DECISIONS OF THE ANNUAL EXTRAORDINARY MEETING OF SHAREHOLDERS OF JSC “RĪGAS ELEKTROMAŠĪNBŪVES RŪPNĪCA” TO BE HELD ON NOVEMBER 19, 2020

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The agenda:

1.    Withdrawal of Company’s shares from the regulated market.

2.    Amendments to the Articles of Incorporation of the Company in connection with the withdrawal of shares from the regulated market.

(1) Withdrawal of Company’s shares from the regulated market.

Decision made:

Withdraw 2,798,400 (two million seven hundred ninety-eight thousand four hundred) Company’s shares from the regulated market.

(2) Amendments to the Articles of Incorporation of the Company in connection with the withdrawal of shares from the regulated market.

Decision made:

Amend Article 4.2 of the Articles of Incorporation of the Company to read as follows:

“4.2. All 5,799,005 (five million seven hundred ninety-nine thousand five) shares of the Company are book-entry shares. Shares of the Company cannot be publicly traded.”