Information on the new Members of the Council

Management Board of the joint stock company “VEF” informs that on April 25, 2016 during the Annual Shareholders Meeting
the Council of JSC VEF was elected in the new arrangement.

Two of the existing Members of the Council had been re-elected in their positions of the Members of the Council. Egīls Arājs,
Ervīns Kampāns,  and Laila Līduma were elected as the Members of the Council of JSC VEF for the first time.
 
Egīls Arājs owns 21 907 shares of JSC VEF, thus, indirectly he is also a shareholders of JSC VEF.

Laila Līduma owns 122 727 shares of JSC VEF, thus, indirectly she is also a shareholder of JSC VEF.

Ervīns Kampāns does not own any JSC VEF shares.

Attachments: CVs of the new members of the Council.

The Management Board of JSC “VEF”