Akciju sabiedriba "VEF"

AGM Information • Apr 21, 2011

DECISIONS of Annual General Meeting of Shareholders of joint stock company "VEF" held on 21 April 2011

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

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

Voting results: decision is taken with the required majority of the votes.

2. Approval of Annual report for the year 2010.

To approve the Annual Report of joint stock company "VEF" for the year 2010 prepared by the Management Board and revised by the Supervisory Board.

Voting results: decision is taken with the required majority of the votes.

3. Distribution of profit for the year 2010.

The net profit of the year 2010 of joint stock company "VEF" in the amount of 22 256 LVL use to cover losses of the previous years.

Voting results: decision is taken with the required majority of the votes.

4. Election of the auditor for the audit of Annual Report for the year 2011 and determination of the remuneration for the auditor.

• 1) To elect sworn auditor Māra Līgute (licence No. 55) as auditor of the Annual Report of joint stock company "VEF" for the year 2011.
• 2) To determine the remuneration for the auditor for audit of the Annual Report of joint stock company "VEF" for the year 2011 in the amount of 1098 LVL, 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 2011.

Voting results: decision is taken with the required majority of the votes.

Riga, April 21, 2011

G.Feņuks Chairman of the Management Board T.Kampāne Member of the Management Board

Additional information Tamāra Kampāne Member of the Management Board Phone +371 67270618