Latvijas Krājbanka                                               28.10.2005



JSC “Latvijas Krājbanka” extraordinary shareholders meeting decisions



Decision  issue No 1 of the agenda “On amendments to charter of a/s Latvijas 

Krājbanka””



1.	To make amendments to charter of joint-stock company “Latvijas 

Krājbanka” as follows:



1.1.	To express Clause 5.5 in the new wording as follows:

“5.5 Shareholders meeting shall make a decision by a majority of votes of 

present shareholders with voting rights.

Decision on amendments to the charter, changes to the fixed capital, issue 

of convertible bonds, reorganization of the Bank, signing, amending or 

terminating of a concern agreement, inclusion of society, consent to include 

and termination or prosecution of activities, shareholders meeting shall make 

if there is at least three fourth of the votes of present shareholders with 

voting rights cast regarding these questions.”



1.2.	To express Clause 5.6 in the new wording as follows:



“5.6 Council consists of 6 (six) members. Council shall be elected for 3 years.”



1.3.	To express Clause 5.8 in the new wording as follows:



“5.6 Board consists of 6 (six) members”



1.4.	To complement Clause 5.13 with sub-points in the following wording:



-	fixation of amount of reimbursement (salary, premium and other 

reimbursements) for Bank’s board members.

-	fixation of amount of reimbursement (salary, premium and other 

reimbursements) for Head and employees of Bank’s Internal audit.”





1.5.	To exclude words “Regulations of Privatisations and Board decisions of 

Privatisation Agency” from Clause 5.14 and to express this Clause in the following wording:



	“5.14 Shareholders meeting, Council and Board are not entitled to make 

decisions that would be contrary to laws of the Republic of Latvia, binding 

regulations of Financial and Capital Market Commission and the Bank of Latvia.”





2. To authorized a/s “Latvijas Krājbanka” lawyer Ludmila Kutuzova to perform 

all activities necessary to register the meeting decision with the Commercial 

register of the Register of Enterprises, including: to certify accuracy of 

extracts/ photo copies of minutes, to sign application to the Register of 

Enterprises of the Republic of Latvia, to submit necessary documents to the 

Register of Enterprises, to provide necessary explanations in case such would 

be requested and to receive documents from the Register of Enterprises of the 

Republic of Latvia.

                                                      

                               







Decision  issue No 2 of the agenda “On election of Council of a/s “Latvijas 

Krājbanka””





1.  To revoke council members of joint-stock company “Latvijas Krājbanka” 

from the office before the end of the term: 



1.	Ilmārs  Razumovskis

2.	Laimonis Strujevičs 

3.	Vilis  Dambiņš

4.	Marita Vildava

5.	Maira Gūtmane

6.	Lolita Kronberga

7.	Ansis Sormulis 

8.	Vidaga Putniņa 

9.	Gundars Lācis  



2.    To elect council members of joint-stock company “Latvijas Krājbanka” 

for three-year term, setting October 28, 2005 as the first day of the term of 

office: 



1.	Aleksandrs Antonovs

2.	 Raimondas Baranauskas

3.	 Vilis Dambiņš

4.	 Veronika Doļenko

5.	 Naglis Stancikas

6.	 Oļegs Suhorukovs.                                                                                         





3.   To authorized a/s “Latvijas Krājbanka” lawyer Ludmila Kutuzova to perform 

all activities necessary to register the meeting decision with the Commercial 

register of the Register of Enterprises, including: to certify accuracy of 

extracts/ photo copies of minutes, to sign application to the Register of 

Enterprises of the Republic of Latvia, to submit necessary documents to the 

Register of Enterprises, to provide necessary explanations in case such would be 

requested and to receive documents from the Register of Enterprises of the Republic 

of Latvia.