Minutes No.2/10 of the extraordinary meeting of JSC “VEF RADIOTEHNIKA RRR” 3 Kurzemes prospekts, Riga August 26, 2010, 4 pm. Based on the decision of the Board of JSC “VEF Radiotehnika RRR” about holding the meeting of shareholders which has been published in newspapers ”Latvijas Vēstnesis” on July 27 No.117 and “Diena” on July 28 No 169(5814) in writing let known to shareholders registered in the shareholders' register E.Malejevs, I.Spruga, “Baltlains Intern “, J.Malejevs, V.Mihailovins, SIA, State Social Security Agency the meeting is declared open Chairman of the Board Mr. Janis Salenieks opens the meeting. Chairman of the Board Mr. Janis Salenieks informs that according to the registration data shareholders or their authorized persons are present at the meeting, which makes owners of 2214847 shares with a right of voting and which makes 86.89 % of paid statute capital. Registration of shareholders has been done in accordance with list approved by Central Latvian Depository and listings of closed share emissions. Registration documents with signatures of representatives of shareholders and their authorized persons have been attached to the copy of minutes kept in the JSC. Paid statute capital of JSC is LVL 2 549 084. The meeting is legitimate and can start discussing the subjects included in the agenda. On behalf of the Board speaker of the meeting Mr.J.Salenieks announces the list of shareholders present at the meeting: E.Maļejevs, J.Malejevs, V.Mihailovins, authorized representative of ”Baltlains.Intern” SIA M.Rudaks. Present at the meeting: Chairman of the Council J.Salenieks; Members of the Council: J.Malejevs, I.Spruga, A.Smiltniece, V.Mihailovins. Members of the Board: Chairman of the Board - E.Maļejevs, members of the Board -G.Lacis, J.Voins. With 100% of the votes of shareholders present the decision has been taken: - to elect authorized representative of ”Baltlains.Intern” Mihails Rudaks With 100% of the votes of shareholders present the decision has been taken: - to elect Janis Salenieks as the speaker of the meeting. With 100% of the votes of shareholders present the decision has been taken: - to Inga Spruga as the secretary of the meeting. With 100% of the votes of shareholders present the decision has been taken: - to elect shareholder Eduards Malejevs and to elect authorized representative of ”Baltlains Intern” Mihails Rudaks - as authorized signatures of the minutes of the meeting. Chairman of the meeting announces the agenda of the meeting: 1. Report of the Board of JSC "VEF Radiotehnika RRR” on the economic-financial activities in the first half of year 2010. 2.Fulfillment of the decisions of JSC "VEF Radiotehnika RRR" October 6, 2005 and April 25, 2008 shareholders meetings on improvement of organizational structure and rational utilization of non-core assets. 2. Report of the Board of JSC "VEF Radiotehnika RRR” on the economic-financial activities in the first half of year 2010. With 100. % of voting shareholders present votes for the decision: Note the board a report on economic-financial activities in the first half of year 2010. 2.Fulfillment of the decisions of JSC "VEF Radiotehnika RRR" October 6, 2005 and April 25, 2008 shareholders meetings on improvement of organizational structure and rational utilization of non-core assets. With 100 % Of voting shareholders present votes for the decision: 2.1. Recognize that the board are fulfilling the task of meeting the given non-core assets sales to cover the loan debt, develop production and to supplement working capital and on. 30.october,2009 has sold building cadastral number 01005800207 and has exercised these activities in strict compliance with the competence of Commercial Society institutions and the existing situation in the real estate market. The obtained funds were diverted to the credit agreement Nr.KD06369 deleting A / S SEB bank. 2.2. Approve Public Board and the Board's decision on the real estate cadastre with Nr.01000802327 sale for an amount of 600000 EUR, channeling funds to the loan commitment.. 2.3. Ask the company to continue work to optimize spending and utilise illiquid assets, causing losses. Speaker of the meeting: J.Salenieks (signature) Secretary I.Spruga (signature) Confirm adequacy of the minutes: Eduards Malejevs(signature) Authorized representative of ”Baltlains.Intern” Mihails Rudaks (signature) “Minutes are adequate” Chairman of the Board JSC “VEF Radiotehnika RRR” E.Malejevs _____________________________ Riga, August 26, 2010