Olainfarm

Date: 20.07.2006 - 14:52 (GMT+3) , Exchange: RIG , Company: Olainfarm

OLF: Draft decisions of JSC “Olainfarm” Annual shareholders meeting (supplemented)

JSC “Olainfarm”							20.07.2006.

Draft decisions of JSC “Olainfarm” Annual shareholders meeting convened on July 31st, 2006

(supplemented point number 6)
Draft decisions of JSC “Olainfarm” Annual shareholders meeting convened on July 
31st, 2006:

1.	Management Board’s report on results of activity in year 2005.
Draft resolution:
Accept to the knowledge report of the Management Board concerning results of 
activities in year 2005.

2.	Approval of JSC “Olainfarm” audited Annual Report of year 2005.
Draft resolution:
To approve the JSC “Olainfarm” audited Annual Report of year 2005.

3.	Approval of audited Consolidated Annual Report of year 2005.
Draft resolution:
To approve the audited Consolidated Annual Report of year 2005.

4.	Concerning disposition of the profit for year 2005
Draft resolution:
To direct profit of JSC “Olainfarm” of year 2005in amount of Ls 346 424 to cover 
the losses of the previous years.

5.	Election of certified auditor for year 2006.
Draft resolution:
To elect SIA „Ernst & Young Baltic” to be the certified auditor of JSC „Olainfarm” 
for year 2006 (licence Nr.17).

6.	Management Board’s report on budget and activity plan for year 2006.
Draft resolution:
Accept to the knowledge report of the Management Board concerning budget and activity 
plan of JSC “Olainfarm” for year 2006 which presupposes that turnover of the company 
in  year 2006 will reach 16,1 mln. Ls, but profit of the Company will amount to 0,95 
milj. Ls.

7.	Concerning changes in the Council.
Draft resolutions:
7.1. To release Zigurds Jeromanovs from the position of the member of Council of 
JSC „Olainfarm”.
7.2. Elect the Council of JSC “Olainfarm” for the following three years term, 
authorization term of the Council starting on July 31st, 2006, as follows:
1. Juris Savickis
2. Tatjana Lukina
3. Ivars Kalviņš
4. Eļena Dudko
5. Guntis Belēvičs
6. ________________


8.	For remuneration of the Council members.
Draft resolutions:
To establish the total monthly remuneration of the Council members in amount of Ls 13400.

9.	Approval of new edition of the Statutes.
Draft resolution:
To approve the Amendments of JSC „Olainfarm” Statutes and the new edition of the Statutes.

10.	Concerning transposition of the JSC „Olainfarm” shares to the Official list.
Draft resolution:
To oblige the Management Board to prepare before December 31st, 2006, and submit 
to Riga Stock Exchange all the necessary documents and carry out all the necessary 
activities to transpose shares of JSC „Olainfarm” from Riga Stock Exchange Second 
list to the Official list.

11.	Miscellaneous.

Olaine,  July 20th, 2006.

Prepared by 
Viktorija Žuka-Ņikuļina
Head of Legal department
Phone: +371 7013 870, +371 9473980
Fax: +371 7013 777
vzuk@olainfarm.lv