JSC  "Rīgas  Rīgas kuģu būvētava" repeated AGM of shareholders was held

on August 5, 2003, and resolved on the following:



1)       To regard the share issue of 2002 as nul and void, and to make

respective amendments to the company Charter;



2)      To amend JSC "Rīgas kuģu būvētava" Charter;



3)       To issue a mandate to lawyer Sanita Lazdāne to pursue with all

the formalities in order to register the AGM resolutions at the Company

Register.