Considering the provisions of Section 79, Part 2 of the Financial Instruments Market Law, hereby Lode Holdings Limited announces results of the mandatory shares redemption offer for AS LODE shares. Target company: Joint stock company LODE, registration number 50003032071, registered address: Lodes iela 1, Liepa, Liepas pagasts, Cēsu rajons LV-4128, telephone No: 4195246, fax No: 4120113, e-mail: info@lode.lv, web page: www.lode.lv. Initiator: Company Lode Holdings Limited, registered with the Company Register of Cyprus on 9 July 2007 with registration certificate's No: HE 203477 and registered address: Afroditis, 25 2nd floor, Flat/Office 204, Nicosia, Cyprus, telephone No: +357 22 361 300, fax No: + 357 22 752 597, e-mail: info@lode-holdings.com. The amount of shares offered for sale: There were offered 321,926 shares in AS LODE for sale by using the mandatory share redemption offer. The amount of the shares that is in possession of the Initiator after fulfilment of the share redemption offer: After settlement of accounts for the share redemption, the Initiator will hold a total number of 2,164,241 shares in the Target company, that comprises 97.26% of the share capital of the Target company and the amount of voting shares. On behalf of Lode Holdings Limited: ______________________________ Renāte Purvinska Authorized representative ph. 6 736 5000