Riga Stock Exchange                                                              08.03.2005



Resolutions of JSC „Liepājas autobusu parks” Supervisory Board meeting



JSC „Liepājas autobusu parks” Supervisory Board meeting of March 2, 2005 resolved on the following: 



1.	Following Supervisory Board member Gvido Ķirsons’  resignation letter, to dismiss him from 

the Supervisory Boar member position. 

2.	To elect Armīns Henzelis a Supervisory Board member.  

3.	To register the changes in the Commercial Register. 

4.	To approve the 2004 budget performance and Chairman of Management Board R.Embutnieks’ report 

that the 2004 revenues, amounting to LVL 2,835,461, exceed the forecast by LVL 132,461. Expenditures 

are LVL 2,747,775, which is by LVL 44,775 more than the planned. The fuel price increase largely 

accounts for the expenditure increase. 

5.	To approve the 10-year investment plan drafted by the Management Board. The target is to 

upgrade up to 50% of the vehicle pool.  

6.	To be advised on the progress in privatization of 2 land plots.