Information on changes in the Management Boards of the subsidiaries of JSC Olainfarm and in authorization rights

In addition to the previously published information on changes in the Management Board of JSC Olainfarm and of the recall of O. Grigorjevs, I. Krūkle, M. Raizbergs and V. Krušinskis from the position of a member of the Management Board, JSC Olainfarm announces following:

• on April 9, 2019, Oļegs Grigorjevs and Žanete Eihmane have been recalled from the position of the Management Board members of JSC Olainfarm subsidiary company SIA Latvijas Aptieka, reg.nr 40003094510. Consequently, they are not entitled to represent SIA Latvijas Aptieka;
• on April 9, 2019, Ingus Balandins has been recalled from the position of the Management Board member of JSC Olainfarm subsidiary company SIA Silvanols, reg.nr. 40003233170. Consequently, he is not entitled to represent SIA Silvanols.

JSC Olainfarm informs that it has withdrawn all authorizations, issued by SIA Latvijas aptieka until April 8, 2019, and all authorizations, issued by SIA Silvanols until April 11, 2019.

Referring to the above, JSC Olainfarm draws attention to the possible facts of substitution and invites to verify the validity of any representation rights granted through the authorizations, as well as thoroughly review any document and/or action taken by persons mentioned above during their term of office.

JSC Olainfarm indicates that any documents, transactions and/or actions carried out without a valid authorization/representation rights will not bound the relevant company (SIA Silvanols and SIA Latvijas aptieka) and it will not be liable for any loss that could be caused by these actions to a third party.

JSC Olainfarm invites to check the rights of representation by contacting the Management Board of the respective companies.

Information prepared by:

Ludmila Baškirova

Head of Legal, JSC Olainfarm



Ph.