1.Management Board report on 2003 results.

To be advised.



2. Approval of Annual Report for 2003.

To approve Annual Report for  2003.



3. Distribution of profit.

To transfer LVL 7054 (5%) to reserves;

To transfer LVL 134,019 to development.



4.  Discharge  of  Management  Board  members  from  liability for 2003

operations.

To   discharge   Management  Board  members  from  liability  for  2003

operations.



5. Approval of 2004 budget.

To approve the 2004 budget.



6. Compensation to Supervisory Board members.

To set a compensation pool for Supervisory Board members LVL 1,100.



7. Approval of certified auditor.

To approve Aija Kurta a certified auditor.



8. Other business.

To  issue  a  mandate  to  Māris Pomerancis to provide all the relevant

documents to Company Register.



All resolutions were adopted unanimously.



Due to lack of quorum ¾ of the share capital, it was resolved to call a

repeated meeting with the  below agenda:



1.  Company registration at the Commercial Register.

2. Approval of the new version of Company Charter.

3. Elections of Supervisory Board members.



The time and the venue of the meeting to be announced.