareholders may block their shares on the accounts with the custodians

by the end of business day of March 25, 2004.