JSC "Rigas fondu birza" Management Board on its meeting of December 18,

2003  decided  pursuant to Item 11.1.2. of  the RSE Enforcement Note on

Securities     Lists and     company    shareholders    decision    for

self-liquidation,  to  delist  JSC  "Naruta"  shares from RSE Free List

starting with December 19, 2003. Securities ISIN code LV0000100063.