1. To  reduce  the  share  capital  by  offsetting  the losses made in

    previous   years   (LVL   5,836,385.94)   with  share  capital  LVL

    5,836,385.94, and by consolidating the shares.

 2. To approve the rules for reducing "Ogre" share capital.

 3. To  set  that  the  compensation to be paid pursuant to Item 7.9 of

    Share Capital Reducing Rules is to be paid out of 2002 profit.

 4. To approve the amendments to the Company Charter after reducing the

    share  capital;  to authorise the Management Board to calculate the

    exact number of shares and the size of share capital as of the date

    specified in Share Capital Reducing Rules.

 5. To  issue  a  mandate  to  Management Board member Juris Kimmels to

    register the resolutions of the meeting with the Company Register.

 6. To  issue  a  mandate  to  Management Board member Juris Kimmels to

    authorise  any  third  party  to  register  the  resolutions of the

    meeting with the Company Register