Riga Stock Exchange                                              30.09.2004



DRAFT RESOLUTIONS OF JSC "OGRE" EGM ON OCTOBER 4 (amended)



1.To reduce the share capital by offsetting the losses made in previous years

LVL 5,836,385.94) with share capital LVL 5,836,385.94, and by consolidating the shares.

2.To approve the rules for reducing “Ogre” share capital.

3.To approve the amendments to the Company Charter after reducing the share capital;

to authorise the Management Board to calculate the exact number of shares and the size

of share capital as of the date specified in Share Capital Reducing Rules.

4.To issue a mandate to Management Board member Juris Kimmels to register the

resolutions of the meeting with the Company Register. 

5.To issue a mandate to Management Board member Juris Kimmels to authorise any third

party to register the resolutions of the meeting with the Company Register.