On  the April 13,1999 JSC "Kaija" shareholders general meeting, paid up

share  capital was represented in the amount of 74,3% (3 567 874 shares

with voting rights).

Shareholders conformed audited 1998 financial results.

Shareholders  conformed  budget  for the 1999, according to the present

situation,  turnover  of  LVL  5  528  000  and  loses LVL 448 000 were

planned. At present total amount of export to Russia has been decreased

from 64% to 20%, but increased by

24% in the local market.

Shareholders  elected new JSC "Kaija" Management and Supervisory Board.

As  members  of the Management Board were elected: private entrepreneur

Imants  Kalnins,  physicist  Fjodors Pirogovs and JSC "Kaija" technical

director  Arno  Karklins.  As members of Supervisory Board were elected

Inese Trusina -

Securities and Marketing specialist, certified advocate Arnis Ozolnieks

and Securities market specialist Ansis Sestulis.