On  June  27, 2000 Supervisory Board meeting of JSC "Grindeks" daughter

company JSC "Tallinas Farmaceitiska rupnica" took place and Elita Liela

was elected as chairwomen.

As of June 3, 2000 composition of Supervisory board is as follows:

Andres  Toome  -  Optiva  Bank, Lipmans Zeligmans - JSC "Grindeks", Ivo

Beikmanis - JSC "Grindeks", Marcel Vichman.

Composition  of  Supervisory board was approved on shareholders general

meeting on June 3, 2000.

Dr.oec.  Elita Liela is a Chairwomen of JSC "Grindeks" Management Board

and a member of JSC "Tallinas Farmaceitiskās rūpnīca" Supervisory Board

since June,

1999.