Today, on 29 May, “Grindeks” participates in the conference “CEO Meets Investor”, organized by “NASDAQ OMX Baltic”, held in Vilnius, Lithuania. During the conference, “Grindeks” Chief Finance and Administrative Officer Vadims Rabša will meet with investors and media representatives and inform on the company’s business model, the results and future strategies.

Over the past five years, “Grindeks”, by investing more than 32 million lats, has made strategic investments in the business infrastructure development, in the establishment of new active pharmaceutical ingredients and final dosage form production units and other important projects. Thus, a world class pharmaceutical manufacturing infrastructure has been developed, which is an important advantage in the tough competition.

In his presentation, “Grindeks” Chief Finance and Administrative Officer Vadims Rabša will inform on the market situation of final dosage forms and active pharmaceutical ingredients and will talk about “Grindeks” strategy of original products and generics and business development prospects in existing and new markets. (Please see the attached presentation).

“Grindeks” Chief Finance and Administrative Officer Vadims Rabša: “We have all the prerequisites - a modern infrastructure, abundant knowledge and extensive experience in the pharmaceutical business. Right now, in the pharmaceutical industry competition is becoming increasingly fierce. “Grindeks” will more and more purposefully use its potential. Our main task is to investigate the patient and client needs and to create offer by expanding the product range.”

“NASDAQ OMX Vilnius” annually organizes a conference for investors, which brings together the representatives of the Baltic States companies and wide range of investors.

About “Grindeks”

“Grindeks” is the leading pharmaceutical company in the Baltic States. Its main fields of action are: research, development, manufacturing and sale of original products, generics and active pharmaceutical ingredients. The Group of “Grindeks” consists of four subsidiary companies in Latvia, Estonia and Russia, as well representative offices in ten countries.

“Grindeks” specializes in the heart and cardiovascular, CNS and anti-cancer medication therapeutic groups. A range of products covers a successful combination of original products and generics, with the original products Mildronate® and Ftorafur® and more than 100 forms of effective and safe generics included therein. Currently “Grindeks” produces 22 active pharmaceutical ingredients.

Products of the company are exported to 50 countries and its export comprises more than 95% of the total turnover. The main markets are: Russia and other CIS countries, the Baltic States, Germany, the Netherlands, Japan and the U.S. In 2010 the Ministry of Economics of Republic of Latvia and the Investment and Development Agency of Latvia awarded “Grindeks” as the most export potential company of Latvia.

During the last years the company realized many considerable investment projects in purpose to increase production capacity and develop infrastructure and invested 32.7 million lats within five years.

JSC “Grindeks” shares are listed on the Official List of “NASDAQ OMX Riga”. Major shareholders of JSC “Grindeks” are Kirovs Lipmans – 33.29%, Anna Lipmane – 16.69%, “AB.LV Private Equity fund 2010” – 11.38%, “Skandinaviska Enskilda Banken” – 10.94%, “Swedbank” AS Clients Account – 8.28%.

Further information:

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