DRAFT RESOLUTIONS of extraordinary general meeting of shareholders of VALMIERAS STIKLA ŠĶIEDRA, AS to be held on February 25, 2022

1. Reduction of share capital.

To approve the regulation for the reduction of the share capital of joint stock company VALMIERAS STIKLA ŠĶIEDRA and to reduce the share capital of joint stock company VALMIERAS STIKLA ŠĶIEDRA in accordance with provision of Section 262 Paragraph first cause three of the Commercial Law, by reducing the nominal value of each of the joint stock company's VALMIERAS STIKLA ŠĶIEDRA shares to 0,10 EUR. The reduced share capital shall be used to improve the structure of joint stock company VALMIERAS STIKLA ŠĶIEDRA Equity to meet the criteria for attracting funding from the European Union.

2. Amendments to the Articles of Association.

To approve the new wording of Articles of Association.

Valmiera, February 11, 2022
Chairman of the Management Board S. Jugel
Member of the Management Board Ģ. Vēveris

Regulations for the reduction of the share capital of VALMIERAS STIKLA ŠĶIEDRA, AS [LV & EN]
New redaction of the Articles of Association of VALMIERAS STIKLA ŠĶIEDRA, AS [LV & EN]