A/s  'Kaija'  shareholders  General Meeting have passed a resolution to

increase  companies  capital  to  LVL 872 657, to convert 425 thouthand

closed shares into public shares, to authorize Management Board to work

out  and  to  approve  prospectus  of  third closed issue at Securities

Market commission and to pay LVL

0.01 dividends per share for 1997.

A/s  'Kaija'  net  profit for 1997 was LVL 730 980, turnover LVL 14 611

450.

Budget  of  A/s  'Kaija' for 1998 provide companies turnover LVL 17 300

000, profit LVL 560 000.

A full report is available from

<a href='http://www.rfb.lv/other/listing/reports/kaij.xls' target='_blank'>http://www.rfb.lv/other/listing/reports/kaij.xls</a>