AS Valmieras stikla skiedra : DRAFT RESOLUTIONS of the extraordinary general meeting of shareholders of VALMIERAS STIKLA ŠĶIEDRA AS to be held on March 29, 2021 DRAFT RESOLUTIONS of the Annual general meeting of shareholders of VALMIERAS STIKLA ŠĶIEDRA AS to be held on July 29, 2021

1. Reports of the Management Board, Supervisory Council and the Sworn Auditor's Opinion, approval of the annual report for 2020.
1) To take notice of the Reports of Management Board, Supervisory Council and statement of Sworn auditor for the year 2020 of joint stock company 'VALMIERAS STIKLA ŠĶIEDRA'.
2) To approve the separate and consolidated audited annual report of joint stock company 'VALMIERAS STIKLA ŠĶIEDRA' for the year 2020 prepared by the Management Board of joint stock company 'VALMIERAS STIKLA ŠĶIEDRA' and revised by the Supervisory Council of joint stock company 'VALMIERAS STIKLA ŠĶIEDRA.

2. Coverage of losses for year 2020.
To cover the losses incurred in 2020 in the amount of 3 475 153 EUR and part of the accumulated losses from previous years by making changes in the share capital of the joint stock company 'VALMIERAS STIKLA ŠĶIEDRA', reducing the nominal value of the shares of the joint stock company VALMIERAS STIKLA ŠĶIEDRA.

3. Election of the Auditor for the audit of the annual report of 2021 and determination remuneration for the Auditor.
1) To elect audit company PricewaterhouseCoopers SIA (commercial company license No. 5) as Sworn auditor of the Annual Report of joint stock company 'VALMIERAS STIKLA ŠĶIEDRA' for the year 2021.
2) To determine that the remuneration of the Sworn auditor for the audit of Annual report joint stock company 'VALMIERAS STIKLA ŠĶIEDRA' for the year 2021 will not exceed 50 000 EUR, excluding VAT.

4. Election of the Supervisory Council and setting remuneration for the members of the Supervisory Council.

1) To release from the office members of the Council of joint stock company 'VALMIERAS STIKLA ŠĶIEDRA' Ian Jeffrey Burgess, Peter John Bentley, Alvaro Luis Esteban Belzuz, Stefan Alexander Preiss-Daimler and Andris Oskars Brutāns.

2) To elect in the position of a member of the Council of joint stock company 'VALMIERAS STIKLA ŠĶIEDRA', for 3 (three) years term of office:
1. Ian Jeffrey Burgess,
2. Peter John Bentley,
3. Alvaro Luis Esteban Belzuz,
4. Stefan Alexander Preiss-Daimler,
5. Hugues Lambert Jacquemin.

3) The members of the Council shall not be remunerated for the performance of the duties of a member of the Council of joint stock company 'VALMIERAS STIKLA ŠĶIEDRA'.

5. Termination of the Audit Committee.

To recall from duties all members of the Audit Committee of joint stock company 'VALMIERAS STIKLA ŠĶIEDRA' and to terminate the Audit Committee.

6. Reduction of share capital.
To approve the regulation for the reduction of the share capital of joint stock company 'VALMIERAS STIKLA ŠĶIEDRA' and to reduce the share capital of joint stock company 'VALMIERAS STIKLA ŠĶIEDRA' in accordance with provision of Section 262 Paragraph first cause three of the Commercial Law, by reducing the nominal value of each of the joint stock company's 'VALMIERAS STIKLA ŠĶIEDRA' shares to 0,10 EUR. The reduced share capital in the amount of EUR 31 074 166.50 shall be used to reduce the accrued losses of the Company,

7. Amendments to the Articles of Association.
To approve the new wording of Articles of Association.

Valmiera, July 15, 2021

Chairman of the Management Board S. Jugel

Member of the Management Board Ģ. Vēveris

Attached:

Separate and consolidated audited annual report for the year 2020;
Corporate governance report 2020;
Sustainability report 2020;
Remuneration report 2020;
By-laws;
Council report;
Regulation for the reduction of share capital.