Riga Stock Exchange                                                        22.06.2005



Resolutions of JSC “OT Grupa” AGM of June 21, 2005



Subsequent to the request by shareholder SIA „Breyton Latvia”, the agenda item Approval 

of Annual Report for 2004 was suspended. 

-	to suspend the elections of auditor for 2005 till the meeting which approves the 

2004 Annual Report.

-	In case the arguments by SIA „Breyton Latvia”about the correctness of individual 

items of annual report are unjustified, to claim the losses incurred due to actions by  

SIA „Breyton Latvia”.

-	To decline the proposal by Supervisory Board to reduce the company capital by LVL 

7,230,947 (by reducing nominal value and merging), and to issue convertible bonds at total 

amount 3,600,000.

-	To decline the proposal by Supervisory Board to reduce the company capital by LVL 

7,230,947 (by reducing nominal value and merging), and to issue new shares at total amount 

3,600,000.

-	To restructure the company into technological textile manufacturing and finishing park; 

to auction the company assets; to cut costs by reducing maintenance costs and reducing number of 

jobs; to provide employment to the redundant staff; the proceeds from sale of assets to use for 

paying liabilities, the remaining amounts – to infrastructure improvements.



Unofficial translation by RSE