DRAFT DECISIONS of Annual General Meeting of Shareholders of JSC “Latvijas kuģniecība” to be held on 28 April 2008

Approved by the Management Board of JSC “Latvijas kuģniecība” 
on 04 March, 2008 

Revised by the Supervisory Council of JSC “Latvijas kuģniecība” 
on 14 April, 2008

DRAFT DECISIONS of
Annual General Meeting of Shareholders of
Joint Stock Company “Latvijas kuģniecība”
to be held on 28 April 2008


1.Approval of Annual reports for the year 2007.

1)To take a notice of the reports of the Management Board, the Supervisory
Council and the sworn auditors of joint stock company “Latvijas kuģniecība”. 

2)To approve the following Annual Reports for the year 2007 of joint stock
company “Latvijas kuģniecība”: 
a.Annual Report for the year 2007 of joint stock company “Latvijas kuģniecība”
prepared in accordance with  the Companies Annual Reports Law of Republic of
Latvia; 
b.Consolidated Annual Report for the year 2007 of joint stock company “Latvijas
kuģniecība” and its subsidiary companies prepared in accordance with
International Financial Reporting Standards issued by the Management Board of
International Accounting Standards. 

3)The losses of the year of account of the holding company of joint stock
company “Latvijas kuģniecība” transfer into uncovered losses of previous years. 


2.Election of the auditor for the audit of Annual reports for the year 2008.

1)To elect audit company “Ernst & Young Baltic” SIA (commercial company licence
No. 17) as auditor of the Annual Reports of JSC “Latvijas kuģniecība” for the
year 2008. 

2)To authorise the Management Board of JSC “Latvijas kuģniecība” to sign
contract with the auditor for audit of the Annual Reports of JSC “Latvijas
kuģniecība” for the year 2008, determining the remuneration within the approved
budget of JSC “Latvijas kuģniecība” for the year 2008. 

Riga, 14 April, 2008

Chairman of the Management Board 							I.Sarmulis