Latvijas Juras medicinas centrs

Remuneration Information • Jun 8, 2022

Introduction

The remuneration report of Joint Stock Company "Latvijas Jūras medicīnas centrs" (hereinafter – the Company) is prepared according to the remuneration policy to members of the Board and the Council approved by the decision of the Company's Shareholders Meeting of 30 November 2020, developed on the basis of Directive (EU) 2017/828 of the European Parliament and of the Council of 17 May 2017 as regards the encouragement of long-term shareholder engagement, as well as according to Article 59³ of the Financial Instrument Market Law, which introduces the directive.

The remuneration report is prepared by the Board and reviewed by the Council of the Company. The remuneration report is reviewed and approved by the Shareholders' Meeting alongside other parts of the annual report.

According to the Audit Services Law of the Republic of Latvia, a sworn auditor is under the obligation to provide an opinion on whether the information referred to in Section 59.4 of the Financial Instrument Market Law has been included in the remuneration report and whether significant non-conformities have been established in the remuneration statement in relation to the financial information indicated in the annual report.

The remuneration report is published concurrently with the audited annual report of the Company as a separate part of the annual report in Latvian and English on the Company's website: in section "Remuneration report", as well as on the Nasdaq Riga website: http://www.nasdaqbaltic.com.

Remuneration to the Board and Council

The remuneration policy of the Board and the Council ensures that in 2021 the Company's strategy, realization of long-term interests and sustainability, ensuring business continuity, is implemented.

Remuneration to the members of the Council consists only of fixed component of remuneration. In 2021, the following total remuneration was granted and paid to the members of the Council:

Name, surname	Position			Remuneration paid in 2021, EUR
Mārtiņš Birks	Chairman	of	the	8 195.76
	Council
Ineta Gadzjus	Member	of	the	4 780.92
	Council
Viesturs Šiliņš	Member	of	the	4 780.92
	Council
Jevgēņijs Kalējs	Member	of	the	4 780.92
	Council
Uldis Osis	Member	of	the	4 780.92
	Council

In 2020, the total remuneration granted and paid to the members of the Supervisory Board of the Company was as follows: EUR 27 319.44

Remuneration to the members of the Board consists of a fixed and variable component of remuneration. In 2021, the following total remuneration was granted and paid to the members of the Board:

Name, surname	Position		Remuneration paid in 2021, EUR	Fixed part of remuneration, %	Variable part of remuneration, %
Jānis Birks	Chairman Board	of the	67 445	30.45%	69.55%
Juris Imaks	Member Board	of the	59 028	31.7%	68.3%
Anatolijs Ahmetovs	Member Board	of the	48 477	47.2%	52.8%

In 2020, the total remuneration granted and paid to the members of the Company's Board of Directors was EUR 165 624.

Members of the Board and the Council did not receive remuneration from another company belonging to the same group in the understanding of the Annual Reports and Consolidated Annual Report Law.

Shares or share options were not granted and offered to members of the Board and the Council.

No variable part of remuneration was reclaimed from members of the Board and the Council.

There were no cases of applying temporary derogations from the remuneration policy.

Section 59⁴ , paragraph one, point 3 of the Financial Instrument Market Law requires to report, in a comparable manner, changes that took place in the last five financial years in remuneration paid to members of the Board and the Council, performance of the company and average remuneration on a full-time equivalent basis of employees of the company other than members of the Board and the Council.

This is the second Remuneration Report prepared by the Company and it covers 2021. In accordance with Paragraph 66 of the Transitional Provisions of the Financial Instrument Market Law, a comparison of the changes referred to in Section 59⁴ , paragraph one, Clause 3 of the Law is provided for at least the period of the last five financial years beginning not later than 1 January 2020. The Company has identified that there are no current annual changes relating to the period beginning no later than 1 January 2020.

Remuneration to the Board and the Council has not changed significantly during the last 5 years, performance of the company matches its strategic goals, average remuneration on a full-time equivalent basis of employees of the company has increased in line with the overall trends of the labour market.