Grindeks                                                       17.05.2005.



AS “Grindeks” informs about purchase price of shares in new issue 



AS "Grindeks", following consultations with AS "Suprema", supplements the share 

capital increase (draft) proposal point 4.3. with the following wording: 



“4.3. The share premium is determined to be in the range of LVL 5.90 to LVL 6.90 per 

share. The final (actual) share premium shall be determined by the Management Board 

of the Company only within the stated range in these Terms.”



The above share premium together with the nominal value of one share fixes the total 

price of one share within the range of LVL 6.90 to LVL 7.90. Applying this price range 

to the 1,850,000 new shares proposed in the issue implies total proceeds of between 

LVL 12,765,000 and LVL 14,615,000 were all shares to be subscribed to. These proceeds 

will be invested in the further development of AS "Grindeks". Primary areas of investment 

will be:

* Product portfolio improvement, introducing new patented and generic products;

* New and existing product marketing-related investments;

* Increasing manufacturing capacity;

* Acquisitions which would allow more effective implementation of the above-mentioned 

  aims.



Grindeks expects the proposed share issue to make a material enhancement to its growth 

and development profile going forward.



Information prepared by: 

Janis Romanovskis, 

Finance and Administrative director

JSC "Grindeks"

Tel. 7083250, 9226767

email: janis_romanovskis@grindeks.lv