The Annual General Meeting of shareholders of joint stock company “Grindeks” was held on May 25, 2010. The meeting resolved following resolutions:

1. Reports of Board, Supervisory Council, Audit Committee and statement of Sworn auditor.

To take notice of the reports of the Board, the Supervisory Council, the Audit Committee and the statement of the sworn auditor of joint stock company “Grindeks”.

Voting results: decision is taken with the required majority of the votes.

2. Approval of Annual report for the year 2009.

To approve the following Annual Reports for the year 2009 prepared by the Board of joint stock company “Grindeks” and revised by the Supervisory Council of joint stock company “Grindeks”:
1) Annual Report for the year 2009 of joint stock company “Grindeks” prepared in accordance with the legislative acts of the Republic of Latvia;
2) Consolidated annual Report for the year 2009 of joint stock company “Grindeks” prepared in accordance with International Financial Reporting Standards (IFRS);

Voting results: decision is taken with the required majority of the votes.

3. Distribution of profit for the year 2009.

1) To approve the net profit of joint stock company “Grindeks” for the year 2009 in amount of 3 513 315 LVL.
2) To leave undistributed the profit for the year 2009 and use it for the development of joint stock company “Grindeks” to increase the competitiveness of joint stock company “Grindeks”.

Voting results: decision is taken with the required majority of the votes.

4. Election of auditor and determination of the remuneration for the auditor.

1) To elect joint stock company “BDO” (certificate number 112) as auditor of the Annual Reports of joint stock company “Grindeks” for the year 2010.
2) To determine the remuneration for the auditor for audit of the Annual Reports of joint stock company “Grindeks” for the year 2010 in the amount of 23 000 LVL, not including taxes provided by the legislative acts.
3) To assign the Board of joint stock company “Grindeks” to sign the contract with the elected auditor for audit of the Annual Reports of joint stock company “Grindeks” for the year 2010.

Voting results: decision is taken with the required majority of the votes.

5. Recalling of the Supervisory Board and election of the new Supervisory Board.

1) Considering that Vitālijs Gavrilovs has submitted the application about quitting the position of the member of the Supervisory Board, according to the Clause 296 Part Nine of the Commercial law, to release Jānis Naglis, Uldis Osis, Kirovs Lipmans and Anna Limpane from their positions of the members of the Supervisory Board of joint stock company “Grindeks”.
2) To elect in the positions of the members of the Supervisory Board of joint stock company “Grindeks” for the term three years, determining the beginning of the duties of the Supervisory Board as of the May 25, 2010:
1. Kirovs Lipmans,
2. Jānis Naglis,
3. Anna Lipmane,
4. Uldis Osis,
5. Ivars Kalviņš.

Voting results: decision is taken with the required majority of the votes.

On the same occasion, we inform that in the meeting of the Supervisory Board on May 25, 2010 the Supervisory Board of JSC “Grindeks” repeatedly decided to elect Kirovs Lipmans as a chairman of the Supervisory Board and Anna Lipmane as a deputy chairman of the Supervisory Board.

We also inform that the newly elected member of the Supervisory Board professor Ivars Kalviņš has been the director, the head of the Medical Chemistry Department and of the Chemistry Laboratory of Carbofunctional Combinations in the Institute of Organic Synthesis of Latvia (IOS) since 2003. Previously professor I.Kalviņš was the deputy director of IOS. From 2006 to 2008 he was the member of the Supervisory Board of JSC “Grindeks”. Professor I.Kalviņš is one of the best known scientists in Latvia, Dr. habil. chem., member of the Latvian Academy of Science, has received several awards. Professor I.Kalviņš is involved in different professional and nongovernmental organizations. Professor I.Kalviņš owns 17 094 shares of JSC “Grindeks”.

Riga, May 25, 2010

On behalf of the Board of JSC “Grindeks”,
Chairman of the Board                          J.Romanovskis

Further information:
Laila Kļaviņa
Head of the Communications Department
JSC “Grindeks”
Phones: (+371) 67083370, (+371) 29256012
Fax: (+371) 67083505
e-mail: laila.klavina@grindeks.lv