AS „Laima” Management Statement on AS ”Laima” Stock Final Offer

On June 01, 2007, the Financial and Capital Market Commission (FKTK) passed a
decision to allow the AS „Laima” shareholder „NP Confectionary AB” making
the AS „Laima” stock final offer approving the purchase price per share
1.76 LVL. 

The AS „Laima” Board has evaluated the shareholder's „NP Confectionary AB”
AS „Laima” stock final offer and concluded that it is in compliance with
requirements of regulatory acts. The Board considers that the stock
concentration in one shareholder's hands would improve the AS „Laima”
performance efficiency and further development, and it would also contribute to
the influx of investments. 

The Board considers that the stock final offer by „NP Confectionary AB” and its
execution would have positive influence on AS „Laima” and its employment
policy, as the shareholder's „NP Confectionary AB” defined strategic plans
towards AS „Laima” conform to the AS „Laima” Board standpoint. 

The AS „laima” Board thinks it is positive that the offering shareholder
does not provide for making changes in the AS „Laima” Board or Council
composition, and that the AS „Laima” personnel would retain their working
places according to their labour contracts concluded. The AS „Laima” Board
confirms that a project has been started since 2006 providing for the AS
„Laima” production facilities transfer to Riga Region; the project is
planned to be worked out and implemented until 2009. 
       

Fot the AS „Laima” Board, 
Chairman of the Board Normunds Ozoliņš