Riga Stock Exchange						14.10.2004



JOINT STOCK COMPANY SAF TEHNIKA DRAFT RESOLUTIONS OF ANNUAL SHAREHOLDER 

MEETING



1. Item of agenda 

The report of the board of directors

Decision to approve the report of the Board of Directors;



2. Item of agenda

The report of the Supervisory Council

Decision to approve the report of the Supervisory Council;



3. Item of agenda

The annual report

Decision to approve The annual report;



4. Item of agenda

The election of the Supervisory Council

Decision to ________________,  ________________,  ________________, 

_______________ and__________________ as members of the Supervisory Council 

for 3 year term;



5. Item of agenda

The election of the auditor

Decision to elect _________________ as the auditor of the Company for the next 

financial year. To authorize the Board of Directors to set the auditors fee. 



6. Item of agenda

Use of profit from the previous year of activity

1) Decision to pay part of the previous years profit 990060 LVL (ninety nine 

thousand and sixty Latvian lats) in dividends to the shareholders setting 

the amount of dividends 1 LVL (one Latvian lat) per share;



2) Decision to use part of previous years profit 1980120 LVL (one million 

ninety eight thousand and one hundred and twenty Latvian lats) to increase the 

share capital of the company and issue 1980120 shares with par value of each 

share is LVL 1.00 (one Latvian lat) as bonus shares divided proportionally 

among the stockholders.



2.1) Decision to approve amendment to the article 2.1.articles of association 

as follows:

The share capital of the Company shall be LVL 2’970’180.00 (two million nine 

hundred seventy thousand and one hundred and eighty Latvian lats) which 

consists of 2’970’180 ((two million nine hundred seventy thousand and one 

hundred and eighty) shares. All shares shall be issued as securities.



3) Decision to add part of previous years profit 950389 LVL (nine hundred 

fifty thousand and three hundred and eighty nine Latvian lats) to the reserve 

fund of the company.



7. Item of agenda

Other

1) To authorize with power to delegate authority Chairman of the Board of 

the Company Normunds Bergs to sign an Application to the Commercial Register 

Authority to register the resolutions and amendments of articles of association 

passed by the meeting of Shareholders in the Commercial Register, to ascertain 

an excerpt from the Minutes of this meeting, and to sign repeated application 

and / or complaint to the Commercial Register Authority in the case of Application 

for the Registry being declined.



2) To authorize legal adviser of the company Valdis Bergs to submit all the 

required documentation and supply the required explanations, if demanded, to 

register the resolutions passed by the meeting of Shareholders in the Commercial 

Register, and to take out the documents from the Commercial Register Authority.