Akciju sabiedriba "VEF"

AGM Information • Apr 25, 2014

DECISIONS of Annual General Meeting of Shareholders of Joint Stock Company "VEF" held on 25 April 2014

1. The 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".

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

2. Approval of Annual report for the year 2013.

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.

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

3. Distribution of profit for the year 2013.

The net profit of the year of account of joint stock company "VEF" in the amount of 1 030 LVL use to cover losses of 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 2014 and determination of the remuneration for the auditor.

• 1) To elect sworn auditor Aleksejs Litvinov (licence No. 190) as auditor of the Annual Report of joint stock company "VEF" for the year 2014.
• 2) To determine the remuneration for the auditor for audit of the Annual Report of joint stock company "VEF" for the year 2014 in the amount of 1 549.51 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 2014.

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

Riga, April 09, 2014

The Management Board of JSC "VEF"