For the attention of shareholders of „SAF TEHNIKA” JSC The Board of Directors of “SAF Tehnika” JSC (Reg.No.40003474109, legal address: 24a, Ganibu dambis, Riga, LV-1005, Latvia) informs that it convenes an extraordinary shareholders' meeting on 21st January 2009 at 11.00 a.m., at “SAF Tehnika” JSC administration conference room (24a, Ganibu dambis, Riga, Latvia). Agenda: 1. Decision on reduction of equity capital of the company buying out and cancelling company's stock. 2. Approval of the general terms of stock buy-out. 3. Authorization for the Board of Directors to perform all necessary actions for the buy-out of company's stock observing the general terms of stock buy-out and laws in force. Registration of participants will take place at the venue on the day of the meeting - 21st January 2009 - from 10.30 a.m. until 11.00 a.m. Shareholders can participate personally or delegate a representative. Shareholders who have blocked their shares have to present passport or other verifying document to register. Representatives of shareholders have to show legally binding power of attorney of the shareholder and passport or other verifying document to register. The template of the power of attorney is available in the webpage of “SAF Tehnika” JSC. Every shareholder, who wants to participate in the meeting, has to block his shares by the 14th of January 2009. Proposals regarding the agenda of shareholders meeting can be submitted from 7th of January 2009 at the Administration of JSC SAF Tehnika (24a, Ganibu dambis, Riga, Latvia) every business day from 9.00 a.m. until 5.00 p.m., but on the day of the meeting - at the place of registration - JSC “SAF Tehnika” administration conference room (24a, Ganibu dambis, Riga, Latvia). Draft resolutions of the meeting will also be available from the 7th January 2009. Aira Loite CFO +371 67 046 833 Aira.Loite@saftehnika.com