JSC  "Rigas  Fondu  birza"  Management  Board  on the December 23 ,1999

decided:

1.  In  compliance  with  Enforcement  Note on Securities Lists part I,

point  12  to  transfer  JSC "Liepajas ellas ekstrakcijas rupnica" from

Second  list  of  Riga  Stock Exchange to Free List starting January 1,

2000  and  resume  quotation  on January 3,2000. Securities code. LV LV

0000100493.