1. Approval of Company Annual Report for 2003

To  be  advised  on  Management  Board, Supervisory Board and auditor's

report.

To approve Annual Report for 2003.



2. Discharge of Management Board from liability for 2003 operations;

To  discharge  Guntis  Lipiņš,  Tamāra  Kampāne  and  Gints Feņuks from

liability for 2003 operations.



3. Approval of 2004 budget and operational plan;

To approve budget and operational plan for 2004.



4. Elections of certified auditor for the audit of 2004 accounts.

To elect Olga Millere (Licence #40) a certified auditor for 2004.



5. Conversion of Management Board shares;

To  convert  1000 registered non-voting shares, allocated to Management

Board, to 1000 registered voting shares.



6. Registration of Company at the Commercial Register;

To  register Company at the Commercial Register. The company registered

at  the Commercial Register will be a full successor of the present JSC

"VEF".



7. Approval of the new version of Charter;

To  convert  623,528  registered  shares  to 623,528 bearer shares with

voting rights.

To approve the new version of JSC "VEF" charter.



8. Revoking of Management Board;

To  revoke  Management  Board members Guntis Lipiņš, Tamāra Kampāne and

Gints Feņuks starting with April 7, 2004 due to company registration at

the Commercial Register.



9. Supervisory Board elections;



Due  to  Company registration at the Commercial Register and expiration

of  Supervisory  Board  mandate,  to  revoke  Supervisory Board members

Pēteris  Avotiņš,  Andris  Deniņš, Ints Kalniņš, Arnis Linde and Ilmārs

Putnis.

To  elect  to  Supervisory Board, mandate opening on April 6, 2004, the

following  members: Astrīda Burka, Pēteris Avotiņš, Andris Deniņš, Ints

Kalniņš, Ilmārs Putnis.



10. Setting compensation to the Supervisory Board.

Supervisory Board compensation pool is LVL 7,500 for a year