DRAFT DECISIONS

 of the Annual General Meeting of Shareholders

of joint stock company “Latvijas balzams” to be held on 23 April 2013

including candidates of the Council members proposed by

 the shareholder „S.P.I. Regional Business Unit B.V.”

1.      Reports of the Management Board, the Council, the Audit Committee and statement of the sworn auditor.

To get acquainted with the reports of the Management Board, the Council and the Audit Committee of joint stock company “Latvijas balzams” and the statement of the sworn auditor.

2.      Approval of Annual reports for the year 2012.

To approve the reports drawn up by the Management Board and considered by the Council of joint stock company “Latvijas balzams”:

1)      joint stock company “Latvijas balzams” Annual report for the year 2012, drawn up in accordance with the requirements of the Laws of the Republic of Latvia;

2)      joint stock company “Latvijas balzams” Annual report for the year 2012, drawn up in accordance with International Financial Reporting Standards (IFRS);

3)      joint stock company “Latvijas balzams” Dependency report for the year 2012.

3.      Distribution of profit for the year 2012.

To leave the net profit of joint stock company “Latvijas balzams” in the amount of 4 182 513  LVL (four millions one hundred and eighty two thousand five hundred and thirteen lats) undistributed and to dispose it for the maintenance of joint stock company “Latvijas balzams” competitiveness during the crisis and for the constitution of reserves.

4.      Election of sworn auditor for the audit of Annual reports for the year 2013 and determination of the remuneration for the sworn auditor.

1)      To elect audit company SIA “Baker Tilly Baltics” (license No.80) as the sworn auditor for the audit of Annual reports of joint stock company “Latvijas balzams” for the year 2013.

2)      To determine 33 550 EUR, VAT not included, as the remuneration for the sworn auditor for the audit of Annual reports for the year 2013.

3)      To assign the Management Board of joint stock company “Latvijas balzams” to conclude the agreement with the elected sworn auditor for the audit of Annual reports for the year 2013 of joint stock company “Latvijas balzams”.

5.      Election of the Council.

1)      Having regard of the application on the leave of the office of the Council from Blaine Alan Rowlette (Bleins Alans Rovlets), the member of the Council, and in accordance with the Paragraph nine of the Article 296 of the Commercial Law, as of 23 April 2013 to release from the office of the member of joint stock company „Latvijas balzams” Council Valery Mendeleev (Vals Mendeļējevs), Sebastiaan Antonius Theodorus Boelen (Sebastiāns Antoniuss Teodors Būlens), Petr Aven (Pjotrs Avens), Aigars Kalvītis (Aigars Kalvītis) and David Ronald Surbey (Dāvids Ronalds Sarbijs).

2)     2) To elect for the office of the member of joint stock company „Latvijas balzams” Council for the term three years, starting on 23 April 2013:

1)      Valery Mendeleev (Vals Mendeļējevs)

2)      Sebastiaan Antonius Theodorus Boelen (Sebastiāns Antoniuss Teodors Būlens);

3)      Petr Aven (Pjotrs Avens);

4)      Aigars Kalvītis (Aigars Kalvītis);

5)      David Ronald Surbey (Dāvids Ronalds Sarbijs);

6)      Seymour Ferreira (Sīmūrs Fereira).

Joint stock company „Latvijas balzams”

Chairman of the Management Board                                                             Guntis Āboltiņš - Āboliņš