Management Board of JSC “VEF” (registration number: 40003001328, legal address: 214 Brivibas gatve, Riga, LV-1039) calls up and announces that Annual General Meeting of Shareholders of JSC “VEF” will take place on April 20, 2007 at 13.00 p.m. at premises of JSC “VEF”, 4 Unijas iela, Riga, Latvia. Agenda: 1.Reports of Management Board, Supervisory Board and statement of Sworn auditor. 2.Approval of Annual report for the year 2006. 3.Distribution of profit for the year 2006. 4.Election of auditor for the audit of Annual report for the year 2007 and determination of the remuneration for auditor. Shareholder registration will be open from 12.00 p.m. till 13.00 p.m. on the day of meeting - 20 April 2007- at the venue of the meeting. The shareholders have rights to participate in the meeting individually or by their authorized representatives or attorneys: §shareholders having a financial instruments account shall present, upon registration, a passport or a personal identification document and a receipt confirming blocking of shares on the account. §shareholders having their securities deposited at the Initial register or Shareholders register shall present, upon registration, a passport or a personal identification document. §representatives and attorneys shall present a written power of attorney or authorized representatives shall present a document certifying authority, and a passport or a personal identification document, and a receipt certifying blocking of shares on the account if shareholder having a financial instruments account. Shareholders shall apply for blocking shares on their accounts not later than by 10 April 2007 (by the end of the business day). Annual report of JSC “VEF”, the Management Board proposal on the profit distribution, other draft decisions as well as additional information on the agenda are available upon a request of shareholders of JSC “VEF” starting from 05 April, 2007 till 19 April, 2007 at premises of JSC “VEF”, 4 Unijas iela, Riga, Latvia on all business days from 10.00.00 till 16.00 and at Registration on the meeting day. On behalf of Management Board of JSC “VEF”, Chairperson of the Management Board G.Feņuks Member of the Management Board T.Kampāne