On  July  23 JSC "Olainfarm" general meeting of shareholders passed the

following

1. Management Board report on operations in 2000 was heard;

2. Annual Report for 2000 was approved;

3.  Management  Board  members  were discharged from responsibility for

year 2000 op

4. The profit made in 2000 will be reinvested in production;

5. Egons Liepiņš was appointed a certified auditor of the company;

6. The budget for 2001 was approved;

7. The business plan for 2001 was approved;

8.  General  meeting  of shareholders will convene repeatedly on August

17, 2001, a      1. increase of share capital;

     2. amendments to the company Charter;

     3. other business.