AS SAF Tehnika hereby informs that the Supervisory Board of the Company has elected Mr. Jānis Ennītis as a member of AS SAF Tehnika Management Board.

Janis Ennitis holds the position of Vice-President Sales and Marketing in the Company. Prior to joining the Company in July 2006, Janis Ennitis was employed by information technology and electronics distribution company GNT Latvia (now ALSO) as Sales and Marketing director. Mr. Ennitis holds a Master degree of Microelectronics from Riga Technical University which he graduated in 1996. Post graduate studies during 1996/1997 were held at the Technical University of Lausanne in Switzerland. Mr. Ennitis currently owns 450 shares of AS "SAF Tehnika".

On December 7, OMX's exchanges in Riga announced the winners of the first annual contest for the Baltic Market Awards recognizing the best practices in investor relations. SAF Tehnika was announced the best in 3 categories: the Best Investor Relations of Riga Stock Exchange, The Best Investor Relations among Small Cap Companies and the Best Investor Relations Online.

JSC "SAF Tehnika" consolidated, 3 months financial report FY2006/2007 
is available on Riga Stock Exchange web page: 

http://www.baltic.omxgroup.com/market/?pg=details&instrument=LV0000101129&list=2&tab=re​ports&lang=en

JSC "SAF Tehnika" annual report FY2005/2006 
is available on Riga Stock Exchange web page: 

http://www.baltic.omxgroup.com/market/?pg=details&instrument=LV0000101129&list=2&tab=re​ports&lang=en

JSC "SAF Tehnika" Comply or Explain Report on principles of good Corporate governance 
is available on Riga Stock Exchange web page: 

http://www.baltic.omxgroup.com/market/?pg=details&instrument=LV0000101129&list=2&tab=co​mpany&lang=en

1. Item of agenda
The reports of the Board of Directors and the Supervisory Council
Decision to approve the report of the Board of Directors and report of the Supervisory Council.

2. Item of agenda
The annual report
Decision to approve the annual report.

3. Item of agenda
To release the Members of the Board from responsibility of business activities performed in financial year
2005/2006.
Decision to release the Members of the Board from responsibility of business activities performed in
financial year 2005/2006.

4. Item of agenda
Use of profit from the previous year of activity
Decision to distribute the profit for the previous year of activity amounting of 1 266 950 LVL as follows:

4.1) Decision to pay part of the previous years profit 594 036 LVL (five hundred ninety four thousand
thirty six Latvian lats) in dividends to the shareholders setting the amount of dividends 0.20 LVL (twenty
santims) per share setting the date of calculation November 24, 2006 and the date of payment December 1,
2006;

4.2) Decision to add part of previous years profit 672 914 LVL (six hundred seventy two thousand nine
hundred and fourteen Latvian lats) to the retained earnings of the Company.

5. Item of agenda
Decreasing of Share capital of the Company

5.1) Decision to decrease the share capital of the Company by cancelling 60 000 (sixty thousand) title
employee shares and to approve the Terms of Reduction of Share Capital.

5.2) Decision to determine that the Company's share capital following the registration of share capital
decrease shall be LVL 2'970'180.00 (two million nine hundred seventy thousand and one hundred and
eighty Latvian lats) which consists of 2'970'180 (two million nine hundred seventy thousand and one
hundred and eighty) shares.

6. Item of agenda
Amendments to the Charter of the Company
Decision to approve amendments to the Charter of the Company according to the Appendix and new
wording of the Company's Charter.

7. Item of agenda
The election of the Supervisory Council
Decision to elect Vents Lācars, Juris Ziema, Andrejs Grišāns, Ivars Šenbergs and Jānis Bergs as members
of the Supervisory Council consisting of five members for 3 year term;

8. Item of agenda
The election of the auditor
Decision to elect Ernst & Young Baltic SIA" as the auditor of the Company for the next financial year.
Authorize the Board of Directors to set the auditors fee.

9. Item of agenda
Other

9.1) Authorize with power to delegate authority Board of the Company to sign an Application to the
Commercial Register Authority to register the resolutions and amendments of articles of association passed
by the meeting of Shareholders in the Commercial Register, to ascertain an excerpt from the Minutes of
this meeting, and to sign repeated application and / or complaint to the Commercial Register Authority in
the case of Application for the Registry being declined.

9.2) Authorize legal adviser of the company Valdis Bergs to submit all the required documentation and
supply the required explanations, if demanded, to register the resolutions passed by the meeting of
Shareholders in the Commercial Register, and to take out the documents from the Commercial Register
Authority.

