DRAFT RESOLUTIONS of Extraordinary General Meeting of Shareholders of joint stock company “Grindeks” to be held on 17 July 2019

Referring to the previously announced that the mandatory share repurchase offer will not affect Board’s view in paying dividends and the overall development of the “Grindeks” Group currently indicates its ability to sustain consistent dividend levels in the future, the Board of joint stock company “Grindeks” proposed and the Supervisory Council revised the following draft decision:

1. Distribution of the company profit

1. To pay EUR 1 437 750 or EUR 0.15 (fifteen cents) per one share to shareholders of joint stock company “Grindeks” in dividends from the undistributed profit of previous years, setting July 30, 2019 as the ex-date, July 31, 2019 as the date of calculation of dividends and August 01, 2019 as the date of payment of dividends.

The decision on profit distribution is taken exclusively by Grindeks’ Shareholders’ meeting.

On behalf of the Board of joint stock company “Grindeks”,

Chairman of the Board J.Bundulis

Further information:

Laila Klavina

Head of the Communications Department, JSC “Grindeks”

Phones: (+371) 67083370, (+371) 29256012

Fax: (+371) 67083505