Riga, 24 September 2007 - SAF Tehnika announces that as of 1 November this year, Aira Loite, Director of Corporate Information and Control Unit at Lattelecom and formerly a long-term Finance Manager at Microlink, is appointed the company’s Chief Financial Officer. Within a month, Aira Loite could also occupy a position of a Board Member, thus replacing the former company’s CFO Aleksis Orlovs whose leave from the company is related to an opportunity of launching a private business. 

“Respecting the decision of our former CFO to take on a new challenge in his career I am convinced that in the person of Aira Loite SAF Tehnika has been joined by a knowledgeable manager with most extensive experience in the sector of innovative technologies, which will be a great asset for the company,” stressed SAF Tehnika Chairman of the Board, Normunds Bergs. At the same time SAF Tehnika confirms that the expected changes in the company’s management are not related to the changes in the company’s strategy of the product development and international operations.

The duties of Aira Loite at SAF Tehnika will include the finance and administrative management and the investor relations.

Before taking the new position Aira Loite worked from April 2006 to October 2007 for SIA Lattelecom – initially as the Corporate Management Director, but after February 2007 as the Director of Corporate Information and Control Unit. A. Loite was a Board Member and the Manager of Finance and Administration Department at SIA Microlink Latvia from October 2000 to March 2006. Within the period from March 2004 to October 2005 she simultaneously performed the duties of the CFO for Microlink Group. A. Loite has higher education in mathematics (University of Latvia, 1983-1988) and she is presently studying at Riga International School of Economics and Business Administration within Salford MBA program.

For additional information:
Normunds Bergs
SAF Tehnika Chairman of the Board
Tel. No. + 371 7046840
Email: normunds.bergs@saftehnika.com