Decisions taken by Annual General Meeting of Shareholders of joint stock company „Grindeks” held on May 31, 2007

1. Reports of Management Board, Supervisory Board and statement of Sworn
auditor. 

Decision:

To take notice of the reports of the Management Board, the report of the
Supervisory Board and the statement of the sworn auditor of joint stock company
“Grindeks”. 


2. Approval of Annual reports for the year 2006.

Decision:

To approve the following Annual Reports for the year 2006 prepared by the
Management Board of JSC “Grindeks” and revised by the Supervisory Board of JSC
“Grindeks”: 
1)	Annual Report for the year 2006 of JSC “Grindeks” prepared in accordance
with the legislative acts of the Republic of Latvia; 
2)	Consolidated annual Report for the year 2006 of JSC “Grindeks” prepared in
accordance with International Financial Reporting Standards (IFRS; 


3. Distribution of profit for the year 2006.

Decision:


1)	To approve the net profit of JSC „Grindeks” for the year 2006 in amount of 6
220 576 LVL. 
2)	To distribute the profit for the year 2006 as follows:
a.	to use 70 990 LVL to cover the losses of previous years;
b.	to leave undistributed 6 149 586 LVL and use it for the development of JSC
“Grindeks” to increase the competitiveness of JSC “Grindeks”. 

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

Decision:


1)	To elect audit company „Deloitte Audits Latvia” SIA (commercial company
licence No. 43) as auditor of the Annual Reports of JSC “Grindeks” for the year
2007. 

2)	To determine the remuneration for the auditor for audit of the Annual
Reports of JSC “Grindeks” for the year 2007 in the amount of 25 708 LVL, not
including taxes provided by the legislative acts. 

3)	To assign the Management Board of JSC “Grindeks” to sign the contract with
the elected auditor for audit of the Annual Reports of JSC “Grindeks” for the
year 2007. 


Management Board of JSC Grindeks