Rīgas Transporta Flote                                             04.11.2005



Board of JSC „Rīgas Transporta Flote” regarding the proposal on redemption of shares



As per clause 77 of the Law on financial instrument market, the Board of JSC 

„RTF” expresses its opinion regarding the made proposal on redemption of 

shares by the company „Lavinia Corporation”.

	

Pursuant to the Law on financial instrument market, the company „Lavinia 

Corporation” offered minor shareholders to redeem their shares at the price 

of 0,96 LVL per share.

The company Board supposes that the above price is a maximum high one and 

it meets the requirements of the company shareholders.

	

The Board of JSC „RTF” treats respectfully and intelligently the company’s 

„Lavinia Corporation” proposal to redeem shares from minor shareholders.

	

The company’s Board supports and approves of “Lavinia Corporation” decision, 

and invites Shareholders to take the opportunity.

	

The joint-stock company „RTF” will continue its operation according to 

charter and principal activities. There are no plans to change the 

composition of the Board and Council. The company will reserve workplaces 

under the concluded labor contracts.







On behalf of the Board

of JSC „RTF”

Vice-president			

O. Kolosov