Draft resolutions of general shareholders' meeting of joint stock company Ventspils nafta on July 30, 2009


Approval of Annual Reports for 2008


1. To take notice of the management and consolidated report of joint stock
company “Ventspils nafta” on operating results of 2008, the report of the
Supervisory Council for joint stock company “Ventspils nafta” and auditor's
opinions on reports for 2008. 

2. To approve the annual report of joint stock company “Ventspils nafta” for
2008 prepared in accordance with the Law on Annual Reports of the Republic of
Latvia (in appendix No.___). 

3. To approve the consolidated report of joint stock company “Ventspils nafta”
for 2008 prepared in accordance with the International Financial Reporting
Standards (in appendix No.___). 



Utilization of Profit of 2008


1. To transfer the profit of joint stock company “Ventspils nafta” (parent
company) amounting LVL 40,046,348 (forty million forty six thousand three
hundred forty eight Latvian lats) to the remaining reserves. 



Election of Auditor for Audit of Annual Reports for 2009


1. To elect audit firm “Ernst&Young Baltic” Ltd (commercial enterprise license
No. 17) as auditor of the annual report and consolidated annual report of joint
stock company “Ventspils nafta” for 2009. 

2. To authorize the Management Board for joint stock company “Ventspils nafta”
to conclude a contract with “Ernst&Young Baltic” Ltd on audit of the annual
reports of joint stock company “Ventspils nafta” for 2009, by fixing a
remuneration within the approved budget of 2009 of joint stock company
“Ventspils nafta”. 



Amendments to Articles of Association


1. To approve amendments to Articles of Association of joint stock company
“Ventspils nafta” (in appendix No. ___). 



Election of Audit Committee


1. To elect in the position of member of audit committee of joint stock company
“Ventspils nafta” for three years, by fixing beginning of term of office on
July 30, 2009: 
1) _________________, personal ID No. _________ - _________,  address:
___________; 
2) _________________, personal ID No. _________ - _________, address:
___________; 
3) _________________, personal ID No. _________ - _________, address:
___________. 
2. To fix annual remuneration fund of audit committee of joint stock company
“Ventspils nafta” within the budget of joint stock company “Ventspils nafta”,
by authorizing the Chairman of the audit committee to fix distribution of the
remuneration fund between audit committee members.