Valmieras stikla škiedra: On the mandatory share redemption

Opinion of the Board of the Joint-stock company "VALMIERAS STIKLA ŠKIEDRA" on
the offer of mandatory share buy-back of the company and its impact on the
public interest 

On February 20, 2018, the Financial and Capital Market Commission decided to
allow Heinz-Jürgen Preiss-Daimler and Beatrix Preiss-Daimler, the shareholders
of JSC "VALMIERAS STIKLA ŠKIEDRA" (hereinafter - the Company), to issue the
mandatory share buy-back offer (hereinafter the Offer), approving the
redemption price of one share is 3,52 EUR. 

The Management Board of the Company has evaluated the Offer and has concluded
that it complies with the requirements of regulatory enactments. 

The Management Board positively evaluates the fact that the bidders do not
intend to make changes in the composition of the Board of the Company. It is
also positive that Heinz-Jürgen Preiss-Daimler and Beatrix Preiss-Daimler's
offer will have no impact on the Company's employment policy - Company's
employees retain jobs in accordance with their employment contracts. Similarly,
the Offer will not affect the Company's strategy of operation, as well as the
implementation of future plans and the existing activity profile or location. 

Taking into account the rapid development of the Company's in recent years, the
Board assumes that the Company's value will only increase in the future.