OLAINFARM                                                       29.07.2005



JSC „OLAINFARM” statutes' new edition



Approved by Decision of Annual Shareholders meeting On July 29th, 2005

1. Firm

Company’s firm is joint stock company „Olainfarm”, hereinafter called  

“Company”. 

2. Fixed capital of the Company 

2.1. Fixed capital of the Company is 13 252 365 LVL (thirty millions two 

hundred fifty two thousand three hundred sixty five lats). Fixed capital 

of the Company consists of 13 252 365 (thirty millions two hundred fifty 

two thousand three hundred sixty five) shares. Nominal value of one share 

is LVL 1,- (one lat).

2.2. 2 994 900 (two millions nine hundred ninety four thousand nine hundred)

of Company’s shares are bearer shares and are in public circulation.

2.3. 10 257 465 (ten millions two hundred fifty seven thousand four hundred 

sixty five) of Company’s shares are registered shares. 

2.4. All shares provide equal rights to receive dividends, liquidation quota 

and to vote on shareholders meeting.

2.5. All shares are dematerialized. 

3. Management Board

Company’s Management Board consists of seven members of the Management Board. 

Chairperson of the Management Board (president) has unlimited rights to 

represent the Company separately. Remaining members of the Management Board 

have the right to represent the Company only jointly. 

4. Board of Advisers

Company’s Board of Advisers consists of five members of Board of Advisers.

5. Other terms

When managing emission the Company may foresee in the terms of amplification 

of fixed capital that in case of failing to cover the full price of shares 

shareholder receives only number of shares proportionate to the paid sum. 



Valery Maligin

JSC  „Olainfarm”

Chairman of the Board