Olainfarm

Date: 29.04.2010 - 16:34 (GMT+2) , Exchange: RIG , Company: Olainfarm
This announcement is also available in following languages: lv

OLF: Decisions taken at the Annual General Meeting

Olainfarm             Decisions of annual general meeting             29.04.2010

Decisions taken at the Annual General Meeting

Name of securities: Public shares of JSC „Olainfarm” 
	ISIN code: LV000100501
	Paid - in  capital: 14 085 078 LVL
	Date of the Annual General Meeting: April 29, 2010 at 11:00 
	Venue: Olaine, Rupnicu iela 5.
	Following documents have been approved at the Annual General Meeting:

1. 	Report of the Board on results of operations in 2009.

To take notice of the Management Report on results of operations in 2009.

Voting: the resolution was adopted unanimously.

2. 	Report of the Council on results of operations in 2009

To take notice of the Council Report on results of operations in 2009.

Voting: the resolution was adopted unanimously.

3. Report of the Auditing Committee.

To take notice of the Report of the Auditing Committee.

Voting: the resolution was adopted unanimously.

4.	Approval of the Audited Annual Report for 2009.

To approve the Audited Annual Report for 2009.

Voting: the resolution was adopted unanimously.

5. 	Approval of the Audited Consolidated Annual Report for 2009.

To approve the Audited Consolidated Annual Report for 2009.

Voting: the resolution was adopted unanimously.

6.	Division of profits of 2009.

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.

Voting: the resolution was adopted unanimously.

7.	Report of the Board on budget for 2010 and on planned operations in 2010.

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).
Voting: the resolution was adopted with necessary majority of votes.

8. Election of the Certified Auditor for 2010.

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.

Voting: the resolution was adopted unanimously.

8.2.  to set the total remuneration of certified auditor at 29 000 lats (41 263
Euros), exclusive of VAT.

Voting: the resolution was adopted with necessary majority of votes.

9.	Election of the Auditing Committee.

9.1. to elect Zanna Karaseva to be the sole member of the Auditing Committee.

Voting: the resolution was adopted unanimously.

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

Voting: the resolution was adopted unanimously.

Olaine, April 29, 2010
Information prepared by:
Salvis Lapins
JSC Olainfarm
Member of the Board 
Rupnicu iela 5, Olaine
Latvia, LV 2114
Tel: +371 6 7013 717
Fax: +371 6 7013 777
e-mail: slapinsh@olainfarm.lv