Notice on decisions of 12.06.2017 regular shareholders` meeting of the JSC “Brivais vilnis”

Salacgriva                                                                                                                June 12, 2017

The Management Board of the JSC “Brivais vilnis” notifies that the annual shareholders` meeting on 12.06.2017 from 3 099 450 shares of paid-up and authorized capital were attended by shareholders, representing 3 014 995 shares or 97,28%.

The regular shareholders` meeting made decisions as follows:

1. Approve the report of the Management Board on operating results of 2016.

2. Approve the report of the Supervisory Council on operating results of 2016.

3. Take note of information of the Audit Committee on work of 2016.

4. Take note of report of the certified auditor on annual report of the JSC “Brivais vilnis” for 2016.

5. Approve the annual report of the JSC “Brivais vilnis” for 2016.

6. 2016 loss of EUR 664 368 of the JSC “Brivais vilnis” cover from the Company`s capital.

7. Elect the Supervisory Council of 4 (four) board members:

        Mrs. Anda Caune (re-elected),

        Mrs. Ilona Drikina (re-elected),

        Mr. Jurijs Lavriņenko (the last three years holds the post of the lawyer in the JSC “Belokon Holdings”, currently the post of the Head of Legal Department, does not own shares of the JSC “Brivais vilnis”),

        Mr. Kaspars Vārpiņš (re-elected).

8. Elect the Audit Committee of 4 (four) members:

        Mrs. Anda Caune (Member of the Supervisory Council),

        Mrs. Sandra Kalviņa (re-elected),

        Mrs. Sarmīte Persidska (re-elected),

        Mrs. Sarmīte Šime (re-elected).

9. Elect the certified auditor Mr. Gatis Sviklis, certificate No.202, from the company “Revidentu birojs Gatis Sviklis Lāsma Svikle” Ltd. for audit of the annual report for 2017 and giving of conclusion, approve the amount of the remuneration of the certified auditor for audit of the annual report for 2017 and giving of conclusion in amount of EUR 6 100 plus 21% VAT – EUR 7 381.

Detailed information:

Mrs. Zinaida Ekmane

Tel.: +371-64000235

E-mail: bv@brivaisvilnis.lv

Web page: www.brivaisvilnis.lv

Chairman of the Board

Arnolds Babris