2004.04.14, Daugavpils Lokomotīvju Remonta Rūpnīca, RIG

JSC "Lokomotīve" AGM of shareholders of April 20, 2004, resolved on the

following:



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

Report;



2. Discharge of Management Board members Emīls Bušs, Vladimirs Žarkovs,

Vladimirs   Peskovs,   Bernardeta  Golovaņa,  Tadeušs  Gržibovskis  and

Sergejs Avsjuks from liability for 2003 operations;



3.   To   approve  2004  budget  and  operational  plan.  To  authorise

Supervisory Board to review the progress and to make adjustments to the

budget, if necessary.



4. To elect Aivars Putniņš (licence #123) from audit firm "INVEST-RĪGA"

a certified auditor for 2004.



5. To register Company at the Commercial Register.



6. To approve the conversion of Management Board shares and to agree to

the transfer to Management Board members.



7. To approve the new version of the Charter.



8.  To  approve a Supervisory Board of 5 members, with mandate expiring

on   23.11.2004   Pjotrs   Savostjanovs,  Jeliza  Čuprakova,  Valentīns

Gradovskis, Česlavs Geikins, Gaļina Alijeva.



9.  To  charge Supervisory Board with the task to extend the Management

Board mandate till 2004.23.11.



10. To charge Management Board with the task to sign the application to

Commercial Register

11.  To  charge  Company  President  with  the  task  to  implement all

resolutions  of  the  AGM  (with  regard to Company registration at the

Commercial Register