RESOLUTIONS

of Extraordinary General Meeting of Shareholders

of joint stock company „Latvijas balzams” held on July 18, 2008

1.      Election of the Supervisory Board.

1)      Considering the applications of the members of the Supervisory Board Alexey Oliynik and Alexander Yernev about leaving positions of the member of the Supervisory Board  and according to the Clause 296 Part Nine of the Commercial Law, release as of July 18, 2008 from their positions members of the Supervisory Board  of JSC “Latvijas balzams” Alexander Kovaley, Vitolds Kokars, Alexey Oliynik and Andrey Skurikhin.

2)      To elect in the positions of the members of the Supervisory Board of JSC „Latvijas balzams” for three years, determining the beginning of the duties of the Supervisory Board  as of the July 18, 2008:

1.  Alexander Kovalev;

2.      Petr Aven;

3.      Vitolds Kokars;

4.      Valizhan Abidov;

5.      Georgiju Kipiani;

6.      Andrey Skurikhin.

Riga, July 18, 2008

On behalf of JSC „Latvijas balzams”

Chairman of the Management Board                                         Karlis Andersons