JSC „OLAINFARM” statutes#ins_quot2# new edition

28/12/2005

Approved by Decision of Annual Shareholders meeting On July 29th, 2005


1. Firm

Company’s firm is joint stock company „Olainfarm”, hereinafter called 

“Company”.

2. Fixed capital of the Company

2.1. Fixed capital of the Company is 13 252 365 LVL (thirty millions two

hundred fifty two thousand three hundred sixty five lats). Fixed capital

of the Company consists of 13 252 365 (thirty millions two hundred fifty

two thousand three hundred sixty five) shares. Nominal value of one share

is LVL 1,- (one lat).

2.2. 2 994 900 (two millions nine hundred ninety four thousand nine hundred)

of Company’s shares are bearer shares and are in public circulation.

2.3. 10 257 465 (ten millions two hundred fifty seven thousand four hundred

sixty five) of Company’s shares are registered shares.

2.4. All shares provide equal rights to receive dividends, liquidation quota

and to vote on shareholders meeting.

2.5. All shares are dematerialized.

3. Management Board

Company’s Management Board consists of seven members of the Management Board.

Chairperson of the Management Board (president) has unlimited rights to

represent the Company separately. Remaining members of the Management Board

have the right to represent the Company only jointly.

4. Board of Advisers

Company’s Board of Advisers consists of five members of Board of Advisers.

5. Other terms

When managing emission the Company may foresee in the terms of amplification

of fixed capital that in case of failing to cover the full price of shares

shareholder receives only number of shares proportionate to the paid sum.