Riga Stock Exchange                                                                15.04.2005



Draft resolutions of JSC “VEF Radiotehnika RRR” AGM



1.	Management Board report on 2004 performance;

- to be advised.

2.	Supervisory Board report on 2004 performance;

- to be advised.

3.	Certified auditor’s report;

- to be advised.

4.	Approval of the Annual Report for 2004;

- to approve the 2004 Annual Report with balance sheet total LVL 3,123,647.13

5.	Distribution of 2004 profit;

- to transfer the profit made in 2004, LVL 45,622, to offset the previous years’ losses.

6.	Discharge of Management Board members from liability for 2004 operations;

To discharge Management Board members from liability for 2004 operations.

7.	Approval of the 2005 budget and business plan;

-	to approve the 2005 business plan and budget

Revenues:	LVL 2,109,300

Expenditures:	LVL 2,057,780

Profit:		LVL 51,521



8.	Elections of a certified auditor;

To elect Nelli Jermoļicka (license #102) a certified auditor foe 2005 accounts.

9.	Compensation to the Management Board and Supervisory Board members;

-	to set compensation to Management Board members: LVL 500 per month per member;

-	to set compensation to Supervisory Board members: LVL 100 per attended board meeting 

per member.

9. Other business.