Draft  resolutions  of JSC "VEF Radiotehnika RRR" extraordinary meeting

of shareholders, to convene on July 21, 2004:

 1. Registration of the company in the Commercial Register



 1. To register JSC "VEF Radiotehnika RRR" in the Commercial Register.

 2. To  convert  10  000  reserved  stocks of the Management Board into

    registered  shares  with  voting rights; nominal value per share is

    LVL 1 .

 3. To  approve  ownership  to the members of Board: Eduards Maļejevs -

    3,334  shares,  Jurijs Malejevs - 3,333 shares, Inga Sprūga - 3,333

    shares.



  Approval of the Company Charter

 1. To approve the JSC "VEF Radiotehnika RRR" Charter

 2. To  authorise members of the Management Board to sign the Company's

    Charter.



  Changes in the composition of the Council

 1. To release the Council

 2. To approve results of elections of the Council members.

 3. To set compensation for members of the Council



  Restructurisation of fixed assets

 1. To  assign the Council to dispossess a real property "Albatross" in

    Engure municipality, Tukuma district, according to law.



  Others