Resolution of JSC "Rīgas Raugs"Management Board on mandatory takeover bid


On September 28, 2007 Financial and Capital Market Commission took a decision to
permit shareholder of JSC “Rīgas Raugs” Jästbolaget AB to extend mandatory      
takeover bid approving price per share - 6,40 LVL.                              
                                                                                
Management Board of JSC “Rīgas Raugs” has appraised the takeover bid offered by 
shareholder Jästbolaget AB and came to a conclusion that it satisfies           
requirements of the legislation.                                                

Management Board considers that the takeover bid offered by Jästbolaget AB and  
it's execution will have a positive impact on JSC „Rīgas Raugs” because         
concentration of shares in one's hands will improve further activity of JSC     
„Rīgas Raugs”.                                                                  
                                                                                
Management Board of JSC „Rīgas Raugs” appreciates positively the fact that the  
Offerer doesn't intend to make any changes in the Management Board as well as   
employees of JSC „Rīgas Raugs” will keep their work places according to         
concluded labour agreements.                                                    
                                                                                
	Shareholders of JSC “ Rīgas Raugs” have a possibility to evaluate the takeover 
bid offered by Jästbolaget AB and to take a free and economically justified     
decision if to use it and to sell shares by price determined in takeover bid.   

On behalf of JSC „Rīgas Raugs” Management Board,                                
Chairman of the Management Board Marina Suvorova