Management Board of joint stock company “Grindeks” (registration number: 40003034935, legal address: 53 Krustpils iela, Riga, Latvia, LV-1057) calls up and announces that Annual General Meeting of Shareholders of JSC “Grindeks” will take place on 31 May 2007 at 10 a.m. at premises of JSC “Grindeks”, 53 Krustpils iela, Riga, Latvia. Agenda: 1. Reports of Management Board, Supervisory Board and statement of Sworn auditor. 2. Approval of Annual reports for the year 2006. 3. Distribution of profit for the year 2006. 4. Election of auditor and determination of the remuneration for the auditor. Shareholder Registration will be open from 09.00 a.m. till 10.00 a.m. on the day of meeting- 31 May 2007 - at the venue of the meeting. The shareholders have rights to participate in the meeting individually or by their authorized representatives or attorneys: - shareholders having a financial instruments account shall present, upon registration, a passport or other personal identification document and a receipt confirming blocking of the shares on the account; - shareholders having their securities deposited at the Initial register or Shareholders register shall present, upon registration, a passport or other personal identification document; - representatives and attorneys shall present a written power of attorney or authorized representatives shall present a document certifying authority, and a passport or other personal identification document, and a receipt certifying blocking of shares on the account if shareholder having a financial instruments account. Shareholders shall apply for blocking shares on their accounts not later than by 21 May 2007 (by the end of the business day). Annual reports for the year 2006, the Management Board proposal on the profit distribution, other draft decisions as well as additional information on the agenda are available upon a request of shareholders of JSC “Grindeks” starting from 17 May 2007 till 30 May 2007 at investor relations specialist at premises of JSC “Grindeks”, 53 Krustpils iela, Riga, Latvia on all business days from 09.00 a.m. till 16.00 p.m. and at Registration on the meeting day. Management Board of JSC Grindeks