Pursuant  to  FCMC resolution #17/5 of November 2, 2001 "Regulations on

buyout of shares", items 2.1.2.1. - 2.1.2.10



1. Target company Public joint stock company "Poligrāfists", registered

29/11/1991   at   Enterprise   Register  of  the  Republic  of  Latvia,

registration No 000304188, legal address Kr. Valdemāra iela 6, Rīga, LV

1010, phone 7324518, fax 7508798 (hereinafter "Company")



2.Offerer Limited liability company "Apgāds Zvaigzne ABC", registration

number  at Commercial Register 000315416, registration date 06/10/1993,

address Kr. Valdemāra iela 6, Rīga, "Offerer");



3.Type  of  offer  Mandatory  buyout offer is announced pursuant to the

provisions  of Article 65 part 1 of the law "On Securities", Item 10 of

"Transitional  provisions"  and Item 2.8.1 of the FCMC resolution #17/5

of  November  2,  2001  "Regulations  on buyout of shares", SIA "Apgāds

Zvaigzne  ABC"  holds  the number of shares in JSC "Poligrāfists" which

gives over ½ or ¾ of the votes at general meeting of shareholders.



4.Securities code LV0000100584



5. Buyout price The target company shares are offered to buy out at the

price of LVL 1.04 per share.



6.  Payment and settlement procedure and terms The Offerer shall submit

the  buy order to "Latvijas Unibanka", to be delivered for execution to

the  Riga  Stock  Exchange; all the sell orders will be accepted at the

RSE   by  14:00  of  the  deadline  specified  in Item 7 of this offer;

payment  will be transferred within three business days after the offer

validity, according to Delivery Versus Payment principle.



7.  Validity  of  the  offer The offer is valid for four weeks starting

with  publication  of  the  offer  in  the official newspaper "Latvijas

Vēstnesis"  -  the  end  date  to  specified in the notification in the

newspaper.



8.   Accepting  procedure  for  the  target  company  shareholders  The

shareholders willing to respond to the buyout offer shall deliver their

sell orders to a bank or a brokerage company. The bank or the brokerage

company  must send the order to the Riga Stock Exchange pursuant to the

effective Rules and Regulations.



9.  The intentions of the offerer with regard to takeover of the target

company, its business in future, management and employees 



The  Offerer  is  announcing  the  buyout  in  order to comply with the

provisions  of  the  law  "On Securities". The Company will continue to

operate  according to its Charter; there will be no changes made in the

Company  management.  The employees of the Company retain their jobs as

per their individual employment contracts.