The Annual General Meeting of shareholders of joint stock company Grindeks was held on May 25, 2010. The meeting resolved following resolutions:

1. Reports of Board, Supervisory Council, Audit Committee and statement of sworn auditor.

To take notice of the reports of the Board, the Supervisory Council, the Audit Committee and the statement of the sworn auditor of joint stock company Grindeks.

Voting results: decision is taken with the required majority of the votes.

2. Approval of Annual report for the year 2009.

To approve the following Annual Reports for the year 2009 prepared by the Board of joint stock company Grindeks and revised by the Supervisory Council of joint stock company Grindeks:

1) Annual Report for the year 2009 of joint stock company Grindeks prepared in accordance with the legislative acts of the Republic of Latvia;

2) Consolidated annual Report for the year 2009 of joint stock company Grindeks prepared in accordance with International Financial Reporting Standards (IFRS);

Voting results: decision is taken with the required majority of the votes.

3. Distribution of profit for the year 2009.

1) To approve the net profit of joint stock company Grindeks for the year 2009 in amount of 3513315 LVL.

2) To leave undistributed the profit for the year 2009 and use it for the development of joint stock company Grindeks to increase the competitiveness of joint stock company Grindeks.

Voting results: decision is taken with the required majority of the votes.

4. Election of auditor and determination of the remuneration for the auditor.

1) To elect Joint Stock Company “BDO” (certificate number 112) as auditor of the Annual Reports of joint stock company Grindeks for the year 2010.

2) To determine the remuneration for the auditor for audit of the Annual Reports of joint stock company Grindeks for the year 2010 in the amount of 23 000 LVL, not including taxes provided by the legislative acts.

3) To assign the Board of joint stock company Grindeks to sign the contract with the elected auditor for audit of the Annual Reports of joint stock company Grindeks for the year 2010.

Voting results: decision is taken with the required majority of the votes.

5. Recalling of the Supervisory Board and election of the new Supervisory Board.

1) Considering that Vitālijs Gavrilovs has submitted the application about quitting the position of the member of the Supervisory Board, according to the Clause 296 Part Nine of the Commercial law, to release Jānis Naglis, Uldis Osis,Kirovs Lipmans and Anna Limpane from their positions of the members of the Supervisory Board of joint stock company Grindeks.

2) To elect in the positions of the members of the Supervisory Board of joint stock company Grindeks for the term three years, determining the beginning of the duties of the Supervisory Board as of the May 25, 2010:

1. Kirovs Lipmans,
2. Jānis Naglis,
3. Anna Lipmane,
4. Uldis Osis,
5. Ivars Kalviņš.

Voting results:  decision is taken with the required majority of the votes.

On the same occasion, we inform that in the meeting of the Supervisory Board on May 25, 2010 the Supervisory Board of JSC Grindeks repeatedly decided to elect Kirovs Lipmans as a chairman of the Supervisory Board and Anna Lipmane as a deputy chairman of the Supervisory Board.

We also inform that the newly elected member of the Supervisory Board professor Ivars Kalviņš has been the director, the head of the Medical Chemistry Department and of the Chemistry Laboratory of Carbofunctional Combinations in the Institute of Organic Synthesis of Latvia (IOS) since 2003. Previously prof. I.Kalviņš was the deputy director of IOS. From 2006 to 2008 he was the member of the Supervisory Board of JSC Grindeks.  Professor I.Kalviņš is one of the best known scientists in Latvia, Dr. habil. chem., member of the Latvian Academy of Science, has received several awards. Professor I.Kalviņš is involved in different professional and nongovernmental organizations. Professor I.Kalviņš owns 17 094 shares of JSC Grindeks.

Riga, May 25, 2010

On behalf of the Board of JSC Grindeks,
J.Romanovskis, Chairman of the Board

Further information:
Laila Kļaviņa
Head of the Communications Department
JSC Grindeks
Phones: (+371) 67083370, (+371) 29256012
Fax: (+371) 67083505
e-mail: laila.klavina@grindeks.lv