For aditional information:

Aleksis Orlovs
SAF Tehnika AS
Board member
Phone: +371 7046840
Mob. phone: +371 29287289
Fax: +371 7046809
e-mail: Aleksis.Orlovs@saftehnika.com

Janis Bergs, born in 1970, currently is the Chairman of Management Board of SIA FMS. From 2000 acted as Chairman of the Management Board of SIA „Fortech”, later member of the Management Board of Mirolink Group. In 2004 elected as Chairman of the management Board of Mirolink Group. In 2004 elected in the Management Board of the Latvian Information Technology and Telecommunications Association. J. Bergs graduated from the Riga Technical University with a degree in radio engineering in 1993. In 2000 he graduated form Riga Business School with an MBA degree.

Janis Bergs does not own shares of AS “SAF Tehnika”.

AS SAF Tehnika hereby informs that Mr. Janis Bergs shall be nominated as candidate for the position of the Supervisory Council Member.

Janis Bergs, born in 1970, currently is the Chairman of Management Board of SIA FMS. From acted as Chairman of the Management Board of SIA „Fortech”, later member of the Management Board of Mirolink Group. In 2004 elected as Chairman of the management Board of Mirolink Group. In 2004 elected in the Management Board of the Latvian Information Technology and Telecommunications Association. J. Bergs graduated from the Riga Technical University with a degree in radio engineering in 1993. In 2000 he graduated form Riga Business School with an MBA degree.

Valdis Bergs, Legal Adviser
SAF Tehnika AS
24a Ganibu dambis, Riga
LV-1005, Latvia
Phone: +371 7046826
Fax: +371 7046809
e-mail: Valdis.Bergs@saftehnika.com
http://www.saftehnika.com

JSC "SAF Tehnika" separate, audited annual  report FY2005/2006 is available 
on Riga Stock Exchange web page: 

http://www.baltic.omxgroup.com/market/?pg=details&instrument=LV0000101129&list=2&tab=re​ports&lang=en

Draft Resolutions of Annual Shareholder Meeting October 26, 2006

1. Item of agenda
The reports of the Board of Directors and the Supervisory Council
Decision to approve the report of the Board of Directors and report of the Supervisory Council.

2. Item of agenda
The annual report
Decision to approve the annual report.

3. Item of agenda
To release the Members of the Board from responsibility of business activities performed in financial year 2005/2006.
Decision to release the Members of the Board from responsibility of business activities performed in financial year 2005/2006.

4. Item of agenda
Use of profit from the previous year of activity
Decision to use the profit from the previous year of activity amounting of 1 266 950 LVL as follows:

4.1) Decision to pay part of the previous years profit 594 036 LVL (five hundred ninety four thousand thirty six Latvian lats) in dividends to the shareholders setting the amount of dividends 0.20 LVL (twenty santims) per share setting the date of calculation November 24, 2006 and the date of payment December 1, 2006;

4.2) Decision to add part of previous years profit 672 914 LVL (six hundred seventy two thousand nine hundred and fourteen Latvian lats) to the retained earnings of the Company.

5. Item of agenda
Decreasing of Share capital of the Company

5.1) Decision to decrease the share capital of the Company by cancelling 60 000 (sixty thousand) title employee shares and to approve the Terms of Reduction of Share Capital.

5.2) Decision to determine that the Company's share capital following the registration of share capital decrease shall be LVL 2'970'180.00 (two million nine hundred seventy thousand and one hundred and eighty Latvian lats) which consists of 2'970'180 (two million nine hundred seventy thousand and one hundred and eighty) shares.

6. Item of agenda
Amendments to the Charter of the Company
Decision to approve amendments to the Charter of the Company according to the Appendix and new wording of the Company's Charter.

7. Item of agenda
The election of the Supervisory Council
Decision to elect Vents Lācars, Juris Ziema, Andrejs Grišāns, Ivars Šenbergs and Janis Bergs as members of the Supervisory Council consisting of five members for 3 year term;

8. Item of agenda
The election of the auditor
Decision to elect Ernst & Young Baltic SIA" as the auditor of the Company for the next financial year. To authorize the Board of Directors to set the auditors fee.

9. Item of agenda
Other

9.1) To authorize with power to delegate authority Board of the Company to sign an Application to the Commercial Register Authority to register the resolutions and amendments of articles of association passed by the meeting of Shareholders in the Commercial Register, to ascertain an excerpt from the Minutes of this meeting, and to sign repeated application and / or complaint to the Commercial Register Authority in the case of Application for the Registry being declined.

