Agenda and resolutions of examinable issues of shareholders meeting of JSC “Liepājas Metalurgs” held on May 8, 2012:

1. Council’s Report of Joint-Stock Company "Liepājas metalurgs" on performance results in the year 2011.

2. Approval of Financial Report of Joint-Stock Company "Liepājas metalurgs" for 2011.

- Approve the financial report of  JSC "Liepājas metalurgs" for the year 2011 and the consolidated reports for year 2011.

3. Release from liabilities of Board and Council of Joint-Stock Company "Liepājas metalurgs" for activities in the year 2011.

- Release members of the Board and the Council from any responsibility for the activities carried out in the year 2011.

4. Distribution of profit of Joint-Stock Company "Liepājas metalurgs" in the year 2011

- Divert profit of JSC "Liepājas metalurgs"  for the year 2011 amounting to 2.47 Mio. LVL (3.51 Mio. EUR) for coverage  of a long-term credit.

5. Approval of budget of Joint-Stock Company "Liepājas metalurgs" for 2012

- Approve the budget for year 2012 with the expected revenues 342.9 Mio. LVL (487.8 Mio. EUR), expenses 332.7 Mio. LVL (473.4 Mio. EUR) and profit 10.2 Mio. LVL (14.5 Mio. EUR).

6. Election of Council of Joint-stock company "Liepājas metalurgs"

- Approve the Council of Joint-stock company "Liepājas metalurgs" in following membership: S.Zaharjins, A.Zaharjins, K.Lipmans, M.Pomerancis, A.Deniņš, G.Vilnītis.

7. Election of Auditorial Committee of Joint-stock company "Liepājas metalurgs"

- Approve Auditorial Committee of Joint-stock company "Liepājas metalurgs" in following membership: Mrs Inna Kromkina.

8. Electing a Certified auditor.

- The functions of Certified auditor to be carried out by the audit company JSC “BDO”.

9. Other issues.

10. Reports on activities in 2011 from all the commercial companies, in which the JSC Liepājas Metalurgs has invested its own assets.

         Līga Šenfelde
         Assistant of Chief Economist
         t.: +371 63455926, shenfelde@metalurgs.lv