Draft  resolutions for JSC "Rīgas Transporta flote" general meeting of

shareholders, to convene on May 11, 2002:

1. To approve the Annual Report of 2001;

2. To discharge the Management Board members from their responsibility;

3.  To  retain  the profit made in 2001, LVL 165,583, undistributed, in

order to offsett the losses of the previous years;

4.  To  elect  Supervisory  Board  for  a  three year term: Joachim von

Reiche, Elias Galanopoulos, Wolfgang Zielke, Petros Tornaros, Emmanouil

Mavrikakis;

5.  To  elect Management Board for a three year term: Peter Rex George,

Oļegs  Kolosovs, George Baranovs, John Giannakakis, Eleftheria Kallini,

Wolfgang Redlin (a candidate);

6.  To  approve  the  budget  for  2002: gross sales LVL 2,490,120, net

profit LVL 73,750; as well as the operations plan.

7. To elect Ēvalds Figurnovs a chartered auditor;

8.  To  amend  the  Company  charter:  "Registered share capital is LVL

23,312,980, which breaks down in 23,312,980 in common voting shares and

11,900 common non-voting shares, reserved for Management Board members.

Nominal  value  of each share is LVL 1. The registered capital is fully

paid in."