30.04.2003, Ditton pievadķēžu rūpnīca, RIG

JSC  "Ditton  pievadķēžu rūpnīca" AGM of shareholders was held on April

28, 2003. Resolutions:

1. To approve Annual Report for 2002 as submitted by Management Board;

2. To approve the key figures for operational plan, budget and business

directions for 2003;

3. To assess Management Board performance in 2002 and between January 1

and  April  28,  2003  as  satisfactory;  to discharge Management Board

members  Eduards  Zavadskis, Aleksandrs Krupeņko, Volds Juhno, Natalija

Redzoba  and  Raimonds  Bruževičs  from liability for operations in the

said period;

4. To retain the profit of LVL 35 413 in the company, to be transferred

to production development;

5.   To   elect   Company  auditor  Valda  Zītare  (certified  auditor,

certificate #62), an employee of audit firm "Invest-Riga", with her own

consent.

6.1  To register JSC "Ditton pievadķēžu rūpnīca" at Commercial Register

of the Republic of Latvia.

6.2  To  approve  the  Rules  for  Conversion  of  Shares Earmarked for

Management  Board  and  to  approve  the transfer of the said shares to

natural   persons   E.Zavadskis,   A.Krupeņko,  V.Juhno,  N.Redzoba  un

R.Bruževičs  pursuant  to  the  resolution of Supervisory Board and the

requests of the above persons;

6.3  To  approve  Rules  for  Conversion  of Shares in a uniform form -

bearer shares;

6.4  To  approve  amendments  to  the  Charter  that  are necessary for

registering Company at the Commercial Register;

6.5  To  approve  the  merged version of Charter for registering at the

Commercial Register;

6.6 To approve the following changes to Company Supervisory Board:

6.6.1  To revoke Aleksandrs Mirskis from Supervisory Board on the basis

of his resignation letter;

6.6.2 To revoke I.Mlijevska from the Supervisory Board Member Candidate

position on the basis of resignation letter, Commercial Law and Company

Charter;

6.6.3 To elect a new Supervisory Board of five members for a three year

term (ending on April 28, 2006) and starting with elections at the AGM;

6.6.4  To  elect  the  following  Supervisory Board members: Vladislavs

Drīksne, Georgijs Sorokins, Pjotrs Sevostjanovs, Jevgēnijs Grinkins and

Vitolds Vasilenoks with the consent of the persons and the guarantees;

6.6.5  To  charge  the newly elected Supervisory Board with the task to

carry  on  the  chairing  of  the  meeting  and  to  elect  Chairman of

Supervisory Board and Deputy Chairman;

6.7   To   charge   the   newly  elected  Supervisory  Board  with  the

responsibility  to re-elect the Management Board or to elect a new one;

to  elect a new Chairman of Management Board or to extend the authority

of  the  present Management Board Chairman, and to set Management Board

service term of three years;

6.8  To  charge  Management  Board  with the responsibility to sign the

registering  Company  at  the  Commercial  Register  of the Republic of

Latvia;

6.9  To  charge Company President with the responsibility to assure all

the  required  official procedures in the context of the AGM resolution

to  register  the Company at the Commercial Register of the Republic of

Latvia.