On April 28, 2011 JSC "Liepājas Metalurgs" will conduct the shareholders meeting in the following order:

1)      Joint-stock company "Liepājas Metalurgs" Council’s Report about the performance results in the year 2010.

2)      Approval of Joint-stock company’s "Liepājas Metalurgs" Financial Statement 2010.

3)      Joint-stock company "Liepājas Metalurgs" Board’s and Council’s release from liability for activity in the year 2010.

4)      Distribution of Joint-stock company’s "Liepājas Metalurgs" profit for the year 2010.

5)      Joint-stock company’s "Liepājas Metalurgs" budget 2011 approval.

6)      Voting of Certified auditor.

7)      Other points.

Decision drafts:

2)      Approve the JSC "Liepājas Metalurgs" financial reports for year 2010 and consolidated reports for year 2010.

3)      To free the members of the Board and Council from being held responsible for the year 2010 operations.

4)      The JSC "Liepājas Metalurgs" operating loss for year 2009 - LVL 12,429,483 (EUR 17,685,561,-) - and the reporting period loss - LVL 6,694,016,- (EUR 9,524,726,-) to cover with previous years reserves.

5)      To approve the budget draft for the year 2011, in which the income is forecast in the level of     291 721 thousand LVL (415 081 thousand EUR), expenses as 290 415 thousand LVL (413 223 thousand EUR), and profit as 1 306 thousand LVL (1 828 thousand EUR).

 6)     Functions of Certified auditor to be carried out by the audit company JSC “BDO”.

Agrita Pakule
Assistant of the Chief Economist
T.: 63455926, pakule@metalurgs.lv