9.2) To authorize legal adviser of the company Valdis Bergs to submit all the required documentation and supply the required explanations, if demanded, to register the resolutions passed by the meeting of Shareholders in the Commercial Register, and to take out the documents from the Commercial Register Authority.

For aditional information:

Aleksis Orlovs
SAF Tehnika AS
Board member
Phone: +371 7046840
Mob. phone: +371 29287289
Fax: +371 7046809
e-mail: Aleksis.Orlovs@saftehnika.com

JSC "SAF Tehnika" consolidated audited financial report FY2005/2006 is available 
on Riga Stock Exchange web page: 

http://www.baltic.omxgroup.com/market/?pg=details&instrument=LV0000101129&list=2&tab=reports&lang=en

The date to block shares - 16th of October

Board of directors of Joint Stock Company „SAF Tehnika” announces the annual shareholder meeting shall take place on the 26th of October, 2006 from 11:00 a.m. at Skanstes iela 13, Riga (SIA “Lattelecom Technology” conference room Riga).

Agenda:

1. The approval of report of the board of directors and council;

2. The approval of the annual report of financial year 2005/2006 and the board release of responsibility.

3. The allocation of profit.

4. The approval of an amendment to the Charter of the Company: - Decrease of Share Capital; - Increase the number of management Board members.

5. The election of the Supervisory Council.

6. The election of the auditor.

7. Other.

Registration of shareholders for the meeting shall take place on the day of the meeting – the 26th of October, 2006 – from 10.30 a.m. until 11.00 a.m. at the place of the meeting.

Shareholders can participate personally or delegate a representative.

Shareholders who have blocked their shares have to present passport or other verifying document to register.

Representatives of shareholders have to show legally binding warrant of shareholder and passport or other verifying document to register.

Every shareholder, who wants to participate in the meeting, has to block his shares by the 16th of October.

Draft resolutions of the meeting shall be available from the 12th of October at the Administration of SAF Tehnika, Riga, Ganibu dambis 24a every businesday from 9.00 a.m. until 5.00 p.m., but on the day of the meeting – at Skanstes iela 13, Riga, at the place of registration.

Board of Directors

To introduce the following amendments to the Charter of the Company by expressing the items below in new wording as follows:

2. Equity and Securities

2.1. The share capital of the Company shall be LVL 2’970’180 (two million nine hundred seventy thousand one hundred and eighty Latvian lats) which consists of 2’970’180 (two million nine hundred seventy thousand one hundred and eighty) shares. All shares shall be issued as securities.

2.2. The par value of each share is LVL 1.00 (one Latvian lat). The share is indivisible.

2.3. All shares shall bear equal rights to receive dividend, liquidation proceeds and voting rights at the Shareholders Meeting.

2.4. All shares shall be bearer shares. The person possessing shares shall enjoy the rights pertaining to such shares.

2.5. All shares issued by the Company shall be dematerialized.

2.6. Each shareholder shall have the right to freely dispose of his shares.

2.7. There shall be no preemptive right of other shareholders to acquire the transferred shares.

2.8. The shares shall be alienated by transfer to the acquirer's securities account.

2.9. The Company shall not subscribe for its own shares. The Company may acquire its own shares only in the circumstances provided by the law.

2.12. In case of share capital increase the current shareholders shall have a preemptive right to acquire new shares in proportion to their existing aggregate par value of shareholding in the Company.

5. Board of Directors

5.3. The Board of Directors consists of 4 members to be elected by the Supervisory Council for a period of 3 years. The Chairman shall be appointed by the Supervisory Council.

AS „SAF Tehnika” informs that we have received information from A/s „Hansabanka” regarding such owners of shares amounting of more than 1/20 of shares traded in the regulated market:

1. HANSA BALTI KASVUFOND, address: LIIVALAIA 8, TALLINN, ESTONIA, on 13.07.2006 owns AS “SAF Tehnika” (LV0000101129) 167 030 shares traded in the regulated market with total amount:

1) 5.51% from total AS “SAF Tehnika” share capital;

2) 5.62% shares traded in the regulated market;

3) 5.62% from total amount of shares with voting rights which equals the amount of shares traded in the regulated market;

2. HANSA IDA-EUROOPA AKTSIAFOND, address: LIIVALAIA 8, TALLINN, ESTONIA, on 13.07.2006 owns AS “SAF Tehnika” (LV0000101129) 269 096 shares traded in the regulated market with total amount:

1) 8.88% from total AS “SAF Tehnika” share capital;

2) 9.06% shares traded in the regulated market;

3) 9.06% from total amount of shares with voting rights which equals the amount of shares traded in the regulated market.

