Insurance group "Balta" operational plan for 2001

Insurance  group "Balta" main tasks for 2001 are to provide quality and

versatile  insurance  services  to  present and potential clients. That

will  result  in  development of Latvian insurance market as well as in

development  of  Lavian  economy  and  would  bring  profit  to company

shareholders.

Insurance  group  "Balta" in 2001 is planing to sign in gross insurance

premiums LVL 22 600 000 and to pay out in insurance compensations LVL 9

866  350;  that  will result in compensation level of 48,6%. Compare to

2000  growth  of  signed  insurance premiums in the amount of 16,16% is

planned.  Non-distributed  profit is planned in the amount of LVL 2 000

090. Profit per share - LVL 0,43 and return on equity - 22,82%.

During  2001  JSC  "Balta"  will  implement  policy  of  improvement of

branches  including  widening of insurance activities. During this year

new  branches  in centre of Riga as well as in suburbs will take place.

This  will  significantly  improve  service to clients. This process is

closely  related to transfer of employees who work in Riga offices from

"Rigas apdrosinasanas sabiedriba" to JSC "Balta".

To  improve efficiency of each insurance sales channel during 2001 line

of  activities  to  account for budget and fulfilment of insurance plan

for  each  entity will take place. More attention towards attraction of

new  clients  and  quality  of  services  performed  will  be directed.

Especially towards new clients from juridical persons range.