Notification of JSC "Rigas Raugs" extraordinary general meeting of shareholders

Management Board of Joint Stock company “Rigas Raugs” (registration number:     
40003040518, legal address: 27a Pulkveža Brieža street, Riga, LV-1045) announces
that on the basis of request of shareholder „Jästbolaget AB” (registration      
number: 556033-4830, legal address: 19207 Sollentuna, Box 7003, Sweden)         
Extraordinary General Meeting of Shareholders of JSC “Rīgas Raugs” will take    
place on 20 August, 2007 at 14 a.m. at premises of JSC “Rigas Raugs”, 27a       
Pulkveza Brieza street, Riga, Latvia.                                           

Agenda:                                                                         
On changes in the Charter of the JSC “Rigas Raugs”.                             

Draft decision on the item of the agenda “On changes in the Charter of the JSC  
“Rigas Raugs”” proposed by the shareholder „Jästbolaget AB” is following: to    
change the Charter of the AS “Rigas Raugs” by deleting Section 7.2.             

Shareholders registration will be open from 13.00 till 14.00 a.m. on the day of 
meeting - 20 August, 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 (securities account) with a 
commercial bank or an investment brokerage company shall present, upon          
registration, a passport or other 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 other     
personal identification document.                                               
representatives and proxies shall present, upon registration, a passport or     
other personal identification document and submit a written proxy (form of a    
written proxy is available on website of joint stock company “Rigas Raugs”      
www.raugs.lv as well) or authorized representatives shall present a document    
certifying authority, and a passport or a personal identification document, and 
a receipt issued by a commercial bank of an investment brokerage company        
certifying blocking of shares on the account if the shareholder having a        
financial instruments account (securities account) with a commercial bank or an 
investment brokerage.                                                           

Shareholders of JSC “Rigas Raugs” shall apply for blocking shares on their      
accounts not later than by 08 August 2007 (by the end of the business day).     

Draft decisions on the agenda of the meeting are available upon a request of    
shareholders of JSC “Rigas Raugs” starting from 06 August, 2007 till 19 August, 
2007 at premises of JSC “Rigas Raugs”, 27a Pulkveza Brieža street, Riga, on all 
business days from 09.00 till 16.00 and on the day of meeting - at the venue of 
registration. Phone number for inquiries +371 7 33 60 66.                       

The total amount of shares with voting rights of joint stock company “Rigas     
Raugs” is 773 000.                                                              

The Management Board of JSC “Rigas Raugs”