ExcerptFromTheMinutesOfTheMeeting_29_11_2013

Aira Loite 
COO, Member of the Board 
+371 67 046 840 
Aira.Loite@saftehnika.com

1. Approve the reports of the Board of Directors and the Supervisory Council for financial year 2012/2013.

2. Approve the annual report and consolidated report of “SAF Tehnika” JSC and release the Board of Directors from responsibility for financial year 2012/2013.

3. Cover the losses of the “SAF Tehnika” JSC incurred in financial year 2012/2013 in amount of LVL 14’571 (fourteen thousand five hundred seventy one Latvia Lats ) by retained earnings from previous periods. Retain the part of undivided profit from previous periods in amount of LVL 2’221’583 (two million two hundred twenty one thousand five hundred eighty three Latvia Lats) as retained earnings.

4. Appoint KPMG Baltics SIA as the auditor of the “SAF Tehnika” JSC for the financial year 2013/2014 and determine the maximum remuneration for the auditor of the Annual Reports for the financial year 2013/2014 in the amount of EUR 10’100 (ten thousand one hundred EUR), not including taxes provided by the legislative acts. Authorize the Board to sign the contract with the elected auditor for audit of the Annual Reports of „SAF Tehnika” JSC for the financial year 2013/2014.

Aira Loite
COO, Member of the Board
+371 67 046 840
Aira.Loite@saftehnika.com

Draft resolutions of ordinary shareholder's meeting on 29th of November of SAF Tehnika JSC can be found in pdf document seen below.

Draft ResolutionAdoptedAtTheMeeting_2013 Nov

Additional information:
Aira Loite
COO, Member of the Board
+371 67 046 840
Aira.Loite@saftehnika.com

The Board of Directors of “SAF Tehnika” JSC (Reg.No.40003474109, legal address: 24a, Ganibu dambis, Riga, LV-1005, Latvia) informs that it convenes a regular shareholders’ meeting on 29th November 2013 at 10.00 a.m., at “SAF Tehnika” JSC meeting room (24a, Ganibu dambis, Riga, Latvia).

Agenda:

1. Approval of report of the Board of Directors and the Supervisory Council;
2. Approval of the annual report for the year 2012/2013 and release of the Board of Directors from responsibility for financial year 2012/2013;
3. Covering of losses incurred in FY 2008/2009 by undivided profit from previous periods and retaining the part of undivided profit from previous periods as retained earnings;
4. Appointment of the auditor for the financial year 2013/2014.

Shareholders and their representatives can submit draft decisions regarding the issues of the agenda to be discussed on the shareholders meeting until 8th November 2013 at “SAF Tehnika” administration (Ganibu dambis 24a, Riga, LV-1005) every working day from 9.00 a.m. to 5.00 p.m.

Draft resolutions on the issues of the agenda to be discussed on the shareholders meeting will be published on 13th November 2013. Draft resolutions will be available also on company’s webpage www.saftehnika.com, as well as at “SAF Tehnika” administration (Ganibu dambis 24a, Riga, LV-1005) every working day from 9.00 a.m. to 5.00 p.m.

Total number of shares with a right to vote amounts to 2 970 180 (two million nine hundred seventy thousand one hundred eighty).

Shareholders can participate personally or delegate a representative.

Only persons or entities which are shareholders on the date of record will be entitled to participate in the shareholders’ meeting. The date of record is 21 November 2013.

Registration of participants will take place at the venue on the day of the shareholders’ meeting – on 29th November 2013 from 9.30 a.m. until 10.00 a.m.

Shareholders at the registration have to present passport or other identification document.

Representatives of shareholders at the registration have to show a power of attorney witnessed by a notary or a power of attorney legally equal to that and passport or other verifying document. The template of the power of attorney is available on company’s webpage www.saftehnika.com.

The Board of “SAF Tehnika” JSC