Liepajas metalurgs                                    20.06.2005



Decissions of AGM of shareholders of JSC Liepajas metalurgs



We would like to announce that the annual general meeting of stockholders of 

the Joint -stock company "Liepājas metalurgs" took the place in the “Culture 

and sports complex of Liepaja’s city” Jelgavas Street 39 on June 18th, 2005 at 

10:00 am. In the meeting took part stockholders, who represented 14 857 947 stock, 

or 87,4% stock capital.



Order of the day:



1.Report of Council and Board about the annual accounts of year 2004.

Decision – For knowledge.



2.Approval of statement 2004 and consolidate statement. 

Decision – to approve the statement 2004.



3. Profit distribution. 

Decision – to shift the profit of year 2004 Ls 4 468 263 on development 

of manufacture.

                 

4. Release of Council and Board Members from the liability.

Decision – to release from the liability Council and Board Members for 

activities in year 2004.

 

4. Approval of budget 2005. 

Decision – to approve budget 2005 (proceeds Ls – 138 809 718, 

exes Ls – 137 861 241, profit - Ls 948 477 milj.)



5. Election of Certified auditor.

Decision – to elect auditors firm A/s ``BDO Invest Rīga`` to do certified 

auditors functions.



M. Pomerancis

Attorney at law