Agenda item 4.

To  approve the audited Annual Report for 2003; to discharge Management

Board  members  Juris Gulbis, Rolands Gulbis, Aleksandrs Jerņevs, Indra

Ozola,  Oļegs  Vorošins,  Egilu  Dzerelis  and  Sergejs  Ļimarenko from

liability for 2003 operations.

To  retain  the net profit made in 2003, LVL 2,218,013, in the company.



Agenda item 5. 

To approve JSC "Latvijas balzams" 2004 budget:

Revenue side LVL 58,172 thousand

Expenditure side LVL 55,954 thousand

Profit LVL 2,218 thousand



Agenda item 6. 

Management  Board   members  will not be  compensated for their work at

Managment Board

Supervisory  Board  members will receive compensation ______ (according

to the AGM motions).



Agenda item 7. 

To  elect  audit  firm  "PriceWaterhouseCooper" a certified auditor fir

2004 accounts.



Agenda item 8.

To   register   company   at   the  Commercial  Register.  All  rights,

liabilities,  commitments,  management  body  decisions  and  any other

conditions  of "Latvijas balzams" shall remain valid after registration

at the Commercial Register.



Agenda item 9.

To  convert  5000  Management  Board non-voting shares in to registered

voting shares.



Agenda item 10. 

To approve the new version of JSC "Latvijas balzams" Charter.



Agenda item 11. 

To  issue  a  mandate  to Rolands Gulbis to sign application to Company

Register  about  the  AGM  resolutions.  To  issue  a  mandate to Inese

Psarjova  to communicate with Company Register and to submit or receive

any documents related to registration of the AGM resolutions.