Olaine, September 17, 2012

 Sales of “Olainfarm” in August Increase by 65%

Preliminary consolidated results of AS “Olainfarm” for August show that sales have increased by 65% compared to the same

period a year ago and reached 3.88 million lats (5.52 million euro). Biggest sales increases were achieved in Latvia (by 294%),

Kyrgyzstan (by 162%), Canada (by 111%), and Russia (by 98%).  Major sales markets of AS “Olainfarm” in August 2012 were

Russia, Latvia, Ukraine and Kazakhstan.

August 2012, consolidated results  Share in total sales  Changes to August 2011

Russia                                                     46%                                 98%
Latvia                                                      20%                               294%
Ukraine                                                   17%                                   0%
Kazakhstan                                              6%                                  34%
Canada                                                    2%                                111%
Belarus                                                    2%                                    8%
Italy                                                         1%                                  -38%
Taiwan                                                    1%                                   NA
Moldova                                                  1%                                   27%
Kyrgyzstan                                              1%                                 162%
Other                                                       2%                                  -58%
Total                                                      100%                                 65%

In eight months of 2012, preliminary consolidated sales of AS “Olainfarm” are 30.55 million lats (43.46 million euro) – which

represents an increase by 33%, compared to the same period of 2011. The most rapid sales increases have been achieved in

Taiwan where sales grew 8 times, Latvia 4 times, the UK, where sales grew by 75%, and Georgia where sales grew by 38%. 

Major sales markets of AS “Olainfarm” in eight months of 2012 were Russia, Ukraine, Latvia, Belarus, the UK and Kazakhstan.

 
8 months of 2012, consolidated results  Share in total sales  Changes to 8 months of 2011

Russia                                                              37%                             25%
Ukraine                                                             20%                              5%
Latvia                                                               19%                             322%
Belarus                                                              5%                               -9%
UK                                                                     4%                              75%
Kazakhstan                                                       4%                               8%
Uzbekistan                                                        1%                            -11%
Taiwan                                                              1%                              713%
Lithuania                                                           1%                             -21%
Georgia                                                             1%                              38%
Other                                                                 6%                            -16%
Total                                                               100%                            33%

Sales of pharmacies owned by AS “Olainfarm” in August 2012 were 617 thousand lats (878 thousand euro).  In eight months of

2012 sales of pharmacies owned by AS “Olainfarm” were 4.5 million lats (6.4 million euro).

According to preliminary unconsolidated results, sales of AS “Olainfarm” in August 2012 were 3,36 million lats (4.78 million euro),

which represents an increase by 43% compared to this period a year ago. The most rapid sales increases were achieved in

Kyrgyzstan (by 162%), Canada (by 111%), as well as Russia (by 98%).  In August of 2012 significant shipments were also made

to Taiwan.  According to unconsolidated results, the major sales markets of AS “Olainfarm” in August were Russia, Ukraine, Latvia

and Kazakhstan.

August 2012, unconsolidated results  Share in total sales  Changes to August 2011

Russia                                                       53%                               98%
Ukraine                                                     20%                                  0%
Latvia                                                         8%                                 33%
Kazakhstan                                                7%                                 34%
Canada                                                      3%                               111%
Belarus                                                      2%                                   8%
Italy                                                           2%                                -38%
Taiwan                                                      2%                                   NA
Moldova                                                    1%                                 27%
Kyrgyzstan                                                1%                               162%
Other                                                         2%                               -58%
Total                                                      100%                                 43%

In eight months of 2012, according to preliminary unconsolidated results sales of AS “Olainfarm” have reached 26.39 million lats

(37.55 million euro) – which is an increase by 15%, compared to the same period in 2011.  During eight months of this year the most

rapid sales increases were achieved in Taiwan, where sales grew 8 tomes, the UK by 75%, Georgia by 38%, Latvia by 27% and Russia

by 25%. According to preliminary unconsolidated results major sales markets of AS “Olainfarm” in eight months of 2012 were Russia,

Ukraine, Latvia, Belarus, UK and Kazakhstan.

8 months of 2012, unconsolidated results Share in total sales  Changes to 8 months of 2011

Russia                                                                    43%                               25%
Ukraine                                                                  23%                                 5%
Latvia                                                                       7%                               27%
Belarus                                                                    6%                                -9%
UK                                                                           5%                               75%
Kazakhstan                                                             5%                                  8%
Uzbekistan                                                              2%                              -11%
Taiwan                                                                    1%                              713%
Lithuania                                                                 1%                               -21%
Georgia                                                                   1%                                38%
Other                                                                       7%                               -16%
Total                                                                    100%                                15%

Sales forecasts of AS „Olainfarm” for 2012.gada provide that unconsolidated sales in 2012 will reach 40 million lats (56.91 million euro),

but consolidated sales will reach 48 million lats (68.3 million euro).  According to these preliminary unconsolidated sales figures, in eight

months of 2012 nearly 66% of annual target for unconsolidated sales and nearly 64% of annual target for consolidated sales have been

achieved.

________________________________________ A/s Olainfarm is one of the biggest pharmaceutical companies in Latvia with 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
E-mail: slapinsh@olainfarm.lv