Rigas Transporta Flote                                          14.06.2005



JSC "Riga Transport Fleet" General Shareholders' Meeting Draft Decisions



1. To approve the Annual report of jsc "RTF" for 2004 .

Appendix:         -  Assets and Liabilities of the jsc RTF .

                  -jsc"RTF"  Profit and Loss Statement for 2004 .

                  -jsc "RTF" Cash Flow Statement for 2004.

                  -jsc "RTF" Auditor's report .

                  -reports of the  Council and the  Board  .



2. To release Members of the  Board from responsibility for activity having

been done in 2004.



3. To use profit of 2004 , that is equal to USD 1 399 214  / LVL  757 955,

for the purpose to pay off losses of the past years .



4. To approve of the Budget for 2005 and the Business Plan for 2005 for the

jsc "RTF".

	

5. To elect the following persons as the Members of the  Council of JSC   “RTF”:

           1.	Mr.  Joachim von Reiche .

           2.	Mr.  Elias Galanopoulos .

           3.	Mr.  Wolfgang Zielke

           4.	Mr.  Petros Tornaros

           5.	Mr.  Emmanouil Mavrikakis.



6. To elect Mr . Evalds Figurnovs / licence No. 38 /  as the Auditor of jsc "RTF".



7. To empower  Mr. Oleg Kolosov to sign on behalf of the Shareholders all

Documents relating to the Annual Report of the Company and to  this Meeting.

To empower Mr. Vadims Kotshergins  and Mr. Vladimirs Sedihs to deliver on behalf of

the Shareholders all Documents, relating to this Meeting,  to the Business Register

of the Republic of Latvia.



Oleg Kolosov

JSC “Riga Transport Fleet” 

Vice- president