1.  To  approve Management Board report on 2003 performance, and Annual

Report for 2003.

2. To be advised on audit firm ,,Ernst & Young " report.

3. To approve 2003 profit distribution:

To  pay  dividends  LVL  0.005 per share. June 10, 2004 is the dividend

record  date.  To  spend  the  non-distributed  profit  to  offset  the

potential  losses  from disposal and revaluation of redundant buildings

and equipment.

4. To discharge Management Board from liability for 2003 operations.

5. To revoke Supervisory Board members from their positions.

6. To re-register company in the Commercial Register.

7. To approve the new version of Charter.

8. To elect Supervisory Board of 5 members: Uldis Mierkalns (Chairman),

Lolita Burkovska, Jānis Leimanis, Parham Pouladdej, Arnis Gromovs.

9. To resolve that Supervisory Board shall not be compensated for their

work as board members.

10. To approve operational plan and budget for 2004:

  Revenue side: LVL 2,527 thousand

  Expenditure side: LVL 2,665 thousand

  Losses: LVL 138 thousand

The  losses  are  expected  from  disposal and revaluation of redundant

buildings and equipment.

11.  To  convert  2,000  Management Board shares into registered voting

shares.

12.  To  approve  Ginta  Jaunzeme (licence #16) a certified auditor for

2004.

13. To be advised on the ongoing litigation with ,,Latvijas valsts meži

".

14.  To  issue  a  mandate  for  communicating  with  Company  Register

regarding the AGM resolutions.

15. To continue "Strenču MRS" listing on the RSE Free list.