Resolutions of  JSC Olainfarm AGM on July 27, 2002

JSC Olainfarm AGM on July 27, 2002 made following resolutions:

1. To accept Management Board report on 2001 operational results;

2. To confirm 2001 Annual report;

3. To discharge from responsibility for 2001 Management Board members;

4. To leave 2001 profit undivided for covering previous year loses;

1. To elect Egons Liepiņš ( certificate No. 28) as certified auditor;

6. To confirm 2002 budget;

7. To confirm plan of operations for 2001;

8.   To   revoke   Igors   Buimistrs   and   Jevgēnijs   Šarohins  from

responsibilities of Supervisory Board members and elected for remaining

term  Margarita  Samoviča  and Tatjana Lukina as members of Supervisory

Board. To confirm renumeration of Supervisory Board members;

9.  To  revoke  Andris  Jegorovs  from  responsibilities of Chairman of

Management  Board   and  member.  To  revoke  Jānis  Kalniņš  and Juris

Kaplinovs  from  responsibilities  of  member  of  Management Board. To

revoke  Viktorija Žuka from responsibilities of candidate to  member of

Management Board.

To  elect  as Chairman  and member of Management Board - Jenss Hoffman.

To   elect  Management  Board  as  follows:  Jurijs  Kaplinovs,  Andris

Jegorovs,  Aleksandrs  Černobrovijs,  Armands  Lapiņš, Inga Liščika and

Viktorija  Žuka.  To  elect  Irina  Sokova  as  candidate to  member of

Management Board.