By the Shareholders’ decision passed during the Shareholders` meeting, held on 22^nd April 2016, Ainis Dabols was appointed as a member of the Audit Committee, composed of one person. The Audit Committee commenced on 22^nd April 2016 and is appointed for the term till 22^nd April 2019. 

Ainis Dabols is an independent member of the Audit Committee within the meaning of paragraph 7 of the Clause 54¹ of the Law of Financial Instruments Market.

         Janis Kirsis
         Head of Treasury
         ELKO Grupa AS
         
         4, Toma Street
         Riga, LV - 1003, Latvia
         Phone: + 371 6709 2357
         e-mail: janis.kirsis@elkogroup.com