On  September  7,  2001, JSC "Olainfarm" repeated extraordinary General

Meeting  of  Shareholders,  under  the  agenda  item  "Other business",

discussed the issue of setting up reserves. It was resolved to set up a

reserve  from  the  revenues  from  capital  participation  in  company

"Olainfarm  USA",  in the procedure stipulated by normative acts of the

Republic of Latvia.

The issue of increasing share capital was discussed. It was resolved to

increase  the  share  capital  by  LVL 1,521,940, via a closed issue of

common  registered  voting  shares,  and  to  approve the rules for the

closed  share issue. In association with the resolution to increase the

Company  share  capital, the issue of amendments to JSC "Olainfarm" was

discussed,  and  it  was  resolved  to  approve  the  amendments to the

Charter.