SAF Tehnika                                                          29.11.2004.



Information on JSC „SAF Tehnika” change registration in the Commercial Register



1.As CFO of the Company Aleksis Orlovs has been elected as member of the 

Board, the procuration given to A.Orlovs has been recalled. 



2.The Council of JSC „SAF Tehnika” Has been registered in the Commercial 

Register of Latvia. The Council was elected at the shareholder meeting on 

October 29, 2004. Chairman of the Council is Vents Lācars, Vice-Chairmen – 

Juris Ziema and Ivars Bergmanis, Members of the Council – Andrejs Grišāns and 

Ivars Šenbergs.



Information about new Council members:

Ivars Bergmanis – Suprema Securities’ Head of Research and is based in Tallinn,

Estonia. He joined the company in 2004 but has proactively developed extensive

business relationships within the Baltics while based in the global financial 

centre of London. Between 1995 and 2003 he worked for leading global bank, 

HSBC, in London.



Andrejs Grišāns - Production Department Manager of SAF. Mr. Grišāns has 20 years 

of experience in the engineering industry and is one of the founders of SAF. 

Prior to joining the Company, he owned and managed a private company specializing

in electronic equipment engineering, production and distribution.

A.Grišāns owns 99296 shares of the Company.



Ivars Šenbergs – from November 2004, Member of the Board of SIA „Juridiskais 

Audits” and Chairman of the Board of SIA „Namīpašumu pārvalde”. From 1999 

until 2000 worked as SIA „Fortek” Finance and Administrative Director.



3.Commercial Register of Latvia has registered the increase of share capital 

of the Company. The new share capital is 2970180.00 LVL.