The opinion of the Management Board of the joint stock company "Kurzemes ciltslietu un mākslīgās apsēklošanas stacija" on the mandatory share buyout offer

On May 29, 2018, the Financial and capital market commission decided to allow joint stock company "AGROFIRMA TĒRVETE" as the shareholder of joint stock company "Kurzemes ciltslietu un mākslīgās apsēklošanas stacija" (hereinafter - the Company) to express the mandatory share buyout offer (hereinafter referred to as the Offer) to other shareholders, confirming one share buyout price - 1.76 EUR.

The Management Board of the Company has evaluated the Proposal and has concluded that it complies with the requirements of regulatory enactments.

The Management Board of the Company positively evaluates the fact that the Offeror intends to continue the current activities of the target company and there are no planned changes in the type of activity or location. It is also positively appreciated that the Proposal will not affect the Company's employment policy - the Company's employees retain jobs in accordance with their employment contracts. Similarly, the Offer will not affect the current activities of the target company and the plans will be continued.