Management Board of joint stock company “Valmieras stikla šķiedra” (registration number: 40003031676, legal address: 13 Cempu iela, Valmiera, Latvia, LV-4201) calls up and announces that Annual General Meeting of Shareholders of JSC “Valmieras stikla šķiedra” will take place on 29 May 2009 at 11 a.m. at premises of JSC “Valmieras stikla šķiedra”, 13 Cempu iela, Valmiera, Latvia.

Agenda:

1.      Reports of Management Board, Supervisory Board and statement of Sworn auditor, approval of Annual reports for the year 2008.

2.      Distribution of profit for the year 2008.

3.      Election of auditor for the audit of Annual reports for the year 2009 and determination of the remuneration for auditor.

4.      Determination of the remuneration for Members of the Supervisory Board.

5.      Amendments of the Articles of association.

6.      Election of audit committee.

Registration of  Shareholders will be open from 10.00 a.m. till 11.00 a.m. on the day of meeting – 29 May 2009 - at the venue of the meeting.

The shareholders have rights to participate in the meeting in person 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 an other personal identification document and a receipt confirming blocking of shares on the account issued by the financial instruments account (securities account) holder.

§         shareholders having their securities in safe custody at the Initial register or at the Shareholder register shall present, upon registration, a passport or an other personal identification document.

§         authorised representatives and attorneys shall present, upon registration, a passport or an other personal identification document, and shall submit written power of the attorney (form of a written power of attorney is also available on website of the central storage of regulated information - www.oricgs.lv), or authorized representatives shall present a document certifying the authority, and if the shares or represented shareholder are in safe custody at the financial instruments account (securities account), the a receipt issued by a commercial bank of an investment brokerage company certifying blocking of shares on the account.

Shareholders shall apply for blocking shares on their accounts not later than by 19 May 2009 (by the end of the business day).

Shareholders of JSC “Valmieras stikla šķiedra” can get acquainted with draft decisions as well as additional information and give their suggestions and proposals on the Agenda starting from starting from 15 May 2009 till 28 May 2009 at premises of human resources department (room no. 9) of JSC “Valmieras stikla šķiedra”, 13 Cempu iela, Valmiera, Latvia on all business days from 08.00 a.m. till 16.00 p.m. and at Registration on the meeting day. Phone numbers for enquiries +37164202213, +37164202211

The total amount of the shares with voting rights of JSC “Valmieras stikla šķiedra” is 23 903 205.

The Management Board of JSC “Valmieras stikla šķiedra”

Inita Martinsone

Marketing

tel.: +371 642 02242

mob.: +371 26734124

initam@vss.lv