JSC  "Rīgas  Transporta  flote" AGM of shareholders was held on June 9,

2004 and resolved on the following:

 1. To approve the Annual Report for 2003.

 2. To  discharge  the  members  of Management Board from liability for

    2003 performance.

 3. Distribution  of  profit  of 2003 in order to cover the accumulated

    loss of the previous years.

 4. To  approve  the  budget and operational plan for 2004 is available

    here .

 5. Registration   of   "Rīgas  Transporta  Flote"  in  the  Commercial

    Register.

    -  To register  the  Company  at  the  Commercial  Register without

    changes in name and business activities.

    - To convert 11 900 reserved stocks of the Management Board without

    voting  rights into registered shares with voting rights; ownership

    remaining to the members of Board.

    -  On  behalf of the Company, to authorize the Vice-president Olegs

    Kolosovs  to  sign an Application for submission the Company at the

    Commerce Register.

 6. To approve the amendments of the Company Charter in a new wording.

    To  authorise  the chairman of the Management Board, Olegs Kolosovs

    to sign the Company Charter.

 7. To elect the new members of Supervisory Board:

    - Mr. Joachim von Reiche - the chairman of Supervisory Board;

    - Mr. Elias Galanopulos - a member of Supervisory Board;

    - Mr. Wolfgang Zielke - a member of Supervisory Board;

    - Mr. Petros Tornaros - a member of Supervisory Board;

    - Mr. Emmanouil Mavrikakis - a member of Supervisory Board.

    The  list  with the members of Supervisory Board to be submitted to

    the Commerce Register until May 21, 2005.

 8. To elect a certified auditor Ēvalds Figurnovs (License Nr. 38).