Riga Stock Exchange                                                 02.05.2005



Resolutions of JSC “VEF Radiotehnika RRR” AGM



1.	Management Board report on 2004 performance;

To approve.

2.	Supervisory Board report on 2004 performance;

To approve.

3.	Certified auditor’s report;

To approve.

4.	Approval of the Annual Report for 2004;

To approve the 2004 Annual Report with balance sheet total LVL 3,095,998.

5.	Distribution of 2004 profit;

- to transfer the profit made in 2004, LVL 43,827, to offset the previous years’ losses.

6.	Discharge of Management Board members from liability for 2004 operations;

To cancel the agenda item.

7.	Approval of the 2005 budget and business plan;

-	to approve the 2005 business plan and budget

Revenues:	LVL 2,109,300

Expenditures:	LVL 2,057,780

Profit:		LVL 51,521

8.	Elections of a certified auditor;

To elect Nelli Jermoļicka (license #102) a certified auditor for 2005 accounts.

9.	Compensation to the Management Board and Supervisory Board members;

-	to set compensation to Management Board members: LVL 500 per month per member;

-	to set compensation to Supervisory Board members: LVL 100 per attended board meeting 

per member.

10. Other business.



Unofficial translation by RSE