2004.01.08, Rīgas autoelektroaparātu rūpnīca, RIG

Repeated  extraordinary  general  meeting of shareholders of JSC "Rīgas

Autoelektroaparātu  rūpnīca"   took  place  on  October  29,  2003, and

resolved on the following:



1. To make changes to the Company Charter

The wording of Article 3.1 and 3.2 of the Charter shall be as follows:

3.1.  Company  share  capital  shall  be  LVL  3,265,367.40,  built  of

5,442,279  registered shares.  The nominal value of each share shall be

LVL  0.60.  The  company has 5,441,379 registered voting shares and 900

registered non-voting shares.

3.2 Company registered share capital shall be LVL 3,265,367.40.



2.  To  reduce  the  share in oder to make it adequate to the real-life

value.   Share  capital  will be deacreased by LVL 816,341.85, reducing

the  nominal  value of each share to LVL 0.60. After decrease the share

capital will be LVL 3,265,367.40, and will consist of 5,442,279 shares.