Announcement


This is to inform that A/S „Latvijas balzams” in period of one year has
reduced number of employees by 10% as well as, that Karlis Andersons, Chairman
of the Board believes, that A/S „Latvijas balsams”, approximately in period of
two years, could expect improvement of economic situation in Latvia and
wherewith we could expect improvement of A/S “Latvijas balsams” sales in local
market.

Karlis Andersons
Chairman of the Board