02.04.2004, Rīgas autoelektroaparātu rūpnīca, RIG

JSC "Rīgas autoelektroaparātu rūpnīca" AGM of shareholders of March 31,

2004 resolved on the following:



1. Approval of Annual Report for 2003.

To approve Annual Report for 2003.



2.  Discharge  of  Management  Board  members  from  liability for 2003

operations.

To  discharge  of  Management  Board  members  from  liability for 2003

operations



3. Management Board elections.

To  elect Management Board for a 3 year period: Alfrēds Auziņš, Zigurds

Kalniņš, Maksims Araslanovs.



4. Supervisory Board elections.

To  elect  Supervisory  Board  for  a 3 year period: Ēriks Kaža, Gunārs

Lubis, Viktors Rojs, Kristina Kaža, Tatjana Ļevenkova



5.  Registration  of  Company at the Commercial Register, and change of

share nominal value and the new version of Charter.

The meeting lacks quorum for resolving on this agenda item



6. Chartered Auditor for 2004.

To elect audit company "Sarguns" a certified auditor for 2004 accounts.



7. Key business operations in 2004.

To be advised and approve the key business operations in 2004.



8. Other business.

None.