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Draft Resolutions of the Annual General Meeting of Shareholders of Olainfarm to be held on April 29, 2010

on April 15, 2010

1. Report of the Board on results of operations in 2009.
Draft resolution: To take notice of the Report of the Board on results of operations in 2009.

2. Report of the Council on results of operations in 2009.
Draft resolution: To take notice of the Report of the Council on results of operations in 2009.

3. Report of the Auditing Committee.
Draft resolution: To take notice of the Report of the Auditing Committee.

4. Approval of the Audited Annual Report for 2009.
Draft resolution: To approve the Audited Annual Report of JSC Olainfarm for 2009.

5. Approval of the Audited Consolidated Annual Report for 2009.
Draft resolution: To approve the Audited Consolidated Annual Report of JSC Olainfarm for 2009.

6. Division of profits of 2009.
Draft resolution: To use 1 095 181 lats (1 558 302 Euros) from the profit of JSC Olainfarm made in 2009 to cover the uncovered losses of previous years, and to invest the
remaining part of the profit in amount of 1 268 363 lats (1 804 718 Euros) in the development of the Company.

7. Report of the Board on budget for 2010 and on planned operations in 2010.
Draft resolution: To take notice of Report of the Board on budget for 2010 and on planned operations in 2010, which include Company’s sales forecast of 24.5 million lats
(34.9 million Euros) and profit forecast of 2.7 million lats (3.8 million Euros).

8. Election of the Certified Auditor for 2010.
Draft resolutions:
8.1. to elect SIA „Ernst & Young Baltic” (license No. 17, unified registration number: 40003593454) to be the certified auditor of JSC Olainfarm in 2010;
8.2. to set the total remuneration of certified auditor at 29 000 lats (41 263 Euros), exclusive of VAT.

9. Election of the Auditing Committee.
Draft resolutions:
9.1. to elect Zanna Karaseva to be the sole member of the Auditing Committee;

9.2. to set the total monthly remuneration of the members of the Auditing Committee at 500 lats (711 Euros).

 

Information prepared by:

Salvis Lapins
Member of the Board
JSC Olainfarm
Tel: +371 6 7013 717
Cell: +371 2 6448 873
E-mail: slapinsh@olainfarm.lv

 

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