Akciju sabiedriba "VEF"

AGM Information • Apr 11, 2016

Draft decisions of Annual General Meeting of Shareholders of JSC VEF held on 25 April 2016

Approved by the Management Board of JSC “VEF” on April 11, 2016

Revised by the Supervisory Council of JSC “VEF” on April 11, 2016

DRAFT DECISIONS of

Annual General Meeting of Shareholders of Joint Stock Company “VEF”

to be held on 25 April 2016

1. Reports of the Management Board, the Supervisory Council and the statement of the sworn auditor.

To take notice of the report of the Management Board, the report of the Supervisory Council and the statement of the sworn auditor of joint stock company “VEF”.

2. Approval of Annual report for the year 2015.

To approve the Annual Report of joint stock company “VEF” for the year 2013 prepared by the Management Board and revised by the Supervisory Council.

3. Distribution of profit for the year 2015.

The net profit of the year of account of joint stock company “VEF” in the amount of 34 947 EUR use to cover losses of previous years.

4. Election of the auditor for the audit of Annual Report for the year 2016 and determination of the remuneration for the auditor.

1) To elect sworn auditor Aleksejs Litvinovs (licence No. 190) as auditor of the Annual Report of joint stock company “VEF” for the year 2016.

2) To determine the remuneration for the auditor for audit of the Annual Report of joint stock company “VEF” for the year 2016 in the amount of 1 694 EUR, including taxes provided by the legislative acts.

3) To assign the Management Board of Joint Stock Company “VEF” to sign the contract with the elected auditor for audit of the Annual Report of joint stock company “VEF” for the year 2016.

5. On assigning to the Supervisory Council the execution of the tasks of the Audit Committee.

To assign the Supervisory Council of joint stock company “VEF” to continue to execute the assignment of Audit committee, defined in Law on Financial Instrument Markets.

6. Election of the Supervisory Council.

To elect in the positions of the members of the Supervisory Council of joint stock company „VEF” for three years, determining the beginning of the duties of the Supervisory

Council as of the April 26, 2016:

1) ___________________;

2) ___________________;

3) ___________________;

4) ___________________;

5) ___________________.

Riga, April 11, 2016

The Management Board of JSC „VEF”