JSC LATVIJAS KUĢNIECĪBA REPEATED EXTRAORDINARY GENERAL 

MEETING OF SHAREHOLDERS





Hereby JSC Latvijas kuģniecība informs that the following 

resolutions were passed by JSC Latvijas kuģniecība Repeated 

Extraordinary General Meeting of Shareholders held on 15 

November 2004:



1. Conversion of shares



1)To convert 10 000 (ten thousand) common registered shares 

without voting rights into 10 000 (ten thousand)dematerialised 

bearer shares, giving the bearer voting rights at the meetings 

of shareholders and the right to receive dividend and 

liquidation quota; to put the shares converted into circulation 

on the regulated market.



2)To convert 199 990 000 (one hundred and ninety-nine million 

nine hundred and ninety thousand) common registered shares into 

199 990 000 (one hundred and ninety-nine million nine hundred 

and ninety thousand) dematerialised bearer shares, giving the 

bearer voting rights at the meetings of shareholders and the 

right to receive dividend and liquidation quota.



3)To authorize JSC Latvijas kuģniecība Board of Directors to 

take all the required actions to effect item 1 and 2 hereof.



2. Registration of JSC Latvijas kuģniecība in the Commercial 

Register



To register JSC Latvijas kuģniecība in the Commercial Register. 

To resolve that all rights and obligations of JSC Latvijas 

kuģniecība, resolutions adopted by its managing bodies, as well 

as other circumstances relating to its business activity shall 

refer to JSC Latvijas kuģniecība  and remain effective also 

after JSC Latvijas kuģniecība registration in the Commercial 

Register.



3. Approval of the new Articles of Association 



1)To approve the new version of JSC Latvijas kuģniecība Articles 

of Association (on 4 pages).



2)To resolve that the new version of JSC Latvijas kuģniecība 

Articles of Association shall become effective from the day when 

registered in the Register of Enterprises of the Republic of 

Latvia (an administrative institution of the Commercial Register). 



3)To authorise JSC Latvijas kuģniecība Board of Directors to pass 

a decision in order to eliminate reasons for postponement or 

refusal to register JSC Latvijas kuģniecība in the Commercial 

Register, as stated in the decision of the Notary of the Register 

of Enterprises, by respectively amending the new version of JSC 

Latvijas kuģniecība Articles of Association, should the Notary of 

the Register of Enterprises of the Republic of Latvia 

(an administrative institution of the Commercial Register) resolve 

to postpone or decline entering JSC Latvijas kuģniecība into the 

Commercial Register, and should such postponement or refusal be 

due to the non-compliance of the new version of the Articles of 

Association with the legislative acts of the Republic of Latvia 

or other defects, and should the elimination of such defects not 

alter the scope of rights and obligations of the shareholders.



4. Miscellaneous



1) To authorize Chairman of JSC Latvijas kuģniecība Board of 

Directors, President Imants Vikmanis, p.c. 090832 - 10127:

•to sign an Application to the Register of Enterprises of the 

Republic of Latvia (an administrative institution of the 

Commercial 

Register) to register the resolutions passed by JSC Latvijas 

kuģnicība Repeated Extraordinary General Meeting of Shareholders 

in the Commercial Register;

• to attest to the correctness of the Excerpt from the Minutes of 

JSC Latvijas kuģnicība Repeated Extraordinary General Meeting of 

Shareholders; 

•to sign the repeated Application and/or complaint to the Register 

of Enterprises of the Republic of Latvia (an administrative 

institution of the Commercial Register), should the registration 

be refused.  



•To authorize Inese Minajeva, p.c. 181272-10132, to submit all 

the required documentation and supply the required explanations, 

if demanded, in order to register the resolutions passed by JSC 

Latvijas kuģnicība Repeated Extraordinary General Meeting of 

Shareholders in the Commercial Register, and to take out the 

documents from the Register of Enterprises of the Republic of 

Latvia (an administrative institution of the Commercial Register).