Decision Plans According to the Shareholders Meeting of the JSC "Liepājas metalurgs"

On April 28, 2007 JSC "Liepājas metalurgs" conducted the shareholders meeting
in the following order: 

1)JSC "Liepājas metalurgs" Council announcement for the results of the year
2006 operations. 
2)JSC "Liepājas metalurgs" year 2006 financial statements approval.
3)Free the JSC "Liepājas metalurgs" Board and Council from bearing the
responsibilities for the year 2006 operations. 
4)JSC "Liepājas metalurgs" year 2006 profit distribution.
5)JSC "Liepājas metalurgs" year 2007 budget approval.
6)Miscellaneous.

Decision plans:
1)According to the order of the day, JSC "Liepājas metalurgs" Chairman of the
Board V. Terentjev discloses the report regarding the JSC "Liepājas metalurgs"
operating activities for year 2006. 
2)Approve the JSC "Liepājas metalurgs" financial reports for year 2006 and
consolidated reports for year 2006. 
3)To free the members of the Board and Council from being held responsible for
the year 2006 operations. 
4)Put the JSC "Liepājas metalurgs" year 2006 profit of 9 469 000 LVL (EUR 13
473 173) into productions development. 
5)Approve the year 2007 budget, in which the income is forecasted in the level
of 179 910 000 LVL (EUR 255 988 867), expenses as 178 818 000 LVL (EUR 254 435
091), and profit as 1 091 000 LVL (EUR 1 552 353). 


JSC "Liepājas metalurgs"
Chairman of the Board
/V.Terentjev/
13.04.2007