About  JSC  Latvijas  kuģniecība  extraordinary  shareholders  general

meeting

JSC  Latvijas  kuģniecība  informs  that on July 26, 2002 extraordinary

shareholders general meeting made following resolutions:

1. Starting July 26, 2002 to discharge from responsibility JSC Latvijas

kuģniecība  members  of  Management Board - Jānis Brūnavs, Larss Anders

Hedbergs, Roberts Joma, Andris Kļaviņš, Elmārs Vītoliņš. Discharge from

responsibility  of  Jānis Brūnavs, Larss Anders Hedbergs, Roberts Joma,

Andris  Kļaviņš, Elmārs Vītoliņš for period starting January 1, 2002 to

July  26,  2002  will  be decided following confirmation of 2002 Annual

report.

2.  Based  on resolution of JSC Latvijas kuģniecība Management Board on

June  7,  2002 and LR Law on Joint Stock Companies point 50. and 54. to

relese  Vladislavs  Skrebelis  from  responsibility of Management Board

member starting June 10, 2002. Discharge from responsibility for period

starting  January  1,  2002  to July 26, 2002 will be decided following

confirmation of 2002 Annual report.

3.  During  1  month  period  to  buy back from former Management Board

members  Jānis  Brūnavs,  Larss  Anders  Hedbergs, Roberts Joma, Andris

Kļaviņš, Elmārs Vītoliņš Management Board members shares.

4.  To elect on 3-year term as JSC Latvijas kuģniecība Management Board

members  starting  July  26,  2002: Imants Vikmanis, Valērijs Godunovs,

Juris Kārlis Viktors Reinhards, Jānis Rocēns, Gints Bukovskis un Ilmārs

Krūms.

5.  To authorise JSC Latvijas kuģniecība Supervisory Board to determine

amount  of remuneration for Management Board members, to sign contracts

and decide on other terms of agreements;

6.  To  release from Supervisory Board members: Jāzeps Bernāns, Miķelis

Elsbergs,  Vita  Gerharde,  Antons  Ikaunieks,  Imants  Kapsis, Halfors

Krasts,  Uģis  Magone,  Jānis  Maršāns,  Andris  Pauls - Pāvuls, Druvis

Skulte,  Māris  Kaijaks  and Pēteris Strubergs from responsibilities of

Supervisory Board members;

7. To elect Supervisory Board on 3-year term as follows: Māris Kaijaks,

Egils  Kiets, Ģirts Rungainis, Jānis Ādamsons, Aldis Āķis, Igors Skoks,

Vladimirs   Solomatins,   Oļegs   Stepanovs,   Zigurds  Vaivods,  Ivars

Muravskis, Vladislavs Skrebelis and Ivars Teišerskis.

8.  To determine 1 month remuneration fund amount for Supervisory Board

members in compliance with 2002 budget.