DRAFT RESOLUTIONS of the Annual Meeting of Shareholders of joint stock company “Latvijas balzams” to be held on 28 June 2017


1. Reports of Management Board, Council and statement of Sworn auditor, approval of Annual reports for the year 2016.

1) To get acquainted with the reports of the Management Board and the Council of joint stock company “Latvijas balzams” and the statement of the sworn auditor.
2) To approve joint stock company’s “Latvijas balzams” annual report(-s) for the year 2016.

2. Distribution of profit for the year 2016.

1) To approve the net profit of joint stock company “Latvijas balzams” for the year 2016 in the amount of 7 472 039 EUR.
2) To pay to shareholders in dividends the net profit for the year 2016 of in the amount of 7 472 039 EUR and part of undistributed profit for previous years in the amount of 24 861 EUR, in total 7 496 900 EUR or 1,00 EUR per one share to shareholders in dividends, setting July 28, 2017 as the date of calculation of dividends and August 04, 2017 as the date of payment of dividends.

3. Election of auditor for the audit of Annual reports for the year 2017 and determination of the remuneration for auditor.

1) To elect audit company “PricewaterhouseCoopers” SIA (reg.No 40003142793, legal address: Kr.Valdemāra street 21-21, Riga, LV-1010) as the sworn auditor for the audit of annual reports of joint stock company “Latvijas balzams” for the year 2017.
2) To determine 24 000 EUR, VAT not included, as the remuneration for auditor for the audit of annual reports for the year 2017.
3) To assign the Management Board of joint stock company “Latvijas balzams” to conclude the agreement with the elected auditor for the audit of annual reports for the year 2017 of joint stock company “Latvijas balzams”.

4. Election of the Audit Committee and determination of the remuneration for the Audit Committee

1) to elect joint stock company “Latvijas balzams” Audit Committee in the composition of three members for a three-year period:
a. ________________________;
b. ________________________;
c. ________________________.
2) to determine annual remuneration for the members of the Audit Committee at the amount not exceeding 36 000 EUR (thirty six thousand euro) before withholding of taxes and to authorize the chairman of the Audit Committee to determine the distribution of the remuneration among the members of the Audit Committee.


Riga, June 14, 2017


Joint stock company „Latvijas balzams”
Chairman of the Management Board      Intars Geidāns