Grindeks Decisions of annual general meeting 19.06.2012

RESOLUTIONS of Annual General Meeting of Shareholders of joint stock company
“Grindeks” held on June 19, 2012

1. Reports of Board, Supervisory Council, Audit Committee and statement of
Sworn auditor.



To take notice of the reports of the Board, the Supervisory Council, the Audit
Committee and the statement of the sworn auditor of joint stock company
“Grindeks”.



Voting results: decision is taken with the required majority of the votes.



2. Approval of Annual report for the year 2011.



To approve the following Annual Reports for the year 2011 prepared by the Board
of joint stock company “Grindeks” and revised by the Supervisory Council of
joint stock company “Grindeks”:

1. Annual Report for the year 2011 of joint stock company “Grindeks” prepared
in accordance with the legislative acts of the Republic of Latvia;
2. Consolidated annual Report for the year 2011 of joint stock company
“Grindeks” prepared in accordance with International Financial Reporting
Standards (IFRS);



Voting results: decision is taken with the required majority of the votes.



3. Distribution of profit for the year 2011.



1. To approve the net profit of joint stock company “Grindeks” for the year
2011 in amount of 6 622 327 LVL.
2. To leave undistributed the profit for the year 2011 and to use it for the
development of joint stock company “Grindeks” to increase the
competitiveness of joint stock company “Grindeks”.



Voting results: decision is taken with the required majority of the votes.



4. Election of auditor and determination of the remuneration for the auditor.



1. To assign to the Board of joint stock company “Grindeks” to organise the
tender immediately in order to choose the auditor for the audit of the
Annual Reports of joint stock company “Grindeks” for the year 2012.
2. Based on the results of the tender to authorize the Board of joint stock
company “Grindeks”, with acceptance of the Supervisory Council, to choose
the auditor for the audit of the Annual Reports of joint stock company
“Grindeks” for the year 2012.
3. Based on the results of the tender to authorize the Board of joint stock
company “Grindeks”, with acceptance of the Supervisory Council, to
determine the remuneration for the auditor of the Annual Reports for the
year 2012 within budget for the year 2012 and not exceeding the amount paid
in 2011.
4. To assign the Board of joint stock company “Grindeks” to sign the contract
with the chosen and accepted by the Supervisory Council auditor for audit
of the Annual Reports of joint stock company “Grindeks” for the year 2012.



Voting results: decision is taken with the required majority of the votes.



5. Election of Audit Committee and determination of the remuneration for Audit
Committee.



1. To elect for the office of the member of joint stock company “Grindeks”
Audit Committee for the term three years, starting on 19 June 2012:

1. Uldis Osis;
2. Jānis Naglis;
3. Inna Mačiene.

1. To determine LVL 2400.00 (two thousand four hundred lats) as the annual
remuneration fund for the members of the Audit Committee and to authorize
the chairperson of the Audit Committee to determine the distribution of the
remuneration fund among the members of the Audit Committee.



Voting results: decision is taken with the required majority of the votes.



Riga, June 19, 2012



The Board of joint stock company “Grindeks”


Laila Kļaviņa
Head of the Communications Department
JSC “Grindeks”
Phones: (+371) 67083370, (+371) 29256012

Fax: (+371) 67083505
e-mail: laila.klavina@grindeks.lv

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