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Olainfarm’s sales in August reach 2.35 million lats

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Olainfarm, AS (213800WCG52W62ENOP27)

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2011-09-15 16:05:18

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Olaine, August 15, 2011

Olainfarm’s sales in August reach 2.35 million lats

Preliminary sales figures of AS “Olainfarm” for August 2011 show that sales during this period were 2,35 million lats (3.34 million euro), which represents a decrease by 14% compared to similar period a year ago. Sales to Kazakhstan have increased 18 times, to Ukraine by 130%, to Lithuania by 43% and in Latvia by 24%. Sales have fallen to Uzbekistan, Russia and Belarus, where during the August of the last year, particularly big shipments were made. Major sales markets of AS “Olainfarm” in August 2011 were Russia, Ukraine, Latvia and Kazakhstan.

% of total sales	Changes to August 2010
Russia	38%	-48%
Ukraine	29%	130%
Latvia	9%	24%
Kazakhstan	7%	1738%
Uzbekistan	4%	-60%
Italy	4%	NA
Belarus	3%	-41%
Canada	2%	NA
Lithuania	1%	43%
Moldova	1%	-4%
Other	2%	-51%
Total	100%	-14%

During eight months of 2011, according to preliminary results, sales of AS “Olainfarm” have reached 23.01 million lats (32.74 million euros) – which is an increase by 35% compared to similar period a year ago. The most significant sales increases were achieved in Canada, where sales grew 43 times, The Netherlands, 9 times, Ukraine by 134%, Latvia by 48%, Lithuania by 37%, Kazakhstan by 26% and Uzbekistan where sales increased by 23%. The major sales markets of AS “Olainfarm” during eight months of 2011 were Russia, Ukraine, Belarus, Latvia and Kazakhstan.

% of total sales	Increase to 8 months of 2010
Russia	39%	11%
Ukraine	25%	134%
Belarus	8%	8%
Latvia	6%	48%
Kazakhstan	5%	26%
UK	3%	0%
Uzbekistan	2%	23%
The Netherlands	1%	807%
Lithuania	1%	37%
Canada	1%	4216%
Other	7%	15%
Total		100%	35%

Operating plan and budget of AS “Olainfarm” for 2011 provides that company plans the sales of 29.4 million lats (41.8 million Euro) and the net profit of 5.1 million lats (7.3 million Euro). According to preliminary sales figures published herein, in 8 months of 2011 the company has made 78.2% of sales planned for the entire 2011

A/s Olainfarm is one of the biggest pharmaceutical companies in Latvia with nearly 40 years of experience in production of medication and chemical and pharmaceutical products. A basic principle of company's operations is to produce reliable and effective top quality products for Latvia and the rest of the world. Products made by the Group are being exported to more than 30 countries of the world, including the Baltics, Russia, other CIS, Europe, Asia, North America and Australia.

Information prepared by:

Salvis Lapins

Member of the Board

A/s „Olainfarm”

Tel: +371 6 7013 717

Cell: +371 2 6448 873

E-mail: slapinsh@olainfarm

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