SAF Tehnika

AGM Information • Jul 12, 2010

Joint Stock company "SAF Tehnika" Resolution adopted at the extraordinary Shareholders' Meeting on 12th July 2010

Shareholders' meeting has elected as the members of the Supervisory Council the following persons:

1. Vents Lācars

Vents Lacars, born in 1968, previously holding the office of the Chairman of the Supervisory Council and being the Vice-President Business Development of the Company. Before co-founding the Company, from 1992 to 1999, he worked for SIA Fortech, where throughout his career he held positions of programmer, lead programmer, manager and project manager in the networking department. From 1990 to 1992 V.Lacars worked as a programmer at state electric utility company Latvenergo. V.Lacars has studied in University of Latvia in Faculty of Physics and Mathematics. V.Lacars owns 180 546 Company's shares.

2. Juris Ziema

Juris Ziema, born in 1964, co-founder of the Company, also previously holding the office of Vice-Chairman of the Supervisory Council and being the Production Department Director of the Company. From 1998 to 1999 he worked as an engineer at Didzis Liepkalns' private enterprise SAF. From 1987 to 1999 J.Ziema worked as an engineer at the Institute of Electronic Engineering and Computer Sciences. J.Ziema has graduated Riga Technical University with a degree in radio engineering in 1987. J.Ziema owns 258 762 Company's shares.

3. Andrejs Grišāns

4. Ivars Šenbergs

Ivars Šenbergs, born in 1962, also previously holding the office of the Member of the Supervisory Council in the Company and being the Chairman of the Board of SIA Juridiskais Audits and SIA Namīpašumu pārvalde. From 1999 to 2000 he worked as Finance and Administrative Director for SIA Fortech. I.Šenbergs has graduated Faculty of Law, University of Latvia. I.Šenbergs does not own Company's shares.

5. Juris Imaks

Juris Imaks, born in 1971, worked for VAS "Latvijas Hipotēku un zemes banka" from 1997 up to 2002 as the Head of the Securities trading department. J.Imaks held the office of the Member of the Supervisory Council in the Regulator of public services of the Riga municipality (2005-2007), SIA "Rīgas nami" (2005-2009), AAS "RSK" (2007-2009), but in SIA "Latvijas Garantiju aģentūra" he held the office of the Chairman of the Supervisory Council (2008-2009). J.Imaks has graduated University of Latvia, Faculty of Economics and Management in 1994 as the Engineer-Economist, but in 2004 reached the Master's degree in Business Management. J.Imaks does not own Company's shares.

Detailed information on the shareholders' meeting will be published within two weeks on JSC "SAF Tehnika" website www.saftehnika.com.

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