Notice of called meeting of shareholders

Company:
Joint Stock Company "KURZEMES ATSLEGA 1"

Total number of shares having the rights to vote:
918144 ordinary registered shares having the rights to vote

Legal address:
27 Kalvenes str., Aizpute, Aizpute region, LV-3456

Meeting location:
27 Kalvenes str., Aizpute, Aizpute region, Latvia (JSC "KURZEMES ATSLEGA 1" club)

Meeting start time:
April 23, 2010, at 16.00 o’clock

Member registration time:
April 23, 2010, at 15.55 o’clock

Meeting type:
Regular meeting of shareholders

Meeting is called by following body:
A board

Actions to be done by shareholders until meeting:

1.      Shareholders owning shares of Joint Stock Company “KURZEMES ATSLEGA 1” until the end of the day on 15.04.2010 should take part on meeting

2.      If the attorney presents a shareholder, a notarized letter of attorney should be presented on registration

Agenda

1.      Approval of Annual report, reports of auditor, Board and Council.
2.      Covering the losses, appeared during year of account
3.      Elections of auditor
4.      Defining Auditor remuneration
5.      Elections of a Council
6.      Defining remuneration for Council members
7.      Elections of Auditing Commission
8.      Defining remuneration for Auditing Commission 

Location and time for shareholders to acquaint with draft of resolutions passed on meeting agenda:
27 Kalvenes street, Aizpute, Aizpute region, Latvia,
on weekdays from 9.00 to 12.00, starting from April 9, this year.

Board of JSC “KURZEMES ATSLEGA 1"

Draft of resolutions
of regular meeting agenda of the JSC “KURZEMES ATSLEGA 1” shareholders,
to be held on April 23, 2010

 1^st point of the Agenda

To approve annual report for 2009 of the JSC “KURZEMES ATSLEGA 1’

 2^nd point of the Agenda

To cover the losses of 2009 from retained profit of previous years

3^rd point of the Agenda

To elect the LLC “Revidentu Serviss” (No. of registration 48503004390, certificate No. 15, responsible auditor Aivars Rutkis, certificate No.18) to officiate as auditor of the JSC “KURZEMES ATSLEGA 1” annual report for 2010.

4^th point of the Agenda

To establish remuneration to the Auditor of the JSC “KURZEMES ATSLEGA 1” for performance of duties in the auditor’s office during 2010 as amounting to LVL 1210,00 (including VAT 21%).

5^th point of the Agenda

To elect five members of the Council .

6^th point of the Agenda

To establish remuneration to members of the Council as follows:

   1.      Chairman of the Council - LVL 180,00;
   2.      Associate chairman of the Council - LVL 135,00;
   3.      Members of the board -  LVL 90,00.

7^th point of the Agenda

Council members of the Company should take the duties of the Auditing Commission

8^th point of the Agenda

Do not establish the remuneration of the Auditing Commission for duties.

The board of the Joint Stock Company