Based on the stock exchange „rules on financial instruments and stock-exchange trading in regulated markets "14.8.4 point JSC „Grobina” explains that comparing the results of the annual report of 2012. with the earlier profit predictions in the approved budget for year 2012. , there is a difference more than 10 %, because the actual profit of 2012. was LVL 464 196,- or it was about 225% higher than the planned (LVL 101 991,-)

Considering this, JSC „Grobina” explains that the main reasons for the earnings increase were following:

• There were realized 68760 mink skins in total , or for 4369 skins (6,8%) more than planned (64 391 skins);
• The sales price had increased. The average mink skin price on year 2012. was 31.88 LVL/piece, or for 3.96 LVL (14,2%) more than the planned (27.92 LVL/piece);
• The production costs were decreased. The average production costs for one realized skin on year 2012. was LVL 20.64 or for 1.86 LVL (8.27%) less than the earlier planned (22.5LVL/piece)

Argita Jaunsleine
Deputy chairman of the Council
+371 29102585