1.  Approval of Annual Report and discharge of Management Board members

from liability for 2003 operations

To  approve  Annual  Report  for 2003 and to discharge Management Board

members  Johan  Bohman,  Pertti  Heiskanen  and Per Vidar Bredesen from

liability for 2003 operations.



2. Distribution of 2003 profit

To  distribute  the 2003 profit LVL 10,438, and undistributed profit of

LVL  347,647, made over 1995-2002, altogether amounting to LVL 358,085,

as follows:

-  To  use  the 2003 profit of 10,438 for covering a part of the losses

made in 2002;

- Not to pay any dividends.

-  To  retain  the  profit  of  LVL  347,647, earned over 1995-2002, as

undistributed profit.

3. Approval of budget and operational plan for 2004

To approve the budget and operational plan for 2004.



4. Decision on entering JSC "Rīgas Raugs" into Commercial Register

To register "Rīgas raugs" at the Commercial Register.



5. Conversion of Management Board shares into regular voting shares

To  convert  the  paid  in  Management Board shares into regular voting

shares.



6. Approval of the new Charter

To approve the new version of the Charter.



7.  Revoking of Supervisory Board and Management Board members from the

positions

To  revoke  Supervisory  Board members Halvor Liodden, Tommy Stromstad,

Juha  Yla  -  Antilla,  Harald  Relander and Pentti Heinonen from their

positions;  to  revoke  Management  Board  members Johan Bohman, Perrti

Heiskanen and Per Vidar Bredesen from their positions.



8. Supervisory Board elections

To  elect  to  Supervisory  Board: Juha Yla - Antilla (Chairman), Johan

Bohman,  Pentti  Heinonen,  Per  Vidar Bredesen, Pertti Heiskanen, Arne

Bernt Dahle.



9. Compensation to Supervisory Board

Not to set any compensations for Supervisory Board members.

10. Management Board elections

To  elect  to  Management  Board:  Varis  Peisenieks  (Chairman), Jānis

Skalbe, Ilze Garanča



11. Compensation to Management Board

To set compensation to Management Board members LVL 4,800 per year.