Resolutions of Extraordinary General Meeting of Shareholders of JSC „Grindeks”


The Extraordinary General Meeting of shareholders of joint stock company        
„Grindeks” was held on February 22, 2008. The meeting resolved following        
resolutions:                                                                    

On the first item of the agenda “Election of the Supervisory Board”:            

1) Considering the application of Ivars Kalviņš, according to the Clause 296
Part 
Seven and Nine of the Commercial law, to release Ivars Kalviņš, Kirovs Lipmans, 
Uldis Osis, Jānis Naglis and Vitālijs Gavrilovs from their positions of the     
members of the Supervisory Board of JSC “Grindeks” starting from February 22,   
2008.                                                                           

2) To elect in the positions of the members of the Supervisory Board of JSC 
“Grindeks” for the term three years, determining the beginning of the duties of 
the Supervisory Board as of the February 22, 2008:                              
1.Kirovs Lipmans; 
2.Vitālijs Gavrilovs; 
3.Jānis Naglis; 
4.Anna Lipmane; 
5.Uldis Osis. 

3) To determine that the members of the Supervisory Board receive the
remuneration 
for execution of the duties of the member of the Supervisory Board according to 
the approved annual budget of JSC „Grindeks”.                                   

At the same occasion, we are informing that the Supervisory Board of JSC        
„Grindeks” on the first meeting of the Supervisory Board on February 22, 2008   
decided to elect Kirovs Lipmans as chairperson of the Supervisory Board         
repeatedly and Vitālijs Gavrilovs as deputy chairman of the Supervisory Board.  
                                                                                
As well as we are informing about the professional experience of the newly      
elected member of the Supervisory Board, Misis Anna Lipmane, who is one of the  
biggest shareholders of  JSC “Grindeks”, certified doctor-neurologist and from  
2003 takes the post of  Advisor to the Chairman of the Management Board of JSC  
“Grindeks”.                                                                     


On behalf of JSC „Grindeks”,                                                    

Chairman of the Management Board   J.Romanovskis