Certain Ordinary Bearer Shares of AS "Virsi-A" are subject to a Lock-Up Agreement Ending on 9-MAY-2023. These Ordinary Bearer Shares will be under lockup for 547 days starting from 8-NOV-2021 to 9-MAY-2023.

Details:
Janis Riekstinš, Janis Rušmanis, Ruta Plume, lgvars Zuzulis and Andris Prieditis who own 23.8%, 23.6%, 23.6%, 14.5% and 14.5% of the Company's Shares respectively before the Offering, have agreed without the prior written consent of AS LHV Pank not to, directly or indirectly, sell, contract to sell, exercise any option to sell, or otherwise dispose of any Shares of the Company owned by him during the period commencing on the date of the lockup agreement (entered into on or about the start of the Offer Period) and ending after the lapse of 18 calendar months from the date of the lock-up agreement. The same restriction shall apply to any securities convertible into or exchangeable for the Shares of the Company and to any swap or other agreement or any transaction, the economic consequence of which would be the transfer of the ownership of the Shares of the Company. AS LHV Pank is not entitled to unreasonably withhold its consent, provided that the proposed new owner of the locked-up shares of the Company has executed or has committed to execute a lock-up agreement on similar terms for the remaining term of the lock up period.