JSC "Balta" extraordinary shareholders general meeting on July 15,1999

decisions:

1)  Increase  share  capital by issuing in 9th closed share issue 1 368

025

ordinary  shares with voting rights in compliance with 9th closes share

issue  Regulations.  To  deprive right to first refusal to shareholders

who are not mentioned in Regulations of 9th closed share issue.

2) Confirm prospect and Regulations for 9th closed share issue.

3)   Remove  from  Supervisory  Board  Druvis  Murmanis  and  Kristians

Mikelsons and elect Minna Kohmo and Zane Stalberga-Markvarte instead.