16.07.2004, Daugavpils Lokomotīvju Remonta Rūpnīca, RIG

JSC  "Lokomotīve" extraordinary meeting of shareholders will convene on

August 4, 2004, at 15:30. at the address Marijas Street 1, Daugavpils.



Draft resolutions:

1. Change of company name:

To  renew  the  historical  firm  name  and  rename  the company as JSC

"Daugavpils  Lokomotīvju Remonta Rūpnīca" or abbreviation - A/S "DLRR".

Taking into account a significant export of production to CIS Countries

and  marketing activities in these markets, to name the firm in Russian

АО  "Даугавпилсский  Локомотиворемонтный  Завод"  or  abbreviation - АО

"ДЛРЗ"



2. Elections of Supervisory Board and auditor:

2.1.  taking  into account the fact that owner of 36,36% of the company

shares   is  the  Estonian  JSC  "Spacecom"  and  in  order  to  ensure

representation  of  its  interests,  the  new  shareholder  suggests to

release the current members of the Council and to elect a new Council.

2.2. to elect auditor for 2004 _______________.

3. Approval of the new version of the Charter:

To approve the new version of the Company Charter. 



4. Other business:

To  authorise  representatives  of  the  auditor  company MRI Revision:

_________________   to   carry   out   all  necessary  activities  when

registering   resolutions   of   the   shareholder   meeting,   signing

applications,  submitting  and  receiving registration documentation at

the  Commercial  Register, tax administration, as well as incorporating

necessary amendments in the above documents.