JSC  "Liepājas  autobusu parks" AGM of shareholders was held on June 4,

2004 and resolved on the following:



1.  Approval  of Supervisory Board and Management Board reports on 2002

performance.

2. To approve the certified auditor's report and opinion on 2002 Annual

Report.

3. To approve the Annual Report for 2002.

4. Distribution of profit for 2002.

    To divert net profit in amount of LVL 5 051 for business expansion.

5.To  release  the  members of Management Board from liability for 2002

performance.

6.To approve the Budget and operational plan for 2003.

7.  To  elect  a  certified  auditor  Maria Jansone for 2003 audit, and

according to a special agreement

to set the compensation.

8.  Approval  of  Supervisory Board and Management Board report on 2003

performance.

9. To approve the certified auditor's report and opinion on 2003 Annual

Report.

10.To approve the Annual Report for 2003.

11.Distribution of profit for 2003.

      To  divert  the  net profit in amount of LVL 101 136 for business

expansion, acquisition of fixed assets.

12. To  release the members of Management Board from liability for 2003

performance.

13. To approve the Budget and operational plan for 2004.

14. Elections of Supervisory Board:

     To revoke D.Dambergs, on the basis of his resignation letter, from

the  position  of  Supervisory  Board  member,  and  according  to  the

Commercial  Law  (paragraph  9 of Article 296), to elect new members of

the Supervisory Board:

         1) Andris Bražis,

         2) Juris Jirgens,

         3) Rita Gailuma,

         4) Jānis Sviklāns,

         5) Andris Rozenbahs.

15.  To  elect  a  certified  auditor Maria Jansone for 2004 audit, and

according to a special agreement to set the compensation LVL 1 200 .

16. Other issues.