JSC " Talsu mežrūpniecība" announces that on December 1, 2015 it has received announcements about significant changes in shareholdings according to which:

1. Mrs. Eva Dēringa sold 40 361 shares of JSC "Talsu mežrūpniecība" to Gatis Štāks according with contract dated 30.11.2015 thus losing her shareholdings in the company.

2. Mr. Oskars Dērings sold 146 377 shares of JSC "Talsu mežrūpniecība" to Gatis Štāks according with contract dated 30.11.2015. thus losing his shareholdings in the company.

3. Mr. Gatis Štāks directly obtained 186 738 shares of JSC "Talsu mežrūpniecība" according with contract dated 30.11.2015. thus his ownership in the company reaches 87.54%.

According to the information available, under these circumstances Gatis Štāks is preparing documents for Mandatory offer to minority shareholders in term according to legislation.

Please see notification from G. Štāks, O.Dērings and E.Dēringa announcements about significant changes in shareholdings attached.