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Sales of OlainFarm in July Reaches 3.86 Million Lats

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Olainfarm, AS (213800WCG52W62ENOP27)

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2013-08-15 17:36:55

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Company announcement

Olaine 15.08.2013

Sales of OlainFarm in July Reaches 3.86 Million Lats

Preliminary consolidated sales figures of AS “OlainFarm” for July show that sales have reached 3.86 million lats (5.5 million euro), which is 5% less than a year ago. The biggest sales increases were achieved in Belarus (growth by 600%) and Kazakhstan (growth by 109%). Major sales markets of AS “OlainFarm” during July 2013 were Russia, Ukraine and Latvia.

July 2013, consolidated results	Share in total sales	Changes to July 2012
Russia	44%	0%
Latvia	25%	30%
Ukraine	12%	-60%
Belarus	5%	600%
The Netherlands	3%	NA
Kazakhstan	2%	109%
Uzbekistan	2%	-52%
India	1%	11%
Turkmenistan	1%	NA
Poland	1%	-7%
Other	3%	15%
Total	100%	-5%

During the first seven months of 2013 according to preliminary results total consolidated sales of AS “OlainFarm” were 28.1 million lats (40 million euro), which represents an increase by 5% compared to similar period of 2012. The most rapid sales increases were achieved in the Netherlands, where sales grew by 2636%, Spain, where sales grew by 240% and Canada, where sales grew by 198%. Major sales markets of AS “OlainFarm” during the first seven months of 2013 were Russia, Latvia, Belarus, Ukraine and United Kingdom.

Seven months of 2013, consolidated results	Share in total sales	Changes to seven months of 2012
Russia	41%	21%
Latvia	24%	31%
Belarus	8%	42%
Ukraine	6%	-66%
UK	4%	-14%
Kazakhstan	4%	10%
The Netherlands	2%	2636%
Georgia	1%	19%
Canada	1%	198%
Spain	1%	240%
Other	8%	-1%
Total	100%	5%

Sales of pharmacies owned by AS “OlainFarm” during July 2013 were 0,76 million lats (1.08 million euro). Sales of pharmacies during seven months of 2013 were 5.3 million lats (7.5 million euro). Meanwhile, sales of SIA “Silvanols”, a company AS “OlainFarm” holds a 70.88% ownership stake in, reached 0.13 million lats in July.

According to preliminary unconsolidated results of AS “OlainFarm”, sales made during July 2013 were 3.24 million lats (4.61 million euro), which represents an decrease by 9% compared to similar period of 2012. The most rapid sales increases were achieved in Georgia (growth by 1614%), Belarus (growth by 600%) and Latvia (growth by 67%). According to unconsolidated results the major sales markets of AS “OlainFarm” in July 2013 were Russia, Ukraine, Latvia and Belarus.

July 2013, unconsolidated results	Share in total sales	Changes to July 2012
Russia	52%	0%
Ukraine	14%	-60%
Latvia	13%	67%
Belarus	6%	600%
The Netherlands	3%	NA
Kazakhstan	3%	NA
Uzbekistan	2%	-52%
India	2%	11%
Turkmenistan	1%	NA
Georgia	1%	1614%
Other	2%	-52%
Total	100%	-9%

In seven months of 2013 according to preliminary unconsolidated results the sales of AS “OlainFarm” have reached 24 million lats (34.15 million euro), which represents an increase by 4% compared to similar period of 2012. The most rapid sales increases during seven months have been achieved in the Netherlands (growth by 2636%), and Spain (growth by 240%). According to preliminary unconsolidated results, the major sales markets of AS “OlainFarm” in seven months of 2013.gada were Russia, Latvia, Belarus, Ukraine and United Kingdom.

Seven months of 2013, unconsolidated results	Share in total sales	Changes to seven months of 2012
Russia	48%	21%
Latvia	12%	84%
Belarus	9%	42%
Ukraine	8%	-66%
UK	5%	-14%
Kazakhstan	4%	10%
The Netherlands	2%	2636%
Georgia	1%	Pielikumi