Riga, 28 October 2014 

Approved at the meeting of the Board of joint stock company ”Grindeks” on 24 October 2014
and revised at the meeting of the Supervisory Council of joint stock company “Grindeks” on 28 October 2014

DRAFT RESOLUTIONS
of the Extraordinary General Meeting of Shareholders
of joint stock company “Grindeks” to be held on 11 November 2014

1. Distribution of the profit for the year 2013

1) Considering financial results for six months of 2014 and taking into the account unstable economic environment in the current main markets of joint stock company “Grindeks”, profit for the year 2013 in the amount of 7 018 238 LVL (9 986 053 EUR) leave undistributed and use for the development of joint stock company “Grindeks” with the aim to increase competitiveness of joint stock company “Grindeks”.

2. Election of the Supervisory Council.

1) In accordance with the Clause 296 Section 9 of Commercial law as of 11 November 2014 to recall Janis Naglis, Kirovs Lipmans, Anna Lipmane un Arkadiy Vertkin from their positions of members of joint stock company ”Grindeks” Supervisory Council.
2) To elect in positions of members of joint stock company ”Grindeks” Supervisory Council  for the term three years, starting on 11 November 2014:
1. ____________;
2. ____________;
3. ____________;
4. ____________;
5. ____________.

3. Election of the Audit Committee.

1) To recall Mr. Janis Naglis and Mrs. Inna Maciene from their positions of members of joint stock company ”Grindeks” Audit Committee as of 11 November 2014.
2) To elect for the office of the member of joint stock company “Grindeks” Audit Committee for the term three years, starting on  11 November 2014:
1. Mr. Janis Naglis;
2. Mrs. Inna Maciene;
3. Mr. Uldis Osis.

The Board of joint stock company “Grindeks”

The joint stock company “Grindeks” informs, that the shareholder Mr. Kirovs Lipmans has repeatedly nominated Mrs. Anna Lipmane, Mr. Arkadiy Vertkin and Mr. Uldis Osis as candidates of the member of joint stock company “Grindeks” Supervisory Council, whereas the shareholder Mrs. Anna Lipmane has repeatedly nominated Mr. Kirovs Lipmans and Mr. Janis Naglis as candidates of the member of joint stock company “Grindeks” Supervisory Council.

Please find the draft resolutions for the Extraordinary General Meeting submitted by shareholders previously here: https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=625528&messageId=776188.

About “Grindeks”

“Grindeks” is the leading pharmaceutical company in the Baltic States. Main fields of action are research, development, manufacturing and sales of original products, generics and active pharmaceutical ingredients. “Grindeks” Group consists of 4 subsidiary companies in Latvia, Estonia and Russia; representative offices are opened in 13 countries.

“Grindeks” specializes in the heart and cardiovascular, CNS and anti-cancer medication therapeutic groups. The portfolio of “Grindeks” products consists of successful combination of branded products and generic medications – including brand products Mildronate® and Ftorafur®, as well as more than 100 effective and safe medications. Currently “Grindeks” manufactures 25 active pharmaceutical ingredients.

Products of the company are exported to 59 countries and its export comprises more than 95% of the total turnover. The main markets are: Russia and other CIS countries, the Baltic States, Germany, the Netherlands, Japan and the U.S.

To increase production capacity and develop infrastructure, since 2002 the company has accomplished many significant investment projects, investing 70.7 million euros over the years.

JSC “Grindeks” shares are listed on the Official List of “NASDAQ OMX Riga”. Major shareholders of JSC “Grindeks” are Kirovs Lipmans – 33.29%, “AB.LV Private Equity fund 2010” – 22.66%, Anna Lipmane – 16.69%, “Swedbank” AS Clients Account (nominee account) – 10.47%.

More information about the company – www.grindeks.lv/en/
Follow “Grindeks”:
Twitter.com/AS_Grindeks; Youtube.com/GrindeksLV

 Further information:
 Laila Klavina
 Head of the Communications Department
 JSC “Grindeks”
 Phones: (+371) 67083370, (+371) 29256012
 Fax: (+371) 67083505
 e-mail: laila.klavina@grindeks.lv