Announcement of AS „Latvijas Zoovetapgade” Supervisory Council to Company employees, suppliers, customers and shareholders

Since shareholder meeting held on 24th July, 2008, when changes in Company
management took place, the Company and its largest shareholders has been
involved into various litigations, which seriously affects the Company everyday
business. Unfortunately, since shareholder's meeting, former Management Board
and Supervisory Council of the Company, after receipt of written requests, has
not considered being necessary to contact the new Management Board members, as
well has not delivered the requested information. New management Board was not
allowed to access Office premises and accounting information of the Company,
therefore, the Company was not able to fulfill its obligations to the Company
employees and suppliers. 
From information in possession by the new management of the Company, it is
possible to conclude, that to the some of the former management members of the
Company who simultaneously were some of the biggest shareholders of the
Company, several payments were made outside the normal employee relations not
related to the business of the Company. In addition, the Company has extended
guarantees on behalf of the loans issued to former management of the Company
which currently are overdue and not repaid on time. 
From contacts with the Company suppliers, the information is received on
activities from some of the former Company management members trying to
persuade the suppliers of the Company to sign new supply contracts with other
companies which are directly related with the former management of the Company,
by doing this intensely jeopardizing the successful future of the Company.
Some, important suppliers of the Company, are shocked about the current
situation within the Company and the risk exist that they will reconsider the
cooperation with the Company into nearest future. 
We would like to remind that AS „Latvijas Zoovetapgade” is not a company
belonging only to members of one family, but it is joint stock Company, with
its shares being transferrable and quoted on NASDAQ/OMX stock Exchange. The
operations of the Company should be transparent, legitimate and performed in
accordance with generally accepted principles of corporate governance and
should be made in interests of all shareholders of the Company. 
The current Company Management Board and Supervisory Council are ready to react
adequate on all above mentioned issues to protect the Company assets and to
continue its business. 
The current Management Board of the Company has announced next extraordinary
shareholders meeting on 24th September, 2008 and has included on agenda the
reelection of the Supervisory Council, by doing this in legitimate way trying
to solve the issue of control over the Company. 
The Supervisory Council of AS „Latvijas Zoovetapgade” is inviting all
shareholders of the Company to solve their mutual conflicts in a legitimate way
and by not diminishing the value of the Company. We are inviting all employees
of the Company, suppliers, customers and shareholders to be correct and
reasonable into current situation within the Company as well as to cooperate
with the existing Management Board elected by the Supervisory Council and to
support the Company into this difficult situation. 
Looking forward for your cooperation and support,

Janis Leimanis
AS „Latvijas Zoovetapgāde” Chairman of the Supervisory Council