Riga Transport Fleet                                         29.06.2005



DECISIONS of the General Shareholders' Meeting of JSC "Riga Transport Fleet"  

held on the 28th of June, 2005



1.To approve the Annual report of jsc "RTF" for 2004 .



2.To release Members of the  Board from responsibility for activity having been 

done in 2004.



3.To use profit of 2004, that is equal to USD 1 399 214  / LVL  757 955 , 

for the purpose to pay off losses of the past years .



4.To approve of the Budget  for  2005  and the Business Plan  for 2005 for the 

jsc "RTF".



RTF BUDGET FOR  2005( EUR )

Operating profit             4 923 850

Management fee                 828 580

Other income                     6 230

Total:                       5 758 660     

Expenses:	  

General and administration expenses     572 010 

Loan and other financial expenses       184 200 

Depreciation                  1 919 660 

Total:                        2 675 870 

Gross profit ( loss )         3 082 790

Taxation(profit,property,land)  460 040

Net profit( loss)             2 622 750 

	

5. To elect the following persons as the Members of the Council of JSC “RTF”:

1.Mr. Joachim von Reiche .

2.Mr. Elias Galanopoulos .

3.Mr. Wolfgang Zielke

4.Mr. Petros Tornaros

5.Mr. Emmanouil Mavrikakis.



6.   To elect Mr . Evalds Figurnovs / licence No. 38 /  as the Auditor of jsc  

"RTF" .



7. To empower Mr.Oleg Kolosov to sign on behalf of the 

Shareholders all Documents relating to the Annual Report of the Company and to 

this Meeting.

To empower Mr. Vadims Kotshergins and Mr. Vladimirs Sedihs to deliver on behalf 

of the Shareholders all Documents, relating to this Meeting, to the Business 

Register of the Republic of Latvia.



On behalf of  the JSC “Riga Transport Fleet” 

Vice- president 

Oleg Kolosov.