Brivais vilnis
Company Announcement

Russian and Ukrainian market

Canned fish produser JSC "Brivais Vilnis" partly revived canned fish supplies to Ukraine, while supplies to Russia are back to almoust normal level because of demand and RUR stabilisation.

Ukrainian market during couple of month decreased by 4 times from 10% to 2.5% of total value. However trade is recovering although there are problems with payments. We cooperate only with those distributors, which we believe will pay. Purchasing power in Ukraine is still low and people saving money. At the same time Russian market recovered to regular level - 30% of total volume.

We don't plan to supply higher volumes to Russia and Ukraine.

Chairman of the Board

Arnolds Babris.