Ditton pievadkezu rupnica

AGM Information • Aug 14, 2009

Resolutions of the extraordinary meeting of shareholders

Today, on August 14th, 2009, the extraordinary meeting of shareholders of JSC "Ditton pievadķēžu rūpnīca" has taken place with the following agenda:

• 1. Election of the Council of the Company.
• 1. Determination of the remuneration for Council members.

The following decisions have been taken:

On the first item of agenda:

1.1. On the basis of Article 296 of the Commercial Law and notice of Council member G.Sorokins to the Company about resign from the position, to consider the authorities of the existing Council as terminated.

1.2. To elect the Council of the Company for the period of 3 years from the date of the election in the following composition: Boriss Matvejevs, Georgijs Sorokins, Inga Goldberga, Jevgenijs Sokolovskis, Anzelina Titkova.

1.3. To state that the newly elected Council has to elect from its composition the Chairman of Council and Deputy Chairman (Deputy Chairmen) of the Council till 19.08.2009.

1.4. To charge the Management Board of the Company to submit the application to the Commercial Register of the Register of Enterprises of Republic of Latvia for registration of changes of the Council composition.

On the second item of agenda:

Taking into account the global economic crisis, decrease of the Company's production volume, decision of the extraordinary meeting of shareholders from 09.01.2009, decision of the Council meeting from 14.08.2009, to state the following remuneration to the members of the Council:

• Chairman of the Council B.Matvejevs in the amount of 1,5 (one and a half) minimum monthly salary stated by the Regulation of Cabinet of Ministers of the Republic of Latvia per months;
• Deputy Chairman of the Council G.Sorokins without a remuneration in accordance with his written request;
• Deputy Chairman of the Council I.Goldberga in the amount of 1 (one) minimum monthly salary stated by the Regulation of Cabinet of Ministers of the Republic of Latvia per months;
• Member of the Council J.Sokolovskis in the amount of 1 (one) minimum monthly salary stated by the Regulation of Cabinet of Ministers of the Republic of Latvia per months;
• Member of the Council A.Titkova in the amount of 1 (one) minimum monthly salary stated by the Regulation of Cabinet of Ministers of the Republic of Latvia per months.

On behalf of the Management Board