JSC "SAF Tehnika" 12 months consolidated financial report FY2005/2006 is available 

on Riga Stock Exchange web page: 

http://www.baltic.omxgroup.com/market/?pg=details&instrument=LV0000101129&list=2&tab=re​ports&lang=en

JSC "SAF Tehnika" 3rd quarter consolidated financial report FY2005/2006 is available 

on Riga Stock Exchange web page: 

http://www.baltic.omxgroup.com/market/?pg=details&instrument=LV0000101129&list=2&tab=re​ports&lang=en

On February 13, at the start of the World 3GSM Congress, SAF Tehnika presents its new CFQ product line to the audience - high capacity data transmission equipment suitable mainly for mobile operators in order to provide various modern 3G data services.

High capacity radio equipment with data transmission speed up to 155 Mbps complements the existing SAF Tehnika product family, which are low and medium capacity products up to 34 Mbps.

Along with the development of mobile services there is more demand for wireless data transmission systems of a higher capacity and effectiveness, which would ensure such modern 3G data services as video telephony and high speed Internet connection.

"By expanding our product family with high capacity radio we are continuing to get a proper share among the World wireless telecommunication suppliers and to participate fully in the realisation of the next step of mobile communications", states Mr.Normunds Bergs, Chairman of the Board.

Mass production of the product has already been started and the product will be offered in the existing markets, as well as to new potential customers. Actually, the launch of this product in the market is not only welcomed by the customers but it is also an accomplished objective of the company, and one of the ways to raise the competitiveness of the company in the world market.

During the World 3GSM Congress held in Barcelona from February 13-16 is, SAF Tehnika presents its stand. This event, like other world-wide events organised in various places of the world, gives companies the possibility to present their products to regional markets, make statements and establish new contacts, strengthen relations with the existing customers and, beyond doubt, to get a picture of their own share in the respective industry, as well as their competitors.

Last year's statistical data shows that more than 50% of the visitors and participants represent West-European countries; however, there is also active participation from other regions of the world. The figures indicate the importance of the event: number of visitors 50,000, number of participants of the exhibition 962.

Additional information:
Ieva Lacare
SAF Tehnika
Head of Marketing Department
Tālrunis: 7046836
Fakss: 7046809
e-pasts:Ieva.Lacare@saftehnika.com

JSC "SAF Tehnika" 6 months financial report, FY 2005/2006, is available on 
Riga Stock Exchange web page: 

http://www.baltic.omxgroup.com/market/?pg=details&instrument=LV0000101129&list=2&tab=re​ports&lang=en

JSC SAF Tehnika notifies about the changes in the company management. Vents Lacars, who has been Sales and Marketing Director since the very beginning of SAF Tehnika, has now been appointed Vice President of Business Development. Janis Kemers will be in charge of Sales and Marketing department as Vice President of Sales and Marketing.

JSC SAF Tehnika notifies about the changes in the company management. Vents Lacars, who has been Sales and Marketing Director since the very beginning of SAF Tehnika, has now been appointed Vice President of Business Development. Janis Kemers will be in charge of Sales and Marketing department as Vice President of Sales and Marketing.

“As one of the founders of the company, Vents Lacars has invested great work in the development and growth of SAF Tehnika and thus contributed to the company being highly competitive and internationally known” says Normunds Bergs, Chairman of the Board of SAF Tehnika.

SAF Tehnika Business development department will deal with market research and analysis, and development of new products.

Janis Kemers joins the company as Vice President of Sales and Marketing. “His 10 years experience in the company “Tech Data Corporation” - a leading global provider of IT products – will introduce new trends in the work of Sales and Marketing Department and will contribute to the further growth of SAF Tehnika,” comments N.Bergs.

“I am excited and proud to join this unique Latvian company,” comments Janis Kemers upon his appointment. “SAF Tehnika possesses the potential - first-rate products, clear future vision and a team of professionals – all means to achieve high objectives,” he continues.

Mr. Kemers holds Master’s degrees in Computer Sciences (Riga Technical University) and Business Administration (Riga Business School).

Additional information:

Ieva Lacare
SAF Tehnika
Head of Marketing Department 
Tālrunis: 7046836
Fakss: 7046809
e-pasts:Ieva.Lacare@saftehnika.com