The situation in Ukraine definitely will affect the results of our operations in long term. As for now the Company has stocks, raw material to continue operations according to the current plan. We have sale and purchase contracts denominated in euro and USD. But in a few months if the situation in Ukraine escalates the Company may face some challenges regarding, e.g. regularity of supply, increasing debtors days. Our forecast and estimations regarding the situation in Ukraine will follow once additional information is available.

JSC “RIGA ELECTRIC MACHINERY FACTORY”

The Board