On January 9, 2019, the Board of JSC Olainfarm, announced the convocation of the extraordinary shareholders' meeting on April 1st, 2019, based on the request received on the 4th of January from the persons who indicated themselves as minority shareholders of JSC Olainfarm.

The Management Board of JSC Olainfarm hereby informs that after reviewing the lists of the shareholders, it has become clear that the request of 4 January 2019 has no legal basis, because the signatories are not shareholders of JSC Olainfarm and are not registered in the shareholders' register of JSC Olainfarm. According to the regulation of the Commercial Law of Latvia and the Law on the Financial Instruments Market, the Board of JSC Olainfarm does not maintain the register of its shareholders', it is collected and issued upon request by the Central Depository of Latvia.

Thus, the Board of JSC Olainfarm believes that the extraordinary shareholders meeting on April 1, 2019, is unjustified, and JSC Olainfarm is canceling the previously announced extraordinary shareholders' meeting.

The decision of the Board of JSC Olainfarm, regarding the convening of the extraordinary shareholders meeting of April 1, 2019, shall be invalidated from the moment of the decision.

Information on the convocation of the ordinary shareholders' meeting will be published immediately after the preparation of the Audited Annual Financial Report 2018.

In Olaine, on 27^th March 2019

Management Board of JSC Olainfarm