RESOLUTIONS

of Extraordinary General Meeting of Shareholders

of joint stock company „Latvijas balzams” held on October 16, 2009

1.      Election of the Supervisory Board.

 1)      Having regard of the application on the leave of the office of the Supervisory Board from Aleksandrs Jerņevs, the member of the Supervisory Board, and in accordance with the Paragraph nine of the Article 296 of the Commercial Law, as of 16 October 2009 to release from the office of the member of JSC „Latvijas balzams” Supervisory Board Alexander Kovalev [Aleksandrs Kovaļevs], Petr Aven [Pjotrs Avens], Vitolds Kokars [Vitolds Kokars], Valizhan Abidov [Valižans Abidovs] and Andrey Skurikhin  [Andrejs Skurihins.

2)      To elect for the office of the member of JSC „Latvijas balzams” Supervisory Board for the term three years, starting on 16 October 2009:

1.      Alexander Kovalev [Aleksandrs Kovaļevs];

2.      Petr Aven [Pjotrs Avens];

3.      Andrey Skurikhin [Andrejs Skurihins];

4.      Aigars Kalvītis [Aigars Kalvītis];

5.      Sebastiaan Boelen [Sebastiāns Būlens];

6.      Valery Mendeleev [Vals Mendeļējevs].

Riga, October 16, 2009

On behalf of the Board of Directors of JSC „Latvijas balzams”,

Chairman of the Board of Directors                                                                  

K.Andersons