About the publication of agency BNS from January 27th, 2009

| Source: Rigas elektromašinbuves rupnica Rigas elektromašinbuves rupnica 

With reference to the publication of news agency BNS of January 27th, 2009
company 
announces, that scheduled reduction of the personnel of joint-stock company
“Riga electro machine-building factory” is not made. At the moment there is an 
optimization of industrial structure of the enterprise within the limits of
which employment is suspended and vacancies are reduced. Some reduction of
number of the personnel occurs owing to dismissal of workers at own will.