JSC „OLAINFARM” NOTIFICATION OF INCREASE OF SHARE CAPITAL, PRIORITY RIGHTS OF SHAREHOLDERS and EXPRESSION OF PUBLIC OFFER

JSC „Olainfarm” (registration No. 40003007246, legal address: Rupnicu street
5, Olaine, Rigas region, LV-2114, Latvia) informs that the annual shareholders'
meeting held on April 13th, 2007, has taken decision on issue of 4'000'000
bearer dematerialized shares. 
	The existing share capital of JSC„Olainfarm” amounts to LVL 13'209'055. Share
capital of „Olainfarm” consists of 10'214'155 dematerialized registered shares,
which have been converted into bearer shares by decision of the shareholders
meeting as of April 13th, 2007, and 2'994'900 dematerialized bearer shares with
each share's par value of LVL 1.00. 
	Share capital of JSC „Olainfarm” is increased by issuing 4'000'000 one class
dematerialized bearer shares with unlimited voting rights, each share having
par value of LVL 1.00 (one Latvian lat). Share capital of JSC „Olainfarm” shall
be increased up to LVL 17'209'055. 
	Shareholders of JSC „Olainfarm” in accordance with Article 251 of the
Commercial Law have pre-emptive rights to purchase shares of new issue in
proportion to their aggregate individual par value of shares owned by them in
accordance with complete list of shareholders prepared by JSC „Latvian Central
depositary” as on April 26th, 2007. The term for execution of shareholders'
pre-emptive rights and submission of application within the First and Second
stages is expiring on June 11th, 2007. 
According to permission of Financial and capital market commission as of
09.05.2007. for expression of public offer for new issue of shares of JSC
„Olainfarm”, JSC „Olainfarm” informs of the start of public offer of new issue
shares of JSC „Olainfarm” in Latvia. Filing application for purchase of JSC
„Olainfarm” new issue shares within the framework of public offer (third stage)
is lasting up until June 12th, 2007, including it, 14:00 Latvian time.
Financial and capital market commission has registered prospectus of JSC
„Olainfarm” and published it at its web-site on the internet www.fktk.lv.
Prospectus of JSC „Olainfarm” in electronic form is also available at internet
web-sites of JSC „Olainfarm” and JSC „Riga Stock Exchange” (www.olainfarm.lv
and www.lv.omxgroup.com), but in printed form - at distributor of the issue JSC
“Parex Banka”, address: Smilsu street 3, Riga, LV 1522, Latvia, each working
day from 9:30 until 16:00. 
The sale price of  new issue JSC „Olainfarm” shares has been  determined by the
Management Board of JSC „Olainfarm” in accordance with terms of increase of
share capital and issue prospectus within the frame from LVL 2.95 to LVL 3.70. 
	Submission of applications for purchase of new issue JSC „Olainfarm” shares is
carried out through JSC „Riga Stock exchange” trading system, by submitting
share purchase order by mediation of JSC „Riga Stock exchange” members. 
	The one can get acquainted with JSC „Olainfarm” terms of increase of share
capital at JSC „Olainfarm” legal address Rupnicu street 5, Olaine or at members
of JSC „Riga Stock exchange” every working day from 9:30 until 16:00, as well
as at the internet web-sites of JSC „Olainfarm” and JSC „Riga Stock exchange”
(www.olainfarm.lv and www.lv.omxgroup.com). 

Olaine, May 11th, 2007.

Information prepared by:  
Viktorija Zuka-Nikulina
JSC „Olainfarm”
Head of Legal Department
Tālr. 7013870, 29582367
Fakss 7013777
isharohina@olainfarm.lv