During its regular meeting in December 2007, the supervisory council retired our board member Mr Bernd Preißler as of December 31 2007. Starting January 1 2008, Mr Armin Zieschank takes his place, whom the supervisory council unanimously elected member of the board. Mr Zieschank was born in Dresden in 1971. He studied at the commercial college in Leipzig, and graduated from the University of Leipzig as Diplom-Kaufmann. Since January 2006, Mr Zieschank has been director at our shareholding company, German P-D Glasseiden GmbH Oschatz. Earlier he was director at P-D Interglas Technologies S.A., a producer of glass fibre fabrics for electric insulation in Belgium. JSC Valmieras stikla šķiedra Controller Lauma Tjuniņa Phone +371 64202222 +371 26441429 Fax +371 64281216 lauma@vss.lv