Resolutions of Annual General Meeting of Shareholders of

The Annual General Meeting of shareholders of joint stock company “Rigas Raugs”
was held on April 11, 2007. The meeting resolved following resolutions: 


1.	On the first item of the Agenda „The Reports of the Management Board, the
Supervisory Board and the statement of the sworn auditor”: 

To take notice of the report of the Management Board, the report of the
Supervisory Board and the statement of the sworn auditor of joint stock company
“Rigas Raugs”. 


2.	On the second item of the Agenda „ Approval of Annual reports for the year
2006”: 

To approve the following Annual Reports for the year 2006 prepared by the
Management Board of JSC “Rigas Raugs” and revised by the Supervisory Board of
JSC “Rigas raugs”: 
1)	Annual Report for the year 2006 of JSC “Rigas Raugs”;
2)	Consolidated Annual Report for the year 2006 of JSC “Rigas Raugs”.


3.	On the third item of the Agenda „Distribution of profit for the year 2006”:

1)	To approve the net profit of JSC „Rigas Raugs” for the year 2006 in the
amount of 45 654 LVL. 

2)	The profit for the year 2006 in the amount of LVL 45 654 and undistributed
profit for the previous years in the amount of LVL 726 totally LVL 46 380 or
LVL 0.06 per one share to pay in dividends, determining August 23, 2007 as the
record date of dividends' calculation and August 30, 2007 as the date of
dividends' payment. 


4.	On the fourth item of the Agenda „Election of the auditor for the audit of
Annual Reports for the year 2007 and determination of the remuneration for the
auditor”: 

1)	To elect audit company “Ernst & Young Baltic Ltd.” SIA (commercial company
licence No. 17) as auditor of the Annual Reports of JSC “Rigas Raugs” for the
year 2007. 

2)	To determine the remuneration for the auditor for audit of the Annual
Reports of JSC “Rigas raugs” for the year 2007 in the amount of 6962 LVL,
including taxes provided by the legislative acts. 

3)	To assign the Management Board of JSC “Rigas Raugs” to sign the contract
with the elected auditor for audit of the Annual Reports of JSC “Rigas Raugs”
for the year 2007. 


5.	On the fifth item of the Agenda „Election of the Supervisory Board”:

1)	Considering the applications of Pertti Olavi Heiskanen and Jone Voll about
leaving position of the members of the Supervisory Board and according to the
Clause 296 Part Nine of the Commercial law, release from their positions
members of the Supervisory Board of JSC “Rigas Raugs” Juha Reino Ylä-Anttila,
Pentti Juhani Yrjö Heinonen, Sven Anders Oscar Gunnarsson and Lars Johan Anders
Olsson starting from April 11, 2007. 

2)	To elect in the positions of the members of the Supervisory Board of JSC
“Rigas Raugs” for the term three years, determining the beginning of the duties
of the Supervisory Board as of the April 11, 2007: 
1.	Juha Reino Ylä-Anttila;
2.	Pentti Juhani Yrjö Heinonen;
3.	Ilkka Juhani Kylmälä;
4.	Tommy Strømstad;
5.	Sven Anders Oscar Gunnarsson;
6.	Lars Johan Anders Olsson.

At the same occasion, we are informing that the Supervisory Board of JSC “Rīgas
raugs” on the meeting of the Supervisory Board on April 11, 2007 decided to
elect Juha Reino Ylä-Anttila as chairman of the Supervisory Board of JSC “Rīgas
Raugs” and Tommy Strømstad as deputy chairman of JSC “Rīgas Raugs”. 



On behalf of the Management Board of JSC „Rigas Raugs”,

Chairperson of the Management Board				M.Suvorova	
Member of the Management Board				G.Teluško
Resolutions of Annual General Meeting of Shareholders of JSC „Rigas Raugs” held on April 11, 2007
