Rīgas kuģu būvētava                                              18.07.2005



JSC „RIGA SHIPYARD” JOINT STOCK ASSEMBLY 28TH JULY, 2005, DECISION PROJECTS



1.	The management message by results of 2004 year.

To take into account the management message by results of 2004 year.



2.	The statement of JSC „Riga shipyard” annual report of 2004 year.

To confirm JSC „Riga shipyard”   2004 year annual report. 



3. Income distribution of 2004.

     3.1. The part of 2004 incomes 384 860,00 LVL to divide, having paid

dividends LVL 0,02 for one share, sum total 233 442,00 LVL and the rest of

sum to enclose to develop of the enterprise.

     3.2. To authorize the Board of directors establish date of calculation

and payment of dividends.



4.	Elections of the Board of JSC “Riga Shipyard”, determinate of

compensation for councilors.

4.1.	To remove the Board of JSC “ Riga-shipyard” :

-	Jānis Davidovičs 

-	Sergejs Golicins;

-	Anatolijs Ustinovs; 

-	Aleksandrs Čerņavskis;

-	Ģirts Stelbovičs

    4.2. To elect the Board of JSC “Riga-shipyard”:

-	Sergejs Golicins ;

-	Anatolijs Ustinovs;

-	Ģirts Stelbovičs;

-	Aleksandrs Čerņavskis;

-	Andris Kravalis.



    4.3. Establish fee of the Board of JSC “Riga Shipyard” as follows:

chairman of the Board and depute of chairman of the Board 3000, - LVL per

month, other members of the Board 2000,- LVL per month.

   4.4. To authorize amount of charges of JSC “Riga shipyard” the Board and

the Board of Directors, including members of the Board, members of the Board

of Directors and Employers, collateral fee not over 3 % from turnover of

enterprise.



5.	Approval of sworn auditor for the 2005 year and remuneration for

sworn auditor for 2005 year financial report revision.



Approve Mrs. Natālija Zaiceva (SIA “ORIENTS N”, LZRA license Nr.28) as JSC

“Riga Shipyard” certified sworn auditor for the year 2005.

Appoint remuneration for the financial report audit for the year 2005 not

more than 8000,-LVL



6.	Other questions.

Authorize the enterprise lawyer Ivars Veigulis to arrange all documentation

and formality to register them at LR Enterprise Register.



JSC “Riga Shipyard” board of directors