SAF Tehnika

Pre-Annual General Meeting Information • Oct 27, 2011

Joint Stock company "SAF Tehnika" Reg. No 40003474109 Ganibu dambis 24a, Riga, LV1005

DRAFT RESOLUTIONS FOR ANNUAL SHAREHOLDER MEETING TO BE HELD ON 10TH NOVEMBER 2011

1. Reports of the Board of Directors and Supervisory Council. Decision: Approve the reports of the Board of Directors and the Supervisory Council for financial year 2010/2011.

2. Approval of the annual report and release of the Board of Directors from responsibility for financial year 2010/2011.

Decision: Approve the annual report and release the Board of Directors from responsibility for financial year 2010/2011.

1. Decision on the use of company's profit.

Decision: Pay dividends in amount of LVL 0.23 (twenty three santims) par share or altogether LVL 683 141.40 (six hundred eighty three thousand one hundred forty one lats and forty santims), but the remaining profit from financial year 2010/2011 and retained earnings from previous financial years – altogether LVL 1 915 331.60 (one million nine hundred fifteen thousand three hundred thirty one lats and sixty santims) – keep as company's retained profits.

1. Appointment of the auditor.

Decision: Appoint KPMG Baltics SIA as the auditor of the company for the next 2011/2012 financial year and to authorize the Board of Directors to agree upon auditors' fee.

Aira Loite CFO +371 67 046 833 Aira.Loite@saftehnika.com