JSC ‘’Riga electric machine building works’’ has received notification on 1st July, 2015 and from Lacrier select inc. notification about loss of significant direct shareholding (see attached) and Padmore systems corp. notification about loss of significant direct shareholding in JSC ‘’Riga electric machine building works’’ (see attached).

 According to this notification Lacrier select inc. has lost a direct significant shareholding in JSC ‘’Riga electric machine building works’’, by losing its proportion of voting rights from 1 333 771 shares, which constitutes 23% of JSC ‘’Riga electric machine building works’’ total capital.

 Also Padmore systems corp. has lost a direct significant shareholding in JSC ‘’Riga electric machine building works’’, by losing its proportion of voting rights from 1 333 771 shares, which constitutes 23% of JSC ‘’Riga electric machine building works’’ total capital.

 Contact information:

 Lawyer Maija Golovija

 Phone:  + 371 27001052

 E-mail: maija.golovija@rer.lv

Attachments:

Riga electric machine building works notification form from Private Company IG ‘’Volga’’ about acquisition of participation

Riga electric machine building works notification form from Ltd ‘’Mirtek’’ about acquisition of participation