On sale of shares

| Source: Rigas elektromašinbuves rupnica Rigas elektromašinbuves rupnica 

We hereby advise you of Sale by Mals Company Ltd. of 481 317 (four hundred      
eighty one thousand three hundred seventeen) public issue shares of „Rigas      
elektromasinbuves rupnica” (RER1R) that amounts 17.2% of the total amount of    
public issue shares (ISIN LV0000101012) and 8.3% of the authorized capital of   
„Rigas elektromasinbuves rupnica”.                                              

Attorney of Mals Company Ltd.
Victor Tokarev