Assessment of Independence of Candidates for Membership in Supervisory Council of JSC Olainfarm

Assessment of independence of Candidates for Membership in Supervisory Council of JSC Olainfarm according to Annex III “Independence Criteria of Council Members” (hereinafter referred to as “Criteria”) to Principles of Corporate Governance and Recommendations on Their Implementation adopted by AS Nasdaq OMX Riga in 2010:

1. Signe Baldere – Sildedze- not an independent candidate based on Criteria 2 and 3;
2. Irina Maligina – not an independent candidate based on Criteria 1, 2, 3, and 4;
3. Milana Beļevica – independent candidate;
4. Ivars Kalvins – independent candidate;
5. Ivars Godmanis – independent candidate ;
6. Ainars Ozols – independent candidate.
7.  

Information prepared by:

         Salvis Lapins

         JSC Olainfarm

         Member of the Management Board

         Rupnicu iela 5, Olaine, Latvia, LV 2114

         Phone: +371 6 7013 717

         E-mail: Salvis.Lapins@olainfarm.lv