The JSC Liepājas Metalurgs shareholders ordinary meeting was called for July 29, 2013 9:00, in which the share fixed capital of 16 308 487 was represented, the number of the shareholders present with rights to vote was 16 308 487, which makes 96% of the share capital with votes rights.

The following decisions were approved at the general meeting of shareholder

1st agenda point: The JSC Liepājas Metalurgs Supervisory Board Statement on the year 2012 operating results.

The meeting participants take for their information the Company Supervisory Board Statement on the year 2012 operating results.

2nd agenda point: The JSC Liepājas Metalurgs year 2012 financial statements and consolidated financial statements approval.

The JSC Liepājas Metalurgs shareholders decided: Approve the JSC Liepājas Metalurgs year 2012 financial statements and consolidated financial statements.

3rd agenda point: The JSC Liepājas Metalurgs year 2012 profit distribution.

Taking into consideration that the Company produced a loss in 2012, the meeting participants take this information to their knowledge and do not decide on the profit distribution.

4th agenda point: The JSC Liepājas Metalurgs year 2013 budget approval

The JSC Liepājas Metalurgs shareholders decided: Approve the year 2013 budget, with the expected revenues 187 208 thousand LVL (266 373 thousand EUR), expenses 220 333 thousand LVL (313 504 thousand EUR) and losses 33 125 thousand LVL (47 131 thousand EUR).

5th agenda point: Certified auditor election.

The JSC Liepājas Metalurgs shareholders decided: Elect the Pricewaterhouse Coopers Ltd. as the JSC Liepājas Metalurgs auditor.

6^th agenda point: Supervisory Board reelection.

The JSC Liepājas Metalurgs shareholders decided:

1. To withdraw entire Supervisory Board of the JSC Liepājas Metalurgs.

2. Elect the following members of the Supervisory Board of the JSC Liepājas Metalurgs:

(1) Mr.Guntis Vilnitis

(2) Mr.Genadijs Atujevs

(3) Mr.Ainars Kreics

(4) Mrs.Benita Imbovica

(5) Mr.Egils Kupsis

(6) Mr.Kirovs Lipmans

Līga Šenfelde
Assistant to the Chief Economist
63455926, shenfelde@metalurgs.lv