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.

Approval of Annual report for the year 2012 

To approve the following Annual Reports for the year 2012 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 2012 of joint stock company Grindeks prepared in accordance with the legislative acts of the Republic of Latvia;
  2. Consolidated annual Report for the year 2012 of joint stock company Grindeks prepared in accordance with International Financial Reporting Standards (IFRS).

Distribution of profit for the year 2012 

  1. To approve the net profit of joint stock company Grindeks for the year 2012 in amount of  LVL7 589 711.
  2. To leave undistributed the profit for the year 2012 and to use it for the development of joint stock company Grindeks to increase the competitiveness of joint stock company Grindeks.

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

  1. To elect “Deloitte Audits Latvia” Ltd (certificate number 43) as auditor of the Annual Reports of joint stock company Grindeks
  2. To determine the remuneration for the auditor of the Annual Reports of joint stock company Grindeks for the year 2013 in the amount of LVL 18976 (eighteen thousand nine hundred seventy six lats), 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 2013.

Election of the Supervisory Council and determination of the remuneration for the Supervisory Council* 

1)       To elect for the office of the member of joint stock company Grindeks Audit Committee for the term three years, starting on 4 June 2013:

  1. _________________;
  2. _________________;
  3. _________________;
  4. _________________;
  5. _________________.

2)         To determine __________ LVL as the annual remuneration fund for the members of the Supervisory Council and to authorize the chairperson of the Supervisory Council to determine the distribution of the remuneration fund among the members of the Supervisory Council.

* The candidates of the Supervisory Council of JSC Grindeks will be nominated and the annual remuneration fund for the members of the Supervisory Council will be determinated at the Annual General Meeting of Shareholders.

Riga, 21 May 2013

On behalf of the Board of joint stock company Grindeks,

Chairman of the Board

J.Bundulis