Pursuant  to  the  recommendation  of the RSE Management Board, the RSE

Supervisory  board  resolved to admit all Free list shares to continuos

trading at variable prices from April 2, 2002 till December 31, 2003.



Aivars Slokenbergs, Vice President, Riga Stock Exchange



"Admitting  Free list shares to continuos trading will allow the market

participants  to trade the said shares at all times during the session.

It  will  facilitate  execution  of  buy and sell orders for investors,

including  minority  shareholders,  and  will  allow to track the price

changes,  since information on prices in best buy and sell bids will be

made publicly available throughout the session..



Considering that the Free list will exit till the December 31, 2003, by

then  Free  list companies will have to decide whether to qualify for a

higher list (Official or Second), or else, to delist from the RSE. Thus

the  shareholders  of the companies considering delisting have the last

chance  to  trade  their  securities  publicly. For issuers considering

qualifying  for  a higher list it is a good trial opportunity. Prior to

passing  the  resolution,  the  RSE  surveyed  brokers,  who were fully

supportive of the idea".



Dissolution   of  the  Free  list  is  associated  with  the  temporary

provisions  of the amended Law on Securities and the provision that the

control  interest  holders have to either announce a buy-back of shares

by September 26, 2003, or have to reduce their interest in capital.



Currently 50 shares are listed on the Free list.