OREANDA-NEWS. Decisions of Annual Shareholders’ Meeting of JSC “Latvijas kugnieciba” held on July 25, 2013.

1. Approval of annual reports for the year 2012.

To take a notice of the report of the Supervisory Council, of the report of the Audit Committee and of the Corporate Governance Report for 2012 of joint stock company “Latvijas kugnieciba”.

To approve the Annual Report of joint stock company “Latvijas kugnieciba” for 2012 (appendix No. ____).

To approve the Consolidated Annual Report of joint stock company “Latvijas kugnieciba” for 2012(appendix No. ____).

Voting results: decision is taken with the required majority of the votes.

2. Distribution of the profit for the year 2012.

The profit of joint stock company “Latvijas kugnieciba” (parent company) of 2012 in the amount of 73 939 LVL (seventy three thousand nine hundred thirty nine lats) use to cover loses of previous periods.

Voting results: decision is taken with the required majority of the votes.

3. Election of auditor for the audit of annual reports for the year 2013.

To elect audit company „PricewaterhouseCoopers” Ltd. (commercial company licence No. 5) as auditor of the annual reports of joint stock company “Latvijas kugnieciba” for the year 2013.

To authorize the Management Board of joint stock company “Latvijas kugnieciba” to conclude a contract with „PricewaterhouseCoopers” Ltd. on audit of the annual reports of joint stock company “Latvijas kugnieciba” for 2013, by fixing a remuneration within the approved budget of 2013 of joint stock company “Latvijas kugnieciba”.

Voting results: decision is taken with the required majority of the votes.

4. Amendments to the Articles of Association.

To approve amendments to Articles of Association of joint stock company “Latvijas kugnieciba” (appendix No. ____).

Voting results: decision is taken with the required majority of the votes.