DECISIONS OF THE JSC „RĪGAS KUĢU ŪVĒTAVA” (RIGA SHIPYARD) JOINT STOCK ASSEMBLY

Dercisions:

1.To take into account the management message by results of 2006 year.

2.To confirm JSC „Rīgas kuģu būvētava”   2006 year annual report. 

3. To divide incomes of 2006 year.
     3.1.  The part of 2006 incomes 544439,00 LVL to divide, having paid
dividends LVL 0,02 for one share, sum total 233 442,14 LVL and the rest of sum
to enclose to develop of the enterprise. 
3.2. To appoint date of calculation of dividends to December, 12th, 2007,
payment to December, 19th, 2007. 
3.3. Established bonus fund for Council and Board on 5% from annual net profit.

4. Established fee of the Board of JSC “Rīgas kuģu būvētava”.
    4.1. Established fee of the Board of JSC “Rīgas kuģu būvētava” as follows:
chairman of the Board and depute of chairman of the Board 5000, - LVL per
month, other members of the Board 2500,- LVL per month. 
    4.2. Authorized amount of organizational charges of JSC “Rīgas kuģu
būvētava” the Board and the Board of Directors, including representations
charge and collateral fee to members of the Board, members of the Board of
Directors and Employers -  not over 3 % from turnover of enterprise. 

5. Approved  SIA “ORIENTS N”, LZRA license Nr.28 as JSC “Rīgas kuģu būvētava”
certified auditor company for the year 2007. 
Remuneration for the financial report audit for the year 2007 not more than
9000,-LVL 

6. Authorized the enterprise lawyer to arrange all documentation and formality
to register them at LR Enterprise Register. 


JSC “Rīgas kuģu būvētava” board of directors