Agenda:

1. Report of the Board of Directors concerning the Company’s performance in 2017.
2. Sworn auditor’s report.
3. Company’s Supervisory Board, which performs Audit Committee duties, statement for year       2017.
4. Review and approval of the Company’s annual report for 2017.
5. Appointment of the sworn auditor for 2018 and setting auditor’s remuneration.
6. Issuance of debt securities.

(1) Report of the Board of Directors concerning the Company’s performance in 2017

Decision made:

The annual general meeting has taken the information into consideration.

(2) Sworn auditor’s report

Decision made:

The annual general meeting has taken the information into consideration.

(3) Company’s Supervisory Board, which performs Audit Committee duties, statement for year       2017.

Decision made:

The annual general meeting has taken the information into consideration.

(4) Review and approval of the Company’s annual report for 2017.

Decision made:

Approve the annual report of the JCC „Rīgas elektromašīnbūves rūpnīca”  for 2017, i.e., balance sheet, profit or loss statement, statement of changes in equity, cash flow statement, notes, appendices, and report of the Management. Approve the consolidated annual report for 2017. Allocate the profit of the Holding Company earned in 2017 in the amount of EUR 1,462,712 for development of the Company.

(5) Appointment of the sworn auditor for 2018 and setting auditor’s remuneration.

The meeting has taken notice of the report of the sworn auditor Grant Thornton Baltic Ltd.

Decision made:

As a sworn auditor for 2018, appoint Grant Thornton Baltic Ltd, unified registration No 50003619401, registered address: 22 Blaumana Street, Riga, LV-1011, license No 155 of the commercial company of sworn auditors, sworn auditor Silvija Gulbe, certificate No 142. Set remuneration for auditing of the consolidated annual report and a separate annual report of the Company.

(6) Issuance of debt securities.

Decision made:

To finance the manufacture of electric equipment and to refinance the current loan, in 2018 the Company shall issue bonds with the following terms:

Issuance volume: EUR 10,000,000

Maturity: in 5 years

Coupon rate: 5-7%

Interest payment intervals: 6 months

The Board of Directors to conclude an agreement on the organization and sale of bond issues.

         TAMĀRA ROGOVA
         AS "Rīgas elektromašīnbūves rūpnīca"
         galvenā juriste
         tālr. +371 67381712, +371 27001052
         mail: tamara.rogova@rer.lv
         www.rer.lv