On 14 July 2021, the Financial and Capital Market Commission decided to permit JSC AB CITY to make the mandatory share buy-back offer (hereinafter – the Offer) approving the buy-back price of one share 9.26 EUR.

The Management Board of the Company finds the Offer to be compliant with the conditions of the Financial Instruments Market Law.

The Management Board positively evaluates the Offer considering the fact that the Offeror intends to continue the Target company's operations and it is not planned to change business activities. The Target company will continue its operations in current field. It is also planned to continue employment relations with the Target company’s employees according to concluded emplayment agreements. There are no plans to change the Target company’s location.

Additional information:

Jānis Dubrovskis

Investor Relations Advisor of JSC Olainfarm

Phone: +371 29178878

Email: janis.dubrovskis@olainfarm.com