Annual General Meetings of the Riga Stock Exchange and Latvian Central Depository

07.03.2003 RIG

On Thursday, March 6, annual general meetings of the Riga Stock Exchange (RSE) and Latvian Central Depository (LCD) were held. The meetings approved Annual Reports for 2002 and elected the auditor for 2003 (PricewaterhouseCoopers).

The AGMs resolved to approve the RSE and the LCD Management Boards with the present membership. The RSE Management Board, the same as previously, will consist of: Guntars Kokorevics, Chairman of Management Board, Aivars Slokenbergs, Deputy Chairman of Management Board, and three board members – Dace Rungevica, Daiga Auzina – Melalksne and Girts Apsitis. The LCD Management Board will consist of: Aivars Slokenbergs, Chairman of Management Board, and board members Dace Rungevica and Girts Apsitis.

The shareholders resolved to re-elect Gert Tiivas (Vice-president of HEX Baltic Operations) the Chairman of the RSE and of the LCD Supervisory Boards. Teuvo Rossi, (Executive Vice-president of HEX Plc.), was elected as the RSE and LCD new Supervisory Boards’ member.

The rest of the RSE Supervisory Board members are: Pekka Peiponen, Senior Vice-president of HEX Plc.; Guntars Vitols, President of Parex Asset Managemen; and Maris Mancinskis, Director of Hansabanka Markets.

The rest of the LCD Supervisory Board members are: Pekka Peiponen, Senior Vice-president of HEX Plc.; Maris Mancinskis, Director of Hansabanka Markets and Ansis Grasmanis, Vice-president of Latvijas Unibanka.