JSC  "Liepājas  metalurgs"  shareholders  general meeting on April 20,

2002 made following resolutions:

1. To approve 2001 Annual report;

2. To discharge Management Board members from responsibility for 2001;

3.  To  distribute  profit  for  2001  as  follows: 5% or LVL 21 492 to

reserves, 95% or LVL 408 359 for covering loses of previous periods;

4.  To  confirm  budget for 2002 as follows: revenues - LVL 71 327 063,

expenses - LVL 69 546 159, profit - LVL 1 780 904;

7.  To make amendments to company's charter. Company's registered share

capital now is LVL 14 176 033;

5. To elect as certified auditor for 2002 Auditor company "BDO Invest -

Rīga".