Rīgas kuģu būvētava                                                29.07.2005



DECISIONS OF THE JSC „RIGA SHIPYARD” JOINT STOCK ASSEMBLY 2005.YEAR 28TH JULY



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. Establish bonus pool of the Board and the Board of Directors 

collateral fee not over 5% from turnover of enterprise. 



   4.5. To authorize amount of charges of JSC “Riga shipyard”, including 

representation costs of 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