JSC  "Grindeks"  general  meeting  of  shareholders of December 6, 2002

resolved on the following:

1. To revoke Supervisory Board members.

2.  To  elect  new  Supervisory  Board: Anna Lipmane, Uldis Osis, Jānis

Naglis, Māris Pomerancs, Juris Cilinskis;

3.  To  revoke  Māris  Siliņš  from  his position as a Management Board

member;  to  postpone his discharging from responsibility till the next

general meeting of shareholders;

4. To elect Valdis Jākobsons a Management Board member;

5. To revoke Jeļena Borcova from the position of Chairman of Management

Board and to elect Valdis Jākobsons instead.

Due  to  lack  of  quorum,  the general meeting of shareholders did not

discuss  the  agenda  item  regarding  increase  of  share  capital and

respective  amendments to the Charter. These items will be discussed at

a  repeated meeting, to be convened within the time frame and procedure

as stipulated by the law.