1. Approval of Annual reports for the year 2008.

1. To take a notice of the reports of the Management Board, the Supervisory Council and the sworn auditors of joint stock company “Latvijas kuģniecība”.

2. To approve the following Annual Reports for the year 2008 of joint stock company “Latvijas kuģniecība”:
1) Annual Report for the year 2008 of joint stock company “Latvijas kuģniecība” prepared in accordance with  the Companies Annual Reports Law of Republic of Latvia;
2) Consolidated Annual Report for the year 2008 of joint stock company “Latvijas kuģniecība” and its subsidiary companies prepared in accordance with International Financial Reporting Standards issued by the Management Board of International Accounting Standards.

2. Distribution of the profit for the year 2008.

The profit of joint stock company “Latvijas kuģniecība” (parent company) for the year 2008 in the amount of 18 519 332 LVL use to cover loses of the previous years.

3. Election of the auditor for the audit of Annual reports for the year 2009.

1. To elect audit company “Ernst & Young Baltic” SIA (commercial company licence No. 17) as auditor of the Annual Reports of JSC “Latvijas kuģniecība” for the year 2009.

2. To authorise the Management Board of JSC “Latvijas kuģniecība” to sign contract with the auditor for audit of the Annual Reports of JSC “Latvijas kuģniecība” for the year 2009, determining the remuneration within the approved budget of JSC “Latvijas kuģniecība” for the year 2009.

4. Amendments of the articles of association.

To approve the amendments to the articles of association of joint stock company “Latvijas kuģniecība”.

5. Election of audit committee.

1.  To elect in the position of the member of the audit committee of joint stock company “Latvijas kuģniecība” for term of three years, determining the beginning of the term as of the 30 April, 2009:
1) ____________________, ID ___________________, address: ____________________;
2) ____________________, ID ___________________, address: ____________________;
3) ____________________, ID ___________________, address: ____________________;

2. To determine annual remuneration fund of the audit committee of joint stock company “Latvijas kuģniecība” within the approved budget of joint stock company “Latvijas kuģniecība”, authorising the chairperson of the audit committee to determine distribution of the remuneration fund among the members of the audit committee.

3. To release from the duties of the members of the Audit  commission, all the body of the Audit commission elected in the Annual General Meeting of shareholders of joint stock company “Latvijas kuģniecība” held on 30 May, 2003 (minutes No. 12), determining the end of the term of their duties as of the 30 April, 2009.

4. To invalidate as of the 30 April, 2009 the Regulation of the Audit commission of joint stock company “Latvijas kuģniecība” approved by the the Annual General Meeting of shareholders of joint stock company “Latvijas kuģniecība” held on 30 May, 2003 (minutes No. 12).

 Riga, 16 April, 2009

Chairman of the Management Board        

I.Sarmulis